Crypto Market Short Coin weekly update (week #12.2018):
- We've added Cardano (ADA) to the list of coins that you can bet against
- First bets against ADA have already been placed
- Congratulations to "0xffaB154E92600b408C1e30160c72BE8c9a6c3aB3" for the most successful Short Investment so far (gained +44.39% with a bet against Bitcoin Gold!)
Topic: [ANN] Crypto Market Short Coin - Gain when the Crypto Market drops - page 3. (Read 887 times)
March 22, 2018, 06:21:30 PM
March 16, 2018, 02:52:56 AM
wow! great idea! i will look for this project and will try for sure when i will have some extra bucks 
March 16, 2018, 02:49:28 AM
ill be looking to see everything behind this project.hope to see more new info.
March 14, 2018, 06:17:30 PM
We announce the activation of the dynamic supply mechanism based on the current Crypto Marketcap.
From now on the CMSC supply will be updated regularly equivalent to the change of the overall Crypto Marketcap.
Because of the current drop in all Crypto prices 23.861.820 CMSC have been burned!
This is equivalent to an ~25% value increase for all early investors and bounty takers. CONGRATULATIONS!
From now on the CMSC supply will be updated regularly equivalent to the change of the overall Crypto Marketcap.
Because of the current drop in all Crypto prices 23.861.820 CMSC have been burned!
This is equivalent to an ~25% value increase for all early investors and bounty takers. CONGRATULATIONS!
March 06, 2018, 11:19:46 AM
This project looks very interesting. Can you tell me any approx date of your crowdsale?
Our project is already live!You can buy CMSC Tokens directly on our website (incl. bonus) and start betting against other coins.
Exchange listing is targeted for April.
March 05, 2018, 09:01:12 PM
This project looks very interesting. Can you tell me any approx date of your crowdsale?
March 05, 2018, 08:58:08 PM
We just added Verge, Thron and Bitcoin Gold to the coins you can bet against. Follow us for more information.
https://twitter.com/coinmarketshor1/status/970775763158003712
https://twitter.com/coinmarketshor1/status/970775763158003712
March 04, 2018, 07:53:44 PM
Are you planning to add other crypto currencies to bet against?
I would like to bet against thron and bitcoin gold.
I would like to bet against thron and bitcoin gold.
We are adding verge, thron and bitcoin gold next week. They have been elected as the most unpopular cryptocurrencies.
March 04, 2018, 07:49:10 PM
Are you planning to add other crypto currencies to bet against?
I would like to bet against thron and bitcoin gold.
I would like to bet against thron and bitcoin gold.
March 03, 2018, 10:46:01 AM
Introduction
The aim of the Crypto Market Short Coin (CMSC) is to give investors an opportunity to bet against
the coin market and to secure the gains made in the past during a dip or crash. Therefore, we
developed a unique smart contract that dynamically increases or decreases the total supply of coins
depending on the coin market cap.
In addition, the Crypto Market Short Coin Panel (CMSC Panel) allows holders to actively bet their
CMSC against other coins and get rewards, if the market cap of the targeted coin drops.
The Coin
The crypto market short coin is an ERC 20 Token based on Ethereum. The value of the coin will be
determined by the market once the coin will be listed at several exchanges. The aim will be to be
listed on as many exchanges as possible.
Coin Sale via smart contract
Starting supply: 100 Mio coins
Starting price: 1 ETH = 12500 CMSC
Early investors will receive a bonus of 20% (reserved for the first 50 investments of 0.1 ETH or higher)
20% of the coins are reserved for management, maintenance, and marketing activities.
The ICO will be stopped once the coin will be tradeable on one of the major exchanges.
Dynamic coin supply based on coin market cap
The CMSC Smart Contract is designed, that it automatically burns a percentage of its own supply,
while the total market cap of the Crypto market drops. This shortening of supply makes every single
CMSC more valuable and shall lead to an increase in price.
The Crypto market cap (and the total supply of CMSC) will be updated on a regularly base (based on
data from coinmarketcap.com). The adjustment of supply is equivalent to the change of the Crypto
market cap, which means that if the total Crypto market cap goes down by 10%, the CMSC supply in
the contract will also reduced by 10%. Of course an increase on the Crypto market cap will also lead
to an increase of tokens. The current Crypto market cap and total supply are stored in the smart
contract and are always transparent.
This mechanism combined with the trust people put into the system should ensure the coin will
increase value during a dip or crash compared to other coins.
The Betting Mechanism
You can use the CMSC to place bets against specific cryptocurrencies. For the moment we support
Bitcoin Cash, Tron, Ripple, Verge, Bitgoin Gold and Litecoin, but many more will be added in the future.
If your bets are successful you will get rewarded with free CMSC coins, if there are unsuccessful you will
lose coins. All bets are stored and handled within the Blockchain, transparent and secure.
The betting mechanism can already be used.
Free Coins
We are running a promotion to provide some free coins to try our betting mechanism!
Find more info on our website and twitter channel.
Links
Bounty Thread | Website | CMSC Bet Panel | Twitter
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