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Showing 7 of 7 results by MavsCrypto41
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Board Tokens (Altcoins)
Re: [ANN][ICO] ETCETERA: Bringing Cryptocurrency Gift Cards to Local Stores
by
MavsCrypto41
on 30/01/2018, 03:13:19 UTC
Quote from: banzai2 on January 28, 2018, 05:39:30 PM
Recorded a discussion / analysis of your ICO:

https://www.youtube.com/watch?v=pzaP7uiWUFw

As you'll see we're pretty enthusiastic about the concept but have some serious concerns. Would love to hear the team's response to our criticisms and correct anything we got wrong.



Thanks for the video!  I too would be interested to hear their responses.
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Board Tokens (Altcoins)
Re: [ANN][ICO] ETCETERA: Bringing Cryptocurrency Gift Cards to Local Stores
by
MavsCrypto41
on 28/01/2018, 21:17:08 UTC
Quote from: Pepe_Fortunato on January 28, 2018, 11:39:08 AM
Quote from: MavsCrypto41 on January 24, 2018, 02:44:06 PM
What happens if the ICO only sells 15m tokens?  Would the rest be burned but no 1% burn per transaction?

Is there KYC?  Any countries prohibited from the ICO?

Hi there MavsCrypto41!

I am Brasseur Pepijn and one of the founders of Etcetera.

After long discussion, we decided to let the burn process continue indefinately. This means that we will continue the 1% burn, regardless of the amount of tokens in circulation. The tokens will be minted whenever a contribution to the ICO is made, when the ICO ends, only the minted tokens will be in circulation, together with the tokens reserved by Etcetera for operational purposes, bounties and affiliates. Should this for example be only 10m tokens, the burn process will still be in place. We made this decision to give the participants added value to the token in the long term, regardless of the amount of success the ICO will bring. This together with the demand we will create through our offline card sales should bring a high value for the Etcetera token.

We do not have a KYC in place, and we are only prohibiting the US and China to participate in the tokensale, this is described in our terms & conditions.

Anyone can register on our website without a KYC process, and contribute to the ICO and they will receive their Etcetera tokens after their contibution.

Thank you Brasseur!  That continuation of the burnoff sounds great!  This is gonna go big places.
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Topic
Board Bounties (Altcoins)
Re: [BOUNTY][ANN] etcetera|Crypto Gift Cards|7 Different Campaigns|Prepayment Option
by
MavsCrypto41
on 26/01/2018, 14:36:53 UTC
I think the 37637384 represents the numbers that look closest to the letters in the word ETCETERA, where 3=E, 7=T, 6=C, 8=R, and 4=A.
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Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] ETCETERA: Bringing Cryptocurrency Gift Cards to Local Stores
by
MavsCrypto41
on 24/01/2018, 14:44:06 UTC
What happens if the ICO only sells 15m tokens?  Would the rest be burned but no 1% burn per transaction?

Is there KYC?  Any countries prohibited from the ICO?
Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] ETCETERA: Bringing Cryptocurrency Gift Cards to Local Stores
by
MavsCrypto41
on 23/01/2018, 16:08:39 UTC
Thanks for the answers!  I too am excited about the exchange. 
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Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] ETCETERA: Bringing Cryptocurrency Gift Cards to Local Stores
by
MavsCrypto41
on 22/01/2018, 14:31:31 UTC
Yeah, the 6% is getting me too.  Its just too much.  Token holders should get a portion, or lower it.

What markets is this targeting?  What countries?  In the US would you need a disclaimer with possible tax implications?  I can imagine a grandpa buys it for his grandson in November and gives it for Christmas.  The change in value should be taxed now.  Which is ridiculous but is what it is this year at least.

How will it reach stores?  Do you have to individually market it to each store or are there groups that handle getting gift cards into the store?

Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] ETCETERA: Bringing Cryptocurrency Gift Cards to Local Stores
by
MavsCrypto41
on 19/01/2018, 13:30:09 UTC
Hey!  I really like the idea of this project.  The only two items that are keeping me back from being a day 1 investor (as opposed to post-ICO) are the token utility and the 6% fiat conversion rate.  If I purchased 1,000 tokens, I do not see what that would get me or why I need Etcetera tokens.  I was thinking about this the other night, and if 5.5% of the rate went to Etcetera and 0.5% went to token holders (staked or not), that would alleviate both of those concerns, and make the Etcetera token one of the most desirable on the market.  I do like that part of the tokens are burned and that its not a large supply.

Really looking forward to this project and hope it is smooth sailing for each of you!