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First article about Tokenly published

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• pairmike

  

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  Adam, in the article it stated that you are filling for a series round. Is that correct? Also, will LTBholders be able to participate in the funding?

  Posted on July 12, 2015 at 9:37 PM
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• adam

  

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  @pairmike Adam, in the article it stated that you are filling for a series round. Is that correct? Also, will LTBholders be able to participate in the funding?

  We're getting ready to start taking appointments, to this point I'm just doing prep work and really have been focused on having the complete ecosystem working with our products and real customers demonstrating their use before I wanted to ask for money. We looked at a ton of options and felt like the best one to go with for this first fundraising would be private accredited investors / VCs who "get" the big picture of what we see in the future with tokens.

  So in this first event it's very unlikely you'll be able to participate unless you're an accredited investor but if you want to talk about your particular situation you can email me [email protected]

  Posted on July 13, 2015 at 6:15 AM
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• pairmike

  

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  Thanks for the update. No, I'm not an accredited investor, I will not be able to participate. However, will the funding received be tied to LTBCoin or are they separate?

  Also, would you be willing to do an interview(s) to describe various aspects of the funding process? It could be a show called the 'The Startup'. Let me know what you think?

  Posted on July 13, 2015 at 7:55 AM
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• adam

  

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  @pairmike Thanks for the update. No, I'm not an accredited investor, I will not be able to participate. However, will the funding received be tied to LTBCoin or are they separate?

  Also, would you be willing to do an interview(s) to describe various aspects of the funding process? It could be a show called the 'The Startup'. Let me know what you think?

  I've been really interested in doing a show called Token Startup that would basically do what you're proposing here but just haven't had the bandwidth to really devote to it.

  Basically we can't attach any sort of anything that looks like equity or interest to a token without causing a lot of problems - equity is being done entirely separately from tokens although we hope to have more options for future fundraising.

  We are offering already (haven't announced it yet) a TOKENLY token but it is a gift certificate not a token that should gain value over time. We do accept LTBCOIN for this as the best possible price. TOKENLY also is an access token for four or five private forums.

  In the future we hope to add more abilities to the token but no plans are on the roadmap until we can afford enough lawyer time to make it work legally.

  Posted on July 13, 2015 at 8:18 AM
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• pairmike

  

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  If I produced a startup show, would you and your team be available for interviews?

  Also, where is the swap bot for Tokenlys? What is the LTB per Tokenly amount?

  Posted on July 13, 2015 at 11:56 AM
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• adam

  

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  @pairmike If I produced a startup show, would you and your team be available for interviews?

  Also, where is the swap bot for Tokenlys? What is the LTB per Tokenly amount?

  I've actually been working on something like this with a community member playing the role you describe and despite more than 4 recording sessions I have yet to produce something I feel is worth releasing.

  If you want to give it a try I'd make myself available, I actually have a "lets talk about the tokenly stack" episode we recorded back in February and that I never felt was appropriate to release (It was when I did several tokenly things on LTB)

  Here is the swapbot, LTB has a lower minimum (one TOKENLY instead of two when you buy it with BTC) and is about a dollar cheaper. If you use a TOKENLY to rent a swapbot it has an effective $7 value because thats the price people pay for it in BTC.

  http://swapbot.tokenly.com/public/adam/8baabb48-8250-4184-8342-e540244bda5b#/place

  Posted on July 13, 2015 at 12:40 PM
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