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November 25, 2014, 04:03:44 PM |
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There might be a bit of confusion about the release of the Criptoe Series 1 coin. I just want to make sure everyone is aware of my intentions for the sale of this coin. So here goes:
The first 20 coins are reserved. 5 for the Gulden team listed on the website. 5 or 6 for the Criptoe team. Another 3-5 reserved for outstanding members of the community who have really driven the success of the coin via marketing and projects. I know that's a little shy of 20, but I want to pad the number in case of any changes that may happen.
After that, the rest are for sale for the community. I haven't determined a price yet, but I've got a number in mind. I think that it is a reasonable price for a limited run, first series coin. It's comparable to other crypto physical collectables, if not a bit cheaper. I still want to talk with people involved before I announce a price though.
My concern with the sale, like I've said, is the logistics. I could easily set up a web shop and start selling coins right now. However, that would mean that I would be shipping 200+ packages to EU from California, USA. It would be an added cost I would not want to absorb, and it would take forever and increases the risk of lost shipments. So there are 2 options I see at this point:
The first is that I wholesale the lot to the dev team and they control the sale, allowing them to add a slight profit margin on each coin. This will allow them to fund projects or cover day to day costs of full time development of the coin(at least for a little while). I'd prefer something like this, as it not only makes it easier on me to sell all the coins, but it also benefits the team, and the coin as a whole. It also means a faster turn around time for delivery in EU. However, that means it's harder for buyers in other countries... but this is an EU based coin.
The second is that I, or a middle man in EU, sets up the webshop now. Sales are made, and shipping is delayed until I can send 50 or so coins at a time to EU. I wouldn't mind this option, but in my mind it just doesn't seem ideal.
So that's the dilemma at the moment. I need to get that sorted out before I start promising coins to people and starting sales. I believe the sale of the coins should be a traditional first come, first serve sale. If the dev team wants to auction some special coins in a signed display case or something, that's up to them. I think that's a great idea. But when it's all said and done, at this point there are 220-230 coins up for sale for the community.
Hope that clears up some of the confusion.
-Fuse
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