TheMightyX
Sr. Member
 Offline
Activity: 350
Merit: 250
Vires in Numeris
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March 24, 2014, 07:30:55 AM |
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[...]
However I can tell you that there will be an upper cap [for the second stage] so that there won't be 500btc. [...] We will send an "ok" back to you first ([...] if upper cap is not reached yet).
I hope this process will be acceptable for most of you. I would see the upper cap at 250BTC.
imo setting an upper cap for the second stage strongly contradicts the following ideas: Fairness & Transparency [...] We want to spread and split EXO as much as possible among the community! [...] A widley spread initial handover (achieved by the 1.5 BTC / 50 LTC cap) prevents from someone (and from us) dumping large amounts of EXO once it hits an exchange! NXT vs eXocoin [...] We don't want to blame NXT. It has great innovation! What we are concerned of is that about 75 people are holding the vast majority of the whole crypto. That is what we want to change with eXocoin. The wider it spreads the better!moreover an upper cap of 250 btc means that an early bird investoer would still get the 1,81-fold for the same money as a second stage investor assmuming the cap will be reached, which i personally don't consider a fair distribution. i mean 81% more coins for the same investment only because someone has been an early bird, come on. however it is clear that an early bird investors should get more for his money than a second stage investor, something around 20% sounds reasonable and fair to me. but achieving that number by using an upper cap for the second stage would mean you will have to set it as 165,2 btc if you strictly consider the spreading plan of 23.5% for the early birds and 18.5% for the second ipo stage. this sounds like a bad idea, too, of course. imho the fairest way to guarantee a widely distribution is as follows: set a fixed number of what you want an early bird investor to get more for the same money, say 20% for example. organize the second stage of the ipo without a total upper cap, but sill using the upper cap of 1.5 btc per user for both stages, of course. run the second stage as long as possible and try to spread the word so that most people that are into cryptocurrencies have at least heard of it. finally calculate the coins each investor will receive as follows: (1.2 * early bird investment + second stage investment)/(1.2 * all early bird investments + all second stage investments) * 42000000 note that this way of distributing the coins guarantees that an early bird investorg gets exaclty the 1.2-fold for the same money no matter how much is raised in the second stage. Or simply do away with the stage 1/stage 2 system entirely. Even if people invest into stage 2, the coin still hasn't been released, they are not risking any more or less than stage 1 investors. Anyway, the solution provided by kingbtcvl does seem to solve that problem while keeping all respective parties happy. First stage investors get their little bonus while second stage investors don't get shafted. |
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raymarius
Member
Offline
Activity: 81
Merit: 10
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March 24, 2014, 10:21:58 AM |
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[...]
However I can tell you that there will be an upper cap [for the second stage] so that there won't be 500btc. [...] We will send an "ok" back to you first ([...] if upper cap is not reached yet).
I hope this process will be acceptable for most of you. I would see the upper cap at 250BTC.
imo setting an upper cap for the second stage strongly contradicts the following ideas: Fairness & Transparency [...] We want to spread and split EXO as much as possible among the community! [...] A widley spread initial handover (achieved by the 1.5 BTC / 50 LTC cap) prevents from someone (and from us) dumping large amounts of EXO once it hits an exchange! NXT vs eXocoin [...] We don't want to blame NXT. It has great innovation! What we are concerned of is that about 75 people are holding the vast majority of the whole crypto. That is what we want to change with eXocoin. The wider it spreads the better!moreover an upper cap of 250 btc means that an early bird investoer would still get the 1,81-fold for the same money as a second stage investor assmuming the cap will be reached, which i personally don't consider a fair distribution. i mean 81% more coins for the same investment only because someone has been an early bird, come on. however it is clear that an early bird investors should get more for his money than a second stage investor, something around 20% sounds reasonable and fair to me. but achieving that number by using an upper cap for the second stage would mean you will have to set it as 165,2 btc if you strictly consider the spreading plan of 23.5% for the early birds and 18.5% for the second ipo stage. this sounds like a bad idea, too, of course. imho the fairest way to guarantee a widely distribution is as follows: set a fixed number of what you want an early bird investor to get more for the same money, say 20% for example. organize the second stage of the ipo without a total upper cap, but sill using the upper cap of 1.5 btc per user for both stages, of course. run the second stage as long as possible and try to spread the word so that most people that are into cryptocurrencies have at least heard of it. finally calculate the coins each investor will receive as follows: (1.2 * early bird investment + second stage investment)/(1.2 * all early bird investments + all second stage investments) * 42000000 note that this way of distributing the coins guarantees that an early bird investorg gets exaclty the 1.2-fold for the same money no matter how much is raised in the second stage. Or simply do away with the stage 1/stage 2 system entirely. Even if people invest into stage 2, the coin still hasn't been released, they are not risking any more or less than stage 1 investors. Anyway, the solution provided by kingbtcvl does seem to solve that problem while keeping all respective parties happy. First stage investors get their little bonus while second stage investors don't get shafted. second round investment did not even begin, if they invest they are investing after all available information, if they feel shafted they are willingly getting shafted lol  . its not comparable at all. |
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TwinWinNerD
Legendary
Offline
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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March 24, 2014, 11:37:47 AM |
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If someone wants to buy my stake in the "early bird" investment phase 1 (In this phase your invested money will receive significantly MORE coins)---> I have 50 LTC in escrow
PM me with an offer in BTC or LTC
(PS: No i am not selling for exactely 50 LTC...., also escrow is fine)
why do u want to sell? riskless profit |
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rramires
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March 24, 2014, 12:22:36 PM |
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[...]
However I can tell you that there will be an upper cap [for the second stage] so that there won't be 500btc. [...] We will send an "ok" back to you first ([...] if upper cap is not reached yet).
I hope this process will be acceptable for most of you. I would see the upper cap at 250BTC.
imo setting an upper cap for the second stage strongly contradicts the following ideas: Fairness & Transparency [...] We want to spread and split EXO as much as possible among the community! [...] A widley spread initial handover (achieved by the 1.5 BTC / 50 LTC cap) prevents from someone (and from us) dumping large amounts of EXO once it hits an exchange! NXT vs eXocoin [...] We don't want to blame NXT. It has great innovation! What we are concerned of is that about 75 people are holding the vast majority of the whole crypto. That is what we want to change with eXocoin. The wider it spreads the better!moreover an upper cap of 250 btc means that an early bird investoer would still get the 1,81-fold for the same money as a second stage investor assmuming the cap will be reached, which i personally don't consider a fair distribution. i mean 81% more coins for the same investment only because someone has been an early bird, come on. however it is clear that an early bird investors should get more for his money than a second stage investor, something around 20% sounds reasonable and fair to me. but achieving that number by using an upper cap for the second stage would mean you will have to set it as 165,2 btc if you strictly consider the spreading plan of 23.5% for the early birds and 18.5% for the second ipo stage. this sounds like a bad idea, too, of course. imho the fairest way to guarantee a widely distribution is as follows: set a fixed number of what you want an early bird investor to get more for the same money, say 20% for example. organize the second stage of the ipo without a total upper cap, but sill using the upper cap of 1.5 btc per user for both stages, of course. run the second stage as long as possible and try to spread the word so that most people that are into cryptocurrencies have at least heard of it. finally calculate the coins each investor will receive as follows: (1.2 * early bird investment + second stage investment)/(1.2 * all early bird investments + all second stage investments) * 42000000 note that this way of distributing the coins guarantees that an early bird investorg gets exaclty the 1.2-fold for the same money no matter how much is raised in the second stage. Stop crying Nxt had few initial investors who took everything, we already have a ~200 in the 1st stage, will have more in the second and 50% will be mined and 4% donation. I also wanted to have a time machine to go back and be one of the first investors NxT. Or rather I wanted to go with 50 boards current video or ASIC 1TH to 2009 for bitcoin mining. The business is going forward, which was set will not be changed for less in favor of those who came later. Invest in escrow, if you feel that is not fair when finished 2nd phase just ask refund before distribution! I have an idea to launch a new currency that meets all desires: "CommunistCoin the currency that whenever someone new enters everyone's money that is invested previously divided again."  |
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powerfull
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March 24, 2014, 05:14:37 PM |
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design some logo for EXO , which one is better??  |
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powerfull
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March 24, 2014, 05:20:56 PM |
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the background will change to white but not black  |
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funnynews
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March 25, 2014, 12:59:40 AM |
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The best of Ms Paint! 
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pudong
Newbie
Offline
Activity: 11
Merit: 0
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March 25, 2014, 01:04:02 PM |
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What time is the second round？ |
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gs02xzz
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March 25, 2014, 01:09:10 PM |
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any comments on the white paper?
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hala
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March 25, 2014, 02:34:37 PM |
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What time is the second round？ The open beta will be launched at 31th March, second round will be at 2th April if open beta launched success |
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hala
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March 25, 2014, 02:36:02 PM |
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Thanks for powerfull drawing so many eXo logo, you are genius.
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BitcoinForumator
Legendary
Offline
Activity: 1120
Merit: 1000
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March 25, 2014, 03:14:46 PM |
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I can't see any of these logos (from powerfull)
Can you post them somewhere else? Preferrably on a single link.
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Bouwens
Member
Offline
Activity: 69
Merit: 10
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March 25, 2014, 03:22:37 PM |
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Nice logo.
Far better than the original one.
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eXo_coin (OP)
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March 25, 2014, 07:17:09 PM |
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1. FAQ started 2. kodtycoon has pulled out. check spreadsheet for details.
Thank you Anon for notification. Changed. 3. Logo suggestions: Thank you for all the nice logo suggestion of the past days! We will preselect and make a vote about it then in some days 4. PBKDF2 (hashing pass many times before encrypting with AES) will be implemented soon (before beta launches) 5. EC will be (fully) implemented soon 6. decentral market within GUI: we are going to try to implement that after open beta and I hope that we will implement it before the launch but might be delayed. First we are going to target BTC<->EXO only. Adding more coins later on might be an option. 7. Website redesign will be targeted soon as well |
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