Tuesday, May 13, 2014

Galt.io Update - less than 24 hours to beta

In this Update:
1. Start Inviting New Members - Build Your Army!
2. Last Day to Setup Your Profile before the Gun Goes Off!
3. Updated Entry Schedule

1. Start Inviting New Members - Build Your Army!
You can now start inviting new members even before Causes start being built. If you have already set up your profile, you can login and start sending invites to New Members. Each New Member that joins gets 250 Galtcoins to get started and has access to the network on Friday May 16 (see schedule below). You will be charged -25 Galtcoins to send the invite but you will receive +50 Galtcoins if it’s accepted. This is a great way to earn Galtcoins while building your army before the network is open and gives you a leg up on other members.

Here’s how it works:
  1. Go to Galt.io ( https://www.galt.io )
  2. Enter your email address and password to sign in, click the Get Started button.
  3. On your profile, look for the Invites area under your Name/Avatar.
  4. Click the red Invite New Member (-25) button.
  5. Enter the email address of the person you want to invite.
  6. Click the red Invite button.
  7. You will get a confirmation of the invite you created with instructions on how to notify the New Member.
  8. Tell the person you invited to go to https://www.galt.io/invite (or send an email, text or singing telegram)
  9. To invite another New Member click the red Create Another Invite button -or-
  10. Click Return to Profile to view the progress of your invites and debits/credits to your Galtcoin Balance under Transactions.
2. Last Day to Setup Your Profile before the Gun Goes Off!
Starting tomorrow (Wednesday, May 14) at Noon, the first Members will be in and building Causes. If you have not gone through the Member Initiation to set up your profile, remember, you will have to do that before you can start playing. ( https://www.galt.io )

3. Updated Entry Schedule
Group 1 - 100,000+ GS Balance
Date: Wednesday, May 14, 2014 | Time: Noon (CDT)

Group 2 - 25,000 - 99,999 GS Balance
Date: Wednesday, May 14, 2014 | Time: 4:00pm (CDT)

Group 3 - 10,000 - 24,999 GS Balance
Date: Wednesday, May 14, 2014 | Time: 8:00pm (CDT)

Group 4 - 5,000 - 9,999 GS Balance
Date: Thursday, May 15, 2014 | Time: Noon (CDT)

Group 5 - 2,500 - 4,999 GS Balance
Date: Thursday, May 15, 2014 | Time: 4:00pm (CDT)

Group 6 - 600 - 2,499 GS Balance
Date: Thursday, May 15, 2014 | Time: 8:00pm (CDT)

Group 7 - 0 - 599 GS Balance
Date: Friday, May 16, 2014 | Time: Noon (CDT)

4 comments:

  1. As a rookie to Galt & the Market... I'm not getting the concept. I thought the "causes" were going to DO something. Like raise money to buy a TV ad on NPR for gun rights. When you raised the target galt coins, you redeem them for cash buy the ad and run it. Mission accomplished. I thought the cause would have a specific action and an end once accomplished. Instead these are open ended, vague, principles. It is just a popularity contest. When does anything get done?

    ReplyDelete
  2. Thanks for the input. We are implementing several ways to create action. However, please know the Galtcoin is a unit of exchange within Galt.io - not currency. Therefore, the example you give of converting Galtcoin redemption for cash is not in the immediate future.

    ReplyDelete
  3. The concepts are confusing. I am a founding contributor. You have to pay to have a cause in addition to sign up fees? You are charge 25 coins for inviting someone to join?
    Galt coins seems to be a drag on this whole concept. confusing and negative.

    ReplyDelete
  4. Thanks for sharing your thoughts. Despite these difficult to understand concepts, thousands of people are active within the system already. Perhaps you should do what they did: get in a try it.

    There's also dozens of FAQs available here: http://support.galt.io/support/solutions/folders/1000139074

    Your specific questions may be addressed there.

    ReplyDelete