[ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 326.

fastminer

full member

Activity: 182

Merit: 100

Quote from: Winslow Strong on July 20, 2014, 12:27:10 PM

At the price of 0.00000465 BTC/SYS you are pricing at an implied market cap (when all coins are released) of 4.65x10^(-6)*2x10^(9) = 9.3x10^3 BTC, i.e. around $5.75m. This doesn't leave much potential upside to investors, at least not enough to compensate for the severe risk we take in IPOing an altcoin.

again do your calculation how can we have a marketcap of $5.75m when the max btc in ipo can only be 1500btc at current btc prices that would be a cap of $944,000. you do know the coins are to be mined over years not days. so if you thought there is still potential at $5.75 then we are bargain right now as that is like 5x times your money. as we near launch date people will invest and anyone with misconception of fraud. dev does not have the btc moolah exchange does. they have clearly stated as long as what dev says in ann is released btc will be given. if dev fails to deliver btc will be refunded by moolah no dev. moolah has our btc. it is safe.

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: Winslow Strong on July 20, 2014, 12:27:10 PM

At the price of 0.00000465 BTC/SYS you are pricing at an implied market cap (when all coins are released) of 4.65x10^(-6)*2x10^(9) = 9.3x10^3 BTC, i.e. around $5.75m. This doesn't leave much potential upside to investors, at least not enough to compensate for the severe risk we take in IPOing an altcoin.

But all coins r released sometime down the line.. who knows if even usd exists then.

Winslow Strong

newbie

Activity: 53

Merit: 0

At the price of 0.00000465 BTC/SYS you are pricing at an implied market cap (when all coins are released) of 4.65x10^(-6)*2x10^(9) = 9.3x10^3 BTC, i.e. around $5.75m. This doesn't leave much potential upside to investors, at least not enough to compensate for the severe risk we take in IPOing an altcoin.

britney

member

Activity: 70

Merit: 10

If he kept 300 BTC at the end of the day
Reward reserves still account for 3% of the total
Initial public offering of stock will be cut to 3%
What is the point of the whole IPO plans?
You are in accordance with the 1500 BTC, 15% of the IPO plans
If you cannot achieve the intended target, let investors take a loss?

Winslow Strong

newbie

Activity: 53

Merit: 0

You are trying to hardcode in a market cap by setting a fixed IPO price for the presale. IMO this is not preferable to e.g. setting a cap for the presale (and hence the price) and allowing a smaller syscoin price if less presale funds come in by distributing the entire 15% of the presale coins to the IPO funders proportionately. This allows for price discovery.

Devs, what is your logic for price-fixing the IPO? How is this better for investors?

sidhujag

legendary

Activity: 2044

Merit: 1005

Quote from: danosphere on July 20, 2014, 12:16:30 PM

Quote from: Yuzu on July 20, 2014, 12:10:34 PM

I still don't understand why people can't ask these questions before investing money. The devs have better things to set up a return system for weak hands. It says clearly in the instructions that there will only be returns under certain conditions. Don't put in the money if you're not willing to abide!

Seriously! We want to work on the coin! Not reminding people to read. Replying to the same questions 10x in a day eats up a day that could otherwise be spent on feature development.

Read what has already been posted. I'll be putting together an updated FAQ covering most of this today! Soon as I can get out from under the redundant questions and misplaced accusations of fraud Huh

Hi Dan I had some technical questions i had to ask twice and still no response any chance u can take a look? The whitepaper is too vague.

danosphere

legendary

Activity: 1036

Merit: 1001

Syscoin- Changing the way people do business.

Quote from: Yuzu on July 20, 2014, 12:10:34 PM

I still don't understand why people can't ask these questions before investing money. The devs have better things to set up a return system for weak hands. It says clearly in the instructions that there will only be returns under certain conditions. Don't put in the money if you're not willing to abide!

Seriously! We want to work on the coin! Not reminding people to read. Replying to the same questions 10x in a day eats up a day that could otherwise be spent on feature development.

Read what has already been posted. I'll be putting together an updated FAQ covering most of this today! Soon as I can get out from under the redundant questions and misplaced accusations of fraud Huh

Yuzu

sr. member

Activity: 368

Merit: 250

I still don't understand why people can't ask these questions before investing money. The devs have better things to set up a return system for weak hands. It says clearly in the instructions that there will only be returns under certain conditions. Don't put in the money if you're not willing to abide!

Len

full member

Activity: 177

Merit: 100

only the bought coins will be premined, mining schedule will continue as normal, it is a positive for investors.

Len

full member

Activity: 177

Merit: 100

if say only 250BTC gets sold in the presale (unlikely) the market cap will only be $356,125. The only downside to that scenario is that the devs would control 54.54% of the market at launch

Len

full member

Activity: 177

Merit: 100

Quote from: fastminer on July 20, 2014, 11:47:03 AM

Quote from: ?? on ??

Quote from: leetrump on July 20, 2014, 11:08:04 AM

If regular phases does not sell out on August 16th ,How to distribute unsold Syscoin ？

We only mine the coins that is sold.

NO
I want to return my money
Outright fraud
Why can't the remaining shares distributed to investors
If 200 BTC stay to the end
How to safeguard the interests of investors
Not fair
Unsold stocks is not the responsibility of the investors

how is it fraud. there will be no remaining shares. the amount of coins bought in ipo will mined no more. there will not be a minimum of 1500btc worth of coins on launch that is max. the rest will be mined.

OMG i never knew that myself. so the less investors we have the better for us on launch, though i want dev target to hit as it will help us become a giant in crypto. im hoping this can replace dogecoin. $200m market cap come on

yes the less investors better for us, it would be better for us for them to find out when it launches with a low market cap that will drive a lot of investors to buy when it hist the exchange (admittedly selfish point of view haha)

fastminer

full member

Activity: 182

Merit: 100

Quote from: ?? on ??

Quote from: leetrump on July 20, 2014, 11:08:04 AM

If regular phases does not sell out on August 16th ,How to distribute unsold Syscoin ？

We only mine the coins that is sold.

NO
I want to return my money
Outright fraud
Why can't the remaining shares distributed to investors
If 200 BTC stay to the end
How to safeguard the interests of investors
Not fair
Unsold stocks is not the responsibility of the investors

how is it fraud. there will be no remaining shares. the amount of coins bought in ipo will mined no more. there will not be a minimum of 1500btc worth of coins on launch that is max. the rest will be mined.

OMG i never knew that myself. so the less investors we have the better for us on launch, though i want dev target to hit as it will help us become a giant in crypto. im hoping this can replace dogecoin. $200m market cap come on

Len

full member

Activity: 177

Merit: 100

Quote from: GTO911 on July 20, 2014, 11:40:21 AM

Quote from: Len on July 20, 2014, 11:38:53 AM

The less people buy the more better for investors, lower coins at launch = higher value

How? isnt the IPO price fixed?

yes the price is fixed but if only say 400 BTC worth gets sold it will give it a market cap of 80,000,000x0.00000518 (disregarding 3% for devs etc) instead of 300,000,000x0.00000518
EDIT: dumb moment

GTO911

hero member

Activity: 672

Merit: 500

Quote from: Len on July 20, 2014, 11:38:53 AM

The less people buy the more better for investors, lower coins at launch = higher value

How? isnt the IPO price fixed?

fastminer

full member

Activity: 182

Merit: 100

Quote from: triplef on July 20, 2014, 11:35:14 AM

taking back what i said about passing ill buy a bit to see how this goes, i believe that this is the first coin with REAL work behind it since dark coin.....

+1

Len

full member

Activity: 177

Merit: 100

Quote from: ?? on ??

The presale seems to be stuck at around 148 BTC for a while now. The early bird phase should have been sold out by now. I think more promotion/social media is required.

The less people buy the more better for investors, lower coins at launch = higher value

triplef

full member

Activity: 338

Merit: 100

https://eloncity.io/

taking back what i said about passing ill buy a bit to see how this goes, i believe that this is the first coin with REAL work behind it since dark coin.....

louiseth1

legendary

Activity: 924

Merit: 1000

Bitfarms.io

I really like the looks of this coin.

Suchpool will be there for the PoW period!

jibble

hero member

Activity: 924

Merit: 1000

Quote from: ?? on ??

devs are not just gonna release the features and that is it,things will move at a fast pace here.

And i totally agree, but what i personally feel and what is objective assessment of an IPO coin with what quite a few people see as being over valued i would rather express objective data and not my own personal feelings on the matter as they are far more biased.

Any crypto currency is a risk

everyone uses their own credentials to assess the viability of crypto currencies, that is the exact reason why some people are interested in investing and some are not, their own individual way of assessing this crypto has given different results.

Some of the assessments of this crypto have been far out wildly bullshit valuations of the currency, we can get objective data using the mathematics they used for the assessment , which shows their assessment is a illogical assumption, but also stating yes this coin will definitely get this and do this and do that and reach this is equally illogical and based purely on the feelings of the persons comment in regards to said coin

.

leetrump

full member

Activity: 162

Merit: 100

hehe

If regular phases does not sell out on August 16th ,How to distribute unsold Syscoin ？

Topic: [ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 326. (Read 490241 times)