Quote from: yeezred on March 27, 2017, 12:15:06 PM

I bought in as soon as the ICO opened because I liked the idea of a decentralized marketplace but I do have some questions.

Thanks for your participation

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Is the IOC tradable for a currency? i.e I could spend .1 BTC to buy 1 IOC if that was the agreed upon rate?

If by IOC you mean the hybrid asset, then yes; you can buy them for cryptocurrencies or fiat at https://coinstorm.net/en/crowdfund. After distribution, we will help out in getting the asset listed on the decentralized exchanges.

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The plan is that the IOC will be 1:1 across blockchains, but then wouldn't that mean that the underlying blockchain would implicitly make the IOC redundant. What I mean by this is if someone buys an IOC with BTC, as given in the example above, then switched that Bitcoin IOC for an Ethereum IOC, then traded that Ethereum IOC for regular Ethereum, the transfer rate would be the same as buying Ethereum with Bitcoin right? Otherwise there would be arbitrage in the system.

So due to this, IOC's role seems to be to just provide a decentralized exchange, instead of centralized ones we have now like Poloniex. The system will make money based on the trading fees, which it will distribute in various ways including miners that have the hardware nodes.

Thus, my main question is how does the IOC coin itself appreciate in value if it's fixed at that 1:1 rate. To me, it seems that any profit could only arise from arbitrage or just paying less fees to switch cryptocurrencies.

Like I mentioned, the 1:1 rate is preferred, but dependent on market conditions. Arbitration could be a feature in this. Also, remember we envision the hybrid asset as functional part of the system. If two currencies can be swapped using atomic transactions, this will be the preferred method - and for this transaction the users' hybrid assets will not need to be used at all.

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I'm still new to this (been less than 3 months) so please correct me if I'm wrong somewhere in my reasoning and if not, then how IOC the coin itself will appreciate in value.

Basically the asset doesn't have to, to perform its technical function properly. All supported asset platforms (currently 7) need a fair amount of value allocated in hybrids, for the overlaying weavechain to recognize and use them if required as a matching mechanism. When the crowdsale ends, the hybrids will be priced at $2. Let's stay the marketprice is stable. With a promised non-compounded interest of (5+3+2)% this would make for a potential future value of $2.20.
Market speculation can be based on multiple things, most notably expansion: we as IoC have the intention to eventually connect all assetsystems with their cryptocurrencies. This is not part of the roadmap, as that focusses on the functionalities and not the content. To be able to use the hybrid swapping mechanism, new assets will have to be created on the added subasset platforms (just like we now created Ethereum hybrid assets, Bitshares hybrid assets, NXT hybrid assets etc.). We have promised 5% of these newly created hybrids of any chain to owners of the hybrids distributed during this round.
There are other funding rounds which focus on quick & high yields for community tokens. We focus on delivering our promises in the roadmap first, the token (hybrid asset) is funding that.

Quote from: Winslow Strong on March 28, 2017, 12:40:22 AM

What happens if less than 900k tokens are sold on a chain? Are 1M still issued, and if so how are they allocated?

Agent725 will incorporate this in his answer. This concerns inflation as well.

Quote from: AbsoluteT on March 28, 2017, 06:21:00 AM

After XEM or Waves die what will happen to the ppl holding the hybrid on those platforms

Nothing happens if a currency crashes, they are not linked. If an assetplatform is lost (like Omni) than any asset used there will suffer the consequences of course. If you do not want hybrids on a specific platform, send us an e-mail (info@) and we'll allocate your hybrids to the ones of your choice of the 7 platforms.

Quote from: metacoin on March 28, 2017, 06:32:58 PM

Hi Coinstorm team,

It is my understanding from the Florincoin [ANN] thread that there is a request to work with the Florincoin team on some functionality. Perhaps it would make sense to start with integrating FLO into the multiwallet.

I would like to reach out to open communication between your team and ours because collaboration could lead to the betterment of both projects in the future.

With kind regards,
Metacoin

Hi Metacoin, I know Matthias (szenekonzept) has sent out a request for development teams to sign up for cooperation at a later stage, assuming you're referring to that.
Right now, we are; running alphatest for basics with the ecovillages initiative; setting up the wallet for the assets of the crowdfund; daily working an the campaign.
So you can check the wiki for some developer documentation, test the processor on GitHub, and I saw user gramen already made a recipe for Florincoin in this thread (cool!). The IoC teams first focus will be on the integration of the asset platforms used in the crowdfund, so all participants can use it to manage their new assets. Send me your e-mail address and I'll invite you to the Slack channel so you and our devs can talk further