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SyRenity
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June 30, 2014, 03:09:19 PM
Last edit: June 30, 2014, 04:05:13 PM by SyRenity |
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15% premine?
the premine is too damn high. Especially when you consider the fact that there will be an IPO. Seems like devs are really greedy. Premine should only be an option if IPO won't reach any significant amount. I don't see why devs should be rewarded twice, plus the possibility of dumping puts the whole project at jeopardy. No matter how good the intentions of devs are, such a significant premine will put off any sensible investor and cause a lot of FUD in community. As it was both written in the OP and explained several times, the raised funds will be transparently managed by the foundation, consisting from both the launch team members and the community members. The developers and the original investor will only receive 15%, as compensation for their risks and hard work, and as motivation to keep working and advancing the Crypti protocol. |
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g3rszpi
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June 30, 2014, 03:21:28 PM |
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Noob question lvl over 9000 . Proof of Identity means that I prove my identity with my documents and then i get a stake?
There will be a well-documented KYC process, allowing the merchants to link their address to real world verification. This will be implemented via custom blockchain on top of Crypti, and we will post details once we finalize the process. That means that i can get a stake without pre-buying? |
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SyRenity
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June 30, 2014, 03:24:13 PM |
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That means that i can get a stake without pre-buying?
You can always buy Crypti from holder in a private transaction, off exchange (once listed) or if you have a business and you would be interested to join Crypti merchants circle. |
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Eagle_Silver
Newbie
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Activity: 15
Merit: 0
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June 30, 2014, 03:25:15 PM |
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I suggest that you increase the total number of coins to 1B or 10B because the higher total number of coins will make the price of per unit much cheaper and more affordable and increase the value of the coins in trading.
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Neo.op
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June 30, 2014, 04:00:25 PM |
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15% premine?
the premine is too damn high. Especially when you consider the fact that there will be an IPO. Seems like devs are really greedy. Premine should only be an option if IPO won't reach any significant amount. I don't see why devs should be rewarded twice, plus the possibility of dumping puts the whole project at jeopardy. No matter how good the intentions of devs are, such a significant premine will put off any sensible investor and cause a lot of FUD in community. As it was both written in the OP and explained several times, the raised funds will be transparently managed by the foundation, consisting from both the launch team members and the community members. The developers and the original investor will only receive 15% + 0%-10% (based on the raised amount), as compensation for their risks and hard work, and as motivation to keep working and advancing the Crypti protocol. Wait, what?! From what I understood from OP and Grexx was that 0-10% was earmarked for development purposes going ahead and managed by the community and not "received" by anyone. So now everyone's stakes are raised to 15-25%. |
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SyRenity
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June 30, 2014, 04:04:39 PM |
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Wait, what?! From what I understood from OP and Grexx was that 0-10% was earmarked for development purposes going ahead and managed by the community and not "received" by anyone.
Correct, my mistake (fixed in post above). |
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catarinman
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Activity: 18
Merit: 0
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June 30, 2014, 04:30:17 PM |
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Tried to read op but no date for presale? just "soon"? could be a day or a month?
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MEGAman
Sr. Member
Offline
Activity: 462
Merit: 250
I'm gonna clean up this town
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June 30, 2014, 04:35:10 PM |
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15% premine. All you need to know. 15% premine + IPO. This thing will be worthless within a week at MintPal.
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Coinr88
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June 30, 2014, 04:35:24 PM |
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What is the problem with the escrow ?
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PilotofBTC
Legendary
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Activity: 1736
Merit: 1001
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June 30, 2014, 04:38:45 PM |
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15% premine. All you need to know. 15% premine + IPO. This thing will be worthless within a week at MintPal.
Actually, it is 100% pre-mine.  |
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iGoodw1n
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June 30, 2014, 04:40:41 PM |
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15% premine. All you need to know. 15% premine + IPO. This thing will be worthless within a week at MintPal.
15% for devs + 0%-10% for future development. |
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MEGAman
Sr. Member
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Activity: 462
Merit: 250
I'm gonna clean up this town
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June 30, 2014, 04:42:00 PM |
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15% premine. All you need to know. 15% premine + IPO. This thing will be worthless within a week at MintPal.
Actually, it is 100% pre-mine. True. Plus how easy would it be for him to toss BTC of his own in the pot - it's not like he doesn't keep it anyway. "Another billion shares to Frank!" |
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meccoin4me
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June 30, 2014, 04:44:43 PM |
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i try to use it but the site is off?  ? |
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Lordoftherigs
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June 30, 2014, 05:04:00 PM |
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15% premine. All you need to know. 15% premine + IPO. This thing will be worthless within a week at MintPal.
15% for devs + 0%-10% for future development. plus all the IPO bitcoins that will be '' transparently managed by the foundation ''  |
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MEGAman
Sr. Member
Offline
Activity: 462
Merit: 250
I'm gonna clean up this town
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June 30, 2014, 05:07:10 PM |
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15% premine. All you need to know. 15% premine + IPO. This thing will be worthless within a week at MintPal.
15% for devs + 0%-10% for future development. plus all the IPO bitcoins that will be '' transparently managed by the foundation '' I mean at this point these altcoin scams are more obvious than the Nigerian prince email scams - are people really going to fall for this one? This is beyond pathetic. Like I said earlier they probably figured anybody dumb enough to invest in this IPO is going to overlook a 25% premine anyway. |
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whatdidshedo
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June 30, 2014, 05:25:53 PM |
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15% premine. All you need to know. 15% premine + IPO. This thing will be worthless within a week at MintPal.
15% for devs + 0%-10% for future development. plus all the IPO bitcoins that will be '' transparently managed by the foundation '' I mean at this point these altcoin scams are more obvious than the Nigerian prince email scams - are people really going to fall for this one? This is beyond pathetic. Like I said earlier they probably figured anybody dumb enough to invest in this IPO is going to overlook a 25% premine anyway. wow 25% they keep plus 500btc for ipo lol free money |
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amanai99
Newbie
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Activity: 16
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June 30, 2014, 05:27:41 PM |
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i try to use it but the site is off? ? think they are under ddos attack |
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megashira1
Legendary
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Activity: 1146
Merit: 1000
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June 30, 2014, 05:39:32 PM |
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Wasn't the IPO supposed to start today? I believe I recall reading June 30th somewhere? |
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JacksonHu
Newbie
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Activity: 16
Merit: 0
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June 30, 2014, 06:20:25 PM |
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Wasn't the IPO supposed to start today? I believe I recall reading June 30th somewhere? It has been delayed. |
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cryptobanks
Newbie
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Activity: 29
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June 30, 2014, 07:08:59 PM |
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As been mentioned 1000 times the premine is steep!
Please adjust!
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