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There definitely are a lot of scams out in the wild wild west frontier of cryptocurrency. Many of them taking advantage of the crypto-newbies with their fake private "cryptocurrency" coins with promises of repeating the bitcoin gravy train. True cryptocurrency is owned and controlled by the people on the public market. These scam coins are privately controlled by companies with their own private exchanges, no public exchanges, and their own company set prices. Of course no one is buying back the fake coins except the company itself on a limited basis to project some perceived value. And you can guess where the money comes from for the company to buy back the limited coins... That's right, from the new money coming into the Ponzi scheme. True Cryptocurrency has no buying/selling limits. The free market of buyers and sellers negotiating based on supply and demand determines the real price of a coin.
Fortunately, GCR is not a scam and is a real and completely public cryptocurrency coin. It is publicly exchanged on the free market and all of its transactions are publicly viewable on the blockchain. The GCR price is controlled by the free market. The success of the GCR coin will be based on its ability to create a utility demand, a good reason for people to buy and use it. But GCR has something other coins do not enjoy; a leveraged marketing force that is financially incentivized to promote the development and use of the coin; and a true value builder that will move cryptocurrency from the digital world to the real world.
The price of the GCR coin will be driven by the confidence in the marketplace that the coin and the forces behind it can build real value by creating buyer demand with an exclusive commerce benefit. That is an ongoing process that we should start to see blossoming in the near future. But for now many people are snapping up the GCR coins at a very low price, but probably not for long.
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Most modern cryptocurrencies have money supplies far greater than bitcoin. Even Litecoin, which has been our for many years has a money supply of 84M.
BTC Bitcoiin 21M LTC LiteCoin 84M DOGE DogeCoin 100B NXT Nxt 1B NVC Novacoin 2B MINT Mintcoin 22B XCR Crypti 100M FTC Feathercoin 336M QRK Quarkcoin 249M IFC InfiniteCoin 90B XRP Ripple Coin 100B BLK Black Coin 100M NEU Neucoin 3B
GCR Coin does not have an unreasonable money supply at 99M. But more importantly, GCR has a strategy to created buyer demand. It is the first cryptocurrency with a solid business model on top of the innovative cryptocurrency technology that we all love. It takes fuel in the car to make it go. cryptocurrency will best reach mass market appeal with a financial business model promoting the acceptance and use of cryptocurrency. The tired speculative trading pump-n-dump schemes of crypto-yesteryear will never sustain real value.
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This new GCR coin is implementing a unique strategy to place a solid business model on top of the leading-edge crypocurrency technology. It provides 2 market distinctions above all legitimate cryptocurrency coins.
First, it provides a financial incentive for an independent sales force to promote and develop the GCR coin. This leveraged marketing force is an envied asset of other alt coins that are struggling to establish a significant user-base of coin/stake holders.
Second, it provides a good reason for consumers to buy and use it. It builds real cryptocurrency value by creating buyer demand with an exclusive commerce benefit. Buyer demand drives price up, seller demand on the other hand drives price down. If consumers can get a better deal from merchants if they purchase with GCR coin then they will want to purchase GCR coins from the public exchanges. This creates buyer demand. Just having merchants to take a coin only creates seller demand, but if consumers have a good reason to buy and use the coin, buyer demand is created.
The exclusive commerce benefit is delivered by a technology platform called Nexxus the Global Rewards Community that offers consumers a cash/coin back reward when they pay with cryptocurrency, including bitcoin and GCR coin.
The leveraged marketing force is financially incentivized to promote and develop the Nexxus Global Rewards Community world-wide, for which they earn money on every transaction indefinitely.
Merchants win from an increase in sales and access to a new emerging market, Consumers win with a better deal from merchants and referral rewards, and the Leveraged Sales Force wins from an opportunity to create residual revenue from shopper behavior that never quits.
Cryptocurrency is a technology domain looking for its first killer-app that will attract the main-stream public, like my mother, to embrace and use cryptocurrency. Nexxus is that first killer-app to wake up the rest of the world to cryptocurrency. Cryptocurrency is a great social movement at the moment that can greatly magnify its acceptance and adoption in society with a solid business model on top of the innovative, peer-to-peer, people's-financial-system, cryptocurrency technology.
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