[ANN] Syscoin - Business on the Blockchain - LAUNCHED! - page 343.

snipsnoop

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Quote from: SomeBoy on July 16, 2014, 04:34:09 PM

Should people interested in the presale already start depositing BTC on Moolah?

Direct wallet address that payment needs to be sent to, but that address will be provided by (and hosted by) Moolah. Won't be public until the presale starts, and having BTC on Moolah (like in your account balance or something) isn't going to get the BTC from Moolah to the escrow address any faster than a wallet outside of Moolah's system.

Hope this helps

SomeBoy

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Should people interested in the presale already start depositing BTC on Moolah?

snipsnoop

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Quote from: he-man on July 16, 2014, 10:30:07 AM

you should make a detailed video about how business is done on the block chain. Would spike some interest.

Already did. Working on encoding it at the moment, will be up very soon.

TwinWinNerD

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CEO Bitpanda.com

I will keep watching this!

he-man

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you should make a detailed video about how business is done on the block chain. Would spike some interest.

Lordoftherigs

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Quote from: paulus51 on July 16, 2014, 09:14:36 AM

so yet a other pre sale coin ? i don't like that idea honesty as far i see all pre sale coins is going to flop as you can see around this forum,

many people lost a llot btc's and what so ever for a coin, so how will this coin be ? what makes it difference from other coins ? is this a fast money coin? like grashoppers do ?

yet a other scam coin or what is it , what can i do with it ? wy should i invest in this coin ? ex-plane this please

read the OP check out the webpage, do your homework and decide for yourself.

paulus51

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so yet a other pre sale coin ? i don't like that idea honesty as far i see all pre sale coins is going to flop as you can see around this forum,

many people lost a llot btc's and what so ever for a coin, so how will this coin be ? what makes it difference from other coins ? is this a fast money coin? like grashoppers do ?

yet a other scam coin or what is it , what can i do with it ? wy should i invest in this coin ? ex-plane this please

nomoreheroes7

sr. member

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King of all the land

Quote from: snipsnoop on July 16, 2014, 08:47:58 AM

Just to be clear.. 3600BTC is NOT what we are going for. Again please wait for the full details before jumping to conclusions.

Thanks snipsnoop; I really am hoping that my hypothetical scenario is incorrect, but still goes to show how important the initial pricing will be.

snipsnoop

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Just to be clear.. 3600BTC is NOT what we are going for. Again please wait for the full details before jumping to conclusions.

Lordoftherigs

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Quote from: nomoreheroes7 on July 16, 2014, 07:55:55 AM

I'm still kind of worried about the IPO pricing...since we know it will be less than 0.03 per coin during regular phase, let's take a scenario of 0.018 for the early bird and 0.027 for the regular phase. That comes to 50 million sold at 0.018 = $900,000 + 50 million sold at 0.027 = $1,350,000, a combined total of $2,250,000 (approx. 3600 BTC) for 100 million coins. Add to that the 60 million coins for the devs (about $1,350,000 weighted average) and you have a total market cap out the gate of $3,600,000 (approx. 5750 BTC), #19 in market cap. If there are 325,888,000 coins available after 8 months, the total market cap will need to be $8,798,976 (#10 in market cap) just to maintain the regular IPO price of 0.027 (meaning break even for investors). Please feel free to correct me if any of my math is incorrect, but the room for growth appears kind of small, at least in this scenario.

3600 BTC for 5% is way way overpriced.

For instance Viacoine (https://bitcointalksearch.org/topic/pre-ann-via-682186) which has quite similar aims as Syscoin in many ways sold 10% of all coins for approximately 600BTC.

nomoreheroes7

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King of all the land

I'm still kind of worried about the IPO pricing...since we know it will be less than 0.03 per coin during regular phase, let's take a scenario of 0.018 for the early bird and 0.027 for the regular phase. That comes to 50 million sold at 0.018 = $900,000 + 50 million sold at 0.027 = $1,350,000, a combined total of $2,250,000 (approx. 3600 BTC) for 100 million coins. Add to that the 60 million coins for the devs (about $1,350,000 weighted average) and you have a total market cap out the gate of $3,600,000 (approx. 5750 BTC), #19 in market cap. If there are 325,888,000 coins available after 8 months, the total market cap will need to be $8,798,976 (#10 in market cap) just to maintain the regular IPO price of 0.027 (meaning break even for investors). Please feel free to correct me if any of my math is incorrect, but the room for growth appears kind of small, at least in this scenario.

snipsnoop

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Quote from: S3MKi on July 15, 2014, 05:49:09 PM

Is it safe use Moolah for escrow?

Yes it is, registered company, well known.
From their own website.

Quote

Moolah is currently incorporated in two countries. In England and Wales we're incorporated as Moopay LTD, under company number 08920347. In the United States, we're incorporated in the state of Wyoming as moolah.io INC; which is registered with FinCEN with BSA ID 31000047132300.

We have spent a lot (and I mean a lot) of time looking into escrow. We want this to be as smooth as possible and Moolah is the perfect fit.
But we will be posting more data shortly on everything.

ALBORCA

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thanks but that doesnt help at alll ..are they asking for money fiat or BTC as method of payment?

realestmofo

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If you aren't comfortable ........

Quote from: ALBORCA on July 16, 2014, 12:24:53 AM

any details on the pre sale like how much can we buy at what price?!

Details will be announced July 19th @ 12pm PST. From the FAQ in the 1st post

Q: How much will Syscoin be for presale?
A: This information will be released when the presale launches.

Here are some Tweets from them

"Syscoin Presale - July 19th @ 12pm PST. 50% "Early Bird" discount- mark your calendars! 100% escrow, 0% fee." - https://twitter.com/syscoin/status/486319667569770496

"Coming in a choice of 6 colours, the syscoin hard wallets #syscoin - Free to all taking part in the pre sale" - https://twitter.com/syscoin/status/487901031427481600

ALBORCA

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any details on the pre sale like how much can we buy at what price?!

S3MKi

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Is it safe use Moolah for escrow?

Yuzu

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I'm very much looking forward to the pre-Sale. This looks very good.

sebastien1234

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PR Director@Blockchain Foundry/Co-Founder@Syscoin

Quote from: iaminitnow06 on July 13, 2014, 12:45:34 AM

Quote from: ?? on ??

New video that explains some features / use cases of Syscoin - https://www.youtube.com/watch?v=BtobhjssZJ8&feature=youtube_gdata

(this is not the demo video we're also working on- just to be clear)

Interesting video