Topic: New coin No Limit Coin (NLC) will start in a few days. (Read 9894 times)

Official ANN

https://bitcointalk.org/index.php?topic=1606674.new;topicseen#new

Algo 256 SHA

Eth

Algo??

Registrations are continuing.

Here is our ad in Rotowire

http://www.rotowire.com/daily/

Hello NLC group.

We will launch NLC in a couple of days.

Registrations in the fantasy game are accelerating with the advertising and questions come in about "what is this NLC stuff". Love those emails. I gladly explain and then they run in. A complete section on crypto will explain what it is and have the NLC video there. If you have not registered, you should, lots of coin up for grabs and you can see the platform first hand. www.NoCostFantasySports.com  Register , build your team and enter the contests.

NLC

Wallet testing now.

https://www.dropbox.com/s/1cjhc1ax82ib0y6/Version%20DH1.png?dl=0

The top 12 holders of coin that want to prove it are the foundation. Foundation will vote for important decisions. One day I will hand the torch to another person as the code is good for 385 years. The foundation will vote for the head of the coin project after that. Founders are 14.1 % of total coin. Help me place all the coin this year, as fast as possible as that is when the flood gates will open for price movement. But now is the time to accumulate as we wont hold the price down, but will hold the .002 . So top 12 holders that will prove ownership are on the board with live video calls every month as a board, recorded and then posted. Go play fantasy sports. Go register at nocostfantasysports.com, play in the weekly million now and then the crypto site at the end of the week will give you 10,000 coin to register and have alot of contests with the coin. Wallet almost there. We will post your picture as part of the foundation if you do decide to reveal your holdings to the board and want to be on it.

This is like a casino. We need to print many chips for the players. We want the chips in circulation, but these chips (coins) trade openly and freely and if the market decides the project is solid, then the value goes up. If a casino did this and printed a limited amt of chips and then made these chips liquid and free floating value, those would be some casino chips. That is it. This is a way to go public with an asset using digital currency. There is no advantage or gain for us to create a scam, we are in this for the long haul. A 10 year mission, minimum. Most of the management reserve will not even stake and will be held in a cold storage trust. The only way this works is if it works of all. Its not a zero sum game, its a "the tide lifts all boats" game. There is no way to scam if you are totally on the level with everything. I'm also on the level that the competition is very big and Draft Kings and Fan Duel are huge, but we have something very special, crypto. So I hope there are fantasy players out there and if not, you can still get lucky and win a lot of coin in those weekly million contest, both for the free roll and the paid version. Free roll is for 500 or 1000 people, paid version you put in 5000 coin for a 1 M prize pool that pays top 10% and to prize is 20% or 200,000 coin. Top 50 people get paid and last 20 get a not shabby 10,000. We will make the coin liquid on day 1 at .002. ICO price .001. You could say this is a sort of corporate approach to block-chain technology implementation for a companies own use as a launching pad. You are not investing in a coin, you are investing in the full scenario that the proprietary game that needs the coin brings.

Here is a spreadsheet with a 25 year run of coin production with this model

https://docs.google.com/spreadsheets/d/1SN_yYdVKiS6RCUB4vZM43QYbgFG2W9aJlRmBxWhnbAM/edit?usp=sharing

It is a very controlled and known supply as well as controlled sales channels. Unlike countries that print and you dont know about it. We wanted to address the shock of a sudden halving of the rewards to miners and flatten out that curve over time. We halve by dropping 10% of the mined coin every year for 9 years and it halves by the 9th year. The controlled supply is the 3.5% of new coin produced per year at the start and 2.75% per year flat after the 9th year. The factors that affect the price of a coin is demand and offer. Even with the coin growth every year, the demand from the platforms and normal economic growth should pressure the coin to appreciate, even with the modest yearly coin growth the coin provides. The difference to unlimited printing of money by a country is this is set in stone. So the market knows the exact new coin growth rate for 385 years. So we do keep the sanctity of a controlled supply but there is no need to shock the miners with halving of reward overnight, and there is a need to reward stakeholders so thus the 2%. Our core wallets process the blockchain in exchange of the POS and helps the chain, without the huge drain on electricity a more environmental way to move the chain and reward to those who sit on the coin. 

No limit ? what the diffirent with unlimited printing money ? no controlled supply ?

Hello,

We do want to set up a video webinar with full participation so we will schedule that very soon. I will be happy to do a video hangout.

Regarding supply, it is the premine listed of 1,420,000,000 Coin. From this amount, all but 200 M that is the management reserve, will be sold via the fantasy game, the ICO, or through a daily sale of no more than 1 M x day until the supply is completely in the hands of the public. Management has invested over $500,000 into the game, so those 200M are less than half of the invested amount at ICO price.

We needed this premine amount because of the way this project is designed and as fantasy players will need the coin to play and because it is priced at .001 at ICO and then .002 USD at the game, it is not that much money, so we expect to place entire amount within one season. Once this is accomplished, the demand will continue, but supply will only grow at 2% per year for staked wallets, and 1.5% for miners, a total of 3.5% coin growth per year. Its a very small growth rate, as Bitcon is 4% now but was 16% when reward was 50, yet we start at 3.5% coin growth. So you may say it is unlimited coin, as we provide that fixed POS 2% and miners with a flat 1.5% of total in coin to mine. The logic is, how much are you willing to pay for your computer network (it is a commodity)? This is the way a coin needs to look at the new coin production rate, and if the number is to high, then the price may come under pressure from all the mined coin that is normally sold to pay for power and light and would hit the central fund. So coin does grow for ever, but at the 2.75% rate per year after year 9 to keep miners mining and staking wallets open to push the chain along yet its not a large number that causes downward pressure on price. Nobody can answer how Bitcoin miners will survive in 25 years. Meaning the mining incentive will be gone and transaction revenue is not there to pick up the full slack. This is why we concluded that the coin as a whole is "willing" to pay .075% of all coin to miners in exchange for a decent computer network.

This is a fantastic example of the use of blockchain technology. Fast, cheap and easy transactions. Meaning, we not only have the coin, but the place it will be used, the fantasy sports game that is ready to go. Yes the post is correct, we will be exposing many new people to cryptocurrency that have never used. Most people I talk to dont know about it, but as soon as you explain, people want in.  We are already talking to other online game operators so they can use our coin. The flip side of the coin is working with credit card companies. Its almost imposible, expensive, they hold your money 6 months. You can ever get out of the gate like this, but using CC is the dream scenario.

So fantasy players will be able to get their coin, play fantasy for crypto for the first time in history and cash out easily. This is our main goal. Sale to non fantasy players is welcome, but wont change the outcome related to the game itself. Its a unique case where demand for the coin will not just be speculation but actual transactions. The crypto fantasy sports version will be open for the whole world, also a first. No other NFL fantasy football platform allows play from other countries and there are many NFL fans around the world, so now Fantasy Sports for money opens up to the whole world.

I dont mind the skeptics, I actually welcome them as I think our plan is bullet proof and allows us to make our points better when some doubts are raised.

The key point here are: There is a platform that needs the coin, there is mined coin ready to be deployed, and liquidity at the exchanges.

Thanks to the supporters, and even the skeptics as it allows us to reiterate our project and make our point.

For any skeptics, please visit www.nocostfantasysports.com   This version will operate in all the states that have banned fantasy pay-to-play and we will be giving out small amounts of coin to players without a buy in. Our revenue will be ad based but exposing many to the coin also is a plus in the long run.

UNLIMITED SUPPLY - NO PRICE

No Limit Coin = Unlimited Supply ?

OMG this thread is so sad and full of promises that will never be true.  If I was on the default trust I would leave the OP some. This wont end well.

We just released one of 4 platforms, the first

www.nocostfantasysports.com

This version will operate freely in any state and country, but its focused on about 20 states that have implemented or banned DFS. So we enter these states with prizes divided in cash and NLC.

We are running a 1 million coin weekly tournament for a max of 500 players, pays top 50, even 50th gets 10,000, that's $20 dlls, at launch price but we dont expect the maximum to be reached for a few weeks, yet it pays top 50 places. Top prize is 200,000 NLC. Eventually we need to bump the total players to about 2000, since its all ad based. But we caped it at 500 this time.

You can register and create teams now and contests will be up soon. The  million weekly and a bunch of head to head contests and advertising will target the states that Draft Kings and Fan Duel cant operate in. These are the states with licensing or ban, which is where this version is targeting. Our revenue will come from advertising and exposure to the coin by many through fantasy sports play. Here are the states that we are targeting with this version

Alabama
Arizona
Delaware
Hawaii
Idaho
Illinois
Iowa
Louisiana
Montana
Nevada
New York
Texas
Vermont
Virginia
Washington  

Then 2 other games will go live www.nlfantasysports.com and www.nflstatchallenge.com , you can check them out already but they are not in final mode.

cryptofantasysports.com will go live at the end of the week along with the coin. We mined the first block and stopped, then the first few blocks are zero reward and then it starts the rewards right away

So bottom line is, you guys like crypto, and we are channeling a lot via the fantasy games. We still expect most to sell, and the amt we give away is relatively small, but its a great motivator as we have registrations already.

Regarding China, I was on a project in '12 with Qatar regarding bikes and went there and to China multiple times and certainly feel very connected to China as well as their dominance in the Crypto space. Here are some articles about the projects with Qatar and China I was involved with. We wrote the software app for this as well as the software for the tracking devices also made in China.

This is about an electric bike sharing system with solar powered stations.

https://www.dropbox.com/s/oypqtgzpxbcd15c/Q%20Press%20release%20Bike%20Share%20systeml.pdf?dl=0

https://www.dropbox.com/s/oixmogjomyc7p4o/Dubai%20Daily%20News%20Cover.pdf?dl=0

You shouldn't accuse and abuse anyone without proper evidence.This is a place to announce launch and other info of crypto, if you have any accusation,please use proper section

here is the website, but we are still not launched, as wallet is getting the final touches. www.nolimitcoin.org

We have a structured ANN ready but expect Thursday to post the new ANN and open pool and all links.