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Author Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure  (Read 1103265 times)
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policymaker
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November 04, 2014, 10:02:29 AM
 #3101

if they put buy wall in case of ITO failure then selling under 0.000225BTC (ITO price -10% discount) is pure stupidity, am I right? xD

well, generally speaking I think yes, but if some1 has bots operating on different markets and hedging and marginal trading he can actually make more profit.

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IamNotSure
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November 04, 2014, 10:03:56 AM
 #3102

if they put buy wall in case of ITO failure then selling under 0.000225BTC (ITO price -10% discount) is pure stupidity, am I right? xD

Yeah, you're assuming they just don't run with the money. IMHO, the risk is not worth the 10%.

Better safe than sorry
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November 04, 2014, 10:11:07 AM
 #3103

if they put buy wall in case of ITO failure then selling under 0.000225BTC (ITO price -10% discount) is pure stupidity, am I right? xD

It is only Bittrex who are functioning as an escrowed ITO, according to the OP of this thread.
Quote
Bittrex ITO rules

Bittrex will be hosting the Blocknet ITO. As a reminder, we are providing escrow for the development team. We are not endorsing this coin or any others on our exchange. Please do your own research before trading. Below are the FULL and DEFINITIVE terms for this ITO; no other conditions are required.

* We will review the wallet before initially adding it.
* Bittrex will host 3,400,000.00 of 10,000,000 total coins at a price of 0.00025 the ITO will value 2500 BTC across all exchanges.
* The ITO will run for 7 days beginning October 29, 2014 at 5am PDT and ending on November 5th 23:59:59 PDT
* The ITO must raise 850 BTC total across all exchanges to be considered a success.
* If success conditions are NOT met, all BTC invested will be refunded through a buy wall.
* Once the ITO is over we will verify there is working wallet, blockchain, and block explorer.
* ITO payment will be in a lump sum to Blocknet within 7 days after the ITO ends.
* No trading of the coin will be allowed until the ITO ends and escrow is released.
* ALL SALES ARE FINAL AND THERE WILL BE NO REFUNDS - by participating in this ITO, you are agreeing to the above terms.

This means that you would not be able to buy BLOCK for cheap elsewhere in the hope that you could sell it into the ITO-priced buy-wall if the ITO is cancelled.

So people selling BLOCK at a loss (well, below the 10% margin possible for altcoins) are doing so on markets where there will not be a buy-wall put in place if the ITO fails.


WARNING!!! Check your forum URLs carefully and avoid links to phishing sites like 'thebitcointalk' 'bitcointalk.to' and 'BitcointaLLk'
mxxxxxx
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November 04, 2014, 10:49:50 AM
 #3104

Here is the latest Bittrex statement

https://bittrex.zendesk.com/hc/en-us/articles/203325664-BlockNet-ITO-What-happened-and-next-steps-

I am assuming that after 48 hour window closes on Bittrex and ito is successful , block price on poloniex will at least jump to 0.00025 as these who want to sell on bittrex will be selling during the 48 window hours. There can be few too who will try to move btc quick to polo and buy block up to 0.00025

I don`t think they will be selling lower after the 48 hours window when market opens for trading but we will see

For now i am looking on scenario when ito is successful Smiley

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November 04, 2014, 11:06:03 AM
 #3105

Lol the ultimate Google translation...



Shadow fud team gone? Thread no fun. Smurf leave mom base get skittles orange soda. Where to go?

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November 04, 2014, 11:24:10 AM
 #3106

Here is the latest Bittrex statement

https://bittrex.zendesk.com/hc/en-us/articles/203325664-BlockNet-ITO-What-happened-and-next-steps-

I am assuming that after 48 hour window closes on Bittrex and ito is successful , block price on poloniex will at least jump to 0.00025 as these who want to sell on bittrex will be selling during the 48 window hours. There can be few too who will try to move btc quick to polo and buy block up to 0.00025

I don`t think they will be selling lower after the 48 hours window when market opens for trading but we will see

For now i am looking on scenario when ito is successful Smiley
No matter how bittrex will earn the fee. most of the fund not sold on bittrex, ITO will fail ? I don't think so

Could someone can calculate the share of exchanges? 

CRYPT by SINTEZ - Nextgen of WEB monetization - SINTEZ.IO
Marlo Stanfield
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November 04, 2014, 11:32:25 AM
 #3107

Can you give us a status on how many BTC have been raised so far?

Time to make some tough decisions.  My gut tells me to get rid of everything ASAP but I'm trying to find reasons to convince me otherwise.

I do request that you spend some more time on the OP and website...they're both missing a good amount of information (I hope).

you can make the calculation yourself by summing all the BTC available in all the exchanges

Bittrex : 555.8

Polo: 312.3

Bter: 527.7

=

1395.8

2500-1395.8=1104.2 if there is less than 254.2 Bitcoin dump on Bittrex refund wall the ITO is succesful right now.


Can we get some accurate numbers? I'm curious. I'm guessing we're going to have the get the numbers from Bittrex, Poloniex and Bter themselves to know exactly how much was sold.
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November 04, 2014, 12:07:52 PM
 #3108

Can you give us a status on how many BTC have been raised so far?

Time to make some tough decisions.  My gut tells me to get rid of everything ASAP but I'm trying to find reasons to convince me otherwise.

I do request that you spend some more time on the OP and website...they're both missing a good amount of information (I hope).

you can make the calculation yourself by summing all the BTC available in all the exchanges

Bittrex : 555.8

Polo: 312.3

Bter: 527.7

=

1395.8

2500-1395.8=1104.2 if there is less than 254.2 Bitcoin dump on Bittrex refund wall the ITO is succesful right now.

1100btc, what a great ICO, never seen this before.

blocknet coins are sold about only 290BTC on bittrex,  ITO must be successful

CRYPT by SINTEZ - Nextgen of WEB monetization - SINTEZ.IO
IamNotSure
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November 04, 2014, 12:15:36 PM
 #3109

Can you give us a status on how many BTC have been raised so far?

Time to make some tough decisions.  My gut tells me to get rid of everything ASAP but I'm trying to find reasons to convince me otherwise.

I do request that you spend some more time on the OP and website...they're both missing a good amount of information (I hope).

you can make the calculation yourself by summing all the BTC available in all the exchanges

Bittrex : 555.8

Polo: 312.3

Bter: 527.7

=

1395.8

2500-1395.8=1104.2 if there is less than 254.2 Bitcoin dump on Bittrex refund wall the ITO is succesful right now.

1100btc, what a great ICO, never seen this before.

blocknet coins are sold about only 290BTC on bittrex,  ITO must be successful

312 on polo is a lie, see for yourself https://poloniex.com/exchange/btc_block

It's more like 50 at most

and where do you see 527 on bter ? I see only 10
braxx
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November 04, 2014, 12:17:48 PM
 #3110

Can you give us a status on how many BTC have been raised so far?

Time to make some tough decisions.  My gut tells me to get rid of everything ASAP but I'm trying to find reasons to convince me otherwise.

I do request that you spend some more time on the OP and website...they're both missing a good amount of information (I hope).

you can make the calculation yourself by summing all the BTC available in all the exchanges

Bittrex : 555.8

Polo: 312.3

Bter: 527.7

=

1395.8

2500-1395.8=1104.2 if there is less than 254.2 Bitcoin dump on Bittrex refund wall the ITO is succesful right now.

1100btc, what a great ICO, never seen this before.

blocknet coins are sold about only 290BTC on bittrex,  ITO must be successful

312 on polo is a lie, see for yourself https://poloniex.com/exchange/btc_block

It's more like 50 at most


nope he is right

0.00025000   1249975.60675705   312.49390169
IamNotSure
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November 04, 2014, 12:19:24 PM
 #3111

Can you give us a status on how many BTC have been raised so far?

Time to make some tough decisions.  My gut tells me to get rid of everything ASAP but I'm trying to find reasons to convince me otherwise.

I do request that you spend some more time on the OP and website...they're both missing a good amount of information (I hope).

you can make the calculation yourself by summing all the BTC available in all the exchanges

Bittrex : 555.8

Polo: 312.3

Bter: 527.7

=

1395.8

2500-1395.8=1104.2 if there is less than 254.2 Bitcoin dump on Bittrex refund wall the ITO is succesful right now.

1100btc, what a great ICO, never seen this before.

blocknet coins are sold about only 290BTC on bittrex,  ITO must be successful

312 on polo is a lie, see for yourself https://poloniex.com/exchange/btc_block

It's more like 50 at most


nope he is right

0.00025000   1249975.60675705   312.49390169

ok sorry, it's the block left...
G-Bert
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November 04, 2014, 12:23:25 PM
 #3112

We got any details on the escrow yet? Need to get that sorted before the bittrex refund I'd say.

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mxxxxxx
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November 04, 2014, 12:31:00 PM
 #3113

We got any details on the escrow yet? Need to get that sorted before the bittrex refund I'd say.

Not yet


We'll be releasing details about the escrow arrangement very soon. Things are progressing and we are close to be able to announce the details.


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November 04, 2014, 12:32:09 PM
 #3114

We got any details on the escrow yet? Need to get that sorted before the bittrex refund I'd say.

Not yet


We'll be releasing details about the escrow arrangement very soon. Things are progressing and we are close to be able to announce the details.


Is it going to be before the refund?

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synechist (OP)
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November 04, 2014, 12:32:20 PM
 #3115

We got any details on the escrow yet? Need to get that sorted before the bittrex refund I'd say.

Morning G-Bert!

Yes it is our number one priority right now, and getting it sorted before the end of the ITO is the goal.

I'm awaiting details. As far as I know the arrangement is largely in place.


Co-Founder, the Blocknet
G-Bert
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November 04, 2014, 12:37:08 PM
 #3116

We got any details on the escrow yet? Need to get that sorted before the bittrex refund I'd say.

Morning G-Bert!

Yes it is our number one priority right now, and getting it sorted before the end of the ITO is the goal.

I'm awaiting details. As far as I know the arrangement is largely in place.



Cheers Syn.

I'm only thinking about how it would look if this isn't sorted beforehand, that's all.

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Levole11
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November 04, 2014, 12:42:20 PM
 #3117

https://bitcointalk.org/index.php?topic=746191.msg9432928#msg9432928

For anyone who needs a good laugh.. Smiley
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November 04, 2014, 12:48:03 PM
 #3118

Amazing Smiley

I hope it doesnt inspire Blocknet participants.. Smiley
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November 04, 2014, 12:49:55 PM
 #3119

Amazing Smiley

I hope it doesnt inspire Blocknet participants.. Smiley

Haha , nope, you are good Smiley

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November 04, 2014, 12:59:30 PM
 #3120

Can you give us a status on how many BTC have been raised so far?

Time to make some tough decisions.  My gut tells me to get rid of everything ASAP but I'm trying to find reasons to convince me otherwise.

I do request that you spend some more time on the OP and website...they're both missing a good amount of information (I hope).

you can make the calculation yourself by summing all the BTC available in all the exchanges

Bittrex : 555.8

Polo: 312.3

Bter: 527.7

=

1395.8

2500-1395.8=1104.2 if there is less than 254.2 Bitcoin dump on Bittrex refund wall the ITO is succesful right now.

1100btc, what a great ICO, never seen this before.

blocknet coins are sold about only 290BTC on bittrex,  ITO must be successful

All this is assuming that 2500 BTC in BLOCK was spread among Bittrex, Poloniex and Bter. Which wasn't the case I don't think.

It looks more like ~300 on trex, ~70 on polo and <50 on Bter. With the 500 BTC BLOCK sold for alts that would make them above their goal. Hopefully we get a true reporting of final numbers from the exchanges. Not sure how this is going to turn out.
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