[ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure

[Sons_of_Crypto]

Blocknet...

[burner2014]

Hi all

Just to let you know that the Blocknet interim wallet will be released tomorrow!

These will serve to store your Blocknet tokens until they can begin earning fees, at which point they'll be redeemable for NHZ assets.

What about a whitepaper with more informations? Today?

[starblocks]

Only 1 day to go!

Also will Keycoin be added to the Blocknet?

[UnicornFarts]

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

figured it might be relevant

[crackfoo]

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

figured it might be relevant

At least they know how to track down Dan as the POD.

[demgains]

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

figured it might be relevant

At least they know how to track down Dan as the POD.

Dan revealed himself to the community and his location a long time ago. His linkedin is also available and you can probably find out more about him online. He's been honest in the XC thread since the start, especially providing transparency with the entire team including himself. It is one of the reasons to trust Dan, and why so many investors would rather invest in his development over some anonymous DEV. The proof of dev was only done for this project because it was probably anticipated that people would want it, even though all XC investors know exactly who he is already and have full trust in him.


As for the concept of the Blocknet, I dig it, but I'm looking at the trading pair of BTC and Supernet, and its been on a downward trend. I'm not sure what is going to happen in this ITO, but I might wait for a few weeks to assess the market and the further Blocknet development.

[TheGer]

It will trend downward as well after the ITO.  It cannot hold its initial value with no product to support it. 

One of the reasons I suggested staggered investment phases.  If people have a product in their hands, even a beta one they are more likely to hold for the future instead of selling once they see the price dropping.

Short sighted choice in my opinion but we shall see after the ITO offer is done.

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

figured it might be relevant

At least they know how to track down Dan as the POD.

Dan revealed himself to the community and his location a long time ago. His linkedin is also available and you can probably find out more about him online. He's been honest in the XC thread since the start, especially providing transparency with the entire team including himself. It is one of the reasons to trust Dan, and why so many investors would rather invest in his development over some anonymous DEV. The proof of dev was only done for this project because it was probably anticipated that people would want it, even though all XC investors know exactly who he is already and have full trust in him.


As for the concept of the Blocknet, I dig it, but I'm looking at the trading pair of BTC and Supernet, and its been on a downward trend. I'm not sure what is going to happen in this ITO, but I might wait for a few weeks to assess the market and the further Blocknet development.

[UnicornFarts]

Short sighted choice in my opinion but we shall see after the ITO offer is done

Not shortsighted at all if the primary goal is to raise as much money as quickly as possible.

Are they even going to mention what people will be on the Blocknet board before the sale?  Raising money without saying who's in charge of the money is a little carriage before the horse ...

[adhitthana]

It will trend downward as well after the ITO.  It cannot hold its initial value with no product to support it.  

Markets can do anything.  

This project could possibly capture peoples imagination. We will see.

[jackychan]

very intersting, waiting for ITO

[youngmike]

What's the price forecast after ito dump? 500sat? 

[McHammer]

trollscience in the deleted faq : add up all marketcaps of the paticipating coins and multiply it by the number of coins in the blocknet.LOL

now my version : add up all maketcaps and devide it by the number of coins in the blocknet , then devide it by 2 cause its a supernet copy.

as realistic as the other one imo

[mxxxxxx]

@McHammer

For those that continue to post in such a negative light on Blocknet, Listen up.

The Blocknet is here to stay. Pandora's box has been opened and there is nothing you or anyone else is going to do about it. Regardless of your continued attempts to defile, it will develop, slowly but surely. Your input will most likely be ignored unless there are valid points and less ripping and tearing at the core nature of what is being structured . It really doesn't matter how it compares to other systems being fashioned, there will be many depending on the camp, and that's the nature of competition. You are basically going to need to deal with it and partake in this particular historical movement or move along with your "side" projects or other great adventures. It's that simple. There is nothing keeping you here and there is nobody saying you need to get involved. If you don't wish to purchase within the ITO and take a little risks, move along skippy. We don't wish to listen to your bantering on and on with your narcissistic personality disorder and how you want to protect us from ourselves. Boo-hoo. It's unhealthy and frankly a little unprofessional and annoying.

[mxxxxxx]

Hi all

Just to let you know that the Blocknet interim wallet will be released tomorrow!

These will serve to store your Blocknet tokens until they can begin earning fees, at which point they'll be redeemable for NHZ assets.

What about a whitepaper with more informations? Today?

More info will be released today on the development timeline, budget and accountability measures for the funding

[mxxxxxx]

Are they even going to mention what people will be on the Blocknet board before the sale?  Raising money without saying who's in charge of the money is a little carriage before the horse ...

Good point.

Question:

1. Where will the coins be stored after ICO?

2. Who is managing the funds after the ICO?

3. Has every Coin the same Voting Rights for Decisions?

Thanks.

4. Moreover it would be cool to have a list of Coin Representatives (Main Dev of the Coins) so everyone could see there is POD!  (I know it but other people don't maybe..)

still there.

This.

After the ITO, Blocknet tokens can initially be stored in a traditional wallet. Once the Blocknet's tech is ready, you'll be able to redeem tokens for NHZ assets instead.

Funds raised during the ITO will be stored in their respective wallets and publicly accounted for. We're also looking into escrow solutions - potentially a structured escrow that only releases funds once we reach milestones, or returns funds to investors if we do not reach a milestone.

The Blocknet Foundation will manage the funds. (The Foundation will consist of a representative from each participating coin.)

Yes I see no reason for any coin to have less rights than another.

I like the Coin Representatives idea. Nice. We should organise that.

yeah the idea with the milestones and escrow is a good idea! It will give the whole project more confidence

What sort of transparency & accountability will be in place after the ITO in regards to the funds raised?  

So then the Community suggestion by GER about a partial ITO funding at the beginning of the ITO and then milestones funding was not taken into account?

Can you clarify on that?

Did not gave credit to the ones that were saying that this project will dilute yours and Dan job with XC...guess I was wrong.

I've previously clarified (apologies for not linking to this... it might actually be on the OP though) that TheGer's suggestion is a good one and that we're looking at potential partners for a structured escrow service, potentially based around milestones. This isn't to say that we'll definitely find a suitable partner that we're completely comfortable we can trust, but it does mean that TheGer's suggestion is a good one.

So, in terms of transparency and accountability:
- spending will be reported by the Blocknet Foundation
- budget and development plans will be published (before the ITO and periodically afterwards)
- an escrow service structured around milestones (that includes an auditor) is being considered

Since it's in our interest to build up as much trust as possible between us and the public, we have every interest to excel at all of the above.

[mxxxxxx]

What's the price forecast after ito dump? 500sat? 

On what are you basing your prediction ?

Only part of the XBridge protocol has been completed and this was not done in an open source way.

However the XBridge will be open source.

We're considering releasing the part-completed code to serve as proof-of-concept.

[TheGer]

If you wanna raise as much money as you can as quick as you can then sure pile it on...

If you wanna raise as much money as you can PERIOD...  Stagger the investment phases.

Hence...  Shortsighted.

If you want to use shortsighted goals for a long term project you only hurt yourself.

Short sighted choice in my opinion but we shall see after the ITO offer is done

Not shortsighted at all if the primary goal is to raise as much money as quickly as possible.

Are they even going to mention what people will be on the Blocknet board before the sale?  Raising money without saying who's in charge of the money is a little carriage before the horse ...

[sologap]

im wondering, why not connect/team this coin with XTC-TileCoin ? i think that would be BIG ?

[dan7777777]

Hi all

Just to let you know that the Blocknet interim wallet will be released tomorrow!

These will serve to store your Blocknet tokens until they can begin earning fees, at which point they'll be redeemable for NHZ assets.

What time?  I am in the UK. Will that be tonight UK time? What about the wallets on the exchanges? When can we create those?

[youngmike]

Blocknet ITO itself is sucking so much BTC out of the already stagnated alt market that there's not much space to grow   Even with this much tech and hype   So it drops below ITO price after quick flip profits   Everyone who disagrees is one of those who only want quick flip profits from the ITO hype