The more I look at ziftrcoin, the more it resembles paycoin/paybase. All they need is a fascist forum and it will be almost a clone.
And by the way, that is the worst name for a coin I think I have ever seen, and there are some doozies out there.
Ziftrcoin is nothing like paycoin. Ziftrcoin guarantees a $1 value of your coins, for up to 5% of your order when your buying something from one of their vendors in their market.
Essentially if you buy something from one of the stores in their market, for $100 the vendor gives ziftr a 10% affiliate fee ($10) then they guarantee you at east $5 for the coins you use to buy the product. -- So even still ziftr is making $5 on each of those purchases, even if the value of the coin is $0
Which is a horrible incentive. Compared to paycoin guaranteeing $20 a coin it does not resemble xpy much.
Edit:
http://ziftrtalk.org/ looks like they already have a forum too. Just missing all the bagholders, but they'll be there in a month or two.
I don't know what you're talking about. Ziftr is almost an exact copy of paycoin/paybase.
The $1 floor is no different from the $20 floor GAW promised and GAW also threw merchant discounts in to the feature list.
Well apparently you don't know what your talking about either because it is not a $1 floor. it is a guarantee of $1 value up to 5% of your order when buying a product, not exchanging for usd or btc.
Wow you're right. Every time I dig deeper into Ziftr the more scammy it looks.
So basically there's no guarantee or minimum at $1 despite it being plastered all over the website.
Also notice how it says "Up to 5%"? So nobody should be surprised when they decide to only honor the $1 value for 0.0001% of your order.
So here's what I've gathered so far:
- Blatant lie about size of customer base ("existing user base of 2 million+ consumers")
- Blatant lie about merchant base. ("tens of thousands of merchants")
- Clear deception about "guaranteed" floor.
- Massive premine
- Coin comes packed with zero innovation
- Only value adding feature (5% discount) has already been done well by other companies. (Fatwallet, Purse.io)
How is this not a Garza scheme?
) and initially some idiots were paying more for the stakers than it would cost to buy the amount of XPY they would yield in their lifetime + the coin(s) in them. Probably still happening, they are not a real bright bunch over there. 
