That's correct everyone. I've updated the original post:
THE ICO has sold out!! Thank you for your support! Due to community feedback, we have requested Bittrex to open trading at 11am PST. NOTE: the wallet will not be delivered until the original date of 9/14, but we are striving to deliver earlier as previously stated. Please note: You will not be able to withdraw.
Thanks again everyone! I need sleep like the desert needs rain lol.
Sincerely,
syntaks
I'm disappointed you've decided to do this. I'd hoped it might be something other than a pump&dump coin, but this will be under ipo prices by midnight PST.
A shame, really. This coin will have a very hard time of it once it actually does launch with a trail of price downtrends behind it.
IMO, you couldn't be more wrong.
The price will be at the VERY min 5x the IPO price. Many people missed out and see this coin going places, they will have no problem paying 50000 sats as it looks as if it will be 150 to 200 in the near future.
Simple supply and demand.
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One thing that could cause this not to be true is this:
I still wish the devs would revisit the many requests by the community to lower the block rewards to protect the coin.
Even down to 35 or 30, a drop will only be helpful.
I know the devs are more experienced than I am at this, I have a ton of respect for them, I just hope they are right if they don't lower it, because there is a lot at stake now considering the status this coin has reached.
One thing I just think is for sure, once the coins are mined, the miners will constantly and aggressively under cut each other over and over again trying to dump before the next guy. Very few miners hold. Simply because is you are miner and you were to hold all your coins and not dump ASAP, you would lose overall.
If miners dump ASAP across the board, with all coins, and just follow this system, and not try to call which coins will do well, this is by far the best way for miners to make profits overall.
This is how they operate, and overall the ones that operate this way make the most profit. I don't see them deviating from their normal MO and making an exception for Neoscoin, as they stay away from speculating on future value and because in their business those who dump the fastest win 19 out of 20 times. They don't try to guess which coins will do well or not, they DUMP and SOON as they can, and in their business, they really should if they are smart.
Just my take on the issue.