Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Silk Network: Silk(SLK), DarkSilk(DSLK) and Weaver
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SilkNetwork
on 11/10/2016, 01:51:16 UTC
Quote from: inlovewith on October 11, 2016, 12:56:39 AM
Quote from: SilkNetwork on October 11, 2016, 12:44:38 AM
Quote from: inlovewith on October 11, 2016, 12:41:14 AM
Quote from: Orestes on October 11, 2016, 12:23:51 AM
Quote from: inlovewith on October 11, 2016, 12:18:40 AM
Quote from: SLievensDRKSLK on August 30, 2016, 03:49:09 AM
Quote from: AltcoinScamfinder on August 30, 2016, 03:46:44 AM
Maybe send Poloniex an email. Since Silk is being delisted that is.

Silkcoin(SILK) is being delisted and we have messaged them, without reply.

We no longer support Silkcoin(SILK) and simply offer a swap 1:1 from the old Silkcoin(SILK) to the new Silk(SLK).

All further communication will be carried through the user SilkNetwork.

Please message the user SilkNetwork for questions aimed at the Silk Network and these will be relayed through to the relevant department.

So this is a relaunch of another coin? But I also see on the website that something like 69 BTC have been invested. Does that mean those who invest will share the coins with the holder of the other coin?

69 BTC and 1,800,000 SLK has been invested into DSLK.
DSLK is a new coin that will co-exist with SLK.

SLK has been relaunched.
DSLK has yet to be launched.
These chains will both be autonomous.

I'm glad that more than 69 BTC have been invested, so feel better for the people behind the project. How much are those 1.8 SLK worth in BTC?

~28BTC at current market value, however, these won't be sold for development funds.

Some will be paid to developers etc. within the team whom will, hold and stake, maybe trade small amounts, but never dump Wink

The rest will be held in the Silk Network treasury wallet as the asset they are.

And how much BTC would be a good amount for the team to raise for them to continue developing comfortably?

With a team of 8 (not all contributing the same amount of work), work done and work to do being taken into account, ideally the 5 developers should receive a fair wage for what they have completed and have to do.

Matthew, Spencer, Greg are full-time and Amir & Ahmad are part-time developers. Mark and Romeo works full-time on the project. Jan produced the graphics.

On top of the development costs, are the server costs, domain costs and the cost of instances for Stormnode hosting.

All in all, an ideal figure would of been around 700BTC, however at the rate of the ICO and the time left, we are looking at hitting between 100-150BTC.