Topic: New coin No Limit Coin (NLC) will start in a few days. - page 3. (Read 9896 times)

At 25 BTC per block that = 8.6% increase in supply for BTC x year. We will be lower than that. Now with BTC at 4.5% increase for the next 2 years this will be similar to our production but we are at 3.5% less than Bitcoin. So we are taking a conservative approach of low new coin into the system yet with the POS at 2% we can still pay to stake and compounding effect is impressive over the years even at 2%. We are going with 2%, but does anyone want to make a case for 1% on POS? It becomes even less coin into the system creating scarcity and price appreciation if the coin has real world demand on top of the speculative side.

Here is a spreadsheet with a 25 year run with a 1% POS and a 2% POS. This model would work when the miners dropping amount can keep them afloat, through value appreciation of the coin, yet the ratio of POS to POW in 20 years is 15:1 If we lower the POS to 1% it looks different.

Here are 2 spreadsheets,

https://www.dropbox.com/sh/fopp9959fm2l72n/AAA5VD2tafAbR7M4nTug0diRa?dl=0

Feel free to comment or FHYP (and buy in)

rg

price is 167 satoshi or .001 DLLS. Yes all of the above. Wallet with explorer in 90 languages 2 weeks away. ICO site also and I just rejected 4 logos. The reason this is so sudden was that we where supposed to do a deal with a coin that would provide a large base to use in our fantasy game. But that deal feel through as the foundation did not have the reserves for this. So We decided the path was our own coin. But its been a long time in terms of the discussions of what parameters to implement.

Here are the rejected logos, need to look good small and we had given a specific design, but he provided these. Nice, but not what we had discussed.

https://www.dropbox.com/sh/fpc7ldhai19pboz/AAAZ4EXqxWkVeHBla5sAqhMba?dl=0

In terms of price, if you take the full premine and multiply by the ICO price it properly reflects the value of the Fantasy Sports platform, and any premine not sold, remains out of circulation. It does not stake until it is sold. Also fantasy sports website will sell at these prices, so if you want to play fantasy with No Limit Coin you can buy at .002 dollars per unit in September. In Dec it will be .004. ICO price .001 You get a 4X before we hit the exchanges on January 7, play off day. That is when we see if .004 can hold, but 80% of the proceeds for the coin sale via fantasy and after the ICO will go to the stabilization fund of the coin and 20% to software development in the fantasy game and our derivative solutions we develop in-house for NLC.

ty

rg

Your coin price is too high or so expensive... Don't you have a plan to implement a signature campaign or translation for bounty? How about the wallet?

nailing down the numbers with intense discussions with the coding team and also my own struggle between deflationary and inflationary. With POS, comes inflationary as Emercoin has and NEM, we are starting the cycle at 1.5% of circulation for POW and 2% to POS, a total of 3.5% new coin produced year one. The ratio is 1.5:2 or 25% in favor of the stake, seems logical as capital is king and computers, are good, but capital is king, computers are the commodity. Now in order to incorporate deflationary pressures on the total units produced, POW drops by 10% per year or halved every 8 years. POS is fixed but POW is not, what happens is in 25 years the ratio of coin produced will be

Year 1 x month
2,366,667 POS
1,775,000 POW

ratio 1.3:1 POS

Year 10 x month
3,010,134
687,671

4.38 to 1

year 20 x month
3,706,718
239,776

15.51:1

This happens because POS is a flat 2% and POW drops 10% per year or halves every 8 years

See how the POS to POW ration explodes to more than 10:1 VS less than 2:1 year 1. So we do achieve this effect through the reduction of coin to miners. This means we prize the stake more than the work and it seems to get out of balance yet the model calls for a flat rate. We lowered to 2% and it seem to do a magic curve. When we plug in 2% for POS you have net loss of coin gain, meaning new coin production amount drops slightly every year for 10 years and then starts on the inflationary mode. First 10 years are deflationary and then it goes inflationary. The issue is that even with 2% and dropping POW reward 10% after 20 years the monster portion of benefit goes to the holders and leaves mining at high ratio. We want those wallets open and staking and allowing the chain to advance. POW model that deflates by 10% x year. We will leave 2% on POS and I will post the spreadsheets for comments later. Wallet will have 2FA and all languages. ICO site in the works as our teams are at full throttle now. ICO sales wont affect any part of the Fantasy launch, except if we do well on the ICO we can expand the reach of the fantasy games with more advertising etc. Some may know many states have banned DFS for money and we have seen this as a door opening and we will deploy NOCOSTFANTASYSPORTS.COM . We will give away real prizes and use advertising to generate some revenue to cover those markets, but we will also give away coin as prizes with large 100,000 or even 1 Million coin pools. Ratio of entries in free pools is much higher than when you pay to play to get the views to pay for the contests. We are also going with CRYPTOFANTASYSPORTS.COM RESERVED! H5!  This is the international cleanest of the clean versions. Pure crypto for payments. We are writing what is essence is our own verification system API in any coin that will be taken: BTC, ETH, GC, NLC, 4 coins with our sights on getting people to buy some of our coin with any of the mentioned or dollars. You just enter your TXID for the coin sent and we credit your account when we verify, but it goes to a person for final approval. The human portion can get automated but we wont at first but we can lift the cap over time on the ones an admin manually needs to check a box to some low number and slowly increase over time. Soccer, and the other big sports are waiting in the wings for us as the key to the growth in the coin will be expansion of user base through the real world application, online fantasy sports. Once we add the new sports then your demand for coin increases. With this model we are forced to improve on the 3.5% new coin creation to expand the capitalization base. This means we need to grow our fantasy player base faster than to that to achieve capitalization gains. Certainly the whole point is to bring in a large base of investors through this method of participating in a venture. There will be an affiliate program on the fantasy site and we will pay 20% of our net to affiliates for downline registration.

Thanks

Rafael Groswirt
Founder
No Limit Fantasy Sports,
www.nlfantasysports.com
No Limit Coin (NLC)

Algo is SHA 256 d.

Block size 2 MB
Block duration 2 Minutes

Preparing materials and websites will be ready in a few days.

My experience is that when people see it easy to buy into cryptocoin they fall in love with it. When they see on our site how BTC exploded and other coins can, I think people will buy in and we will make exchange on the site easy. If people play with dollars on our site, we still make money, so we are happy to offer the clients to play in any currency. In term of wall, that only applies to a specific formula on the down side. But I see the transparency and strategy as a positive for the coin, to declare the use of proceeds and in our case most of the cash goes right into the coin. By declaring the cash from the IPO goes to that fund, we remove the fear the coin can drop 90% overnight. Where else do we want the cash that is put in than to back the coin. We will use it so people can cash out if there is heavy purchase volume. This at least the first years, but once the coin matures then there is no force to move it, but the actual market and liquidity, but in the initial days and months, we must provide liquidity and credibility that the coin wont go off a cliff overnight. The way we will figure out the price targets will be a calculation based on the 3% POS interest by coin age and expected price. But at some point in the future, the coin will have to sustain itself. So this is just at first where volume may not be there and we want to provide liquidity to fantasy players as well as coin investors.  

Won't work.

As long as you can bet with fiat money, no one will jump through the extra hoop of buying a cryptocurrency they barely understand.

But, to be honest, I stopped reading at "we'll put up buy wally with the ICO money" or something.

Bad idea, bad execution.

By virtue of the price doubling on day 1, that is the best bounty so a bounty on top of doubling your value seems excessive, but asking never made anyone poor. If the value was up to the markets or we did not ratchet the price up as we are doing from .001 to .004 USD, I see that as important, but under our plan stakeholders can realize value, so here we are offering a guaranteed doubling on day 1 that you can cash out any day you want via our website in BTC or you can wait for that $1000 to become $4000 January 1. We are of course hopping that the balance of all of those operations does not have everyone cash in their coin at once. If we are successful with the ICO and the fantasy season, then there will be a % of people that wont want to "take profits" and let it ride. So if we do a good job up and down, then the market will hopefully push us up from the press and activity we have generated for the whole NFL season as well the cash reserves.

good luck to you

without any bounty?

All discussed prices have been in US Dollars. .001 of $1, so 1 million coin for $1000 dlls. 1000 coin per dolar.

Now I see how it looked crazy at BTC prices and I did not specify it was Dollars.

BTC price would be 0.00000167

167 Satoshis.
 

tomorrow we will do a details page and go deeper into the premine. ty

 prices are in dollars that I quoted. $1000 Dlls x 1 M coin .001 price or 1000 coin per dollar.

Algo?

Here is my linkedin

https://www.linkedin.com/in/rafaelgroswirt

Here is my patents page.

http://www.rgpatents.info/

I am a telecom guy but also mined with Cointerras as we all did one way or another.

I will soon put up videos and we will be as open and as public as possible. If you own 1 coin in this coin, you have a voice inside No Limit Fantasy Sports, LLC

If you play fantasy, buy some on the PRE IPO and play at half price.

Right before we go public on Playoff day, January 7, so in essence PRE ICO is now to the start of the season. Then ICO is the whole NFL season as it wont trade on exchanges and all we will do it accumulate cash. Then we spread it to Bitcoin and Dollars and probably ETH we use to set up real trade barriers. Now we expect and hope for price increase and we wont defend prices as they go up, the found wil defend at the save rate increase as the coin supply for a projected yearly appreciation minimum of 5%. So if we can grow at 5% x year and spend 5% on cost (staking and mining). We know people will want to cash and test the.

Premine will not affect the total numbers as founding block will not stake till we go public and unsold coin does not stake unless it has been sold. So if from the 100 Million first block we sell 1 million at .001 that = $1000 dlls cost. if nobody else purchased, those are the only ones that would be able to take into the launch of January 7, play-off day. Management premine will be explained in detail and you will see it represents the initial cash investment at no multiple, meaning at cost, so we are trading No Limit Fantasy Sports into this coin as the core and moving the value realization to the coin as it can project an asset 20 times. That is our number in terms of network stabilization fund. Whatever cash we have backing the coin, can be multiplied by 20 or the cash is a 5% margin on that multiple. $1M in cash should give us 10-20 M in capitalization. This is the foundation at work. we are also developing a deep cold vault storage wallet for long term perpetuality of something like this as it has no limit. It can go 1000 years unlike the pure BTC models that cant sustain on transactions alone, specially with the onset of EtH, suddenly its a new world. We will accept ETH inside the game so that means all that buying power comes to No Limit Fantasy Sports and sees NLC and we pitch NLC hard on the site and we now have the ETH buying power. The API we are wrtting in house is the most simple thing I have ever done and it seems to be the perfect "starter" way to take many coins with no hassle.  

I will introduce our backers from Mexico and show you some of their, our shall I put it "our" properties. The hotel now takes BTC and will soon take NLC also.

We will be in the all the major languages.

Joe, what is a translation bounties dev please?

 

votexcoin also had some platforms like yours, Google voice founder made that platform, and their ico price was also expensive, 0.001btc per coin, but still cheaper than you.

However, now the price is 0.00007, so it is 1/14 of ico price now. This kind of fixed rate ico must vanish. It is unfair.

The launch of the fantasy platform is non dependent on a successful ICO. Even if we dont sell a single coin via the ICO, the fantasy platform will launch. If a small amount of coin are in circulation, defending the price will be easy as we have a BTC30 fund for this. We must all realize we are up against Fan Duel and Draft Kings, so in order to compete, we need to bring innovation and this is it. No other fantasy platform in the USA takes BTC or any crypto and we will take 4. BTC, ETH, GC and NLC. We will run contests in any of the coin and people dont have to trade one for the other, yet that is what we hope for, but if they want to play in ETH, we will have contests that you enter with ETH and get paid ETH, and of course the fantasy platform takes its 10% cut, just like any other fantasy site. So now you get to play fantasy sports and at the same time speculate on Digital Money, both the incumbents and some new ones. Not a bad choice. We will be offering an API that will serve as a merchant API, and for any coin which offers a simple way to verify a transaction in any currency to the website using coin to pay for services. We plan a .1% fee for this in the future, but at first, the API will be free, thus offering a merchant solution to the coin out of the gate. Both for us as fantasy operators as well as any other merchant that want to take our coin or even BTC. API will be described in our websites.

The selling point is that it will have its own market without the needs for a speculation market. This means fantasy sports players will need to purchase the coin to play for large pools of the coin and thus making the coin very relevant. This is the big complaint out there. What is that coin or this coin for? In our case we will have guaranteed demand and through this process the fantasy players will be exposed to the coin and we hope many will decide to sit on them rather than cash them out. Of course they can cash them out and if you buy through the game and hold till the end of the season, you double your money, even if you dont play. We will cash out coin at .004 during all of December. So if you buy at the ICO price of .001 or at the start of the NFL season, at .002 you either can double or quadruple your purchase. Once the coin goes live on the exchanges, then it could spike, and it could fall, but for the fall, we will put up most of the ICO money raised as a barrier of price. 80% will be used for the fund and 20% will go towards development of all the other sports everyone wants, like Soccer and the other USA sports. Even cricket is on the list of sports do to. So you are essentially funding a fantasy sports venture through the coin. 80% of the money raised will be used to back the coin itself and 20% for software development of new games. I think it has great merits as it already has an important use, and that is to play the very popular Daily Fantasy Sports, and now you can play with any Crypto as we will take BTC, ETH, GC and NLC. The fantasy website will also take dollars but once people understand the potential of a newly minted coin that is launched with real world fundamentals and will mimic  the traditional growth patterns of the economies over hundreds of years and that is a 3% stake + 1.5 % mining growth. So this coin does not squeeze the coin to be produced in the future, so the appreciation will come from the success of the online fantasy games as well as demand for the coin. The fantasy game itself has a profit margin built into the contests, regardless of the currency of 10%-15% so this is what the fantasy platform operates on and will not rely on the proceeds of the sale of coins. For new development yes, but we have in-house software development as well as a full team in India that allows us to produce great software without massive outlays.

I dont see any selling points about this coin.

reason for this price is initial price at the fantasy platform is .002 and we will raise the price every month till it reaches .004 in Dec. Price will then be defended when coin hits the exchanges and the bigger the ICO sale, the more money will stand behind the coin as 80% will go to the stabilization fund. Investors have also pledged cash that will go toward that fund. Any unsold premine will stay in cold storage and it will not be part of the circulation or stake blocks. This means that any coin in circulation had a cost already. ICO price is .001, or half of the price when the fantasy season starts and 1/4 the price when it ends. You will be able to cash out via the game any time and not have to wait for the exchanges, so if you buy at .001 you can cash out with a guaranteed 4X return in Dec. Now once the coin is free, it can do alot of things, but we will use our funds to maintain a price floor of the .004

Prices at the start of the Fantasy Sports season will be 500 coin per dollar in September
prices in Dec will be listed at 250 units per dollar and that is the number we will defend or .004 with the stabilization fund as well as the pledged fund on top of the ríase.  

Statistics for the game itself will be released every month and it is our goal for this coin to be adopted by the fantasy sports industry, as well as any other that wants a coin that lives to perpetuity with 3% POS and 1.5% destined to mining. So only 4.5% of new coin will be produced every year and most of the premine will be sold for cash and if its not sold it stays in cold storage and cant stake for POS.