Topic: [PROC]-ProCurrency-| Pro Rewards |~ V1.3.6 BR - Minimum Version - page 85. (Read 140063 times)

Hello,

I see people have been wondering the purpose of 15 billion of coins. Here are some very simple reasons briefly explained;

1. We find that for the masses, having a larger amount of coins instead of dividing coins into minor parts; like mbtc or even satoshis is an easier to use alternative to fiat currency.  We like this approach because it makes more sense to buy goods and services for 20 PROs instead of 0.015413 BTC. This will simplify the user experience for them as they are used to using fiat.

2. We are not aiming to disrupt one industry, we are aiming to disrupt commerce itself. Taking into consideration a GLOBAL market and not just a CRYPTOCURRENCY market this will be a better fit to meet the demand of this exchange of services and goods. Also, cryptocurrency is currently only at 18 Billion total market cap. Commerce is over TRILLION dollar movement of value. Even with just a 1% disruption, this will add 15-20 Billion dollars to cryptocurrency market. Not just PRO, but the leading cryptocurrencies as well.

3. Our applications are designed to bring the masses by incentivizing them to use and share our apps. So the apps will need to have a substantial amount of coins to meet the demand of users.
However, users will not be eligible for multiple rewards. So the coins will be diversely distributed worldwide.


These are just a few reasons why 15 billion is imperative for this specific project. Keep in mind that our vision does not follow a conventional and systematic ICO model. So we welcome you to see this project from a different set of eyes other than the traditional concepts of our beloved ICO projects.
More information will be in detailed in our Whitepaper.

Quick note: I received more notices mentioning that PRO team members are offering coins at a discount rate. PRO Team members will never ask for BTC or any form of payment for PRO other than what is listed in the Escrow Agreement. PLEASE always refer to our official website, email or announcement thread for official procedures. Stay safe and thank you for your support!

Best regards,
Patriarch

75 Billion won't be reached until a long time from now.
Of course it will, you are referring to a limited user base on those exchanges.

It is systematically combined to release coins based on the amount of users. So market will never flood unless more users are coming in. No users = no coins released.
And no we will not have control of these coins.
These users will most likely buy and trade other cryptocurrencies.

How do you expect investors will make any money from this ICO? You think these prices will be sustainable on the exchanges?

15 Billion is not Max supply.

It will be somewhere around 75 Billion.

And for that you need 99% of the supply? This isn't something i can support 

3. Our applications are designed to bring the masses by incentivizing them to use and share our apps. So the apps will need to have a substantial amount of coins to meet the demand of users.
However, users will not be eligible for multiple rewards. So the coins will be diversely distributed worldwide.

I know that Coinmarketcap shows it that way. But that doesn't change the facts I've tried to explain above. Imagine it this way:

You start a project. And let's say that you are really a great CEO and Coder and totally honest - but there is nothing else yet than an idea. You sell the idea for 0.1% of the total supply. The rest is under your control or in escrow, will be released when you reach certain milestones.
The total supply is valued at about $500 million.

The 0.1% is the available supply that is on the market.

Since you are a great coder and you hired other great guys you meet those milestones over time and of course: You need funding and you want to distribute the currency. So you sell - maybe in additional ICO's. But if your first ICO already had a price as if the project already would be worth half a billion dollar - where should be room to make profit for your Investors? It will need years of perfect development and marketing and work in all aspects to get a project to such a valuation.  

But the problem is: Even if you would be the best coder and the most honest person - people can't possibly know if that is really the case until you prove it over time. But the decision to make such an ICO would already prove the opposite. It would show that you have no understanding. It's not possible that people will adopt a 99.9% premine-cryptocurrency! That wouldn't even be possible if the price would be a fraction of what it is now! And there is also no reason for another central-bank-illness! Cryptocurrencies are not about central-control - it's about the opposite!

And just to avoid misunderstandings: I'm not talking about you here - that's what this project is about. They have no clue!  


This project has zero chance and I'm not guessing! It's a fact!

And because your question about Neucoin:

This was my prediction right after launch end of Sept 15:



This is the chart:




It's dead... And btw, Neucoin-Investors also called me a troll while I just outlined the facts. And Neucoin was much bigger than this project. Even the Doge-Inventor Jackson Palmer promoted it and the Founder of Neucoin was the Millionair behind Candy-Crush.

I went to the website and saw.

1. 15 Billion coins offered in the ICO
2. ICO price $0.03

Therefore 15 Billion multiplied by $0.03  is $450,000,000.00    

For real??

15 Billion Coins will not be in circulation.
This will take anywhere from 7-15 years to happen and ONLY with the development of a viable product.
Only coins in circulation will be the coins sold in ICO, and those given out by our Coin Back Reward App.
This App will not hand out coins by the millions, so even this app will take years before for it to runs out of coins.
With this compelling App, and the ability to receive coins back from retailers like Amazon, Best Buy, Target and more, we do not have a single doubt that this will have an impact on mainstream commerce.

I understand documentation is being asked of us, we are putting the last touches as we speak. This should be out today or tomorrow. Team is working around the clock to put everything together, sometimes 20 hour days. Please have patience as we fine tune everything.
Please remember that development of QT, Modern, Electrum, and the Coin Back Reward App is going to be done by distribution day. I will be more than happy to refund EVERYBODY if this is not met.

For more questions, concerns and direct contact with us, please join us on Slack @

procommerce.slack.com

OK, I find this coin has good escrows, but it need more technical details, some people already asked why 15 billion coin has so expensive ICO price, Patrick please answer it.

OK, I find this coin has good escrows, but it need more technical details, some people already asked why 15 billion coin has so expensive ICO price, Patrick please answer it.

any update spreadsheet for signature campaign sir?
my name does not exist in the old spreadsheet..