I truly compare asia coin with e. g. pandacoin (PND) which made it these days to grow 40 times in a week.
Asiacoin has 400.000 USD market cap instantly after relaunch even if many people are cashing out rewards (those who bought really cheap out of exchanges). The effects of dumps (cashing incredible rewards) vs. pumps (people hoping in future growth) are ballanced now.
Asiacoin previous "devs" scammed people and destroyed the coin reputation and the coin itself.
Asiacoin has not working webpage with explorer so its hard to verify anything. Only promise and alpha-version which doesnt mean full operation.
When i open asiacoin webpage at coinmarketcap it opens nothing. Page not found.
Asiacoin was taken over by community - this is OK.
vs.
Pandacoin has marketcap slightly above 500.000 USD, was long time below 10.000 USD in capitulation phase. (40 times growth up to present day) Asiacoin was always above 150k USD. Only coins below 100k USD have enough potential to pay the huge risk by buy-in because 98 of 100 coins never get pumped again really apparently. Relaunch/Repump-coins are not very probable to grow up again by re-pumping more than 10 very rarely 20-100 times (you probably remember mooncoin, kitteh, doge and another few coins which significantly have grown for more than one times).
Pandacoin was never dead, premined or left by developers.
So thats the problem, this coin is expensive for the risk which brings to buyer. I have bought some but i dont believe in it as a value-keeper, im expecting pump and dump or dump if the pump fails (this may happen because so many people selling previously bought coins for bagrain prices).
And the endings - i wish you much successfull work with this coin, but i must admit that you begin with really nice value of the coin which you must now deserve...
Thanks.
There's no denying that the original dev screwed AC up pretty bad, no discussion there, and we have nothing against Pandacoin for say, they even supported AC community by giving everyone free coins (which are now worth some good value indeed), so full credit to them and I think they deserve their increased value. About website, we reached out to coinmarketcap even before we released the wallet and asked to fix our details: info, website, moneysupply, etc. They haven't done it yet but hopefully they will soon. Nothing we can do really about it that we haven't already done. New website is:
http://www.thecoin.asia by the way in case you haven't seen it yet.
I personally think what happened to AC can only add to its value, we experienced the worst possible disaster and came out on top and really what's to fear now? What doesn't kill you makes you stronger and that's clearly the case in situations like this.