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[dance]

DGEX mentioned that with their last launch, even with the 10% max per investor cap, the highest investor ended up only buying 6%. They will accept all funds for the entire launch and escrow them. If at the end of the pre-sale, one member has invested an amount that equals more than 10% of the total raised, the amount over 10% will be sent back to that owner. This was decided after much discussion with the DGEX team and I honestly don't personally think anyone will hit close to the 10% mark once all is said and done.

To correct any misunderstandings, I specifically advised Crypti to go lower than 10%. Just by luck and coincidence despite their 10% limit, the FIMK maximum escrow stake was <2% of total currency supply (6% of "IPO") which I consider appropriate. 10% maximum of total currency supply is stretching the limits and I must say I am somewhat disappointed to see that implemented. There just may be whales that are likely ruin the show long term, and it would be wise to prevent that possibility in the rules.

If the guy, how sent 200btc at the last minutes of FIMK IPO, knew how to use TOR, he would be having 28% now.

[SyRenity]

No problem there, misunderstandings are common when intermediate parties are involved, just protecting the interest of DGEX customers and a public correction was the right way at this late point

Yes 2% to 4% would be my recommendation based on the experience gained from the previous launches I have been following.

Thanks, we will discuss it.

[Litoshi]

Is it safe to assume that the pre-sale will NOT be starting today?  

There is no PRE-SALE.  PRE-SALE assumes that there is subsequent mining. There will not be any mining after the "PRE-SALE".  

There is only a SALE.  ALL the 100 million coins are being sold in the so-called IPO.  

All the income for the devs comes upfront.

There will not be any reason for the devs to support this coin after they get their BTC.

Although, I would not be surprised if they have another SALE with another 100million coins later.


I fail to see why anyone would buy this coin 3 months from now, as it cannot be mined and offers no unique features that you cannot get with other coins.

Good lord man give up the trolling. You are trying so hard to find something wrong here, even after your previous complaints have been addressed you just find something new to be pissed about. You don't even bother to read the fucking ANN before you start criticizing it.

Firstly
"All the income for the devs comes upfront.

There will not be any reason for the devs to support this coin after they get their BTC."

If you were smart enough to read the ANN you would have noticed they are vesting their shares over the course of the next year, meaning they don't get their income upfront and must continue to support the coin to get their shares.

"Although, I would not be surprised if they have another SALE with another 100million coins later."

This is just plain stupidity or FUD. The genesis block will contain all of the coins to be issued, they will not simply be able to create another 100 million coins and sell them at a later date.

"There will not be any mining after the "PRE-SALE"."

Right, there is no mining in the conventional sense (PoW). But, that's the whole point of this coin- it offers a new reward system. People can still "mine" the coin after it is released though the PoP, PoT, and PoI systems, although they will be "mining" fees instead of de novo coins.

You look and sound like an idiot who can't even troll effectively, and if you are actually heavily invested in LTC like your handle suggests than you most certainly are an idiot...

There is no reason to engage in personal attacks.  I have not called anybody names, and you do not need to start that as well.  An intelligent person can make his point without name calling.  Name calling is used by those with a weak argument.

Anyway, I hate to say "I told you so"; but in a few months, I shall quote this post and do just that.


BTW, I own only 2.9 LTC. 

[cloudlover]

devs,when will the ipo start on earth?? could you guys give a clear date intead of always telling us come soon,come soon?

[tobeaj2meraa]

devs,when will the ipo start on earth?? could you guys give a clear date intead of always telling us come soon,come soon?

Be patient, man, IPO can start in this week definitely, read the thread carefully, so many guys are waiting to send BTC to DEVs, not just you.

[cloudlover]

devs,when will the ipo start on earth?? could you guys give a clear date intead of always telling us come soon,come soon?

Be patient, man, IPO can start in this week definitely, read the thread carefully, so many guys are waiting to send BTC to DEVs, not just you.

I just worry about the ability and efficiency of my devs beacuse of the continuous delay

[PilotofBTC]

Hi all,

News

OP post updated, a lot of news there. Vesting, news of IPO and Dgex.
For more info - read please.

Ticker vote

Vote of our ticker:
https://bitcointalk.org/index.php?topic=679779.0

We need your help! Let's choose it together!
 
Wallet/Development

We fixed bugs in wallet, it's already deployed, thanks community for responses and found issues. We continue work.

On the end of this week we will launch PoS for invited people.
If you want to be invited, please, send me your test (TEST, not your real) secretphrase, we will install node for you. Limit for first time: 30 peoples, then we will invite more.

So there is no cap on maximum investment, and no max per user?

So we have the next Swarm and maidsafe. No ROI for early investors, only huge risks. But we can dump them for 50% after launch.
OMG the next hated project. How can you do that?

Cap per user added in OP post.

Will you be doing taint analysis?

[PilotofBTC]

Hi all,

News

OP post updated, a lot of news there. Vesting, news of IPO and Dgex.
For more info - read please.

Ticker vote

Vote of our ticker:
https://bitcointalk.org/index.php?topic=679779.0

We need your help! Let's choose it together!
 
Wallet/Development

We fixed bugs in wallet, it's already deployed, thanks community for responses and found issues. We continue work.

On the end of this week we will launch PoS for invited people.
If you want to be invited, please, send me your test (TEST, not your real) secretphrase, we will install node for you. Limit for first time: 30 peoples, then we will invite more.

So there is no cap on maximum investment, and no max per user?

So we have the next Swarm and maidsafe. No ROI for early investors, only huge risks. But we can dump them for 50% after launch.
OMG the next hated project. How can you do that?

Cap per user added in OP post.

Jesus 10% per user is a joke. One of them can dump the price to exactly 0.

Why would someone that paid 10% of the total IPO dump the price of the coin they just invested in to 0?

[SyRenity]

devs,when will the ipo start on earth?? could you guys give a clear date intead of always telling us come soon,come soon?

Apology for the delays, we finalizing the exchange and the public ledger, to make sure everything is ready towards a smooth pre-sale.

A preview of the public ledger, that buyers will be able to use to estimate their post-sale Crypti holdings (based on test data for now):
http://take.ms/WYWhJ

[GreXX]

devs,when will the ipo start on earth?? could you guys give a clear date intead of always telling us come soon,come soon?

Be patient, man, IPO can start in this week definitely, read the thread carefully, so many guys are waiting to send BTC to DEVs, not just you.

I just worry about the ability and efficiency of my devs beacuse of the continuous delay

There are 2 things we are still working on before we feel comfortable starting the pre-sale.

First, we want to ensure the details of the escrow are set in stone, agreeable to all, and that the escrow will be an easy process. We want the actual pre-sale to go as smoothly as possible for the investors and that means ensuring the escrow is set up perfectly. That includes reviewing the 10% max cap per investor to determine if we are lowering it.

Second, we need to finalize the pre-sale ledger. This is a custom site being built to show addresses that have invested, how much their current percentage is based on total currently invested, how much they would get if the pre-sale ended today, and will allow investors to see exactly what they are currently slated to get in the launch. For this to work, it has to function with the wallet address for Maxmint, as well as the API provided by DGEX. This is in development and should be available prior to the pre-sale launch or very shortly after.

While we are working on finalizing escrow details (which we have the final drafts complete), and some of the development team is working on the ledger, Boris and others are finalizing the PoT nodes for the test users who will be helping test the forging mechanism when it is ready (possibly 1 week). They also implemented the transaction fee reduction algorithm in the most recent updated release of the wallet, which was on our pre-sale checklist.

Please stick with us. We are only postponing the pre-sale in order to make it better.

[cmason22]

quick question about this coin:

does your reward structure ignore traditional POS?  it seems that the number of coins held is not a factor? 

[ownerbest]

Many people will consider crypti as one clone of nxt, with this UI.

[yanhongcheng901011]

like this ui
 waitting for you ipo.

[fakeshadow]

I found so many Chinese guys engaged into this IPO, it's a bad signal

I’m afraid this could be the case here.Watch out for your ROI guys.

[dance]

Why would someone that paid 10% of the total IPO dump the price of the coin they just invested in to 0?

As soon as he will see that his dump will make him profit - why not?

[zongry]

When the ipo will begin

[S3MKi]

When the ipo will begin

soon

[iGoodw1n]

Can I get refund before IPO will be closed?

[cwb27]

how much u planning to invest each

[tobeaj2meraa]

how much u planning to invest each

0.5 BTC at most, there are too many Chinese guys involved in this IPO, they know nothing excepting dumping&dumping&dumping, ROI is too low.