I have an honest question.
To an investor in wall street how can i explain in a single powerpoint slide why Blackcoin has bigger Market Cap than Mintcoin, they have same features. Mint was released 10 days before and is hybrid POW/POS, to an outsider they are practicaly the same
Im conducting investing rounds, i now FAST/POS is the future and i need your side of the story, for an possible investment.
Thanks.
1. Mintcoin is pre-mined by the developer. Roughly 3% of the total money supply he gave to himself. The crypto community tends not to like such schemes.
The premined was 1% and is in custody of a Fund, David Latapie runs it- Check.
2. Mintcoin dev launched the coin saying the pre-mined coins would be spent on bounties etc but weeks later he refuses to list what he spent the coins on.
Same answer, the premine is still in power of a NGO Fund, being registred in France. 1%
3. Mintcoin has 20% rate of interest compared with Blackcoin 1% rate of interest. The higher the rate of interest the great the dampening/suppressive effect it has on price as some of those new coins will get dumped on the market.
Well thats an reason for holding long term on Mintcoin (im conducting long 2 years investment rounds on the future of money)
4. Blackcoin has a great developer. He's responded very quickly to any issues that have arisen.
Thats right, also mint great guys.
5. The community has pioneered innovative concepts eg the blackconimultipool, a pool to boost blackcoin price whilst decrease the price of competing alt coins. Encouraging for the future.
Thats something i cannot explain to investor, i will lose them if i try to explain that far complexity that just rebuy coins, and in my perspective ASIC will kill multipools and shitty coins in 3 months. 3 months after first knc Batch
6. Community and trading volume. Mintcoin trading volume is tiny. Very few people are buying and selling it on exchanges which suggests to me a lot of the activity in the mintcoin community is sockpuppets (one person with multiple accounts).
Blackcoin moves a lot, thats true. Mint is more on a low state not much attention on it now.
Besides those are specific reasons. There's lots of general reasons why two clones with identical features (seemingly) have different values. Feathercoin is a clone of Litecoin with 4 times as many coins and it has been out for 9 months and is nowhere near Litecoin's price. Community support is a huge factor in a coins success (see dogecoin for example).
Thanks for your help pal.