Topic: [ANN][LMC] LoMoStar - First built-in Cryptocurrency LBS Entertainment App - page 28. (Read 72405 times)

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Thank you for the interest. At present we are engaged in product development. Our website will upgrade and join Slack channel for western users for communication together with App new version. Details will be released gradually.

Sync is slow because of large volume of transactions & big block size. Just Wait until it finished

Unlock wallet： help - Debug window - console  - input walletlock

then   walletpassphrase yourpassword time true

Maybe the dev should clarify why another ico is needed.

It seems odd the coin was dormant for a long period, now suddenly it pops up asking for a new ico, i.e., more money from investors. After it gets that money then presumably it will go dormant again until the dev needs money?

You mentioned something about one of the cofounders being a PhD from a major college or something? So that person has a public bio? Maybe a LinkedIn page or the Chinese equivalent? Or are these people anonymous, but you just happen to know a little about them?

edit to add
Sorry, not trying to sound snarky. If the tech is real and the dev is serious then it could be a fair project, but the next step is not "I want more money" unless there is something public besides what could well be a Chinese pump crew churning volume ahead of another ico. The devs should have an open public discussion with geocoin devs, who also may or may not be legitimate, then on the basis of public questions people will be able to make more informed decisions. A coin that uses geostuff to distribute currency and attract people to crypto is an interesting idea and collaboration between a Chinese and Western coin, each with overlapping markets could have some great synergy for the coins themselves, if both devs are legitimate, and be decent for crypto generally.

i have problem with my wallet. sincro is very low, can you help me, and now say this: warning:checkpoint is to old. and i can't find option for unlocked.

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I think the reason is very clear.  After some success in China, they are expanding globally, not only with the geolocation aspect, but to also create a decentralized platform and new wallet tech.  Also the coins were never fully distributed, so they are not creating additional supply, just generating funding based on existing frozen supply.  

The team members all have bios on their website.  As you have alluded to China doesn't use English Linkedin, they use the Chinese version: 领英 - just google that and search the team members there.

I'm not sure why you mention GeoCoin, whose codebase has not been updated in 3 years and the developers are missing.  That is a dead coin simply getting pumped.  LomoCoin is very much alive, their github is active, and the original poster and team member just posted a few hours ago.  

I think most of the concerns here are due to a lack of understanding of the China market and because people are unaware of what is going on over there.  I believe as they begin their Western marketing and expansion more questions can be clarified.  

By the way, I should also ask - do you own any Bitcoins?

Who is the developer of Bitcoin, can you show me their LinkedIn bio? 



See my point?  The most important aspect here is regardless of their LinkedIn credentials (which you also do not have for GeoCoin), is that the LomoCoin project is active, the members post here, and they have hundreds of thousands REAL users on their mobile apps in China.  That is better than many alt coins right now.  But it's very undervalued because people don't know this info in the West where crypto currency is more popular.  That's why, in the last few days, Yuanbao had $10+ million in volume for LomoCoin, and Bittrex only had $2 mil at most.  In the last 24hrs, the volume on this coin was close to the volume on ZCash, the coin partnered by JP Morgan Chase.  The Chinese know about this coin, but the Westerners do not.  I am certain when the Western countries learn more about this coin it will not be a 6 page thread, and it will not be undervalued as it is now. 

So the purpose of the additional funding is to bring awareness to their success and clarify these through Western communication channels, to be able to raise funds for even greater developments.  Imagine if this coin was traded on Poloniex or other large exchanges? 

Also, I should add that, in China, Bitcoin and crypto currency has been taboo for some time.  In some cases it has been illegal and exchanges have had really rough waters to navigate.  Given that, you should understand that the developers are not going to be shouting out their identities and being too public with this.  I think they are purposely expanding globally because there is even more potential for this overseas, outside of China.

1. I believe this is related to expanding globally.

2. There has always been mention of a trickling of the supply.  I think in a way this implies that there could have been a second funding round.  Though to confirm, there is no additional supply, it is the same maximum just being distributed.

3. There is a QQ Group Chat, and an Official WeChat channel.  They also just launched a Facebook page for Western markets here: https://www.facebook.com/Lomocoin-173210476508224/

@ lomocoin


Email is to verify I am the dev of LoMoCoin.

@ lomocoin

I think if it wasn't so hard to find information about Lomocoin and the dev a lot more people would be buying into the project.

What does this mean?
Just send [email protected] a code with your bitcointalk id, and I will show it right there.