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Showing 20 of 68 results by RestinStJames
Re: [ANN][EXY] Experty.io - Get Paid Calls For Your Expertise 📱
I have to say, I like this project a lot.
Do you have any plans for a centralized directory of the experts or will it be more akin to just putting an "experty" button on your website/bog/youtube channel/etc? Also, I am assuming that the experts can choose their own rates, but is there a minimum cost per minute to use the service?
Do you have any plans for a centralized directory of the experts or will it be more akin to just putting an "experty" button on your website/bog/youtube channel/etc? Also, I am assuming that the experts can choose their own rates, but is there a minimum cost per minute to use the service?
But BTC is the standard platform for everyone to invest from. In the crypto world most tokens are pegged to BTC, if you want to buy alt coins, 99% of the time you have to first buy BTC. True, you can also buy ETH/LTC from coinbase etc. but if you want to trade that for say BAT or SYS or another alt, you would first have to trade the ETH/LTC for BTC, then use that to purchase your alt coins. Why would USD be any fairer? If it was pegged to USD, wouldn't that in turn be unfair to anyone who's native currency is worth less than USD? BTC is a level playing field.
If I bought 1 BTC at $1000 and you bought 1 BTC at $5000, my BTC is still worth the same as yours. It's like if I bought a '59 Gibson Les Paul in 1959 for $500, it would be worth $50k today. If you wanted to buy that now, $50k is what you would have to pay. Just because I paid less for it doesn't mean it isn't worth that much now.
None of the coins you see on coinmarketcap is pegged to BTC, they all have its own free market. Yes, most of them only have XXX/BTC trading pairs, but that doesn't mean it's pegged to BTC at a certain ratio. For example, LTC isn't always 1/10 of BTC's price, it changes with supply/demand on the exchanges -- but this is the case of DRGN. BTC is further away from a level playing field USD is - simply because it a greater variation than fiat currency.
Your example is true only for BTC, except you are not buying BTC anymore, you are buying DRGN. Why is DRGN pegged to BTC when it shouldn't be? It should be a free market by itself. Putting in 1BTC at $1000 and 1 BTC at $5000 get your the same amount of DRGN, that's absurd. Why is DRGN more expensive today than yesterday just because BTC price changed? Person A buys 1 BTC to invest in DRGN today, and BTC crashes 50% next day, and Person B buys 1 BTC to invest in DRGN tomorrow, why should Person A get the same amount of DRGN as Person B when Person B only spend 50% of the money as Person A? They are not investing in BTC, they are investing in DRGN, it should not be affected by the price of BTC, but it is. Basically, what I am saying they should be using a system of tracking the fiat equivalent of the BTC that is donated such that people receive the equivalent amount of DRGN back -- but they've said it's a bad idea....
I get what you are saying, but you are arguing how you think it should be (pegging dragns to USD) and that is not what is happening, whether or not you think it's fair is irrelevant. If you don't like the way they are doing it, don't buy in, I haven't seen one person on here or on their telegram pressuring anyone to actually contribute. In fact, this is probably the least intrusive ICO I have ever seen.
I personally like the way they are doing it. I invest in dragons with BTC, if BTC goes up before they hit the exchanges the value of my dragons also goes up. If BTC goes down before it hits exchanges, I'm in the same position I would have been if I had just bought BTC and can trade it no problem.
What do you mean "your 1 BTC from when it's $2000 is worth the same as the 1 BTC that you buy today (~$5700)" Of course it is, there aren't multiple values of BTC. Are you saying that it isn't fair in some way because some people invested earlier and their investments appreciated in value?
I don't think they are claiming that the value of BTC doesn't fluctuate relative to USD, they are just not taking that into account. You are thinking of it as if BTC to USD has to be done, I actually like the idea of BTC being the standard.
You are exactly that right that it isn't fair, especially when you want to place a "dollar" value on the drgn at the end of ICO. BTC shouldn't be the standard imo because it prevents a standard platform for everyone to invest from. And also it seems like they are calculating how much they have raised by converting the BTC to USD, and then they want to back-assign how much drgn you receive by the BTC value...it just doesn't make much sense to have peg the drgn value to BTC. But this is the only ICO i've looked into, I'm assuming all ICO works this way....not a huge fan, but just my opinion.
Regardless, the previous quote from my post is still incorrect. It is calculated incorrectly.
But BTC is the standard platform for everyone to invest from. In the crypto world most tokens are pegged to BTC, if you want to buy alt coins, 99% of the time you have to first buy BTC. True, you can also buy ETH/LTC from coinbase etc. but if you want to trade that for say BAT or SYS or another alt, you would first have to trade the ETH/LTC for BTC, then use that to purchase your alt coins. Why would USD be any fairer? If it was pegged to USD, wouldn't that in turn be unfair to anyone who's native currency is worth less than USD? BTC is a level playing field.
If I bought 1 BTC at $1000 and you bought 1 BTC at $5000, my BTC is still worth the same as yours. It's like if I bought a '59 Gibson Les Paul in 1959 for $500, it would be worth $50k today. If you wanted to buy that now, $50k is what you would have to pay. Just because I paid less for it doesn't mean it isn't worth that much now.
Umm, I'm pretty sure this is the wrong calculation? This is from their FAQ
With the BTC hardfork around the corner , is it best to wait to invest, as BTC may be higher now than it will be in 3 weeks?
Actually, the BTC/USD price will not be a factor -
We are doing all calculations for token distribution based upon BTC price with no consideration for USD or other fiat pricing.
1 BTC on Oct 2 = 1 BTC on Nov 2.
So you wouldn't be evaluating with ETH@250, you would be evaluating what how much BTC your ETH converts to on the day of you sending it in. And BTC value is "pegged" to USD - how they determine how much they've raised....(probably on the date of the audit/closing). They don't care what the value of your BTC is, only how many. So your 1 BTC from when it's $2000 is worth the same as the 1 BTC that you buy today (~$5700). Both BTC get you the same amount of DRGN token. So contrary to what they are saying, the BTC/USD price will be a factor for people that's buy/sending btc/eth into the sale.
What do you mean "your 1 BTC from when it's $2000 is worth the same as the 1 BTC that you buy today (~$5700)" Of course it is, there aren't multiple values of BTC. Are you saying that it isn't fair in some way because some people invested earlier and their investments appreciated in value?
I don't think they are claiming that the value of BTC doesn't fluctuate relative to USD, they are just not taking that into account. You are thinking of it as if BTC to USD has to be done, I actually like the idea of BTC being the standard.
I've been reading a lot about this and I am definitely intrigued. It seems like you have a great team, good backing, and a great platform.
I like the idea of the price being set after the crowdsale by the amount you raise, I'm assuming this is an effort to eliminate dumping when it hits exchanges, like if you put in 1 BTC and walk away with 1 BTC worth of dragons, you have no incentive to dump the coin. Am I getting the idea right? Seems pretty smart actually.
How do you determine how much each ETH is worth in regards to the token sale? And since the price isn't set, is it possible that all of the tokens won't be distributed? If so, what will happen to those tokens?
I like the idea of the price being set after the crowdsale by the amount you raise, I'm assuming this is an effort to eliminate dumping when it hits exchanges, like if you put in 1 BTC and walk away with 1 BTC worth of dragons, you have no incentive to dump the coin. Am I getting the idea right? Seems pretty smart actually.
How do you determine how much each ETH is worth in regards to the token sale? And since the price isn't set, is it possible that all of the tokens won't be distributed? If so, what will happen to those tokens?
i have searched about this but I can't seem to find any real answers. How do these ICOs monitor their bounty campaigns? Do they just randomly check each person that signs up to make sure they are doing what's expected or what?
Re: [ANN] | PARAGON | Revolutionizing the Cannabis Industry |
Signature campaign is already happening but it's not paying you some coins, it's paying you a share for who uses your referral to invest.
They are trusting their ico that they are not paying huge bounties.
They are trusting their ico that they are not paying huge bounties.
But imagine now somebody uses ur referral link in pre sale. Now you would get 500$ since 10k is minimum and in first stage you would get more than twice that. Not bad for a bounty campaign
So on the website it says second phase was sold out also, is this just the way of them saying its over or it was really sold out on the last day?
nope-- it really was sold out!
we're on to the third stage. Min. $10K for 10% discount
and correct the referral bounty would be 5% of that
What was your thinking process to use this signature bounty model? Why not stakes/weeks like all the others ICOs?
They just don't need it i guess. They are achieving their goals without bounties, so why should them?
After ico, always coin value drops at first, because of bounty sellers, in this one, that won't be an issue.
They don't really have a bounty campaign, it's a referral campaign. You sign up, get a code and if people use that code you get 5%. It's actually a pretty good deal, especially considering the minimums in the pre sale.
My opinion you can pick Waves , Ethereum , Litecoin and some Dogecoin , these Altcoin the price growing slow but sure.
I would not pick Dogecoin the days of Dogecoin are long gone. Back in 2014/2015 it was big, but now it is going the way of the Dodo, sadly.
400$ is large enough to create a good portfolio of wellknown cryptos. I would take Bitcoin for half amount and the rest for wellknown altcoins like for example Ethereum, Dash, ZCash, Litecoin and so on and ICOs of promising projects with innovative or social projects like Solar DAO Coin or CareCoin. You can find many helpful infos about ICOs here in altcoin section.
What you think about BAT?
BAT has got rejected to list in Bittrex so i think the price will fall surely so that time you can buy it, apart from this you can also check with ICN, TIME coins which are also having a good projects running and in long term they will give you very nice profit.
BAT is listed on bittrex.
BAT is cool, but it will be a while before it pays off. NEO, LISK, STRATIS, are all great, but I would say buy OMG.
Re: [ANN] | PARAGON | Revolutionizing the Cannabis Industry |
how do you plan to compete with solid and developed projects like TKS?
Tokes is a weed coin, they want to people to be able to buy pot with it, paragon is a totally different idea.
When looking at the market I would choose Ethereum and bitcoin with long term investment, on the other hand there are great potential altcoin that I'm paying attention to is stratis and IXT.
STRATIS definitely looks pretty good.
Re: What does everyone think of the upcoming Paragon ICO?
A good read... it is a shame though.
The idea has great potential so I will continue to watch. ICOs are just not as fun as mining and speculating.
Curious to see what happens in 5 days...
Not a very original idea though, considering PotCoin. I'll be monitoring that as well but not expecting much from it...
It is really nothing like potcoin, dopecoin, or any of the others that are just trying to be a currency to buy weed with. Read the whitepaper.
Sorry I spoke a bit too fast, it is indeed a way more extensive and interesting approach to cannabis and the way it's evolving.
Can't wait to see how things will go for this !
Sorry, yeah, I just realized I was a little short in my response too. It really is a cool idea though.