Topic: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official - page 145. (Read 196191 times)

"None of them have the computer science background needed to create
a 'Neu' form of cryptocash that can handle the 1000s of transactions
per second NeubCoin aspires to support." iCEBREAKER 

The real "neu coin" is NEM 

That is really funny!

1. Since when rich people don't want more money? ;-)

2. And if they don't want the money, what will they do with this:
"- 0.2 billion retained by founders for $1 million of work invested
- 0.1 billion sold to initial seed investors for $250,000
- 0.2 billion sold to strategic angel investors for $1 million cash invested"

3. And this:
"- 2.4 billion held by the three non-profit foundations: 0.4 billion - Code foundation / 1.0 billion - Growth foundation / 1.0 billion - Utility foundation"


4. Almost forgot the 3,3333% of the Coins to sell to the communitiy:
0.1 billion to be sold in presale to crypto-community


What do you think will they do with all the money? Donate it? What will they do with all the "Neucoins"? Hold it to infinity?


There are just two possible scenarios:

1. They do it for the money
2. They will be and want to be a central bank

And they could want both! Why do we need Central-banks in Crypto? This will turn out as a Scam or as a centralized project (or both) with all the power in the hands of just a few people. And everybody who invests in it needs to trust them. And sorry, but I don't believe in "non-profit-organisations"... it sounds like a joke and I would feel like an idiot if I would believe that and give them some of my money. ;-)

Plus: If it should be true, that they just have honest plans, they would have to prove it over time.... over years. But there will always be doubts, because nobody will ever know it. At the same time there are some really great projects out there without this extreme wealth- and power-centralization.  The downfall is already implemented. I will watch it like I watch/ed Paycoin.

Hello there! On a related subject, we thought you might find this comment (see below) from one of our forum members interesting.
It was posted this morning, please feel free to come and join the conversation: http://forum.neucoin.org/t/love-question-d/136/6

"There are rich people involved, they don't really need our money. They're doing it for a good cause, good investment, and fame. You think they'd run their names through the dirt to steal from people when they already have money? Have you read through the wiki? The amount of time put into it is enormous. They've also promised to repay us should the coin not launch which I'm assuming would be due to DEV's dying in a plane crash or the US illegalizing all crypto markets. But if you've read through the wiki then you know that they won't have trouble selling in their pre-sale unless they release it at an unexpectedly high cost. The public word of a rich man with a clean slate is worth more than that of most exchanges these days. You're free to go elsewhere but I'm not missing this boat."

they are scammer or what??
i don't know this guys..

who they are??

Mmm, all the information around the coin reminds me on Bitswift and good old BobSurplus and the Salamander.

I wouldn't be surprised if they are behind this coin, hello Bob!

thank you anticlimax!!!

now i understand the distribution schema!!!

and i agree who 79,99999% of the coin in the hands of few guyz it is not so good!!!

They can exit at any value and profit, which they will if the project is a scam or fails.
Otherwise,  They will use their large market share to manipulate the price in any direction they please.

It's just highly risky investing in a crypto currency that is distributed in such an uneven fashion.
Their roadmap looks rather juvenile for such an expensive ico, doesn't have much substinance.

I wouldn't hold longterm.

As a long-term concept this looks like it preys on the stupid using those scam "auctions" like Quibids.

There may be a short-term investment play here, though.

Hi everyone, this is Johan, another one of the NeuCoin Project’s founders.

Below is a related question/answer from our forum (http://forum.neucoin.org) that we hope will add to the discussion here. (please visit our forum for lots more questions and answers).

Here's the question that was asked:
“What makes neucoin any different to paycoin. I'm starting to hear a lot of negatives. I have BTC to invest sandrine but I'm getting cold feet. How do any of us know that these angel investors and advisors are genuine? It's just on your say so? This crypto world is full of mistrust and greedy people. I don't wish to offend you with my scepticism but $2.25m is small change to these guys. It is an impressive list but I guess we all need to know what is so different and better about neucoin sooner rather than later.”

Here's our answer:
Sorry that you're hearing negative things and thanks for bringing it up. Let’s hope I can clarify a few things:

If you read our wiki, it’s probably the most transparent and extensive ever published by a cryptocurrency startup in terms of details on the team and their backgrounds, disclosing investors, strategy, plan, economic model and governance structure. The fact that some people suggest that we would be making up fake investors probably says more about how shadowy some parts of the crypto world are than it does about us. While our investors are of a caliber not commonly associated with the crypto space, they are certainly real. No one here is anonymous, we all have track records. We know our investors well, we have invested in each others' ventures and worked with and built companies together in the past, and all this is public record and not something you can just make up. Not in the world we come from.

In fact, being open and transparent is one of NeuCoin's key themes and main differentiators against most other alt coins. Transparent about who we are, how the pre-mine and founders’ cut are allocated, sale-restrictions on founders and investors, NeuCoin’s governance structure with e-democracy and three non-profit foundations controlled by coin holders. It’s all there in the wiki, there’s much more to come, and we’re here to answer more questions.

That said, here’s is what we believe are our key differentiators:

1. Consumer-friendly. We really mean it and have the background to do it. As do our investors and advisors. In order for a digital currency to go mainstream - which is the ultimate sign of success - it has to use a mainstream perspective. We need to think like consumers do and design an experience that they will like and find useful and valuable. Therefore, we believe that the fact that those on our team who are not tech are consumer marketing people rather than crypto-world insiders is a strength.

2. Freemium strategy. The “freemium” strategy, so successfully used by our friends and advisors at Candy Crush, Spotify, etc, is key to consumer adoption. If you consider Bitcoin, this is one of our key differentiators: there's absolutely no way today for a mainstream consumer who knows nothing about bitcoin to try it out and benefit from its advantages in a frictionless fashion. One has to go through so many steps before becoming a bitcoin user, that it is highly unlikely one will ever try it, let alone start using it.

3. Offering consumers something useful to do. For consumers to want a cryptocurrency, they have to be able to do something with it that they can’t do better with traditional payment methods. NeuCoin will develop real consumer utility versus fiat currencies by developing platforms for micropayments - and we already have major premium content partners in place. The freemium distribution of coins to consumers to get started - and to content providers for helping to convert new users to NeuCoin - will boost the adoption of these platforms.

4. Strategically distributed. If you look at the NeuCoin distribution model, it is both more fair and more growth-driven than any model before it, as it incentivizes early adopters to help increase the utility and value of the coin. Instead of just giving coins to miners, who most of the time sell them right away, NeuCoin will be strategically distributed to reward and incentivize all participants who help increase its utility and value: consumers, early investors, exchanges, payment processors, merchants that accept micropayments in NeuCoin. In addition, the NeuCoin foundations will use the proceeds from coin sales to directly fund projects that increase the utility (micropayment platforms, super easy online wallet, etc) and consumer reach (freemium coins to consumers and referrers) of NeuCoin, which in turn increases the value of NeuCoin.

5. Rewarding early adopters. Tied to the above is the fact that people who get in early on NeuCoin - who help create the first core of users and holders - will be highly rewarded for adding this value. NeuCoin’s economic model uses very high PoS awards, starting at 100% per year in year one, 80% in year two and gradually declining to 6% by year ten, meaning that coin holdings will multiply by up to 50X over 10 years with non-stop PoS mining.

6. Transparency and governance. Unlike many of the opaque, anonymous alt coins we have seen before, NeuCoin will be open, accountable and ultimately controlled by coin holders. NeuCoin’s core code development, user growth programs, and projects to increase utility will be supported by three non-profit foundations based in Isle of Man: the Code, Growth and Utility foundations. All foundations are ultimately controlled by NeuCoin holders (1 NeuCoin = 1 vote), who have the power to hire, fire and set compensation for the foundations’ Council Members, and have a right of approval on annual budgets, spending priorities and other matters. This structure makes NeuCoin more decentralized and accountable than Bitcoin, Ripple or Stellar, let alone most of the anonymous alt coins out there.

7. Technology. NeuCoin has put a tremendous amount of resources into developing a version of Proof-of-stake that is both secure, decentralized and able to keep transactions fees low. PoS has been a very misunderstood technology, and we look forward to publishing a draft of our tech white paper in the next couple of weeks. It will be the first time anyone in the community has comprehensively and mathematically addressed the objections commonly raised to PoS designs. We believe our technology is a huge strength.

can you explain better how this schema work?

thanks.

I had someone ask for my opinion earlier today regarding this coin.

After taking a look at distribution, it looks to be another get rich quick scheme, but it did work for ripple.

Anyone thinking of investing should contact the companies supposedly associated with the coin.

Seems ripe for a PnD.

I wouldn't say it's too much, it's about distribution. Take a look in percent:

3 billion = 100%

- 2.4 billion held by the three non-profit foundations: 0.4 billion - Code foundation / 1.0 billion - Growth foundation / 1.0 billion - Utility foundation = 79,99999%
- 0.2 billion retained by founders for $1 million of work invested = 6,66666%
- 0.1 billion sold to initial seed investors for $250,000 = 3,33333%
- 0.2 billion sold to strategic angel investors for $1 million cash invested = 6,66666%
- 0.1 billion to be sold in presale to crypto-community = 3,33333%


A few people holding ca. 97% of the whole supply! Maybe just two or three, maybe 10 or 50. We will never know. And "non-profit foundations"? Really? In Crypto?

Why do they need a community? I think, they should give the 3,33333% also to the founders, let the "community" alone and play with themselves. ;-)

And why 0.2 billion for the founders for $1 Mio? They planning to sell 0.1 billion in a presale to the Community and it seems, they believe in this price:

"Coin prices should be less volatile and remain intuitive for consumers from launch ($0.01 per NeuCoin) and into the future"


That would be $1 Mio! Plus the same amount sold to strategic angel investors, but for $250.000?

Whatever price they will choose for the presale... In my eyes every satoshi would be to much for this.

3 billion it's too much coins.

I'd say it is not only a question of faith, but of simple common sense. Looking who's behind it gives me the impression of a simple ripp-off.

hope who Sandrine89 will add a count down in OP...
so we have a clear idea when the coin starts his REAL LIFE

That:

Three billion pre-mine allocation:

- 2.4 billion held by the three non-profit foundations: 0.4 billion - Code foundation / 1.0 billion - Growth foundation / 1.0 billion - Utility foundation
- 0.2 billion retained by founders for $1 million of work invested
- 0.1 billion sold to initial seed investors for $250,000
- 0.2 billion sold to strategic angel investors for $1 million cash invested
- 0.1 billion to be sold in presale to crypto-community


...seems a "little bit" risky to me.  

And this:

- 0.2 billion sold to strategic angel investors for $1 million cash invested


...could turn out to be a simple manipulative move. I think:
"Wow, the 0.2 billion are sold for $ 1 Million! Marketcap should be at least at 15 Mio! I have to buy this and have faith that the three foundations, who will hold 2.4 billion are really "non-profit", and the founders who will hold twice of the amount that will be sold to the community, as well."

I would need a lot of faith to buy this. Don't have that much.

DEV , how comes this is not adressed in the ann  ?

This coin seems really intresting to me , not sure why its getting called out for being a scam. if that team is real , there's some real known people etc in and i have a hard time beliving it would be a scam if that team is true. however , it will be intresting to see how this does. Im waiting for the whitepaper untill i judge :>

anyone in here receive email notification 1000 neucoin free after give feedback and fill survey ?
has been end ?

i see many people in the forum receive email notification
thx U