Specie, "na specie ri coin".
go to dig the earth
Topic: *** SPECIE ICO LIVE on YoBit *** (Read 3226 times)
Guys could you explain me what is ICO, really cant understand it.
I am seeing SPX but need to know what is happening.
I am seeing SPX but need to know what is happening.
Basically - a $6 infographic is bought from graphicriver.com such as http://graphicriver.net/item/business-timeline-infographics/10357190. Some assorted bullshit is written on the graphic using a torrented copy of photoshop or the like that sounds mildly interesting. A clone is made of an existing coin with varying degrees of alteration to the reward schedule and wallet. Then a deal is struck with yobit to sell the coin as an ICO. This is when the true magic starts.
The coin is premined and sold at a set price on yobit for a period of time. Generally, 75-80% of the buys are made by the dev himself. The other 20-25% are from the community. The dev pockets the BTC, including his own that was used to create a false sense of interest in the coin, and dumps into the sell wall and other buy orders. The portion of the community that actually bought into the ICO waits nervously for the price to rebound, which is doesn't, and sells at a drastic loss into the hands of either the dev or others that hold the coin with the intent to pump it at a later date once the ICO fiasco is forgotten.
rinse and repeat
Guys could you explain me what is ICO, really cant understand it.
I am seeing SPX but need to know what is happening.
I am seeing SPX but need to know what is happening.
Basically - a $6 infographic is bought from graphicriver.com such as http://graphicriver.net/item/business-timeline-infographics/10357190. Some assorted bullshit is written on the graphic using a torrented copy of photoshop or the like that sounds mildly interesting. A clone is made of an existing coin with varying degrees of alteration to the reward schedule and wallet. Then a deal is struck with yobit to sell the coin as an ICO. This is when the true magic starts.
The coin is premined and sold at a set price on yobit for a period of time. Generally, 75-80% of the buys are made by the dev himself. The other 20-25% are from the community. The dev pockets the BTC, including his own that was used to create a false sense of interest in the coin, and dumps into the sell wall and other buy orders. The portion of the community that actually bought into the ICO waits nervously for the price to rebound, which is doesn't, and sells at a drastic loss into the hands of either the dev or others that hold the coin with the intent to pump it at a later date once the ICO fiasco is forgotten.
I like the way you put this @ MantaMine! well said thanks for this kind of info
I will check back with this coin a week later after ICO if it's still around.
Guys could you explain me what is ICO, really cant understand it.
I am seeing SPX but need to know what is happening.
I am seeing SPX but need to know what is happening.
Basically - a $6 infographic is bought from graphicriver.com such as http://graphicriver.net/item/business-timeline-infographics/10357190. Some assorted bullshit is written on the graphic using a torrented copy of photoshop or the like that sounds mildly interesting. A clone is made of an existing coin with varying degrees of alteration to the reward schedule and wallet. Then a deal is struck with yobit to sell the coin as an ICO. This is when the true magic starts.
The coin is premined and sold at a set price on yobit for a period of time. Generally, 75-80% of the buys are made by the dev himself. The other 20-25% are from the community. The dev pockets the BTC, including his own that was used to create a false sense of interest in the coin, and dumps into the sell wall and other buy orders. The portion of the community that actually bought into the ICO waits nervously for the price to rebound, which is doesn't, and sells at a drastic loss into the hands of either the dev or others that hold the coin with the intent to pump it at a later date once the ICO fiasco is forgotten.
Yep thats a very good summary
I was told by few members there that the ICO doesnt worth to know( i insisted lol), i know few people want to "assign" the price of the coin that is there. Same was with dub, only one night was good and i was lucky to win 0.17$ lol, then it is not interesting coin now.(at the moment)
Guys could you explain me what is ICO, really cant understand it.
I am seeing SPX but need to know what is happening.
I am seeing SPX but need to know what is happening.
ICO is a method for transferring wealth. You send your btc and in return you get some worthless coins and a bunch of promises.
Thank you for explaining me, so it doesnt worth even to know this ICO lol.
Please stop opening threads it's confusing, I can't follow
Infographics are provided by our web designer.
Many of the details around Specie have been announced in previous posts.
Specie can be used with hardware wallets such as the SPXcard - https://bitcointalksearch.org/topic/specie-ann-spxcard-hardware-wallet-for-specie-1098863
Specie hardware staking appliances will be available soon (ahead of schedule) with development from community members - https://bitcointalksearch.org/topic/wts-pre-ann-spaker-hardware-staking-appliance-1100437
The Specie model is a sustainable hardware model that is simple.
9M coins is the total to ever be created but only 225K coins have been premined and are available for distribution. Specie is pure PoS at 5% so coin creation is slow and only by staking.
There are only 225K coins available and only 5% per year can be created but Staking Appliances (e.g. SPaker) and wallets (e.g. SPXcard) will be for sale for Specie. There a very limited supply of coins available but there is built in demand.
Many of the details around Specie have been announced in previous posts.
Specie can be used with hardware wallets such as the SPXcard - https://bitcointalksearch.org/topic/specie-ann-spxcard-hardware-wallet-for-specie-1098863
Specie hardware staking appliances will be available soon (ahead of schedule) with development from community members - https://bitcointalksearch.org/topic/wts-pre-ann-spaker-hardware-staking-appliance-1100437
The Specie model is a sustainable hardware model that is simple.
9M coins is the total to ever be created but only 225K coins have been premined and are available for distribution. Specie is pure PoS at 5% so coin creation is slow and only by staking.
There are only 225K coins available and only 5% per year can be created but Staking Appliances (e.g. SPaker) and wallets (e.g. SPXcard) will be for sale for Specie. There a very limited supply of coins available but there is built in demand.
225,000 coins with 100,000 or 44% used for the ico. You still have 56% of the total coin supply. You are keeping for yourself more than the total coins allocated for the ico. That is completely ridiculous. If you have a good explanation as to how that can be a good thing for anyone foolish enough to invest in this then please provide that explanation.
You never did answer some very simple questions in one of the other threads. When people won't answer a simple question while trying to get people to give them their money it is typically 100% scam.
The ico is for 44% of the 225,000 coins and you hold the other 56% of that 225,000 coins. You list bounties payed out for 33,000 coins so that leaves another 92,000 coins or 40% of the entire coins that you are free to dump as you please once the ico ends. On top of that you're intention is to sell currently nonexistent hardware and cards wallets yet you have nothing tangible just the same old promises used by every scamcoin that has come before you.
Have you ever heard of the Brooklyn Bridge? I'll sell it to you real cheap.
I'm some what confused... there is a ICO on Yobit for 11 BTC (total of 100,000 coins) and then i see this
225,000 premine??? So you have 100,000 coins for ICO + 225,000 premine? or another 25 BTC for free???
Thank you for bringing this up. We want to make sure there is clarification so people understand what we are trying to accomplish.
There is a total pre-mine of 225,000 SPX.
Of those 225,000 SPX, 100,000 are up for the ICO.
The remaining SPX distribution has been described in the OP, highlights include:
10K for logo
22K for website
1K for Block explorer
We have been giving away coins, pre selling coins and auctioning coins separate from the ICO quantity.
Other coins are being allocated to staking for network security purposes and future bounties.
Information specific to the ICO can be found in this dedicated thread:
https://bitcointalksearch.org/topic/specie-ico-live-on-yobit-1097668
There are only 225K coins total in existence (plus some staked) and the interest is only 5% so these are rare coins that we are distributing as widely as possible while still working towards our development goals.
Who claimed the bounties? And what about the other 92,000 coins which are 40% of the total coins. So basically your trying to sell 44% in the ico while keeping the other 56% of total coins. Totally ridiculous.
The ico is for 44% of the 225,000 coins and you hold the other 56% of that 225,000 coins. You list bounties payed out for 33,000 coins so that leaves another 92,000 coins or 40% of the entire coins that you are free to dump as you please once the ico ends. On top of that you're intention is to sell currently nonexistent hardware and cards wallets yet you have nothing tangible just the same old promises used by every scamcoin that has come before you.
Have you ever heard of the Brooklyn Bridge? I'll sell it to you real cheap.
Specie - The Coin of Coins ...
Ninja move coming up ...
Ninja move coming up ...
I'm some what confused... there is a ICO on Yobit for 11 BTC (total of 100,000 coins) and then i see this
Code:
Name: Specie
Symbol: SPX
PoS: 2.0 (PoS Only)
Total Coins: 9M SPX
[b]Premine: 2.5% (225,000SPX)[/b]
Yearly Interest: 5%
Block Time: 120 Seconds
Min stake age: 1 day, Max age: Unlimited
225,000 premine??? So you have 100,000 coins for ICO + 225,000 premine? or another 25 BTC for free???
Thank you for bringing this up. We want to make sure there is clarification so people understand what we are trying to accomplish.
There is a total pre-mine of 225,000 SPX.
Of those 225,000 SPX, 100,000 are up for the ICO.
The remaining SPX distribution has been described in the OP, highlights include:
10K for logo
22K for website
1K for Block explorer
We have been giving away coins, pre selling coins and auctioning coins separate from the ICO quantity.
Other coins are being allocated to staking for network security purposes and future bounties.
Information specific to the ICO can be found in this dedicated thread:
https://bitcointalksearch.org/topic/specie-ico-live-on-yobit-1097668
There are only 225K coins total in existence (plus some staked) and the interest is only 5% so these are rare coins that we are distributing as widely as possible while still working towards our development goals.
Who claimed the bounties? And what about the other 92,000 coins which are 40% of the total coins. So basically your trying to sell 44% in the ico while keeping the other 56% of total coins. Totally ridiculous.
Infographics are provided by our web designer.
Many of the details around Specie have been announced in previous posts.
Specie can be used with hardware wallets such as the SPXcard - https://bitcointalksearch.org/topic/specie-ann-spxcard-hardware-wallet-for-specie-1098863
Specie hardware staking appliances will be available soon (ahead of schedule) with development from community members - https://bitcointalksearch.org/topic/wts-pre-ann-spaker-hardware-staking-appliance-1100437
The Specie model is a sustainable hardware model that is simple.
9M coins is the total to ever be created but only 225K coins have been premined and are available for distribution. Specie is pure PoS at 5% so coin creation is slow and only by staking.
There are only 225K coins available and only 5% per year can be created but Staking Appliances (e.g. SPaker) and wallets (e.g. SPXcard) will be for sale for Specie. There a very limited supply of coins available but there is built in demand.
Many of the details around Specie have been announced in previous posts.
Specie can be used with hardware wallets such as the SPXcard - https://bitcointalksearch.org/topic/specie-ann-spxcard-hardware-wallet-for-specie-1098863
Specie hardware staking appliances will be available soon (ahead of schedule) with development from community members - https://bitcointalksearch.org/topic/wts-pre-ann-spaker-hardware-staking-appliance-1100437
The Specie model is a sustainable hardware model that is simple.
9M coins is the total to ever be created but only 225K coins have been premined and are available for distribution. Specie is pure PoS at 5% so coin creation is slow and only by staking.
There are only 225K coins available and only 5% per year can be created but Staking Appliances (e.g. SPaker) and wallets (e.g. SPXcard) will be for sale for Specie. There a very limited supply of coins available but there is built in demand.
9M coins is not 'rare'.
ICO shit
Guys could you explain me what is ICO, really cant understand it.
I am seeing SPX but need to know what is happening.
I am seeing SPX but need to know what is happening.
Basically - a $6 infographic is bought from graphicriver.com such as http://graphicriver.net/item/business-timeline-infographics/10357190. Some assorted bullshit is written on the graphic using a torrented copy of photoshop or the like that sounds mildly interesting. A clone is made of an existing coin with varying degrees of alteration to the reward schedule and wallet. Then a deal is struck with yobit to sell the coin as an ICO. This is when the true magic starts.
The coin is premined and sold at a set price on yobit for a period of time. Generally, 75-80% of the buys are made by the dev himself. The other 20-25% are from the community. The dev pockets the BTC, including his own that was used to create a false sense of interest in the coin, and dumps into the sell wall and other buy orders. The portion of the community that actually bought into the ICO waits nervously for the price to rebound, which is doesn't, and sells at a drastic loss into the hands of either the dev or others that hold the coin with the intent to pump it at a later date once the ICO fiasco is forgotten.
Yep thats a very good summary
speciecoin , I tell you in Italian : " mi fate senso ". the name isn't maximum.
Guys could you explain me what is ICO, really cant understand it.
I am seeing SPX but need to know what is happening.
I am seeing SPX but need to know what is happening.
Basically - a $6 infographic is bought from graphicriver.com such as http://graphicriver.net/item/business-timeline-infographics/10357190. Some assorted bullshit is written on the graphic using a torrented copy of photoshop or the like that sounds mildly interesting. A clone is made of an existing coin with varying degrees of alteration to the reward schedule and wallet. Then a deal is struck with yobit to sell the coin as an ICO. This is when the true magic starts.
The coin is premined and sold at a set price on yobit for a period of time. Generally, 75-80% of the buys are made by the dev himself. The other 20-25% are from the community. The dev pockets the BTC, including his own that was used to create a false sense of interest in the coin, and dumps into the sell wall and other buy orders. The portion of the community that actually bought into the ICO waits nervously for the price to rebound, which is doesn't, and sells at a drastic loss into the hands of either the dev or others that hold the coin with the intent to pump it at a later date once the ICO fiasco is forgotten.
Guys could you explain me what is ICO, really cant understand it.
I am seeing SPX but need to know what is happening.
I am seeing SPX but need to know what is happening.
ICO is a method for transferring wealth. You send your btc and in return you get some worthless coins and a bunch of promises.
Guys could you explain me what is ICO, really cant understand it.
I am seeing SPX but need to know what is happening.
I am seeing SPX but need to know what is happening.
The ICO ends on Sunday, the exact time is listed on the YoBit ICO page here:
http://yobit.net/en/ico/
We will be posting an update about the SPaker-P shortly and more information about the SPXcards.
Specie is designed to increase in value as we add more functionality to the Specie platform.
http://yobit.net/en/ico/
We will be posting an update about the SPaker-P shortly and more information about the SPXcards.
Specie is designed to increase in value as we add more functionality to the Specie platform.
Ah great, you removed my mention of a scam.
The ICO ends on Sunday, the exact time is listed on the YoBit ICO page here:
http://yobit.net/en/ico/
We will be posting an update about the SPaker-P shortly and more information about the SPXcards.
Specie is designed to increase in value as we add more functionality to the Specie platform.
http://yobit.net/en/ico/
We will be posting an update about the SPaker-P shortly and more information about the SPXcards.
Specie is designed to increase in value as we add more functionality to the Specie platform.
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