Good coin abbreviation would be SPT
I have a question in about this. I should have something tomorrow.
Topic: [ANN] [SPTC] Spoutcoin | Native Currency of Spout - The Anonymous App - page 2. (Read 2826 times)
January 19, 2017, 11:01:27 PM
I have a question in about this. I should have something tomorrow.
January 19, 2017, 09:15:23 PM
Good coin abbreviation would be SPT
January 19, 2017, 07:40:20 PM
it has not seen interesting to get a token counterparty 
Unless its Storjcoin, worth 8 million. Or Bitcrystals, worth 5m plus. Both Counterparty.
Bitcrystals, who is trading that scrap? Storj is alright, but its not a profit maker, and I dont see it soaring coz its connected to political events in palestine.
Our supply may need to be changed but the Counterparty platform is great and already has proven itself with many multi-million dollar cap coins. There's nothing limiting about using a Counterparty asset from the perspective of building a valuable coin. In fact there are a number of advantages which will be discussed in the upcoming whitepaper. In any event our initial market cap will be small, allowing for alot of upside for early adopters - which is intentional.
January 19, 2017, 06:04:09 PM
it has not seen interesting to get a token counterparty
Unless its Storjcoin, worth 8 million. Or Bitcrystals, worth 5m plus. Both Counterparty.
Bitcrystals, who is trading that scrap? Storj is alright, but its not a profit maker, and I dont see it soaring coz its connected to political events in palestine.
January 19, 2017, 05:33:58 PM
and android app?
The Android app has been developed and is feature-complete. We're doing internal testing now and it will be released in Google Play in February.
January 19, 2017, 05:06:49 PM
and android app?
January 19, 2017, 04:37:02 PM
it has not seen interesting to get a token counterparty
Unless its Storjcoin, worth 8 million. Or Bitcrystals, worth 5m plus. Both Counterparty.
January 19, 2017, 04:27:33 PM
it has not seen interesting to get a token counterparty
January 19, 2017, 04:25:16 PM
Can you explain:
-No escrow for first crowdsale
-No app yet
-basic website
-No team listed
-No whitepaper
This provokes alot of skeptisism
-No escrow for first crowdsale
-No app yet
-basic website
-No team listed
-No whitepaper
This provokes alot of skeptisism
- As stated before, Crowdsale 1 will take place prior to the February release of Spout’s Android version, official app launch, and integration of Counterparty-compatible wallet. As a result, participants are expected to consist primarily of existing Spout stakeholders and others in the community familiar with the app and our plans. So escrow is not something most purchasers will care about. It's a relatively small amount of Bitcoin involved and there aren't really any milestones to add as conditions of release. Escrow wouldn't be difficult to do actually but wouldn't really offer any substantive protections for Crowdsale 1 participants.
- We do have an IOS app (https://itunes.apple.com/us/app/spout-anonymous-local-chat/id1144767617?mt=8) and are working on testing the Android version currently. The Android version will be released concurrently with the official public announcement of the app.
- The website is basically a placeholder and will be updated in February in advance of the main crowdsale (Crowdsale 2).
- Info on the team will be included in the Whitepaper released in a few days.
- Re; whitepaper; again this will be released this coming Monday (Jan 23rd) at the latest.
January 19, 2017, 04:02:55 PM
Can you explain:
-No escrow for first crowdsale
-No app yet
-basic website
-No team listed
-No whitepaper
This provokes alot of skeptisism
-No escrow for first crowdsale
-No app yet
-basic website
-No team listed
-No whitepaper
This provokes alot of skeptisism
January 19, 2017, 03:24:26 PM
Total supply: 10,000,000,000 coins WOW 
This is thought necessary because even 100,000 app users multiplied by 1000 Spoutcoin is already 100 million Spoutcoin. The formula for automatically allocating Spoutcoin demands a high coin supply.
U didint really explain why its deemed necessary to issue 10 billion of shits, did u? One unit of sprout should be pegged to capre diem to keep the prices at a meaningful level of acceptability, otherwise u would need to move decimal point 5 places to the right to allow sptc to be tradable against usd.
Well, 10 billion isn't set in stone yet as the token supply has not been locked. Reducing the supply would mean that we would need to adjust the formula for allocating Spoutcoin to app users to fractional amounts of Spoutcoin, which isn't really a problem. Perhaps a supply of 1 billion, or even 100 million like GetGems did?
January 19, 2017, 03:15:02 PM
Total supply: 10,000,000,000 coins WOW
This is thought necessary because even 100,000 app users multiplied by 1000 Spoutcoin is already 100 million Spoutcoin. The formula for automatically allocating Spoutcoin demands a high coin supply.
U didint really explain why its deemed necessary to issue 10 billion of shits, did u? One unit of sprout should be pegged to capre diem to keep the prices at a meaningful level of acceptability, otherwise u would need to move decimal point 5 places to the right to allow sptc to be tradable against usd.
January 19, 2017, 03:01:26 PM
I also have concerns about total supply like many people already have raised the question and others issues which will appear in case of trading and fee for sending. In spite of all these issue will keep watching how things evolves in coming days. May be it will be worth to participate in the crowdsale.
We are looking into the tx issue with regard to coin supply. At this point, the ratio between fees and coin price is our main concern. Getting feedback from other Counterparty asset holders today.
January 19, 2017, 02:56:01 PM
I also have concerns about total supply like many people already have raised the question and others issues which will appear in case of trading and fee for sending. In spite of all these issue will keep watching how things evolves in coming days. May be it will be worth to participate in the crowdsale.
January 19, 2017, 02:48:37 PM
Spout will be released for Android next month concurrently with the official public launch of the app. Probably mid to late February.
January 19, 2017, 01:51:39 PM
Btw, if you have an iphone, you can always download Spout in the App Store and start earning Spoutcoin right away: https://itunes.apple.com/us/app/spout-anonymous-local-chat/id1144767617?mt=8
January 19, 2017, 12:31:42 PM
you would be amazing if it could be like doge coin, although the doge coin supply so much, btw no premine dev?
All 10 billion coins already exist, although the supply can still be changed. I've noticed that GetGems forinstance originally started with a 10 billion coin supply and then reduced it to 100 million at some point before their crowdsale. Perhaps the tx issue was a factor in this decision.
No coins will be owned by Spout, devs, etc. for their own account unless they acquire them like everybody else.
January 19, 2017, 09:44:22 AM
no whitepaper yet?
We'll have a whitepaper online prior to actual announcement next week.
we shall have to wait for patiently and then see whats happend with us
January 19, 2017, 07:03:28 AM
you would be amazing if it could be like doge coin, although the doge coin supply so much, btw no premine dev?
January 19, 2017, 03:40:55 AM
Total supply: 10,000,000,000 coins WOW
This is thought necessary because even 100,000 app users multiplied by 1000 Spoutcoin is already 100 million Spoutcoin. The formula for automatically allocating Spoutcoin demands a high coin supply.
ya but having them, premade, presold, on the PREmise you will have even 100k users? (you wont, not until you have something to offer) theres not that many on this forum active! haha
mixed with the brand new anon account with no escrow, the chance of abuse is outrageously high, or do we just "trust" some dude named "Spout" to not dump on the market with his 10 BILLION coins.?
This crap could keep you in the money for ever if you could make it fly.. too bad i cant see it in its current state...
also keep in mind it hard to take a coin seriously that says it will be accepted globally but dosent follow a BASE rule of ANY crypto to be accepted, let alone LISTED on alot of the major exchanges...
(ISO_4217)70% of coins will be allocated to users of the app. The remaining coins will be either sold or burned. Spout won't own any coins for its own account, so there's nothing to "dump"
Crowdsale 2 (by far the larger of the crowdsales) will include escrow. Crowdsale 1 doesn't require escrow because purchasers will consist of Spout "stakeholders", people involved with and familiar with the app and the company, its principals, etc. We don't have a problem with the idea of escrow, there's just no point to it for Crowdsale 1 purchasers.
The ICO 4217 issue is interesting. Thank you for pointing this out. I know that this has been an issue with Bitcoin; fortunately it's trivial to modify.
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