Re: INTERNET OF COINS ⛓ blockchain freedom (r)evolution [ CROWDFUND OPENED ]
Agent725 is currently traveling to Asia, will pick a few to answer;
Q: Will investors receive a percentage of token supply or a set dollar amount?
Participants of the crowdfund receive a set amount of hybrids solely based on the sum they transfer. The rewards mentioned will be transferred as a percentage of the token supply.
Q: What happens to tokens not purchased?
Leaving this one for Agent725.
Q: Also, how does your decentralized exchange compare to Blocknet?
I have not recently compared them. I remembered they announced late 2014 and coins could buy a spot in the network back then, plus I recall revenue based on network fees, these approaches are different from our non-profit inclusiveness incentive.
I'll respond to your inflation question as well, at a later moment.
All transactions are recorded separately for us as well, in case yours was not sent. We will contact every participant via e-mail before distribution of the assets takes place in July, to confirm the sender's data.
Been watching you guys since 2014. Nice to see you keep it up.
Thanks for following Q: Will investors receive a percentage of token supply or a set dollar amount?
Participants of the crowdfund receive a set amount of hybrids solely based on the sum they transfer. The rewards mentioned will be transferred as a percentage of the token supply.
Q: What happens to tokens not purchased?
Leaving this one for Agent725.
Q: Also, how does your decentralized exchange compare to Blocknet?
I have not recently compared them. I remembered they announced late 2014 and coins could buy a spot in the network back then, plus I recall revenue based on network fees, these approaches are different from our non-profit inclusiveness incentive.
Thanks for the replies, @Dotrego.
Some of that info disagrees with what @agent725 said.
E.g.:
agent725: "A: For HYBRID we will not be adding 1M tokens per cryptocurrency. "
vs
Dotrego: Future chains for other systems (preferably supporting multiple cryptocurrencies) are not planned as of yet. We did have some initial talks with interested devs (i.e ETC), but for now we focus on the current existing 7 types. A new type should have enough to match the others for liquidity, so 1 million (divisible) makes sense.
Agent725 is right. Technically we intend and prefer not to directly add cryptocurrencies, but rather sub-assetsystems which support the infrastructure. Any user can then start building recipes to hook up currencies to the network. Because a lot of currencies are just clones, and have the same API design. Added picture for clarification;Some of that info disagrees with what @agent725 said.
E.g.:
agent725: "A: For HYBRID we will not be adding 1M tokens per cryptocurrency. "
vs
Dotrego: Future chains for other systems (preferably supporting multiple cryptocurrencies) are not planned as of yet. We did have some initial talks with interested devs (i.e ETC), but for now we focus on the current existing 7 types. A new type should have enough to match the others for liquidity, so 1 million (divisible) makes sense.
Quote
Liquidity and 1:1 exchange rate
I'm not understanding how liquidity for 1:1 swapping could be guaranteed while the coins are not technically fungible.
Allow me to rephrase; we will be aiming for a 1:1 exchange rate and try to incentivize this. You are correct that you cannot enforce a 1:1 relation if the markets price assets differently; so the asset pricing will initially come from external market sources like the DEX'es. Just like we currently use an external feed for the sign-up form, to refresh prices. We are however thinking about building an incentive system for users to work towards a certain rate (like NUbits' algorithm did, but then without the necessity for massive centralized reserves). Perhaps Agent725 can shed more light on this.I'm not understanding how liquidity for 1:1 swapping could be guaranteed while the coins are not technically fungible.
I'll respond to your inflation question as well, at a later moment.
i purchase some hybrid and receive this message:
but i dont receive yet that email with the summary, Should i worry?
Please check your spam folder Quote
Internet of Coins crowdfund
Thank you for being part of our journey.
We have received your registration, and sent you an e-mail with this summary.
Thank you for being part of our journey.
We have received your registration, and sent you an e-mail with this summary.
but i dont receive yet that email with the summary, Should i worry?
All transactions are recorded separately for us as well, in case yours was not sent. We will contact every participant via e-mail before distribution of the assets takes place in July, to confirm the sender's data.