i like the dev. it does not help that his previous coins have not done well but third time lucky. i might just wait until ICO is over as i think the price is too high for current supply and max coins. good luck tom
You do have to remember that Firecoin was launched by someone else and I took after he dumped the coin and everyone hated it. I have been trying to revive it and have found out how hard it is to change people’s mind that just because he sold it immediately and left that I am a different developer then him.
Trader coin really all I can say is that it is what it is. I did it as a test to see if people would be willing to take the lead of a coin as a community and not rely on a coin developer. I made sure that from day one everyone knew what they were getting into. It made me realize people what a coin Dev to make them money. (I know very blunt) So that is why I am making this coin and have it organized the way I do. I will be doing everything in my power to maximize profit for everyone that holds this coin. The more coins sold during the ICO the more profitable it will be. If we sell out, based on the numbers we will be having a 10-15 BTC profit per day to be split. (GAW has announced new things that will help improve profitability but it has not been tested so I can’t put exact numbers too it.) So if we only sell half that means you will have to cut the profit in half. So it is very important to sell as many as we can.
Coin price – I understand your concern about the price. It will launch with a market cap of $400k if we sell out. However I fully believe based on the how we have set the mining on this coin and how much income per coin you will be getting I think the price will rise. The mining is relatively low inflation which means if we sell out the ICO, after the first year there will be about 53.75 million Envy in circulation that means 50 million will have been paid for with BTC and only 3.75 million will be mined meaning it would be in the best interest of those who buy the ICO to only sell their coins when they are above the ICO price. There will be low sell pressure from miners dumping to pay bills. So even if someone is trying to manipulate the market and push prices down people really need to consider not selling for a loss because you will have your coins for free after 70 days. (Because profit share will have paid enough to pay off your initial investment.) That is also assuming that the amount of hashpower we buy with the reinvestment only equals the rise in difficulty/decrease in zen pool payouts. Looking at what the reinvestment would buy I am very confident we will outpace the decrease in zen pool payouts. This means if I was a betting man, your ICO coins will be paid for in less than 70 days. And since I am a betting man I can tell you I will be buying coins during the ICO. We do not get any ENVY for free so we will be buying at the same price as everyone else. I will be putting my money where my mouth is.