I have been following this thread for long. By the first IPO, I was happy with the detailed explanation from Grexx and SyRenity about initial distribution. Why the 15% or the 10% was required etc made sense. The final outlay about dev fund reflecting the amount of btc raised seemed good too. But then there was this:
https://bitcointalk.org/index.php?topic=654463.msg7602355#msg7602355This was just before the initial distribution. While it was later corrected by SyRenity to reflect the OP; now we have ended up with the same distribution (up to 25% premine for the guys). Now, IMO this amounts to double speak and constant moving goalpost by the team. So I am outta here.
PS: for guys who actually want to invest, at BTC at 650, here's what the whole coin will be worth:
250 BTC = 812,500
300 BTC = 1.02 million
350 BTC = 1.26 million
400 BTC = 1.53 million
450 BTC = 1.83 million
500 BTC = 2.17 million
Now the question is - is the current beta worth that much money? Think and invest.
The unanswered question is how many coins are going to be sold in the IPO. The OP says 80% of the genesis block. It does not say how big this block will be. Total coins to be mined is listed at 100Million. If the genesis block is a huge 1 million coins, and they raise even 250 BTC for the IPO, that makes each CRYPTI coin worth......25,000 satoshis!!!
Thats quite a high price for a new coin.
SO, what is the size of the genesis block going to be??