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Cryptum ICO Stage II Sale – Project Update

Cryptum ICO Stage II starts on October 17:

Cryptum ICO Stage II sale is your last chance to take part in our multi-project ICO (check our this article and our Whitepaper for more information) with the following features:

  • Cryptum Board Games: the Cryptum ICO main goal is funding a board games publishing studio. We will share up to 40% of the profits with token owners by creating a pool that can be claimed based on the number of tokens owned (a percentage from each round). The shared profits are an optional feature accessible via claims. We already started developing three of the games – you can check our Blog and the Info pages in the top menu for more information.
  • Cryptumcoin ICO: Cryptumcoin is an Equihash-based mineable cryptocurrency we are launching in December 2017. We will distribute up to over 2.5 million CRYC among the ICO participants depending on the total number of Cryptum Tokens sold.
  • Tiers for free games access – with proof-of-ownership tiered access accessible if you own 25, 35, 65 or 100+ CRTM. Every tier gives you the optional right to claim free access to one, more or even all the games we ever publish.

Cryptum Stage II Sale

You can participate in the Stage II of the Cryptum ICO by purchasing CRTM tokens using BTC, ETH, ETC, BCH, LTC, DASH or ZEC. Note that any amounts lower than the shown in table will not receive CRTM and will not be refunded!

 

Changes from Stage I

After raising about $136 000 during Stage I, we realized we won’t make it to Mining project level of sales even in Stage II. Somewhere during Stage I and we received a sound advice from ICO Rating regarding the project – to devote on the board games. At the end, we made the decision to focus on the two aspects of the ICO that are most important to us: the board games project and the Cryptumcoin currency we are launching in December.

That means any side projects such as icodbase and the mining project are being cancelled, allowing us to concentrate our efforts to the board games and the Cryptumcoin. It also leads to a very important change regarding the total amount of CRTM, as we no longer need to sell so many tokens to get the funding we want – the maximum supply of Cryptum Tokens changes from 1.102 million to a bit over 156 000, with 129 520 available for sale during Stage II of the Cryptum ICO. The Stage II will continue to November 17 or until the tokens are sold, whichever comes first.

Initially we announced the prices will be 25% over the Stage I Sale amounts, but with the latest Bitcoin rate changes, we decided on a new approach. Instead of the ETH price, we are now using the BTC price as a base (and it remains the same 0.00135 BTC/CRTM). All prices include CRTM and CRYC transfer fees. The minimum participation amount is 25 CRTM (which is the same as Tier 1, so you will be able to get a bonus free crypto-mining board game when it’s released, and a share of the games profits each time we release a game on the market).

What do you achieve with these changes?

For once, we will be working harder on the games and the CRYC currency development, and we will not split the main funding to make a partial investment in a mining farm. This lowers the basic needs of the project to much more manageable levels.

  • The Cryptum Board Games project does not scale so well over $800 000, forcing us to seek and publish games that we may not want to. While generally this is a good idea, at around 150 000 CRTM we would have lowered the games funding for building the farm, meaning we would have needed higher ICO total funding for the same board games funding.
  • It also means now we will have the same profits from the games to share among much less potential token owners, and we can distribute more meaningful amounts of Cryptumcoin among the token owners while still keeping the coin pre-mine low.
  • The Cryptumcoin is being developed as a miner- and trade-centric currency together with Crypto Mining Blog. We want use it in our future games store and as advertisement payment currency in websites we are developing.

 

More Cryptumcoins per CRTM token

(Note that all information dependent on the amount of CRTM sold during Stage I is non-final. We will keep the ratios and final amounts as close as possible to the information below, but some calculations use the CRTM sold during Stage I and we are compiling it before its end).

In order to promote the change, we will be distributing much higher amounts of Cryptumcoins during their launch in December. Launching a currency that has both a fair launch targeted at miners and a large pre-mine, which are somehow mutually exclusive, is not easy, but we found a way to balance between the ICO supply and the coin effective supply (the supply in the most active mining and trade periods we call “ages”, see the table below) and the max supply. We are keeping the total pre-mine to between 0.42% and 2.64% of the max supply of Cryptumcoins (depending on final ICO sales) and between 2.22% and 12.70% of the ages of peak interest supply.

The pre-mine volume is based on the CRTM tokens sold during the ICO stage plus any bonuses, and varies between 397 823 and 2.6 million CRYC. It is distributed on the following conditions (formulas are explained in the notes, further information can be found in our Whitepaper):

CRTMsold1 CRYC per CRTM2 TOPx Bonus3 Additional Marketing4
19.8-50.5k 10.00-11.11 CRYC/CRTM 11.8k-33.6k =(200k-Bonus)
50.5K-100.5k 11.11-12.93 CRYC/CRTM 33.6k-77.9k =(200k-Bonus)
100.5k-156.1k 12.93-14.95 CRYC/CRTM 77.9k-140.1k =(200k-Bonus)

1 Example categories starting from the current distribution of 19 776 CRTM and up to theoretical maximum of 156 118 CRTM incl. bonuses

2 Current CRYC/CRTM Rate (CRYCrate) = 10+(CRTMsold – CRTMstage1) / 27500). After the coin launch, token owners will have 30 to 45 days to claim their Cryptumcoins on our website. Please follow our social accounts on top of the page to avoid missing the deadline. Distribution will be done in waves on a first come, first served basis.

3 After launching the Cryptumcoin, and after the claims period is over, we will distribute an additional bonus amount of CRYC (Bonustotal = CRTMsold * CRYCrate * 0.06) to the top contributors based on the following formula: Bonustop = BonusTotal / TOPx where the number of TOP contributors is TOPx = (CRTMsold – CRTMstage1) / 250 if < of the total number of contributors, or else the number of contributors.

4 As we would try to list the Cryptumcoin on as many quality exchanges as possible instead of relying on voted listing, and considering the prices for listing a coin lately (3-5 BTC on some exchanges), we’ll need an extended marketing support. The formula here is: Marketing Budget = 200 000 – CRYCbonus.

In any case that doesn’t allow us to use anything but integers, we will be rounding in a way that leaves the difference in our wallet. Unclaimed amounts of Cryptumcoin will be considered forfeit.

 

Consider the following example:

If we sell a total 35 000 CRTM with 5% bonus on the amount sold during Stage II, we will distribute 35 760.88 CRTM to token owners, and, after the Cryptumcoin launch, any owner would be able to claim 10.58 CRYC per token (for a total of 578 387.35 CRYC, representing less than 0.6% of the theoretical future maximum supply of Cryptumcoins). Additionally, in this example, after the claims, we will distribute 22 703 bonus CRYC via aidrops to TOP63 contributors (355 each), we will have 11 351 CRYC for bounties (note that social bounties will only be distributed if we sell more than 55 000 CRTM total) and 177296 CRYC budget for exchanges listing.

Not in the table – we will have a bounty campaigns, distributing an amount equal to 50% of the post-sale bonus, but these will be announced after the Cryptumcoin pre-announcement.

 

Cryptumcoin features and goals

Creating a currency that can be equally attractive to miners and ICO investors is hard. There are number of other goals we had in mind, as well as solutions for them:

  • To create a highly popular currency. Being based on popular tech would hardly make it one of the TOP10 (although it has better chances than some of the top coins in WhatToMine), but considering how many poorly developed and meaningless cryptocurrencies make it to the TOP100 coins, we consider it paramount goal.
  • Protecting the ICO investments – basically making it popular is enough, but we also implemented low initial start and we will invest in early exchange listing so the ICO participants would be able to trade it early, almost everywhere.
  • Listed at the top exchanges – which requires mostly high volume. And the pre-mine will help with creating trade volume on smaller exchanges as a gateway to high volume trade on the big ones.
  • Friendly to the miners – with an early access to exchanges, pools and tools, and power efficient and well known algorithm, and meaningful block rewards that ae meant to expand it fast, there is no doubt Cryptumcoin is going to be widesperad and friendly to miners that hate to see 0.x in their daily earnings or 0.000000x cost at the exchanges.

Cryptumcoin is developed together with one of the leading mining blogs – Crypto Mining Blog, meaning it is primarily a miners’, trade-centric currency, but we developed in a way that promotes long-term investment value and that fights some common failures of other currencies launched in the past. We want to be able to use it as a main currency for our products and services in the future, and we don’t see any value in poorly copy-pasted currencies that cannot be regarded as even a short term trade opportunity, much less as a long-term investment.

 

  • Power efficient algorithm – we are using one of the most power efficient and ASIC-proof algorithms today. Equihash is still by far more favorable to your bills than almost every other popular algorithm. There are some examples of even more power-efficient algorithms, like ethash, but they are either farm-friendly, non-user-friendly or simply unpopular.
  • Less farm-friendly – with Equihash being clearly favorable to NVIDIA GPUs and NVIDIA being a bit late to the mining party, there are much less farms using “green” GPUs, and there are many more small miners using them, meaning you can expect more mileage out of your GPU. Plus the NVIDIA videocards are easier to find on the market right now.
  • Extremely popular algorithm – this is a bit of a double-edged sword, but it allows exchanges and pools an easy integration, there are far less problems expected on software level, and there is a better chance to make the currency known to more people. Last, but not least, everyone knows how to mine it. Of course, we will still explain it in details on our website!
  • Listed early at exchanges – we want to make Cryptumcoin popular. It will not happen only by holding Cryptumcoins in wallets, there has to be trade volume to allow it to enter the top traded currencies. With a fractional pre-mine (distributed as a small part of our Cryptum ICO) available to make it ready for exchanges since day one, and block rewards that quickly expand its presence, we hope to have it on every major exchange in less than 2 months.
  • Developed together with Crypto Mining Blog and advertised by such a leading mining media means the coin will receive plenty of attentionHigher initial volumes also allow us to promote trade and add it to CoinMarketCap and WhatToMine faster.
  • Announced early – with Pre-Announcement being part of the Cryptum ICO and starting well before the actual launch, we want to give equal chances to the ICO contributors to get involved and establish the trade market, and send a clear message to the miners what and when to expect.
  • All the tools available – it’s not a rare case to see a “day 1 fair launch” that only offers a Linux wallet and a CPU miner – this is usually done to allow the devs to mine early with impunity. We will provide all the tools and their sources together with the launch. Being an Equihash-based currency also helps as the miners are already quite popular.
  • Pools contacted ahead of the official launch date – we will contact some popular pools ahead of the launch so they can prepare for a zero day mining. Together with early listing at the exchanges, we want to create a finished ecosystem for the coin and give everyone immediate access to it.
  • Innovative block reward scheme that addresses almost most weaknesses of coin launches launches and targets some specific problems with distribution, inflation and availability.

 

Vision and Specifications

The theoretical maximum supply of Cryptumcoins is over 98.5 million coins, which is not unusually high. Still, we had to consider that it has some influence over the market price, and that we have a pre-mine for highly-mineable cryptocurrency. We have developed changes in the block rewards according to the block height, which we call Ages. These ages address the most common issues of newly launched digital currencies and are aimed at creating a lasting currency with slowly inflating price that can be considered stable.

Click for a higher resolution image

At the same time, the ages also help us establish the Cryptumcoin as a coin dedicated to miners, and protect the initial investors that participate in the Cryptum ICO. For example, we will start with low block reward for the initial 8064 blocks. As this is the time when most ICO contributors are claiming their rewards (practically proving they own certain amount of CRTM tokens and confirming their address with a minimal ETH transfer from it), and we are listing the Cryptumcoin on as many exchanges it is possible, it is the ICO participants job to establish the trade with the early investors. Yet we will not start with completely useless rewards, and early miners will be able to take some advantage of the low difficulty.

Click for a higher resolution image

The scheme is shown in on the image above and explained in detail below:

  • The Initial Age has a much smaller block reward that doesn’t promote early over-mining. Together with the fair launch and pre-announcement it will create equal possibilities to all miners. It also protects the ICO contributors investment early in the currency life while still allowing newcomers to mine and sell their coins to early investors.
    • The Slow Adoption Age is the time when most people learn about new coins; the block reward becomes 50% higher (but just a bit over mean value) while the difficulty increases with new miners joining in, meaning more people will get Cryptumcoins. It also raises the max supply to 3.25-20+ times the ICO premine (depending on the ICO sales).
  • The Rapid Expansion Age raises the block reward further with another 50%, right at the time of peak popularity growth, allowing great expansion of the coin presence and trade opportunities. This welcomes latecomers and doesn’t punish the people that started early, even after the difficulty increases by a lot. At the end of this age there will be over 15.4 million CRYC on the market.
    • The Expansion Adjustment Age lowers the block reward slightly (11.1%) to help fight deflation and even promote slight increase of the price. We expect that this will be a time of high difficulty mining, so we kept the reward about 35% higher than the mean value. At the end of this stage the Cryptumcoin will be hard to mine, yet there will be over 21 million coins on the market, allowing great spread and trade volume.
  • The Stable Age is basically an age of peak popularity and difficulty. At its start, the ICO premine will contribute to only between 2 to 11% of the total coins on the market (depending on the ICO sales), and this is when we plan to start using the Cryptumcoin for our services. The block reward is lowered with 12.5% over the Expansion Adjustment Age for the next 64512 blocks to stimulate trade and price growth.
    • The Price Adjustment and the Final Price Adjustment Ages lower the block reward further to promote a stable price inflation over time without delving into the typical halving of the reward that risks alienating the miners. With over 40% of the currency life ahead of it and stable, gradually inflating price, the Cryptumcoin will have a chance to become one of the top end cryptocurrencies and keep its place for a long time.

Detailed specifications, tables and additional information can be found in our Whitepaper. Additionally, you can visit cryptumcoin.com.

Together with the long list of features and specific ideas we introduced in the development of Cryptumcoin, we hope to establish it as one of the most popular crypto currencies on the market. You can participate early buying Cryptum Tokens – the Cryptumcoin is only a bonus feature of the tokens as they are helping us fund board games publishing, featuring shared profits and free access to our games, but each CRTM token owner will receive initial amounts of CRYC to use as he sees fit.

The Armada Collective DDoS Threats – don’t bother

We got another of those mindless letters explaining we will get DDoSed if we don’t pay some BTC to a group calling themselves “The Armada Collective”. Here is it:

FORWARD THIS MAIL TO WHOEVER IS IMPORTANT IN YOUR COMPANY AND CAN MAKE DECISION!

We are Armada Collective.

In past, we launched one of the largest attacks in Switzerland’s history. Use Google.

Cryptum will be DDoS-ed if you don’t pay 2 Bitcoins @ 18Z6SNHDiazvBFUQQU5gwXJuS1SrdFbpyC within 24 hours!

REMEMBER: YOU HAVE 24 HOURS FROM THIS MAIL!

Our attacks are extremely powerful, we can attack over CloudFlare/Incapsula and other services, so no protection will help.

Right now we will start 15 minutes attack on your site. It will not be hard, we will not crash it at the moment to try to minimize eventual damage, which we want to avoid at this moment. It’s just to prove that this is not a hoax. Check your logs!

If you don’t pay by in 24 hours, attack will start, price to stop will increase to 5 BTC and will go up 2 BTC for every day of a ttack.

If you report this to media and try to get some free publicity by using our name, instead of paying, attack will start permanently and will last for a long time.

This is not a joke.

Prevent it all with just 2 BTC @ 18Z6SNHDiazvBFUQQU5gwXJuS1SrdFbpyC

Among the pile of threats, they gave us the sound advise to use Google. So we used it, and how it backfired on those fledgling scammers credibility. There is a nice article in Cloudflare’s Blog (the same service they explained they can ignore) explaining those empty threats are simply a scam. The Original Armada Collective went silent in 2015 after arrests from Interpol, and while they actually carried out their threats and attacked some website, we highly doubt they would do it with just about any website, especially a midrange ICO. Why?

DDoS attacks are a bit of a one-shot pony and you cannot sustain them for long, so wasting them just to prove a point won’t happen often, and is even less likely to happen if you are some website that doesn’t make quite a lot of cash, otherwise you wouldn’t even care that much.

And, even if they carried out such attack and our service provider failed to protect the server, calling their 24/7 support for a fix would take just a few minutes. They can literally disconnect the server and just move it to a new IP or raise their DDoS protection if it failed and by some miracle they didn’t notice. Apart from that, there are plenty of on-site tools that can help you with simpler attacks that happen on nearly a daily basis, like banning options with limits on requests, fake crawler blocking, and throttling huge number of requests (or simply blocking them for few minutes) essentially limiting the number of pages visitors are able to request per minute.

Say a normal person can view few pages a minute, considering he’s up for some information. 10 pages? May be, often the number of pages per minute is less than 3 or 4 (although it depends on the content, of course), so if you limit the page requests to 15 per minute before they are throttled, and block the user if he exceeds 30 to 60, the chance to disrupt a real user experience is very low. Unless he’s up to something you don’t usually want.

So, unless you are running a multimillion ICO – in which case we assume you took all necessary steps to protect your website, although the ICO history says otherwise, you can pretty much ignore such emails.

Stay safe!

The “I can help you promoting your ICO” madness

Hey There!
My name’s Someone, I run one of the biggest channels on YouTube (over 2M subscribers) Let’s-call-it-best-ICOs, and I have a cryptocurrency channel.

https://www.youtube.com/channel/…

As you know already, nothing is better than word of mouth, when it comes to advertising a brand. I can talk to my supporters about your ICO, and it’ll surely help out, as it has for several other companies I’ve worked with. In regards to payment, I don’t work on fixed pricing. But to give you a reference point, the last company I worked with gave me 5 BTC. If you’re interested, make me an offer, and I’ll see if it works.

Best,
Someone

Reference of video quality you can expect:
https://www.youtube.com/watch?v=…

We got this email (three times to be precise). If it was the first of the type in our box, we would ignore it. But it was just a one of many. Actually we laughed at the amount of BTC it suggests, considering way too much of the channel videos had too low number of views (like you can shoot a random rant about your bulb being too bright and you will get more). 5 BTC? $20 000 so some self-named authority can promote us to people that believe he has any authority to promote us? But if he only does promotional videos, how can anyone expect any objectivity? That’s our min target to make a game! Not even considering how much is this in targeted Facebook ads.

Why board games? What kind of market is that?

Starting an ICO about board games (well, not only, but people read only so far) was bound to raise the question why are we seeking funding in the crypto world, instead of using the market we already have. And we believe that deserves an answer, and a honest one:

Because it’s a competitive market dominated by big corporations and high expectations, yet it has some sweet spots available to anyone, and with a decent funding we can get there. It’s a lucrative business with very high margins if you optimize well.

It’s all personal – and that matters

From: Nikolai Tsekov

I keep feeling that trying to sound official when it comes to our business instead of switching to more informal language is becoming more or less a barrier to understanding our ICO. I mean… it’s a personal thing for us. And anyone that pays his precious ETH or BTC is clearly becoming personally involved in our project. Well let’s make it personal.

 

Does marketing budget prove a project is legit?

First of all – our project is not like other ICOs (as if you haven’t heard that before, but please bear with me) It’s done for profit, but profit is not the sole purpose – as we want to create a thriving business, and since people are paying for the whole lot of projects, we do feel that they deserve their fair share (despite what regulation would say on the matter, there will always be countries where it’s legal).

It is not about incorporating a new company (preferably offshore), then escrowing the funds as if that actually guarantees anything, then spending a substantial amount of bitcoins for marketing because someone that doesn’t even use his name told us that this proves we are not running a false campaign. That’s the proof? My personal authority, my company and the company of my teammates, all with 15+ years of history and all of us standing with our names and reputation behind the project are not guarantee we are running a legit ICO, but a payment to anonymous profile in Youtube and/or Twitter that would promote whatever he’s paid to do, or to someone that has built a name by being paid to promote stuff, proves we are dedicated non-scammers? How so? How is that even building anyone’s authority?

Let me tell you what would we do if we were going to rob people. We will prepare a good amount of money, then use all those greedy persons that are ready to promote anything if they are paid well to promote the tokens, then sell a lot of the said tokens, and then forget about all those good people that paid with their own funds. We could even get someone famous that could play sorry for being misled later to say a good word for us, or even add them to the team. We can then make it look like we sold $20 million worth of the thing at a pre-sale, after all – most of the time this data is not backed up with transparent funds movement. And voilà – we have a huge ICO hat has “only” left $10 million in tokens for the sorry late non-investors, a.k.a you. Now that’s a good false campaign. Throw some “revolutionizing” in the name and you are all set. Well, may be include some news about being targeted by hackers! There is bound to be free articles about it, or you at least get a reason to put another press release in circulation!

We could do it. Lately most ICOs are just about that.

Cryptum Shared Profits Explained (Updated)

By Nikolai Tsekov, Anton Belev, Grigor Stoichkov

We mentioned “shared profit” such a number of times that it’s starting to hurt your eyes, yet the numbers are a bit elusive, aren’t they? 20% here, 40% there, 50% elsewhere, but what about some real projections?

To be honest, it is a bit hard to predict it. But let’s try anyway. First of all you should read how it works? here.

 

What we didn’t want to create

Many ICO’s rely on the hype about their activity to create higher demand, which usually causes the price to climb. And then, when you decide it’s the right time, you just dump the tokens. It may be a week, or few months, or even year from the start, but that’s about it. Others, like Giga Watt, issue tokens with very specific price – like 1 WTT is 1 watt, and it started from 1 USD. Considering how they are used, it means that the tokens already have a set price, and the aftermarket (or in this case – the after-sales) can boost it additionally.

Cryptum ICO Stage I Sale bounties campaign

Time to make it worth for some of the more active members of the ICO community! In the following days we are releasing some small bounties. Some are not really the typical ones, some require a simple follow on Twitter. You will find them all in our Twitter and Facebook pages, so follow them. Two of the bounties would require from you to gather some points and rank on one of the top 3 spots in order to receive 30, 25 and 20 CRTM respectively (25 CRTM = 0.5 ETH at regular sale price). We also have additional bounties for both categories.

When in China, act like Chinese

We know it’s been a weird day after reading the news from China. How could they do this? Outrage! No way! ICOs shutting down! Well, we live in interesting times (pun intended), ad there is going to be lot more pressure from authorities. But, after all, we design, develop and manufacture board games. In fact most of the board games are actually manufactured in China, despite the fact the manufacturer companies HQs are located in US or Germany. So we actually pay to Chinese businesses for these products, even if we do it indirectly by using full service providers. If the Chinese government decides it wants to stop us from dealing with customers from China, they should release specific instructions banning our EU-registered company from any dealings with China-based businesses and end users. And we will be Okay with it. The same is true for the US.

This will be added to our tokens description. And yes, it is dead-serious statement:

Cryptum Roadmap

IMPORTANT: Cryptum Stage II Changes – from 1.1 million to 150 000 CRTM, mining project cancelled!

Note that this roadmap is now missing few important changes. We are cancelling the mining project (in short, we couldn’t reach the target sales to include it), and we will lower the amount of CRTM sold substantially for the Stage II Sale. Another important change is the Cryptumcoin development. We will be distributing higher amounts of and promote the ICO as coin-centric in Stage II (the tokens will still keep their original features regarding board games and their profits).

It’s nearly impossible to create easily presentable roadmap for the Cryptum projects. We have at least 4 separate timelines, with intersections and we won’t even include smaller projects we work on.

In the board games business a month or two delay is not even considered happening, as most board games are manufactured in China, there are many steps in the quality assurance, and, since they take up quite a lot of volume once packed, games are shipped by a sea transportation to a few major hubs in US, Europe and Australia. All in all – publishing board games is hardly an exact science and, except if someone is in a hurry for the next Essen Spiel of Gen Con, there is rarely a rush. Of course we will try to follow some general timeline and be present at each of the Essen Spiel shows in order to promote our games.

How does “free access” work for our projects?

This is a description of the process of “claiming” free access to board games, Cryptumcoins and shared profits. It’s simple and requires a minimum of data submission through our website. We are sound believers in the privacy of the transactions and we hold to anti-regulation principles, so we will not keep any personal information (excl. emails, as we still need to be able to notify you about upcoming claim or payment deadlines) for longer than we absolutely must. Cryptum tokens are based on the Ethereum blockchain, so they are connected to your Ethereum addresses. You can find more information about how to use ETH, BTC or even USD, EUR and other currencies to buy CRTM and information about their wallet requirements in the this manual.

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