Bitcoin Forum

What do you think about a coin having only 1,000 coins supply? scarcity works? check it out https://bitcointalk.org/index.php?topic=2044842.0

Token Description
Coin Name:Profit 1000 Token
Coin symbol: 1000
Coin decimals:18
Total supply:1000
ICO supply : 800
Team hold: 200
Rate : 1 ETH = 4 (Profit 1000 Token)

It definitely could work in theory. But other than coin # you need a lot of other stuff to make a new coin or ICO work. Youll atleast need a good

a) team
b) concept
c) roadmap

plus many others factors to make this a success. I think there was a coin called 300 the launched just now. Perhaps look to that to see if it could be a success. Currently trading at roughly $550 USD which is quite high

Number of coins really does not matter. What is important is total market.

I read the announcement. The roadmap is really funny. ''Add to exchanges''.
They claim that investors will get 1000x profit. But how? There is no plan, There is no idea and There is no concept or product. There is nothing to attract investors.
Hope to no one invest in such ICOs.

team holds 20% on a coin where the only innovation is moving a decimal point? Yeah go for it duuude!

There was coins like that in the past,99 coin,american silver eagle,some more,better to not buy becouse of low supply only

How can we display its details? I have never seen such limited supply before. If big investors come, this coin can find itself in the moon.

If you can read the smart contract please let the rest of us know the details  ;D

https://etherscan.io/address/0xc9ECAb309AEf735586F45413D0AEaA4aDCC4F654#readContract

I just had a look at the 300 token I didn't even know existed. The only purpose for it seems to be collecting it, kinda like a limited edition memorial coin.

When I saw the Profit 1000 token thread (https://bitcointalk.org/index.php?topic=2044842.0) I thought it was a joke. Apparently not.

Sure looks like a ponzi scheme, but then look at the 300 token..

.

You posted everything except the most important aspect, what is the purpose of yet another coin, if that coin has not a new purpose then it does not matter if there are only 1000 coins of it, or 100 or 10 the value of that coin is going to be very low.

There is no scarcity: 18 decimals means 1000000000000000000000 coins exist

hahahahhhaha dumb. :)

are trying to copy zedomax idea ( chaincoin )

1000 coins is a big supply compred with many other coins.
Ever heard about 42-coin ???
https://coinmarketcap.com/currencies/42-coin/
01 equal to 8600$ !!!!!

1000 or 1.000.000 coins doesn't matter itself, why do you choose such an amount of token supply? It must depend on a logical reason.

1000 coins but 18 decimals?  ???

It's a good point, 18 decimals just means you can subdivide the coin into 1 quintillion units ... that's 1 million trillion units. So 1,000 coins can mean nothing in scarcity context.

But look at Bitcoin and realise that very few transactions will go below 1,000 satoshi, or even 10,000 - not when fees are minimums of 1,000-3,000. This amount gets bigger even as price increases, so maybe decimals get less important as coin gets more useful.

18 decimals is to much, even total supply would be 1000 coin. What is sense in that case? I don't understand.

I will find out about this project to know more about the project ...

I'm not 100% sure of the above project, because if the users return 0.01 ETH will return back 10 ETH .. need to be balanced to go there.

1000 coin 1 ether 4 coin. From which you get the idea? I think it is good and very rare with only 1000coin fund.

I am not a prophet of doom but i am afraid to say that low supply does not determine the value of a coin but the project behind it, i will check the coin ann thread link and see if it is a good investments.

Nice catch, a coin that can subdivide as much is just hiding its true nature, if there was not way to subdivide the coin then we will talk about only being 1000 units of this coin but at the same time having coins that are extremely valuable will be a problem since it will be impossible to give change.

I agree with the preposteen. The amount of coins hardly says anything about a possible success. Other components that are already mentioned are important for a possible success. There is for example a quite successful coin (twentyfor), which is only available in a number of 24 and which is worth a few bitcoins per piece.