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the ico will most likely be uncapped so you don't have to compete against other buyers.
the ico being uncapped would be a bad thing. very bad. |
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Awww yeah this one is free money boys.
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That is really exciting news seeing an upcoming ICO with those conversion rates.
I'll grab some more MNE now.
Before you get the MNE, reminer that it will take 60 YEARS to get all the ART you bought lol. |
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ICO announcement date WHEN?!
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Even if the increased mining difficulty would ensure you'd get 20 ART a day in the first years, there's still not al lot of incentive to invest IMO, as we hardly have any idea about the price per coin, and the exchanges it will be listed on. The great thing about the cryptomarket is that prices can climb with 1000% in a matter of weeks, yet with a genesis address and a fixed mining amount, that advantage becomes worthless. Hopefully, we'll be able to buy ART in bulk up front like minereum, otherwise it'd take years for an investor to break even, let alone make a profit from buying a genesis address.
Yeah man if they let you buy ART in bulk, I know what I'm doing with my MNE. Hopefully the price of MNE jumps before the ICO, to give us some insurance. |
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You make an interesting point, but don't forget that the Dev is planning to have a market to sell genesis addresses. So in essence, you could cash out any time before those 60 years.
To play devil's advocate: how much would an investor be willing to pay for the generic address, when the maturity date for the investment is sixity years? Even if your believe (as most of us do) that crypto currency is the way of the future, is ART going to be relevant for 60 years into the future? It's difficult to say yes with any certainty. Even now there are hundreds of other alt-coins flooding the market. Who would want to commit that long and buy the generic address at a high a price?
It's not important 1, 10 or 60 year. All investors are in the same conditions.
For example if we have 1 million tokens, 1 year and price 1$ after 1 month (total tokens 83k, market cap is 83k $),
then for 10 years period after 1 month we will have 10$ price (total tokens 8.3k, but market cap sure will be same 83k $ and price 10$ case in this case it's a rare token and low supply).
Just simple math.
Difference is only speed of price change cause inflation.
The real question in regards to supply is whether they decide to increase the algorithm difficulty as time goes on. It would be a much more ideal situation for the investors if you got ART mined at a decreased rate every month (such as bitcoin), that way you get more ART at the beginning when it is more valuable rather than the end when most people probably have moved on. This also makes the coin more scarce (increasing the coins value) as time goes on. A major reason for Bitcoins rise in price was the increasing algorithm difficulty along with a relatively small (21 million) maximum cap on total circulation. If we get the same amount of ART every month we mine it, it's bad news bears for those who bought at the ICO. It seems this wil be an fonctionality of art..yu can check this in wp. I'll check it out. Thanks. |
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You make an interesting point, but don't forget that the Dev is planning to have a market to sell genesis addresses. So in essence, you could cash out any time before those 60 years.
To play devil's advocate: how much would an investor be willing to pay for the generic address, when the maturity date for the investment is sixity years? Even if your believe (as most of us do) that crypto currency is the way of the future, is ART going to be relevant for 60 years into the future? It's difficult to say yes with any certainty. Even now there are hundreds of other alt-coins flooding the market. Who would want to commit that long and buy the generic address at a high a price?
It's not important 1, 10 or 60 year. All investors are in the same conditions.
For example if we have 1 million tokens, 1 year and price 1$ after 1 month (total tokens 83k, market cap is 83k $),
then for 10 years period after 1 month we will have 10$ price (total tokens 8.3k, but market cap sure will be same 83k $ and price 10$ case in this case it's a rare token and low supply).
Just simple math.
Difference is only speed of price change cause inflation.
The real question in regards to supply is whether they decide to increase the algorithm difficulty as time goes on. It would be a much more ideal situation for the investors if you got ART mined at a decreased rate every month (such as bitcoin), that way you get more ART at the beginning when it is more valuable rather than the end when most people probably have moved on. This also makes the coin more scarce (increasing the coins value) as time goes on. A major reason for Bitcoins rise in price was the increasing algorithm difficulty along with a relatively small (21 million) maximum cap on total circulation. If we get the same amount of ART every month we mine it, it's bad news bears for those who bought at the ICO. |
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any news when the ico will start in september? september is quite long it could be at the ands of the month ..
nah you can even check the ART twitter, its still to be announced. |
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Do not you want to save or invest your bitcoin for a long time? I mean for years to come.
Bitcoin is screwed in the long term. All it has now is a huge brand name, but with more innovative coins such as Bitcoin Cash and Ethereum it's only a matter of time before the head is on the chopping block. |
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so invest 1 ETH to this project ,and i will get 1000 ART...in 60 year? that is joke ....... 60 years is very long time. maybe 6 years is good. think about it . and 1 eth = 1000 art is so low rate ..change it to 1 eth = 100000 is better . So it takes you 60 years to extract all the value out of the ART coins bought during the IPO? And MNE will become obsolete and next to worthless as a coin when the IPO hits. Welp sounds like the best idea is to wait a day before the IPO and dump all of your MNE onto the market. That is unless ART somehow has a strong enough return to justify a 60 year payout window, which is highly unlikely. Hopefully there is a strong rally before the unannounced IPO, otherwise its gonna be a long time till we get our return on investment. i think art will be great and more liquid because you can buy genesis address..also MNE will not die it is always first contract mining and mne will be burned after ICO and with token creation. MNE can hit 30$ before ico so more peoples will know MNE..this is good for MNE and ART promo. Okay this makes sense, MNE will at least still have some value after the ICO hits. Thanks. |
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What's I IPo? Lol... And after all the MNE coins will the burned the value should increase as the supply with be much less Whoops meant ICO instead of IPO. Yes all the MNE will be burned, but ART is being sold as "Version 2.0 of Minereum". Why would anyone want to hold onto an outdated version of Artemine, I can't really see the value of that. Are the developers planning on doing anything with MNE after ART makes it debut? I'm thinking the answer is no, so I can't see any real purpose to hodling even if the supply is burned. But I sincerely hope you prove me wrong. |
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so invest 1 ETH to this project ,and i will get 1000 ART...in 60 year? that is joke ....... 60 years is very long time. maybe 6 years is good. think about it . and 1 eth = 1000 art is so low rate ..change it to 1 eth = 100000 is better . So it takes you 60 years to extract all the value out of the ART coins bought during the IPO? And MNE will become obsolete and next to worthless as a coin when the IPO hits. Welp sounds like the best idea is to wait a day before the IPO and dump all of your MNE onto the market. That is unless ART somehow has a strong enough return to justify a 60 year payout window, which is highly unlikely. Hopefully there is a strong rally before the unannounced IPO, otherwise its gonna be a long time till we get our return on investment. |
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