[ANN][SMBR] Sembro Token ITO (Bittrex)

[tuto]

The ITO is percentage based so do not be alarmed by the 1.00btc priced sell orders. If for instance the total ITO brings in 50btc and you send in 2btc you get 2/50 or 1/25 (4%) of the total coins (2,500,000*.04)=100,000. Any questions please ask!

Glad you clarified that I was thinking it was a little high

[1714805554]

1714805554

[Sembro Development]

The ITO is percentage based so do not be alarmed by the 1.00btc priced sell orders. If for instance the total ITO brings in 50btc and you send in 2btc you get 2/50 or 1/25 (4%) of the total coins (2,500,000*.04)=100,000. Any questions please ask!

Glad you clarified that I was thinking it was a little high

Confused us as well from the start lol  We'll post an article today explaining the process better to clarify for everyone

[tuto]

Maybe add it to the OP as well

[Honeycutt22]

Maybe I missed it.. But how do i buy in? I can't put buy orders on Bittrex.

DIsregard - I wasn't logged in:( lol

[fabula]

Github Source Code:https://github.com/FuelCoinDev/Sembro-Token ?
Why your github is under FUELCOIN dir?

[Sembro Development]

Github Source Code:https://github.com/FuelCoinDev/Sembro-Token ?
Why your github is under FUELCOIN dir?

We will add the article clarifying the ITO process on this thread as well. It is under FuelCoin, because that is one of our products we have developed and it made it quicker to add the source to Github and get the link to Bittrex to get the process live!

[galdur]

So, if I send in 50 BTC I own all the coins.

What would this entail ? Would I have majority
control of the co. ? Maybe own it in full ?

[Sembro Development]

So, if I send in 50 BTC I own all the coins.

What would this entail ? Would I have majority
control of the co. ? Maybe own it in full ?

Hey, you would not own all of the coins based on that scenario but a vast majority. Your ownership based on how Bittrex distributes them would be 50btc/total btc from buyers.  So at this time with approx. 1.5btc in buys received if you bought 50btc worth you would own 50/51.5 (97.1% which is equal to 2.427M).  If someone else buys 20btc worth after you then your total would be (50/71.5)*Total Number of coins.  The generic formula for this is: (Your Buy Amount(btc)/Total Buys (btc) received by Bittrex)*(Total Coins) where total coins equals 2,500,000.  Hope this is detailed enough to answer your question. Please let us know if you need anything else answered 

[Sembro Development]

So, if I send in 50 BTC I own all the coins.

What would this entail ? Would I have majority
control of the co. ? Maybe own it in full ?

Hey, you would not own all of the coins based on that scenario but a vast majority. Your ownership based on how Bittrex distributes them would be 50btc/total btc from buyers.  So at this time with approx. 1.5btc in buys received if you bought 50btc worth you would own 50/51.5 (97.1% which is equal to 2.427M).  If someone else buys 20btc worth after you then your total would be (50/71.5)*Total Number of coins.  The generic formula for this is: (Your Buy Amount(btc)/Total Buys (btc) received by Bittrex)*(Total Coins) where total coins equals 2,500,000.  Hope this is detailed enough to answer your question. Please let us know if you need anything else answered 

We hope that by using the % distribution option from Bittrex it avoids this from happening. For instance if we had a set price and a set max market cap of say 100btc. Someone with deep piockets may be able to purchase every coin very quickly before others have the opportunity to purchase as has occurred with other coins but we wish to maintain a neutral position and not get involved with talking about past examples.  By choosing the method we did to complete this process we hope it creates an equal opportunity for everyone involved!

[galdur]

Thanks Sembro and good luck, g

[Sembro Development]

Thanks Sembro and good luck, g

Thanks! Going to be another fun week in Crypto!

[allyouracid]

What % is pre-mined?? What does ITO stand for?thnx.

ITO=Initial Token Offering. Similiar to ICO just different wording. Let us know if you have any other questions!

So, there are really people out there who think that "ICO" stands for "Initial Coin Offering"? Lol.

[chipmadness]

What % is pre-mined?? What does ITO stand for?thnx.

ITO=Initial Token Offering. Similiar to ICO just different wording. Let us know if you have any other questions!

So, there are really people out there who think that "ICO" stands for "Initial Coin Offering"? Lol.

Yes 

[dirtyboots77]

is there a way to see total btc invested so far so we know how close it is to the 25btc minimum

thanks

[Sembro Development]

is there a way to see total btc invested so far so we know how close it is to the 25btc minimum

thanks

We are asking Bittrex because we would like to know as well

[Honeycutt22]

is there a way to see total btc invested so far so we know how close it is to the 25btc minimum

thanks

We are asking Bittrex because we would like to know as well

You guys have sold .36 BTC worth thus far. It's in the top right labeled "VOLUME".

[dirtyboots77]

is there a way to see total btc invested so far so we know how close it is to the 25btc minimum

thanks

We are asking Bittrex because we would like to know as well

You guys have sold .36 BTC worth thus far. It's in the top right labeled "VOLUME".

that's just the 24 hour volume right?

I guess subtracting the sell order from 10k, which is what I think the opening quantity was, would work as well

[pawlo74]

What % is pre-mined?? What does ITO stand for?thnx.

ITO=Initial Token Offering. Similiar to ICO just different wording. Let us know if you have any other questions!

So, there are really people out there who think that "ICO" stands for "Initial Coin Offering"? Lol.

What does it stands for than ?

[zrunfeng]

nothing new

[Sembro Development]

Volume is only the past 24 hours. Subtract current total available from 10k and that is the total volume since it has started.