Re: [ANN][Qtum]UTXO based POS Smart Contract Platform

Qtum Exchange Update:

We have announced the Chinese exchanges that will host the Qtum crowdsale. Please keep in mind that we will host this on our website as well.

The listed exchanges are:

1. Bizhongchou (http://bizhongchou.com)
2. Yunbi (http://yunbi.com)
3. Yuanbao (www.yuanbao.com)
4. ICO365 (www.ico365.com)
5. Qtum official crowdsale website (crowdsale.qtum.org) coming soon

Please see our Blog: https://qtum.org/qtum-crowdsale-update/

Thanks for the information on the Qtum crowdsale. I have a concern to why it will be hosted on so many different exchanges/websites. How will you keep from over selling the 51million tokens? (reselling the same tokens) Will this be a fixed price for each Qtum? or will you just collect all the btc's from all the site and them calculate the quantities/price of each qtum for each investor?

I don't like this, there is no single western exchange on the list, I can see firstblood crowd sale scenario play out here, where the exchanges would buy all the tokens in few minutes and be sell at 2X 24hours later. I hope Qtum team would cap the amount of tokens on each exchange to get real investors to invest in the project

There is not a single top Chinese exchange in that list. They said they will organize the ICO with 3 top Chinese exchanges. I thought they were talking about exchanges like Huobi and BTCC.

Scams can and will happen in these smaller exchanges and like you said about the Firstblood crowdsale, the exchanges could play this. Another thing to worry about is that Chinese exchanges are very strict with bitcoin withdrawals because of the issue with PBOC. They might make it hard for you to send your coins to your wallet.