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racer2012
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October 28, 2014, 06:07:19 PM |
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So how does coingateway works
If I want to use my coins from bittrex for blocknet
Will coingateway have deposit address of each coins with blocknet to deposit and trade towards ITO and than send ITO to bittrex deposit address
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BitcoiNaked
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October 28, 2014, 06:10:57 PM |
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No matter how quickly the developers answer the surrounding questions about ITO, on crucial one is remaining: How many days before the ITO will all parts of the Blocknet software be opensourced?
It's not enough to announce some parts are/or will be available soon, The date for ITO is set and it is unacceptable without the complete set of software being inspected by the community.
On separate issue, it's a good idea to limit the ITO to Bittrex, it's more transparent that way and immune to arbitrage which will otherwise occur. There's no need to give incentive for trading the Blocknet before the ITO is over, price can only be lower, not higher, then the initial price while the supply of shares with initial price lasts.
XC still isn't open sourced. Why would they open source Blocknet? good point to consider. Read the OP unicornfarts. The Blocknet will be open source. Itod, as stated all over the place, the ITO is, in part, to raise funds to write the code. At present only part of the XBridge code has been written. It has not been open sourced at this stage. So after the ito how long will it take to write the code and when will blocknet be available for trading ? |
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Lyricz
Legendary
 Offline
Activity: 1455
Merit: 1033
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October 28, 2014, 06:17:27 PM |
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So how does coingateway works
If I want to use my coins from bittrex for blocknet
Will coingateway have deposit address of each coins with blocknet to deposit and trade towards ITO and than send ITO to bittrex deposit address
Yes, you can look at coingate how it works,...the page had added the blocknet-ITO. But you have to wait till the Blocknet-Client will be downloadable to generate your won Blocknet-Adress where coingate could send the blocknet-Tokens -- > any releasetime for the Wallet ? |
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sugarboy321
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October 28, 2014, 06:19:13 PM |
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Regarding the Multisig address for the escrow. There is a company that might be good for you to check out. www.multisigplus.com |
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mxxxxxx
Legendary
Offline
Activity: 2310
Merit: 1000
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October 28, 2014, 06:21:43 PM |
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So how does coingateway works
If I want to use my coins from bittrex for blocknet
Will coingateway have deposit address of each coins with blocknet to deposit and trade towards ITO and than send ITO to bittrex deposit address
Go to BlockNet ITO tab , choose your coin on the left then fill the form on the right with your BLOCK address (it can be address from your personal wallet or for example address from Bittrex Exchange) and hit Pay Now. You will be given then your coin address to deposit. |
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racer2012
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October 28, 2014, 06:29:34 PM |
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So blocknet shares address will be bittrex deposit add for blocknet?
Thanks
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Nuttynut1987
Newbie
Offline
Activity: 29
Merit: 0
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October 28, 2014, 06:31:34 PM |
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I've read somewhere that in the GMT+1 time zone ITO will start at 11.00am. But is this confirmed? and where has this been confirmed that indeed their time zone corresponds with this given time  |
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atcsecure
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October 28, 2014, 06:36:53 PM |
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So how does coingateway works
If I want to use my coins from bittrex for blocknet
Will coingateway have deposit address of each coins with blocknet to deposit and trade towards ITO and than send ITO to bittrex deposit address
Yes, you can look at coingate how it works,...the page had added the blocknet-ITO. But you have to wait till the Blocknet-Client will be downloadable to generate your won Blocknet-Adress where coingate could send the blocknet-Tokens -- > any releasetime for the Wallet ? The wallet will be released tomorrow morning when the ITO Launches at 5AM EST |
Join the revolution - XC - Decentralized Trustless Multi-Node Private Transactions
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mxxxxxx
Legendary
Offline
Activity: 2310
Merit: 1000
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October 28, 2014, 06:38:33 PM |
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So blocknet shares address will be bittrex deposit add for blocknet?
Thanks
Yes , you will be able to create the BLOCK address in your personal wallet and on exchanges |
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Revelation
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October 28, 2014, 06:39:31 PM |
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I've read somewhere that in the GMT+1 time zone ITO will start at 11.00am. But is this confirmed? and where has this been confirmed that indeed their time zone corresponds with this given time 5AM East is 10AM in Central Europe. US East is still GMT-4 |
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BitcoiNaked
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October 28, 2014, 06:42:31 PM |
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According to ITO rules " Shares purchased using a participating coin will be sold at a 10% discount. "
How does this work? So i get 10% more tokens if i pay with one of the coins that is added then if i would pay with btc?
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atcsecure
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October 28, 2014, 06:48:43 PM |
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According to ITO rules " Shares purchased using a participating coin will be sold at a 10% discount. "
How does this work? So i get 10% more tokens if i pay with one of the coins that is added then if i would pay with btc?
Correct |
Join the revolution - XC - Decentralized Trustless Multi-Node Private Transactions
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mxxxxxx
Legendary
Offline
Activity: 2310
Merit: 1000
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October 28, 2014, 06:53:48 PM |
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According to ITO rules " Shares purchased using a participating coin will be sold at a 10% discount. "
How does this work?
You will be able to buy BlockNet tokens at a 10% discount with participating coins through Coingateway.net For pricing, we'll pick prices of Blocknet tokens at the start time of the ICO based on a recent average (exact algorithm TBD). Then we'll deduct 10%, and put up a sell wall there. Any discrepancies in price between coins will be arbitraged by traders, and so the market will converge on a 10% discount no matter what coin you use. The value of participating currencies tracks the exchange rate of BLOCK. Any deviation up or down gives rise to arbitration opportunities between participating currencies, so their prices will all converge around their price relative to BLOCK. |
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mxxxxxx
Legendary
Offline
Activity: 2310
Merit: 1000
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October 28, 2014, 06:57:48 PM |
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I've read somewhere that in the GMT+1 time zone ITO will start at 11.00am. But is this confirmed? and where has this been confirmed that indeed their time zone corresponds with this given time ITO launches at 5 AM EST , you can use this site to check the exact hour in your time zone http://www.worldtimebuddy.com/ |
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mxxxxxx
Legendary
Offline
Activity: 2310
Merit: 1000
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October 28, 2014, 07:01:29 PM |
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No matter how quickly the developers answer the surrounding questions about ITO, on crucial one is remaining: How many days before the ITO will all parts of the Blocknet software be opensourced?
It's not enough to announce some parts are/or will be available soon, The date for ITO is set and it is unacceptable without the complete set of software being inspected by the community.
On separate issue, it's a good idea to limit the ITO to Bittrex, it's more transparent that way and immune to arbitrage which will otherwise occur. There's no need to give incentive for trading the Blocknet before the ITO is over, price can only be lower, not higher, then the initial price while the supply of shares with initial price lasts.
XC still isn't open sourced. Why would they open source Blocknet? good point to consider. Read the OP unicornfarts. The Blocknet will be open source. Itod, as stated all over the place, the ITO is, in part, to raise funds to write the code. At present only part of the XBridge code has been written. It has not been open sourced at this stage. So after the ito how long will it take to write the code and when will blocknet be available for trading ? You can see the project schedule in this PDF , BLOCK/BTC pairs will be still tradeable after the ITO |
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novirudarzg
Member
Offline
Activity: 104
Merit: 10
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October 28, 2014, 07:04:25 PM |
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i'll surely support this .. even after ito  cant wait to see how it works. |
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ndrog
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October 28, 2014, 07:12:58 PM |
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All pumped up for tomorrow Is it a matter of hours for us to download the wallet? |
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mxxxxxx
Legendary
Offline
Activity: 2310
Merit: 1000
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October 28, 2014, 07:15:08 PM |
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All pumped up for tomorrow Is it a matter of hours for us to download the wallet? The wallet will be released tomorrow morning when the ITO Launches at 5AM EST |
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BitcoiNaked
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October 28, 2014, 07:15:56 PM |
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According to ITO rules " Shares purchased using a participating coin will be sold at a 10% discount. "
How does this work?
You will be able to buy BlockNet tokens at a 10% discount with participating coins through Coingateway.net For pricing, we'll pick prices of Blocknet tokens at the start time of the ICO based on a recent average (exact algorithm TBD). Then we'll deduct 10%, and put up a sell wall there. Any discrepancies in price between coins will be arbitraged by traders, and so the market will converge on a 10% discount no matter what coin you use. The value of participating currencies tracks the exchange rate of BLOCK. Any deviation up or down gives rise to arbitration opportunities between participating currencies, so their prices will all converge around their price relative to BLOCK. Well i have BTC, LTC and Quark too bad they aren't part of the participating coins, i'll just buy some with BTC |
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ndrog
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October 28, 2014, 07:18:02 PM |
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All pumped up for tomorrow Is it a matter of hours for us to download the wallet? The wallet will be released tomorrow morning when the ITO Launches at 5AM EST Oh, I thought it would be available for download at some point today, to avoid tomorrow's download panic. Will the wallet be available on the blocknet site only or will be uploaded at various 3rd party download sites? |
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