Tau-Chain and Agoras Official Thread: Generalized P2P Network

[IggySe7ven]

i think that the tentative buyers dilemma is unsolvable without causing damage to any group.
therefore i'll refund anyone who is not interested in locking.
lockers will get june's price, up to a total limit of 4.2m tokens. the rest will be refunded.
this can mean that each tentative buyer will get a refund of more than half the btc amount deposited. we'll know better once we finish refunding all nonlockers (or refund askers, though they all got refund promptly already). please let me know asap.

WOW this dude is only promising to refund half of  whatever people bought,  once again, makes new sh1t up, why didnt u say you will refund half during the sale, when someone says you get a refund it is automatically expected to be full unless specified,

what a scam artist,  this guys word means nothing.

In case anyone has missed this, Iggy7en appears to be spamming.  Contributors can still withdraw their full amount.  Watch him post again with more disinformation to stay at the tip of the thread

its not full, you only get half refund, something he didnt say till now.

ok let's keep thinking and maybe revise the decision in 24 hours

        c. in several hours from now, i'll send to the remaining tentative buyers the unlocked tokens according to 66c cents (and corresponding btc refunds).

Please allow more than a few hours for us to decide.  This is a rather difficult decision, and you just now presented us with very different information (i.e. the price) than we had been led to believe prior.  Please do not send any coins today. 

I propose end of day July 3?

there's time to decide, nothing is irreversible upon agreement. we just have to finish this all not after 5th of july.

back to the above point,
can look at june's prices in cents.
can also look at them as %% of market price. and they were quite in the middle of the market price (~25c on market mostly, and unlocked price as high as 37c, or 19c after full wholesale discount). that's why we wanted to raise the direct sale price x2 or x10 (not to pump the price on bittrex. which wicked mind would think i'll do such a thing? im not taking money from pumps or fancy-buzzwordy websites or any world-destroying activity, im not such a low life form).
so,
june's prices can be seen in terms relative to the market price. one might claim that this is an even more accurate way to look at the price. the number 19 or 66 are not typological numbers. people decide to buy or not according (but not only) to market price.

i hear you. and i heard also dozens of more opinions, and with all respect, you're the only one thinking so. i can reconsider everything but i need to see a wider consensus

as promised, following is the status, some discussion, and decisions:

1. ~$2m pending on the tentative sale address. add to that some more funds i got in alts, ~100btc worth.

2. 60% of all tokens were sold (initially we planned to sell no more than 50% before tau is ready), i.e. ~25m tokens out of 42m. that's aside the tentative sale. we decided to dedicate between 3m to 4.2m tokens to the tentatives.

3. june's price was around 16-37 cents, depends on amounts and lock/unlock.

4. curernt market price is ~70c.

5. for unlocked tokens, only, it seems reasonable to distribute 3m tokens for ~$2m, i.e. ~66c a token.

6. locked tokens should get much more discount, beyond the normal 15%, on this case. more towards june's prices.

7. therefore we suggest two rounds:
        a. people who are interested in an immediate refund, can ask for it now.
        b. people who are interested in locked tokens, let me know, or in the worst case, we'll lock your tokens afterwards.
        c. in several hours from now, i'll send to the remaining tentative buyers the unlocked tokens according to 66c cents (and corresponding btc refunds).
        d. after we know the amount of money interested in locked tokens, we can offer a price in june's range, with limited supply. the whole over-60% sale will not exceed 4.2m tokens whatsoever (namely a refund will take place accordingly).

im down 40%. Dont know wth to do honestly

You hold is what you do... if you missed riding the correction then just stay in the position you're in.

I admit I broke my own rule today, do decent research.
I woke up to all these tweets by that PND jerk winningtrades4u. he was spreading tons of hype about a 10x(!) increase based on end of todays closing price.  I was like "that cant be correct you cant automatically increase the price of a coin."  He links to the steemit/Reddit posts about this supposed 10x increase and i thought "okay, so it might be 10x the 30 cents, thats decent, buying at $1.50 seems reasonable for that."
Bought, and then tanked :p
Been doing research all day, regret this decision and now realize the twat did absolutely zero research.  I messaged him about why hes claiming a 10x increase on end of day price and he said "I got in on the presale on bittrex last night. Tomorrow it is 10x!" I was like "presale isnt on bittrex, its straight from Dev, wtf are you talking about".  He blocked me thereafter.  Lesson learned. Do OWN research.  As such, idk what to do here.

i didn't block anyone. i'm flooded with hundreds of messages and i cannot get back to everyone on time. in fact that's how it all began.. i posted at the end of may that the direct sale price will be increased x2 in 1st of july because i was indeed flooded by messages, and, the market price was above the direct sale price (at that period of time and still) so it made no sense.

[AEA]

Hello Ohad,

I would like to offer my services. Currently a lead front-end developer for a company, building a web application. Have experience with Javascript, HTML, AngularJS, ReactJS, NodeJS, Java, Postgresql, MySQL, PHP, Docker, Grunt, Gulp, etc.

you can check me out on GitHub and Stackoverflow under fayzaan.

I can help with building a new website and also help with programming. I can work for agoras tokens instead of cash. I have already invested 8500 tokens and bought at around .70/.90usd. I was really hoping it would go to $4/$5 so I could pay off some debts but oh well..

thanks

Very much appreciated brother. I've also committed to the the same. As stated before though, the website isn't necessary at current. It's been decided by the holders that he should go for the product first. The product requires a more technical understanding than your experiences listed. When the website is needed, Ohad will let everyone know for sure and that's when we can jump in.

[Winslow Strong]

june's price is one price, not several groups.
the lock is until the final agoras coins will be ready. the current tokens are just to mark holding on the final ones. this is after tau is ready, then the dev of agoras begins. can take +1y

I'd like to be totally clear on this deal.

Could you name exactly what the June price is? And if it will be reduced for large purchases (as it was in June)?

So Tau must be ready for release before tokens are unlocked.  That is clear.  But will the token be available when Tau is ready, or only after Agora is ready (which will take more time)?

Is the +1 year estimate the estimate for when the tokens will be available?

Still waiting to have the exact proposal spelled out in precise writing.  No way to make a decision until you give us the details, Ohad.  Most importantly, the price, and large purchase discounts. 

And when we do make a decision, how would you like to be contacted? 

[ohad]

june's prices are listed here https://docs.google.com/spreadsheets/d/1EjW1s66T75vnWh7WSzuP0vxcx1vdwlqCm2JOmlVlPOg/edit#gid=0

[Winslow Strong]

june's prices are listed here https://docs.google.com/spreadsheets/d/1EjW1s66T75vnWh7WSzuP0vxcx1vdwlqCm2JOmlVlPOg/edit#gid=0

Thank you.  Please confirm that the discounts apply for larger purchases (given that you don't exceed the 4.2M coins you are willing to sell for this sale). 

[ohad]

june's prices are listed here https://docs.google.com/spreadsheets/d/1EjW1s66T75vnWh7WSzuP0vxcx1vdwlqCm2JOmlVlPOg/edit#gid=0

Thank you.  Please confirm that the discounts apply for larger purchases (given that you don't exceed the 4.2M coins you are willing to sell for this sale). 

sure

[Winslow Strong]

Last question (I hope!). 

That sheet stops at 110k coins purchased.  I assume that if we are purchasing more than that at once, that all coins after 100k are priced at the same 50% price that the last 10k coins are priced at.  I know this may seem pretty obvious, but with this amount of funds at stake, I need to have complete clarity on this.

Thank you!

[ohad]

Last question (I hope!). 

That sheet stops at 110k coins purchased.  I assume that if we are purchasing more than that at once, that all coins after 100k are priced at the same 50% price that the last 10k coins are priced at.  I know this may seem pretty obvious, but with this amount of funds at stake, I need to have complete clarity on this.

Thank you!

right

[HIIMHOHAHA]

Dear Ohad, when do we restart the sales of 4.2m tokens? How long do we have to wait?

[ohad]

it'll take faster if more people tell me their preference (lock/refund). in any case this whole thing cannot continue past 5th of july

[HIIMHOHAHA]

it'll take faster if more people tell me their preference (lock/refund). in any case this whole thing cannot continue past 5th of july

After 5th of July, people who doesn't tell their preference to you will get a refund? Thank you!

[ohad]

it'll take faster if more people tell me their preference (lock/refund). in any case this whole thing cannot continue past 5th of july

After 5th of July, people who doesn't tell their preference to you will get a refund? Thank you!

for sure. might be before

[freet0pian]

Ugh, so now you're selling tokens at about half the current market price or lower.

Been following this project for a long time but this doesn't sound fair at all.

[ohad]

Ugh, so now you're selling tokens at about half the current market price or lower.

Been following this project for a long time but this doesn't sound fair at all.

clearly you have no idea what we speak about here.
so go away.
i'm the only nonsmart allowed here.

[freet0pian]

Ugh, so now you're selling tokens at about half the current market price or lower.

Been following this project for a long time but this doesn't sound fair at all.

clearly you have no idea what we speak about here.
so go away.
i'm the only nonsmart allowed here.

Well you gave people the chance to buy AGRS tokens before July 1st directly from you for an undisclosed price. I too thought of buying that way but assumed you'd be selling around the market price + the added bonus of getting a discount for large purchases.

Now it turns out that people who sent you btc on the 30th of June will be getting tokens at minimum for half the price of 30th of June or today. I don't see the fairness in that.

Or are you saying that only people who sent you btc before the recent price climb, i.e. before 12:00 GMT 29th of June, will be getting the tokens at half the price? Now that would be fair as market price was also half of what it is now.

[ohad]

Ugh, so now you're selling tokens at about half the current market price or lower.

Been following this project for a long time but this doesn't sound fair at all.

clearly you have no idea what we speak about here.
so go away.
i'm the only nonsmart allowed here.

Well you gave people the chance to buy AGRS tokens before July 1st directly from you for an undisclosed price. I too thought of buying that way but assumed you'd be selling around the market price + the added bonus of getting a discount for large purchases.

Now it turns out that people who sent you btc on the 30th of June will be getting tokens at minimum for half the price of 30th of June or today. I don't see the fairness in that.

Or are you saying that only people who sent you btc before the recent price climb, i.e. before 12:00 GMT 29th of June, will be getting the tokens at half the price? Now that would be fair as market price was also half of what it is now.

we completely refund all unlocked buyers

[KlinkendeMunt]

i'm the only nonsmart allowed here.

so besides endless talk about how and timelines when to still buy in cheap etc because everybody wants to get rich quick: Can we expect tauchain/agoras to be delivered on time and when it's done? That would be awesome! 

It's not like I can provide a formal argument for Tauchain's existence or something; I am not that smart...

[ohad]

i'm the only nonsmart allowed here.

so besides endless talk about how and timelines when to still buy in cheap etc because everybody wants to get rich quick: Can we expect tauchain/agoras to be delivered on time and when it's done? That would be awesome! 

It's not like I can provide a formal argument for Tauchain's existence or something; I am not that smart...

sure, when it's done, no delays will occur, the contrary

[freet0pian]

we completely refund all unlocked buyers

So this means that people who sent btc to you for the "tentative sale" on the 30th of June and also locked their tokens will be getting the tokens at half the market price of 30th of June?

[ohad]

we completely refund all unlocked buyers

So this means that people who sent btc to you for the "tentative sale" on the 30th of June and also locked their tokens will be getting the tokens at half the market price of 30th of June?

see my "last posts" for explanation what locked tokens means