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

[synechist]

synechist, I have one question I cannot find or missed maybe...
let's say some will surely sell their block when trex will be open for that 48h after end of ito...where will those block go? to trex or to the team? or will be destroyed, meaning we, who belive in project and  hold them, will own more % at the end?
keep up the good work & gl
cheers

They will be treated as unsold BLOCK and destroyed.

If enough are unsold for us to not make the minimum of 850 BTC, then all the BTC (and all the altcoins too) will be returned to BLOCK buyers.

[neo666]

Ok, thanks

[cryptico]

synechist, I have one question I cannot find or missed maybe...
let's say some will surely sell their block when trex will be open for that 48h after end of ito...where will those block go? to trex or to the team? or will be destroyed, meaning we, who belive in project and  hold them, will own more % at the end?
keep up the good work & gl
cheers

They will be treated as unsold BLOCK and destroyed.

If enough are unsold for us to not make the minimum of 850 BTC, then all the BTC (and all the altcoins too) will be returned to BLOCK buyers.

Can you tell us that the minum of 850 BTC including Alts sales is reached now? and how much has been sold in total BTC till now? Thank you.

[synechist]

Question for the XC Team.

If this has been asked and answered I apologize ahead of time.

Will a public ledger be posted with schedules for disbursement of funds and to whom as the project moves forward?

If this has not been addressed at all yet, I suggest it be so.  You have an opportunity to tighten up how things are run.  Obviously due to the FUD and otherwise unflattering posts, along with an ITO release perhaps not as fully thought through as was needed this needs to be done and advertised quite loudly.  

You've got a great opportunity here with Blocknet and if you don't lock down the details and make them crystal clear it will hurt everyone involved.

As an aside, I think the team needs to take personal responsibility to protect the asset value of XC holders.  XC is a Gem in an otherwise bland and shady community of coins, it's up to you guys to keep that Gem polished.

Synechist said the wallet are going to be public and transparent about on what  and when they spend it.

I'd like to see WHO is getting funds.  Not only will that drastically increase confidence in Blocknet, it will show the community that funds aren't being extracted all to the same person or persons.  As a group of investors fronting a minimum of 850 BTC I think that it is our right to expect and to demand this.  If someone decides that their identity is too precious to have their identity revealed to us then they have no business taking OUR funds as payment for anything.

I say this not to be hostile but to make sure both our interests and the interests of Blocknet are protected.

Yes we will be releasing information on who will have access to the funds - and equally importantly who the third party functioning as co-signatory will be.

Bear in mind though that if Foundation board members rotate then the people with signing powers will change too.

We're working to try get these details all ready asap.

[BitcoiNaked]

synechist, I have one question I cannot find or missed maybe...
let's say some will surely sell their block when trex will be open for that 48h after end of ito...where will those block go? to trex or to the team? or will be destroyed, meaning we, who belive in project and  hold them, will own more % at the end?
keep up the good work & gl
cheers

They will be treated as unsold BLOCK and destroyed.

If enough are unsold for us to not make the minimum of 850 BTC, then all the BTC (and all the altcoins too) will be returned to BLOCK buyers.

To prevent this, i think you guys should release the proof of concept before the ITO ends

[cryptico]

synechist, I have one question I cannot find or missed maybe...
let's say some will surely sell their block when trex will be open for that 48h after end of ito...where will those block go? to trex or to the team? or will be destroyed, meaning we, who belive in project and  hold them, will own more % at the end?
keep up the good work & gl
cheers

They will be treated as unsold BLOCK and destroyed.

If enough are unsold for us to not make the minimum of 850 BTC, then all the BTC (and all the altcoins too) will be returned to BLOCK buyers.

To prevent this, i think you guys should release the proof of concept before the ITO ends

Definetly

[synechist]

synechist, I have one question I cannot find or missed maybe...
let's say some will surely sell their block when trex will be open for that 48h after end of ito...where will those block go? to trex or to the team? or will be destroyed, meaning we, who belive in project and  hold them, will own more % at the end?
keep up the good work & gl
cheers

They will be treated as unsold BLOCK and destroyed.

If enough are unsold for us to not make the minimum of 850 BTC, then all the BTC (and all the altcoins too) will be returned to BLOCK buyers.

Can you tell us that the minum of 850 BTC including Alts sales is reached now? and how much has been sold in total BTC till now? Thank you.

I think so, but the past few days' FUD has put my calculation of these figures on hold.

Also, since Bittrex customers will be able to buy back their BTC in the 48 hours after the ITO ends, there's a chance that we will not end up with 850 BTC even if we have it now.

(On the other hand, the 48 hour refund opportunity means people can now buy BLOCK with no risk of loss, since they can sell if, after the ITO, market sentiment is not positive.)

[synechist]

synechist, I have one question I cannot find or missed maybe...
let's say some will surely sell their block when trex will be open for that 48h after end of ito...where will those block go? to trex or to the team? or will be destroyed, meaning we, who belive in project and  hold them, will own more % at the end?
keep up the good work & gl
cheers

They will be treated as unsold BLOCK and destroyed.

If enough are unsold for us to not make the minimum of 850 BTC, then all the BTC (and all the altcoins too) will be returned to BLOCK buyers.

To prevent this, i think you guys should release the proof of concept before the ITO ends

Definetly

Yes, or at the very latest, before the 48-hour refund period ends.

We're working on it, btw.

[McHammer]

blocknet will be benifitial to xc they said ..

[cryptico]

Did you see this on the XC forum?

https://alcurex.org/index.php/crypto/index

[policymaker]

Well this is an interesting post:

https://bitcointalk.org/index.php?topic=818939.msg9409605#msg9409605

Not verifiable of course, but hey.

oh man...

[MadGhost]

blocknet will be benifitial to xc they said ..

only time will tell the true

[duplan]

Why risk in this scenario , there will be plenty of people selling their initial stakes at a lower price … 
picking low hanging fruits as the situation evolves can be pretty much the best thing to do : wait

[atcsecure]

Well this is an interesting post:

https://bitcointalk.org/index.php?topic=818939.msg9409605#msg9409605

Not verifiable of course, but hey.

oh man...

Things that make you go hmm.....

https://i.imgur.com/EEc9xf2.png


and


https://bitcointalk.org/index.php?action=trust;u=138471

[atcsecure]

We are starting work on the proof of concept code, its public and open source.

https://github.com/atcsecure/xbridge

[TheGer]

Has the ITO coins from BTER been returned to Devs or are they still on the site?

Also, how many tokens were sold on BTER before it got taken down?

[cryptico]

Well this is an interesting post:

https://bitcointalk.org/index.php?topic=818939.msg9409605#msg9409605

Not verifiable of course, but hey.

oh man...

Things that make you go hmm.....

https://i.imgur.com/EEc9xf2.png


and


https://bitcointalk.org/index.php?action=trust;u=138471

whoooooo where did you get those png?

[NoobKidOnTheBlock]

So if what I'm reading is correct anyone that isn't happy with the ITO they bought into can sell their BLOCK back within 48 hours after the ITO ends if they wanted to? Is that correct?

[synechist]

Has the ITO coins from BTER been returned to Devs or are they still on the site?

Also, how many tokens were sold on BTER before it got taken down?

Bter is back and the sell wall is where it was before.

My guess is that they had a temporary technical issue.

[synechist]

So if what I'm reading is correct anyone that isn't happy with the ITO they bought into can sell their BLOCK back within 48 hours after the ITO ends if they wanted to? Is that correct?

Yes - though this is only for those who bought on Bittrex.