[ANNOUNCING] XAP coin - Open-Source the Internet - API Marketplace

[fordlincoln]

Get XAP coin
- On June 18th starting at 11AM Central go here: www.buyxap.com
- Use Bitcoin to purchase your XAP coins
- Or pay with Mastercoin, the protocol used to create it

Could you explain that please ?

The relationship with the MSC Foundation is nothing beyond the fact that the API Network is building its functions on top of the Master Protocol.

[fordlincoln]

can you share the client before crowd sale.

Regarding the client, the founders have outlined the features of the API Network in this part of the whitepaper: https://github.com/DavidJohnstonCEO/APINetwork#features-of-the-api-network

We don't yet have a beta ready for release, our current stage of development is focused on the Data Module and Billing Module.
There is a google developer group available and we have an ongoing Skype chat.
Please PM me if you are interested

[fordlincoln]

he only way to obtain XAP is by waiting until the network is finished its Beta in the next year？

Or you can participate in the crowdsale next week

[mishax1]

Get XAP coin
- On June 18th starting at 11AM Central go here: www.buyxap.com
- Use Bitcoin to purchase your XAP coins
- Or pay with Mastercoin, the protocol used to create it

Could you explain that please ?

The relationship with the MSC Foundation is nothing beyond the fact that the API Network is building its functions on top of the Master Protocol.

Does that mean that I can buy XAP with MSC at the crowdsale ?

[TheMightyX]

From the whitepaper:

Use of the XBT (BTC) from the Crowdsale Event


• Buy the intellectual property and codebase to jump start the development of the API Network from Engine Inc. (website www.Engine.co) related to API and IMAP interfaces and then open source that code to the API community. Cost 900 XBT (BTC) and 2,000,000 API Coins (XAP) to be generated at the end of the crowdsale event.

• Buy additional intellectual property and codebase related to Exchange and other common data standards and open soure it the API community.

• Buy crypto currency in the protocols that API Network is built on top of. For example after the purchase of intellecual property and code from API services as described above, 25% of the remaining XBT (BTC) collcected during crowdsale will be used to puchase MSC, SAFE, and any other digital token that it functions on top of in order for the API Network to hold a stake in the platforms it is built on top of. Thus holding a mix of XBT (BTC), MSC and SAFE provides the API Network with a longterm stake in the future of these protocols.

• Engage core developers to work full time to impliment the API Network protocol into a functional client. The Role Based Bounty system will be engaged to accomplish this.

• Engage community members in bounties and challenges build up the number and type of APIs available on the API Network.

So... you are going to use the money you get to buy the software from other people instead of making something new. Then you are going to use the remaining money to buy BTC, MSC and SAFE coins for yourself?

wow.

I would like to take this time to remind everyone that it is very risky to invest in an IPO without escrow or a prototype of any sort. Any one of us can easily go on the mastercoin exchange and create an arbitrary number of fictional tokens, write up an IPO and sell them.

If these folks are developing something for MAIDSAFE then they will have been in contact with the MAIDSAFE team and David Irvine should be able to vouch for this projects authenticity.

[YNWA2806]

From the whitepaper:

Use of the XBT (BTC) from the Crowdsale Event


• Buy the intellectual property and codebase to jump start the development of the API Network from Engine Inc. (website www.Engine.co) related to API and IMAP interfaces and then open source that code to the API community. Cost 900 XBT (BTC) and 2,000,000 API Coins (XAP) to be generated at the end of the crowdsale event.

• Buy additional intellectual property and codebase related to Exchange and other common data standards and open soure it the API community.

• Buy crypto currency in the protocols that API Network is built on top of. For example after the purchase of intellecual property and code from API services as described above, 25% of the remaining XBT (BTC) collcected during crowdsale will be used to puchase MSC, SAFE, and any other digital token that it functions on top of in order for the API Network to hold a stake in the platforms it is built on top of. Thus holding a mix of XBT (BTC), MSC and SAFE provides the API Network with a longterm stake in the future of these protocols.

• Engage core developers to work full time to impliment the API Network protocol into a functional client. The Role Based Bounty system will be engaged to accomplish this.

• Engage community members in bounties and challenges build up the number and type of APIs available on the API Network.

So... you are going to use the money you get to buy the software from other people instead of making something new. Then you are going to use the remaining money to buy BTC, MSC and SAFE coins for yourself?

wow.

I would like to take this time to remind everyone that it is very risky to invest in an IPO without escrow or a prototype of any sort. Any one of us can easily go on the mastercoin exchange and create an arbitrary number of fictional tokens, write up an IPO and sell them.

If these folks are developing something for MAIDSAFE then they will have been in contact with the MAIDSAFE team and David Irvine should be able to vouch for this projects authenticity.

+1

putting aside the concerns for a minute, any estimation regarding the ratio of return at the crowd sale?
meaning what difference will there be investing in MSC or BTC?

[mishax1]

@TheMightyX  Do you think the mastercoin foundation just let any unknown project to be listed for a crowdsale, the first fake project to do what you just said will be a disaster for the mastercoin protocol.

[fordlincoln]

From the whitepaper:

Use of the XBT (BTC) from the Crowdsale Event


• Buy the intellectual property and codebase to jump start the development of the API Network from Engine Inc. (website www.Engine.co) related to API and IMAP interfaces and then open source that code to the API community. Cost 900 XBT (BTC) and 2,000,000 API Coins (XAP) to be generated at the end of the crowdsale event.

• Buy additional intellectual property and codebase related to Exchange and other common data standards and open soure it the API community.

• Buy crypto currency in the protocols that API Network is built on top of. For example after the purchase of intellecual property and code from API services as described above, 25% of the remaining XBT (BTC) collcected during crowdsale will be used to puchase MSC, SAFE, and any other digital token that it functions on top of in order for the API Network to hold a stake in the platforms it is built on top of. Thus holding a mix of XBT (BTC), MSC and SAFE provides the API Network with a longterm stake in the future of these protocols.

• Engage core developers to work full time to impliment the API Network protocol into a functional client. The Role Based Bounty system will be engaged to accomplish this.

• Engage community members in bounties and challenges build up the number and type of APIs available on the API Network.

So... you are going to use the money you get to buy the software from other people instead of making something new. Then you are going to use the remaining money to buy BTC, MSC and SAFE coins for yourself?

wow.

I would like to take this time to remind everyone that it is very risky to invest in an IPO without escrow or a prototype of any sort. Any one of us can easily go on the mastercoin exchange and create an arbitrary number of fictional tokens, write up an IPO and sell them.

If these folks are developing something for MAIDSAFE then they will have been in contact with the MAIDSAFE team and David Irvine should be able to vouch for this projects authenticity.

Hello and thank you for your post - to clarify we are not releasing XAP coin to buy software from anyone. We are actually taking the proprietary software created by the people behind this project and open-sourcing it. In effect, taking what was newly created and innovating it.

Indeed the founders are actively working with David Irvine and the team at Maidsafe and can authenticate the people behind this project.

Regarding your question, the API network will be a layer on top of Bitcoin, Mastercoin, and  Maidsafe - the project will dedicate money back into the network itself, to support the needed infrastructure as the API network grows. We believe this re-investment of Bitcoin into the technology we seek to co-create will drive the value of the XAP coin, while at the same time its interaction with other projects like Swarm, Ethereum, and CounterParty will provide a connected experience between all platforms. This proposal would require the project to purchase these other cryptocurrencies, but they are certainly not for the intent of personal gain.

indeed the people launching this project are working with David Irvine from the Maidsafe project.

[bitwhizz]

watch

i read the white paper,
i still don;t understand why XAP coins gain value, or hold value
have i missed out on something?

[tiger5056]

at what price going to open for 1 XAP?

[fordlincoln]

watch

i read the white paper,
i still don;t understand why XAP coins gain value, or hold value
have i missed out on something?

Hey thanks for the input, we're always trying to understand how to explain the process better. The XAP coins will gain in value as the network grows, its value will be established through the crowdsale according to slide 6:

https://docs.google.com/a/distributed.buzz/file/d/0Bw_D-1wK1JG_SWNpa3dCV0NoU1U/image?pagenumber=7&w=138

[bitwhizz]

watch

i read the white paper,
i still don;t understand why XAP coins gain value, or hold value
have i missed out on something?

Hey thanks for the input, we're always trying to understand how to explain the process better. The XAP coins will gain in value as the network grows, its value will be established through the crowdsale according to slide 6:

https://docs.google.com/a/distributed.buzz/file/d/0Bw_D-1wK1JG_SWNpa3dCV0NoU1U/image?pagenumber=7&w=138

Seen slide 6,
that explains how the value is dispersed,
however what inherently gives XAP coin value,
more so than any other alt coin
why does it gain value as the network grows, is it to do with it being used for API services?
will apps need the coin in order to join the API network?

[giveBTCpls]

wtf is this

[blackhatzw]

When crowd sale ends and XAP are not sold out, what will you deal with the left ones?

[DistributedBUZZ]

watch

i read the white paper,
i still don;t understand why XAP coins gain value, or hold value
have i missed out on something?

Hey thanks for the input, we're always trying to understand how to explain the process better. The XAP coins will gain in value as the network grows, its value will be established through the crowdsale according to slide 6:

https://docs.google.com/a/distributed.buzz/file/d/0Bw_D-1wK1JG_SWNpa3dCV0NoU1U/image?pagenumber=7&w=138

Seen slide 6,
that explains how the value is dispersed,
however what inherently gives XAP coin value,
more so than any other alt coin
why does it gain value as the network grows, is it to do with it being used for API services?
will apps need the coin in order to join the API network?

- XAP coin will have value because it is based on proprietary technology, backed by a registered company: engine.co
- the value will increase over time as the network assets increase, there is a direct correlation between the size of the network and the value of each coin

"why does it gain value as the network grows, is it to do with it being used for API services? "
Correct - XAP coin is only paid to developers who list their apps on the marketplace, and when those apps are chosen by end users. The token system in the api network allows web service owners to get api coin from developers using their apis in their apps and then end users use those apps, creating the marketplace economy

"will apps need the coin in order to join the API network? "
No - to list your app on the network you only need register for the Beta or participate in the release

[DistributedBUZZ]

wtf is this

Its a cryptocurrency that combines Bitcoin + Mastercoin + Maidsafe

[komodovpn]

this is fucking dumb

[platorin]

Lack of information, probably a scam, since all you offer people are coins for sale.

[mishax1]

Lack of information, probably a scam, since all you offer people are coins for sale.

LOL, you MUST be an expert!

Ninja start and premine. Nothing new here.

SCAM ALERT!!!

Complexity of your IPO is amazing. This "project" has absolutely nothing new to offer, and it makes me sad to say that, but:

SCAM ALERT!!!

Another topic. 100% premine, IPO and nothing new to offer.

SCAM ALERT!!!

Unannaunced premine and ninja start?

SCAM ALERT!!!

30% premine with nothing new that your coin offers only give you this:

SCAM ALERT!!!

[/b]

SCAM ALERT!!!

Stay away from this coin and do not invest any money.

[sottymax]

strange - whitepaper link not working.