[XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS

[timmyd]

its on bter now CRSALE no market yet

[mishax1]

Pre-sale
Because Crypti is a Proof-of-Stake crypto-currency we will rely on an pre-sale for initial distribution of the supply. The total amount of Crypti in existence will be 100 Million. One Crypti will have 8 digits after the decimal point.

The pre-sale will start on July 7th-8th.

The pre-sale will last 30 days and we will accept Bitcoin and NXT (through conversion to BTC on Dgex.com). In order to encourage people not to wait until the last day to buy, a structure rewarding early adopters will be used.

A bonus of 30% increase in stake will be awarded at the beginning of the pre-sale. This will be continuously reduced at a rate of 1% per day over the course of the sale to a final 0% bonus at the end of the sale.

Transactions will be made to an escrow address to be published towards the beginning of the pre-sale, and via the Dgex.com platform.

Please note that after the pre-sale is finished it might be possible that the project is not yet ready for release. We are aiming to provide a public beta before the start of the pre-sale.

The source code of the complete project and following updates will be provided in quarterly releases. This will protect buyers against early clones.

Each week ends on Monday 24:00 GMT. Pre-sale will be finished in month.

Important: we solve last issues with dgex, IPO can little be moved (1-2 days). Wait please.

Escrow

• Bter.com will do the escrow through their exchange platform (for 0% fee to be deducted from the transfer). Refunds will be possible
• dgex.com will do the escrow through their exchange (for 3% fee to be deducted from the transfer), allowing to easily use NXT for the pre-sale
• Maxmint will provide the escrow for direct transactions (for a 1% fee to be deducted from the transfer). Minimum amount will be 0.01 BTC

Please provide a logic explanation on how would that work over the exchange, how would you know if I bought my coins on the 1st day or the last ?

When do we get CRYPTI and not CRSALE ?

The date stamp on the transaction log perhaps?

Over the market ? and how would that work ? should I give them my password or provide a screenshot ?  give me a break..

I must have missed something here. If the exchange is doing the sale of a placeholder they will have all the purchase records available to them. No screenshots or passwords needed.

What are you talking about?

And how would they provide my CRYPTI based on that info... ?

[PilotofBTC]

Pre-sale
Because Crypti is a Proof-of-Stake crypto-currency we will rely on an pre-sale for initial distribution of the supply. The total amount of Crypti in existence will be 100 Million. One Crypti will have 8 digits after the decimal point.

The pre-sale will start on July 7th-8th.

The pre-sale will last 30 days and we will accept Bitcoin and NXT (through conversion to BTC on Dgex.com). In order to encourage people not to wait until the last day to buy, a structure rewarding early adopters will be used.

A bonus of 30% increase in stake will be awarded at the beginning of the pre-sale. This will be continuously reduced at a rate of 1% per day over the course of the sale to a final 0% bonus at the end of the sale.

Transactions will be made to an escrow address to be published towards the beginning of the pre-sale, and via the Dgex.com platform.

Please note that after the pre-sale is finished it might be possible that the project is not yet ready for release. We are aiming to provide a public beta before the start of the pre-sale.

The source code of the complete project and following updates will be provided in quarterly releases. This will protect buyers against early clones.

Each week ends on Monday 24:00 GMT. Pre-sale will be finished in month.

Important: we solve last issues with dgex, IPO can little be moved (1-2 days). Wait please.

Escrow

• Bter.com will do the escrow through their exchange platform (for 0% fee to be deducted from the transfer). Refunds will be possible
• dgex.com will do the escrow through their exchange (for 3% fee to be deducted from the transfer), allowing to easily use NXT for the pre-sale
• Maxmint will provide the escrow for direct transactions (for a 1% fee to be deducted from the transfer). Minimum amount will be 0.01 BTC

Please provide a logic explanation on how would that work over the exchange, how would you know if I bought my coins on the 1st day or the last ?

When do we get CRYPTI and not CRSALE ?

The date stamp on the transaction log perhaps?

Over the market ? and how would that work ? should I give them my password or provide a screenshot ?  give me a break..

I must have missed something here. If the exchange is doing the sale of a placeholder they will have all the purchase records available to them. No screenshots or passwords needed.

What are you talking about?

And how would they provide my CRYPTI based on that info... ?

They would put it into your CRYPTI balance on the exchange I assume.

So, they have the amount you spent on CRSALE and the date you made it. Crypti DEVS send 100% of the CRYPTI coin for those that participated there to BTER's wallet. BTER then distributes to your CRYTPI balance based on that information and the IPO info provided to them from the Crypti devs. Then you withdraw the money to your wallet.

[SyRenity]

They would put it into your CRYPTI balance on the exchange I assume.

So, they have the amount you spent on CRSALE and the date you made it. Crypti DEVS send 100% of the CRYPTI coin to BTER's wallet. BTER then distributes to your CRYTPI balance based on that information and the IPO info provided to them from the Crypti devs. Then you withdraw the money to your wallet.

Very true, the only remarks is that Crypti will divided between Bter and Maxmint, giving buyers both options to work with.

[PilotofBTC]

They would put it into your CRYPTI balance on the exchange I assume.

So, they have the amount you spent on CRSALE and the date you made it. Crypti DEVS send 100% of the CRYPTI coin to BTER's wallet. BTER then distributes to your CRYTPI balance based on that information and the IPO info provided to them from the Crypti devs. Then you withdraw the money to your wallet.

Very true, the only remarks is that Crypti will divided between Bter and Maxmint, giving buyers both options to work with.

...and dgex. Thanks, I clarified my post.

[SyRenity]

Last pre-sale updates

• Pre-sale start was schedulled to July 11th 00:00, to give an additional preparation time for the buyers
• Cap per investor was set to 2% of total raised
• Dgex has chosen not to participate at the pre-sale for the moment, however they may join later on

The ANN op will be updated with these details and pre-sale instructions soon.
We also now sending announcement emails to everyone who registered on the site.

[SyRenity]

...and dgex. Thanks, I clarified my post.

Actually dgex has elected not to participate in the pre-sale for the moment, however we agreed together that they will be able to join any time they want, both to pre-sale and to post-sale trading.

[PilotofBTC]

...and dgex. Thanks, I clarified my post.

Actually dgex has elected not to participate in the pre-sale for the moment, however we agreed together that they will be able to join any time they want, both to pre-sale and to post-sale trading.

That disappointing considering I already transferred BTC there in preparation of the pre-sale.

[timmyd]

...and dgex. Thanks, I clarified my post.

Actually dgex has elected not to participate in the pre-sale for the moment, however we agreed together that they will be able to join any time they want, both to pre-sale and to post-sale trading.

That disappointing considering I already transferred BTC there in preparation of the pre-sale.

3% fee dude bter is 0%

[PilotofBTC]

...and dgex. Thanks, I clarified my post.

Actually dgex has elected not to participate in the pre-sale for the moment, however we agreed together that they will be able to join any time they want, both to pre-sale and to post-sale trading.

That disappointing considering I already transferred BTC there in preparation of the pre-sale.

3% fee dude bter is 0%

well BTER is a last minute announcement. And it will cost me 1.4% to withdraw now. So, I guess I'll just buy Nxt with it.

Also, do you think the CRY will be free to withdraw from BTER? I expect they aren't doing this out of the goodness of their hearts.

[maxmint]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

I agreed to provide an escrow service for the initial coin distribution of the "Crypti" project. The main thread for this project is here: https://bitcointalk.org/index.php?topic=654463.0

BE SURE TO FULLY READ AND UNDERSTAND ALL OF THIS BEFORE SENDING BITCOINS TO THE ESCROW ADDRESS.

* PREAMBLE

• By sending Bitcoins to the escrow address you agree to the terms of this escrow service as detailed below.

• I will not take any responsibility for Bitcoins you send to the escrow address. People who already have used my escrow service most probably know that I won't run away with your coins. I will of course do my best to keep them safe and I’ll try to make this a success for all parties concerned. But there are always uncontrollable circumstances and some things could potentially go wrong with a new project like this. So I can't take any responsibility for your Bitcoins or the Crypti coins you wish to receive.

• Should there be any dispute between investors and the Crypti team I will be the ultimate arbitrator to decide what's to happen with the Bitcoins sent to the escrow address.

• I do not personally know the developers of this project and I don't invest in this project myself. I'm not affiliated with any of the Crypti developers, I'm not endorsing this project and I don't give any recommendation to invest. I'm merely providing a neutral escrow service. Be sure to do your own research.

• I signed this message with my PGP key, you can find my public PGP key in my profile signature and on www.keybase.io/maxmint. I never send out escrow details or Bitcoin addresses without signing them.

• Don't trust quoted addresses as they may be tampered with. If in doubt, refer to my original posting and verify my signed message.

• Should the Bitcointalk forum go down you can reach me at maxmint@bitmessage.ch

• A copy of this posting is located at http://pastebin.com/LtJ218jC

* THE ESCROW ADDRESS

• I created a Bitcoin address, hereinafter referred to as the escrow address.
• The escrow address was created on an offline computer and is backed up securely.
• The escrow address is 1u2FuXyp9BSVKaNA1FidqzTvRsYiGVkn8
• Do NOT send Bitcoins from an address that you don't control the private key of. This is absolutely crucial as you will have to sign a message with your private key to claim your Crypti coins. If you don't know what a private key is then you should not proceed at all.
• Do NOT send Bitcoins from a hosted wallet like Coinbase as you won't be able to access your private key. Sending from a hosted wallet like Coinbase means that you won't be able to receive Crypti coins and that you won't be able to receive a refund of your Bitcoins.
• Please also note that a Bitcoin transaction can have multiple inputs. This means that your Bitcoin client probably sends from more than one address. Always send from only one single address, most modern Bitcoin clients allow you to choose your inputs. If your transaction has multiple inputs then the largest input will be considered as the relevant investment address.

* PHASE 1: PRE-SALE

• The investment phase for the Crypti project ("pre-sale") will run for 30 days. It starts on Fri, 11 July 2014 00:00:00 UTC (epoch timestamp: 1405036800) and runs until Sun, 10 August 2014 00:00:00 UTC (epoch timestamp: 1407628800).
• People who are interested in investing in the Crypti project can send their Bitcoins to the escrow address and will get a share of Crypti coins after the pre-sale has ended, see section "Crypti coin distribution".
• There will be a fee deducted from your investment, see section "escrow service fees".
• After the pre-sale has ended, you will have to sign a message with the private key of the investment address you sent the Bitcoins from. This message will include your Crypti account number and allows the Crypti team to securely link your investment to your Crypti account number.
• I will hold the Bitcoins on the escrow address until the Crypti development team has successfully distributed Crypti coins to all investors in the announced way.

* PHASE 2: CRYPTI COIN DISTRIBUTION

• Within 7 days after the pre-sale has ended (until Sun, 17 August 2014 00:00:00 UTC, epoch timestamp 1408233600), the Crypti team will send Crypti coins to each of the investors according to the allocation scheme described here: https://github.com/crypti/crypti-docs/blob/master/presale.md
• I have copied this document to pastebin for later reference: http://pastebin.com/DqCNWWug
• I also created a SHA256 hash of the raw pastebin document: 79bfb302c21cf075b668fcb5d428c574734519e9fe11bc8d8787a642adde2188
• There's a minimum investment amount of 0.01 BTC. Any transaction that sends less than 0.01 BTC will not be included in the Crypti coin distribution and will not be refunded.
• There's a cap of 2% (of total Bitcoins invested during the pre-sale, both via Bter and Maxmint) per transaction. Any transaction larger than 2% of the total amount of Bitcoins collected will receive a refund of the excess amount. So if you send 4 BTC and the total amount collected was 150 BTC you would receive a refund of 1 BTC.

* PHASE 3: WAITING PERIOD

• After the initial coin distribution, there will be a 7 day waiting period. During this time the Crypti coin distribution can be checked and possible complaints can be filed.
• I will NOT check each and every Crypti account to see whether this account received the correct amount of Crypti coins. Instead, I will use an automated tool provided by the Crypti team to get an overall look on the Crypti coin distribution. This tool is located here: http://crypti.me:11050/
• Should an investor feel that his account received the wrong amount of Crypti coins or no Crypti coins at all then he will need to contact the Crypti team as well as me.
• In case of disputes I will refer to the above distribution scheme.

* PHASE 4: RELEASE OF BITCOINS

• After the waiting period is over and in case of a successful Crypti coin distribution, I will send the Bitcoins on the escrow address to the Crypti team, minus a 1% success fee.
• Should the Crypti team not be able to distribute Crypti coins in the announced way, then I will send back investments to investors, minus a 3% service fee, see section "Refunds".

* ESCROW SERVICE FEES

• There are 2 fees for this escrow service, a 1% success fee and a 3% refund fee.
• In case of success, the 1% fee will be deducted from your investment. So if you send 1 BTC to the escrow address you will receive Crypti coins worth 0.99 BTC and the Crypti team will receive 0.99 BTC.
• In case of a refund, a 3% fee will be deducted from your refund. So if you send 1 BTC to the escrow address and I send back a refund, you will receive 0.97 BTC.

* REFUNDS

• A refund will only be sent if the Crypti team is not able to deliver Crypti coins in the announced way.
• You won’t be able to receive a refund during the pre-sale period.
• A refund will be sent back to your investment address. If a transaction has multiple inputs then I will send the refund to the input with the largest amount. Should there be 2 inputs with the exact same amount then I will choose randomly.
• There will be a 3% fee deducted from the refunded amount, see section "escrow service fees".
• The necessary mining fee for refunds will be deducted from each investment.

* DISPUTE HANDLING AND UNFORESEEN PROBLEMS

• It's quite obvious that there could be problems that are not foreseeable. Should an unforeseen problem occur, then I will talk back to the community as well as the Crypti team to find a solution. Should there be no solution that everybody agrees on then I will be the ultimate arbitrator to decide how to proceed.
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[Primitive]

can someone ELI5 how the early purchase bonus works?  is there some additional Crypti held back, that will then be awarded?  or is there some complicated weighting that will take place retroactively after the sale closes? 

i'd like to understand this better so i can evaluate if i want to invest early, or wait and see.

thanks

[SyRenity]

well BTER is a last minute announcement. And it will cost me 1.4% to withdraw now. So, I guess I'll just buy Nxt with it.

Also, do you think the CRY will be free to withdraw from BTER? I expect they aren't doing this out of the goodness of their hearts.

Sorry to hear that, we are still open to Dgex, if they decide to re-join the pre-sale.

Bter clarified that the withdrawal will be 1% + 1 Crypti, we will update it in the OP.

[PilotofBTC]

can someone ELI5 how the early purchase bonus works?  is there some additional Crypti held back, that will then be awarded?  or is there some complicated weighting that will take place retroactively after the sale closes?  

i'd like to understand this better so i can evaluate if i want to invest early, or wait and see.

thanks

No, they will just treat your BTC like it is the amount you sent + x%. (at least that is how I would do it)

So, if you spend 1 BTC in the first week it will be treated at 1.3 (30%) BTC.

At least, that seems the easiest way to make the math work. It won't change the total that is distributed and none will be held back.

[SyRenity]

No, they will just treat your BTC like it is the amount you sent + x%. (at least that is how I would do it)

So, if you spend 1 BTC in the first week it will be treated at 1.3 (30%) BTC.

At least, that seems the easiest way to make the math work. It won't change the total that is distributed and none will be held back.

Correct, and the bonus will linearly decrease by 1% every day, allowing for an easy estimation.

[S3MKi]

bter is the best way for people who have btc on bter. waiting more information.

[crypti]

OP post updated.

Changed cup to 2% limit.
Added pre-sale instruction - https://github.com/crypti/crypti-docs/blob/master/presale.md.
Dgex removed from pre-sale.
Bter withdrawal will be 1% + 1 Crypti.

IPO launch date:  July 11th, 00:00 UTC

[Primitive]

why can't deposits to BTER come from coinbase?  why would it matter how i fund my BTER account?

[crypti]

Step two

Create a new Crypti wallet at: http://crypti.me:6040 NOTE: make sure to save or write down your password! Without the password, you won’t be able to access the wallet and your Crypti will be lost!

Is there any chance we will be able to perform this step through a beta wallet locally?

Wallet will be published only after pre-sale.
But if you sent your passphrase (test passphrase), i will install node for you (on Sunday, Monday) and send address of you wallet.

[mishax1]

Will you provide a direct option to purchase CRYPTI without using the escrow services that require 1% fee ?