Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 303. (Read 490255 times)

Want to emphasize this point. Right now almost all Syscoin features require Syscoin to use them- including the marketplace feature. So once we launch if Syscoin marketplaces catch on, there will indeed by buy pressure as people will need Syscoin to buy items on these marketplaces.

As I mentioned before Syscoin creates all kinds of business opportunities for smart devs. A keen developer could easily implement BTC/SYS conversion on the frontend of a marketplace using an exchange API to make it even easier for people to move from BTC/RZR/VRC/etc -> SYS for the purposes of purchasing goods on Syscoin marketplaces. This could all be pretty transparent to the end user (they still think they are buying something using BTC). In either case, the use of Syscoin marketplaces will create natural buy pressure- and that is only 1 of 4 features we're releasing at launch (and we're actively working on escrow at the moment!). What happens if all the services catch on? A lot more buy pressure.

Syscoin is a really different type of offering while still descending the from the original Bitcoin codebase. Its going to be a whole new type of coin.

3 hours and 10min left.

early phase is end?

After bittrex has processed your withdrawal and there is at least 1 confirmation you will receive an email. If you overpaid by any amount you will be sent Syscoin for the full overpaid amount

If I recall the bittrex withdrawal fee is 0.0002. So to buy 0.1btc of SYS you'd need to send 0.1002. If you sent 0.104 you will receive 0.1038btc worth of SYS after the network fee and should get an email to that affect. If there are any issues please PM me, here to help!

Thanks to the other's who addressed the 2bil question

Yes, I can help explain.

OK so lets see what it will take to hit 5k sat.

So in 1.5 years there will be at most a total of 442,944,000 total coins. At the presale price of 518 that is $1,353,725 market cap.

Lets say the price is 5000 sat then that will give us a market cap of $13,066,848

That is also 9.65x higher than the presale price.

Now if the price is 5000 and market cap is $13,000,000 in 18 months then the coins being mined per day are worth 5.76btc. By then the presale buyers should be holding strong (you gotta if you want to see 5000) and with 5.76btc being mined a day that is still manageable (when you look at other coins still being mined and their price).

If Syscoin is being used people will be buying the coin too which will create buy pressure which will make the mining and dumping not seem so bad (and maybe people will mine and hold).

That's how you get to 5k sat in the short term.  

that 2 billion is over like 70years

can someone explain to me how this coin can grow good when their are 2 fucking billion coins?
Why the fuck do they have 2 billion coins?

Seriously doesnt that already means it can never even hit 5k cozz its almost impossible?
Hope someone can explain that

i bought 0.1 syscoin for now.
But.. I dont understand the network fee? I think i paid 0.104 on bittrex it said atleast 0.1 was going to be send how can i be sure i get it?

Why doesn't this thread have an "all" button?

Feel like the team has sufficiently answered all the questions we got overnight, all good, fair questions!


Yeah and if you look at their ledger they have even "crazier mofos" since someone bought 75btc of the presale with no proof of development and with no development team to show. That's faith right there. Also, that will crush the VIA market when its dumped. We tried to put 25btc "caps" in place to prevent this kinda of over-concentration of wealth.


Perfect example re: Yo! App. It got 1mil in funding for exactly as you described- an iOS only app that simply sends a txt that says "Yo." to someone in your address book. THAT got a 1million USD of mainstream funding. I know for a fact Syscoin has already taken a lot (8+ months n counting) longer to develop than that app and it has a lot larger potential to be majorly disruptive. Unlike VIA we have real working features that differentiate Syscoin ready for launch and a non-anon dev team that's already put in many months of work to make this feature complete as described before coming out and trying to advertise/launch/presell anything.

You probably only heard of Syscoin a within past weeks unless you're really in tune with the altcoin market. We've been operating in stealth mode (ninja mode?) for months and decided to do preann Syscoin only once we were sure the features were fully functional. Different approach than 99% of other teams out there.

Phase One is running lower on Syscoin Available  www.moolah.io/syscoin

Very true, and yet if you compare these things to traditional finance it looks like peanuts. Did anyone else see how the 'Yo!' app which does nothing but send a message saying Yo! to someone from your address book got bought for like $10 million or something. I wasn't really that impressed by VIA, but even I think its worth more than that stupid Yo! app, and I think Syscoin definitely is.

Also its all relative. For some people 25 BTC means less to them than 0.25 BTC does to the rest of us because they've got hundreds or even thousands of coins. Maybe this whale felt like he was just taking a small punt.

VIA has over a million dollar market cap right now and are just announcing their Dev team. What will syscoin be worth a few days after launch based on everything they got. People got money to throw around too. Exciting times.

whos the crazymofo that brought in 25btc worth of syscoin, someones got faith

Feel free to make the same error when filling my wallet with coins 

Just broke 365/465 in Phase 1

Apologies if you received multiple confirmation emails this morning, that was an error on our end.

Hello, my Voot boss, how do you think sys. I wanna invest some btc, do you suggest?

Yes, but only if all 300m coins are sold during the presale event

There are a number of talks in the thread about this.
We have a 944k USD initial market cap if the presale sells out entirely (Based on Phase 2 @ 518 sat ). Less if not.

realestmofo did up a spreadsheet here https://bitcointalksearch.org/topic/m.7999692


Check out the OP for a video of Syscoin Certificates.. Under Proof Of Development Progress.. (Direct link here : https://www.youtube.com/watch?v=e7HczUeEXeQ)
The features listed in this preann are all complete and awaiting launch, we are in the progress of making more videos and will be releasing these as soon as possible.