I was going through a list of alts on Bittrex and saw CTZ. Looks interesting with active community. And although the max supply seems a lot and with 1% premine, the price is still enticing. What sets it apart from similar alts?
As owner of the coin let me clarify some stuff
The maximun supply is 1,000,000,000 (after one year), and it will grow by 44% every year. The pre-mine coins are based on the POW amount, so in fact we have a lot less pre-mine coins then 1% when you compare it with other coins, as they take 1% of all coins, so our pre-mine is infact more close to .5% or even .25%.
The price of a coin is not related to how many coins there are on the market, it all depends on what you can do with your coins. At current levels we will have only a marketcap of $35,000. When you check coinmarketcap and check the coins with a bigger amount then 1,000,000,000 coins then you will find a few (in fact a lot), and a lot of those coins are trading a lot higher then $35,000. What makes Citizencoin different then other altcoins? Good question, i believe the name is already something that you can use during marketing. Am I allowed to pay with Citizencoin sounds a lot better then can i pay with Catcoin for example.
Will Citizencoin trade higher then 100sats? Maybe, maybe not.it all depends a little bit on luck, and taking the right steps when developing a coin. Also a lot depends on the big bag holders, if they are not afraid to spend $50 for the coin in a chance to earn $500 or more then you can achieve something nice.
Because of the limit amount of pre-mine coins and because of the low price we cannot spend a lot of money ourself. You cannot expect DEV to pay for everything, but if community makes sites for free that allow CTZ to be used, or if community is donating to the charity or donation address then this can be used to improve the coin.
If every person donates $10 today as a risk or investment then something can be done, you can start organizing marketing events, etc, but if nobody donates anything then the coin will just stay at current levels, and it makes hard for DEV to invest all by himself.
When you already calculate the number of hours all people that are working behind the scene on Citizencoin then we are working for less then $0.5 per hour. But we believe that the time that we put in CTZ new can result in a marketcap of $500,000 and then that little 1% will give back a little of all the hours/days/weeks/months that we have (or will spend) on the coin.