Distribution 4-28%* Public sale 7-8% Presale 5-6% Blue Frontiers seed funders 10-15% Blue Frontiers team 45-72% Seastead/SeaZone Construction, Development, Administration
* The amount of Varyon (VAR) allotted to seastead/SeaZone Construction, Development, Administration is inversely correlated with the amount purchased in the public sale. That is, the more Varyon (VAR) sold in the public sale, the less Varyon (VAR) held for seastead/SeaZone Construction, Development, Administration.
Blue Frontiers plans to prototype the first seastead with funds raised from the Varyon (VAR) Crowdsale, and to fund additional seasteads through sales. The Varyon (VAR) Blue Frontiers holds for seastead and SeaZone Construction, Development, and Administration will be used only as needed, in order to create seasteads and SeaZones and to strengthen the ecosystem of products and services available to Varyon (VAR) holders.
4,000 ETH Soft cap 22,000 ETH Hard cap
Who are those Blue Frontiers seed funders?
They did an early seed funding round last year to get things going, pay for environmental and economic impact studies, design work, lawyers, consulting, etc.
Most seed funders were friends and family of the founders, as well as the founders putting their own money in. A few bitcoin folks who were known seasteading supporters put in some money, including myself. No big names that most people have heard of.
Yeah its important to get those early investors and supporters,to get the project going.
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BoardTokens (Altcoins)
Re: [ICO][TXO] Treon brings crypto revolution to Utility Payments
You can track the tokens sold on their website,there is live update.So far,from what i can see sale going really good,since it started less than a week ago,and they already sold more than 21 million tokens
So how close are they to soft cap,how much is that in ETH?
Their ratio is 1 ETH=6000 treon tokens,and bonus is 30%,so you can calculate
Well, this is just 1st stage pre-ICO, sale is doing very well
If the sale continues like this, they will surely get enough funds until 27th July.
I've heard the sale is going quite well - the project seems to have taken off and I'm glad to hear it.
The flow of the sale is really important to determine a possible outcome of the project. If the project sale is going slow then, well, that's not good, but if the sale is going to well, then we might have a case of a pump and the an eventual dump. People need to be aware of that.
It is possible to have this pump and dump effect, but long term token holders stand to gain the most benefit.
I doubt we will see any dumping after listing,as bonus is only 30% max.
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BoardTokens (Altcoins)
Re: [ANN][ICO][OIO] ONLINE - Together we can change the internet 🔴|🔴
How come you decided to issue your own token,couldnt all this be done with ETH?
Probably for better control of funds which arw incoming or outgoing...
Most likely because you will be able to stake OIO and eran ICE that way, plus most likely because of PoET also.
What is ICE and PoET?
Proof-of-elapsed time is a relatively new concept. Coins are distributed based on the proof that the user was doing some specific action for a rather long period of real time. Proof of time algorithm was invented by Intel and it is mainly associated with their hardware platform that provides very fast consensus model. It generates random numbers (wait time) on miners nodes and then chooses the node with the lowest number. So,it works like a lottery but with more complex algorithm designed to provide more optimizations. Intel promises that this algorithm cannot be broken by external actions and provides honest consensus model.
Any other successful projects that use proof of elapsed time?
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BoardTokens (Altcoins)
Re: [ANN][PRE-ICO][1 ETH = 2,500,000 GRAY] VoxelX - Tokenizing the medical knowledge
Is there any specific region you plan to start,or you are going worldwide from the beginning?
It should be global for sure.Don't see any reason that could prevent this to be global from start.Vernam is a great project with lots of investors already and this brings optimism even in this early stage.
Wouldnt that be too ambitious to go worldwide right from the start?
I agree , it's better to go on a smaller scale and step by step, gradually expand the project.The funding will dictate a lot I presume.
Yes,in case hard cap is reached,they might go worldwide from the start
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BoardTokens (Altcoins)
Re: ▄▀▄ [ICO][SAM] ▄▀▄ Swiss Alps Energy - The Smart Mining Company ▄▀▄
I have an interesting question.Will you try to get workers and companies that will be needed to build everything and pay them in crypto or you plan to go for normal real world companies and fiat in that arena?
Im pretty sure those companies will ask to be paid in fiat.
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BoardTokens (Altcoins)
Re: [ANN][ICO]⚡Vernam- The World's 1st 0% commission insurance ⚡ [SOFT CAP REACHED]
by
Trollita
on 24/05/2018, 08:31:00 UTC
Is there any specific region you plan to start,or you are going worldwide from the beginning?
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BoardTokens (Altcoins)
Re: ▄▀▄ [ICO][SAM] ▄▀▄ Swiss Alps Energy - The Smart Mining Company ▄▀▄
Looks like innovative and well prepared ICO from Swiss lands. Not sure how effectively it will work, but the team behind this project looks good and the concepts running on renewable energy is decent. But worries me is that there was one claiming simillar ideas and collected 100mln USD, yet it wasn't successful.
I dont expect anything less considering its in Switzerland
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BoardTokens (Altcoins)
Re: [ANN][ICO][VAR] 🐬 Blue Frontiers - Sustainable floating islands 🐬