Din (OP)
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March 17, 2014, 08:32:00 PM Last edit: March 27, 2014, 04:57:10 AM by Din |
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Stage 1 ends on the 27th at 4PM EST In order to avoid the perils of premine we’ve decided to implement an IPO (Initial Public Offering) system. 15% of the coins will be alotted to investors. The following is a visual representation of the two investing phases: Stage 1 (10 days) - Stage 2 (20 days)
20% of the BTC and LTC we accumulate will be distributed to our developmental team as immediate payment for services and initial time investments. 30% will go towards subsidizing the creation of edgecoin. The remaining 50% exists to aid in the implementation of various services and advertising. The wallet is still in early beta and there's a lot of things to fix up/optimize - Give feedback so we can perfect this for you! Videos will be updated to reflect changes/improvements Trading/Mining demo - Soon Email us at edg@tech-center.com (once) if you would like to participate in our 0.05% giveaway. All we ask in return is your support, this does NOT mean spamming/excessively posting in this thread. This is an off-site giveaway, completely rule abiding. Also, 50k EDG will be awarded if you can translate this thread into any one of the language boards on this forum. Simply message us the translated text and we’ll take care of the posting. Remember, a lot of the images and titles you see in this thread link back to our site where you will find the majority of your concerns satisfied. Up until launch day we will be very actively monitoring this thread. After EDG launches and everything is steady our interaction will be limited however we’ll definitely be here to mend any issues that come up. For the time being, feel free to ask away and assist us in building a fanastic new coin.
Identity Due to a lot of concern I've decided to reveal my identity. My other team mates are not online at the moment, when they are I'll entice them to take this serious step forward. Investor ListRemember the IPO is proportional http://puu.sh/7AuMO/d8588e5dae.pngTo clarify, as of now (3/18/14) our very first and currently only investor holds 100% of the coins. This is no longer the case as we have more investors, just to clear the confusion the first investor does not permanently hold 100% of EDG Escrow Update: Funding now is always better and more helpful than later, but it's our mission to satisfy investors. If you still hold a modicum of doubt concerning EDG, use an escrow! You can invest in our direct wallet or choose to contact one of the many trusted escrow users on this forum like Anon136You are allowed to release your funds whenever, this includes right before or after launch. If you make an Escrow investment now (3/17 - 3/27) it will fall within Stage 1.
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Din (OP)
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March 17, 2014, 08:40:35 PM |
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Currently on standby to answer any questions or concerns ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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oxgroth
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March 17, 2014, 08:43:42 PM |
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seems it has all the things to make a coin to be a real success, except if its not another shiny IPO scam. I`d like to see resaults first to make an investment, if you could actually make this coin with implemented exchange into wallet.
I wish you best of luck
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Din (OP)
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March 17, 2014, 08:45:58 PM |
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seems it has all the things to make a coin to be a real success, except if its not another shiny IPO scam. I`d like to see resaults first to make an investment, if you could actually make this coin with implemented exchange into wallet.
I wish you best of luck
As mentioned in the OP near the bottom, we will be releasing a video. The first one will cover the basic sending of a transaction with a message attached, just a very straight forward demonstration. A couple days after that we'll be showing off the workings of the trade and mining (cgminer) tabs.
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oxgroth
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March 17, 2014, 08:54:54 PM |
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Just give us a demo wallet, that would be great enough to consider investing. It looks to good to be true mate, video is not acceptable
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oxgroth
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March 17, 2014, 08:56:56 PM |
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This coin combines everything, i have dreamed for in a coin. If its real and you make it real, this will be the coin to make it compete truely with btc, for now! I can give u fresh ideas PM me
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Din (OP)
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March 17, 2014, 08:59:03 PM |
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Just give us a demo wallet, that would be great enough to consider investing. It looks to good to be true mate, video is not acceptable
Unfortunately we can't distribute the functioning wallet around as that would give many individuals the potential to premine. The first video (2-3 days from now) will display the wallet and a test transaction. Besides that, we'll be here to update everyone on the coming developments.
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spankyminer
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March 17, 2014, 09:08:17 PM |
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Seems exactly like stackcoin + video.
2edgy4me
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Din (OP)
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March 17, 2014, 09:09:52 PM |
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Seems exactly like stackcoin + video.
2edgy4me
The events of stackcoin will continue to plague future IPO coins. However, I don't recall stackcoin releasing a functioning demo video, just some incomplete PS mockups. IPO's have their ups and downs, we'd like to remind people that there have been very successful coins out of it such as NXT and Redd
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edok
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March 17, 2014, 09:14:28 PM |
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Seems exactly like stackcoin + video.
2edgy4me
The events of stackcoin will continue to plague future IPO coins. However, I don't recall stackcoin releasing a functioning demo video, just some incomplete PS mockups. Scammers will have to one-up each other to stay ahead. Not saying this is a scam, but just because it hasn't been done before doesn't mean it's not. I'll be watching for more info. Exocoin is using Anon136 for Escrow. https://bitcointalk.org/index.php?topic=430467.1160Would you consider doing the same to assure your investors?
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SonofPegasus
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March 17, 2014, 09:16:03 PM |
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Guardedly Optimistic
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Din (OP)
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March 17, 2014, 09:16:50 PM |
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Seems exactly like stackcoin + video.
2edgy4me
The events of stackcoin will continue to plague future IPO coins. However, I don't recall stackcoin releasing a functioning demo video, just some incomplete PS mockups. Scammers will have to one-up each other to stay ahead. Not saying this is a scam, but just because it hasn't been done before doesn't mean it's not. I'll be watching for more info. Exocoin is using Anon136 for Escrow. https://bitcointalk.org/index.php?topic=430467.1160Would you consider doing the same to assure your investors? http://edgecoin.info/invest.html - Regarding your escrow question scroll down to "Note:" We'd be happy to answer further questions so please ask away, changes can also be made.
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edok
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March 17, 2014, 09:24:20 PM |
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http://edgecoin.info/invest.html - Regarding your escrow question scroll down to "Note:" We'd be happy to answer further questions so please ask away, changes can also be made. It would be helpful to know when the first phase ends and what info will be provided each phase so the investor can properly evaluate the the risk involved. I'm assuming the video will be released before phase 1 is over, will there be any other materials released before then?
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Din (OP)
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March 17, 2014, 09:29:13 PM |
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http://edgecoin.info/invest.html - Regarding your escrow question scroll down to "Note:" We'd be happy to answer further questions so please ask away, changes can also be made. It would be helpful to know when the first phase ends and what info will be provided each phase so the investor can properly evaluate the the risk involved. I'm assuming the video will be released before phase 1 is over, will there be any other materials released before then? Each phase will last 10 days, added the information, sorry for the inconvenience. Yes, the first video will be here around 2-3 days from now, the second video will be here in the same increment of time after the first video (2-3 days). If you feel there is a need for further materials, let us know and we'll be able to release some explanation for some of our features (mining/trading/messaging).
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oxgroth
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March 17, 2014, 09:34:30 PM |
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Dont start with investment phases, because we wont go to other phases
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DLow
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March 17, 2014, 09:34:58 PM |
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launch date?
edit: also please increase the block time.
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Din (OP)
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March 17, 2014, 09:36:08 PM |
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launch date?
http://edgecoin.info/faq.html - In regards to your question The date isn't concrete, but likely 1-1.5 months from now. It all depends on how much funding we pull. About the block time: This is something we've definitely been considering, seeing as the mining phase will be short we don't see it being a long term problem, you'll likely get more orphans during the first days but that's not a terrible outcome. Mintcoin did very well with its blocktime.
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Din (OP)
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March 17, 2014, 09:39:20 PM |
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Dont start with investment phases, because we wont go to other phases
You don't have to. It benefits early investors (the ones who take the biggest risk), it's only fair that such individuals receive a larger compensation. Plus, many people won't be on to EDG until latter phases. We're just trying to include as many people as possible.
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cryptohunter
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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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March 17, 2014, 09:42:03 PM |
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who is doing the escrow for this?
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Din (OP)
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March 17, 2014, 09:43:12 PM Last edit: March 19, 2014, 09:56:36 PM by Din |
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who is doing the escrow for this?
http://edgecoin.info/invest.html - As mentioned earlier, information regarding escrows is here ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Hoping to get Anon136 involved when the time comes. You can of course use btcrow.com as well.
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