Topic: [ANN] NeosCoin [NEOS] - with Arbitrush, Multi-Algo, In-wallet trading & More - page 55. (Read 94554 times)
August 20, 2014, 01:27:58 AM
THE MOST interesting feature is ARBITRUSH!!!!
August 20, 2014, 01:26:29 AM
well considering this post from bittrex-richiela he supports the dev and he obviously is aware of the work he has done for the other coins. i haven't seen bittrex do this for any coin. this alone gets my seal of approval. also their features have alot to offer. they are capturing their audience by giving them a better experience to trade from their wallets so other features are on their way.
one feature i would like to see is a bot trader. something like quatloo trader. im currently using that one but if i were to use this having that would be awesome. atleast guys with this ICO the dev is well known and has actually produced something rather than on promise. i am in
also there is little talk of their anon which they have built ground up. can't wait to use the coin
+1 one feature i would like to see is a bot trader. something like quatloo trader. im currently using that one but if i were to use this having that would be awesome. atleast guys with this ICO the dev is well known and has actually produced something rather than on promise. i am in
FWIW, syntaks is a stand up fellow, and has been helping a lot of coins behind the scenes for a very long time. I do not believe he's trying to scam or anything of the sort. As such, we will be making an exception and provide the ICO hosting with no up front fee. This should help ease everyone's mind on investing.
We are working out the terms as well as the tiered pricing for the ICO. Please stay tuned to the ANN for more coming details.
Thanks,
richie
*all views expressed here are my own and not that of bittrex*
nWe are working out the terms as well as the tiered pricing for the ICO. Please stay tuned to the ANN for more coming details.
Thanks,
richie
*all views expressed here are my own and not that of bittrex*
also there is little talk of their anon which they have built ground up. can't wait to use the coin
August 20, 2014, 01:23:28 AM
well considering this post from bittrex-richiela he supports the dev and he obviously is aware of the work he has done for the other coins. i haven't seen bittrex do this for any coin. this alone gets my seal of approval. also their features have alot to offer. they are capturing their audience by giving them a better experience to trade from their wallets so other features are on their way.
one feature i would like to see is a bot trader. something like quatloo trader. im currently using that one but if i were to use this having that would be awesome. atleast guys with this ICO the dev is well known and has actually produced something rather than on promise. i am in
also there is little talk of their anon which they have built ground up. can't wait to use the coin
one feature i would like to see is a bot trader. something like quatloo trader. im currently using that one but if i were to use this having that would be awesome. atleast guys with this ICO the dev is well known and has actually produced something rather than on promise. i am in
FWIW, syntaks is a stand up fellow, and has been helping a lot of coins behind the scenes for a very long time. I do not believe he's trying to scam or anything of the sort. As such, we will be making an exception and provide the ICO hosting with no up front fee. This should help ease everyone's mind on investing.
We are working out the terms as well as the tiered pricing for the ICO. Please stay tuned to the ANN for more coming details.
Thanks,
richie
*all views expressed here are my own and not that of bittrex*
nWe are working out the terms as well as the tiered pricing for the ICO. Please stay tuned to the ANN for more coming details.
Thanks,
richie
*all views expressed here are my own and not that of bittrex*
also there is little talk of their anon which they have built ground up. can't wait to use the coin
August 20, 2014, 01:22:38 AM
Dev is already active. +1
the dev of diligence!!and i am in 
August 20, 2014, 12:45:05 AM
It's definitely not a matter of us thinking we can overcome historical patterns just because we believe in ourselves and this project, it's more along the lines of trying to find a happy medium in a fair sense. At this point I think it would be best to re-evaluate the market after it's actually live instead of speculating the potential worst-case scenario just in the interest of not jumping before we know what we're dealing with.
Best regards,
syntaks
That is fine. I am still invested. Just think about what I said.
Absolutely. We've got our eyes on everything and take everything into consideration. If we didn't care about what the community felt, we wouldn't even ask. =) Thanks a lot for your support and we'll do our best for you.
Sincerely,
syntaks
August 20, 2014, 12:40:13 AM
It's definitely not a matter of us thinking we can overcome historical patterns just because we believe in ourselves and this project, it's more along the lines of trying to find a happy medium in a fair sense. At this point I think it would be best to re-evaluate the market after it's actually live instead of speculating the potential worst-case scenario just in the interest of not jumping before we know what we're dealing with.
Best regards,
syntaks
That is fine. I am still invested. Just think about what I said.
August 20, 2014, 12:29:36 AM
I'm kind of scared to get dumped on by big farm. What will you do to help ico investors?
Is there anyway that you can reduce the block reward?
Is there anyway that you can reduce the block reward?
if it happens, just buy cheap it will go back up. but hey it might be a good idea
What do the dev think about this, maybe it's a good idea?
Clstr reduced theirs from 30 to 3. I really think you guys should look into this. We're tired of getting dumped on by big farms...
This is definitely a valid concern/question in a typical situation but the circumstances here should shed some light on the security of the overall market value:
There's a maximum potential of 14,400 coins mined per 24 hours. There are 5 minutes between new blocks. 24 hours * 60 minutes / 5 is 288 blocks per day * 50 (the block reward). The diff adjustment applying to each block in the fashion that it does accordingly (25% up or down) help keep things on an even level. The scarcity of NEOS combined with it's usefulness, I don't foresee it being something that is dumped too carelessly for a quick return or even wave trading.
Hopefully that helps set your minds at ease some but if not please feel free to voice your concerns even with that being said.
A good rule to go by is that EVERY coin is subject to people seeking quick returns and wave trading. There is no exception. So assume that a large majority of that 14400 will be dumped. Lets also say that NEOS reaches a 1 million dollar market cap (which I believe it will, great proven devs, great features). With bitcoin at $500 that puts the 14400 mined per day at a value of 28.8 BTCish. That is a LOT of buy support needed even if only 70% was dumped. I would suggest lowering the rewards significantly.
I agree with you there and your figures make sense. I've already sent out a message concerning the lowering of the block reward and I'll keep everyone posted.
Regards,
syntaks
Well it turns out everyone's wheels were still in motion and we had a chat and this is our response with regard to modification of the block reward:
After discussion, we felt it wouldn't be fair overall. If we were to lower the block rewards at this stage, it would increase the value of the ICO coins but everyone following the ICO would suffer. We're not here for a quick buck or to be the brightest flash in the pan and with consideration of the future stability and value of Neos it just doesn't make sense to lower it. We truly feel that Neos could sustain the necessary buy support to uphold a respectable value.
Best regards,
The Neos Team
Lowering the block reward actually helps people that chose to hold a coin because of their belief in it. It also hurts post ICO buyers MORE to not lower the block reward here is why:
Once your coin is launched it will pump if there is any interest in it at all and your post ICO buyers are the ones who end up with these coins. Once the volume dies down and people move to the next "in" coin you are left with people who believe in the coin. These are the people who will see the 14400 dumped every day. A pump/high volume period can EASILY sustain a 28 BTC dump from miners. A dry period cant, and the price will drop until the value of that 14400 is low enough for interested people to sustain. I can't tell you what that # will be but it is less that 5 BTC. So your post ICO supporters are left with a coin that is likely 1/5th the price they bought at weeks ago. Your ICO holders are still in profit.
I understand you believe in yourselves and your coin, but you also have to understand trader/miner mentality. Believing that your coin is the exception to these forces only hurts the people that believe in your coin.
It's definitely not a matter of us thinking we can overcome historical patterns just because we believe in ourselves and this project, it's more along the lines of trying to find a happy medium in a fair sense. At this point I think it would be best to re-evaluate the market after it's actually live instead of speculating the potential worst-case scenario just in the interest of not jumping before we know what we're dealing with.
Best regards,
syntaks
August 20, 2014, 12:25:30 AM
lookin promising. im IN.
Welcome to the community and thank you for your support!
Regards,
syntaks
August 20, 2014, 12:25:09 AM
I'm kind of scared to get dumped on by big farm. What will you do to help ico investors?
Is there anyway that you can reduce the block reward?
Is there anyway that you can reduce the block reward?
if it happens, just buy cheap it will go back up. but hey it might be a good idea
What do the dev think about this, maybe it's a good idea?
Clstr reduced theirs from 30 to 3. I really think you guys should look into this. We're tired of getting dumped on by big farms...
This is definitely a valid concern/question in a typical situation but the circumstances here should shed some light on the security of the overall market value:
There's a maximum potential of 14,400 coins mined per 24 hours. There are 5 minutes between new blocks. 24 hours * 60 minutes / 5 is 288 blocks per day * 50 (the block reward). The diff adjustment applying to each block in the fashion that it does accordingly (25% up or down) help keep things on an even level. The scarcity of NEOS combined with it's usefulness, I don't foresee it being something that is dumped too carelessly for a quick return or even wave trading.
Hopefully that helps set your minds at ease some but if not please feel free to voice your concerns even with that being said.
A good rule to go by is that EVERY coin is subject to people seeking quick returns and wave trading. There is no exception. So assume that a large majority of that 14400 will be dumped. Lets also say that NEOS reaches a 1 million dollar market cap (which I believe it will, great proven devs, great features). With bitcoin at $500 that puts the 14400 mined per day at a value of 28.8 BTCish. That is a LOT of buy support needed even if only 70% was dumped. I would suggest lowering the rewards significantly.
I agree with you there and your figures make sense. I've already sent out a message concerning the lowering of the block reward and I'll keep everyone posted.
Regards,
syntaks
Well it turns out everyone's wheels were still in motion and we had a chat and this is our response with regard to modification of the block reward:
After discussion, we felt it wouldn't be fair overall. If we were to lower the block rewards at this stage, it would increase the value of the ICO coins but everyone following the ICO would suffer. We're not here for a quick buck or to be the brightest flash in the pan and with consideration of the future stability and value of Neos it just doesn't make sense to lower it. We truly feel that Neos could sustain the necessary buy support to uphold a respectable value.
Best regards,
The Neos Team
Lowering the block reward actually helps people that chose to hold a coin because of their belief in it. It also hurts post ICO buyers MORE to not lower the block reward here is why:
Once your coin is launched it will pump if there is any interest in it at all and your post ICO buyers are the ones who end up with these coins. Once the volume dies down and people move to the next "in" coin you are left with people who believe in the coin. These are the people who will see the 14400 dumped every day. A pump/high volume period can EASILY sustain a 28 BTC dump from miners. A dry period cant, and the price will drop until the value of that 14400 is low enough for interested people to sustain. I can't tell you what that # will be but it is less that 5 BTC. So your post ICO supporters are left with a coin that is likely 1/5th the price they bought at weeks ago. Your ICO holders are still in profit.
I understand you believe in yourselves and your coin, but you also have to understand trader/miner mentality. Believing that your coin is the exception to these forces only hurts the people that believe in your coin.
August 20, 2014, 12:24:18 AM
lookin promising. im IN.
August 20, 2014, 12:21:40 AM
I just saw your ICO on Bittrex, read through your ANN post, went back to Bittrex and bought some NEOS 
I was a little undecided about the block reward too but I figured with so many cool things going on in your project, there'd be enough compensation. Really looking forward to this one, can't wait for the launch 
Watching. Good luck!
I was a little undecided about the block reward too but I figured with so many cool things going on in your project, there'd be enough compensation. Really looking forward to this one, can't wait for the launch Watching. Good luck!Thanks a lot for your support and confidence! =) If you have any requests or questions feel free please.
Best regards,
syntaks
August 20, 2014, 12:17:25 AM
I just saw your ICO on Bittrex, read through your ANN post, went back to Bittrex and bought some NEOS I was a little undecided about the block reward too but I figured with so many cool things going on in your project, there'd be enough compensation. Really looking forward to this one, can't wait for the launch Watching. Good luck!
I was a little undecided about the block reward too but I figured with so many cool things going on in your project, there'd be enough compensation. Really looking forward to this one, can't wait for the launch Watching. Good luck! August 19, 2014, 11:54:30 PM
I'm kind of scared to get dumped on by big farm. What will you do to help ico investors?
Is there anyway that you can reduce the block reward?
Is there anyway that you can reduce the block reward?
if it happens, just buy cheap it will go back up. but hey it might be a good idea
What do the dev think about this, maybe it's a good idea?
Clstr reduced theirs from 30 to 3. I really think you guys should look into this. We're tired of getting dumped on by big farms...
This is definitely a valid concern/question in a typical situation but the circumstances here should shed some light on the security of the overall market value:
There's a maximum potential of 14,400 coins mined per 24 hours. There are 5 minutes between new blocks. 24 hours * 60 minutes / 5 is 288 blocks per day * 50 (the block reward). The diff adjustment applying to each block in the fashion that it does accordingly (25% up or down) help keep things on an even level. The scarcity of NEOS combined with it's usefulness, I don't foresee it being something that is dumped too carelessly for a quick return or even wave trading.
Hopefully that helps set your minds at ease some but if not please feel free to voice your concerns even with that being said.
A good rule to go by is that EVERY coin is subject to people seeking quick returns and wave trading. There is no exception. So assume that a large majority of that 14400 will be dumped. Lets also say that NEOS reaches a 1 million dollar market cap (which I believe it will, great proven devs, great features). With bitcoin at $500 that puts the 14400 mined per day at a value of 28.8 BTCish. That is a LOT of buy support needed even if only 70% was dumped. I would suggest lowering the rewards significantly.
I agree with you there and your figures make sense. I've already sent out a message concerning the lowering of the block reward and I'll keep everyone posted.
Regards,
syntaks
Well it turns out everyone's wheels were still in motion and we had a chat and this is our response with regard to modification of the block reward:
After discussion, we felt it wouldn't be fair overall. If we were to lower the block rewards at this stage, it would increase the value of the ICO coins but everyone following the ICO would suffer. We're not here for a quick buck or to be the brightest flash in the pan and with consideration of the future stability and value of Neos it just doesn't make sense to lower it. We truly feel that Neos could sustain the necessary buy support to uphold a respectable value.
Best regards,
The Neos Team
August 19, 2014, 11:50:50 PM
If the ICO sold out in the next few days, can you launch right away ?
Hey MsCollec,
This was asked earlier in the thread and at the time I answered we weren't completely siding with an early launch or sticking to the original launch date. After some discussion we think it would benefit everyone best if we stuck to our original plan to ensure development both existing and planned was smooth and not rushed.
Regards,
syntaks
Thanks for your quick response and good luck.
My pleasure and thanks for the wishes! =)
August 19, 2014, 11:37:21 PM
If the ICO sold out in the next few days, can you launch right away ?
Hey MsCollec,
This was asked earlier in the thread and at the time I answered we weren't completely siding with an early launch or sticking to the original launch date. After some discussion we think it would benefit everyone best if we stuck to our original plan to ensure development both existing and planned was smooth and not rushed.
Regards,
syntaks
August 19, 2014, 11:33:04 PM
I'm kind of scared to get dumped on by big farm. What will you do to help ico investors?
Is there anyway that you can reduce the block reward?
Is there anyway that you can reduce the block reward?
if it happens, just buy cheap it will go back up. but hey it might be a good idea
What do the dev think about this, maybe it's a good idea?
Clstr reduced theirs from 30 to 3. I really think you guys should look into this. We're tired of getting dumped on by big farms...
This is definitely a valid concern/question in a typical situation but the circumstances here should shed some light on the security of the overall market value:
There's a maximum potential of 14,400 coins mined per 24 hours. There are 5 minutes between new blocks. 24 hours * 60 minutes / 5 is 288 blocks per day * 50 (the block reward). The diff adjustment applying to each block in the fashion that it does accordingly (25% up or down) help keep things on an even level. The scarcity of NEOS combined with it's usefulness, I don't foresee it being something that is dumped too carelessly for a quick return or even wave trading.
Hopefully that helps set your minds at ease some but if not please feel free to voice your concerns even with that being said.
A good rule to go by is that EVERY coin is subject to people seeking quick returns and wave trading. There is no exception. So assume that a large majority of that 14400 will be dumped. Lets also say that NEOS reaches a 1 million dollar market cap (which I believe it will, great proven devs, great features). With bitcoin at $500 that puts the 14400 mined per day at a value of 28.8 BTCish. That is a LOT of buy support needed even if only 70% was dumped. I would suggest lowering the rewards significantly.
I agree with you there and your figures make sense. I've already sent out a message concerning the lowering of the block reward and I'll keep everyone posted.
Regards,
syntaks
August 19, 2014, 11:30:40 PM
Dev is already active. +1
August 19, 2014, 11:29:16 PM
I'm kind of scared to get dumped on by big farm. What will you do to help ico investors?
Is there anyway that you can reduce the block reward?
Is there anyway that you can reduce the block reward?
if it happens, just buy cheap it will go back up. but hey it might be a good idea
What do the dev think about this, maybe it's a good idea?
Clstr reduced theirs from 30 to 3. I really think you guys should look into this. We're tired of getting dumped on by big farms...
This is definitely a valid concern/question in a typical situation but the circumstances here should shed some light on the security of the overall market value:
There's a maximum potential of 14,400 coins mined per 24 hours. There are 5 minutes between new blocks. 24 hours * 60 minutes / 5 is 288 blocks per day * 50 (the block reward). The diff adjustment applying to each block in the fashion that it does accordingly (25% up or down) help keep things on an even level. The scarcity of NEOS combined with it's usefulness, I don't foresee it being something that is dumped too carelessly for a quick return or even wave trading.
Hopefully that helps set your minds at ease some but if not please feel free to voice your concerns even with that being said.
A good rule to go by is that EVERY coin is subject to people seeking quick returns and wave trading. There is no exception. So assume that a large majority of that 14400 will be dumped. Lets also say that NEOS reaches a 1 million dollar market cap (which I believe it will, great proven devs, great features). With bitcoin at $500 that puts the 14400 mined per day at a value of 28.8 BTCish. That is a LOT of buy support needed even if only 70% was dumped. I would suggest lowering the rewards significantly.
August 19, 2014, 11:28:57 PM
I'm kind of scared to get dumped on by big farm. What will you do to help ico investors?
Is there anyway that you can reduce the block reward?
Is there anyway that you can reduce the block reward?
if it happens, just buy cheap it will go back up. but hey it might be a good idea
What do the dev think about this, maybe it's a good idea?
Clstr reduced theirs from 30 to 3. I really think you guys should look into this. We're tired of getting dumped on by big farms...
This is definitely a valid concern/question in a typical situation but the circumstances here should shed some light on the security of the overall market value:
There's a maximum potential of 14,400 coins mined per 24 hours. There are 5 minutes between new blocks. 24 hours * 60 minutes / 5 is 288 blocks per day * 50 (the block reward). The diff adjustment applying to each block in the fashion that it does accordingly (25% up or down) help keep things on an even level. The scarcity of NEOS combined with it's usefulness, I don't foresee it being something that is dumped too carelessly for a quick return or even wave trading.
Hopefully that helps set your minds at ease some but if not please feel free to voice your concerns even with that being said.
Considering the amount of hash/asics that will get thrown at this by people just dying to use their old mining equipment it would be in the best interest of both investors and mining scarcity to drop reward per block to 30 or 25 with your current 25% diff model. I know you aren't new to crypto but asics cost nothing to run practically and they will dump on our faces all day everyday, most miners don't give 2 shits about the coins they are mining especially big farms and dump the moment they can transfer their coins. The bottom line is, investors look for long lasting value and miners look to dump coins on the foundation that investors build. I'd lower reward as low as possible because no matter what people will mine it especially if it scares other miners off the ones that keep the network healthy will reap the rewards of less competition.
edit: coins per block range anywhere from 14-28 is perfect range really.
Well if that's how you guys feel, then I'll discuss it with everyone and let you know what the result is. I'm the only one awake right now as the other guys were up really late last night and had work today but when we talk this will be priority #1.
Regards,
syntaks
August 19, 2014, 11:26:37 PM
I vote for it being 25.
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