Topic: [ANN] CrashCoin [CRASH] (Read 123 times)

We announce Round 3, THE FINAL ROUND, selling a 55% of the Max supply.

Date: Feb 03 2022 19:00:00 GMT (Time zones)

In this occasion the CRASH token will be sold in exchange for BUSD, so the first step is to set up BUSD allowance for the sell contract 0x37C1778...B2F71baC, we have a button that will help you do that; you could also do it yourself with any other third party dapp if you feel more secure this way, interacting with the BUSD contract.

We announce Round 2, selling a 3% of the total supply.

Date: Dec 07 2021 19:00:00 GMT (Time zones)

This is the Info/Buy Page that will help you do a valid transaction.
If you don't want to trust the page, this is what it does, so you could do it "manually": Makes sure you are connected to the Binance Smart Chain, connects to the sell contract '0x41155f5791b30c4C2c30aB3B932a22414DEBD9C8' to see start date, available tokens, rate and max purchase; Limits the purchase to the available or max purchase amount in BNB. When the sale starts and you click Buy, creates a transaction (that has to be confirmed with metamask) sending the BNB to the contract with a gas limit of 200000 (usually half is used).

PD: Round 1, Finished in 5 minutes, so be on time.

CrashCoin Initial sell Round 1 announcement.

Round one starts 1 of December at 00:00 GTM (check your time zone), this is a “taste of waters” where 1% of the total supply will be sold for 40$ aprox., the token is unlocked, the moment you buy it you can spend it.
We made a simple info page that connects to the live sell contract ( “0x41155f5791b30c4C2c30aB3B932a22414DEBD9C8”, which is not the token contract), and helps you create a valid transaction.
But you don’t necessarily have to use that page (or just use it to get info). You could also manually buy CRASH, sending BNB to the initial sell contract, on the Binance smart chain, at the right time (increase gas limit to 200000).
We do recommend to at least check the crashcoin.info/initial_sell.html, it will help you avoid errors.

Sorry, we can contact you only via email or telegram.

Hi, thanks.

We have created two official communication channels, twitter.com/CrashCoin_Team and  discord.gg/uAAa5XbzFy
These two channels also have private messaging, so you can contact there.

I like your idea! The next crash will inevitably happen sooner or later and then regularly.
kindly inform what’s your team email? (you can PM me)

The Need
There is no cryptocurrency that consistently goes against the crypto market.
Since the start of cryptocurrencies there have been market cycles, and yet when the "Crypto Winter" comes there is no good solution, you can only hold your loses or sell and confirm them, and even if you sold before, this market situation can last for 1 or 2 years.
The only current alternative against the crypto market is "selling options" in a derivative market (Shorting), but the crypto market has went up in value on every cycle, and since when selling options you have limited gains and unlimited losses, it is a very bad idea. Like shorting Gamestop in early 2021, but worse. Also so called "Tokens" like BTCDOWN are not "real" tokens exchangeable in the free market, they are comparable to traditional derivatives.
When the crypto market crashes, investors are converting tokens into fiat or fiat pegged tokens, to hold or invest them elsewhere for profit. In seeking for an asset that could produce more benefits than holding Fiat, an optimal solution would be an asset made for this specific situation, in the shortest path to any asset, a token at the same exchange.

Characteristics
CrashCoin is conceived to be as simple as possible, without in-token fees, and with a stable circulating supply (not accounting for own tokens burn) after the initial sell has ended.
Trying to "change" the market price comes with a set of problems, and might lead to undesired results, economics can be seen as an "inexact science", therefore any market intended change, should be concise, transparent, and directly to the supply and demand. The first step is to standardize what is conceived to be a crash, using an up to date "crashmeter" formula as a reference, subject to changes from contributions and improvements, upon 60 days notice.
Also the CrashCoin Team focus should be social, the Team should clearly communicate what CrashCoin is intended for and promote it in cycles of Marketing and Anti-Marketing, and letting the market do its job.
To decide at which moment in the cycle we are, this is the version 1 long term cycle formula (L1): max[1-P/max[A1,A2,A3,...,A365],0]>=0.5 , where P is the actual cryptocurrency price/index reference, A is a two day average for n days; the result will be from 0 to 1 considering over 0.5 a crash. As with the formula, the input data is subject to changes, here is an example with Bitcoin in logarithmic scale, where the reddish implicates a crash.
https://i.imgur.com/RTJyZ5a.png
After the crash ends, the expectation is that the value of CrashCoin would decrease, but the long term goal is that the value of CrashCoin increases overtime as it proves its use and becomes more interesting to a bigger audience, just like other successful crypto’s have done, with the peculiarity that it would do it in reversed cycles.
It is also proposed to standardize a very short term crash, more simple and easy to check, the S1 formula: a -10% in 24h with the index used in L1. In the last 8 years (05/2021) taking as example the BTC price, this has happened 52 times, 6.5 times a year.

What's Next.

https://twitter.com/CrashCoin_Team
https://discord.gg/uAAa5XbzFy