Proof of Work has now finished, 791,929 coins were created making N5X a very rare coin.
From now on the only way to create new coins is by Staking them in your wallet.
May sure you all leave your wallets open and unlocked for staking to continue Instead of saying how much GH/S the network has and how many coins are created, you could also tell us about plans, when is the white paper going to be released.
For a coin with such low supply the price is a joke, a good reflection of what this coin is at the moment.
Agree!! Dev we want future plans, ASAP!
There are bigger issues right now. It seems to me most of you have no clue how cryptocoin markets and networks work so let me write it all down to you in understandable
fashion. First of all, the fact you mined some coins mean nothing. Developer could as well opt for 100% premine and sale of all coins for cheap. It is just an initial distribution.
Problems arise when people who have no clue about anything but setting up miners get a lot of coins as it is the case here. If price does not move in positive direction then
all they will do is either dump some coins or hold them. That's not good enough anymore - early cryptocoins could afford such luxury but in current situation no trade volume
means a certain cryptocoin death. Almost all exchanges periodically remove inactive (low trade volume) cryptocoins and just today one of exchanges went for such move.
https://bittrex.com/Newshttps://bitcointalksearch.org/topic/ann-potential-markets-de-listed-from-bittrex-635824Poloniex is also known for having no mercy. So, the situation with N5X is as follows:
1. Due to initially overvalued coins a lot of dumps happened but then they almost stopped.
2. Current sell price for coins is too high when compared to buy price so buyers do not want to invest while huge price spread exists.
3. Network is supported by a mere 1% of coins which means 99% coins are either in exchange cold wallets or offline local wallets - whatever it is, those coins are not staking.
Result is that network is not as secure as it should be, time between staked blocks can go to over 20 minutes and trade volume is going down with every new day. All issues
mentioned above are not because of dev but you. While it is obvious things would change if dev comes up with some kickass news, the question remains will you just wait and
most likely end up with worthless coins not traded on any exchange and possibly non-functioning network (so forget about withdrawing coins from exchange to your local wallet)
or will you continue dumping until balance between buyers and sellers is found. No more dumps, no news = trade volume down even more and in a month it might be game over.
If you don't wanna dump or sell cheaper just because you are hoping your coins might go up in price it means you are highly underestimating a chance for worst case scenario.