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JSECoin news. A great alternative to ads.
#1
Dear Sirs,

As a pre-ICO investor we would like to give you the first opportunity to see and comment on our token economics which are being finalised for the ERC20 smart contract.

Below I have outlined the key points:-

  • Inflate the currency 200x. This means your account balance and current holdings in the currency will be increased two hundred fold. However the price at ICO will be 200x times less and the max cap will increase as well (see below). The reason we want to do this is because investor psychology means the price of a token is given more weight than the total market cap. Projects with a lower per token price and higher market cap tend to do better at ICO and in post-ICO trading. There is also the benefit that miners will be “seeing” higher rewards with the minimum block reward being 1 JSE instead of 0.005 JSE currently. Your balance on the platform will increase two hundred fold but your holdings in the project as a percentage will not be affected by this change we will effectively just be moving the decimal place back.

  • We will be reducing the fixed total market cap and valuation by 50%. The initial valuation set out in our whitepaper values the project at $100m. We stated in the whitepaper that this may be reduced before ICO and we feel that this is necessary to provide better value to investors. The downside is that this limits the maximum possible amount we can raise at ICO but we feel the figures below reflect an ambitious but realistic target. This change will benefit pre-ICO investors and double your current holdings as a percentage of the fixed cap in the project.

  • A maximum of 50% of the max total cap will be made available at ICO. The project has always been focused on long-term success and retaining a significant amount of the currency in the distribution account will enable us to continue to provide mining rewards, referral bonuses etc. long in to the future without the introduction of transfer fees or commissions. This will also restrict the circulating supply providing less initial supply on the exchanges. Effectively the circulating supply will be considerably less than max total cap for many years to come, again effectively increasing the % stake of pre-ICO investors.


ERC20 Token Economics (Non-finalized)
Max total cap
10,000,000,000 (10 billion)
ICO cap
5,000,000,000 (5 billion)
Exchange rate USD
0.006 USD
Valuation
$60m USD
Personal Cap
Whitelisting only over $10k USD? Ref: Notes below KYC regulations
Duration of ICO
Close as soon as cap reached, 3 months max hard limit.
Price increase / bonus
10%,8%,5%
With max bonus still above $1 pre-ICO price

Founders & Advisors
5% total - (4% max between shareholders, 1% for advisors)
This remuneration is considerably lower than just about every other crypto ICO and reflects our commitment to the long-term success of the project.

Minimum transfer
$50 USD


These figures are not finalized yet and nothing is legally binding. As key stakeholders in the project we would welcome your thoughts and opinions on the information provided.

Thank you for your support and being a part of this project.

Kind regards,

David Mallett
Co-Founder
[url=https://u5958893.ct.sendgrid.net/wf/click?upn=yyHc8YW7tuZjsp4iNX5cz2pMySWOewCAB1bx3ydSYqo-3D_smbQiiOJ3SBDP3ZAnAfhSXk-2B0jtrStnjdA7hkRcBG3BzmZZVAYbc86jzWaPus51F7sAGR1nE1mRU0EfkbTFneOYNxQIODwnq-2FWezMt1oN0GX0xeBBhxl5-2BTixRcefBnNz1xnd1dl1ZfWzHH2VQ0xVr476o37hHccNTlSjWnBNZFHrLSg0kXmZnTJY-2FxRGGeVf07s5HR5cqEMzuw9A7q0fhCmTdchUhYv7fV45XwcvkM-3D][/url]
Cardano is the most promising 3 gen. crypto right now.


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#2
(2018-03-16, 08:44 AM)Carsten Wrote: Dear Sirs,

As a pre-ICO investor we would like to give you the first opportunity to see and comment on our token economics which are being finalised for the ERC20 smart contract.

Below I have outlined the key points:-
  • Inflate the currency 200x. This means your account balance and current holdings in the currency will be increased two hundred fold. However the price at ICO will be 200x times less and the max cap will increase as well (see below). The reason we want to do this is because investor psychology means the price of a token is given more weight than the total market cap. Projects with a lower per token price and higher market cap tend to do better at ICO and in post-ICO trading. There is also the benefit that miners will be “seeing” higher rewards with the minimum block reward being 1 JSE instead of 0.005 JSE currently. Your balance on the platform will increase two hundred fold but your holdings in the project as a percentage will not be affected by this change we will effectively just be moving the decimal place back.
  • We will be reducing the fixed total market cap and valuation by 50%. The initial valuation set out in our whitepaper values the project at $100m. We stated in the whitepaper that this may be reduced before ICO and we feel that this is necessary to provide better value to investors. The downside is that this limits the maximum possible amount we can raise at ICO but we feel the figures below reflect an ambitious but realistic target. This change will benefit pre-ICO investors and double your current holdings as a percentage of the fixed cap in the project.
  • A maximum of 50% of the max total cap will be made available at ICO. The project has always been focused on long-term success and retaining a significant amount of the currency in the distribution account will enable us to continue to provide mining rewards, referral bonuses etc. long in to the future without the introduction of transfer fees or commissions. This will also restrict the circulating supply providing less initial supply on the exchanges. Effectively the circulating supply will be considerably less than max total cap for many years to come, again effectively increasing the % stake of pre-ICO investors.


ERC20 Token Economics (Non-finalized)
Max total cap
10,000,000,000 (10 billion)
ICO cap
5,000,000,000 (5 billion)
Exchange rate USD
0.006 USD
Valuation
$60m USD
Personal Cap
Whitelisting only over $10k USD? Ref: Notes below KYC regulations
Duration of ICO
Close as soon as cap reached, 3 months max hard limit.
Price increase / bonus
10%,8%,5%
With max bonus still above $1 pre-ICO price

Founders & Advisors
5% total - (4% max between shareholders, 1% for advisors)
This remuneration is considerably lower than just about every other crypto ICO and reflects our commitment to the long-term success of the project.

Minimum transfer
$50 USD


These figures are not finalized yet and nothing is legally binding. As key stakeholders in the project we would welcome your thoughts and opinions on the information provided.

Thank you for your support and being a part of this project.

Kind regards,

David Mallett
Co-Founder
[url=https://u5958893.ct.sendgrid.net/wf/click?upn=yyHc8YW7tuZjsp4iNX5cz2pMySWOewCAB1bx3ydSYqo-3D_smbQiiOJ3SBDP3ZAnAfhSXk-2B0jtrStnjdA7hkRcBG3BzmZZVAYbc86jzWaPus51F7sAGR1nE1mRU0EfkbTFneOYNxQIODwnq-2FWezMt1oN0GX0xeBBhxl5-2BTixRcefBnNz1xnd1dl1ZfWzHH2VQ0xVr476o37hHccNTlSjWnBNZFHrLSg0kXmZnTJY-2FxRGGeVf07s5HR5cqEMzuw9A7q0fhCmTdchUhYv7fV45XwcvkM-3D][/url]
Where did you find this?
What is this thing that builds our dreams, yet slips away from us?

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#3
i got it in a mail Hugues!
Cardano is the most promising 3 gen. crypto right now.


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#4
(2018-03-17, 11:48 AM)Carsten Wrote: i got it in a mail Hugues!

Very strange I did not get an email about it and it is nowhere to find on the website.
What is this thing that builds our dreams, yet slips away from us?

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#5
yes that's strange.
Cardano is the most promising 3 gen. crypto right now.


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#6
I am surprised that they feel their code and business is worth 60 million dollars.
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#7
(2018-03-21, 04:01 PM)Jacob Wrote: I am surprised that they feel their code and business is worth 60 million dollars.

For sure it's hard to say how much it's worth. I have been writing with Dave Mallett multiple times about issues I see and they are really trying to work with all the major antivirus firms to get whitelisted and has been successful until now. There are still problems but I hope to see this as the first true legal alternative to ads. If so it's worth much more than 60 million.
Cardano is the most promising 3 gen. crypto right now.


Reply
#8
(2018-03-21, 04:12 PM)Carsten Wrote:
(2018-03-21, 04:01 PM)Jacob Wrote: I am surprised that they feel their code and business is worth 60 million dollars.

For sure it's hard to say how much it's worth. I have been writing with Dave Mallett multiple times about issues I see and they are really trying to work with all the major antivirus firms to get whitelisted and has been successful until now. There are still problems but I hope to see this as the first true legal alternative to ads. If so it's worth much more than 60 million.

When you look at it that way, yes, it is a valuable service to webmasters, and even to end users, because they may end up actually saving money by not being influenced by retargeting ads.

However, it just takes one google slap in the search engine results for webmasters to move away from crypto mining in the browser. I wouldn't put it past Google to make an announcement soon that any website that causes an increase in compute cycles in a user's browser will have penalties in the organic results.
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#9
...and with that statement we have to learn that nothing is free. If you accept that you use a bit of CPU that you hardly notice but avoid annoying ads then I'm sure most will accept it.
Cardano is the most promising 3 gen. crypto right now.


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#10
I see Google's banning of Cryptocurrency ads as a step to stop scams, but also as a way to block legitimate projects which may one day challenge Google's many industries that it has a hand in.

Cryptocurrency mining in the browser is a direct threat to Google's main income stream. The Adsense network makes billions each year. Google will do everything possible to protect one of its primary assets.

Coming from a purely Web Designer aesthetic point of view, JSECoin is a beautiful thing that means:
  • The designer doesn't have to worry about making room for advertising that always takes away from the elegance of the web page
  • There are no 404 not found errors or blank image files from an unmaintained ad server
  • The page loads at a much faster speed
  • A better user experience can be provided, especially on mobile
From a end-user perspective, JSECoin can save the visitor a marginal amount of money by saving on data costs on mobile and greatly increasing page rendering and loading speeds as compared to a page that makes calls to an ad server.

I am starting to warm to JSECoin and am considering using it on some of my sites.

There is an alternative to both ads and cryptomining in the browser, and that is: loosely coupled e-commerce.

Imagine this:
  • There are two small links on each page that link to an attached e-commerce store (e.g. shop.rimbit.dk)
  • In the store site visitors can support the site by buying products
  • e.g. A t-shirt which says the following:
                                                                            "DONT get your wallet!"
                                                                                     - Professor Hugues
                                                                           Big Grin "Don't ever do this" Tongue
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