Topic: [ANN] ⚽ XFCCOIN ▐The first Fantasy Football Manager blockchain game!▐ ⚽ - page 80. (Read 168628 times)

Yes, in much the same way that the counterparty token was not sufficient and needed to be discarded, the current pricing structure of the in-game economy will need to be revised as well so that it is affordable for someone wanting to buy players and stadiums.  On the bright side, it would be much easier to fix that aspect than it has been to create a new blockchain and exchange service.  Hopefully the points you raised are things that the developers have also thought about.

Is anyone else worried about the pricing of players and stadiums? I am literally shocked this hasn't been discussed given what has happened to BTC.

What I am about to show you will boggle your mind and could have serious ramifications for the in-game economy. I'm not talking about trading on exchanges, I'm talking about the basic economy of the game itself.

I see cards for sale for 50,000 XFC, 150,000 XFC (for the breadwinner), 300,000 XFC for stadiums. Let's break down these numbers. For the sake of simplicity, I will use the ICO price of 0.000012. Let's do some math with the 'updated' bitcoin values (assuming $9,900 as of today):

Messi is worth 1.8 BTC, which is now worth $17,820
A stadium is worth 3.6 BTC, which is now worth $35,640

Even a lower ranked player of 50,000 XFC is now worth 0.6 BTC or $5,940.

Do you see what happens when you artificially fix prices for players and don't let the market set the price? I know what they did, they based the prices back when BTC was paired against XFC in the ICO, but it does not take account of the appreciation of BTC and its relation to the dollar.

So what will have to happen, assuming these parameters remain and are correct, is that the price of XFC when it hits the market will HAVE TO BE lower than the ICO price for the game to be affordable at these current rates. And not just a little lower, but A LOT lower.

This potentially makes this, due to the fixed pricing of in-game assets, one of the worst ICOs ever (outside of flat out scams) to invest in. If you invested 2.66 BTC yielding you 250,000 XFC from the ICO, a value which is now worth $29,700, that doesn't even buy you a stadium. Given that the company will also be selling these assets against the dollar, the price will have to come down and the value will need to below 0.000012 for adoption to be acceptable given current prices as they are.

People are remarking that what if XFC were to hit $1, what if it were to hit $0.25...if XFC were to hit $1 then that means a basic player is now $1000, it's literally impossible. If it hits a quarter, that's $250. Even if it's $1 for 1000 XFC, that means you just lost a massive amount of cash. Let's say 1000 XFC is 3 dollars, somewhat reasonable for the price of a card, that now renders an original investment of 2.66 BTC or 250,000 (with the % discount) to $750 dollars. So, a loss from $29,700 to $750.

Solutions:

1. Change the prices, significantly or you will be dooming your in-game economy before it even begins. If hypothetically the fiat to XFC is cheaper, people will just buy XFC with fiat then sell it for 0.00014 or .00016, assuming they can get that, and it will, again, tank the economy of this game and the project.

2. The remaining hundreds of millions in XFC locked up in a storage locker needs to be destroyed. Another option is when you choose to move to the new blockchain, you re-exchange the previous total to a new total, so 250,000 becomes a lot more or a lot less depending on what you do with the supply because as prices are now, you all, as well as myself, just lost a massive amount of capital by backing this ICO given the prices of in-game assets and the likelihood that the price will tank to make these assets affordable.

This isn't rocket science here, this is basic economics. I have waited and waited and waited, as have all of you, but now that I've just realized this given the wake of the massive BTC appreciation pump, this makes me feel a thousand times worse.

You can still trade it on the counterparty DEX in your wallet:
https://wallet.footballcoin.io

Once you are in your wallet you click on the left hand side: markets
On the right of that page you see: Select Another pair
You write: XFCCOIN and pair it with XCP and you get the market listing.
You can place orders or match existing orders in there.

Don't do anything yet. When the new blockchain is launched we'll all be given instructions on what to do. There might be a coinswap where you send your current XFC to an address and get back the same amount of 'new' XFC coins in return. This is just my opinion though.

Now where i can trade XFC?? I can't find any link. would you please give me the link?

Hi Guys,

i need some help i imported my wallet from the football coin token site to the XCP dex wallet. I want to know what to do with my coins as the new blockchain will require exchanging the coins over? is that correct or can i still use this tokens on the dex site or even wait and send them to future exchanges that may list xfc?

Really need help with this and through bad advice i imported the wallet to my dex wallet now i dont know what to do. Im a noob and would appreciate any help you guys can give me.

Cheers 

Glad to hear that progress is being made and that XFC will probably soon be found on Coin Market Cap.  I'm hoping a lot of people take notice and get interested in the project.  I think it has a lot of potential.

I have been searching and studying this project for quite a while now. Now, what can I say, I am new in the crypto world, but this project seems to be the best one of 2017. We people, must understand that it is not easy to make a wallet and exchange with such a complexity like these ones.

I think that this currency is gonna have a reaaaallly nice bump in the first days. Would be interesting.
Love this project and the fact that they've introduced football in the crypto world, it's .. fantastic!

Keep up the good work, guys!

just list on where nolimit listed with volume .

Basically it will be done in the game through your game account.
We will release specific instructions, to be clear how it is done.

Question about us existing holders under the older counterparty platform, how do you intend to allow us to exchange the old blockchain currency for xfc under the new? Some clarification on this would be very helpful.

Finally good news emerged....I wish soon XFC will be on Bittrex, Poloniex and Bitfinex ....

Thank you for confirming.

I think this is the key for XFC. I would recommend avoiding places such as Yobit and other scammy exchanges who charge outrageous fees for a crap user experience.

I would also recommend a strong push towards Korean and Japanese exchanges as they have very active investors and XFC will tick a lot of boxes for Asian investors.

Yes of course.
We will apply again to the exchanges to have XFC listed with the new blockchain parameters.
Hopefully this time the outcome will be the expected one due to the fact that the new blockchain is fast, cheap and easy to integrate in any exchange.

Thats great,, we can trade xfc with many coins. Cant wait price of xfc on the market, i hope it will more higher than ico price.

I'm sure you appreciate that right now is the perfect time to launch with BTC breaking records every week, pushing up the USD value of altcoins.

As an investor, I can tell you that the exchange doesn't have to be 100% perfect before launch. As long as your support is good then users can help you to discover bugs while you guys focus time and money on advertising.

Also, please can you confirm that you will be applying to have XFC listed on other exchanges as well.

So good to hear that! You are amazing ! 

Well thanks for the update, it is indeed complicated but the most important thing is you have come through 131 pages already and we will have another 200 pages once the wallet is ready and we are traded in big exchange we are exciting in the big news.

To my knowledge initially, there will be four other cryptocurrencies for the purpose of the exchange. Exchange in Fiat should later be adopted, as well.

Ethereum and Litecoin I know to be considered for the trade. Ripple and DogeCoin, also.

Lucky December, waiting for Christmas gifts from FootballCoin.
I truly believe in the development of this blockchain and still have faith in it.

PS. I'm getting better at football, ranking in the competitions almost every week. Winning is addictive.