digiguy
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August 10, 2014, 08:15:02 AM |
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people be careful
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gagalady
Legendary
Offline
Activity: 938
Merit: 1000
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August 10, 2014, 08:16:25 AM |
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i have a question for DEV i saw a post where you mentioned 3.85million coins destroyed and now there are 1 million left. i was wondering does that inc the 150k premine or is the total 1.15million thanks
150,000 CLD will be allocated for bounties. (3%) (with the initial 5m) (we have to wait in till the end of the ico to see what amounts get destroyed for a final %) the coins have been reduced to 1.15million so the premine would be worth 13% Yes, the premine distribution will be run by Xcloudcoin Foundation (luckily i was part of). We have to approved the spending before the devs can use it. FYI. We did our first approval for publishing an article on major news organizations next week and the business plan will be released too. see their distribution 20% Xcloudcoin signup bonus program 30% Promotional Campaign 50% operational costs
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AbiusGMIU
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August 10, 2014, 08:16:55 AM |
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This is a coin that will revolutionize the scene. One of those coins that other devs try to recreate but simply can't. Bought some before everyone wakes up.
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Wolf Rainer
Legendary
Offline
Activity: 1960
Merit: 1022
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August 10, 2014, 08:17:03 AM |
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people be careful
With what?
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interupted
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August 10, 2014, 08:17:56 AM |
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The 150k was used as collateral for the 25k loan they received from what I remember, so that was a fixed number.
edit, unless I'm getting this mixed up with another coin.. it is late lol
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Wolf Rainer
Legendary
Offline
Activity: 1960
Merit: 1022
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August 10, 2014, 08:18:28 AM |
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i have a question for DEV i saw a post where you mentioned 3.85million coins destroyed and now there are 1 million left. i was wondering does that inc the 150k premine or is the total 1.15million thanks
150,000 CLD will be allocated for bounties. (3%) (with the initial 5m) (we have to wait in till the end of the ico to see what amounts get destroyed for a final %) the coins have been reduced to 1.15million so the premine would be worth 13% the word pre-mine is not even used in the OP, should i be worried. 13% is a pretty heavy premine At this moment are only 13 btc, so if the dev dumps it the price it´s only going to 15000.
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EtherCoin
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August 10, 2014, 08:19:39 AM |
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"Be careful guys" > With a heavy premined coin.
I kind of like the idea but will pass on this one, invested heavily in VIA and RZR already this week.
Will watch this one from the other side of the barrier, eating popcorn, wish you guys the best!
Eth.
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broadsword
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August 10, 2014, 08:19:56 AM |
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this is the op post
"Algorithm: PoS/X11 Ticker:CLD Coin Name: Xcoudcoin Total coins: 5,000,000 - 3,850,000 CLD will be destroy, New Total 1,150,000 Proof of Stake Reward: 1% Block Time: 60 seconds Coin Maturity: 50 blocks Min Coin Age: 6 hours Coin Age Maturity: 30 days Min Tx Fee: 0.0001 CLD "
"150,000 CLD will be allocated for bounties. (3%) (with the initial 5m) (we have to wait in till the end of the ico to see what amounts get destroyed for a final %) 4,850,000 CLD will be allocated for the ICO. (97%) 3,850,000 CLD will be destroy. New Total amount 1,000,000 We are proud to announce that bittrex.com have agreed to host XCloudcoin ICO after we met their requirements. "
the word pre-mine has not been used once, im taking a back seat. 150k pre-mine coins plus 100btc ipo. good luck
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gagalady
Legendary
Offline
Activity: 938
Merit: 1000
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August 10, 2014, 08:20:17 AM |
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i have a question for DEV i saw a post where you mentioned 3.85million coins destroyed and now there are 1 million left. i was wondering does that inc the 150k premine or is the total 1.15million thanks
150,000 CLD will be allocated for bounties. (3%) (with the initial 5m) (we have to wait in till the end of the ico to see what amounts get destroyed for a final %) the coins have been reduced to 1.15million so the premine would be worth 13% the word pre-mine is not even used in the OP, should i be worried. 13% is a pretty heavy premine At this moment are only 13 btc, so if the dev dumps it the price it´s only going to 15000. LOL.. i dont think they will dump anything. They have demonstrated that have the funds necessary to run this coin without premine.
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Youghoor
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August 10, 2014, 08:21:28 AM |
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people be careful
With what? careful in which respect.
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AbiusGMIU
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August 10, 2014, 08:24:36 AM |
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Fudders working over time. Time to sit back and watch it rise
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xcloudcoin
Newbie
Offline
Activity: 42
Merit: 0
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August 10, 2014, 08:26:04 AM |
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Re-Post The premine percentage will be changed after the ICO ended to reflect the actual number of coins sold on Bittrex. However the number of the premine will still remain at 150,000 because that was the number used by private investors to assesed the future value of XCloudcoin File Hosting Share.
Xcloud is not purely an investment or hoarders coin, we expect people to buy the coins on the market for payment of our Coud Storage Services. The Initial Coin Offering was used as a price mechanism in determing the price structure of XCloudcoin Storage Services and to further stabilized the price we decided to remove the mining parameters from the coin specifications. XCloudcoin Plan will be backed by the ICO price which will be adjusted periodic on average market price.
What to expect next-week In order to market to the wider business community we will be expanding our marketing campaign to include: reddit, youtube, major media outlets and other means of advertisement. This is a part of our commitment to bring more people into the XCloud community and add continual value to XClouds services.
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Wolf Rainer
Legendary
Offline
Activity: 1960
Merit: 1022
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August 10, 2014, 08:26:30 AM |
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To 30000! Fuck, i missed the train.
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broadsword
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August 10, 2014, 08:28:03 AM |
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i have a question for DEV i saw a post where you mentioned 3.85million coins destroyed and now there are 1 million left. i was wondering does that inc the 150k premine or is the total 1.15million thanks
150,000 CLD will be allocated for bounties. (3%) (with the initial 5m) (we have to wait in till the end of the ico to see what amounts get destroyed for a final %) the coins have been reduced to 1.15million so the premine would be worth 13% the word pre-mine is not even used in the OP, should i be worried. 13% is a pretty heavy premine At this moment are only 13 btc, so if the dev dumps it the price it´s only going to 15000. if dev dumps its game over no dev no coin. The 150k was used as collateral for the 25k loan they received from what I remember, so that was a fixed number.
so at 100,000 sats that 150k would be $88,000 very risky
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InitialDat
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August 10, 2014, 08:30:28 AM |
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I wouldn't worry too much about that. They have a billion dollar idea...
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dminer69 (OP)
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August 10, 2014, 08:31:51 AM |
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For peace of mind XCloud Data Group is willing to transfer the funds to escrow or the foundation after verification
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Youghoor
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August 10, 2014, 08:32:55 AM |
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For peace of mind XCloud Data Group is willing to transfer the funds to escrow or the foundation after verification
that will gain some trust if they use escrow.
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ereborltc
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August 10, 2014, 08:33:45 AM |
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For peace of mind XCloud Data Group is willing to transfer the funds to escrow or the foundation after verification
A+
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interupted
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August 10, 2014, 08:35:49 AM |
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as far as I know, we have 4 days after ICO over before bittrex will release the funds even IF they did dump.. soooo 3 or 4 days of worry free trading lol
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youngmike
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August 10, 2014, 08:37:12 AM |
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I don't believe that dev is that stupid to dump all at once and drop the price. He might sell some of his coins in small amounts as price continues to climb.
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