ANN - LEOcoin - Official announcement regarding LEOcoin from LEOcoin Foundation

[Cryptotraider16]

Anyway i still believe LEOcoin can hit 1£ real fast if they start do things on right way!

[1714921296]

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[1714921296]

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[1714921296]

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[MikroTik]

Well first the need the bring back faith in leo and everything will happen.

[MikroTik]

If i caught the date right four more days for x2 leo.

[Cryptotraider16]

We all wait that miracle about x2!
Our leocoin foundation guy just gone. I am sure he is way to Bali

[LEOcoin Foundation]

Highly rank coin on marketcap

RE marketcap - actual situation

On the CoinMarketCap listing, LEOcoin is in a good position on the total supply list.

In the LEOcoin block chain it is shown that the premined LEOcoins are distributed across many wallets, however CoinMarketCap requires additional data in this regard. We have someone working on that. When the correct info on available supply is updated on CMC, LEOcoin will presumably be part of the top 10 and on the front page.

Note: Regarding LEOcoins actual market cap we obviously already are over 10 milion Euro: as shown on the website of the LEOxChange (https://www.leoxchange.com/). LEOcoin currently is on place 7.

[Cryptotraider16]

In few days we will see what is multibilion buisness Dan Anderrsen say will happen after x2 project lounch for LEOcoin!

[Cryptotraider16]

Any updates leocoin foundation!?
Will be any press on Bali with x2?

[MikroTik]

For now i can`t see or find anything, maybe dev could tell us more.

[Cryptotraider16]

For now i can`t see or find anything, maybe dev could tell us more.

This week is final! We will all see if we got or lost! Stay positive!👍🏼💵💸💷💶

[wildduck]

Well i`m positive at the moment but price is only stable nothing else.

[Cryptotraider16]

Well i`m positive at the moment but price is only stable nothing else.

Lets see after this week end! 😎

[LEOcoin Foundation]

FYI Re: X2-project

On the 21st the X2 Project will be made public on Bali. And, to make this clear once more, the X2 event is not organized by the LEOcoin Foundation, but by Learning Enterprises Organisation Ltd. For more details, please check out their websites or social media presence.

As any news on the X2 project might influence the LEOcoin ecology, we have enquired regarding X2: LEO Ltd has planned that a X2-related Press Release will follow shortly after X2 project has been made public to the participants, press and LEO employees who visit the Bali-event.

This means that in a few days we will know more about X2, its importance and first then, we can see and discuss in how far this will have consequences for LEOcoin. As said before, LEOcoin Foundation is certain that LEO Ltd. and the thousands and thousands of members of LEO - who hold the majority of the LEOcoins - will continue to support LEOcoin, but it should be clear that the X2-project is by and on behalf of LEO Ltd. and their growth, and it will not be specifically focussed on LEOcoin.

We are happy with the X2-Project, as this will draw new attention to LEOcoin too. Some in this thread speak about 'multi-dollar business', 'final week' and 'win or loose' and we certainly do not want to temper enthusiasm, but we as LEOcoin Foundation cannot make any promises regarding price developments, only that we are bullish on the long term. LEOcoin will grow steadily by more acceptance and more users, we have no intention to create a 'hype'. Let's just wait and see.


Update: X2 event page: http://bali2016.myleobusiness.com/

[strayanbit]

You already have cats on your side, thats the main battle won. 

[Cryptotraider16]

Dear LEOcoin foundation! Just 1 quick question and ansver yes or no! Do LEO still own few milion premine leocoin or they finally seperate them to leo members etc and will they finally stop push different offers to giveaway that pre mine leocoins?!


And when leocoin goundation start you talk you got 20 mio leocoin now only 10! So Dan take 10 mio back for his MLM?

[LEOcoin Foundation]

@Cryptotrader16

When I started working for the LEOcoin Foundation there were 10 million LEOcoins in reserve. The Foundation was founded last summer, but I cannot say how large its capital was back then.

Regarding the 50 million premine; in the upcoming interview we will hear more about it, but as far as I am aware of, the largest portion now belongs to the LEOcoin Foundation, the bulk of the rest is most likely with the LEO members.

A few months ago, I could trace about 90% of all LEOcoins back to less than 300 addresses, but now it will have changed considerably and I have no exact figures on who is owning what amount of LEOcoins, but my guess is that most of the premine has been used for promotion purposes. Please wait for the interview where we will hear more details.

[Peter78]

Dear LeoCoin Foundation,

thank you very much for all the information you post here.
Very much appreciated.

You already told us something about the (non ?-) relationship between LEO Corporation and the Leocoin Foundation.

But what is the relationship between Leocoin Foundation and the company SGS ?

Peter

[Cryptotraider16]

Thanks leocoin for explain! I hope now finally 40.000.000 leocoins are on LEO members wallets! Its almost 200.000 members leo have! 😜
Now i hope coinmarketcap will finally ad you on main site so all can see LEOcoin exist!

[Cryptotraider16]

@Cryptotrader16

When I started working for the LEOcoin Foundation there were 10 million LEOcoins in reserve. The Foundation was founded last summer, but I cannot say how large its capital was back then.

Regarding the 50 million premine; in the upcoming interview we will hear more about it, but as far as I am aware of, the largest portion now belongs to the LEOcoin Foundation, the bulk of the rest is most likely with the LEO members.

A few months ago, I could trace about 90% of all LEOcoins back to less than 300 addresses, but now it will have changed considerably and I have no exact figures on who is owning what amount of LEOcoins, but my guess is that most of the premine has been used for promotion purposes. Please wait for the interview where we will hear more details.

You mean 300.000 addreses?
Long time ago leo must send leocoin they hold on own wallet to 50.000 wallets owned by leo members!

Most premine? So still have few milion left?!

[LEOcoin Foundation]

@Cryptotraider16

No that were 300 addresses, so this means that at that time, there were a few addresses with many LEOcoins on it. You can calculate yourself: grossly 70 million LEOcoins and around 200,000 members - and some miners too, of course. This makes about 350 LEO per member on average.

When LEO Ltd. membership doubles in 2016 and around 10 M. LEOcoins are additionally created by mining, this will mean that in a year the situation would be much different: 80,000,000 LEO / 400,000 members = 200 LEO per member, on average.

If we see the low number of LEOcoin that a LEO Ltd. associate/member would have on average, it is also easy to understand that when demand goes up, the price can increase accordingly, particularly when there are not many parties with large quantities of LEOcoin and those who own them, may not need to sell them cheap, or at all. I fully understand that for miners, cointraders and other readers of this forum, the possible significance of an associated LEO-network may not be clear, but having 200,000 or more entrepreneurs and merchants that may - or may not - support the LEOcoin ecology can have an impact.

As LEOcoin Foundation we will wait and see how the X2-project of LEO Ltd. will evolve and then see how we can further support LEOcoin. Despite the current low price on the exchanges, there is still ample opportunity to work our way up into the top 3 of the cryptocurrency world. To help in this process, the LEOcoin Foundation will continue to inform the public and governments, businesses and financial institutions, the press and forum readers about LEOcoin and its future.

[Cryptotraider16]

Lets wait few more days!