Topic: [ANN][XRY] Royalties | Cryptonote | Upto 15% Interest on Deposits - page 18. (Read 31141 times)

this coin is a fork of xdn thus the price is now incredibly low for a staking coin which offers 1.25% for month.
it is x23 cheaper than its fork and it is not a dead coin you can download wallet and deposit now so it is possible to climb to 1$ per coin. it was traded at a dollar for whole of july whereas the highest point was 2.05$.

Not even worth mining when the block reward is only .1 and you can buy for .05 doge. Cryptonote is a very expensive algo i've already made more mining monero last night than what my current 5 month XRY stack is worth.


It might pay off in 10 years.

Miners almost always dump their coin / complain about price/dev work. That's just how most of the miners are.
I'm a miner myself and low scale investor. Will this coin ever reach dogecoin price again ? I'm really positive. Bought in while is not too late.
Check out other not so popular altcoins, is not something unusual that initial investors dump their whole stake for the sake of making a quick buck.

Patience. Up to 20 Satoshi, there's only 7.42BTC worth of coins are for sale on Cryptopia. As soon as there's some movement, more than half of that will be removed and moved higher. Can you see this happening or only me ?

good job

I have been mining this coin since post ico. I should have done more research as i thought i was holding some value i should have just been dumping it all along as i was mining. Instead i was investing it in their deposit system for 2 months at a time to have a nice cycle of withdraws coming up. Now they are worth less than a doge coin. Should have been mining Monero.. Such a mistake.

If I were to be taking out aggression it would read very differently in tone and language. I agree that people are still mining but if the miner trend continues to decrease and all have left the building, what then? And THAT is my point being made. No FUD. An eventuality if circumstances continue on their current course. That's all.
Otherwise I agree with all othe points you have made in your response to me.

"Whats the point of having a machine turned on and running when there is no-one left to use it?"

More FUD and comments without merit and BASIS.


Check out: http://xryexplorer.info/  It clearly shows that the coin IS being mined.  It also shows that transaction ARE being made.  If you were mining this coin and watched it fall the entire time - I feel for you.  Not a valid reason to FUD and take your aggression out on this coin now.

You are certainly entitled to your opinion.  Just as I am entitled to my opinion that this portion of your post is FUD.

"All thats needed is for one of the devs to speak up, communicate, present an update or anything to feed the masses in order to get some interest and confidence going again. With out that we have, for all intents and purposes, a dead coin (or one rapidly dying of hunger)"

I agree with you.  It would be great to hear from the developer.  But what if he can't speak for legal reason? Think court order...  Think corporate non disclosure agreement.  What if he won't speak because it is in his benefit not to.

I find it hard to believe that any developer would work so hard on a project, create a beautiful brand - a potential gold mine - and then just throw hands up and walk away from it.  Surely he had a stake in this project.  If he doesn't want the brand he created, then he needs to let us know here on the board and perhaps arrangements could be made to replace the dev team.  I see a lot of coins being sold on Cryptopia.  Perhaps the dev is cashing out - Perhaps the dev is cashing into the coin? who knows...  But someone is buying those coins. (I bought my fair share too...)  There are two outcomes on this for me - turn off the system and I know the game is over... (I still won't sell the coins I have :-P)  Or those strong enough to see this through stand to gain significantly. Win or lose - I knew these were the outcomes going in.  One thing will not happen for me - I am not selling a single coin for less than I paid for them (which wasn't much).  I will either have a win or write off.

On mining issues - I too mine.  At the current coin price and reward structure - this coin is not worth my mining efforts. (It won't come close to paying what mining other coins pay.)  The dev needs to think about how this issue is going to be addressed long term.  Is the foundation paying for mining or going to increase the reward to make it mineable? (I suspect they are mining it themselves or paying someone to directly mine it for them at this point.)  If they are going to make it mineable - the mining rewards should at least be comparable to XMR (Monero).  I'd mine the coin if it were economically feasible to do so.  I'd mine the coin to help out short term if in a pinch and needing help.

So Dev - given the above what's it going to be...  I've called and raised...  Let's see what you are made of.

I mined a few XRY a few weeks back with some positive hopes for the coin especially liking the high interest deposit feature. But I mine no more since there are really no more updates from the devs and the price is tanking. If others are of similar mind such as myself then there may not be any miners left to mine the chain. At the time when I was mining there were 4 pools and many more miners than there have been during the past week.
Whats the point of having a machine turned on and running when there is no-one left to use it? So as far as Im concerened the devs need not turn off the machine for the machine to be useless.. ie dead. My opinion. Take it or leave it.

All thats needed is for one of the devs to speak up, communicate, present an update or anything to feed the masses in order to get some interest and confidence going again. With out that we have, for all intents and purposes, a dead coin (or one rapidly dying of hunger)

Gonna buy XRY right now at cryptopia. . .   

So I Buyed 4Lac+ XRY Coins At 2 Satoshi Price.What the XRY Price Pump Upto 20SAt+ ?

So here are the math FACTS on Royalties Coin:

From https://bitcointalksearch.org/topic/m.19944896

"The ICO amount is 18,446,744,073 I will be setting 73 Royalties aside, when doing the math of what everyone gets. This will be used for the transaction fees to mix and send out ICO funds, as well as used to send messages to the ICO backers. So the total ICO amount is 18,446,744,000 for 15 BTC which means the ICO price was ~0.1 Satoshi."


So 15 BTC dived by 18,446,744,073 = 0.000000000813 BTC/XRY Initial Offering Price...   July 5, 2017 BTC was $2,601.99

15 BTC * 2,601.99 = $39,029.85 USD on July 5, 2017

Todays BTC price was: $11,530.00 when I wrote this.

In Today's BTC the ICO was:
15 BTC * 11,530 = $172,950 USD

(Seems like a reasonable ICO to me)

Today's XRY sales prices on the market was 0.00000001 to 0.00000002 BTC/XRY...

So today's market cap for ALL 18,446,744,073 coins is:

at 0.00000001 = 18,446,744,073 XRY * 0.00000001 BTC/XRY = 184.46744073 BTC or $2,126,909.59 USD
at 0.00000002 = 18,446,744,073 XRY * 0.00000002 BTC/XRY = 368.93488146 BTC or $4,253,819.18 USD

Given all that the developers have accomplished to date (software/system that works, listing on exchange and further software/concept development)...

Is that a low, fair or high valuation? (Answer for yourself.)

Draw your own conclusions from the math I have shared.  I am an investor - not an investment adviser.  I have come to my own conclusions.  You come to your own as well.

In my opinion, the ICO investors that are dumping coins for 10x-20x profits today will likely someday sincerely regret it!  I'll gladly take their spot on this train!

Dead coin? I think not - just some initial investor/investors jumping off the train...

I agree additional exchanges would be a real asset for this coin.  It needs more exposure to potential buyers.  The number of coins on the exchange was down this am.  There were a lot of buyers at 2 sats and some at 1 sat.

Clearly someone is selling massive amounts of XRY.  We could sit around here and hypothesize about who and why they sold all day.  The only one who knows the true reason why - is the seller.  Personally, I saw it as a buying opportunity.  The Royalties brand and image is appealing.  The existing software and system works.  I think the coin has potential in spite of this recent price flop.

I'm not excusing the developers absence - for certain we would all like to hear from him, but really - why should the developer have to report to this or any other board? (other than his foundation board)

This coin appears to me to still be working as designed.  The equipment that runs the coin block chain is still powered on and executing transactions.

Check out this video from August: https://www.youtube.com/watch?v=mMlz6gtRCsM  In it the developer clearly says that he is going to focus on coding.  Anyone actually stopped to think that is what he is doing?

My only advice to the developer is this - if you say you are going to do weekly, biweekly or monthly updates.  Put it on a calendar and do it please.  Or just simply don't make promises...

When the power switches OFF - I will know that I need to write this one OFF...  Until then...

 

MORE FUD

"no one will buy them again" - On what basis in reality is this statement made on?  I can answer that question for you - NONE.

"FUD: noun
fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage."

IF Royalties Foundation was no longer active in the project - would not the core equipment that manages the network "switch off"?  Has this happened yet?  I find it perplexing that a request for no additional FUD - leads to more FUD.

Maybe coin is death because its dump 800 to 1 satoshi & no new updates

Now unlocked 253 millions coins... On exchange 117 millions... Only 3 BTC for 92 millions coin now!
With this real supply coin go to be dead on Cryptopia... Coin need another BIG exchange - like Poloniex or Bittrex.
P.S. 150 millions on exchange. Sudden death!

nice, and keep them as a memory, because noone buy them again. good luck buyers!

buying all of them at 1 sat 

I agree with everything else you said apart from this.  If the dev team has abandoned , then there will be a high chance of no "say so" that it has done such thing.

% of coins in deposit is dropping, so these must be some high balance long term wallet holder that has had their deposit unlock

On November 11 there was 99.1113% of coins in circulation that were locked
Current is 98.6284 locked.  
0.4829% drop


Current circulation is 18447941337 of coins in circulation



That means that 8,908,510 has unlocked and not been locked 9-mining reward

(im sure this morning when i checked it was still in the 99% range for locked coins in circulation)

There is a much higher sell potential right now than buy potential as there is no marketing or discussion on this chain to get people interested.