What the hell is asset backed coin? Number 10 on coinmarketcap? - page 2.

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

Quote from: nextgencoin on June 07, 2015, 01:35:11 PM

Quote from: spartak_t on June 07, 2015, 01:14:44 PM

Quote from: nextgencoin on June 07, 2015, 01:09:28 PM

Quote from: spartak_t on June 07, 2015, 12:59:44 PM

This one is funny indeed.

Yesterday I tweeted about it. Grin

http://twitter.com/FAILCommunity/status/607156739637702656

hahha.

Before I dismiss it though and please don't think I'm trying to push it but it seems like its related to YBcoin which actually does have a high marketcap AND volume on coinmarketcap. I don't like the dismiss something till I know for sure its junk.

They clearly state that @YBCoin is their official Twitter account. That is why it is included in the tweet.

Exactly so if they do actually have a successful coin then maybe this new 'asset' coin isn't a complete scam and maybe something is being lost in the translation.

How is that (lack of) distribution can possibly be considered anything but a scam? Having to trust the devs with that amount is pretty much a form of centralization.

nextgencoin

legendary

Activity: 1106

Merit: 1000

Quote from: spartak_t on June 07, 2015, 01:14:44 PM

Quote from: nextgencoin on June 07, 2015, 01:09:28 PM

Quote from: spartak_t on June 07, 2015, 12:59:44 PM

This one is funny indeed.

Yesterday I tweeted about it. Grin

http://twitter.com/FAILCommunity/status/607156739637702656

hahha.

Before I dismiss it though and please don't think I'm trying to push it but it seems like its related to YBcoin which actually does have a high marketcap AND volume on coinmarketcap. I don't like the dismiss something till I know for sure its junk.

They clearly state that @YBCoin is their official Twitter account. That is why it is included in the tweet.

Exactly so if they do actually have a successful coin then maybe this new 'asset' coin isn't a complete scam and maybe something is being lost in the translation.

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

Quote from: nextgencoin on June 07, 2015, 01:09:28 PM

Quote from: spartak_t on June 07, 2015, 12:59:44 PM

This one is funny indeed.

Yesterday I tweeted about it. Grin

http://twitter.com/FAILCommunity/status/607156739637702656

hahha.

Before I dismiss it though and please don't think I'm trying to push it but it seems like its related to YBcoin which actually does have a high marketcap AND volume on coinmarketcap. I don't like the dismiss something till I know for sure its junk.

They clearly state that @YBCoin is their official Twitter account. That is why it is included in the tweet.

nextgencoin

legendary

Activity: 1106

Merit: 1000

Quote from: spartak_t on June 07, 2015, 12:59:44 PM

This one is funny indeed.

Yesterday I tweeted about it. Grin

http://twitter.com/FAILCommunity/status/607156739637702656

hahha.

Before I dismiss it though and please don't think I'm trying to push it but it seems like its related to YBcoin which actually does have a high marketcap AND volume on coinmarketcap. I don't like the dismiss something till I know for sure its junk.

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

This one is funny indeed.

Yesterday I tweeted about it. Grin

http://twitter.com/FAILCommunity/status/607156739637702656

nextgencoin

legendary

Activity: 1106

Merit: 1000

Quote from: bathrobehero on June 07, 2015, 12:50:00 PM

$7,967,960 marketcap with $23 trade volume.

Shows nicely why marketcap is nothing but a useless number in crypto.

https://bitcointalksearch.org/topic/ann-asset-backed-coin-abc-1b-coins-no-new-supply-company-operation-1066093

Yeah I saw that. Have a look at the website, I do like the idea of a Chinese based coin though. IF anyone can produce a coin to rival even Bitcoin and have the volume to push it is China...even if this one is a complete scam.

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

$7,967,960 marketcap with $23 trade volume.

Shows nicely why marketcap is nothing but a useless number in crypto.

BCT thread: https://bitcointalksearch.org/topic/ann-asset-backed-coin-abc-1b-coins-no-new-supply-company-operation-1066093

50% (or 100%) premine coin:

Quote

Release and distribution

A): 50%: 500 million shares are held by the development and operation teams;
B): 30%: 300 million shares are reserved for the strategic investors in order to stay market-ready, and for an important strategic mergers and acquisitions;
C): 15%: 150 million shares are reserved for YBCoin exchange and integration of other Yuanbao virtual assets;
D): 5%: 50 million shares are reserved for distributing gifts, marketing and public relations activities.
____________________________________________________________________
100 %: 1.000.000.000 (one billion) shares

nextgencoin

legendary

Activity: 1106

Merit: 1000

I looked at the website, any thread here to learn more. A scam?

http://coinmarketcap.com/

Topic: What the hell is asset backed coin? Number 10 on coinmarketcap? - page 2. (Read 2136 times)