Case Study (Example)
Using CoffeeCoin (CFC2):
http://coinmarketcap.com/currencies/coffeecoin/ (with apologies if CoffeeCoin is not [currently] a
shitcoin in the true sense of the term)
Note the current available supply and market cap: 100,757,687 CFC2; $2,031 USD (respectively).
To accommodate as many altcoin miners of the myriad coins as possible,
ÇoinProLite will limit the percentage of each
SchitCoin's supply that'll be allowed to convert its
Schit to
CPL at 1% (at first, the percentage increased down the road dependent upon demand) per month.
At 1% of CoffeeCoin's market cap, miners (discouraging its devs) would be able to convert the maximum $20.31 (assume the market cap stays the same for illustration purposes only) worth of CFC2 to
CPL via
PoB during each 30 day period (or calendar month, TPD), receiving $27.63 (rounded up from $27.6216 [27.63 X 1.36]) worth of
CPL equating to 2,762
Ç (Ç = at least 1 US ¢ent/1 US penny/1¢, and always a whole counting number/integer, e.g., 1, 2, 3, etc., for those poor at math), of which represents a 136% return during the conversion process. In essence, for those stuck with CFC2 having no means to alter positions,
ÇoinProLite will take them off your hands at a 136% premium, with the caveat being that CoffeCoin's blockchain is functional.
For sake of example, let's assume we're only speaking of one person/entity desiring to convert 1,381,500 CFC2, valued at $20.31 USD, to $27.63 USD worth of
CPL or 2,763
Ç.
The Process:Step 1: Bob (Alice's main squeeze) enters his desire to convert 1,381,500 CFC2 to
CPL on
ÇoinProLite's
Getting Started (TBD/nonexistent) page. At this stage, Bob is NOT yet in the queue position where his request will be honored within 72 hours, nor does he have any of his precious CFC2 at risk. Bob's simply in line (pre-queue, if you will) awaiting the first available window to enter the official queue, of which the wait may vary, again, dependent upon demand, and at such time an immediate estimated time frame will be given to Bob if the wait is longer than 24 (perhaps 48) hours. Bob will be notified via the email address he provided 24 (36 or 48, TBD) hours prior him losing his queue position if he fails to act in time.
Step 2: Upon receiving an email, Bob is provided a link directed to a
ÇoinProLite page, whereupon he's able to transfer the full 1,381,500 CFC2, any percentage of said amount, or decline, but opting to get back in the pre-queue position. By not replying to the email in time, Bob's request will become null and void, having to reenter any future requests manually once again, sans any fear of penalties up to 6 (let's say) attempts within a 30 day (let's say) period, or something similar to make sure the system's not gamed.
Bob opts to follow through with the entire 1,381,500 CFC2 transfer, otherwise this example would be fucked, having to hunt down that slut, Alice, to provide an anew example.
Bob transfers his 1,381,500 CFC2 from his CoffeeCoin wallet address CeKj6Wx3G5jjz67xmzrkpR4S7wQxG9viiz (contrived CoffeeCoin wallet address) to the sole Proof-of-Burn (
PoB) CoffeeCoin wallet address that
ÇoinProLite has confirmed nobody will be able to withdraw the funds from (sans by a rouge dev of an altcoin), having an address akin to CcoinproliteXXXXXXXXXXXXXXXXXXUWLpVr, whereupon anybody can see that a
PoB has occurred.
Step 3: I pump the shit outta this ~$20 USD till it reaches a million bucks, then dump the entire project, moving on to develop a new coin. 
(and will even give a reach-around)
Within 72 hours max, Bob is award 2,762
Ç ($27.63 USD) to an already in-place
ÇoinProLite wallet address. Assuming at this point in time
CPL is formidably trading on various exchanges, Bob's now able to exit his position at any time depending upon if he feels the exchange rate at the time is favorable.
Step 4: Regardless of the exchange rate, Bob, being a gambler or an astute investor (pick one), opts NOT to immediately withdraw his 2,762
Ç, instead eyeing
ÇoinProLite's potential (if you don't realize that this clause is contrived, then may I suggest doubling down on whatever you're currently into), along with wanting to take advantage of the
PoS [-Stake] aspect that's provided.
Scenario 1: (taking advantage of the .5%/mo PoS option that kicks in after 90 days, and halving each subsequent year thereafter, prorated every 24 hours GMT, and all decimals always rounded up to next whole number regardless how minute, i.e., 3.0001 = 4)
- Exiting in less than 90 days: 2,762Ç available for withdraw
- Exiting just prior to 120 days: 2,790Ç available for withdraw
- Exiting just prior to 16 months: 2,928Ç available for withdraw
- Exiting at 19 months, 14 days, and 11 hours: 2,954Ç available for withdraw
The last scenario equates to a ~45% premium atop the initial $20.31 USD original deposited from something having a helluva less value than that. Granted, few may opt staying with
CPL for any extended period of time, possible moving outta such a position if they felt some exchange rate looked favorable, or for some other motive. But, if Bob were to stay holding
CPL during the latter example, his purchasing power would be worth no less than $29.54 (if I did the long-hand math correctly) when used on
Project Y's site.
Scenario 2: Exchanging for fiat, bitcoins or an alternative alt/crypto on some future exchange that trades
CPL when Bob desires to reposition his cryptocurrency stake(s).
Scenario 3: Bob opts to purchase $27.62 USD worth of
Project Y's
PY (actual ticker symbol withheld for the time being), of which it too will not be valued no less than 1 US ¢ent/1 US penny/1¢ and formally trading on formidable exchanges.
In turn,
PY will be the predominant payment option to acquire other cryptos that'll ONLY be exchanged on
Project Y's platform.
Step 5: After a trading spell, Bob opts to exit one, several or all of
Project Y's myriad cryptos. He's able to do so at anytime via
BTC, with the entire time Bob was trading since converting his
Schit, he never incurs a trading fee, whereas anybody else who enters
Project Y's arena via some other accepted currency, they will be assessed some nominal fee.
As I've mentioned before, the beauty of this entire endeavor lies in what
Project Y consist of.
That all said, any devs interested in developing what I have envisioned?
Bear in mind for you guys sitting on the sidelines, there's plenty of room for maneuverability if there's some aspects you'll like to see incorporated that I've failed to mention or thought of yet, but suffice to say this'll be built with your best interest in mind, along with as much transparency as possible, allowing you to even dictate the terms. Simply voice your opinion, whereupon a dialog will ensue to further the cause.
~Bruno Kucinskas
ÇoinProLite Takes Your Sçhit - Literally!
).
Sçhit in the morning... Someday this crypto mining's gonna end...>
