Gamerbits ICO - Old Thread

crowdsale
project-decorum
safe-fs

#31

Yes and it requires skill to win the tournaments and receive Gamerbits.

In addition, it requires skill to become well known and establish a following I’m the eSports Industry, which is what many top players have done, and that allows them to enjoy donations from their live streams where they can receive Gamerbits donations.

While it is true that it is a purchasable currency that tournament organizers and regular players may purchase, the constant income to winning players along with the additional listed efforts by the Gamerbits Foundation (listed in the whitepaper and around the website) keep this in balance.


#32

Many answers have been provided in terms of Decorum and SAFE-FS and the final word will be given in the ICO documents.

Thank you for your questions and insight, you’ve been respectful through your due diligence questions and we appreciate you helping us communicate our project more clearly.

In terms of SAFE, we have gone through the other posts in this related projects category and seen that our project along with the connections to the MaidSafe international groups and SAFE-FS / Decorum have made Gamerbits much more relevant than many topics in this category, so it more than fits. The majority of other posts in this category have to do with random blockchain projects with no connection to SAFE whatsoever.

In addition, we are looking into the current SAFE technology available to judge if creating a cold storage wallet app on SAFE for Gamerbits is feasible. Currently looking into the tools of mock-routing and test 17, although it seems the latter is closed to us.


#33

Please can you post here to let us know when these details are available.


#34

Yes we will surely do that here


#35

Our forum is now sending secure registration messages through Cloudflare

We encourage everyone to begin to register, as it is a long term forum for updates and project conversations


#36

They notified me that good news is coming quite soon :slight_smile:


#37

Yes! Since pre-releasing our ICO addresses on our 2FA-enabled accounts on our forums and Slack channel, and having finished all 7 layers of our Cloudflare tests, we have agreed with our advisors to keep as close to our schedule as possible at this point and open our ICO tonight.

The addresses will be available on the 3 secure sources above, and most notably here on our crowdsale page, for open purchase in less than an hour.

All references on our website have been changed, however our Asian marketing programs are still scheduled to begin on the 30th. This allows a small window of several days for others to purchase, including the parties who have been pushing for ICO release.

In terms of SAFE-FS & Decorum, several limits have been negotiated. SAFE-FS’s 5 million SFSC coins sold for a total of $39,937 as documented here, and we have agreed to offer 150% of that in our ICO, valuing the project at just under $60,000. So all SAFE-FS tokens can be used in our ICO without limit, at a value of 1.5x their initial price.

Decorum has a limit of $150,000 total investment for our ICO, due to their lower liquidity as compared to other popular crypto tokens, but will receive market price, set at a fixed price of $0.053 each. That figure is based on recent price figures.

Please join the conversations on our forums as well! But we will continue updates here as well, as marketing and the sale progresses. All interested parties who reached out to us over PM have been replied to as well.Thank you!


#38

That now works out at 0.00000461 BTC per SAFE-FS coin (approx 1.2 cents) after the 150%

Shouldn’t you use the current $$$ value of BTC and MAID rather than the then value of those coins. Or at least a much higher value than 0.0000461 BTC ( approx 1.2 cents)

It was 285472 MAID and 29.52BTC

  • 285472 MAID is now worth 36.54 BTC (@ 0.00012800 poloniex price)
  • 29.52 BTC + 36.54 BTC maid equiv == 66.06 BTC equivalent
  • 66 BTC @ $2650.00 (poloniex price) == $174900
  • $174900 / 5000000 safe-fs coins == 3.5 cents
  • 3.5 cents * 150% == 5.25 cents

OR

66 BTC / 5000000 == 0.00001320 BTC / coin == 3.5 cents approx * 150% == 5.25 cents.


#39

Hi the fiat value represents the value here,

Or are these attempted negotiations?


#40

Just making a point (with reasons) that I feel 1.2 cents (your 150% value) per SAFE-FS coin seems to be undervaluing SAFE-FS coin by upto 4 times.

omniwallet.org has SAFE-FS at 33 cents which I know is wrong, but they base it on the only available actual trading information they have


#41

As we and our advisors understand it, it was a single trade correct? For a very very limited amount of SAFE-FS coins


#42

Well 3 trades on bitsquare? and I don’t know how many on omnidex. omniwallet looks at both decentralised exchanges to work out he price to use afaik.

In any case I am not suggesting using that value which I think most believe is way over priced. But to use the $$$ value when the coins were created is also not reasonable in my view. Since the BTC value of what was given is some 4 times now. And since good alts rose in $$$ value by at least the rise of BTC $ value.

So I was making the observation that in my view the price you attribute to safe-fs should be more than 150% of the $ value back then. Maybe estimate at 300%, even though safe-fs may actually be worth somewhere between 400% to 3000% of the ICO price. Reasonable to say that 3000% is too much by far since the low volume of trades.


#43

Assuming that all companies in any way related to any blockchain technology should automatically rise 400% just from being loosely related to that space seems incorrect.

Fiat value is mathematically correct

However we will update and reassess in two weeks, and this current offer may be updated (and any increases would of course be applied towards anyone who has already sent SFSC)


#44

Neo is quite right really. It’s nice that you are offering the choice for people to buy in with the other SAFE assets, but anyone would be insane to use them at those prices.

I know of at least 1 OTC trade for SAFE-FS at the current bsq market price for a couple of hundred k MAID’s worth. Your pricing is not even on the same page really… ico $ value’s are only relevant in context. If it raised 60 BTC then it raised $180k in current context, the project most likely holds a lot more in coffers alone than your valuation, never mind the value of the project itself.

PDC is also a steal at 0.053. It is very hard to buy any volume at that price now. Plus v1 and Clikes are coming in the very near future.

It’s possible I will buy in, but there’s no way I’d use SAFE-FS, PDC @ those prices… which is fine I guess. BTC is booming, anyone who holds any of the SAFE related options would have to be totally crazy to buy in using them at a hefty premium. No issue really, just be aware that you’re very unlikely to get any buy-ins with those coins. :slight_smile:


#45

Interesting that people feel that way, assuming growth


#46

Update on your crowdsale?


#47

Will be provided to your SAFE community when our SAFE live Testnet 18 app is finished, thanks for understanding that, the work comes first. Going full force into that so we aren’t pushed into the “Related Projects” bottom of the totem pole any longer.


#48

The reason I invest in your project is, because I want you guys to have fun (make what you want to make).

IMHO things are pretty simple, if your a scammer you go to jail (just like so many who thought they were super smart and outsmarted others).

The fun part, bitcoin gave Ethereum oxygen and Ethereum blew a breathe of fresh air in a lot of other projects. Each new crypto project is a tree that can grow new seeds.

I’m not afraid to loose my money in this space, because actually you can’t loose money when you invest. A good example is Safe Exchange Coin, this was suppose to be a SAFE Network exchange, they didn’t deliver that, nevertheless it’s price reached it’s all time high just a few days ago and they still didn’t deliver.

The dull part:
What worries me the most, is how spoiled we’ve become with value and how we sometimes don’t use it.
Storjcoin X’s marketcap 0.395728×500000000=$197,864,000.00 (how is it that this value can not be used by other people? Why do these coins need to get burned? I just don’t get it!) Even if the Storj project moved over to Ethereum, those coins still exist on Counterparty and can be used, because they still have value. :scream:

Some might argue that this StorJ thing is an exception, but is it?
Hmmmm not really
Today 300M GOLDTICKET’s are worth $152,775,000.00, but some how it’s more like gold on the bottom of the Atlantic. I know that all of this boils down to liquidity and actually just wiring up all this value up to an exchange (like Shapeshift), but we’re not making any progress here. :tired_face:

Taas.fund
Raised $7,569,373.61 Burned $93,430,627 their total tokens 101,000,000

DO PEOPLE ACTUALLY HAVE ANY CLUE OF VALUE IN THIS SPACE? :money_mouth_face:

Sorry for my ranting, I just want the future to be surprised about our present condition. You guys needing money and money just totally being out of reach…


Gamerbits eSports Apps
#49

Discussions are continued here


#50