eMunie announced their IPO plan. two week open beta starting Feb 1, two week open beta2 Feb 15, two week IPO March 1, IPO closed March 15th
Everyone can purchase up to $10000 worth at ten cents each (or BTC or LTC equivalent)
More can be purchased by beta testers or if you email their investor address
eMunie feature set could have more than NXT feature set for approx 1 month period. eMunie takes a totally different approach by actively managing the price per EMU so that it will be within +/-5% of ten cents for an entire year. It won't matter what sort of demand and supply imbalance the crazy crypto market will have because there is a magic algorithm that solves what no fiat government has ever been able to do. Trust in Dan is the eMunie mantra
I believe emunie has a lot of good features and ideas and tech, but the entire premise could well be impossible to actually get working properly. Maybe they used supercomputers and modeled large scale simulations and all will be well.
How is an emunie investor going to make money? Here is the part that is unique, if more money comes in and the price stays the same, money is made by hatching. EMU is automatically created and distributed 50% to EMU holders and 50% to hatchers. So, an investors holdings gets diluted the more money comes in, but they participate in half of the increased money supply. I could not find info on hatching and how one controls it, but it seems like this is where the EMU creators will cash in bigtime. Using other people's money to start with and bringing in more other people's money and splitting it 50/50.
Create a super complicated system and there will be plenty of ways the creator of such a complicated system can make money. Disclose everything at the last minute (my guess around March 13th for whitepaper) and then nobody can complain that they didn't realize half of all new money coming in goes into EMU founder's pockets. Never mind that the presale is going on for weeks and weeks without full disclosure, those people didn't have to invest.
Have to applaud emunie in their marketing. It does seem to be quite effective and I would be extremely surprised if emunie was NOT in the top 10 on coinmarketcap as soon as IPO is done.
The big competitors for NXT will be emunie and DOGE. Do not laugh at DOGE, it is trading ten times as much as NXT in dollar volumes. Almost as much at LTC and a significant fraction of BTC trading. For those that think that marketing has no value and NXT does not need it, just take a look at DOGE's stats. Half the marketcap of NXT, ten times the trading volume. DOGE even has a bit of utility as it is used for tipping on the internet. Minimal functionality, maximum marketing.
Just imagine if NXT got maximum marketing. Please fund salascz's marketing plan. NXT is not alone in the second gen market, there is emunie, etherium on the content side and DOGE on the meme side.
Please fund salascz's marketing plan.
James
Implications :
1. No exchange will ever list Emunie because of the fixed price. So you will always need to come to Emunie to buy it.
2. Emuine's promise of stable exchange is entirely not viable. Dan has an assumption of Emuine's price never falls built in his model. Well I can't believe someone giving Emunie money for that kind of model.
3. People are crazy for IPO because people are dreaming of getting on the floor and getting rich someday. Ultimately, a product can succeed only if it can give normal people some functionality they need. All other things are noises.
4. I care much more about building a sustainable NXT's community than spending money on wasteful marketing which it not going to work if NXT is not a useful product.
