[ANN] 🔥 CryptOcean - ecosystem, processing, exchange 🔥

[Erik Fox]

your soft cap is very high. $ 5 million, right? Tell me, what happens if you do not reach it? does the team have a plan for this?

I thought it was $25m for the softcap?

Darkoth89, I seen that light cap is 3000,000$ and softcap showing 5,000,000$. But what is the light cap and why they need it? About light cap I did not before this project.

Hi, ethtrader. Now it is quite a difficult time for ICO projects, cryptocurrencies and bitcoin are again at low rates, there are many projects in the market without a working idea and legal study but with a huge budget for marketing, so we have secured ourselves and divided our plans not into 2 stages - soft cap and hard cap, but into 3 stages:   Light, Soft and Hard. In all three versions, the project will be able to develop, but with different speed and power.

[markbo1210]

When tokens accrue for Bounty campaign??

[Erik Fox]

When tokens accrue for Bounty campaign??

Every week, on Mondays.

[markbo1210]

What about start? When is the release of the first version of a fully functioning ecosystem planned??

[Erik Fox]

What about start? When is the release of the first version of a fully functioning ecosystem planned??

Release of the first version of the fully-operated ecosystem CRYPTOCEAN planned on November 30, 2018 .

[markbo1210]

For which dates alpha version is scheduled to run Crypto-cards?

[Erik Fox]

For which dates alpha version is scheduled to run Crypto-cards?

Launch of the alpha version of cryptocurrency cards are planned on July, 27.2018 .

[ibininja]

When the sales of tokens will start on exchanges??

Hello, markbo1210. Sales of tokens will start on December, 10.2018 .
When the ecosystem is fully-functioning that will protect from the rates fluctuations of CRON token.

I think that is a crucial aspect that should be considered. It is always better to have a working product where the token is utilized as the company grows the token and volume too.

[faulerwilli]

Hi Erik, it is really great that you are so active here and answer many questions.

I'm just reading on the homepage that you guarantee that the value of the CRON tokens will increase. Can you explain how this works?

[em777]

Answer me, pls. What happens if the tokens of Bounty campaign  are not fully distributed? Will they be destroyed???

When tokens Of bounty campaign is not fully distributed they get burned, destroyed

[koralan]

Expected to offer an electronic currency with many uses. I see the project providing electronic wallet services and plastic wallet . So you have to plan to build facilities ATM plants or have partners?

[ctrades31]

your soft cap is very high. $ 5 million, right? Tell me, what happens if you do not reach it? does the team have a plan for this?

I thought it was $25m for the softcap?

Darkoth89, I seen that light cap is 3000,000$ and softcap showing 5,000,000$. But what is the light cap and why they need it? About light cap I did not seen before this project.

Hi, ethtrader. Now it is quite a difficult time for ICO projects, cryptocurrencies and bitcoin are again at low rates, there are many projects in the market without a working idea and legal study but with a huge budget for marketing, so we have secured ourselves and divided our plans not into 2 stages - soft cap and hard cap, but into 3 stages:   Light, Soft and Hard. In all three versions, the project will be able to develop, but with different speed and power.

So that you mean to by using Light Cap concept it will take more easy raise funds? Another question is what will happen if they will reach Light Cap but not Soft Cap?

[jamzzz123]

For which dates alpha version is scheduled to run Crypto-cards?

Launch of the alpha version of cryptocurrency cards are planned on July, 27.2018 .

Wow that really isn't long for a big move forwards for CryptOCean - Very excited for end of July to see the progression

[Anilbg]

It is definitely interesting the way you want to integrate plastic crypto cards. It is not something that you usually see in these type of markets

Yeah, it's the first time i'm coming across it, if they successfully implement this it will surely make things easy for people especially those that aren't really conversant with Crypto trading, with the plastic crypto cards which is linked to your local bank account one can deposit and withdraw cash from your financial and crypto accounts in regular ATMs.

Yeah I think i have seen one carried out by a problem but unfortunately it was only used by the project president on demo, it never saw the light of the day, is cryptoOcean looking at doing a video of the plastic card when it is manufactured?

I think that is where they will have the advantage. If they focus on the cars and ATM it would really be something as of now there is a huge lack in such means where you can simply withdraw and deposit from an ATM. there is a huge gap between crypto and fiat.

This is the killer, making a nice connection between crypto and fiat from a cashpoint - that will be awesome I think it will come given amount of time once the market has stabilized a bit. When that will happen? I don't know.

I'm glad someone is seeing the bigger picture of what i've been talking about, when you talk about project that is offering something unique and beneficial, this is one of them, we've all wanted the people to embrace blockchain, well, this is one of such avenues that will propel that vision, all they have to do is stay focus and deliver what they promised

If I understood correctly, CryptoOcean is planning plastic card for crypto similar to what we have for Fiat currencies? This means CryptoOcean will act as gateway (like Visa) or only as a bank?

I believe so, the card can be used for all purpose, like a universal card for buying and selling, as stated on their whitepaper, so it will be like a gateway to purchase any cryptocurrency and get your conventional or fiat currency which can be transferred to your local bank account, the blockchain industry is trying to break that norm that they are just a virtual process but with upcoming projects like this, they are becoming more of a physical thing, which is lovely

This is actually a daring concept and tasking as well, what this does is that it will place blockchain in the map for good in the world as having real life applications and physical resources as well

How many tokens will this plastic card will support? Only CryptoOcean tokens or any tokens will do? How the conversion from one coin to other coin will be handled? I mean if I have CryptoOcean in my card and if vendor accepts only ETH then do I need to pay conversation charge?

[Ace44]

When the sales of tokens will start on exchanges??

Hello, markbo1210. Sales of tokens will start on December, 10.2018 .
When the ecosystem is fully-functioning that will protect from the rates fluctuations of CRON token.

This is really a very long time. but I see you have really thought of something. I think these decisions with the long ICO and the late listing are just right

But is not that long, December is around the corner, is just a couple of months, i'm only concerned more about the implementation of the whole process, if they judiciously implement the whole concept, then months will seem like days, as investors will be so comfortable with them to even notice the time-frame of the project

[gee777]

It is definitely interesting the way you want to integrate plastic crypto cards. It is not something that you usually see in these type of markets

Yeah, it's the first time i'm coming across it, if they successfully implement this it will surely make things easy for people especially those that aren't really conversant with Crypto trading, with the plastic crypto cards which is linked to your local bank account one can deposit and withdraw cash from your financial and crypto accounts in regular ATMs.

Yeah I think i have seen one carried out by a problem but unfortunately it was only used by the project president on demo, it never saw the light of the day, is cryptoOcean looking at doing a video of the plastic card when it is manufactured?

I think that is where they will have the advantage. If they focus on the cars and ATM it would really be something as of now there is a huge lack in such means where you can simply withdraw and deposit from an ATM. there is a huge gap between crypto and fiat.

This is the killer, making a nice connection between crypto and fiat from a cashpoint - that will be awesome I think it will come given amount of time once the market has stabilized a bit. When that will happen? I don't know.

I'm glad someone is seeing the bigger picture of what i've been talking about, when you talk about project that is offering something unique and beneficial, this is one of them, we've all wanted the people to embrace blockchain, well, this is one of such avenues that will propel that vision, all they have to do is stay focus and deliver what they promised

If I understood correctly, CryptoOcean is planning plastic card for crypto similar to what we have for Fiat currencies? This means CryptoOcean will act as gateway (like Visa) or only as a bank?

I believe so, the card can be used for all purpose, like a universal card for buying and selling, as stated on their whitepaper, so it will be like a gateway to purchase any cryptocurrency and get your conventional or fiat currency which can be transferred to your local bank account, the blockchain industry is trying to break that norm that they are just a virtual process but with upcoming projects like this, they are becoming more of a physical thing, which is lovely

This is actually a daring concept and tasking as well, what this does is that it will place blockchain in the map for good in the world as having real life applications and physical resources as well

How many tokens will this plastic card will support? Only CryptoOcean tokens or any tokens will do? How the conversion from one coin to other coin will be handled? I mean if I have CryptoOcean in my card and if vendor accepts only ETH then do I need to pay conversation charge?

I think it will have support for many currencies mainly erc20 tokens and you will pay conversion charges also.

[Erik Fox]

Expected to offer an electronic currency with many uses. I see the project providing electronic wallet services and plastic wallet . So you have to plan to build facilities ATM plants or have partners?

Thank you for your question.
Our partners are payment systems and finteh projects, for example, in white paper you can see some of them, with some we finish paper formalities and add information within 5-10 days.

[Owillz]

Answer me, pls. What happens if the tokens of Bounty campaign  are not fully distributed? Will they be destroyed???

By default, all unused tokens aught to be destroyed so yes they will. Unless the team have a better plan in mind though.

[iphy6013]

Answer me, pls. What happens if the tokens of Bounty campaign  are not fully distributed? Will they be destroyed???

By default, all unused tokens aught to be destroyed so yes they will. Unless the team have a better plan in mind though.

Yeah that's what usually happens, they can decide to allocate it as bonus to investors also but destroying them is much preferable might help increase the price.

[Erik Fox]

Answer me, pls. What happens if the tokens of Bounty campaign  are not fully distributed? Will they be destroyed???

By default, all unused tokens aught to be destroyed so yes they will. Unless the team have a better plan in mind though.

Yeah that's what usually happens, they can decide to allocate it as bonus to investors also but destroying them is much preferable might help increase the price.

If not all tokens will be distributed (due to the insufficient number of participants) these tokens will be given at the next stages of the ICO.