Post
Topic
Board Announcements (Altcoins)
Re: [IoP] Fermat presents the Internet of People App Token
by
LiskQH
on 10/12/2016, 11:14:15 UTC
Q:Perhaps we not misunderstand each other. But it is not my fault. You have chapters in Russia but it does not do anything (however as well as all your chapters). He did not answer one of my questions. Everything that it does, it sells the coins at the exchange.
A:I think so also, for you to understand what role i play in all this. I Joined in early Oktober this year when all this Chapter Concept started, was the first and built Swiss Chapter together with Amadeo, testing and was the one that set the standards for other Chapters to follow (social media, POA, involvement). Chapter governance system is something never done before, you cant expect Chapter network model to be running perfectly this early. i can tell you didn't do any research and i don't have time to take you by your hand and guide you. i recommend you start reading here.
 
Q:Probably, they should leave a weak point, and will go to a forum to give answers to people.
A:?

Answer to these questions step by step:

1. Q:The limited number of people is engaged in production now. About 40 people. Correctly?
A:I guess by production you mean mining? i think more than 40 ppl are mining, since some chapters have more than one member. How many exactly, go check spreadsheet and count them yourself i will not do it for you. In github there are in total 76 contributors to the code since beginning..

2. Q:Now, it is available 2112258 IOP as you told. From where this quantity of coins undertook?
A:10% premine=2,100,000 IoP, rest is/has being mined by Chapters

3. Q:Who possesses these coins?
A:Who possesses premine IoP you mean? it's all documented, if you want to review it ask Luis for access to spreadsheet. The rest is being fairly distributed in form of Mining and POA (Proof of Action). read Chapters

4. Q:You want to tell that investors bought 2112258 IOP?  
A:Premine was 10% means 2,100,000 IoP, how many was bought and at what rate and what was distributed is something you can see on that document. ask Luis for access.

5. Q:You say that they bought them on 12 dollars? It means that you have 24 million dollars now?
A:contributors, developers, bug bounties were paid out in form of IoP at $12 convert value. means they received IoP tokens in converted value of 1IoP=12$ for various tasks. What investors paid, ask Luis.

6. Q:If it not so, then tell what exact quantity of coins was bought by investors? And how many at you is dollars?
A:ask Luis or marmai per PM. i don't have this information.

Facit: i can understand your concerns, still you need to understand that Fermat project is not dependent on your investment and nobody asked you to invest or buy. only thing you all are kindly asked is to join and create decentralized Chapter network of trusted full nodes necessary for further evaluation and success of this project. you are even being incentivized by joining this early..  Cool


Thanks for your answers, is a pity that the Russian Chapter, not also well works as you.

There are some guarantees that 10% of premine (this 2100000 IoP) cannot be brought to market any minute?

You have to understand my concern, and looking at your rank you have to remember 1001 cases when it happened to different coins. Not all people are honest, unfortunately.

Therefore, the community has to know this information to be sure.