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Messages - Triangle

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221
Nxt Community News and Announcements / Re: [ANN] Jinn
« on: September 23, 2014, 06:41:47 pm »
I look forward to attempting to program on top of this. Or attempting to anyways, will the programming be done on a form of assembly, or a higher level language.
Also a little bit confused as to the dutch auction thing, but I'm just waiting it out for a little bit to see everyone else's buy orders.
Seems cool if it works  :D

:)!
Here is another explanation of Dutch auction: http://www.investopedia.com/terms/d/dutchauction.asp

We are working on a language called "Abracadabra" which closely resembles JavaScript (~99% lexical similarity). 

222
Nxt Community News and Announcements / Re: [ANN] Jinn
« on: September 23, 2014, 05:42:18 pm »
Are the 100,000 shares all you plan to sell in this round? (yes, the info is in the prospectus)

How do you not reveal the sell prices if the transactions are on the AE?

The price will be revealed when the sale is complete, but not before. This is to ensure 100% fairness to everyone.


They will dump in the bid when they feel it is the right time... lol

Yes we thought about all the ways we could do it and landed on Dutch Auction due to it being the most fair for investors.
Dutch auctions is generally considered more democratic due to the price being the only thing that determines who gets shares.


We updated the post....

Who are we (apart from CfB I suppose...)?

The founders and core team is Come-from-Beyond & Uniqueorn.
But we are also building a team for specific tasks that needs to be completed in this project, so for anyone that is interested in potentially being a part of this project: your oppourtunity will come.
Details surrounding job oppourtunities will come at a later date.

Also, where are the team members located and what country is the company incorporated in?

BTW, I like the logo.  :)

Thanks, we spent a lot of time selecting the logo!

The core team/founders is located in: Norway and  Belarus.
Incorporation of the company is actively being looked into, it's very important for us that it's a permanent and sustainable incorporation, more details surrounding this will be released at a later date.

223
Nxt General Discussion / Re: Teaser...
« on: September 23, 2014, 04:51:35 pm »

224
Nxt Community News and Announcements / Re: [ANN] Jinn
« on: September 23, 2014, 04:51:04 pm »
How can I throw money at u to make more money, do I have to wait for the assets?


I have the same question. :)

We updated the post now with an explanation (as well as asset ID ) of how the auction goes to make it a bit simpler to understand.

225
Nxt Community News and Announcements / [ANN] Jinn
« on: September 23, 2014, 04:34:27 pm »
The Jinn project has been worked on diligently for months behind the scenes, and we are finally ready to share it with the world.

Jinn is the first modern ternary general purpose processor. The applications for this technology is virtually limitless, which you can read about in the prospectus.
We have been inundated with questions tied to this project, so we have also prepared a FAQ.
You will find both here www.jinnlabs.com (prospectus on top, FAQ at the bottom)

We also welcome developers to contribute and have a deeper look here: https://github.com/Come-from-Beyond/Jiniri

The Jinn asset offering will be done via a Dutch Auction. (Asset ID: 3061160746493230502)
This means that the chunk of 100,000 assets will be sold at once against the ladder of bid orders. The moment when this happens will not be disclosed in advance (to ensure fairness), nor the price at what it is sold will be revealed. We will do it once we decide that the offered price satisfies our needs to cover the R&D to reach our first benchmark.

What this means for you as a potential investor in Jinn: put up buy orders at the price you are willing to buy at and if it matches our number, you’ll get the assets.

More info about Dutch Auction here: http://en.wikipedia.org/wiki/Dutch_auction

Feel free to ask any additional questions that you may have in regards to the project or asset offering in this thread.

226
Nxt General Discussion / Teaser...
« on: September 21, 2014, 08:21:52 pm »

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