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Author Topic: [ANN][PRE-ICO] Timechain MetaWallet + Exchange Token Sale is about to go LIVE!  (Read 6748 times)
CillaryHlinton
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July 17, 2018, 08:00:17 AM
 #101

will the unsold tokens be burnt?/

Most certainly yes,thats standard practice  now

It need to be done so it doesn't come to any misuse. Many do this that way.

There are some projects that do not burn their tokens so I guess they reuse them on further developement?

There are some, but its generally more insecure practice for the project.

The problem is, even if it's used for good purposed it still brings a level of distrust in the community and tjat's hard to shake of.

How do you mean? Why would it bring distrust?

Well,team members can just dump those unsold tokens on the exchange,and that way devalue the tokens bought by investors.
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TheRedKing
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July 17, 2018, 08:06:34 AM
 #102

will the unsold tokens be burnt?/

Most certainly yes,thats standard practice  now

It need to be done so it doesn't come to any misuse. Many do this that way.

There are some projects that do not burn their tokens so I guess they reuse them on further developement?

There are some, but its generally more insecure practice for the project.

The problem is, even if it's used for good purposed it still brings a level of distrust in the community and tjat's hard to shake of.

How do you mean? Why would it bring distrust?

Well,team members can just dump those unsold tokens on the exchange,and that way devalue the tokens bought by investors.

And that's why the usual practice is to burn them, to prevent dumps. Sure, if the project is really good and is going great then members are far less likely to dump, but you can't rely on that.
Katsouranis
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July 17, 2018, 08:13:34 AM
 #103

will the unsold tokens be burnt?/

Most certainly yes,thats standard practice  now

It need to be done so it doesn't come to any misuse. Many do this that way.

There are some projects that do not burn their tokens so I guess they reuse them on further developement?

There are some, but its generally more insecure practice for the project.

The problem is, even if it's used for good purposed it still brings a level of distrust in the community and tjat's hard to shake of.

How do you mean? Why would it bring distrust?

Well,team members can just dump those unsold tokens on the exchange,and that way devalue the tokens bought by investors.

And that's why the usual practice is to burn them, to prevent dumps. Sure, if the project is really good and is going great then members are far less likely to dump, but you can't rely on that.

Yeah,bad stuff happened in the past,so now everyone just goes  for burning,simple way to deal with that.
Sarma
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July 17, 2018, 11:38:40 AM
 #104

What is the price of 1 token,and is it pegged to ETH,or maybe fixed USD price?
BoDerek
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July 17, 2018, 11:51:45 AM
 #105

I see that your wallet will support more than 1000 cryptocurrencies?Does it mean only erc20 currencies,or others too?
Lognak
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July 17, 2018, 01:35:23 PM
 #106

I see that your wallet will support more than 1000 cryptocurrencies?Does it mean only erc20 currencies,or others too?

It does sound quite impressive Smiley is it possible to mix and match different types in the same wallet or do you need different wallets?
Nicolas9
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July 17, 2018, 06:47:26 PM
 #107

i think this is very wonderful project. i wish this project sucessfull like bitcoin.
james7854
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July 17, 2018, 07:26:54 PM
 #108

i think this is very wonderful project. i wish this project sucessfull like bitcoin.

Whoa....that would be a huge upset that something brings down bitcoin from the throne...but I don't think time-chain aims for that Smiley
sexymadafaka
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July 17, 2018, 07:33:19 PM
 #109

Making purchases and withdrawals directly from wallet is something I'm looking forward to here. It will be a great feature!
killer9966
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July 17, 2018, 07:43:02 PM
 #110

Making purchases and withdrawals directly from wallet is something I'm looking forward to here. It will be a great feature!

I agree, that will be a huge help over the existing practice!
banaynay
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July 17, 2018, 07:43:31 PM
 #111

i think this is very wonderful project. i wish this project sucessfull like bitcoin.

Whoa....that would be a huge upset that something brings down bitcoin from the throne...but I don't think time-chain aims for that Smiley

Its probably not going to be that dramatic. However if the project is led properly and developed in time it can be quite a stable coin.
djuro74556
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July 17, 2018, 08:14:09 PM
 #112

I think timechain covered a lot of good stuff. Looking forward to using that platform!
primbool
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July 17, 2018, 08:32:23 PM
 #113

I think timechain covered a lot of good stuff. Looking forward to using that platform!

I'm lookinf forward to finding out more about the project and possible features. Any videos from the team?
WhoWuWho
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July 17, 2018, 08:34:17 PM
 #114

Do we need to go through KYC to participate?
JeffTheMan
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July 17, 2018, 08:55:06 PM
 #115

Making purchases and withdrawals directly from wallet is something I'm looking forward to here. It will be a great feature!

Do we know how will fees look like for withdrawals?
innerDemon
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July 17, 2018, 09:01:07 PM
 #116

Making purchases and withdrawals directly from wallet is something I'm looking forward to here. It will be a great feature!

Do we know how will fees look like for withdrawals?

Hmm maybe its too early to define that, but I'm sure that the team will come up with something fair.
HulioIglesias
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July 17, 2018, 09:03:05 PM
 #117

Making purchases and withdrawals directly from wallet is something I'm looking forward to here. It will be a great feature!

Do we know how will fees look like for withdrawals?

Hmm maybe its too early to define that, but I'm sure that the team will come up with something fair.

This will be very important in order to be relevant and competetive. Fees are always the most important factor in the end.
cmdr1
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July 17, 2018, 09:04:29 PM
 #118

Making purchases and withdrawals directly from wallet is something I'm looking forward to here. It will be a great feature!

Do we know how will fees look like for withdrawals?

Hmm maybe its too early to define that, but I'm sure that the team will come up with something fair.

This will be very important in order to be relevant and competetive. Fees are always the most important factor in the end.

Those fees can definitely depend on a lot of things. The point is that the project cant really control all aspects.
Londondungeon
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July 17, 2018, 09:28:06 PM
 #119

Making purchases and withdrawals directly from wallet is something I'm looking forward to here. It will be a great feature!

Do we know how will fees look like for withdrawals?

Hmm maybe its too early to define that, but I'm sure that the team will come up with something fair.

This will be very important in order to be relevant and competetive. Fees are always the most important factor in the end.

Those fees can definitely depend on a lot of things. The point is that the project cant really control all aspects.

I'm sure that fees will be similar to other exchanges, nothing crazy, nothing revolutionary.Nothing wrong in choosing to go down the middle of the road to ensure project can live comfortably.
Mladiornitolog
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July 17, 2018, 09:31:25 PM
 #120

Will verification be required to use the services, like exchange?
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