RE: DLUX SMT ICO VR dApp
Hey!
This is the ICO auction. It is structured as uncapped rounds. Donations to our project and vote fund will be distributed based on donations in the round. In this calculator, you can see how many tokens are up for auction. How many blocks are left in the round, as well as how much has been donated. So right now about $100 has been donated, which means if one were to donate about $100 then you'd get roughly 1/2 the tokens up for auction. But if you wait to see how many other people want to bid in the auction the value of your $100 will slowly accelerate toward $50. Meaning you'd get 1/3 of the tokens donating in the last blocks. This ensures the best outcomes for those most excited about the project.
- Wait Weighted:
WeightedAmount = PurchaseAmount*(Math.sqrt(Math.pow((BHf - BHo), 2)-Math.pow((BHo+BHb), 2)))/2 + 1/2Where BH is Blockheight(time), o is initial, f is final, and b Purchase block.
In most uncapped rounds all investment activity is at the beginning and end. This gradual acceleration toward 50% ensures that there is always an incentive to purchase now for community price discovery, but also to encourage further investment as your share to investment ratio grows with each additional bid. We couldn't think of a fairer way to incentivize participation. There are no GAS prices or ways to censor other bids on STEEM.
Once our SMT is launched the only way to acquire these will be through creating and engaging with dlux content or trading them among the users.
Our ICO will be distributed this way for 60% of the tokens, which means roughly 60 cents on the dollar will be built in to each token. About 30% is earmarked to on-boarding users, which increase the value of the dlux economy by incentivizes more content and attracting more engagement. Steem has several unique advantageous ways to collect and utilize capital; we believe this is the perfect platform for ICOs.
We envision a robust ecosystem between VR and the physical world with AR.
Thank you for considering being an early project backer!
@dlux-io , I just sent through 100 steem to participate in the Dlux ICO, I hope it helps you get the project up and running, just wondering where I get confirmation of the DLUX tokens and how many were issued?
Hi! Thanks for sending in steem to help us along. If you sign in to dlux.io and navigate to dlux.io/ico you can see how many tokens you have pending, not sure how many you will get, but you will get a better deal than any who buy after you. At the end of the initial round(~Nov 1) and every day after that tokens will "lock." They will be issued to you with SMT launch in spring 2019.
Hi Dlux, I had some trouble finding the token amount pending I received, would it be possible, if you can let me know via this reply?
Cheers
It depends on how many people donate in the round. As of right now there are 212.5 STEEM sharing 20,000,000 DLUX. There are some minor weights associated with this over this time period, but in general if nobody else donates for the rest of October you will receive a little less than half of the 20,000,000 tokens for the round as you've donated 100/212.5.
You are participating in a social network though. The more distributed the ecosystem is, the more variety of content you have, the more the value of the reward pool, the utility of the token... everything depends on number of users, it's network effect. Therefore, more tokens you receive per amount invested the less successful your investment. We hope to lock in a much smaller amount of tokens at the end of October for you. ;)
Everybody who participates after you will have a lower weight applied to their investment so we all have incentives to grow the network. You can find more information about the realtime values at dlux.io/ico and in our releases.
Hi dlux
Thanks for getting back to me. Nice project and I added a little more too my contribution to help out.
Cheers