EtherAce



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NewbieActivity: 98Merit: 0 Re: [ANN] [ICO] EtherAce [ACED] Decentralized Asset Speculation Platform June 12, 2018, 04:03:05 PM #6 Quote from: freemind1 on June 12, 2018, 08:09:10 AM Hi team, what plans do you have for the tokens that are not sold in ICO? Will be burned or blocked by smart contract?. Thanks!



Hey freemind1,



Hope all is well !



Yes, we plan to burn all the tokens that are not sold in the ICO through an automated process by our token sale smart contract. The team allocated tokens, initially 15% of the total supply will also be burnt to match how many tokens were sold in the ICO to keep the ratio the same at 15% of the total supply.



Please let us know if that answered your question and ask us any other questions you may have ! Hey freemind1,Hope all is well !Yes, we plan to burn all the tokens that are not sold in the ICO through an automated process by our token sale smart contract. The team allocated tokens, initially 15% of the total supply will also be burnt to match how many tokens were sold in the ICO to keep the ratio the same at 15% of the total supply.Please let us know if that answered your question and ask us any other questions you may have !

kotwica666



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LegendaryActivity: 1820Merit: 1034 Re: [ANN] [ICO] EtherAce [ACED] Decentralized Asset Speculation Platform June 12, 2018, 04:52:12 PM

Last edit: June 12, 2018, 05:09:00 PM by kotwica666 #8 Quote from: EtherAce on June 12, 2018, 04:03:05 PM Quote from: freemind1 on June 12, 2018, 08:09:10 AM Hi team, what plans do you have for the tokens that are not sold in ICO? Will be burned or blocked by smart contract?. Thanks!



Hey freemind1,



Hope all is well !



Yes, we plan to burn all the tokens that are not sold in the ICO through an automated process by our token sale smart contract. The team allocated tokens, initially 15% of the total supply will also be burnt to match how many tokens were sold in the ICO to keep the ratio the same at 15% of the total supply.



Please let us know if that answered your question and ask us any other questions you may have !

Hey freemind1,Hope all is well !Yes, we plan to burn all the tokens that are not sold in the ICO through an automated process by our token sale smart contract. The team allocated tokens, initially 15% of the total supply will also be burnt to match how many tokens were sold in the ICO to keep the ratio the same at 15% of the total supply.Please let us know if that answered your question and ask us any other questions you may have !

Is it possible to find some informations about dev team - if so, link please. ( I can not find it on website )

I already found info about anonymity in whitepaper.





Do the bounty pool will be also adjusted to the ratio of sold tokens?



When the bounty payment will be made? I already found info about anonymity in whitepaper.Do the bounty pool will be also adjusted to the ratio of sold tokens?When the bounty payment will be made?

EtherAce



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NewbieActivity: 98Merit: 0 Re: [ANN] [ICO] EtherAce [ACED] Decentralized Asset Speculation Platform June 12, 2018, 05:45:33 PM #9 Quote from: kotwica666 on June 12, 2018, 04:52:12 PM Quote from: EtherAce on June 12, 2018, 04:03:05 PM Quote from: freemind1 on June 12, 2018, 08:09:10 AM Hi team, what plans do you have for the tokens that are not sold in ICO? Will be burned or blocked by smart contract?. Thanks!



Hey freemind1,



Hope all is well !



Yes, we plan to burn all the tokens that are not sold in the ICO through an automated process by our token sale smart contract. The team allocated tokens, initially 15% of the total supply will also be burnt to match how many tokens were sold in the ICO to keep the ratio the same at 15% of the total supply.



Please let us know if that answered your question and ask us any other questions you may have !

Hey freemind1,Hope all is well !Yes, we plan to burn all the tokens that are not sold in the ICO through an automated process by our token sale smart contract. The team allocated tokens, initially 15% of the total supply will also be burnt to match how many tokens were sold in the ICO to keep the ratio the same at 15% of the total supply.Please let us know if that answered your question and ask us any other questions you may have !

Is it possible to find some informations about dev team - if so, link please. ( I can not find it on website )

I already found info about anonymity in whitepaper.





Do the bounty pool will be also adjusted to the ratio of sold tokens?



When the bounty payment will be made?

I already found info about anonymity in whitepaper.Do the bounty pool will be also adjusted to the ratio of sold tokens?When the bounty payment will be made?

Hey kotwica666,



Glad you found what you were looking for in our Whitepaper. If you have further questions please ask.



The bounty pool does not get adjusted automatically to the ratio of sold tokens as the team tokens do. This is to be able to properly pay out anyone who participates in our bounty campaign. In the case of 'leftover' tokens from our bounty campaign, they will be burnt to reduce the bounty token pool amount as close as possible to 5% of the total supply. This way we can properly pay all bounty participants while still reducing the bounty allocation to it's proper ratio.



The bounty payment will be distributed within a week from the end of the ICO sale. This could be within a week from August 16th, 2018 or earlier in the case of the ICO sale selling out earlier.



Hopefully this answered your question! Please let me know if you have any other questions.

Hey kotwica666,Glad you found what you were looking for in our Whitepaper. If you have further questions please ask.The bounty pool does not get adjusted automatically to the ratio of sold tokens as the team tokens do. This is to be able to properly pay out anyone who participates in our bounty campaign. In the case of 'leftover' tokens from our bounty campaign, they will be burnt to reduce the bounty token pool amount as close as possible to 5% of the total supply. This way we can properly pay all bounty participants while still reducing the bounty allocation to it's proper ratio.The bounty payment will be distributed within a week from the end of the ICO sale. This could be within a week from August 16th, 2018 or earlier in the case of the ICO sale selling out earlier.Hopefully this answered your question! Please let me know if you have any other questions.

EtherAce



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NewbieActivity: 98Merit: 0 Re: [ANN] [ICO] EtherAce [ACED] Decentralized Asset Speculation Platform June 12, 2018, 07:54:02 PM #11 Quote from: JanEmil on June 12, 2018, 07:03:44 PM Can you tell more about asset speculation? You support cryptocurrency price speculation - right? But as I read it also financial markets like oil. Could you tell more how you plan to do that?



Hey JanEmil,



For sure! Yes our platform supports cryptocurrency price speculation. As you will see in our first speculation contract Over/Under, we will be starting by supporting BTC, ETH, and LTC.



However as you noted, we are not only supporting cryptocurrency speculation. We have a broader vision for our platform and that is to be used for traditional financial markets such as oil, gold, precious commodities etc. Users will be able to speculate on the prices of these the same way done in traditional centralized derivative markets today.



Why have we chosen this path? While the cryptocurrency speculation market is quite large at $35 Billion our platform has much more potential to also unlock the biggest financial market in the world; traditional derivatives at $1.2 Quadrillion! Traditional and 'regular' investors (people who invest in traditional commodities such as gold) will be able to take advantage of our platform as well! They'd use the EtherAce Platform over current platforms they're using now because the blockchain technology we use enable greater qualities that current existing platforms.



We are building/built our platform in a modular, lightweight way which is how we are able to support not only cryptocurrency's but also traditional assets. Our platform is a speculation platform, users speculate on prices of the underlying assets we support. They do not actually trade the assets as they would on an exchange. Currently they will only be exchanging Ether on our platform. This makes our platform cheaper, faster, secure, more accessible and convenient. Users do not need to worry about security of assets purchased on our platform because they do not purchase anything. There are no withdrawal fees, no multiple assets to manage in several wallets, only Ether is required to use our platform on any asset we support.



We hope this answered your question JanEmil , let us know if you have any further questions !



Hey JanEmil,For sure! Yes our platform supports cryptocurrency price speculation. As you will see in our first speculation contract Over/Under, we will be starting by supporting BTC, ETH, and LTC.However as you noted, we are not only supporting cryptocurrency speculation. We have a broader vision for our platform and that is to be used for traditional financial markets such as oil, gold, precious commodities etc. Users will be able to speculate on the prices of these the same way done in traditional centralized derivative markets today.Why have we chosen this path? While the cryptocurrency speculation market is quite large at $35 Billion our platform has much more potential to also unlock the biggest financial market in the world; traditional derivatives at $1.2 Quadrillion! Traditional and 'regular' investors (people who invest in traditional commodities such as gold) will be able to take advantage of our platform as well! They'd use the EtherAce Platform over current platforms they're using now because the blockchain technology we use enable greater qualities that current existing platforms.We are building/built our platform in a modular, lightweight way which is how we are able to support not only cryptocurrency's but also traditional assets. Our platform is a speculation platform, users speculate on prices of the underlying assets we support. They do not actually trade the assets as they would on an exchange. Currently they will only be exchanging Ether on our platform. This makes our platform cheaper, faster, secure, more accessible and convenient. Users do not need to worry about security of assets purchased on our platform because they do not purchase anything. There are no withdrawal fees, no multiple assets to manage in several wallets, only Ether is required to use our platform on any asset we support.We hope this answered your question JanEmil, let us know if you have any further questions !

kotwica666



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LegendaryActivity: 1820Merit: 1034 Re: [ANN] [ICO] EtherAce [ACED] Decentralized Asset Speculation Platform June 13, 2018, 10:26:17 AM #15 Quote from: electronicash on June 13, 2018, 07:47:12 AM

didn't read the whitepaper but i got into the website to check whats there so i'll check this june 13th as said for the beta.

quite an interesting project but i find no team profiles in the website, how do we know this is real? i navigate all the links there but find nothing.



didn't read the whitepaper but i got into the website to check whats there so i'll check this june 13th as said for the beta.quite an interesting project but i find no team profiles in the website, how do we know this is real?i navigate all the links there but find nothing.

"... the team does not wish to be the centralized owners of what can be considered

an illegal business. Remaining anonymous will help the EtherAce platform to be truly

decentralized and protect it from ever being stopped or taken down in the future."



You can read that, and more on page 26 :



https://etherace.io/whitepaper/EtherAce_Whitepaper_v1.0.1.pdf

"... the team does not wish to be the centralized owners of what can be consideredan illegal business. Remaining anonymous will help the EtherAce platform to be trulydecentralized and protect it from ever being stopped or taken down in the future."You can read that, and more on page 26 :

EtherAce



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NewbieActivity: 98Merit: 0 Re: [ANN] [ICO] EtherAce [ACED] Decentralized Asset Speculation Platform June 13, 2018, 04:16:48 PM #18 Quote from: electronicash on June 13, 2018, 07:47:12 AM

didn't read the whitepaper but i got into the website to check whats there so i'll check this june 13th as said for the beta.

quite an interesting project but i find no team profiles in the website, how do we know this is real? i navigate all the links there but find nothing.



didn't read the whitepaper but i got into the website to check whats there so i'll check this june 13th as said for the beta.quite an interesting project but i find no team profiles in the website, how do we know this is real?i navigate all the links there but find nothing.

Hey electronicash !



Thanks, I'm glad you find it an interesting project ! As kotwica666 accurately and kindly responded we addressed the anonymity of the team in our Whitepaper. We will be posting a more in-depth article on why we are anonymous and why it should not affect our project negatively on our Medium account in the near future.



We currently have one beta out for our first gambling dApp, Flip, on the Kovan test-net that you can test out here:



As for how will you know this project is real, from our products, and the team delivering on par with the Roadmap laid out. You can also check our Github progress here:



Thanks for your interest in our project and platform ! Any other questions please do not hesitate to ask. Hey electronicash !Thanks, I'm glad you find it an interesting project ! As kotwica666 accurately and kindly responded we addressed the anonymity of the team in our Whitepaper. We will be posting a more in-depth article on why we are anonymous and why it should not affect our project negatively on our Medium account in the near future.We currently have one beta out for our first gambling dApp, Flip, on the Kovan test-net that you can test out here: https://flip.etherace.io/ or from the 'BETA FLIP DAPP' button on our homepage of our website! As you noticed our first speculation contract Over/Under beta will be released today, June 13th ! We will be making the release publicly today !As for how will you know this project is real, from our products, and the team delivering on par with the Roadmap laid out. You can also check our Github progress here: https://github.com/etherace . We will make announcements on all our communication channels when we release the beta O/U today, and you can test it out and this will hopefully help prove this is a real project !Thanks for your interest in our project and platform ! Any other questions please do not hesitate to ask.

EtherAce



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NewbieActivity: 98Merit: 0 Re: [ANN] [ICO] EtherAce [ACED] Decentralized Asset Speculation Platform June 13, 2018, 04:24:16 PM #19 Quote from: kotwica666 on June 13, 2018, 10:26:17 AM Quote from: electronicash on June 13, 2018, 07:47:12 AM

didn't read the whitepaper but i got into the website to check whats there so i'll check this june 13th as said for the beta.

quite an interesting project but i find no team profiles in the website, how do we know this is real? i navigate all the links there but find nothing.



didn't read the whitepaper but i got into the website to check whats there so i'll check this june 13th as said for the beta.quite an interesting project but i find no team profiles in the website, how do we know this is real?i navigate all the links there but find nothing.

"... the team does not wish to be the centralized owners of what can be considered

an illegal business. Remaining anonymous will help the EtherAce platform to be truly

decentralized and protect it from ever being stopped or taken down in the future."



You can read that, and more on page 26 :



https://etherace.io/whitepaper/EtherAce_Whitepaper_v1.0.1.pdf



"... the team does not wish to be the centralized owners of what can be consideredan illegal business. Remaining anonymous will help the EtherAce platform to be trulydecentralized and protect it from ever being stopped or taken down in the future."You can read that, and more on page 26 :

Hey kotwica666,



Thank you for the accurate reply ! We're happy to get help from this awesome community. Hey kotwica666,Thank you for the accurate reply ! We're happy to get help from this awesome community.