Phase1: 600,000 tokens @ 1:1.20 OPENPOS tokens/each Special Buyback
Phase2: 1,400,000 tokens @ 0.000288 BTC = 403.2 BTC
Phase3: 3,000,000 tokens @ 0.000360 BTC = 1,080 BTC
Phase4: 95,000,000 tokens (in 2017) @ 0.000500 BTC = 47500 BTC
Total of 48,983 BTC (not including Phase 1) = $28,116,242
So, yes they are asking for well over the $20 Million dollars, my concerns are justified, rational and realistic. It is silly to tell me to buy T-notes ...
This is exactly why I told OP that posting/projecting such specifics about a Phase 4 is absurd. It results in this pointless, and circuitous logic that because Phase 4 is impossibly large we have no business conducting a Phase 2 & 3. Phase 4 doesn't exist ... it is like you are protesting Santa Clause' skid marks. Quite pointless.
Here is the inside scoop guys.
Blockpay++ will never get to a Phase 4. If things go well enough they will be acquired by a POS software vendor which can almost instantaneously deploy the software across millions of terminals and simultaneously coordinate an education campaign directed at its merchants. The acquirer will have no choice, and will gladly buyout token holders at a very handsome multiple of our original cost.
If it is an "inside scoop" then please provide documentation, otherwise let's stick to what we know. At the very least they have already stated their intention not to sell out. Words only I know, but it is their public statement. I do not want to undermine this project by letting rumor get the best of us, I do want answers to questions that seem to be ignored.
Devs have already stated that the 2017 projections and prices are preliminary. Near time development is what is interesting. Expansion capital will happen if they succeed in shorter term.
YES! Please! Dont get lost in assumptions and speculation!
The CEO Chris Hering Chris4210x has already taken community feedback about this into his thoughts and consideration! See statement from AltcoinScamfinder above and here:Limited Amount! Great discounts available in this pre-ICO, all based on Opening rate of 2017 ICO| Phase1: | 600,000 tokens | @ 1:1.20 OPENPOS tokens/each | Special Buyback |
| Phase2: | 1,400,000 tokens | @ 0.000288 BTC tokens/each | 42.40% Discount |
| Phase3: | 3,000,000 tokens | @ 0.000360 BTC tokens/each | 28% Discount |
| Phase4: | 2nd ICO | @ 0.000500 BTC tokens/each | Initial Price |
What if the price of Blockpay Tokens on the market exceeds your set ICO price of Phase 4??
Lets say I buy Blockpay tokens in Phase 1 today @ 0.000288 BTC tokens/each. Price rises to 0.001 on exchanges till 2017.
Assuming this, will the price of 2nd ICO still be @ 0.0005 BTC tokens/each?
Good question. I can not give you a qualified answer today yet. Let me come back to you.
Thats's alright! Thank you
Here is a pro tip for the traders: "If you can figure out which cryptos will have real world use, buy and hold those."The facts: "... there is a total of 100 million BlockPay tokens ever created. In the Pre-ICO only 6.5 million will be used in Phase 1 3, the rest will be locked into a reserve fund via multisig and used for a follow-up ICO." Source:
https://blockpay.ch/newsroom/investor-relations/After the Pre-ICO there will be on the market:
6,500,000 BlockPay tokens --> 93,500,000 BlockPay tokens locked away
Since only 4,400,000 tokens are actually on sale through Phase 2 & Phase 3 BlockPay can raise in this Pre-ICO a total value of 1,483.20 BTC. Thats $860,256. (Calculating with $580.00/BTC)
Right now I am very happy with the idea of BlockPay, Echo & Stealth and watching excited from the sidelines what Chris & Rodrigo will bring up in the future.
Keep it up. Thank You.