[ANN][STD] StandardCoin - BUILT-IN EXCHANGE - Permanently Rising Rate - page 9.

standardcoin

newbie

Activity: 28

Merit: 0

Quote from: brooklynite on April 05, 2014, 02:10:34 PM

This coin will never work. When the "value" drops against BTC simply trading halts. There will be no buyers. How stupid of an idea is that.

Yes, trading may hold if there are no buyers. But with this coin, at least you know your coin worth some value. With other coins, when there is no buyer, you simply lose all you investment.
For example, right now IPO investors and first round investors can sell back there coins and get back 1/4 of their investment at any time no matter if there is any new buyer or not. And I think there is no reason for them to do that as they can just keep their coins and wait for the GER to rise. This will help create huge buy support. But as time when by and there is no buy support left, people can just dump their coins and get out. When they dump at the GER on the built-in exchange, it will allow new investors to buy in at a lower price, this will create new support. For more details, visit our homepage at: http://standardcoin.net/

hucker

newbie

Activity: 56

Merit: 0

Quote from: madmartyk on April 05, 2014, 02:14:44 PM

OK I go to website, I enter my BTC address, I get the address to sent my STD to, I send my STD and wait for BTC in to hit wallet. NOTHING
Status: 323 confirmations
Date: 4/5/2014 09:00
To: scFqefYpubsrJcVPDpQgeVuxMJ1UV1H4UE
Debit: -6010.00 STD
Transaction fee: -0.01 STD
Net amount: -6010.01 STD
Transaction ID: 868f69a75e1aa4ebc80c4b05f5976aa0ffaddcf0bc547da6007c165cc1f24626

What kind of exchange are you running, send coins get nothing in return....

How did you manage to do that? That's a fifth of the minimum exchange amount.

madmartyk

legendary

Activity: 2702

Merit: 1030

Yes I am a pirate, 300 years too late!

OK I go to website, I enter my BTC address, I get the address to sent my STD to, I send my STD and wait for BTC in to hit wallet. NOTHING
Status: 323 confirmations
Date: 4/5/2014 09:00
To: scFqefYpubsrJcVPDpQgeVuxMJ1UV1H4UE
Debit: -6010.00 STD
Transaction fee: -0.01 STD
Net amount: -6010.01 STD
Transaction ID: 868f69a75e1aa4ebc80c4b05f5976aa0ffaddcf0bc547da6007c165cc1f24626

What kind of exchange are you running, send coins get nothing in return....

hucker

newbie

Activity: 56

Merit: 0

Quote from: standardcoin on April 05, 2014, 01:59:14 PM

Just like any other new coin, you can't request it to be traded on a third party exchange just yet.
This coin is new. Not so many know about it. Not so many understand the system. The majority of people coulnd't really understand the true value of the coin yet. So I believe the best answer for you is: Wait!

Bittrex is full of new coins. EFL, WATER, ECC, BLITZ, ....

brooklynite

sr. member

Activity: 266

Merit: 250

This coin will never work. When the "value" drops against BTC simply trading halts. There will be no buyers. How stupid of an idea is that.

Rainer4256

full member

Activity: 196

Merit: 100

For the benefit of medical research

Quote from: trdiablo on April 05, 2014, 12:47:18 PM

As 2 idiots have been abusing the trust system and have given the DEV a negative trust before he was even able to proof himself I think it is only fair that the people that have received their STD from the IPO (like me) give the DEV a positive trust rating so he has no longer the big red warning letters. He is clearly not a scammer. He got so much shit from some of the idiots here, he could have run away with all the BTC but he did the opposite and delivered a great system and exchange for a very promising coin.

Good job DEV

What about the people who didn't get their IPO coins, like me? I think they have a good reason to be angry!

Kreativekrypto

full member

Activity: 196

Merit: 100

Coins from ipo received thank you

standardcoin

newbie

Activity: 28

Merit: 0

Quote from: hucker on April 05, 2014, 01:50:30 PM

Quote from: standardcoin on April 05, 2014, 01:46:41 PM

You can do that on a third-party exchange with this coin too.
The built-in exchange is just to guarantee the price of the coin.
The main benefit is: when some body pumps the coin and later try to dump it hard, he can't do it because the price can never drop below the GER.
Once the coin is pumped, it can not be dumped, not like other coins.

Ok, I'll take your word for it. That is beyond my comprehension level.

So where else can I trade the coin? It's not on Cryptsy or Bittrex.

Just like any other new coin, you can't request it to be traded on a third party exchange just yet.
This coin is new. Not so many know about it. Not so many understand the system. The majority of people coulnd't really understand the true value of the coin yet. So I believe the best answer for you is: Wait!

hucker

newbie

Activity: 56

Merit: 0

Quote from: standardcoin on April 05, 2014, 01:46:41 PM

You can do that on a third-party exchange with this coin too.
The built-in exchange is just to guarantee the price of the coin.
The main benefit is: when some body pumps the coin and later try to dump it hard, he can't do it because the price can never drop below the GER.
Once the coin is pumped, it can not be dumped, not like other coins.

Ok, I'll take your word for it. That is beyond my comprehension level.

So where else can I trade the coin? It's not on Cryptsy or Bittrex.

standardcoin

newbie

Activity: 28

Merit: 0

Quote from: hucker on April 05, 2014, 01:33:40 PM

Quote from: standardcoin on April 05, 2014, 09:40:42 AM

Quote from: ordeath on April 05, 2014, 09:24:26 AM

why?

Bitcoin Invest 0.0272
StandardCoin Receive
21,250.01
BTC needs this round:
15.97
Next AMC (in BTC)
32.0000000000
Next GER (in Satoshi)
8.00

StandardCoin Sell 680000
Bitcoin Receive
0.0272

Because your bitcoin invested this round is used to cover the future investors' STD value and miners' STD value.
You will get back that amount of BTC only if you sell right after you invested.
If you hold on to your STD, the value will increase and you will earn much more then your investment.

I'm not an expert in accounting, but that stinks. Any other coin I can buy and sell immediately and lose only a fraction in transaction fees. There's an ENORMOUS difference between buy and sell rate here. Forget it, I'll use another coin.

You can do that on a third-party exchange with this coin too.
The built-in exchange is just to guarantee the price of the coin.
The main benefit is: when some body pumps the coin and later try to dump it hard, he can't do it because the price can never drop below the GER.
Once the coin is pumped, it can not be dumped, not like other coins.

hucker

newbie

Activity: 56

Merit: 0

Quote from: standardcoin on April 05, 2014, 09:40:42 AM

Quote from: ordeath on April 05, 2014, 09:24:26 AM

why?

Bitcoin Invest 0.0272
StandardCoin Receive
21,250.01
BTC needs this round:
15.97
Next AMC (in BTC)
32.0000000000
Next GER (in Satoshi)
8.00

StandardCoin Sell 680000
Bitcoin Receive
0.0272

Because your bitcoin invested this round is used to cover the future investors' STD value and miners' STD value.
You will get back that amount of BTC only if you sell right after you invested.
If you hold on to your STD, the value will increase and you will earn much more then your investment.

I'm not an expert in accounting, but that stinks. Any other coin I can buy and sell immediately and lose only a fraction in transaction fees. There's an ENORMOUS difference between buy and sell rate here. Forget it, I'll use another coin.

trdiablo

hero member

Activity: 540

Merit: 500

As 2 idiots have been abusing the trust system and have given the DEV a negative trust before he was even able to proof himself I think it is only fair that the people that have received their STD from the IPO (like me) give the DEV a positive trust rating so he has no longer the big red warning letters. He is clearly not a scammer. He got so much shit from some of the idiots here, he could have run away with all the BTC but he did the opposite and delivered a great system and exchange for a very promising coin.

Good job DEV

standardcoin

newbie

Activity: 28

Merit: 0

Quote from: Kay0r on April 05, 2014, 11:24:13 AM

Seems like all transaction are invalid.

Because the amount that has been sent is smaller than the minimum amount

Kay0r

full member

Activity: 182

Merit: 100

Seems like all transaction are invalid.

ordeath

member

Activity: 228

Merit: 10

Quote from: standardcoin on April 05, 2014, 09:40:42 AM

Quote from: ordeath on April 05, 2014, 09:24:26 AM

why?

Bitcoin Invest 0.0272
StandardCoin Receive
21,250.01
BTC needs this round:
15.97
Next AMC (in BTC)
32.0000000000
Next GER (in Satoshi)
8.00

StandardCoin Sell 680000
Bitcoin Receive
0.0272

Because your bitcoin invested this round is used to cover the future investors' STD value and miners' STD value.
You will get back that amount of BTC only if you sell right after you invested.
If you hold on to your STD, the value will increase and you will earn much more then your investment.

i paid 0.13BTC !!!!

bctalkaj

newbie

Activity: 6

Merit: 0

Wallet does not sync. Gives warning "you need to upgrade or other nodes need to upgrade". Any solutions? Anyone else having problems?

standardcoin

newbie

Activity: 28

Merit: 0

Quote from: ordeath on April 05, 2014, 09:24:26 AM

why?

Bitcoin Invest 0.0272
StandardCoin Receive
21,250.01
BTC needs this round:
15.97
Next AMC (in BTC)
32.0000000000
Next GER (in Satoshi)
8.00

StandardCoin Sell 680000
Bitcoin Receive
0.0272

Because your bitcoin invested this round is used to cover the future investors' STD value and miners' STD value.
You will get back that amount of BTC only if you sell right after you invested.
If you hold on to your STD, the value will increase and you will earn much more then your investment.

ordeath

member

Activity: 228

Merit: 10

why?

Bitcoin Invest 0.0272
StandardCoin Receive
21,250.01
BTC needs this round:
15.97
Next AMC (in BTC)
32.0000000000
Next GER (in Satoshi)
8.00

StandardCoin Sell 680000
Bitcoin Receive
0.0272

hucker

newbie

Activity: 56

Merit: 0

I have now managed to get an STD deposit address to sell my STD coins, but I don't have enough to meet the minimum requirement, so I'll have to try later....

standardcoin

newbie

Activity: 28

Merit: 0

Quote from: Rainer4256 on April 05, 2014, 08:42:41 AM

Quote from: sin242 on April 05, 2014, 08:31:09 AM

So have people actually revieved their IPO coins? Is this going to be added to other traditional exhanges or is this coin going to use it's own
exchange exclusively?

No coins so far. Angry

A huge among of coins has been sent in an instant. Need a lot of time for miners to confirm them all.
See the coins movement here: http://explorer.standardcoin.net/

Topic: [ANN][STD] StandardCoin - BUILT-IN EXCHANGE - Permanently Rising Rate - page 9. (Read 48005 times)