thanks for your answer. one last question concerning the pricing using the NHZ example again:
what does prevent a NHZ whale from pumping the BTC/NHZ price and putting a decent buy wall a few hours before the ito starts increasing its recent average such that the token/NHZ price will be determined to his favour and then selling a lot of NHZ for an awesome price. i mean the buyers of the NHZ wont have any disadvantages as in that case the token/NHZ price is determined so that they can buy the blocknet token for the 10% discount, so that they actually wont care about the high BTC/NHZ price.

We consulted with participating exchanges prior to this and they are completely comfortable with the legality of the ITO.


Speaking personally now, what serves as a continual source of fascination is how US organisations seem not to notice that their jurisdiction ends at national boundaries.

The Blocknet is not an organisation or a business. It's a network.

It exists everywhere and nowhere. It does not exist in the US.

If you're based in the US and buy Blocknet tokens, this does not mean that you bought them *in* the US, because the tokens don't exist in the US, ever.
(They don't even exist in the US if you put them on a paper wallet, because paper wallets are just proofs of ownership of an entry in a blockchain, and the blockchain doesn't exist in the US.)

(Also, we're not offering securities. We're offering digital tokens, which are the denomination in which service provider fees are paid.)

Dear synechist and mxxxxxx,
over the last 7 days you have spent significant amount of time on this thread marketing the ITO. Typically, this is something that the devs were doing in the past, however you are just PR people. What is your salary and how much BTC from the ITO will go to your pockets paying for your services? Are you gonna provide this information in your full BTC transparency?

You should report the ITO. Be it for a week. Etablish clear rule & organisation first.
There will be ten million tokens. Original value = 0.00025 BTC each.
Beside that it's mystery. Less than 24h, 875k$ limit...

The technology for decentralized ITO isn't there yet. BlockNet is suppose to provide it.

I'm surprise nobody asked these question: [Though I haven't read everything yet]
- Concerning the BTC exchange, what will be it's % distribution between Bittrex, Bter, Poloniex and CoinGateway?
- Then what will be the % distribution of the ITO between BTC, XC and the other coin?
The 10% discount appear nice at first [mostly for the original miners though], but it will just result in the most messy ITO of the cryptohistory.
It would be a shame for such a promizing project.

Much simplier & neat to strictly stick to BTC, and a single centralized provider such as Bittrex.

BTC hold in multisign a plus. Usage prediction a must.

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Additional note from an outsider of your BlockNetwork (strictly my own point of view here):
Fare distributed NEM - "NXT 2.0" tech - feel much more appropriate for the "Web 3.0" than NHZ, a NXT copycat with dubious distribution. Though that may be unimportant as the temporary-original-token could just be switched on any exchange-platform, later, as I understood.

Disclamer:
Never been a miner, kind of NXT hater, no holding in any of your BlockPartner.

This is true for me too. I work for XCurrency and am not paid by the Blocknet.

We'll be releasing some details about the distribution of tokens later today.

Distribution can also be modified as the ITO continues and we watch volumes on various pairings and exchanges.

I don't think that the 10% discount will make the ITO messy.

OK, thanks for the input, much appreciated.

What time today approx? 

Also, this all seems a bit of a sprint to the finish line. Maybe it would be an idea to put the ITO back a few days so nothing is rushed?

I personally have a lot of trading experience on the above mentioned markets. Comparing ITO/IPO/ICO in crypto to financial IPOs is nonsense, as the amount of due diligence done by investment banks, auditors etc. is very comprehensive. Oh, and by the way, the greenshoe (over-allotment) option does create a buy wall. It is typically 10-15% of the offered amount.  Also, financial IPOs are never 100%, whereas in crypto "devs" are selling everything. This is just ridiculous.