So will there be any changes after a lot of displeasure shown by people?
As I mentioned we'll be reviewing the reward schedule and there will almost certainly be a change there. I think many of the other miscalculations and misinformation that was posted by others in earlier pages has been clarified at this point. Yes a lot of general fud but also some genuine concern. I really wish the total supply be cut in half. The mining rewards be tweaked so they dont impact early risk takers No. Just leave it as it is. Early risk takers or not, this is a coin where you hold for a long time for profit. ofcourse its fud and so is your post. "long time for profit" huh re-evaluate mate. you stand to make 10x profit on launch ,not guaranteed but based on previous coins with innovation it can. not talking a overnight thing but it will and im not talking months and as businesses look to syscoin, your talking cementing its position in the top 10. the mistake people will make is holding this coin for short period and they will just watch rise and rise. ipo price will not be seen again. Stop randomly generating numbers. The rule of investing is "that past performance does not guarantee future results".(Source: http://www.sec.gov/rules/final/33-8294.htm) Other coins may have risen 10x, but that doesn't mean every coin will. You want people to be smart with their money and only invest what they want to lose. I'm saying that the real value of Syscoin; block chain market; smart contracts; will take time to attract users. And once we have people using it, thats when the profit is. So that is why it is a long term play. Once the coin launches in 3 weeks, you are expecting to make 10x without any of the core features of syscoin being used yet? Stop encouraging a pump and dump. Appreciate the coin for the technology regardless of profit or not and just hold. Speculators do nothing for coins and are harmful. You want supporters that have a vested interest that actually contribute to the coin. http://altcoinherald.com/brand-new-altcoins-can-really-burn-investors/quote where i said guarantee it will rise like i said. im goin based on other coins as you can only predict the future based on the past. ofcourse there is no guarantee but there is no guarantee your theory is correct either. i've been trading coins long enough to know what could happen. innovations are welcomed by crypto, especially when they implemented, look at how crypt coin rose when they just released a whitepaper. that was words we will be releasing real features. the release of the features builds confidence with investors, look at dark coin, is it even being used by marketplace's yet, no. look at xc is that, no. so why are there cap so high, care to answer because it has real features not just words. once features are released your fud cannot stop this. coins are held by moolah. other coins when they do ipo they launch either saying give dev the btc or have to find a escrow when they launched. dev have prepared well for the coin and launched at the right time assessing the time for the projects to be testing to be released to us, also moolah has stated dev will need to release the features stated in ann (4 features). they ain't just releasing just a wallet and that is it. dev has been working for months on it and is launching at the right time. i would understand all this fud if the coin was already launched, our btc already invested where we could lose the coins if dev does not deliver, but name me another coin that launched with the tech prepared. |
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So will there be any changes after a lot of displeasure shown by people?
As I mentioned we'll be reviewing the reward schedule and there will almost certainly be a change there. I think many of the other miscalculations and misinformation that was posted by others in earlier pages has been clarified at this point. Yes a lot of general fud but also some genuine concern. I really wish the total supply be cut in half. The mining rewards be tweaked so they dont impact early risk takers No. Just leave it as it is. Early risk takers or not, this is a coin where you hold for a long time for profit. ofcourse its fud and so is your post. "long time for profit" huh re-evaluate mate. you stand to make 10x profit on launch ,not guaranteed but based on previous coins with innovation it can. not talking a overnight thing but it will and im not talking months and as businesses look to syscoin, your talking cementing its position in the top 10. the mistake people will make is holding this coin for short period and they will just watch rise and rise. ipo price will not be seen again. |
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fork will go smoothly, any details on plans after fork
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For the purposes of transparency to the rest of those posting here I am now actively DELETING posts made by user "Soul_eater_123" as they are now just spam at this point. This user failed to read the terms of the presale and is now trying to ruin our presale because of it. I'm sure I'll miss one or two where he says I'm a lying scammer or something of that nature (which is of course a complete lie). They are always welcome to contact me directly.
I apologize to other presale investors who may have legitimate questions and are being interrupted by this user. Thanks for your patience. This is why this topic is self-moderated.
+1 |
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the reason why refunds cannot be made is because its extra work. why invest if you wanted a refund. is it dev fault you can't read. nothing on the terms or info has not changed, so you will not get it. stop spreading lies.
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now that is FUD, how are you saying wallets are in syscoin control, when wallets are generated by moolah on their exchange also, moolah has confirmed by posting here that coins are with them. dev needs to talk to them if they want access to BTC. you do know what a escrow is right?
That's what Moolah told me themselves. I think they would know better than you. well the user slex is moolah on bitcointalk and he told me cannot refund the coins only if dev does not deliver moolah will refund users, so explain to me how moolah will refund if syscoin has coins. stop spreading lies. your posts deserve to be deleted |
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I'm sorry but you did not make it clear at launch that anyone buying into the presale will have no real advantage over anyone buying later. If anything buying into it in the presale means that you take on the risk of failure with insufficient payoff to compensate for that. I will see if Moolah have better customer service. Had you made this clear at the start of the presale I wouldn't have bought in. Also deleting my messages and your defensive response is pretty much making it clear that this is not a coin to invest in.
how is it not a advantage, features have not yet been released. what do you think will happen when they are. its not a whitepaper its actual working features. there are many type of investors some take risk some wait for the real stuff to come out, they are whales, whales will eat this up once coins are out. look at drk, xc. even though it rose from 1700 to 100k, you saw the size of buys there right, why because it had the features working. this will be similar situation here. i would recommend for dev to release features once ipo is closed, also how is it risk, if dev does not deliver we get coins back. btc is by moolah not dev Actually I've just spoken to Moolah. They say it is completely out of their control and Syscoin have control of all the wallets etc - so only they can issue refunds. It just gets WORSE. now that is FUD, how are you saying wallets are in syscoin control, when wallets are generated by moolah on their exchange also, moolah has confirmed by posting here that coins are with them. dev needs to talk to them if they want access to BTC. you do know what a escrow is right? you might as well leave now, you lose all credibility with that post. you are here to fud |
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I'm sorry but you did not make it clear at launch that anyone buying into the presale will have no real advantage over anyone buying later. If anything buying into it in the presale means that you take on the risk of failure with insufficient payoff to compensate for that. I will see if Moolah have better customer service. Had you made this clear at the start of the presale I wouldn't have bought in. Also deleting my messages and your defensive response is pretty much making it clear that this is not a coin to invest in.
how is it not a advantage, features have not yet been released. what do you think will happen when they are. its not a whitepaper its actual working features. there are many type of investors some take risk some wait for the real stuff to come out, they are whales, whales will eat this up once coins are out. look at drk, xc. even though it rose from 1700 to 100k, you saw the size of buys there right, why because it had the features working. this will be similar situation here. i would recommend for dev to release features once ipo is closed, also how is it risk, if dev does not deliver we get coins back. btc is by moolah not dev |
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A few observations:
The general consensus around here appears to be that the IPO is overpriced. I personally feel the price is decent, but could definitely use a bit more room for growth one way or another (by reducing max coins is an interesting idea). However, the appearance of the IPO being overpriced is not good; it means investors are scared to take a chance with Syscoin and the momentum is instantly killed from all the pricing FUD (see how the IPO investments have slowed). Because of this, I think it's imperative the devs make a change to something in regards to the coin to make investors feel a bit more comfortable in giving Syscoin a shot, or else the coin will come flopping out the gate at launch day with zero momentum due to the general negative air surrounding the price. If there's one thing a new coin needs to succeed right off the bat, it's a happy and enthusiastic community but unfortunately I'm not seeing much positive talk around here at all since the price was released.
Well I am not sure I agree about momentum. 190BTC in less than 48 hours is pretty good in my book. As for the actual pre-sale price, I dont think its priced too high at all. Again looking at the figures with the existing feature set in mind, it is priced just about right.. Again I want to be clear, we have NOT priced this for a quick P/D, if that is what you want there are plenty of ****coins around. Also we ARE still looking at the mining data on our own testnet and we will be coming out with some news on that shortly. What do you call ****coins? VIA? CRYPTI? All good coins with a way better IPO. most of the investors are cool with the price. the price can stay the same. no need to listen to these investors who want to make a quick buck. if they think $944k is too high they can go invest elsewhere. this coin is something new and refreshing to the crypto community. i see this having a market cap of $10million once features are launched. we have got 185btc already so we definitly have the interest. the only reason why its not more is because launch date is further down the line yet. people will invest as it comes to that date, so people can whine all they want about the price, but the fact is on launch our cap will be $944k with the features so that will shoot up. i would prefer a 1 billion cap, same price same amount of max coins in ipo. |
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this is a runaway train not gonna stop. things will move fast here. people talking about $944k market cap too high, look at other coins with new features how they rose. at the moment people could say no features yet etc. when they are out and working you will see it go up, plus we will get more details on their partners.
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I prefer to mine this coin instead of buying in pre-sale, it's too expensive!!!
There are 2 billion coins, IPO price is 465 sats and 518 sats, let's say 490 in average, the market cap will be 2 billion * 490 sats = 9800 BTC, it's too big for a new coin!
If you set a lower fixed price in IPO phase, you can raise more BTCs in pre-sale, it's good for investor,miners and you DEV team, really don't know how the high price is finalized!!
These numbers also give me pause. They exceed Vericoin's and XC's market caps and approach those of Blackcoin, Counterparty, Mastercoin and Monero's. It isn't to say that these marketcap levels aren't achievable by Syscoin, but the question for investors is what kind of room does that leave for growth and a return on our investment? Doesn't seem to leave much, unless I'm missing something - would appreciate it if devs could address this concern on pricing. maybe reduce coins but dev do not reduce price The higher the IPO price, the lower the potential return (and higher the potential risk) to investors, all things being equal. If reducing the number of coins means increasing the % of outstanding coins (of market cap) that investors ultimately end up getting, that would certainly help make this a better deal for investors. investors want price lower to make a quick buck. those buying at these prices see a future for the coin. lower price will cause dump. sorry price should stay the same, only short termer's want it lower. as for the return on the coin, with our features the market cap will way higher from where we are. you want a lower price you can wait, but it will only go up. remember features will be launched when ipo closed, so those waiting on sidelines, will just end up buying higher once features are out. no price reduction only coin reduction |
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I prefer to mine this coin instead of buying in pre-sale, it's too expensive!!!
There are 2 billion coins, IPO price is 465 sats and 518 sats, let's say 490 in average, the market cap will be 2 billion * 490 sats = 9800 BTC, it's too big for a new coin!
If you set a lower fixed price in IPO phase, you can raise more BTCs in pre-sale, it's good for investor,miners and you DEV team, really don't know how the high price is finalized!!
These numbers also give me pause. They exceed Vericoin's and XC's market caps and approach those of Blackcoin, Counterparty, Mastercoin and Monero's. It isn't to say that these marketcap levels aren't achievable by Syscoin, but the question for investors is what kind of room does that leave for growth and a return on our investment? Doesn't seem to leave much, unless I'm missing something - would appreciate it if devs could address this concern on pricing. maybe reduce coins but dev do not reduce price |
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Developers were very smart to price the IPO so high that it eliminates any potential short term pumping and dumping. Likely this won't occur and you need to hold the coin long term. This IPO is not for people that wants to make a quick buck and this should be posted in the OP.
But you can't prevent the miners from dumping and you can't prevent people from buying again only 8btc of dumping a day not all miners dump. seriously if you feel threatened by 8btc hahaha |
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escrow arrangement with moolah.io is okay. but follow up listing in other exchanges. otherwise it will have the same fate as FIMK/dgex
Already been answered, we cant stop and wont try to stop other exchanges from listing us. Most likely bittrex or poloniex will add it pretty much as soon as its launched , quite possibly both of them. similar to what happened to via coin, if it required coding into the exchange with unique code like the likes of qora or something then it would take more time but i would bet on it being added to 1 or both immediately on release
and mintpal too.. hey why not mail these exchanges and add the coin on launch to these exchanges? Exactly, any exchange can add us after launch, we aren't coded into the exchange. We aren't reaching out to other exchanges right now because we're working with Moolah as a real partner. While they are adding us to their various platforms we're also going to work with them to see how we can use the features Syscoin provides coupled with their platform offerings to develop new services for the crypto and mainstream markets. I'm sure other exchanges will add Syscoin eventually as well. i didn't hear of moolah until syscoin, i prefer it, i think it could be the leader one day. some things need to be tweaked, but it awesome its not only a exchange |
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agree, its just some people expecting a dump to happen because the price is too high for 2billion coins, but they are not understanding there will not be 2 billion at launch only how much ipo is bought. they can wait 20 years when 2 billion are mined.
It will take 8 BTC buying everyday to sustain the IPO prices, leave gaining anything. Go check the math, dont be a fanboy Not everyday, at the current reward schedule its for 15 days only. As I have said already we are still looking at this and it is subject to change. Keep it as it is. Investors bought into it with the information currently given. We are the people that made the decision with our BTC already. Why change it if we already accepted the reward schedule as it is and voted with our BTC. You don't want to upset your investors. i wouldn't be hurt, if it means a reduction in coins. investors would welcome this. i don't know if its possible cap coins at 1 billion, so total in ipo would be 30% or if you want reduced ipo max coins to 150million. id vote for a reduction in total coins but leave the price and amount of max coins in ipo the same. I don't think coin reduction will be considered wouldn't it be a good thing. 1 billion coins max. that would give ipo holders 30% of the coin, less rewards meaning less coins mined a day, more growth, but i will not support the price being lowered. leave the price the same. hell il say phase 2 price should be higher lol, but i understand why its kept at 10% discount. an example as to why phase 2 shouldn't be higher would be limecoin |
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this could be the best ipo ever
It was the best IPO ever, but they seriously killed it for me and lots of other people. Two things that could be done - 1. Make the IPO prices dynamic, and let people value this coin - This cannot be done now as they already accepted BTC 2. Make the rewards according to the prices they think they can force on people. Current prices will attract MASS DUMPING 3. Cut coin Total SupplyCorrect. It was the best before the pre sale started. I only used 10% of my allocated BTC for this IPO. Not happy at all. I was planning for 100% i went all in, i misunderstood the launch date, otherwise i would not ask for a refund as i need the btc. i thought launch date was in days not week. if i got it back, i will buy back in when i have more funds. i would pay the phase 2 price. name me another coin that has been launched like this recently. too excited, |
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this could be the best ipo ever
It was the best IPO ever, but they seriously killed it for me and lots of other people. Two things that could be done - 1. Make the IPO prices dynamic, and let people value this coin - This cannot be done now as they already accepted BTC 2. Make the rewards according to the prices they think they can force on people. Current prices will attract MASS DUMPING i don't care what dev does, i do not want him changing the price at all 1. it will keep short terms away who will dump for quick profits 2. many buying now at this price believe the coin will do good. i rather see less profits than a massive dump 3. those wanting to get in lower only want in lower to make a quick buck. see the bigger picture. if dev reduces the price il be pissed, even though il get more coins if they did, im not interested in that, the price keeps short termers looking for quick buck away |
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agree, its just some people expecting a dump to happen because the price is too high for 2billion coins, but they are not understanding there will not be 2 billion at launch only how much ipo is bought. they can wait 20 years when 2 billion are mined.
It will take 8 BTC buying everyday to sustain the IPO prices, leave gaining anything. Go check the math, dont be a fanboy Not everyday, at the current reward schedule its for 15 days only. As I have said already we are still looking at this and it is subject to change. Keep it as it is. Investors bought into it with the information currently given. We are the people that made the decision with our BTC already. Why change it if we already accepted the reward schedule as it is and voted with our BTC. You don't want to upset your investors. i wouldn't be hurt, if it means a reduction in coins. investors would welcome this. i don't know if its possible cap coins at 1 billion, so total in ipo would be 30% or if you want reduced ipo max coins to 150million. id vote for a reduction in total coins but leave the price and amount of max coins in ipo the same. |
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agree, its just some people expecting a dump to happen because the price is too high for 2billion coins, but they are not understanding there will not be 2 billion at launch only how much ipo is bought. they can wait 20 years when 2 billion are mined.
It will take 8 BTC buying everyday to sustain the IPO prices, leave gaining anything. Go check the math, dont be a fanboy Not everyday, at the current reward schedule its for 15 days only. As I have said already we are still looking at this and it is subject to change. looking into the rewards, would that mean a reduction in total coins |
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agree, its just some people expecting a dump to happen because the price is too high for 2billion coins, but they are not understanding there will not be 2 billion at launch only how much ipo is bought. they can wait 20 years when 2 billion are mined.
It will take 8 BTC buying everyday to sustain the IPO prices, leave gaining anything. Go check the math, dont be a fanboy are you telling me with the features they have 8btc is difficult, and that reduces as block rewards reduce, plus what makes you think all miners will dump. not all miners dump. of course some people will take profits, that is just coins exchanging hands. you only need to read the ann to know that if all goes well this could be the best ipo ever |
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