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CryptoCollab - a new service and experience awaits!
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cryptocollab

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CryptoCollab - a new service and experience awaits!
« on: February 06, 2015, 01:27:30 pm »

CryptoCollab

As of now, our assets are for sale on the NXT AE. All the information you need is below:
Asset ID:14412895989966557751
Price: 1 NXT

DUE TO DISAPPOINTING SALES, PRICES FOR THE INITIAL 150K SALE ARE REDUCED TO 0.1NXT

For the bounties that are set for the initial sale, and some bonus bounties, please refer to our website.
We look forward to receive any contributions and start up this community with you!.


Ever heard the phrase: "You need money to make money?". This statement has proven itself over and over in the normal economics and global markets. In the first periodes of the rise of Bitcoin, this statement briefly appeared to be dated, but very soon it became clear that the Bitcoin market was not that much different of normal economics in it's workings. There is a significant difference however, the ability to provide microtransactions is unmatched. This, compared with complete anonymity creates a formula that opens up a new perspective on the way that economies could be functioning.
But with the development of mining rigs and ASIC-miners the mininggame soon became inaccessible to minor players. People that do not have thousands of dollars to spare for gear, or simply don't have the time or knowledge to manage mining rigs. So, how do we keep investing with Bitcoin interesting even for the more 'small-time' players? This is where CryptoCollab steps in. Our goal is to provide the means to fund larger investments with a pool of smaller investors, rather than one big stack of Bitcoin. Why, on a 3000 USD deal, we need one person to provide the full amount? Why not a hunderd people, each providing 30 USD? The deal can still be done, the issuer doesn't need a pile of cash and more people can profit from the deal.

What is the idea?
Enabling users to invest in the ideas/plans of other users on the network. Providing a middleman that does NOT require any fees. The user issues a transfer of the requested amount to CryptoCollab. CryptoCollab in turn provides the accumulated amount to the issuer of the investment plan when the funding period ends, enabling them to start the investment. The profits of the investment will be transferred to CryptoCollab as well, then we provide the distribution of profits based on the plan that was made by the investment issuer. This mitigates the risk of users getting scammed by someone offering an investment. Most of the time, this service is provided in exchange for a fee of the invested amount. CryptoCollab does not require fees for this services, cutting out the middle-man overhead costs to maximize profits for it's users. CryptoCollab will rely entirely on donations to keep the services running.

How will we accomplish this?
Providing a service platform using:
  • A low cost forum (opensource based, like nxtforum.org)
  • A simple webfront giving users the necessary information and news (again opensource, Bootstrap framework)
  • Cheap webhosting
  • Volunteers to provide coding, moderation and promotion
How will we accomplish initial funding?
To cover initial costs, like the registration of the domain, the webhosting and the creation of the services an asset is issued on the NXT network. People can invest by purchasing the assets, making them shareholders of CryptoCollab. Because we target a audience with less to spend, the first assets will be issued at the price of 1 NXT each. 300000 assets will be available, and 250000 of those for the initial funding. The other 50000 will remain in possession of the assetholder and will be distributed in the first month after the launch, ensuring a base of income during the startup period.
Of course, any profits made from the assets themselves are distributed to the assetholders as well.

Distribution of profits:
  • 60% of the asset profits are evenly distributed amongst the shareholders
  • 10% procent is for the 'Founding Fathers' pool (explained later)
  • 20% for funding and feature development of the website and services
  • The remaining 10% will be invested by CryptoCollab in the investment plans issued by it's users (NOTE: as NXT can't be directly invested on CryptoCollab, we invest the equivalent of the value of the 10% in BTC).
To make the assets available to people on a limited budget, the limit for receiving a cut of the profits is just 500 assets (500 NXT in the initial sale).
Sale of the assets is scheduled to start at 13/02/2015.

Distribution of assets
  • 150000 assets x 1NXT at initial sale (1st week)     13/02/2015 - 20/02/2015
  • 50000  assets x 2NXT in the week after that         20/02/2015 - 27/02/2015
  • 50000  assets x 3NXT in the week after that         27/02/2015 - 06/03/2015
  • 50000  assets x 5NXT in any periods after that      06/03/2015 - ~~
In the first two weeks (13/02/2015 - 27/02/2015), the base to fund the initial startup has been collected. All other sales are considered revenue and are distributed to assetholders using the matrix above.

The 'Founding Fathers'
This is a pool for the first investors in CryptoCollab. To encourage people to invest in this concept early on, a special pool of asset revenue has been reserved for those who do so. During the initial sale of the assets, anyone purchasing 5000 assets or more is elligible for the 'Founding Fathers' pool. This means that 10% of the assets revenue will be distributed solely to the 'Founding Fathers' on top of any other revenues they receive. This amount will be evenly distributed amongst the early investors, based on their contribution. (10% of total revenue / 'Founding Father' assets (total)) x assets hold by assetholder = the share of the 10% pool.
These investors will also receive a title at the forums, and 2 days early access to the forums to establish any investmentplans early on.

That is the idea of CryptoCollab. And we need you to help us start it all up. Any contribution is greatly appreciated and will help in creating a webservice that people can rely on, free of costs to users. To make this formula into a succes, we still need a lot of volunteers that can help us to establish the services listed above. To get more information or to enlist for our crew, mail to : cryptocollab"@"gmail.com. (We are not allowed to post external links yet, so use your common sense with the emailadres ;))

Please feel free to ask anything related to CryptoCollab and it's future services. And please let us know if you are interested in buying some of our assets, or that the conditions need to be modified for you to feel comfortable doing so. Also, we are always open to suggestions for improvement and expansions.

CryptoCollab Team



updates:
- 06/02/2015 : Domain www(.)cryptocollab(.)org registered.
- 08/02/2015: NXT wallet for CryptoCollab created, with the balance being set over the next week to give out assets.
- 08/02/2015 : Simple front-end designed. Linkage back to this forum for now.
- 10/02/2015:  Website updated and Forums added (NOTE: these are still closed for now, will open 20/02/2015).
- 11/02/2015:  Finalizing plug-in to display active/confirmed/total balances of all trades.
« Last Edit: February 15, 2015, 01:36:48 pm by cryptocollab »
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RAlex

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Re: CryptoCollab - a new service and experience awaits!
« Reply #1 on: February 06, 2015, 03:20:20 pm »

'Founding Fathers' ? Do you really think anyone here is so stupid to buy even 1 of these? New account, new transfer from bittrex, blah, blah, blah.
Please do us a favor and lunch this asset, at least we'll know some forger is getting 1000NXT.
This is getting just out of hand, 2-3 new scassets everyday? LOL
« Last Edit: February 06, 2015, 03:22:42 pm by RAlex »
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cryptocollab

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Re: CryptoCollab - a new service and experience awaits!
« Reply #2 on: February 06, 2015, 03:40:20 pm »

Shame that this is the response to a new idea. The idea of 'Founding Fathers' is not to drag people into buying a lot on the initial sale, but rather to reward the ones that do. You are right to distrust anything you read on the web, but we are trying to create a legitimate service here. You will see that as the week towards initial sales progresses, new updates will be provided containing information about steps we are taking to create the service.

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mnporter2001

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Re: CryptoCollab - a new service and experience awaits!
« Reply #3 on: February 06, 2015, 03:40:57 pm »

Wow first time i have seen open source software and a bit of web hosting cost £2219.1  $3384.13

You have to be kidding lol you will need to try harder than this to scam the NXT community.

 

cryptocollab

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Re: CryptoCollab - a new service and experience awaits!
« Reply #4 on: February 06, 2015, 03:44:51 pm »

Wow first time i have seen open source software and a bit of web hosting cost £2219.1  $3384.13

You have to be kidding lol you will need to try harder than this to scam the NXT community.
True, it doesnt cost that much. But in the event we can't find enough volunteers, some features development will have to be outsourced. Keep in mind though, to uphold an active forum with a lot of members/activity, a rather large hosting account is required.
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mnporter2001

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Re: CryptoCollab - a new service and experience awaits!
« Reply #5 on: February 06, 2015, 03:52:57 pm »

Wow first time i have seen open source software and a bit of web hosting cost £2219.1  $3384.13

You have to be kidding lol you will need to try harder than this to scam the NXT community.
True, it doesnt cost that much. But in the event we can't find enough volunteers, some features development will have to be outsourced. Keep in mind though, to uphold an active forum with a lot of members/activity, a rather large hosting account is required.

Nonsense I have 6 dedicated servers so know how much they cost this is one of mine:

Atom™ N2800
1.86 GHz+
4 GB   
1 TB   
100 Mbps

Server costs me £11 per/mth however you can have a smaller one for £6 per/mth both more than capable of hosting a large forum.

And its running a plesk multi domain license that cost £5 per/mth

And so now you are going from open source to outsourcing features etc etc

You should get your self sorted and up and running first and if you cant afford about £20 to get up and running your not worth investing in to start with.

What is your personal NXT account number ? I bet you dont even have one do you, and if you do i suspect it's empty, no i think you have come to NXT to try and abuse our AE

Cheers
Mark

cryptocollab

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Re: CryptoCollab - a new service and experience awaits!
« Reply #6 on: February 06, 2015, 04:05:21 pm »

Wow first time i have seen open source software and a bit of web hosting cost £2219.1  $3384.13

You have to be kidding lol you will need to try harder than this to scam the NXT community.
True, it doesnt cost that much. But in the event we can't find enough volunteers, some features development will have to be outsourced. Keep in mind though, to uphold an active forum with a lot of members/activity, a rather large hosting account is required.



Nonsense I have 6 dedicated servers so know how much they cost this is one of mine:

Atom™ N2800
1.86 GHz+
4 GB   
1 TB   
100 Mbps

Server costs me £11 per/mth however you can have a smaller one for £6 per/mth both more than capable of hosting a large forum.

And its running a plesk multi domain license that cost £5 per/mth

And so now you are going from open source to outsourcing features etc etc

You should get your self sorted and up and running first and if you cant afford about £20 to get up and running your not worth investing in to start with.

What is your personal NXT account number ? I bet you dont even have one do you, and if you do i suspect it's empty, no i think you have come to NXT to try and abuse our AE

Cheers
Mark

Few points of interest here. First one, large hosting does not mean the same as expensive hosting. We have budgetted hosting at 28EU/month, so our numbers do not variate that much. Second, opensource software provides the very base for your operations. To enhance it with features to suit your needs to provide a service, someone still has to do a lot of coding. We got experience and knowledge to do a lot, but not all of that features. One example, we need someone to help us with security as real currency will be traded.
You obviously do not have a lot of experience with starting these kind of operations. And if you do, you might have grossly underestimated matters when you started. Any questions are more than welcome, but take your flaming elsewhere.
 
Furthermore, my personal activity is not of any importance for this asset or the whole idea in general.
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martinyin

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Re: CryptoCollab - a new service and experience awaits!
« Reply #7 on: February 07, 2015, 04:06:01 am »

were you saying a crowdfunding platform?
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cryptocollab

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Re: CryptoCollab - a new service and experience awaits!
« Reply #8 on: February 07, 2015, 09:56:58 am »

were you saying a crowdfunding platform?

Yes, kind of. Regulated by a middle man controlling the actual funds. And our experience with crowdfunding is that even for small projects you have to invest 100+ USD to get any of the action (profits, revenue etc). Our goal is to make the funding of these projects available, even for those that have a lot less to spare. But in the principle, the idea is much the same of that of a crowdfunding platform.
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cryptocollab

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Re: CryptoCollab - a new service and experience awaits!
« Reply #9 on: February 08, 2015, 09:38:32 am »

For the people curious to the domain, please note this: The host is currently awaiting the DNS-records updates from ISP's, so the website could be not accessible yet. Don't worry though, this will solve itself in 1~2 days. By that time the forums will be available as well, in  the trusted and beloved design of SMF, just like here on NXTforums. Forums will be accessible, but registering will not be yet. This is reserved for the first periods of the launch as mentioned in the sales pitch/ initial thread post.
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cryptocollab

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Re: CryptoCollab - a new service and experience awaits!
« Reply #10 on: February 10, 2015, 03:14:29 pm »

Had trouble with the domain services... The host did not setup our domain properly. This will be resolved in the following 4 hours. Sorry.
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