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RE: Beware of Another Worthless Token on SE Being Sold to Steemians

in #steemleo5 years ago

Hi there @xyzashu
Nice to meet you again.
I would answer your questions, of course, but first let me say you that:

So far I had intentionally preferred not to answer this comment by you. If someone reads the entire article and your comment and in spite of this he/she chooses to invest in your project, I won't really mind. But sometimes silence is interpreted as weakness of argument and I've seen you referring to this comment in this light.

No, there isn't any misunderstanding

Does that mean you wouldn't either recognize one of your mistakes or misunderstandings when you affirmed that for enjoy our services (as for example the cumulative jackpot), you would need 8,000 SPHR with is equal to trying to gain 8,000 STEEM from investors?
Because already said you how that works and you totally misunderstood that supposing someone who want to enjoy that cumulative jackpot would need to invest 8,000 STEEM. Please..., you would have begin better accepting your statements as wrong.

Unfortunately, few gullible people are actually investing in your token

I would appreciate if you don't disrespect my investors just because you have a different point of view than theirs.

I don't see anyone investing in even 100 tokens by now

Well, as I explained you, every purchase during the pre-sale has a 20% discount and an extra airdrop that multiplies per 20 the quantity they bought in STEEM.
So, we have, in this real case, an investor who bought 50 STEEM:
-This investor will receive from the pre-sale an amount of 1200 SPHR (20% discount plus per 20) + the quantity they will earn with the free main aidrop.
So here, again, you can see as 50 STEEM are converted to 1200 SPHR and it represents much more than those 100 tokens you didn't see anyone purchasing.

Also I point you out that this is just another pre-sale period as equal as other's blockchain project, for funding the project. You can choose to fund us or not, but, hey, not needed to disrespect us or harass us if you don't want to be an early investor and enjoy what we see as a series of advantages for those who believe in the project and make the effort to buy at 1 STEEM ratio.

Essentially what your comment implies is that you agree to the fact that your token is overpriced and an airdrop is a must to have to make it reasonable

Does anyone here or in the entire world, how much will it cost his tokens when the hit the market?
Noone knows that.
I just have to repeat you again here the same: this is just a one week pre-sale period for funding us with a series of advantages to those who make the effort of investing at 1 STEEM ratio.
Maybe the SPHR token will lower to 0.00001$ maybe it will raise to 0.40$.
Ask a fortune teller.

For those who are not on your airdrop list, how much they need to invest to get a minimum of 8000 tokens? There isn't any clarity on that.

They will need to wait for the pre-sale period to end and buy them on the market at the market price, whatever it will going to be.

Everything is related to the phrase "benefit of token sales". So, can you provide details of the projected expenses you will incur for this project?

This seems to be two questions in one but little nuanced and little explicit, really?
So I will respond to whatever I think you're referring with benefit of token sales.
-"Benefit of token sales" is tied, mainly, to the cumulative jackpot and the fund for donations since we're sending a 45% of the profits from all the token purchases (during the pre-sale and during years after, from the market sales), in form of STEEM, to both pots.
- 100 ENG from creating the token and pay all the people who worked behind setting all up (website, Dirscord server, graphics design) and who will work to keep it afloat with daily works such as making the raffles, making updated lists of all the actual investors and their stake, promotion in Facebook and Tweeter, et..

Can you provide a chart or graph for the realization of profit (and the capital being infused to power up your voting bot) as the token sales proceed?

As the White Paper says we can't know (after a couple of weeks after the pre-sale) how many investor we will have, so we said that the adjustments of voting percentages and profits ratio it's still to determine with clarity.
But counting with the fact that we can adjust the minimums to enjoy raffle and annual pot, (wich thing may promote people to buy the tokens needed to enjoy them, the upvote will be always intended to be higher for every investor, as a 55% of the profit purchases goes to our SP.

A table for actual SP of your voting bot when 25%, 50% and 100% of tokens are sold. (Is there any soft cap or hard cap?)

If you think about it you could not know that until know the price of your token, such thing we don't even know yet as we're not yet on the market.
We have 100M of maximum supply and issuing 10M first year.
We hope our voting bot SP will increase just with not much buys but trying that many people doesn't sell the token, so that way the price will go higher and we all we'll benefit from that.

What makes you think your token prices will rise in future? What is going to propel its demand when there isn't any value in it?

-We've already a successful project behind our backs, that arose from scratch as this same project is doing. We think we gave the people the opportunity to belong to a referent project for the Hispanic community. We try to help the people, our bit, with all the things our project offers, and I think that trust and that will for be part of us and enjoy our benefits will rise the price in the future.
-The demand, as I said in some paragraph above will be settled with the each time greater STEEM annual cumulative jackpot, greater SPHR raffles and the annual passive income for staking our token.

35% cumulative jackpot and 5% raffle allocation is rigged in favour of whales at the cost of small investors. What makes you opt for such a dubious strategy? Don't you like to owe any responsibility towards smaller investors?

As long as they hold the airdropped tokens, yes, it can be seen like that.
We believe in a proportional distribution for the people which is veteran here more than 3 years, witnesses and people with great quality content. We do love minnows, but they still will get a chance to become biggers with the raffle and buying some tokens in the market.
What I cannot do is to put minnows ahead of people with great trajectories here and who have done great things for the STEEM ecosystem.
In a last instance, pre-sale period was a good chance to every minnow for having lots of tokens, as we see it.

How much APR you project for small investors like that of 1 STEEM or 10 STEEM? Can you demonstrate a comparison of your APR vis-a-vis self-voting by powering-up that STEEM investment in one's own account?

Already, to be able to give yourself 0.01$, powering up STEEM, you need 400STEEM (SP), so that represents 40 times 10 STEEM.
Actually, with our only 2,000 SP we begin to give 0.01$ at 19% voting percentage and a man who only invested 10 STEEM and doesn't get our airdrop would be not getting a positive APR, since our formula give him a 0,24% upvote.
But if you read again the White Paper (Jimmy's case) you will we said that we lowered a lot the percentages thinking that we will going to have many people to upvote. As we're seeing, there're low quantity of investors (well, we have to wait to who holds their aidrop or not) we will consider to rise the percentages to every investor, as I emphasize, we already foresee in the White Paper.

I appreciate the efforts you put to reply to every comment and query to you. But I'll appreciate more if it's logical and if all figures are presented well, I guess, it will show you a mirror too

That's what we're trying since the first moment the White Paper was released.

I was sincerely hoping that you will modify your project to make it more meaningful

Some modifications were already foreseen in the White Paper, as already said to you, but we gonna add a 30% discount (instead of 20%) and a per 30 to the quantity bought in an extra airdrop (instead of per 20), plus including in the main airdrop every account who was not there and trusted us buying tokens.

Well, that's all from our part.

Have a nice day.

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