That price was way to fucking high to makntain. Over a mill market cap just to maintain... cloak doesent even have a mill market cap and vericoin barely does. So why would this shitcoin hold it? Im so glad I got the fuck out at 560sats, slow denial all the way down to 100sats for you guys still holding on. Even then @100 sats, a 250k market cap will be rather hard to maintain for thid disaster
The thing though is what does VRC and CLOAK have to offer besides future promises? With SYS you can use the market place, store documents / data on the block chain, certificates, reserving an alias. These features were not meant to be used in the wallet. It does sound like someone will be working on adding more features to the wallet though / making them look nicer and more user friendly. This coin was meant for people to take the source and template and build off it. Make their own website and own services that use the syscoin block chain to store the information. These services have fees that go along with it to prevent people from bloating up the block chain with useless information.
Instead of having a pump group buy up the coins and then having the dev / pump group / community hype up the coin so everyone buys this coin launches with working features and will go up naturally with adoption. There is no 1 group buying up all the coins and then having devs make promises where everyone buys up the price based on what will happen.
It is kind of backwards from what people are used to. CLOAK and VRC had a $9,000,000 market cap at its peak based off of hype which is why the priced tanked.
But yeah I do agree that even this coin isn't worth $1,000,000 right now because the userbase isn't there. Eventually there may be enough demand to warrant a $1,000,000 market cap. People were buying to sell high because that's what they are used to.
Cloak and veri have bo forks crashes, bugs, errors, failed launches, failed promises, broken feautres, and they successfully launched. So basically what your saying is that syscoin does nothing right now untill someone buils a script to use the marketplace? The fees are too high. To have an alias and sell a popstick it will cost $30 and alot of coding and fuckaround. The idea was a disaster, the blockchain bloat will wipe out the coin completely. What use is a non anon marketplace?? I can use feature packed ebay or gumtree for free. This whole coin was just a bunch of smoke and mirrors and fancy graphic design and videos and bullshit marketing. The final product is worth about $30, not 1mill
I seriously doubt moolah would dare to release the funds, unless he feels like loosing all his customers to failing the escrow requirements. He has already done the dodgy and changed the terms and conditions from "if syscoin fails to deliver, a full refund will be issued"
To
"if syscoin fails to deliver we will just chill out and give them a secret amount of time to sleep and maybe fix a few things and the possibly releasing a half working wallet"
These terms were changed without us investors knowing. Dodgy practice.