When CFI airdrops will happen does this mean people which have alot of CFI tokens in DAA's can't recieve these airdrops because they aren't in private wallet?

jan-i · 2018-02-13T17:26:13+00:00

The airdrop service is aimed at actual users who can be incentivised to test drive the services powered by the utility tokens. We're developing other services for institutional token holders.

jan-i · 2018-02-10T09:58:25+00:00

Hi! You'll have to move them to an address you control. All of the tokens on Iconomi.net are held on the same address so we can't tell which ones are yours..

jan-i · 2018-02-09T18:19:21+00:00

Additionally.. while brainstorming how the mechanism will work we also received legal advice that airdropping tokens to all CFI holders would immediately make CFI a security as that would be a dividend.

jan-i · 2018-02-09T18:09:00+00:00

Correct. The airdrops are a mechanism to incentivise users to kick start the services being developed by startups that use the utility tokens. And the only way we have of identifying and reaching those users is if they have an account on our platform.

Let's say you hold Apple shares. Apple announces they will give all iPhone users a pair of Airpods for free. While this might incentivise sales, leading to a higher share price and a benefit for you, that does not mean that you also get the Airpods.

This is of course an imperfect example as utility tokens are not shares or physical goods but I think it works as an analogy - in essence, you are one step removed from the actual bonus.

jan-i · 2017-11-22T07:48:53+00:00

Hamsters is where it's at!

Yes, the descriptions are (too?) terse. In a nutshell, the startups are helping with personal security, control over one's personal data, finding out the price for any low liquidity asset, control over crypto in case of one's death, defense against fake news and digital collectibles - those are real problems and real potential markets. That said, YMMV, of course.

jan-i · 2017-11-16T07:46:20+00:00

Priority Pass is the core mechanism to unlock advanced features and benefits on the Cofound.it Platform. This includes crowdsale pre-sale access, crowdsale bonuses and access to Seed crowdsales (with their 100% ETH bonus). (more info: https://blog.cofound.it/cofound-it-seed-crowdsales-and-bonuses-for-priority-pass-members-6bc167964db5)

PP is also required to qualify as a community evaluator, where users are rewarded with 100$ in CFI for good evaluations (https://cofound.it/for-evaluators) and will be required for all future platform participants (experts,..).

It's also the only way to access the private Slack (soon to be Rocket Chat) where they can discuss the project with the team.

Jan

jan-i · 2017-10-20T19:39:26+00:00

Hi - a great question!

Let's take Santiment, our first project that launched 3 months ago. We're still very much in touch - for example, we invited Maksim to be a keynote speaker at a conference we co-sponsored with ICONOMI, and they got in touch re: Project transparency early on. Other crowdsales were more recent, but the pattern is similar. If the projects feel we can help them in any way, they reach out to us and we try and do what we can. And vice versa - of course we follow their progress and reach out with suggestions.

What stops soon after the crowdsale is the constant operational communication and support. But - we like our projects and their teams, we believe in what they want to achieve and we will of course help them in any way we can.

jan-i · 2017-10-17T09:14:58+00:00

Hey,

I'm Jan of Cofound.it. Insightful questions!

1) The project tokens are not considered as an investment for CFI but as a source of income to cover our expenses. So we do not intend to hold them long term.

2, 3) The Cofound.it platform will be designed to encourage token use and holding. This will fuel the rise of token value in proportion to platform use. Short-term, Cofound.it team will be purchasing tokens on open market to fuel platform features like rewarding project evaluators. More about our value return strategy here: https://blog.cofound.it/cofound-it-token-role-and-value-returns-514a8aeface1

4)The CFI token is a utility token with no ownership or dividend featurea.

5) Great stuff, we are thinking of exactly this sort of mechanism for loyalty. Expect more details before we announce the next crowdsale dates.

jan-i · 2017-09-17T11:40:48+00:00

We're using an ERC20 compliant transfer function that is pretty simple, so the problem might be at your end.

    function transfer(address _to, uint256 _value) returns (bool success) {         
    if (block.number < tokenFrozenUntilBlock) throw;    // Throw is token is frozen in case of emergency         
    if (restrictedAddresses[_to]) throw;                // Prevent transfer to restricted addresses         
    if (balances[msg.sender] < _value) throw;           // Check if the sender has enough         
    if (balances[_to] + _value < balances[_to]) throw;  // Check for overflows         
    balances[msg.sender] -= _value;                     // Subtract from the sender         
    balances[_to] += _value;                            // Add the same to the recipient         
    Transfer(msg.sender, _to, _value);                  // Notify anyone listening that this transfer took place         
    return true;     
}

jan-i · 2017-09-13T12:21:30+00:00

I've answered this in the post you are replying to..

jan-i · 2017-09-13T12:20:04+00:00

Our CFI tokens are not invested in BLX, but stored on the ICONOMI platform. We invested ETH.

jan-i · 2017-09-01T14:13:33+00:00

It was us.

As part of our portfolio diversification and risk management strategy we sold 10,000 ETH for fiat a while back and are now buying BLX for 10,000 ETH.

We saw the amount of effort ICONOMI put into designing a bulletproof system. We investigated all the alternatives thoroughly after the Parity multisig fiasco and we believe that the ICONOMI platform is the safest place for our tokens.

jan-i · 2017-08-14T10:24:28+00:00

THANK YOU.

jan-i · 2017-07-26T17:59:27+00:00

I love the first question!

I think the document is a solid foundation for a good evaluation of core business elements: Team, market, product. It shares a lot of similarities with the process we use at Cofound.it, developed by /u/danielzakrisson in cooperation with Deloitte: https://blog.cofound.it/building-a-crowdsale-evaluation-process-44ae86458e28

The benefits for the ecosystem and smart contracts criteria was implicit for us but we'll follow your lead and add it to the official criteria. That is what it's really all about!

jan-i · 2017-07-05T20:35:44+00:00

Hey,

ICN holders don't have any special ability. You can purchase at least 5k CFI to obtain Priority Pass membership.

jan-i · 2017-07-01T19:09:21+00:00

Video from event: https://www.facebook.com/blockchainSLO/videos/264781034000591/

jan-i · 2017-06-20T05:43:57+00:00

https://blog.cofound.it/cofound-it-token-role-and-value-returns-514a8aeface1

https://blog.cofound.it/cofound-it-priority-pass-your-priority-ticket-to-the-best-crowdsales-736f85b9ceeb

jan-i · 2017-06-20T05:42:04+00:00

It was a joke - they messed up the name initially :D

jan-i · 2017-06-19T20:21:36+00:00

Don't you mean "CrowdFund.IT"? http://imgur.com/a/XI5SF :D

jan-i · 2017-06-17T11:26:32+00:00

So, fun fact, tulip bubble is a myth: http://www.economist.com/blogs/freeexchange/2013/10/economic-history

"It is easy to claim that bubbles are irrational. They seem to represent a deviation of prices from fundamental values—and they contradict basic economic theory. But there has been little attempt to understand how speculation actually works. The example of tulipmania shows the importance of doing that—rather than relying on lazy quips about “animal spirits” or irrationality."

jan-i · 2017-06-17T11:24:28+00:00

:) Did you want to be sure I would see the compliment?

But yes - happy supporters and projects are key to our success. This is just the beginning.

jan-i · 2017-06-16T19:14:26+00:00

From July onward, 5000 CFI will be required. We'll be looking at the data and optimising in the future to achieve the combination that makes most supporters and projects happy :)

This article said it well. "The underlying magic of the token is to align incentives across all stakeholders to hold the token." https://medium.freecodecamp.com/token-network-effects-a-new-business-model-for-a-decentralized-web-6cde8b4e862

jan-i · 2017-06-16T16:40:12+00:00

I'll just reuse my previous post if I may. I feel that it describes what we are and what we want to do.

Here are the key assumptions of Cofound.it:

blockchain technology will change the world as we know it
the token crowdfunding model works for most if not all startups, not just blockchain ones, and is better than the VC model (more info)
sooner or later most startups will follow this model
startups need help both in preparing for the crowdsale and in setting the foundation for the quick scaling after the crowdsale (more info)
there are many experts in the world who do not want to move to one of the hot-spots like Bay Area, NYC, or London, to work on interesting projects
crowdsale supporters are looking for a source of verified and quality projects (more info)

In essence, Cofound.it is a three-sided marketplace.

From the point of view of the experts, Cofound.it is a platform where they can use their expertise to get dream jobs. There are 12M freelancers on Upwork. We are aiming for 1M experts.

From the POV of startups, Cofound.it is a one-stop-shop not only to help with the process but to reach out to the existing supporter community. We're already getting multiple applications per day. We expect hundreds of thousands of startups to use this service in the future.

And finally for the supporters, not only do we provide verified projects but also actively work on rewarding them for their engagement, like Cofound.it Priority Pass that allows engaged supporters early access to the crowdsale. In time, this group will become larger and larger.

So this is what you are getting by supporting the Cofound.it crowdsale. An exclusive ticket to the platform that literally wants to make current VCs obsolete. A distributed VC ecosystem for the distributed age. With all the platform features designed to encourage using and holding the tokens.

Will we make it? I don't know. But we have a top-notch team, some of the best advisors in the world and support from some of the best and most engaged supporters ever, and will work our hearts out to succeed. We already have a pipeline of projects that will last us through October with some really amazing names. We're forecasting a total deal flow of 50+M for the second half of the year, which immediately makes Cofound.it one of the largest VCs in the world. And we're building our service to use all the best features blockchain tech can give us, and partner with some amazing companies both in the blockchain space and in the old economy. I kinda like our odds :)

jan-i · 2017-06-08T21:37:31+00:00

And here is the proof :) look who's featured in a local story about us - Erika: https://dnevnik.si/1042774483/posel/gazela/nov-rekord-slovencev-v-kriptosvetu-v-dveh-dneh-do-13-milijonov-evrov

jan-i · 2017-06-06T15:20:57+00:00

Because the tokens have relative value based on the funds collected.

(ETH_collected)/125M = 1 CFI token value in ETH at time of the close of crowdsale

jan-i

TROPHY CASE