Well done to all those with the nerve to have held here.  I bailed some time ago but went into others (doge) and have hopes for some new coins.

Doge is most certainly driving the market here.  As others have posted, its given other coins room to breathe, people can of course shift money from doge or others that have moved into other established coins.  My advice would not to be complacent about the rise in value here.

Established coins, LTC, FTC etc will have stiff competition from Doge.  The coin that started as a bit of a joke is now a market driver.  Anyone dismissing Doge does so at their peril, if it starts to fall, so will others including LOT.  It may even become a new standard in ALTcoins above that of LTC, if it is not already close to doing so.

So a raffle then, not a lottery.

The primary use for any ALT coin is to turn them into btc or ltc and then into Euro/USD/GBP etc.

Why do people want the value of LOT to rise?  So they can gamble higher stakes?

Its value is measured against btc in turn against USD.  Lets say LOT was worth 0.00125 btc - or about $1.   Anyone holding 1m lot cannot walk into a Ferrari dealer and buy a new car with LOT.  They would trade it to BTC and then to the currency of their nation.   So while gambling and other games are fun, they do not drive a coins value.  They make it popular, and that is what drives its value.

That is correct, but this is not being run like a lottery, it's a raffle.

A grand total of just 3 people shared all the prizes this week. 

There needs to be some more rules / limits introduced to prevent abuse of this imho.  Its certainly looking far from random.

Just to give a comparison and show why I feel this is a good bet.

Closest match I can find would be TAG coin.  Block reward of 30, every 4 minutes. Total production 100,000,000. CRN has 33 every 3 minutes, but a lower total supply of 66,000,000 so all things considered pretty even.

TAG currently trades at around 0.0018 btc.

Some simple math and you can see why getting in in this early before it hits exchanges and more miners jump on is a pretty good idea.

I'll try and give some more away today.

The premine on this coin is tiny, and I mean tiny compared to any other premine coin.  Its 0.07%.  That's almost 30x smaller than most other premines.  Its one of the reasons that the smart investors or miners have been on this coin for days without a place to sell yet.

Another vote for Cryptonium CRN and Microcoin MRC.  Fair launches and either zero or 0.07% premine.  Fairest ALTs of recent time and both deserving of exchange status.

Open to offers for any amounts on CRN willing to sell up to 2000 CRN.

Listing on exchanges is great, but the rush to get coins in cryptsy is in my opinion not great.

Coins have traded nice and steady on other "lesser" exchanges, which have made for good training and steady growth.

As soon as a coin makes it onto cryptsy, the next step is for it to be picked up by coinwarz.  After that it gets hit by multipools and value gets pegged like every other coin.

Imho there should be no rush to get the coin on cryptsy, and it should be kept away from coinwarz for as long as humanly possible.

Let the coin grow slowly and steadily before trying to have it added to as many exchanges as possible.

More coins from me later today,  keep checking back

Sent

Laptop off for now, but I'll get some to you shortly

Should be with you too

Should be with you   

As yours was the next address, you got 5 CRN.


Ill do some more later, off out to look at a new car

Its deffinitely increasing either via the pool or network overall as payouts are maybe 10-15% lower on average now, so there must have been a corresponding increase in hash rate (mine has remianed pretty constant).  I can see there are now a few larger miners on the pool, so its certainly increasing.

All good stuff!

 

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Almost 40% increase in network hash rate in the 5 hours.  Gaining popularity and momentum.

Make sure to keep on top of the cryptsy request thread and perhaps email coinedup etc.   Christ, If Nicholas Cage Coin can be added to coinedup, then this coin is most certainly worthy!