Topic: [ANN] STRAKS - A POW/Masternode Cryptocurrency focused on e-commerce utility - page 68. (Read 144893 times)

Yep and they could have left the options there, rather than trying to "burn" (which we all know they are not going to do) the coins and pump it and dump again.

The DOC was not the original dev, nor was SigtD.

The original dev did the right thing, he made the coin and went away, just like Bitcoin.

Yobit application has already been sent and there appears to be a new exchange that has listed Straks here; https://koinbi.com/markets/stakbtc  however, a word of warning, approach this with caution, many new exchanges

have been known to setup and run with your coins. I am not saying they will, just be careful, if you feel its not right walk away and wait for Yobit or others.

The developers for the first year will merge their STRAKS, and the second will close the project!

The real problem is that they talk shit about TRANSPARENCY and COMMUNITY ORIENTED COIN. Also the Devs are Signatum bagholders, and the way they communicate the news, with this timing, seems really like they just bought low more Sigt and sell during the MN's fomo, because just an idiot can't think before about the fomo that they'd create communicating "50k straks for a MN". So the price of Sigt rised up and they simply sell off they're bags. After few hours they communicate the Swap Mechanism. They should had communicate the swap details before the masternodes collateral details. They just act like scammers with their community. They don't give to the community the swap details when they call the votation. Also they let their community free to think that with 200k sigt collateral they can easily get a MN. No one advice the community during the fomo, and the devs are active on the discord channel. Too much thing smells like shit. Now they try to separate the Straks community from Sigt community, but they was Sigt bagholders too and they found the new community with the sigt community's blood. Without sigt's community this coin is nothing. And it's a great and strong community. For the moment they just troll the community for save their asses and piss off their sigt coins high with a perfect insider trading.
Just in case they don't want to do this, they are just 11morons not able to drive a coin to some kind of goal, because if they had not thinking about this and acting in this way, there will be not a shiny future for this coin because they simply don't understand the markets dinamics. But imho, they just had take advantage giving us not transparent information about all the entire project.
Well done, best community oriented and transparent coin!
Thank you for all.
I wish to see their sigt wallets some days ago and now. LOL unfortunately is quiete too late.
This is the major point, not the swap dinamics, also if I don't agree. The biggest shit is their way to use the community, the news comeout timing and the entire way they move on at this point. A transparent dev's project, don't go ahead in this way for sure.

I am looking forward to the exchanges that Straks will be listed. Which one will be the chosen.

Oh please, you were complaining about Straks mining not being profitable because of the Sigt swap. In fact your exact words were:


Now after the latest announcement the situation has changed; it became clear that the coins from Sigt swap will not immediately flood the Straks market. That's a good sign for Straks and means the value of Straks can go much higher. It also means the profitability of mining is much better. In essence you got what you asked. But you're still here complaining. 

Btw, the swap information is present in the annoucement since yesterday, see update UPDATE - 24th November.

I was also surprised by the latest announcement. It means people who own Sigt can't immediately get their money back. Six years is a long time to wait. I can understand many people are upset because of that. I agree the devs should have clarified the details of the swap sooner. Then again, people assumed a swap means an instant swap. I admit I was one of them and did profitability calculations based on it. However, I still think you can make profit by buying Sigt. You can think it's like an investment to an ASIC miner. An ASIC miner has a fixed upfront cost and in return you get specific coins back each month until the ASIC miner becomes outdated. In the same way you can now buy Sigt coins (upfront cost) and in return get Straks coins back each month for six years. The profitability depends on how much you pay for Sigt and what's the value of Straks in the future.

You keep repeating that but it's not going to make it true.
You can see by yourself that countless projects on this forum have went through this process successfully.

It just feels like miners are trying to manipulate the project so they can secure their profits by being the only players in the game, if you're really scared of dumping like you say, guess what most miners does ?

This is not what decentralized crypto projects should be about IMO.

haha - all this drama man.

I kinda understand their decision but 6 years might be a lil overkill indeed.

https://i.imgflip.com/1zzf92.jpg

Swap in a nutshell.

But the risk is also too much. With the 6 years, it make the whole matters become worst. I think it will much better to change the offer to 1:1 swap but you don't have to give your SIGT to be burn.  Everyone has SIGT and STRAKS in their bag, no hard feeling, no one angry at each other, everyone happy. STRAKS have strong back up from SIGT community, that is a good deal enough.

No actually they gave Sigt holders one extra option, as after Doc and SigtD left you only had two options, sell, or hold and wait for a divine intervention.

Like i said im not in total agreement with the timeframe, but it sure beats the hell out of watching a further pump of Signatum to watch it get immedietly dumped on Straks, and everybody complaining about that scenario with the same old "Shitcoin and Scam" accusations.
 

I was with Sigt from day one so trust me, I in the know.

The devs also did not have to try and market their new shitcoin to a great community for their own profits. That is all that they did, they played on the emotions of those SIGT bag holders, rather than building their coin from scratch, because they don't have the skill to do so.

This is all created thanks to SIGT.  You are new here and do not know anything, but you allow yourself such statements.

The Devs of Straks do not have to swap any Sigt, they could just leave it in the dust where it belongs, they are not the original Sigt Devs so hold zero obligation to help, however, they offered.

Nobody is forced to take their offer, although I am not in 100% agreement with the time frame, I am also aware they dont have to do any swap.

So for one I will not complain, as  Sigt holders still have a plethora of freedom of choice options.

If you bought in yesterday, and now dissapointed, then that was again your freedom of choice.

I dont recall any accounts of Dev's entering peoples homes and forcing their arms up their backs to either buy, sell, hold, or swap.

Sigt dev disappeared long time ago, wake up pal, and now Sigt holders have an opportunity, that was kindly provided by Straks team, to swap their coins to Straks. Use it or not can decide only people themselves.

Straks seems like a wonderfull project with a nice ANN,website, roadmap, team and whatnot.

If you think about it the direct straks <> sigt swap system was flawed. The amount of sigt would kill straks before it even launched.
Introducing the swap over a longer time period makes sense. However every sigt holder is screwed again

Lol how many times can one be screwed over by sigt.

1to4 instant  swap will definately bury this coin, but why spread the  word  about change then cheat with rules for swapping?  very bad for reputation of the coin, hope you can live with it!

SIX YEARS!! really?

I'll hope it's a joke

I don't get it why SIGT dev allows this kind of swap process. Six years for merely a swap is never sound good. Heck, that's like a basic ABC alphabet logic which everyone with common sense knows it. Please kindly thinks about it yourself, STAKS and SIGT team!