Author

Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 284. (Read 490241 times)

legendary
Activity: 924
Merit: 1000
Why don't you guys make an online countdown like this :http://countingdownto.com/countdown/syscoin-countdown-clock#

Not a bad idea and something that is being planned alright. Just busy with other tasks atm.
sr. member
Activity: 244
Merit: 250
Why don't you guys make an online countdown like this :http://countingdownto.com/countdown/syscoin-countdown-clock#


member
Activity: 98
Merit: 10
Isn't 518 satoshi way too cheap?
I mean there will only be 40 million coins after 6 months.

You got people on both sides. Some think it's too high and some too low. It all depends on how you factor in the presale numbers. If you assume most presale buyers hold and there is high demand then the price shoots up to encourage presale buyers to sell and miners to dump to meet the demand. If there are more people looking to sell and take their profit then price goes down and could come close to presale price.

But looking at just mining numbers then yeah, first 6 months of mining at 518 sat is only 171btc worth. Hardly enough for all the buyers out there. So price should shoot up if presale buyers hold.

You have your calc wrong.
18% of all coins are premined, and 15% will be pre-sold, means initial Sum of coins is 360M coins.
360M*0.00000518 = 1864.8 BTC = appx. 1M $ MCAP

This initial price doesn't let any place for growth....

In case it is all legit it seems like a nice project but I think early investors should get a better starting point.


You are correct. I did not factor in the 60,000,000 coins not in the presale but those should not be dumped right after launch. No room for growth depends on if pre sale sells out and there are still more buyers waiting to buy on an exchange. 3, 4, 5 million dollar market cap isn't impossible. Maybe not right away if there are dumpers but give the coin a month or two and who knows what will happen.

Also, you have to remember this is going to be a market place and other things noted in the first post. If you hold + price goes up then you can buy more things.

Why not Mintpal first? Mintpal was purchased by Moolah.

I saw on Twitter that Moolah has just started the process. They may not be far enough in the process to be able to add Syscoin to Mintpal on Saturday. So that means other exchanges besides Moolah can get a head start on some Syscoin volume.

So this is aiming for a Million dollar market cap right off the bat. Seems kinda high. I dont believe even Via was at a million when it launched, may be wrong tho.
newbie
Activity: 42
Merit: 0
Isn't 518 satoshi way too cheap?
I mean there will only be 40 million coins after 6 months.

You got people on both sides. Some think it's too high and some too low. It all depends on how you factor in the presale numbers. If you assume most presale buyers hold and there is high demand then the price shoots up to encourage presale buyers to sell and miners to dump to meet the demand. If there are more people looking to sell and take their profit then price goes down and could come close to presale price.

But looking at just mining numbers then yeah, first 6 months of mining at 518 sat is only 171btc worth. Hardly enough for all the buyers out there. So price should shoot up if presale buyers hold.

You have your calc wrong.
18% of all coins are premined, and 15% will be pre-sold, means initial Sum of coins is 360M coins.
360M*0.00000518 = 1864.8 BTC = appx. 1M $ MCAP

This initial price doesn't let any place for growth....

In case it is all legit it seems like a nice project but I think early investors should get a better starting point.


You are correct. I did not factor in the 60,000,000 coins not in the presale but those should not be dumped right after launch. No room for growth depends on if pre sale sells out and there are still more buyers waiting to buy on an exchange. 3, 4, 5 million dollar market cap isn't impossible. Maybe not right away if there are dumpers but give the coin a month or two and who knows what will happen.

Also, you have to remember this is going to be a market place and other things noted in the first post. If you hold + price goes up then you can buy more things.

Why not Mintpal first? Mintpal was purchased by Moolah.

I saw on Twitter that Moolah has just started the process. They may not be far enough in the process to be able to add Syscoin to Mintpal on Saturday. So that means other exchanges besides Moolah can get a head start on some Syscoin volume.
sr. member
Activity: 290
Merit: 250

Yep any exchange is free to add us but we'll be on Moolah first, and when others add us SYS can be exchanged on those markets as well.


looking solid gold over here...hey i'm in a bind, could use a helping hand!
~> is there an email address i can send you a message..it's urgent!!!
>> Thanks and personally i'm amazed by your achievements!!!  
Cool    +keep up the good work!!!

Why not Mintpal first? Mintpal was purchased by Moolah.
sr. member
Activity: 341
Merit: 250
Isn't 518 satoshi way too cheap?
I mean there will only be 40 million coins after 6 months.

You got people on both sides. Some think it's too high and some too low. It all depends on how you factor in the presale numbers. If you assume most presale buyers hold and there is high demand then the price shoots up to encourage presale buyers to sell and miners to dump to meet the demand. If there are more people looking to sell and take their profit then price goes down and could come close to presale price.

But looking at just mining numbers then yeah, first 6 months of mining at 518 sat is only 171btc worth. Hardly enough for all the buyers out there. So price should shoot up if presale buyers hold.

You have your calc wrong.
18% of all coins are premined, and 15% will be pre-sold, means initial Sum of coins is 360M coins.
360M*0.00000518 = 1864.8 BTC = appx. 1M $ MCAP

This initial price doesn't let any place for growth....

In case it is all legit it seems like a nice project but I think early investors should get a better starting point.
legendary
Activity: 924
Merit: 1000

Yep any exchange is free to add us but we'll be on Moolah first, and when others add us SYS can be exchanged on those markets as well.


looking solid gold over here...hey i'm in a bind, could use a helping hand!
~> is there an email address i can send you a message..it's urgent!!!
>> Thanks and personally i'm amazed by your achievements!!!  
Cool    +keep up the good work!!!

Send PM to Dano or myself and we'll try our best to help you out
legendary
Activity: 1540
Merit: 1016
i want buy boat after launch day Grin hold guys.
newbie
Activity: 42
Merit: 0
Isn't 518 satoshi way too cheap?
I mean there will only be 40 million coins after 6 months.

You got people on both sides. Some think it's too high and some too low. It all depends on how you factor in the presale numbers. If you assume most presale buyers hold and there is high demand then the price shoots up to encourage presale buyers to sell and miners to dump to meet the demand. If there are more people looking to sell and take their profit then price goes down and could come close to presale price.

But looking at just mining numbers then yeah, first 6 months of mining at 518 sat is only 171btc worth. Hardly enough for all the buyers out there. So price should shoot up if presale buyers hold.
newbie
Activity: 29
Merit: 0
Isn't 518 satoshi way too cheap?
I mean there will only be 40 million coins after 6 months.
sr. member
Activity: 994
Merit: 260
Why the price is so much coin dump? Huh
hero member
Activity: 554
Merit: 500
Crypto Enthusiast
a quick question, what happen to unsold coins? will they be destoryed?

In the case of the presale not selling out then they will only mine enough coins to cover what was sold in the presale.

Thats correct.

Please read the OP in relation to any further questions Smiley - Saves repeat clarification.
newbie
Activity: 42
Merit: 0
a quick question, what happen to unsold coins? will they be destoryed?

In the case of the presale not selling out then they will only mine enough coins to cover what was sold in the presale.
full member
Activity: 196
Merit: 100
a quick question, what happen to unsold coins? will they be destoryed?
full member
Activity: 154
Merit: 100
BTC = FREEDOM IS OUR ONLY HOPE!
Ok, i had invested in this, i hope it´s not scam.


looks good to me! ~ i'm pleasantly surprised by what they have put together so far!!!  Cool
member
Activity: 111
Merit: 10
the coin has a big community .
full member
Activity: 154
Merit: 100
BTC = FREEDOM IS OUR ONLY HOPE!

Yep any exchange is free to add us but we'll be on Moolah first, and when others add us SYS can be exchanged on those markets as well.


looking solid gold over here...hey i'm in a bind, could use a helping hand!
~> is there an email address i can send you a message..it's urgent!!!
>> Thanks and personally i'm amazed by your achievements!!!  
Cool    +keep up the good work!!!
legendary
Activity: 1960
Merit: 1022
Ok, i had invested in this, i hope it´s not scam.
hero member
Activity: 700
Merit: 500
nice looking coin.
legendary
Activity: 1036
Merit: 1001
Syscoin- Changing the way people do business.
PLEASE NOTE THE ABOVE MESSAGE ABOUT @Syscoins!!

Oh and another thing, will the coin be exchanged in other markets? I can't seem to find this.. will it be exchanged in trex or polo as well?

Yep any exchange is free to add us but we'll be on Moolah first, and when others add us SYS can be exchanged on those markets as well.
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