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Topic: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official - page 69. (Read 196191 times)

legendary
Activity: 1162
Merit: 1000
Allergic to false promises
hero member
Activity: 545
Merit: 500
Some questions:


This is the distribution, if it's still actual:


"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"




And this is the PoS Rate:

"NeuCoin’s economic model uses very high PoS awards, starting at 100% per year in year one and gradually declining to 6% by year ten."



They also say:

"In contrast to virtually all previous digital currencies with pre-mines, all NeuCoins held by the founding team, seed and angel investors are subject to strict re-sale provisions for five years (each of these holders may only sell 2% of their holdings per month in the first year, (...)"


And if just 100 Mio Coins now are in the hand of the Community, all the other Coins has to be seen as potential inflation. Even if the "Non-profit-organisations" never would sell a single Coin, the founding team, the seed investors and angel investors hold 5 times more Coins than the community, so they will stake much more than the community and they'll sell at least 2% of their holdings per month what means 24% of their holdings in one year. And they'll stake their holdings, so their Coin-Amount will increase at the same time they sell. Right?

 
That would be a huge inflation and just if the three "non-profit-organisations" won't sell a single coin and those who hold 5 billion Coins now and stake them just will really "just" sell 2% per month and 24% per year.


Am I right with that? Because if I'm right... how will it be possible that the price won't go down like a stone in the sea?

By the way: What will happen to the Coins the "non-profit-organisations" hold? After one year they'll hold 4,8 billion Coins through staking, right?. They'll never sell or do they sell 24% per year as well?






This is also interesting, and a little bit weird:


Illustration of how the re-sale restrictions work in practice
Consider an angel who owns 1 million NeuCoin tokens on the day of launch. For the first month after launch, the angel cannot sell any NeuCoins; indeed the angel does not even have any access to the private keys for his/her tokens. During the month, assume the angel’s NeuCoins grow to 1.08 million due to POS rewards. At the end of the month, 2% of 1,080,000, or 21,600, would become unrestricted and sent to the address of the angel’s choice. At the beginning of month two, the angel has 1,058,400 restricted NeuCoins. During the month, assume this restricted coin balance grows 7.9% from POS rewards to approximately 1,142,000 coins. At the end of the second month, 2% of this balance, or 22,840 coins, become unrestricted, and will be sent to the angel’s address. And so on.

http://forum.neucoin.org/t/how-the-neucoin-community-can-monitor-the-foundations-and-teams-neucoin-token-holdings-over-time/1526


But if I understsand it right, it won't be just 22,840 new Coins, because that's just an example of one Angel Investor who owns 1 million Coins. The problem is, if I'm right, there are 500 Mio Coins in the hand of seed and angel investors and the founders, plus the staking. So it has to be multiplied by 500.  

22,840 * 500 = 11,420,000 new Coins at the end of the second months. At the current value that would be 685 BTC.

And at the end of every month they'll sell more, because of staking. What does that mean? The market will anticipate that and drop at/before the end of every months... Even if there would be a potential user growth that could potentially catch those coins, just to hold the current value, the uncertainty will have some psychological impact. And it's very unlikely that this project will attract so many new Investors just to hold the value.

Plus: If the price won't rise after some time, the experience after ICO's have shown, that the price goes down, because Investors lose patience.


Honestly: Am I wrong with something I'm writing here? My problem really is that I think I must be wrong... or that this is the strangest distribution-model ever. If I'm right this Coin has no chance because of the mathematical design and the psychological impact it has.

And for me it's still uncertain what will be with the 2,4 billion Coins of the "non-profit-organisations". What does that mean: non-profit? They won't ever sell any Coins? Or will they sell 2% of their holdings as well? Because that would mean: plus 66,236,000 new Coins at the end of the second month = 3974 BTC at current value.

Anybody?



The Zimbabwean-level inflation is a clear given that the smart people in the room noticed long ago.  The dumb people, well, they took basket weaving instead of economics back at school--if they are old enough to have been to college yet.

What I'm fascinated by currently is not the market for Neucoin.  The 40% pump is just Dan following Joe Kennedy's famous "I'm not paying for a landslide".  It's just to get more suckers in the door, but not too expensive.  He'll knock it up by notches over the next few days with the Seychelles BTC, because:

What I'm fascinated by, is that while everyone is looking at the Neucoin market, they are not watching the Seychelles wallet:

https://blockchain.info/address/3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH

Watch the transactions leave that wallet, get filtered through a few temporary wallet addresses and land in many different places so far.  30 here, 100 BTC there...and it will continue.  When you are looking at that remember what their "Strategic Plan" and Sandrine (in various posts) have always maintained:

"Proceeds used to increase utility and value of NeuCoin

Following creation and launch, all proceeds will be distributed among NeuCoin’s three Isle of Man-based, non-profit foundations - the NeuCoin Code Foundation, the NeuCoin Growth Foundation and the NeuCoin Utility Foundation - and will be used, along with cash remaining from NeuCoin’s strategic angel round, to fund core development, consumer marketing and projects that increase the utility of the decentralized cryptocurrency, including platforms for micropayments."

So you would expect to see three transactions out of that wallet going straight to 3 other wallets.

But that's not what is happening to "all proceeds".  Little by little, the MrNukes wallet is getting drained, and the proceeds being laundered through several wallets before landing in small sums of 10, 30 and 100 btc...in many wallets so far.

Follow the Seychelles money.
hero member
Activity: 812
Merit: 1001
Some questions:


This is the distribution, if it's still actual:


"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"




And this is the PoS Rate:

"NeuCoin’s economic model uses very high PoS awards, starting at 100% per year in year one and gradually declining to 6% by year ten."



They also say:

"In contrast to virtually all previous digital currencies with pre-mines, all NeuCoins held by the founding team, seed and angel investors are subject to strict re-sale provisions for five years (each of these holders may only sell 2% of their holdings per month in the first year, (...)"


And if just 100 Mio Coins now are in the hand of the Community, all the other Coins has to be seen as potential inflation. Even if the "Non-profit-organisations" never would sell a single Coin, the founding team, the seed investors and angel investors hold 5 times more Coins than the community, so they will stake much more than the community and they'll sell at least 2% of their holdings per month what means 24% of their holdings in one year. And they'll stake their holdings, so their Coin-Amount will increase at the same time they sell. Right?

 
That would be a huge inflation and just if the three "non-profit-organisations" won't sell a single coin and those who hold 5 billion Coins now and stake them just will really "just" sell 2% per month and 24% per year.


Am I right with that? Because if I'm right... how will it be possible that the price won't go down like a stone in the sea?

By the way: What will happen to the Coins the "non-profit-organisations" hold? After one year they'll hold 4,8 billion Coins through staking, right?. They'll never sell or do they sell 24% per year as well?






This is also interesting, and a little bit weird:


Illustration of how the re-sale restrictions work in practice
Consider an angel who owns 1 million NeuCoin tokens on the day of launch. For the first month after launch, the angel cannot sell any NeuCoins; indeed the angel does not even have any access to the private keys for his/her tokens. During the month, assume the angel’s NeuCoins grow to 1.08 million due to POS rewards. At the end of the month, 2% of 1,080,000, or 21,600, would become unrestricted and sent to the address of the angel’s choice. At the beginning of month two, the angel has 1,058,400 restricted NeuCoins. During the month, assume this restricted coin balance grows 7.9% from POS rewards to approximately 1,142,000 coins. At the end of the second month, 2% of this balance, or 22,840 coins, become unrestricted, and will be sent to the angel’s address. And so on.

http://forum.neucoin.org/t/how-the-neucoin-community-can-monitor-the-foundations-and-teams-neucoin-token-holdings-over-time/1526


But if I understsand it right, it won't be just 22,840 new Coins, because that's just an example of one Angel Investor who owns 1 million Coins. The problem is, if I'm right, there are 500 Mio Coins in the hand of seed and angel investors and the founders, plus the staking. So it has to be multiplied by 500.  

22,840 * 500 = 11,420,000 new Coins at the end of the second months. At the current value that would be 685 BTC.

And at the end of every month they'll sell more, because of staking. What does that mean? The market will anticipate that and drop at/before the end of every months... Even if there would be a potential user growth that could potentially catch those coins, just to hold the current value, the uncertainty will have some psychological impact. And it's very unlikely that this project will attract so many new Investors just to hold the value.

Plus: If the price won't rise after some time, the experience after ICO's have shown, that the price goes down, because Investors lose patience.


Honestly: Am I wrong with something I'm writing here? My problem really is that I think I must be wrong... or that this is the strangest distribution-model ever. If I'm right this Coin has no chance because of the mathematical design and the psychological impact it has.

And for me it's still uncertain what will be with the 2,4 billion Coins of the "non-profit-organisations". What does that mean: non-profit? They won't ever sell any Coins? Or will they sell 2% of their holdings as well? Because that would mean: plus 66,236,000 new Coins at the end of the second month = 3974 BTC at current value.

Anybody?



 Your about right.  Also add +300m to founders, (for $2.25m work post launch)  = 800m coin held by founders angel seed ect.

Check my posts for more info..
newbie
Activity: 59
Merit: 0
@Gizfreak thank you for this scan.
legendary
Activity: 1960
Merit: 1128
Some questions:


This is the distribution, if it's still actual:


"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"




And this is the PoS Rate:

"NeuCoin’s economic model uses very high PoS awards, starting at 100% per year in year one and gradually declining to 6% by year ten."



They also say:

"In contrast to virtually all previous digital currencies with pre-mines, all NeuCoins held by the founding team, seed and angel investors are subject to strict re-sale provisions for five years (each of these holders may only sell 2% of their holdings per month in the first year, (...)"


And if just 100 Mio Coins now are in the hand of the Community, all the other Coins has to be seen as potential inflation. Even if the "Non-profit-organisations" never would sell a single Coin, the founding team, the seed investors and angel investors hold 5 times more Coins than the community, so they will stake much more than the community and they'll sell at least 2% of their holdings per month what means 24% of their holdings in one year. And they'll stake their holdings, so their Coin-Amount will increase at the same time they sell. Right?

 
That would be a huge inflation and just if the three "non-profit-organisations" won't sell a single coin and those who hold 5 billion Coins now and stake them just will really "just" sell 2% per month and 24% per year.


Am I right with that? Because if I'm right... how will it be possible that the price won't go down like a stone in the sea?

By the way: What will happen to the Coins the "non-profit-organisations" hold? After one year they'll hold 4,8 billion Coins through staking, right?. They'll never sell or do they sell 24% per year as well?






This is also interesting, and a little bit weird:


Illustration of how the re-sale restrictions work in practice
Consider an angel who owns 1 million NeuCoin tokens on the day of launch. For the first month after launch, the angel cannot sell any NeuCoins; indeed the angel does not even have any access to the private keys for his/her tokens. During the month, assume the angel’s NeuCoins grow to 1.08 million due to POS rewards. At the end of the month, 2% of 1,080,000, or 21,600, would become unrestricted and sent to the address of the angel’s choice. At the beginning of month two, the angel has 1,058,400 restricted NeuCoins. During the month, assume this restricted coin balance grows 7.9% from POS rewards to approximately 1,142,000 coins. At the end of the second month, 2% of this balance, or 22,840 coins, become unrestricted, and will be sent to the angel’s address. And so on.

http://forum.neucoin.org/t/how-the-neucoin-community-can-monitor-the-foundations-and-teams-neucoin-token-holdings-over-time/1526


But if I understsand it right, it won't be just 22,840 new Coins, because that's just an example of one Angel Investor who owns 1 million Coins. The problem is, if I'm right, there are 500 Mio Coins in the hand of seed and angel investors and the founders, plus the staking. So it has to be multiplied by 500.  

22,840 * 500 = 11,420,000 new Coins at the end of the second months. At the current value that would be 685 BTC.

And at the end of every month they'll sell more, because of staking. What does that mean? The market will anticipate that and drop at/before the end of every months... Even if there would be a potential user growth that could potentially catch those coins, just to hold the current value, the uncertainty will have some psychological impact. And it's very unlikely that this project will attract so many new Investors just to hold the value.

Plus: If the price won't rise after some time, the experience after ICO's have shown, that the price goes down, because Investors lose patience.


Honestly: Am I wrong with something I'm writing here? My problem really is that I think I must be wrong... or that this is the strangest distribution-model ever. If I'm right this Coin has no chance because of the mathematical design and the psychological impact it has.

And for me it's still uncertain what will be with the 2,4 billion Coins of the "non-profit-organisations". What does that mean: non-profit? They won't ever sell any Coins? Or will they sell 2% of their holdings as well? Because that would mean: plus 66,236,000 new Coins at the end of the second month = 3974 BTC at current value.

Anybody?

legendary
Activity: 1162
Merit: 1000
Allergic to false promises
OCP
newbie
Activity: 20
Merit: 0
Solid first day of trading almost done.

Up 50% from crowdsale price and steady holding.

Number #1 volume on both Bittrex and Cryptsy.

Very good start. No pump, no dump. Just slow, steady value increase.
With PoS mining you make a ton of money id the price stabilizes at this level.

Now the proof is in the pudding. Can they get a ton of users or not? I think the price will hold and then slowly start climbing as they release the games and micropayment applications and turn on the mainstream consumer marketing.
sr. member
Activity: 280
Merit: 250
From Russia with love
Found this project a few months back glad it's finally launched. Smiley
newbie
Activity: 59
Merit: 0
by the way: Why no win 64bit wallet.

And: nice quiz.
legendary
Activity: 1960
Merit: 1128
Some questions:


This is the distribution, if it's still actual:


"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"




And this is the PoS Rate:

"NeuCoin’s economic model uses very high PoS awards, starting at 100% per year in year one and gradually declining to 6% by year ten."



They also say:

"In contrast to virtually all previous digital currencies with pre-mines, all NeuCoins held by the founding team, seed and angel investors are subject to strict re-sale provisions for five years (each of these holders may only sell 2% of their holdings per month in the first year, (...)"


And if just 100 Mio Coins now are in the hand of the Community, all the other Coins has to be seen as potential inflation. Even if the "Non-profit-organisations" never would sell a single Coin, the founding team, the seed investors and angel investors hold 5 times more Coins than the community, so they will stake much more than the community and they'll sell at least 2% of their holdings per month what means 24% of their holdings in one year. And they'll stake their holdings, so their Coin-Amount will increase at the same time they sell. Right?

 
That would be a huge inflation and just if the three "non-profit-organisations" won't sell a single coin and those who hold 5 billion Coins now and stake them just will really "just" sell 2% per month and 24% per year.


Am I right with that? Because if I'm right... how will it be possible that the price won't go down like a stone in the sea?

By the way: What will happen to the Coins the "non-profit-organisations" hold? After one year they'll hold 4,8 billion Coins through staking, right?. They'll never sell or do they sell 24% per year as well?


newbie
Activity: 59
Merit: 0
i get an trojan warrning from 360 total security. An error from the antivirus?
legendary
Activity: 1162
Merit: 1000
Allergic to false promises
Somebody got 2500 coins for a poll?
I think you are referring to the survey from a few months ago?
In that case just be patient. It was clearly stated that the reward will be transferred a month after the launch.
hero member
Activity: 490
Merit: 500
Somebody got 2500 coins for a poll?
legendary
Activity: 2898
Merit: 1017
Trying the windows wallet..

If I lock the wallet, there is no way of unlocking it for staking.. (kinda main purpose in a POS wallet).

Moved funds to the wallet 12 hours ago, when should I expect the coins to switch from "balance" to "stake" ?

And is there a difference between staking with a desktop wallet and the web wallet, reward wise.. ?
hero member
Activity: 545
Merit: 500
This wallet that got the first 170 BTC from the Seychelles wallet yesterday has already washed, rinsed and spun dry in 30 and 100 BTC round amounts:

https://blockchain.info/address/1DWHoLtePnaeGGKPAa6DyC1pzFb3sCq1t4


Is this angels and pre sale shills getting their BTC back for the loan?
hero member
Activity: 545
Merit: 500
A Whopping 700 BTC ($165,200) just left the Seychelles to this address: 

https://blockchain.info/address/12KdTg48mBfeQLjaLroAVmAK21NBMwCpm4

Now moved from that wallet to two others:

https://blockchain.info/address/127nrFLx9P7HxRYUwBt1Z5x52yU7J4YGdm (500 btc)

And

https://blockchain.info/address/1MMHMExeN3rAtU6rAKwMtt66vHYYeDnUwv  (200 BTC)

Follow the money.  Are these the buy support accounts at the exchanges?
sr. member
Activity: 1451
Merit: 258
now only the price game in bittrex
hero member
Activity: 742
Merit: 500
eh is it launched? what about the giveaway?
hero member
Activity: 545
Merit: 500
A Whopping 700 BTC ($165,200) just left the Seychelles to this address: 

https://blockchain.info/address/12KdTg48mBfeQLjaLroAVmAK21NBMwCpm4
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