so this happened:
[18:47] <mobydick> are you here?
[18:47] <Prozcoin> Yeah, i'm here!
[18:48] <mobydick> nice. What can I help with?
[18:48] <Prozcoin> I am Chris Bates btw with Prozcoin/Coinproz team
[18:48] <Prozcoin> So Judith Jakubovics had been working with you guys to get Prozcoin on the exchange, and we had sent our ledger/information to Tristan and Curtis
[18:48] <mobydick> Yes. I am Curtis. I have been emailing with Tim and Shannon, and Judith.
[18:48] <Prozcoin> Oh, great!
[18:48] <Prozcoin> I was just making sure you had received everything and it was in order to your satisfaction
[18:49] <mobydick> I think so.
[18:49] <Prozcoin> Tim is in Finland and has retired for the evening
[18:49] <Prozcoin> I believe Judith is offline for the evening as well, but Shannon is still available sporadically if any thing else is needed concerning the code
[18:50] <mobydick> One thing- this I guess should have been mentioned before, but we have been busy and have been working on so much it may have been overlooked...
[18:50] <mobydick> Tristan will need to apply a 1% fee for all draws from the escrow fund.
[18:50] <Prozcoin> that is no problem as long as it's publicly stated
[18:51] <mobydick> okay.
[18:51] <Prozcoin> and the escrow will have a publicly viewable ledger, correct?
[18:51] <mobydick> Yes it must.
[18:51] <Prozcoin> Great!
[18:51] <Prozcoin> just making sure for the community's assurance
[18:51] <mobydick> Has Tristan received the source, so that we can set up the proper wallet, and receive the escrow fund?
[18:52] <Prozcoin> Let me check with shannon real fast
[18:52] <mobydick> okay
[18:55] <Prozcoin> Yeah, Shannon is saying he should have everything to receive the escrow
[18:55] <mobydick> we have it
[18:55] <Prozcoin> Great!
[18:55] <mobydick> Just checked with Tristan. No problem there.
[18:56] <Prozcoin> Excellent!
[18:56] <mobydick> what is the price per coin for the ICO? 18% of the 78% we are to receive?
[18:56] <Prozcoin> 300
[18:57] <Prozcoin> sorry, 300 satoshi
[18:57] <mobydick> okay.
[18:57] <mobydick> give me a few minutes... keep this window open.
[18:57] <Prozcoin> no problem
[18:59] <mobydick> 54 btc worth sold in ICO
[19:00] <mobydick> the draw from this 54 BTC will be incremental I assume?
[19:00] <Prozcoin> absolutely
[19:02] <Prozcoin> were you wanting to set a schedule now?
[19:02] <mobydick> working on this with Tristan now
[19:02] <mobydick> it might be a couple days longer...
[19:02] <Prozcoin> No worries
[19:03] <Prozcoin> There an issue with something?
[19:03] <mobydick> We are working on other listings also. Launching an ICO needs to be done strategically, so as not to thin volumes from other markets.
[19:03] <Prozcoin> oh, i see what you mean
[19:04] <Prozcoin> That is kind of why we wanted to limit the number of exchanges we are on, so as to not dilute our own volume over too many exchanges
[19:04] <mobydick> yes, and wise
[19:05] <mobydick> question- since 2% has already sold as ICO on other exchanges, and some have been given away-
[19:05] <Prozcoin> barely any have been given away
[19:05] <Prozcoin> less than 10k
[19:05] <Prozcoin> not on other exchanges
[19:05] <mobydick> could the trade market be open at the same time as the ICO sale?
[19:05] <Prozcoin> we sold the ICO through cryptoshoppers at a fixed price of 250 satoshi
[19:06] <Prozcoin> no, we closed the sale at cryptoshoppers
[19:06] <Prozcoin> we own cryptoshoppers
[19:06] <Prozcoin> so that was an easy way to do an ICO that has a trackable ledger
[19:06] <mobydick> so it would need to be ICO only- no open trading while the ICO funds are live?
[19:06] <Prozcoin> yeah
[19:07] <Prozcoin> it's not on any exchanges right now whatsoever
[19:07] <Prozcoin> and there is no other place to buy prozcoin currently
[19:07] <mobydick> but others hold the coin already.
[19:07] <Prozcoin> it has been delisted
[19:07] <Prozcoin> yeah, those 2% that were sold
[19:07] <Prozcoin> which you have records of
[19:07] <mobydick> right... okay. Just asking. Another minute- brb
[19:07] <Prozcoin> and the like 8k that were given out
[19:08] <mobydick> what is the ticker?
[19:08] <Prozcoin> PROZ
[19:09] <mobydick> thanks
[19:22] <Prozcoin> Anything else needed?
[19:38] <mobydick> is your website still up?
[19:38] <Prozcoin> the test site is yes
[19:38] <Prozcoin>
http://www.coinproz.com/default.html[19:44] <mobydick> still working on this.. I apologize for the delay.
[19:44] <Prozcoin> Oh, no worries!
[19:57] <Prozcoin> here is an interview that gives a brief summary of our project if you hadn't seen it yet:
http://www.cryptotycoons.com/2014/08/prozcoin-a-coin-for-the-masses/[20:08] <mobydick> I am sorry, but because Poloniex feels that the vast majority of the coins is ultimately headed to the development team, as well as 54 BTC, and only 20% held by its investors, the potential for a fallout as well as potential FUD for our exchange is simply too high to list Prozcoin. We wish you the best of luck with the project.
[20:10] <Prozcoin> The majority of the coins aren't going to the development team for the record
[20:10] <Prozcoin> That is why we were planning on giving you guys 60% to hold in escrow
[20:10] <Prozcoin> as 30% was going to be used to establish a public reserve to keep the coin solvent
[20:11] <Prozcoin> 10% was set aside for proof of action mining
[20:11] <Prozcoin> 10% for Proof of action/proof of work mining
[20:11] <Prozcoin> and this has all been public from the beginning, including all of our identities
[20:11] <Prozcoin> I am not sure where you guys think that the majority of the coins are going to the development team?
[20:12] <mobydick> Where does the 54 BTC go?
[20:13] <Prozcoin> towards development of hardware and software, and will be on public ledger
[20:13] <Prozcoin> that is the point of having all of this stuff public
[20:13] <Prozcoin> so it is clear that we aren't just taking the 54 bitcoin
[20:14] <Prozcoin> that is ALL intended for development
[20:14] <Prozcoin> and the entire point of us trying to do it through you guys publicly was so that a third party could confirm in fact that we aren't trying to pocket it
[20:14] <Prozcoin> So I am VERY confused as to why you thought we are taking the 54 btc for our "persons"
[20:15] <Prozcoin> I sincerely thought the entire point of doing the ICO was so that it was clear that we aren't pocketing the money
[20:16] <Prozcoin> as in of the 8 bitcoin worth that we have sold so far, it is all going towards development
[20:16] <Prozcoin> which is why we sent you the records so everything is accounted for even what you didn't handle
[20:18] <mobydick> There is every opportunity to draw from the BTC fund for development costs and not actually develop. Also, the cost to explain and counter the potential FUD for our users seems to outweigh the potential gain. I am sorry, but it doesn't seem that the Prozcoin model is one that fits with our ICO strategy. Perhaps if the ICO were hosted elsewhere we could offer a trade market at its completion.
[20:20] <Prozcoin> Well, what do we need to do then? We can end the ICO now, because at this point this has put us in a situation where we are by proxy creating uncertainty because we were informed that we would be on Poloniex, and now all of a sudden "we aren't", and it is because we are trying to be as transparent about the entire process as possible.
[20:21] <Prozcoin> If we need to end the ICO period and release the coins to the free market...? I don't know what we have done wrong at this point
[20:22] <Prozcoin> Like, are you aware that we have registered as an LLC in Finland?
[20:23] <Prozcoin> I mean, I am still not sure what has been miscommunicated at this point
[20:23] <mobydick> Again, I am sorry. I simply cannot change the situation at this point. The owner has given final word on it.
Okay so this thing happened.
move? What will those traders/investors Do with their coin which were bought from cryptoshopper.com?
Please dont just post this kind of information and be just done with it without reassuring people who have invested on your coins.
