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

[Specialkey]

Uhm, you cannot make a withdrawal of your Blocknet Tokens from Bittrex? Or is it just me?

me too.

I think it has to do with the 800 BTC they will claim. If not you get refunded.
Pretty cool idea.

Bittrex's Statement for the ITO

Bittrex will be hosting the BlockNET ICO. 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 ICO; 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 ICO will value 2500 BTC across all exchanges.
* The ICO will run for 7 days beginning October 29, 2014 at 5am PDT and ending on November 5th 23:59:59 PDT
* The ICO 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 ICO is over we will verify there is working wallet, blockchain, and block explorer.
* ICO payment will be in a lump sum to BlockNet within 7 days after the ICO ends.
* No trading of the coin will be allowed until the ICO ends and escrow is released.
* ALL SALES ARE FINAL AND THERE WILL BE NO REFUNDS - by participating in this ICO, you are agreeing to the above terms.

Thx for information.

[1713884486]

1713884486

[1713884486]

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[1713884486]

1713884486

[GoldenBTC]

This is just another clone of SC wallet,nothing new.

[WhiteNotWright]

This is just another clone of SC wallet,nothing new.

I don't see a camel.

[dan7777777]

What is the total now? Last night it was at 816 BTC.

[myxamop]

This is just another clone of SC wallet,nothing new.

I don't see a camel.

LOL 

[sfc]

Uhm, you cannot make a withdrawal of your Blocknet Tokens from Bittrex? Or is it just me?

me too.

I think it has to do with the 800 BTC they will claim. If not you get refunded.
Pretty cool idea.

Bittrex's Statement for the ITO

Bittrex will be hosting the BlockNET ICO. 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 ICO; 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 ICO will value 2500 BTC across all exchanges.
* The ICO will run for 7 days beginning October 29, 2014 at 5am PDT and ending on November 5th 23:59:59 PDT
* The ICO 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 ICO is over we will verify there is working wallet, blockchain, and block explorer.
* ICO payment will be in a lump sum to BlockNet within 7 days after the ICO ends.
* No trading of the coin will be allowed until the ICO ends and escrow is released.
* ALL SALES ARE FINAL AND THERE WILL BE NO REFUNDS - by participating in this ICO, you are agreeing to the above terms.

I have read this statement. Where exactly does it say that you cannot withdraw your coins from the exchange?

[infazan]

best ico scam - https://twitter.com/Anti_Pump/status/527552242636042241

[infinitechaos]

Most participating coins are being dumped and developers will dump the participating coins from ITO, so future revenue for Blocknet is under pressure and will continue to be under pressure.

This is untrue. Developers are not dumping coins from the ITO. All coins from the ITO are to be held by the BLOCKnet and the expenditure of those coins are to be made transparent. Participating coins' market prices are likely falling as holders who were unable to use CoinGateway to buy BLOCK at a 10% discount are forced to sell their participating coins to get BTC to buy BLOCK.

This is just another clone of SC wallet,nothing new.

The wallet is indeed just a fork of some other coin. But that is irrelevant because the wallet only serves as a place to store the BLOCKs while the tech is being developed to exchange them for NHZ assets.

Sell orders below 25k, this doesn't look very good together with most participating coins being dumped.

The BLOCKnet team tried to get Poloniex to close their live market, but apparently they did not listen and there is very little that can be done about that. People are either trying to use this as an opportunity to take make a small profit on the 10% discount they received when buying coins at CoinGateway or as an opportunity to exit their position in a participating coin without having to dump down the market price of their coin.

And as I said above, I would suspect that the market price of coins participating in BLOCKnet are falling a bit today due to holders cashing out for BTC to buy BLOCK after the 10% discounted coins sold out so rapidly.

[BallOOner]

the only thing I don't get is why dev needs so much money? 1 million bucks, thats pretty greedy to my taste. And I'm not sure if the market will be able to support the 25k sat price at a 10,000,000 coin money supply

[moonchaser]

Distribution List / Richlist

Wow the top 10 spent an insane amount of BTC!
especially #3 and #4

So let me get this right. Top 2 persons own 54% of blocknet ??
Sweet  
One of them must be trx and they are staking the shit out of it.

[akula999]

So I have block in my wallet. How do I stake?

[qawzsx]

One of the issues I have with this type of ICO is that it holds so much bitcoins "hostage" that theres so much resistance to increasing price.

unlike other coins which get introduced, get pumped to a certain price with maybe 20btc buy walls, we might need 100btc buys to get it to budge a bit.

how the hell do we maintain this price level?? how many btc does bittrex have instore??

not trying to FUD but this is a legit worry I have before i dump my money here.

Legit questions?

You're a freaking cheap ass dump and run for quick buck guy. gtfo

[TheGift73]

So I have block in my wallet. How do I stake?

You need to open your Blocknet wallet.

Click on 'Unlock', which is at the bottom left of the wallet and enter your passphrase. (the password you used to encrypt the wallet) Then just leave it open to stake.

[sfc]

Uhm, you cannot make a withdrawal of your Blocknet Tokens from Bittrex? Or is it just me?

me too.

I think it has to do with the 800 BTC they will claim. If not you get refunded.
Pretty cool idea.

Bittrex's Statement for the ITO

Bittrex will be hosting the BlockNET ICO. 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 ICO; 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 ICO will value 2500 BTC across all exchanges.
* The ICO will run for 7 days beginning October 29, 2014 at 5am PDT and ending on November 5th 23:59:59 PDT
* The ICO 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 ICO is over we will verify there is working wallet, blockchain, and block explorer.
* ICO payment will be in a lump sum to BlockNet within 7 days after the ICO ends.
* No trading of the coin will be allowed until the ICO ends and escrow is released.
* ALL SALES ARE FINAL AND THERE WILL BE NO REFUNDS - by participating in this ICO, you are agreeing to the above terms.

I have read this statement. Where exactly does it say that you cannot withdraw your coins from the exchange?

Somebody has an answer to this that actually helps? While others can already stake their Blocks, i cannot withdraw from Bittrex. Is Bittrex staking for themselve?

[sandor111]

URO = red flags all over.  Post something productive please

Haha. Gugli has played you! URO is real, the event was real. http://uro.io/bcf/doc/bcf_prospectus.pdf

[pinkman12345]

the only thing I don't get is why dev needs so much money? 1 million bucks, thats pretty greedy to my taste. And I'm not sure if the market will be able to support the 25k sat price at a 10,000,000 coin money supply

I think your missing the point that 100% of the coins will be in circulation. No POW getting dumped, the only dumping will be from those who think this is for the quick buck, but with their own research will have seen that this project is being made ready in Q2 2015, so i don't know who who will be dumping before then.... if you do then you shouldn't have got involved in the first place.

[synechist]

the only thing I don't get is why dev needs so much money? 1 million bucks, thats pretty greedy to my taste. And I'm not sure if the market will be able to support the 25k sat price at a 10,000,000 coin money supply

2500 BTC is a limit, not a required maximum.

It's there so that people don't buy *more* than this amount; hence it's to prevent pumps.

If we raise less, then the remaining BLOCK will be destroyed, and the project will move ahead.

So really the situation is:
- we don't *need* 2500 BTC, we need a minimum of 850 BTC as stated in the OP.
- but 2500 BTC will maximise the chances of success of the project
- it's entirely up to public demand to determine how much funding we get.

[strunzdumm]

- but 2500 BTC will maximise the chances of success of the project

There is a chance the projekt can fail?

[Spoetnik]

the only thing I don't get is why dev needs so much money? 1 million bucks, thats pretty greedy to my taste. And I'm not sure if the market will be able to support the 25k sat price at a 10,000,000 coin money supply

2500 BTC is a limit, not a required maximum.

It's there so that people don't buy *more* than this amount; hence it's to prevent pumps.

If we raise less, then the remaining BLOCK will be destroyed, and the project will move ahead.

So really the situation is:
- we don't *need* 2500 BTC, we need a minimum of 850 BTC as stated in the OP.
- but 2500 BTC will maximise the chances of success of the project
- it's entirely up to public demand to determine how much funding we get.

Then why not just lower the amount to 850 then ?

And wow i had no idea until now but Staking ? 

So far i am hearing about a 100% premined coin being sold off that has so far raised a quarter of a million dollars and guys are staking already.

[WhiteNotWright]

It's almost like the kid down the street comes knocking on your door asking why your grass is so nice...