SWARM project will be livestreaming its crowdsale launch! Monday 6/16 8pm Berlin

[DistributedBUZZ]

LIVESTREAM from Monday 6/16 8pm Berlin time (11am PST)
Swarm is a crowdfunding platform powered by Bitcoin 2.0 technology. It allows the users of a product to also be its investors. Everyone has a share in the success of the projects.

Starting on 17 June, Swarm will make 100 million SWARM coin available in a limited-time crowd sale running until 20 July.
The owner of a SWARM coin gets a percentage of the coins of every project that is launched on the Swarm network.

Join us http://swarmcorp.com/

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[mamarried]

Ah, radical. Always down for mysterious internet strangers offering brief experiences of simulated excitement. I'm in.

[JypsiCreme]

Is this similar to the book The Wave in any way? Either way, definately curious and interested. Keep me posted

[pikuchato]

Will we be able to invest with XCP ?

[DistributedBUZZ]

Will we be able to invest with XCP ?

Only Bitcoin

[jztxeno]

Looks like Maidsafe IPO imo + 4.000 BTC is alot

[fordlincoln]

anyone else tuning in?

[jztxeno]

Invested 0.5 BTC.

// I sent it from Blockchain.info how do I get my SWARM coins?

[DistributedBUZZ]

Invested 0.5 BTC.

// I sent it from Blockchain.info how do I get my SWARM coins?

Step 1: recover private key from blockchain.info
Step 2: make a counterwallet.co account
Step 3: "import funds" using the private key

The Swarm coins are created using CounterParty, and although it is recorded on the Bitcoin blockchain - to actually see the Swarm coins in your wallet, one must use the CounterParty wallet (I realize that this was not clear and I will include these details in the above announcement).

Once you import funds to the CounterParty wallet, this action will sweep the token balance effectively moving all Swarm coins from that address you sent BTC from into Counterparty

Please let us know if you experience any further issues

Thanks

[jztxeno]

Invested 0.5 BTC.

// I sent it from Blockchain.info how do I get my SWARM coins?

Step 1: recover private key from blockchain.info
Step 2: make a counterwallet.co account
Step 3: "import funds" using the private key

The Swarm coins are created using CounterParty, and although it is recorded on the Bitcoin blockchain - to actually see the Swarm coins in your wallet, one must use the CounterParty wallet (I realize that this was not clear and I will include these details in the above announcement).

Once you import funds to the CounterParty wallet, this action will sweep the token balance effectively moving all Swarm coins from that address you sent BTC from into Counterparty

Please let us know if you experience any further issues

Thanks

Thanks for your help.

I'll import the private keys now. Will I see my SWARM coins anytime?

[ethought]

From the Swarmcoin website:

We raise 10,000 BTC, 1/3 to salaries, 1/3 to SWARM coin launch funds, and the rest to Swarm Agents and miscellaneous.

So at todays rates you are basically planning to pay yourselves around $2,000,000 in salaries. 

Swarm’s projected 18-month expenses include developing the core infrastructure and usability to allow for the creation of new coins. With a full raise of 21,500 BTC, Swarm will be a true incubator, helping get projects and new coins off the ground.

So Swarm is raising 21,500 BTC to develop a platform that allows the creation of new coins?

Am I missing something here?

[DistributedBUZZ]

The portion of salaries allocated is for developing the business and the development team.

[aws]

So basically this is a Meta IPO
We have seen individual coin IPOs and we know that mostly they end badly.
This is an IPO of future IPOs (IPO squared?)
There is NO prospectus and no concrete information I can find about this "investment"
Investor Beware!

[Spoetnik]

i seen the coindesk story lol

nice attempt at renaming "IPO scams" lol

[Spoetnik]

So basically this is a Meta IPO
We have seen individual coin IPOs and we know that mostly they end badly.
This is an IPO of future IPOs (IPO squared?)
There is NO prospectus and no concrete information I can find about this "investment"
Investor Beware!

naw just renaming it to scam morons..

[Chang Hum]

From the Swarmcoin website:

We raise 10,000 BTC, 1/3 to salaries, 1/3 to SWARM coin launch funds, and the rest to Swarm Agents and miscellaneous.

So at todays rates you are basically planning to pay yourselves around $2,000,000 in salaries. 

Swarm’s projected 18-month expenses include developing the core infrastructure and usability to allow for the creation of new coins. With a full raise of 21,500 BTC, Swarm will be a true incubator, helping get projects and new coins off the ground.

So Swarm is raising 21,500 BTC to develop a platform that allows the creation of new coins?

Am I missing something here?

No they're using the existing platform Counterparty to create the new coins, I think the 21500 BTC is being used to create a super shiny website to promote launches on  fortunately at least one member of the team is a web designer so they can do this for free!

[Crypto_123]

I think you guys need to do a better job in explaining your business idea to the crowd of your crowdfunding campaign (i.e. me) what this whole thing is about. I saw a presentation in Berlin about it and I didn't really get it.

[fractastical]

The portion of salaries allocated is for developing the business and the development team.

More information here: https://docs.google.com/spreadsheets/d/1mqldBmLEVswmRb0Aje3A1myq4wKpaBc2-L_TtGNYTqA/edit#gid=1351254000

[Mrrr]

Perhaps a separate topic in which you bundle all information is useful. Couldn't find much on the website :/

I remember Oculus Rift and I see how Swarm could challenge the existing crowdfunding systems.

I also remember Ethereum's announcement and how they got slaughtered on these very forums.

I see a lot of "SCAM" being yelled at you already. So perhaps do a coordinated PR effort, before the trolls take over.

[fractastical]

Perhaps a separate topic in which you bundle all information is useful. Couldn't find much on the website :/

Good idea. I'll work on that this evening (still recovering from our launch party last night in Berlin).