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Author Topic: Pokereum Crowdfunding  (Read 63054 times)

Sebastien256

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Re: NxtPoker-Crowdsale
« Reply #40 on: October 04, 2014, 11:30:17 pm »

I would glady like a dutch auction like for Jinn.
Especially since the ask is very large.

I would like that too....but the asset exchange isn't built for that. There also no time to focus on those mechanics manually

Maybe ask help from community, CfB or Triangle may at least tell you the difficulty behind this or pointing the right people to help you. It might not be that difficult to do so after all.

This is true but there is so much effort behind the current strategy already, that and anonymous early investor who where made to formulated the strategy  to the fundraising and have made decisions based on that. To change this course would likely be a breach in my personal agrrement and would delay the project even more than it is...if someone comes up with a proposal toindependently with escrows, that may be doable..but again I have to talk to contractors

Ok I understand.
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Stark Industries

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Re: NxtPoker-Crowdsale
« Reply #41 on: October 04, 2014, 11:34:08 pm »

If not all token are sell during the 30 days. What will you do with them (the one not sell)?

EDIT: Will you burn them to genesis?


that is part of more info to be posted....but they will be redistributed to early bird donors, DAO members and people that earn the 5 million token here :https://nxtforum.org/stark-industries-%28nxtdice%29/marketing-5288/

the mechanish and the required task for the give away will be revealed later
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Sebastien256

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Re: NxtPoker-Crowdsale
« Reply #42 on: October 04, 2014, 11:35:49 pm »

So if I understand well,

55% of profit is redistribute to AE shareholder only if all token are sale? Otherwise, it will be less than 55%.
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Stark Industries

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Re: NxtPoker-Crowdsale
« Reply #43 on: October 04, 2014, 11:58:20 pm »

So if I understand well,

55% of profit is redistribute to AE shareholder only if all token are sale? Otherwise, it will be less than 55%.

55% is for crowdsale
5% is for free giveaway
2% to bounty publications


in the future net profits are distributed based on token holding ownership percentage

if you own .5% you get .5% of net profit

the DAO owns 10% so it will only retain 10% of net profits
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Sebastien256

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Re: NxtPoker-Crowdsale
« Reply #44 on: October 05, 2014, 12:05:02 am »

So if I understand well,

55% of profit is redistribute to AE shareholder only if all token are sale? Otherwise, it will be less than 55%.

55% is for crowdsale
5% is for free giveaway
2% to bounty publications


in the future net profits are distributed based on token holding ownership percentage

if you own .5% you get .5% of net profit

the DAO owns 10% so it will only retain 10% of net profits

Ok, thanks, you should specify in the first post that 1 token is 1/100,000,000 of the net profit.
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Stark Industries

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Re: NxtPoker-Crowdsale
« Reply #45 on: October 05, 2014, 12:06:58 am »

So if I understand well,

55% of profit is redistribute to AE shareholder only if all token are sale? Otherwise, it will be less than 55%.

55% is for crowdsale
5% is for free giveaway
2% to bounty publications


in the future net profits are distributed based on token holding ownership percentage

if you own .5% you get .5% of net profit

the DAO owns 10% so it will only retain 10% of net profits

Ok, thanks, you should specify in the first post that 1 token is 1/100,000,000 of the net profit.

Yes will do. alot of information to keep track of
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Vega

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Re: NxtPoker-Crowdsale
« Reply #46 on: October 05, 2014, 01:32:21 am »

100 mln tokens @0.000221btc (~3 NXT) = 300 mln NXT? Seriously? Who would have that kind of money to buy tokens? ;)
Another not so realistic project valuation. While it has great potential, assuming that the demo client worth 200th of Pokerstars is laughable.
Unless I'm mistaken it's not even possible at this point to finish the project without smart contracts or something similar, that doesn't even exist yet.

whats laughable is the unsubstantiated complaint, care to provide any professional counter analysis subsequently followed by a valuation. I think it will be more productive to provide one..
the project will be done unless you don't believe smart contracts will be implemented. the dev believes so

I don't need to provide a professional analysis, that's your job. I only have to voice my opinion of your valuation, first on the forum, then on the Asset Exchange. I'm done with the first one.
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Stark Industries

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Re: NxtPoker-Crowdsale
« Reply #47 on: October 07, 2014, 07:53:00 pm »

100 mln tokens @0.000221btc (~3 NXT) = 300 mln NXT? Seriously? Who would have that kind of money to buy tokens? ;)
Another not so realistic project valuation. While it has great potential, assuming that the demo client worth 200th of Pokerstars is laughable.
Unless I'm mistaken it's not even possible at this point to finish the project without smart contracts or something similar, that doesn't even exist yet.

whats laughable is the unsubstantiated complaint, care to provide any professional counter analysis subsequently followed by a valuation. I think it will be more productive to provide one..
the project will be done unless you don't believe smart contracts will be implemented. the dev believes so

I don't need to provide a professional analysis, that's your job. I only have to voice my opinion of your valuation, first on the forum, then on the Asset Exchange. I'm done with the first one.

The initial professional analysis  was worked on by 2 individuals from wall street including me. This resulted in an even highr valuation based on the value propostion and the assupmtion of a demo product. So all homework is done...My comment is that your opinion is not substantiated, so if you disagree do a professional market analysis using the relevant vauation method and important touch points
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Sebastien256

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Re: NxtPoker-Crowdsale
« Reply #48 on: October 07, 2014, 08:03:47 pm »

the people that run NxtPoker, are they anonymous? Thanks
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Stark Industries

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Re: NxtPoker-Crowdsale
« Reply #49 on: October 07, 2014, 08:09:26 pm »

the people that run NxtPoker, are they anonymous? Thanks

Nxtpoker is to be run by a community of token holders, some are are anonymous some aren't. The board carry out the wishes of the token holders, some are some arent anonymous
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Sebastien256

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Re: NxtPoker-Crowdsale
« Reply #50 on: October 07, 2014, 08:10:16 pm »

the people that run NxtPoker, are they anonymous? Thanks

Nxtpoker is to be run by a community of token holders, some are are anonymous some aren't. The board carry out the wishes of the token holders, some are some arent anonymous

and what about the people organizing this crowdfunding? How many are not anonymous?
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Stark Industries

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Re: NxtPoker-Crowdsale
« Reply #51 on: October 07, 2014, 08:24:57 pm »

the people that run NxtPoker, are they anonymous? Thanks

Nxtpoker is to be run by a community of token holders, some are are anonymous some aren't. The board carry out the wishes of the token holders, some are some arent anonymous

and what about the people organizing this crowdfunding? How many are not anonymous?

I am the one 'organizing' the crowfunding on behalf of everybody to be involved. since there are no automated crowdfunding agents yet..funds are going straight to an escrow aand funds will be released to multisig account controlled by board once multisig function is available. Board cannot change anything unless Token holders vote so. See the rules here :

https://nxtforum.org/stark-industries-%28nxtdice%29/board-member-oath/
https://nxtforum.org/stark-industries-%28nxtdice%29/spending-policy-and-ground-rules/
https://nxtforum.org/stark-industries-%28nxtdice%29/bylaws-and-terms-of-nxtpoker-dao/
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Sebastien256

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Re: NxtPoker-Crowdsale
« Reply #52 on: October 07, 2014, 08:29:51 pm »

Thanks for the info. Good to know.
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innovator256

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Re: NxtPoker-Crowdsale
« Reply #53 on: October 07, 2014, 08:32:25 pm »

Thanks for the info. Good to know.

np

You will see the board members here as they officially commit : https://nxtforum.org/stark-industries-(nxtdice)/board-member-oath/
Stark wanted to remove most risk by taking on the responsibility and remaining anonymous
« Last Edit: October 07, 2014, 09:09:31 pm by nxtpoker »
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Sebastien256

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Re: NxtPoker-Crowdsale
« Reply #54 on: October 10, 2014, 10:54:35 pm »

if dutch auction is of interest, automatic code to refund investor has been publish:
https://nxtforum.org/asset-exchange/java-code-for-refunding-after-dutch-auction/#msg115372
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Sebastien256

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Re: NxtPoker-Crowdsale
« Reply #55 on: October 14, 2014, 01:51:20 pm »

Quote
Total Tokens :: 100,000,000

Token price: TBD ( 0.000521btc to 0.000221btc  per token roughly )

55% of tokens to nxt community


Hello, if my calculation are correct, I just realize that you are asking in your crowdfunding between ~25-50% of all the NXT that exist.

If this is the case and correct, do you realize that this is not possible to achieve?
Because, this would need that, on average, everyone that own NXT should put ~25-50% of their Nxt crypto portfolio with NxtPoker token. Which, I believe, will be far from happening.
« Last Edit: October 14, 2014, 01:59:03 pm by Sebastien256 »
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Isildur23

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Re: NxtPoker-Crowdsale
« Reply #56 on: October 14, 2014, 03:50:05 pm »

Quote
Total Tokens :: 100,000,000

Token price: TBD ( 0.000521btc to 0.000221btc  per token roughly )

55% of tokens to nxt community


Hello, if my calculation are correct, I just realize that you are asking in your crowdfunding between ~25-50% of all the NXT that exist.

If this is the case and correct, do you realize that this is not possible to achieve?
Because, this would need that, on average, everyone that own NXT should put ~25-50% of their Nxt crypto portfolio with NxtPoker token. Which, I believe, will be far from happening.


Hi, the funds will be gathered both in NXT and BTC and Damelon will be the escrow --> https://nxtforum.org/stark-industries-(nxtdice)/nxtpoker-dao-fund-escrow/
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Sebastien256

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Re: NxtPoker-Crowdsale
« Reply #57 on: October 14, 2014, 04:15:59 pm »

Nevertheless, it still offer 55% of tokens to nxt community, even with the use of escrows and BTC.
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Isildur23

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Re: NxtPoker-Crowdsale
« Reply #58 on: October 14, 2014, 07:04:49 pm »

Nevertheless, it still offer 55% of tokens to nxt community, even with the use of escrows and BTC.

The tokens are not offered only to the Nxt community. Actually, the Nxt community may decide to invest nothing in this project (hopefully, it will not).
We will try to reach as much potential investors as possible - all the crypto communities, the poker communities, VCs and anyone willing to invest. The more people we attract outside of the nxt community, the better for the project and Nxt as well. Anyone outside of the Nxt community may just buy BTCs and invest with them, so the NXT liquidity is not an obstacle.
@nxtpoker is interviewing developer candidates, while Stak is busy with organization. They will soon post more information and you will find the answers of many questions.

Isildur23
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Sebastien256

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Re: NxtPoker-Crowdsale
« Reply #59 on: October 14, 2014, 07:10:00 pm »

Nevertheless, it still offer 55% of tokens to nxt community, even with the use of escrows and BTC.

The tokens are not offered only to the Nxt community. Actually, the Nxt community may decide to invest nothing in this project (hopefully, it will not).
We will try to reach as much potential investors as possible - all the crypto communities, the poker communities, VCs and anyone willing to invest. The more people we attract outside of the nxt community, the better for the project and Nxt as well. Anyone outside of the Nxt community may just buy BTCs and invest with them, so the NXT liquidity is not an obstacle.
@nxtpoker is interviewing developer candidates, while Stak is busy with organization. They will soon post more information and you will find the answers of many questions.

Isildur23

In the end, is everything end up in Nxt token?
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