Canaries in the Mine | ICO Update

in dlux •  2 months ago

DLUX ICO

We've demonstrated some remarkable technology over the past year:
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From a VR post explorer
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To AR Point of Sale
To VR ICO portals
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To XR Apps

To our web based XR editor!!!

We are nearing the end of our ICO. We want to talk about some of the ways we've succeeded and some of the ways we've failed.

First lets talk about some of our successes:
  • We have built and tested an automated DLUX coin offering completely with Steem
  • We have executed our roadmap to include codeless methods for developing XR content and the lowest barrier to entry dynamic hosting platform the world over.
  • We've received no correspondence legal or otherwise to cease our activities.
  • We're continuing to push our technology in to more places and proving the value thereof.
  • I believe we beat Decentraland to XR initiated block chain transactions. Operating an ICO from an uncensorable VR wrapper built with our own technology.
And now for the failures:
  • We've currently raised less than $2K from our open auction.
  • We've sold ourselves out of any meaningful stake for less than it costs to keep our lights on. This particular failure has largely nullified the decentralized nature and network possibilities of this nascent platform. ie, We're not decentralized enough to succeed with our tokenomics.

Plans for the immediate future:

  • We will be returning upon request any Steem donated to us. This may take some time as our stake is mostly powered up.
    Current stake purchased will be reduced by 100x. Meaning if you had acquired 10% of dlux you will now have 0.1%... except with no financial exposure.
  • We will work to provide continued incentives to delegate steem to dlux
  • We will be exchanging steem for dlux at a fixed rate to build a marketing and operating budget.
  • Upon completion of that sale we will be reengaging our daily micro offerings in a further attempt to distribute our tokens widely.

We are hoping that the community at large is more willing to help us plan and achieve goals. If you'd like to keep your donation with us we will issue fixed price tokens instead of a refund out of this pool.

Comment here or discuss on Discord


Interested Parties: @a1-shroom-spores @eastmael @elgeko @gabbagallery @cryptoandzen @whatsup @d-pend @flash07 @onealfa @kriptonik @gabbynhice @ackza @pangoli @fyrstikken @angelveselinov @michelios @masterthematrix @taskmaster4450 @direwolf @jznsamuel @bobby.madagascar @itstime @igster @deybacsi @protegeaa @gattino @mannacurrency @seareader1 @pocketrocket @preparedwombat @janusface @nataboo @j85063 @b-s @theycallmedan @tkept260 @runicar @acidyo @lanmower @tarazkp @juvyjabian @stackin @dera123 @rovill @tracilin @doon @blockcryptochain @bryan-imhoff @bubke @east.autovote @elementm @okean123 @shellyduncan @snubbermike @superlotto @chrismgiles @kenny-crane @altrosa @shredz7 @dlux-highway @dlux-sm @theb0red1 @onthewayout @syedumair @austindro @kohost @yasu24 @flora-francis @novacadian

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Aww chucks That pretty sad. I don't invest in ICO bc I don't really belive in them but it doesn't mean I hate them...
Maybe you can do an IEO like Steem hunt is doing? Daybit might be difficult as you have your own sodechain but you could tokenize your token on Eth that way having an erc20 token and as such list on Daybit...
Basically create an erc20 token say 10000 and back it with 10000 Dlux tokens.
And who said you have to use one exchange to IEO? You could do an IEO on freedomex as well...
Anyway best of luck.

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These are great options. Part of the fun of using our own side chain is that it can do anything... We are very open to ways to market.

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Great options for the project as the potential of the technology should not be limited to the lack of capital when other alternatives exist. I wish the project success!

Posted using Partiko iOS

Hey guys, thank you fo the update. I would like you to keep my donation as well. Keep moving forward and dont give up.

I still believe in this project and would like to hold on to my dlux tokens despite it being cut down by 100x. Feel free to move forward with what you guys think best to bring this project to get funded for its development.

Posted using Partiko Android

I really dont like to promise because if i cant make my promise i am the bad guy. But i am waiting for some amount to power up hope next week. If it happen i will try to delegate to you. Maybe not too much but every little matters.
By the way will be good to post more. Boost it guys. Post here post on the twitter and facebook. In every social media. Marketig is a most important part of this project. And your product is good it will be easy to advertise it😉

Posted using Partiko Android

Keeping my donations. I wish more people read about Dlux

What does that exactly mean for investors? Did our stake become worhrtess with the cut off 100x ?

Posted using Partiko Android

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Part of this is the discussion of the best ways to price these assets. Our very unequal distribution here would impede progress that could otherwise just be had. If you would like your donations back, feel free to request. Your holdings will go from 301233.993 (0.3%) to 3012.339 (0.003%) DLUX either way (If you delegate then this will be a little different) . If you don't receive your steem back we'll issue addition tokens at the fixed rate price to build up a marketing budget to increase the value of DLUX in total.

Depending on how this actually shakes out you may be holding more actual value, with no financial risk... and therefore not an investment. We also wish our hands weren't as tied as they are, but we'll do what we can to get this infrastructure to the world at large. Thank you for bearing with us as we attempt to make the best possible decisions.

This post has been included in the latest edition of SoS Daily News - a digest of all the latest news on the Steem blockchain.

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Thank you for curating the community so well!

If you'd like to keep your donation with us we will issue fixed price tokens instead of a refund out of this pool.

I would like to keep my donation with you. Best wishes with this project. I believe it has a bright future! 👍

Posted using Partiko Android

Wow, looking really nice dlux! Really excited about this project. In my opinion, one of the most under talked about apps on the chain.

I would like my donation to ride...

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Posted using Partiko iOS

Keep going bruh..what am I gonna do with 20 Steem anyways ....

So just to be clear you only had a donation program and no delegation program? I think a delegation program could also help. It sounds like there is a huge community of people who already love this project so I don’t think anybody would judge you for raising a huge amount of SP delegation and then using it to pay yourselves for expenses. Many great projects have done this and it should be considered as a good idea at this moment in time 😄

Posted using Partiko iOS

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Our delegation program remains! We've discovered new possibilities and will be posting shortly about our new plans.

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Ok awesome! Is there a minimum delegation amount or maybe just a post you could point me towards? I’ll probably just delegate now and then keep an eye out for the updates!

Posted using Partiko iOS

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Roughly speaking... you can delegate any amount to @dlux-io and a pool is split between delegators every day. The pool size will likely change in the next few days while we check our math... but currently you'd be splitting ~ 1% apy on 100,000,000 tokens between ~8K SP.

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Ok cool thanks for the info! 😄💯🚀

Posted using Partiko iOS

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Done (:

Posted using Partiko iOS