Quote from: ChronoLogic on August 26, 2017, 04:51:40 AM

Quote from: drwoo on August 25, 2017, 10:00:33 PM

Quote from: ChronoLogic on August 25, 2017, 03:17:38 AM

Quote from: fsluks on August 23, 2017, 10:36:55 PM

Hi Chronologic,

I am only new to this cryptocurrency world and just crawling with this whole Ethereum thing. This [Suspicious link removed] wallet has recently implemented ETHER Beta wallet.

As I am not getting along with this ETH Mist downloaded in my pc, I have the following Question: Will my blockchain wallet ID suffice to register for the ICO?

I have already registered for 28th with an address that I got from the Mist masternode software, but I havent got any balance there as I am not sure how to use it! (not your issue)

Thanks

Your ETH address is all you need to register for the ICO and you don't need a balance on your wallet until the 28th until you make the contribution, so you still have time to figure it out. If I misunderstood your question, you are welcome to join slack and we will try to guide you further.

Quote from: drwoo on August 24, 2017, 11:10:16 PM

Quote from: ChronoLogic on August 20, 2017, 01:29:38 AM

Quote from: drwoo on August 19, 2017, 03:19:05 PM

So how are much are you aiming to raise?

The hardcap is 38383 ETH, but the project has already received enough in pre-sale and pre-contribution funding to be successfully completed.

Quote from: gristinvest5 on August 19, 2017, 11:23:02 PM

ChronoLogic, If you had to explain this whole concept to a 10 year old how would you explain it in simple simple terms to someone that young without a ton of crypto knowledge? Very simple in plain english terms. No fancy crypto terms. Just wondering as if something can't explain or be understood by a 3rd grader I have never really invested in it. I want to invest in your ico but I want to see if this can be explained in very very simple terms so a 3rd grader could understand it. It seems half the grown ups don't understand the entire concept and only a few so please explain in very simple terms from the ico going on down the line. The concept in simple terms, the reason to invest in the short or long run and reasons to just hold the coin for value. Say someone just holds the coin for 5 years without doing a thing should he expect a great return on investment?

I will try.

Basically by contributing in the ICO you are able to mint/self-mine new tokens on your ethereum address (this is called a TimeMint) based on the balance and the amount of time you hold it. Similar to how an interest bearing bank account pays out.

Other time based projects will then be able to run on the same system creating more value for DAY tokens.

As for whether one should expect a great return on investment, people at ChronoLogic obviously believe so but the only person who can answer that is you and anyone else who contributed or is planning to contribute.

Very cool, this is extraordinarily good news. Curious whether people will decide to invest during the ICO or just wait until it gets listed on exchanges. Have there been significant discounts during the pre-ico so that those coins might get dumped straight away?

Only the first 33 TimeMints received a discount.

what does that mean in concrete terms? The first 33 TimeMints, is that somehow significant in terms of overall supply or negligible?

Since everyone receives 24 DAY per ETH contributed the overall supply will depend on whether the ETH hardcap is reached, in which case those with the bonus will represent a small portion of the token supply.

The bonus given to the first 33 TimeMints ranges from 1% to 33% so the average is somewhere in the middle, much less than most projects. We will try to release exact numbers as soon as possible.

Since early TimeMints also have a higher minting power we believe it is unlikely they will wish to dump their tokens as soon as it hits the exchanges.

Ok thanks. Could you already come up with more precise numbers?