I don't think this is a good investment for folks, and have stated so already. But at the same time, some people did invest already in it, so there is a chance they can get their money back, if the dev at least does some things properly.

I see no point to going into troll/fud mode, when facts are all people really need.

This had to be FUD, but you never addressed it. I believe it was even mentioned more than once in this thread.

A proportional split of remaining coins probably would benefit investors more than the 1st option, and even more than destroying remaining ipo coins, since there will still be 80% of the coins left to be mined. Of course that is based on the idea the ipo won't sell out.

A couple of questions for the dev:

Is this a 100% premined coin? I saw references to 20% for ipo, 80% as a premine leftover. Some clarity there would be useful.

Why do you have coin bounties for certain things, when the ipo money supposedly was going to be used for this?


If you want more investors, you'll need to clarify some things. And again, I think a buy wall may be a necessity if you actually want the ipo to sell out at this point. There isn't simply enough trust (and I'll add, rightfully so), as several things look a bit on the shady side.

Oh, I'll take it, as it certainly is better than just stagnating, or worse. It just seemed really weird. Usually pumps like that occur on some news, even minor news. I am not sure how many were even aware of an upcoming announcement, nor if it even means anything. It could also be that the orderbook just lined up really nice for a bit of a pump. I expect as people move their coins off the exchange (which I guess many have already done), price movement will be a lot easier.  Hopefully the current floor will remain solid.

Although buy support is nice to see, to be honest I rather not see it occur quite like this. It appears very pumpy and out of nowhere. A bit of slower growth, or at least some real news to spur sales, would have made more sense than more than doubling in price (at least briefly) for seemingly no reason.

They should put that right up front on their main website as a banner. It's seemingly been their mindset from the beginning... hence the coin's current valuation. Ignore this site, ignore investors, ignore community suggestions/help offered, and, well, you get what you have now.

I think this is the first time I've read of someone complaining about a potential explosion in price with a coin. I do agree that organic price growth is best, and if whatever anonymous solution takes some time to be added, I expect it would be slow.

Also keep in mind an unsustainable explosion in price occurs quite often, with many, many coins, simply each time a news article comes out, or a coin goes on a new exchange. It's not like it can be avoided regardless, unless you it's a low volume type of coin with no price movement. Pumps are the domains of whales... it can't be controlled even if you try.

As for those saying businesses won't accept the coin, or anon features are evil, etc. Why not make it optional in the wallet? If you don't like that feature, simply don't use it.

If it's a truly unique solution, I think it's worth adding. Perhaps have it optional in the wallet. If it's just another mixer, or some grand plan that may work in theory, but nobody knows if it does in practice, I'd pass on it.

I think part of the problem isn't anonymity, just that there are too many coins trying to do it right now, and a lot of them appear to be scams or quick money grabs. They saw Drk shooting up, who I should add has been working on a solution for like half a year, and decided to tack on some anon feature which may or may not even exist. Coins said things like they'll add zerocoin functionality (while zerocoin doesn't exist), one stated they were adding DarkSend (not even opensourced yet), while some others have anon claims, but it's rather iffy if they even work.

So yeah, if it's just some generic solution a million other coins are using, and not better than existing coins, best to pass on it. If it's  a unique coding solution, sure, why not add it?

Yeah, wondered about that too. Figured a pump could occur when it got a bit closer in MP voting. #12 isn't bad at all, but it's not like it's going to shoot up to #1 tomorrow... unless a fat whale felt generous, that is.

Thought some pumps may occur when it hit MP #5 or better.

That's Bittrex, silly. People haven't moved their coins from the exchange to their wallets yet.

The value of the coin isn't quite so high to make purchases  at .000001 or however small. And requiring coin fragments for purchases has exactly hasn't stopped btc from being the main crypto used in commerce.

As for the IPO, yep, people will basically have to trust the devs to simply not run off with the money. XBC's original dev did that, and even in that case, the coin still went up like 40x. There are also 6 team members, and if the IPO money is split between them, it's not exactly like they can walk away rich. They'd be better off just working on the coin as planned and taking profits that way. As for IPO holders dumping at a certain point... yep, certainly possible. But it's no different than miners dumping at a certain point, really.

As for the coin being special, on a technical level I certainly agree with you. However, the team does seem to be active, they have some merchant stuff planned (we'll see how that pans out), and if they do just some of what they say they will with the ipo money, they can do quite a bit -- pay coders for mobile wallets, add special features to the wallet, set up merchant software and buy their way onto larger exchanges via voting if necessary (they already stated if necessary, they will do so).

As for an unfair distribution, it was an open ipo. Anyone could get in. You can say it's unequal based on the fact that whales may have more than poor people, but what coin is any different? I won't tell anyone to buy a coin, or go into 'rah rah' hype mode, but I'd think the positives outweigh the negatives.

I don't think 100K within 24hrs is reasonable. But assuming it hits larger exchanges, sure... very possible. At least in my opinion, anyway. 

From a purely technical standpoint, I am not sure if there is much that one can claim as especially unique about the coin currently. However, there appears to be good devs, a good team, merchants planned, a good wallet, possibility of anonymity being added,  and the ipo money to basically do anything they want -- including buying their way onto larger exchanges. Based on volume, this appears like it'll be unnecessary, however.

If you look at max coins and the potential for the coin, it does look undervalued, even at 3x ipo price. I'd think simply getting on larger exchanges would boost it several times current value, and that doesn't even count what the devs do.

Wow, that was fast. Glad I bought my coins earlier today. I probably would have gotten a bit more if some of my btc crumbs moved quicker... didn't expect the ipo to be over so soon.

As for valuation, the coin certainly should be worth more than it was priced at. At 1M or so coins, it can go up quite a bit, and still be a good buy.

Curious if the volume will keep up, as then other exchanges will be knocking on the door.

I tried getting one of my coins out earlier today (one of the freebie giveaway things), and it kept spitting back invalid messages. Anyone able to get anything out of that exchange today?

Ah, yeah, I'm an idiot. For some reason I figured this was like the polo ipo, where the market wasn't even functional yet. It'd probably help if I didn't have like three windows open at once and looked a bit closer.

It's still bizarre, but certainly possible.

Okay, weird question now.

I just checked the ipo to see how it was selling, and see some coins being sold below ipo prices. It wasn't many, but how is this even possible?

I believe they stated they will destroy any coins leftover after the ipo is over. But the way things are looking, it does appear they will sell out.

Counter with one word: Troll

If this was a single dev, I'd be more worried. But at 22.5 btc each, assuming the devs are professionals, or at least adults with regular jobs, it hardly makes them rich. They would be better off just working on the coin, as they stated, and taking profits from that.

I may have missed it, but will each ipo wallet have a viewable address, so people can see the funds?

I'm not especially bowled over by any coin specs, but if they do just some of what they say they will, the coin very well should be profitable. The fact they can buy their way onto bigger exchanges if needed + pay external coders for any work they may need, is a huge benefit. Of course that relies on a certain level of trust. It may be one of those coins worth putting some funds into, but not going too crazy about it.