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Author Topic: Factoid - The Software Token For The Factom Network  (Read 11733 times)
FACTOM (OP)
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March 29, 2015, 07:32:26 PM
 #21

less than 48 hours till the factoids sale starts!  I expect this to crush Gems numbers in the first 48 hours!

Thank you for the support. We are looking forward for the sale to begin.  Smiley
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FACTOM (OP)
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March 29, 2015, 09:01:55 PM
 #22

tried signing up, but nothing happens after pressing the sign up button on the registration page>?

It will be live when the sale starts or a bit earlier. Koinify is at work on the page.
entertainment
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March 31, 2015, 12:35:20 PM
 #23

How many coins are on sale and what is the price?  How much are you looking to raise?


There is not limit. Investors will decide the marketcap. Each btc = 2000 factoids.



And they are going to dump the Bitcoins they get.


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March 31, 2015, 02:49:46 PM
 #24

Its had been asked earlier in the thread which jurisdiction the Factom Foundation is based.

I can now share that London is that jurisdiction. You will see this confirmed in the Product Purchase and Terms Agreements for the software sale which will go live in about 10 minutes.

The Factom team spent significant time evaluating which jurisdiction would be best and ultimately London proved to be the most friendly and clear in terms of their approach to the sale of software for the purposes of Factom.

Its good to see such a well established center for commerce being open to our community.

“The state is that great fiction by which everyone tries to live at the expense of everyone else.” ― Frédéric Bastiat
TomKoinify
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March 31, 2015, 02:51:29 PM
 #25



The Factom Software Sale is now currently running LIVE on Koinify.

https://koinify.com/#/project/FACTOM
djohnston
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March 31, 2015, 03:45:40 PM
 #26

On the question of the asset allocation strategy this was developed after looking at past events where value came into the software sale, but because of a swing in the price the project ended up with less buying power than they originally collected.

In order to avoid this issue with the Factoid Software Sale it was clear that the value collected should be hedged and diversified. This is part of why we engaged experts in this field and built a lot of options for when it comes to preserving the value contributed to the Factom Foundation.


“The state is that great fiction by which everyone tries to live at the expense of everyone else.” ― Frédéric Bastiat
FACTOM (OP)
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March 31, 2015, 04:55:30 PM
 #27

We are pleased to announce a collaboration between ShapeShift + Factom.
 
Read the details on our blog.


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March 31, 2015, 05:05:51 PM
 #28

So the devs get 30% of the coin and obviously the whole IPO. Stupid.
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March 31, 2015, 05:09:01 PM
 #29

Also how many community leaders and advisors do you need? Look at this http://factom.org/team
AlanX
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March 31, 2015, 05:42:26 PM
 #30

The Factom Software Sale can be found here:

https://koinify.com/#/project/FACTOM
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March 31, 2015, 05:53:42 PM
 #31

No mining phase ? No fun!  Sad
FACTOM (OP)
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March 31, 2015, 05:55:26 PM
 #32

Also how many community leaders and advisors do you need? Look at this http://factom.org/team

They are helping us in different parts of the world. The world is big Wink
AhmedAshraf
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March 31, 2015, 05:58:41 PM
 #33

Pm'd and emailed you Wink

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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March 31, 2015, 06:54:45 PM
 #34

Also how many community leaders and advisors do you need? Look at this http://factom.org/team

They are helping us in different parts of the world. The world is big Wink

What justifies the devs getting 30% of the coin in addition to the IPO?
fordlincoln
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March 31, 2015, 07:08:07 PM
 #35



They are helping us in different parts of the world. The world is big Wink
[/quote]

What justifies the devs getting 30% of the coin in addition to the IPO?
[/quote]
idk scam same as ripple
but send btc because of hype like i sent.
[/quote]

Uh. NO Ripple didn't even accept BTC and they also didn't have a token sale.

Factom actually has code! It's not hype so don't know where you got the idea from.
TomKoinify
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March 31, 2015, 08:17:30 PM
 #36

Sale is currently at 238 BTC!
PaulSnow
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March 31, 2015, 08:28:48 PM
 #37

Crowd Sale is now active!
FACTOM (OP)
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March 31, 2015, 09:19:07 PM
Last edit: March 31, 2015, 10:27:10 PM by FACTOM
 #38


Referral Rewards
Want Factoids? Factom is sending out rewards to the community, get 5% of all your Factoid referrals for the Factoid Software Sale.
Note - There is a 5% factoid reward on all referrals!

More info on our Blog
djohnston
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March 31, 2015, 10:08:25 PM
 #39

On the topic of the different Factoid pools, its fair to reward those that add their efforts to building a project, not just money contributed but also the time and energy of the team that makes it possible.

The important differences between Factom's token pools and those that have come before is:

#1. The bitcoin that is contributed during the software sale is locked by third party evaluators until milestones are reached. Meaning if the Factom Foundation doesn't deliver the code described in the milestones it doesn't get a dime.

#2. The Factoids rewarded in the genesis block are not the only ones that will ever exist. Most of the Factoids over time go to the parties that are ultimately creating the most value, that is the federated servers doing the auditing.

So if you look at the Future Issuance bar graphs on this page: https://koinify.com/#/project/FACTOM

After only 5 years the Federated Servers have been rewarded as many Factoids as the main software sale pool.

After 10 years the Federated Servers have been rewarded as many Factoids as all the other pools combined.

Meaning regardless of if the balance the team decided on was right or not, when it comes to the pools and who it is rewarding, the effect will drop over time to almost nothing on a long time scale compared to the main reward of the Factoids to the Federated servers auditing.

This is very similar to the Ethereum model of issuing a fixed number of Factoid rewards (as a percentage of the software sale total Factoids) every year to the Federated Servers.


“The state is that great fiction by which everyone tries to live at the expense of everyone else.” ― Frédéric Bastiat
BlackShibe1
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March 31, 2015, 10:43:26 PM
 #40

Great day
But i prefer to buy Nem !
https://bitcointalk.org/index.php?topic=654845.0

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