Getadaaa
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March 20, 2019, 09:36:21 PM |
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I think the rewards will be paid either in ETH or in BTC. Since team member is present here, he/she can answer our query here. Thanks.
I guess Eth because it’s smart contract is on Ethereum blockchain. I think they’ll add more options soon. |
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frcat
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March 20, 2019, 09:37:38 PM |
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I cant understand why we should to pay for KYC? And why you have 95% of tokens for tokens sale? You dont have tokens for community building?
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Kinkadeinspired
Copper Member
Jr. Member
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Activity: 644
Merit: 1
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March 20, 2019, 10:25:02 PM |
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I think the rewards will be paid either in ETH or in BTC. Since team member is present here, he/she can answer our query here. Thanks.
I guess Eth because it’s smart contract is on Ethereum blockchain. I think they’ll add more options soon. Naturally, dividends should be paid in the mined coin but will be very arduous on the team, cumulating the total value of dividends and paying them in one currency (preferably ETH or BTC) will be ideal. But as the guy above said, let's wait for official information on this. |
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MinedBlock_Paul
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Activity: 154
Merit: 0
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March 21, 2019, 08:51:03 AM |
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I think the rewards will be paid either in ETH or in BTC. Since team member is present here, he/she can answer our query here. Thanks.
I guess Eth because it’s smart contract is on Ethereum blockchain. I think they’ll add more options soon. Naturally, dividends should be paid in the mined coin but will be very arduous on the team, cumulating the total value of dividends and paying them in one currency (preferably ETH or BTC) will be ideal. But as the guy above said, let's wait for official information on this. Hi, Yes I can confirm that the monthly payout will be sent to whitelisted wallets in ETH, we possibly look into future changes but not without a poll created for the MinedBlock community to have their say |
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Sozialtourist
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March 21, 2019, 09:52:47 AM
Last edit: March 21, 2019, 10:11:31 AM by Sozialtourist |
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I cant understand why we should to pay for KYC? And why you have 95% of tokens for tokens sale? You dont have tokens for community building?
What do you mean exactly with 'community building'? Are you referring to a bounty program? I guess it would have been a regulatory nightmare to give away free security tokens for tasks like retweeting, wearing a signature here in the forum etc. That's probably why they have none but that shouldn't be that bad. Don't bounty hunters have the disreputability to dump their tokens at the first best opportunity? |
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MinedBlock (OP)
Copper Member
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Activity: 112
Merit: 0
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March 21, 2019, 01:28:14 PM |
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I cant understand why we should to pay for KYC? And why you have 95% of tokens for tokens sale? You dont have tokens for community building?
The charge for KYC is also just a pre-purchase of some discounted tokens. We are doing this to remove the risk of people going through KYC which has a cost to us and then not investing. Thus wasting funds that can be used productively elsewhere. I would understand the issue if we were charging a huge fee but $2 only just covers the cost of the check and you get it back in tokens anyway. 95% of tokens are available for the community and investors |
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Sozialtourist
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March 21, 2019, 03:48:12 PM |
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I just saw in your whitepaper that you also have the plan to acquire and run masternodes? Is this only planned for later on or will you try to set-up masternodes right when you start mining? And which coins with masternodes will you chose?
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gee777
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March 21, 2019, 06:30:41 PM |
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I cant understand why we should to pay for KYC? And why you have 95% of tokens for tokens sale? You dont have tokens for community building?
The charge for KYC is also just a pre-purchase of some discounted tokens. We are doing this to remove the risk of people going through KYC which has a cost to us and then not investing. Thus wasting funds that can be used productively elsewhere. I would understand the issue if we were charging a huge fee but $2 only just covers the cost of the check and you get it back in tokens anyway. 95% of tokens are available for the community and investors I have 2 questions. Has this strategy really worked out for you guys and secondly won't this be misread as a forced way of taking part in the token sale? |
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dcoolguy84
Copper Member
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Activity: 425
Merit: 0
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March 21, 2019, 08:16:35 PM |
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Right, me too think pre-sale will continue untill ico goes on. Once finished then we will come to know soft/hard cap reached or not.
Presale will go on until March end. This is what I remember from popular ICO review sites when I saw the project first. I must commend Minedblock team on getting a good rating on most popular ICO Review sites. I hope Minedblock team gives more updates on progress of the token sales. I was searching for some info on this but no much promotional events visible on social sites. can anyone share some recent links? |
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JooBra
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March 21, 2019, 08:25:04 PM |
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Same case with me, searched on facebook and instagram and nothing :/
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nxnqauff
Member
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Activity: 840
Merit: 17
PG-PAY Gold Backed Token
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March 21, 2019, 10:38:31 PM |
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I cant understand why we should to pay for KYC? And why you have 95% of tokens for tokens sale? You dont have tokens for community building?
' Scammers typically won't pay for KYC. In this way, project can screen upto certain extent. |
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ganeshramk
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March 21, 2019, 10:44:33 PM |
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I think the rewards will be paid either in ETH or in BTC. Since team member is present here, he/she can answer our query here. Thanks.
I guess Eth because it’s smart contract is on Ethereum blockchain. I think they’ll add more options soon. May be when the main sales starts we can see multiple options. In 10 days, mainsale will start and we will come to know very soon. |
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Sozialtourist
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March 22, 2019, 08:54:44 AM |
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I think the rewards will be paid either in ETH or in BTC. Since team member is present here, he/she can answer our query here. Thanks.
I guess Eth because it’s smart contract is on Ethereum blockchain. I think they’ll add more options soon. May be when the main sales starts we can see multiple options. In 10 days, mainsale will start and we will come to know very soon. He was asking for the payment of the mining profits, not which currencies are available if you want to invest in their STO. And I think it has been stated already (even in the whitepaper) that they will pay out in ETH at first with the possibility to change this if the community wants to. |
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MinedBlock_Paul
Newbie
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Activity: 154
Merit: 0
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March 22, 2019, 09:35:04 AM |
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I just saw in your whitepaper that you also have the plan to acquire and run masternodes? Is this only planned for later on or will you try to set-up masternodes right when you start mining? And which coins with masternodes will you chose?
The Initial focus will primarily be on building the farm and achieving a functional operation, then as soon as this process is complete Masternodes will be on the agenda. |
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MinedBlock_Paul
Newbie
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Activity: 154
Merit: 0
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March 22, 2019, 09:42:18 AM |
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I cant understand why we should to pay for KYC? And why you have 95% of tokens for tokens sale? You dont have tokens for community building?
The charge for KYC is also just a pre-purchase of some discounted tokens. We are doing this to remove the risk of people going through KYC which has a cost to us and then not investing. Thus wasting funds that can be used productively elsewhere. I would understand the issue if we were charging a huge fee but $2 only just covers the cost of the check and you get it back in tokens anyway. 95% of tokens are available for the community and investors I have 2 questions. Has this strategy really worked out for you guys and secondly won't this be misread as a forced way of taking part in the token sale? Firstly we are working with a couply of marketing strategies currently so the reasoning behind a slow Pre-Sale could be many things but we don't believe a $2 charge (reimbursed with MBTX) is really an obstacle. Secondly I cannot see how this can "force" anyone into participation, As mentioned before our aim here is to alleviate unecessary costs (KYC being one of many) to bring you a profitable and sustainable service, we believe our business model, experienced team and work ethic will do just this. |
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Sozialtourist
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March 22, 2019, 11:23:02 AM |
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I cant understand why we should to pay for KYC? And why you have 95% of tokens for tokens sale? You dont have tokens for community building?
The charge for KYC is also just a pre-purchase of some discounted tokens. We are doing this to remove the risk of people going through KYC which has a cost to us and then not investing. Thus wasting funds that can be used productively elsewhere. I would understand the issue if we were charging a huge fee but $2 only just covers the cost of the check and you get it back in tokens anyway. 95% of tokens are available for the community and investors I have 2 questions. Has this strategy really worked out for you guys and secondly won't this be misread as a forced way of taking part in the token sale? Firstly we are working with a couply of marketing strategies currently so the reasoning behind a slow Pre-Sale could be many things but we don't believe a $2 charge (reimbursed with MBTX) is really an obstacle. Secondly I cannot see how this can "force" anyone into participation, As mentioned before our aim here is to alleviate unecessary costs (KYC being one of many) to bring you a profitable and sustainable service, we believe our business model, experienced team and work ethic will do just this. Especially when you think that there is no other reason than investing to do the KYC. No bounty participants that are forced to pay the 2$, no airdrops etc. So you'd only do KYC when you are really interested to invest. |
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MinedBlock_Paul
Newbie
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Activity: 154
Merit: 0
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March 22, 2019, 02:03:22 PM |
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Sozialtourist
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March 23, 2019, 07:00:58 PM |
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I just saw in your whitepaper that you also have the plan to acquire and run masternodes? Is this only planned for later on or will you try to set-up masternodes right when you start mining? And which coins with masternodes will you chose?
The Initial focus will primarily be on building the farm and achieving a functional operation, then as soon as this process is complete Masternodes will be on the agenda. Do you already know which masternode coins you will buy? I see there are quite a lot of them but it also seems like most of them are just clones with no real project behind them. |
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