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BitBoost Token Sale/FreeMarket Asset Holders
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Author Topic: BitBoost Token Sale/FreeMarket Asset Holders  (Read 3114 times)

PoofKnuckle

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BitBoost Token Sale/FreeMarket Asset Holders
« on: September 01, 2017, 02:36:43 pm »

BitBoost is happy to announce that it has set dates for its pre-sale and token sale.

The announcement is here: https://medium.com/bitboost/bitboost-announces-token-sale-for-the-block-c8c04346ca44

We are working out the details of how to get BitBoost Tokens to FreeMarket asset holders. We have a portion of our tokens set aside for them.

More details will be announced here as we figure this out.

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MrV777

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Re: BitBoost Token Sale/FreeMarket Asset Holders
« Reply #1 on: September 01, 2017, 03:45:58 pm »

Good to hear and congratulations!!
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PoofKnuckle

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Re: BitBoost Token Sale/FreeMarket Asset Holders
« Reply #2 on: September 21, 2017, 09:23:45 am »

The BitBoost pre-sale is underway!

https://www.bitboost.net/pre-sale/

It ends on Saturday, September 23rd.

We will also conduct the swap of FreeMarket assets for BitBoost tokens (BBT) shortly: between the end of the pre-sale and the beginning of the main sale, which starts October 10th.

We have reserved 5% of all BBT for FreeMarket asset holders.
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PoofKnuckle

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Re: BitBoost Token Sale/FreeMarket Asset Holders
« Reply #3 on: September 21, 2017, 09:24:39 am »

Instructions will be posted here, and in the Supernet Slack, once the exact procedure has been decided.
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PoofKnuckle

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Re: BitBoost Token Sale/FreeMarket Asset Holders
« Reply #4 on: September 22, 2017, 10:15:21 am »

OK, after giving this some thought, I think what we have to do is take the number of outstanding FreeMarket assets, and divide them by the 5 million BBT to get a ratio. Removing the assets held by the dev team, which is 144'389 for me and 190'995 for blackyblack (a total of 335,384), there are 664'616 assets for 5 million BBT. That means we will distribute about 7.5 BBT per FreeMarket asset.

I originally wanted to just split the 5 million among those who participated in the swap between the pre-sale and ICO, but I don't think that would be fair to everyone; some people would miss out, while others would get a windfall. Instead, we will extend the swap period to be about 3 months long, starting now. (Tokens are not available until they are released at the end of the ICO.)

I'll create a NXT wallet for this purpose. Send your assets to this wallet, and include your Ethereum wallet address. After the ICO I will send BBT to that ETH address. Unfortunately, I think this will have to be a manual process, so it may take me some time to get through every swap.

Make sure your wallet can accept ERC20 tokens. MyEtherWallet (https://www.myetherwallet.com) is one that I know can accept them. I will also post the instructions for how to prepare your wallet to accept them.

Instructions to follow soon...
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PoofKnuckle

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Re: BitBoost Token Sale/FreeMarket Asset Holders
« Reply #5 on: September 22, 2017, 10:25:18 am »

Also, unrelated to this, but related to our ICO:

http://www.royalico.com/#auditedicos

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PoofKnuckle

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Re: BitBoost Token Sale/FreeMarket Asset Holders
« Reply #6 on: October 04, 2017, 02:28:54 pm »

I have now posted instructions on the asset swap to our blog:

https://www.bitboost.net/blog/swap-freemarket-assets-bitboost-tokens/

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ThomasVeil

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Re: BitBoost Token Sale/FreeMarket Asset Holders
« Reply #7 on: October 23, 2017, 12:55:55 pm »

That sounds pretty fair. Must be tough to find the perfect balance here.

You mention a rough number of 3months in your post - but could you say a specific date for when the swap ends?
Good luck with your project! Hope it will take off on Ethereum. How does the sale go so far? Do you have a link to updates about it? I haven't really done anything with Ethereum yet - so don't know where to look.  Guess it's time I learn to use it. Will take me a while ;)
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PoofKnuckle

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Re: BitBoost Token Sale/FreeMarket Asset Holders
« Reply #8 on: October 24, 2017, 08:52:14 am »

That sounds pretty fair. Must be tough to find the perfect balance here.

You mention a rough number of 3months in your post - but could you say a specific date for when the swap ends?
Good luck with your project! Hope it will take off on Ethereum. How does the sale go so far? Do you have a link to updates about it? I haven't really done anything with Ethereum yet - so don't know where to look.  Guess it's time I learn to use it. Will take me a while ;)

You can follow our progress at our website: https://www.bitboost.net

For a specific date for an end to the swap, let's say December 25th, 2017.
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PoofKnuckle

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Re: BitBoost Token Sale/FreeMarket Asset Holders
« Reply #9 on: November 26, 2017, 02:10:54 pm »

OK, for all the assets that have been turned in so far, we have swapped them to BBT, at a ratio of 1 FreeMarket = 7 BBT.

You can still swap your assets for BBT until December 25, 2017.

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