Quote from: policymaker on October 20, 2014, 11:35:49 PM

Quote from: Zugzwang02 on October 20, 2014, 11:00:10 PM

Trying to figure out how much of my XC holdings to allocate toward the Blocknet ITO and so I have some questions. Regarding the XC Inc. ITO; theoretically, since XC holders get free shares, couldn't people just buy XC, get shares, and then sell both for essentially free money? What's to stop people from doing that? And just to confirm, XC Inc. ITO is slated for Q1 2015? I figure that makes my best option to buy some Blocknet shares and slowly build back up however much XC I use to buy in time for the XC Inc. ITO since that's still a ways away. Thanks for your time!

concerning the XC ITO offering, I think its been decided already that there will be some kind of commitment of your declared coins.

That is if you got 1000 XC, you can declare as much as you want, provide evidence of ownership, then that much amount is commited to the shares for the ITO period, that means you can't sell them away.

Thus you need to know how much you gonna declare, because you might need some portion of your holdings for trading. There was a really productive discussion conerning this back when the ITO was announced.

Just remember that XC has its very own private tech, you set up mixers and you gain fees for facilitating transactions. Coin holders(that have joined the blocknet)will be able to use XC's private transactions, for a premium, through their familiar apps. Privacy provided to most of the community through XC. People will want to invest in the tech itself, not to mention set up an xmixer and join the party too. If I havent understood the project correctly, I expect to be corrected asap ofc.

Oh okay, like a mandatory holding period? Awesome, that makes a lot of sense. Appreciate the response and look forward to hearing more about it. I had read through the posts when it was first announced but couldn't remember if a definite decision on that had been made.