Quote from: FunnyAttitude on February 25, 2018, 11:56:16 AM

Quote from: Bitschoolai on February 25, 2018, 11:20:14 AM

Quote from: FunnyAttitude on February 25, 2018, 11:06:59 AM

Quote from: Bitschoolai on February 25, 2018, 10:59:18 AM

Quote from: FunnyAttitude on February 25, 2018, 09:12:22 AM

Quote from: Bitschoolai on February 25, 2018, 06:12:29 AM

Quote from: hotcoin1234 on February 25, 2018, 02:52:24 AM

So till now has BITSCHOOL reach a price point for its tokens?

Hi hotcoin1234,

I'm not sure what you're asking. If you are asking about our token price in terms of dollar, our BSCH is tied to ETH and the equation is 1ETH = 6000BSCH, so price fluctuates with the ETH movements. So today we checked and the ETH is about $850, that makes our BSCH about $0.14 worth. Hope this answered your question, if not, let me know anytime. Have a great day^^

Best,
BitSchool

Can i also see it in a way that BSCH is affected by the price movement. What if the price of the eth double, aint your BSCH will become more expensive and your total hardcap will double? Or do you have any backup plans if such situation happens. Do take note that it has happened during the 2017 nov to dec period whereby eth increased by x3.

Hi FunnyAttitude,

Totally right, as our BSCH is tied to ETH, that situation can happen and vice versa. But I think this is the same for any financial instruments. For instance, IPOs have the same movement issues and that's why people invest in stocks actually...to capture the upturn. And when the market turns the other way, people loose money. This is why companies adopt hedging mechanisms and that's how investment banks earn their fees. The same logic applies to coins (although whether to treat coin as securities or currency is uncertain in some countries and even those which implement some kind of regulations, they differ) and we will have to plan some hedging mechanisms so that a significant drop in our coin's market value would not negatively affect our development plans. However, as you mentioned, if our coin triples, it might be a possibility that we will have more fund than we need, but it would be better than having less. Also even in that case, like I mentioned, we have to prepare for any potential drop in the coin's value, again, so that it would not hamper our development roadmap. One aspect we implemented to help stabilize our coin value is our Embedded Put Option and the 50% discounts extended to our AI products. When we designed this measure we hoped it would help to keep our coin's value even during times when our token's market value drops significantly. FunnyAttitude, if you have any good ideas to stabilize the coin value, it would be real nice if you could share them with us^^; Would be an interesting discussion.

Best,
BitSchool

Thanks for explaining, i am actually referring to investors perspective. For example, i was involved in one ico whereby i invested 10eth when eth was $300 each. So to me, each tokens that i got is $0.10. However, during the crowdsale, the eth price is about $900 and the tokens are still pledge to eth, then those investors participating in crowdsale is very angry because now each token become $0.30 and they are exposed to dumping by presale.

Hi FunnyAttitude,

I like your BTT ID very much by the way, makes me smiling^^ Yeah, I totally understand the frustration and anger this kind of situation would cause to the investors. But that's not controlled by the issuer, right? The opposite can happen too (and it does) and the issuer has to take that risk. Just one question though, 'exposed to dumping by presale', how can it be dumped after presale? The token distribution would be processed after the ICO is finished most probably....Also as we already have determined the tie between our token and ETH, the situation you mentioned should be taken into account when investors make their decisions, but do you have any good alternative ideas to price the altcoins? Cause I thought about this aspect too, but couldn't come up with a better mechanism other than our Embedded Put Option.

Best,
BitSchool

Haha thanks. I am always like to test on the structure to see how well prepared by the ico team. Especially a lot of them are very un-experience to the ico platform.

When i mean by dumping by the presale, it refer to being dumped by the pre-sale/private investors. Actually even now the pre-sale/private investors can sell the tokens at 50% below the usd price of crowdsale and they can still profit from it. In addition, if the ico sale has a huge portion (>75%) is sold to the pre-sale/private sale, in this way there is hardly any point to participate in the crowdsale and should just wait for the token to hit the open market.

There are already many ico that comes with plans to try to balance both the investors in both pre-sale and crowdsale. The plan has to really customize to the situation so that it will bring the max benefit to everyone.

Hi FunnyAttitude,

I got it. You should invest in BitSchool. First of all, we don't have private sales where we will give deeply discounted tokens or tokens with huge bonuses to pre-selected investors. Second, our tokens will be distributed after our ICO is complete, it's set forth in the whitepaper under the '6. BitSchool Token Sale' section. Third, the tokens distributed to the Founders, Team and Advisors have a mandatory holding period of 180 days. So I don't believe under this structure, the unfair situation you mentioned can occur. However, if you have any concerns with respect to this structure, do not hesitate and let us know.

Also I totally agree that you have to challenge and test the ICO teams. This, including the whitepaper, is the most effective way to check every unturned stones and mitigate your investment risk. In this regard, we are welcoming any concerns, questions, inquiries, or challenges you want to pose to us, and we will do our best to not only address them, but also convince you that BitSchool is the real deal^^

Best,
BitSchool