Post
Topic
Board Announcements (Altcoins)
Re: [ANN PoS+ PoW] eXocoin [EXO] - gen 2.0 - developed from scratch! Free Give-Away
by
eXo_coin
on 22/02/2014, 17:30:33 UTC
Please read   (to eye-catch you all that it is me, please quote me for those who will not read this)

Hello again,

yes I am writing a response to you (the last one until tomorrow around 15 o'clock).

Honestly if we would like to scam you then you will not see us anymore online. Then this would be the last post forever. The amount of direct investments is quite high even without any escrow money. If we would like to get everything well then we would have to deliver a product - and that is exactly what we are trying to do. I cannot guarantee that eXocoin will be a success (regarding what it's worth on an exchange or something) but I can tell you that we will not disappear and that we are going to release the whitepaper tomorrow.

The whitepaper will be something like a snapshot of what we actually really have programmed plus some features that are going to be integrated in the next days or weeks.
We are going to provide at least some screenshots (maybe a silent video or "open-alpha" in 1-2 weeks).
We see the whitepaper as a working paper. So we would like to request for comments on everything in it. We are going to rework the whitepaper with your response. Those questions you ask that are not answered in the whitepaper will be added as well then. Right now we are finishing the first version of the whitepaper. We are on-time for the release tomorrow. As of version 1.1 or 1.2 of the whitepaper (maybe in one week) we will add code snippets not only as proof but with request for comment as well if you like (especially about security concerns).

early-bird investments close in less than 5hours. At this point of time thank you again, Anon, for your escrow service and of course thank you at all investors no matter what sum.

We are thinking of either making only a 2nd stage (1st stage and 2nd stage would get both 2,5 % from 3rd stage). That stage would start in about one week and would be open until the end of the open beta.
Also, we are thinking of shrinking the mail-giveaway part a bit. It depends on how many people will apply for this giveaway. Right now we have 500 applicants. While this is good it is not good enough if you compare it to the high amount of investments. If we do the math it turns out that (say we get 1000 applicants till the end) each of them would get 10,000 EXO. In comparision you might get (just a value that *could* be nearly true, I do not have an overview on how much coins Anon is holding right now)  10000 to 12000 EXO for 0.1 BTC investment. So we do not think that 0.1BTC investment with high risks match a simple email application!

We will see how many applicants there will be in some weeks.
Since those people who applied under the condition that they get a 10%block did not have any risks or costs we think it is acceptable to shrink that amount and add it to all IPO stages so that a mail application might match a 0.04 btc investment or lower.

We might consider shrinking the mining part as another option (5-10%).

To be honest (and I think you believe that) we did not expect to collect so many money. That is why our early spreading plan might not work the way it is.
With making only one more stage and monitoring how mail applies will rise or shrinking the mining part we want to ensure that investors will get a fair amount for their money.

As for now we will do the following:
Tomorrow after the release of the whitepaper we are going to catch up with *ALL* PM and mails (well not sure but I guess this takes the whole monday as well). While doing so we will update the early-bird investors list as well. Then we have a clean picture of the situation and maybe can start a vote on what you would like to do (shrink mining/mail, cross out one stage, cross out interest block etc or everything at once).
We are not going to answer any questions regarding the whitepaper until we have done this. Thereafter (from tuesday on maybe) we would like to make a discussion about the whitepaper as mentioned above.

Next post: tomorrow when whitepaper is online.

Thanks for reading (right now still 130 PMs open although I answered quite some as well)