Quote from: SWTCoin on May 06, 2018, 02:38:09 AM

Quote from: pwrproperty on May 06, 2018, 02:02:01 AM

Quote from: trdrSWAP on May 04, 2018, 03:54:33 PM

...Continuation of An Idea to Use SWAT!

Check this screenshot from Yobit about the different options of ICO that are available.

https://i.imgur.com/ZEa8WVq.jpg

From among the various options we choose the 100% Buy Wall option which does not have any pre-pay requirement. What is this buy-wall? If you see the last ICO on Yobit it was for TAXI which was on 21 Feb 2018 and used the 50% buy-wall option with a 0.25 BTC upfront payment requirement. A 50% buy wall means there will be a buy wall created at 50% of the the ICO price using the BTC collected from the ICO.

This has lesser risk than the 100 % buy-wall option because in four days (that is time of lock in peroid for getting our ICO money) the is a very less probability that the price of the coin will drop below 50 % of the listing price. With the 100% buy-wall option the wall will be created at the actual ICO price and if the price drops below the listing price of the ICO the money collected during the ICO might get sold into and thereby reduce the BTC available to us after the four day lock in period!

We are targeting a price of USD 0.05 for the ICO, which works out to 519 Satoshi in BTC terms 0.00000519 BTC. During our initial discussions we had decided we will go for a BTC fork to get the participation of BTC holders and offer them an airdrop of the forked coin in the approximate ratio of 15:12 to get a good price for our coin. We dropped that and went on directly with the current idea. Now with this bold option we are choosing to go with let us offer 119 million SWAT for the ICO at a price of 569 SAT taking in to consideration the 10% fee we have to pay to Yobit post the ICO.

This works out to 119000000 x 0.00000569 = 677.11 BTC of which 67.711 BTC will be Yobit's fee. If everything goes well what we are left with is 609.399 BTC. This will take our project to a different level. We would have also raised our coin price to more than USD 0.05.

Already there are investors who wish to distribute our Pocket Miners in Russia, Nigeria, Vietnam, the US, Italy, Malaysia, Korea and India. We can ramp up production of our Pocket Miners, advance our release dates and take our coin to a much higher level much sooner than the earlier landmark dates.

In case the the ICO doesn't succeed Yobit will burn the coins and we just lose the cost of having developed the SWAT version of the coin. I don't think this will happen. We should take this risk with our SWAT coin is my strong belief. The success of the ICO depends on two things. One is Yobit accepting our application for ICO and the second investors not selling our coin below ICO price. Since the investors on Yobit are looking for good ICO's an if Yobit accepts this it will be the biggest ICO on Yobit till now with a good fees of 67.711 BTC fees, there is a strong possibility of Yobit accepting this ICO. We can offer good discounts during of pre-booking of Pocket Miners for investors who buy more than 10000 SWAT during the ICO and hold it till September 2018 to motivate investors not to sell SWAT after the ICO!

Looking forward to receiving your feedbakc and suggestions! I am sure every one in our community has the courage to take a bit of risk to achieve greater things soon!

Cheers Everyone!

Hye ,

i just to ask, it is next yobit ico sale about 119mil swtcoin will add with 150mil swtcoin current supply ?means
swtcoin supply will be 150mil + 119mil(yobit ico ) + 10mil(btc fork)??

correct me if im wrong

pwrproperty, This is a just a proposal as of now, to have an ICO on Yobit. Normally with any new coin after the pre-sale of the coin is completed using tokens that will be followed later by an ICO once the blockchain, wallet and new coin is developed.

We did our pre-sale using the SWTC tokens created on the WAVES Blockchain and platform. If we had done it with the ERC20 tokens it would have been on the Ethereum blockchain.

Only when we have our own blockchain on our own seed nodes, our own wallet and our own coin, we can discover the initial true price of the coin. Normally the ICO will be at a much higher price than the pre-sale. If you read my post on some calculations and projections I have mentioned that we can reach a potential price of USD 0.05 for our coin during the months of August, September October once we list on different exchanges.

But if we go for this ICO on Yobit (if they accept it) we can achieve this price much earlier probably in June and also generate huge amount of additional funds for the project. Since our coin will not be a bitcoin fork, if we go for the ICO with SWAT (assuming) the total issued coins will be as follows.

150 million SWTC tokens sold during pre-sale plus 1 million SWTC used for bounties after pre-sale = total of 151 million SWTC and this will be swapped for 151 million SWAT + 119 million SWAT used for ICO. So a total of 270 million SWAT.

But if we can do the ICO before the 1:1 swap and use part of the funds generated by the ICO to offer a buy back of SWTC tokens at very good prices let us say 25 to 30 times the original pre-sale price and burn the SWTC tokens which we receive in our buy back before we do the swap we can stabilize at around 200 to 220 million depending on the response we get for the buy back offer.

Please remember all these are just proposals at this stage. Nothing is confirmed as of now.

thank for the answer..always with swatcoin