Quote from: Edward_Cryptonit on October 26, 2014, 04:38:30 PM

Quote from: mxxxxxx on October 26, 2014, 10:30:38 AM

Quote from: strunzdumm on October 26, 2014, 03:14:06 AM

Quote from: wasserman99 on October 26, 2014, 01:51:12 AM

1) How long will the ITO?
2) When we can to sell our tokens? When the ITO finish or when blocknet be released?
3) Blocknet ETA?

1) You can find this info at http://theblocknet.com/ :

Quote

The Blocknet's ITO will begin on 5am EST Oct 29th and run until November 5th 23:59:00.

2) no info
3) no info

@synechist
I really want to invest in the blocknet, but you have to provide us more informations asap! Who controls that only 10 000 000 tokens will be generated? Will be the code completly open source?

The Blocknet's ITO will begin on 5am EST Oct 29th and run until November 5th 23:59:00

The tokens will initially be created on a regular blockchain, only 10 000 000 tokens will be created

After the ITO, any unsold tokens will be provably destroyed

You will be able to withdraw your tokens to wallet which is to be released before the ITO starts

The BLOCK/BTC pairs will stay on exchanges after the ITO and will be still tradeable

For owning BlockNet shares you will be getting dividends/fees from BlockNet.

Funds are used to develop a lot of next-gen software (i.e. the XBridge, decentralised exchange, application platform, etc.)

Funds will be used to enter the B2B market for various services (expect an executive summary regarding this pretty soon, which will include budgetary information and a roadmap)

BLOCK-holder profits come directly from the intrinsic functioning of the Blocknet - i.e. through the rendering of services

Blocknet is a software platform development project, coupled with make-money-from-services model for token holders.

Quote from: synechist on October 25, 2014, 01:17:52 PM

Here's a list of reasons why Blocknet tokens are worth buying.

Section 1: The Blocknet is the internet of blockchains; it provides what crypto needs most:

- a feasibly-sized userbase for coins, so their tech can actually get used

- a platform to turn coins' tech into services, so tech can generate revenue

- a method of converting all of crypto into a B2B services offering of incredible power

As such, the Blocknet stands to change the entire landscape of crypto, and become a foundational pillar of crypto for the indefinite future.

Section 2: shareholders get to profit from the Blocknet's status as a foundational pillar:

- holders receive income from fees

- holders profit if their tokens increase in value

Thank you for the answers. Could you please though state explicilty whether the code will be open source? (as it was asked in the initial qustion also). As far as I understood the Xbridge protocol will be open source. However the blocknet will be made of some other components as well? Will they be open source?

Kind regards and looking forward to the reply on this question. Thank you.

Hi Edward

Yes the Blocknet will be open source. This is necessary for it to be an open and indefinitely extensible platform, like the internet.

On the other hand, no participating coins (i.e. service providers) are required to be open source.