Topic: ★★★ [ANN][GTC] GUARANTCOIN ★★★ cryptocurrency backed by real gold,KGW-Fixed,Nscr - page 8. (Read 20329 times)

A simple statement of "50% premine for gold backed IPO" would also help. Anyway, hopefully you get things sorted, though at the current IPO price if you actually sell all of the IPO (a truly long shot!) I think it's interesting that you'd be looking at $2,560,896 worth of BTC invested (5184 BTC at 2000 GTC per BTC). Meanwhile, you're guaranteeing a price of at least 0.002381g of gold per GTC, and at the current market rate for gold that would mean the whole of GTC would be guaranteed a minimum value of $2,049,942. So basically if you actually get people to take you up on the IPO, that will serve to fully prop up the price -- you could put every BTC of the IPO onto future exchanges at a price of around 20K satoshi... and you'd still have one fifth of the IPO value remaining.

In other words, while your words say one thing, like most new coins I think the real goal is quite simple: you as the coin's creators are hoping to make a substantial amount of profit. Whether or not you can get enough "true believers" to pull it off is a question we have yet to see answered, but my guess is... no. If I were interested in gold, I'd much rather take $415 and buy 10g of gold instead of spending 1BTC ($495) to get 2000 GTC that could be traded in at any time for... 5g of gold.

Anyone interested in this IPO, I have an offer for you: send me 1BTC and I will send you $415. That's twice the returns you'll make off of this coin! How could you let that generous bounty pass you by? On the other hand, AUR looks like a complete scam, and yet people are still mining that sucker, so who knows? LOL

Personally i think any coin that is part of an ipo is a private venture not an open sourced project and therefore not even an alternative cryptocurrency

I think ipo based 'coins' should not be allowed to be posted

Thank you, it looks there is an error, anyway I can only tell you that we are honest and not intend to scam anyone. We will try to fix it asap.

Yep, Math OP. He is absolutely correct. Either needs a fixed or scambony.

We finally found a block on gtc.altmine.net. Payout is working.

Umm, you have some math problems I think. First, the block reward halving is every 103680 blocks. But... um... at three minutes per block that would mean it would actually take 216 days to hit that mark, which is more like 2/3 of a year. That's only a small error, however, compared to the absolutely stupid mistake made with the block rewards. At a reward of 100 GTC per block, you're looking at 10,368,000 GTC in 216 days, at which point the reward gets cut in half. That would be fine, except I believe the IPO already took half of the coins, right? So really, in 216 days, the GTC are all gone. Oops. Either you need to adjust the block reward to 50, or you need to double the coin supply, or perhaps the IPO wasn't 50% of all coins, in which case you need to clarify the number of IPO coins.

Your website looks pretty professional, so I'd like to give you the benefit of the doubt, but then if you could scam people out of 50 BTC in a few days before things get figured out, you'd make a lot more than that site would cost to create. Better come back with some details really fast, or I'm lumping this into the scam bucket with a lot of other coins! Seriously: cryptocurrencies are fundamentally based on math. How can you hope to create a successful cryptocurrency if you fail so badly at basic math!?

Also, we need a block explorer, pronto -- that would at least let us see the premine/IPO amount.

Both ;-)

YES me too. If it will be similar to aurora, We wil be rich. You are mininig, or you bought IPO?

I think it's too soon for ratio... I will simply keep the coins and observe the situation.

What exchange rate do you take?

Yep, I believe this coin has potential and I will definitely wait til it hits some good exchange.

gtc.coinardia.com constantly switch to vertcoin
diff (real) switching diff vertcoin 187
WTF??
 


   

Where?   I plan to sell it for 1000gtc / 1BTC: P

Exchanges coming soon

I understand now it's all on the website

diff rising

 

Is it joke?

Look here: http://guarantcoin.com/guarantee/

Who do I submit the GTC to? The website Argor-Heraeus doesn't give a link to deposit GTC for gold unless I missed this somewhere.
Can you help us out here please dev. Feeling confused

Thanks

Diff 5 and rising