Re: [ANN][Blocknet] The internet of blockchains / XBridge / true cross-chain P2P

Some questions:

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?

thanks !

Hi

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

- Ten million tokens will be created and no more will ever be made available.
- The price per token will be 0.00025 BTC.
- Tokens purchased using a participating coin will be sold at a 10% discount.
- Any unsold tokens will be provably destroyed.
- The ITO will be held at Bittrex, Bter, Poloniex, and CoinGateway.

You can trade Blocknet tokens against BTC from the moment the ITO begins, for an indefinitely long period of time.

For more info, see the OP, the FAQ below the OP, and also www.blocknet.com

would you please say something about slippage when using another coins feature?
its one of the main reasons i think this concept can never fly

Hey , it was discussed earlier, here are the links

https://bitcointalk.org/index.php?topic=829576.msg9305677#msg9305677

https://bitcointalk.org/index.php?topic=829576.msg9306600#msg9306600

i've read them AGAIN and still... no answer about slippage.. atomic exchange does not solve that problem

Slippage is not an issue with microtransactions.

If, for some reason, it's still is some kind of issue, if the exchange returns a quote before you go ahead then you'd not have a loss sprung on you.

If, despite this, it's still an issue, there are lots of bot algorithms that can drive up volume and/or reduce the spread. These sorts of market maker bots - or, for that matter, regular ol' human scalpers would remove the problem.

Finally, the Blocknet will support an entire economy of services; liquidity will be, at best, an initial problem.