New coin No Limit Coin (NLC) will start in a few days.

[NLCManagerRG]

Algo is SHA 256 d.

Block size 2 MB
Block duration 2 Minutes

Preparing materials and websites will be ready in a few days.

[NLCManagerRG]

nailing down the numbers with intense discussions with the coding team and also my own struggle between deflationary and inflationary. With POS, comes inflationary as Emercoin has and NEM, we are starting the cycle at 1.5% of circulation for POW and 2% to POS, a total of 3.5% new coin produced year one. The ratio is 1.5:2 or 25% in favor of the stake, seems logical as capital is king and computers, are good, but capital is king, computers are the commodity. Now in order to incorporate deflationary pressures on the total units produced, POW drops by 10% per year or halved every 8 years. POS is fixed but POW is not, what happens is in 25 years the ratio of coin produced will be

Year 1 x month
2,366,667 POS
1,775,000 POW

ratio 1.3:1 POS

Year 10 x month
3,010,134
687,671

4.38 to 1

year 20 x month
3,706,718
239,776

15.51:1

This happens because POS is a flat 2% and POW drops 10% per year or halves every 8 years

See how the POS to POW ration explodes to more than 10:1 VS less than 2:1 year 1. So we do achieve this effect through the reduction of coin to miners. This means we prize the stake more than the work and it seems to get out of balance yet the model calls for a flat rate. We lowered to 2% and it seem to do a magic curve. When we plug in 2% for POS you have net loss of coin gain, meaning new coin production amount drops slightly every year for 10 years and then starts on the inflationary mode. First 10 years are deflationary and then it goes inflationary. The issue is that even with 2% and dropping POW reward 10% after 20 years the monster portion of benefit goes to the holders and leaves mining at high ratio. We want those wallets open and staking and allowing the chain to advance. POW model that deflates by 10% x year. We will leave 2% on POS and I will post the spreadsheets for comments later. Wallet will have 2FA and all languages. ICO site in the works as our teams are at full throttle now. ICO sales wont affect any part of the Fantasy launch, except if we do well on the ICO we can expand the reach of the fantasy games with more advertising etc. Some may know many states have banned DFS for money and we have seen this as a door opening and we will deploy NOCOSTFANTASYSPORTS.COM . We will give away real prizes and use advertising to generate some revenue to cover those markets, but we will also give away coin as prizes with large 100,000 or even 1 Million coin pools. Ratio of entries in free pools is much higher than when you pay to play to get the views to pay for the contests. We are also going with CRYPTOFANTASYSPORTS.COM RESERVED! H5!  This is the international cleanest of the clean versions. Pure crypto for payments. We are writing what is essence is our own verification system API in any coin that will be taken: BTC, ETH, GC, NLC, 4 coins with our sights on getting people to buy some of our coin with any of the mentioned or dollars. You just enter your TXID for the coin sent and we credit your account when we verify, but it goes to a person for final approval. The human portion can get automated but we wont at first but we can lift the cap over time on the ones an admin manually needs to check a box to some low number and slowly increase over time. Soccer, and the other big sports are waiting in the wings for us as the key to the growth in the coin will be expansion of user base through the real world application, online fantasy sports. Once we add the new sports then your demand for coin increases. With this model we are forced to improve on the 3.5% new coin creation to expand the capitalization base. This means we need to grow our fantasy player base faster than to that to achieve capitalization gains. Certainly the whole point is to bring in a large base of investors through this method of participating in a venture. There will be an affiliate program on the fantasy site and we will pay 20% of our net to affiliates for downline registration.

Thanks

Rafael Groswirt
Founder
No Limit Fantasy Sports,
www.nlfantasysports.com
No Limit Coin (NLC)

[dearbesz1219]

Your coin price is too high or so expensive... Don't you have a plan to implement a signature campaign or translation for bounty? How about the wallet?

[NLCManagerRG]

price is 167 satoshi or .001 DLLS. Yes all of the above. Wallet with explorer in 90 languages 2 weeks away. ICO site also and I just rejected 4 logos. The reason this is so sudden was that we where supposed to do a deal with a coin that would provide a large base to use in our fantasy game. But that deal feel through as the foundation did not have the reserves for this. So We decided the path was our own coin. But its been a long time in terms of the discussions of what parameters to implement.

Here are the rejected logos, need to look good small and we had given a specific design, but he provided these. Nice, but not what we had discussed.

https://www.dropbox.com/sh/fpc7ldhai19pboz/AAAZ4EXqxWkVeHBla5sAqhMba?dl=0

In terms of price, if you take the full premine and multiply by the ICO price it properly reflects the value of the Fantasy Sports platform, and any premine not sold, remains out of circulation. It does not stake until it is sold. Also fantasy sports website will sell at these prices, so if you want to play fantasy with No Limit Coin you can buy at .002 dollars per unit in September. In Dec it will be .004. ICO price .001 You get a 4X before we hit the exchanges on January 7, play off day. That is when we see if .004 can hold, but 80% of the proceeds for the coin sale via fantasy and after the ICO will go to the stabilization fund of the coin and 20% to software development in the fantasy game and our derivative solutions we develop in-house for NLC.

ty

rg

[NLCManagerRG]

Here is a spreadsheet with a 25 year run with a 1% POS and a 2% POS. This model would work when the miners dropping amount can keep them afloat, through value appreciation of the coin, yet the ratio of POS to POW in 20 years is 15:1 If we lower the POS to 1% it looks different.

Here are 2 spreadsheets,

https://www.dropbox.com/sh/fopp9959fm2l72n/AAA5VD2tafAbR7M4nTug0diRa?dl=0

Feel free to comment or FHYP (and buy in)

rg

[NLCManagerRG]

At 25 BTC per block that = 8.6% increase in supply for BTC x year. We will be lower than that. Now with BTC at 4.5% increase for the next 2 years this will be similar to our production but we are at 3.5% less than Bitcoin. So we are taking a conservative approach of low new coin into the system yet with the POS at 2% we can still pay to stake and compounding effect is impressive over the years even at 2%. We are going with 2%, but does anyone want to make a case for 1% on POS? It becomes even less coin into the system creating scarcity and price appreciation if the coin has real world demand on top of the speculative side.

[NLCManagerRG]

Final logos. I like them.

https://www.dropbox.com/sh/vgzh9rnv61rcsk7/AACzvnVHPyZhTQANqNt1UJzga?dl=0

[CryptoMaik]

Another ICO, please create a nice ANN before you launch your topic.

This is your "store" and here you introduce your product.

[NLCManagerRG]

Yes, this is just pre ANN, but all in the works with a very clear ANN. ty

[NLCManagerRG]

Tested the wallet and explorer today perfectly. Logs and information is easy to get to. Great wallet.

Blocks are 2 MB
Blocks are 2 minutes
2% POS reward
82.175 units per block POW reward for year 1, then drops 10% each year for 8 years and halves. Then we lock it there. So it has a ramp, not unlike Bitcoin, but much more aggressive in terms of % of new coin to total. We adjust the sudden halving of the reward to make it less of a hit to miners and provide the same effect of halving, gradually and over more time and only once.


720 blocks x day = 59,166 x day

21,595,590 x year

The rate of growth for Bitcoin at 25 reward rate was 8% of the total base. Now at 12.5 its 4%. At 50 coins it was 16%, and we are starting at 3.5% and dropping to 2.75 in 10 years. So our rate of growth out of the gate is much tighter than Bitcoin.

The fact there is a 2% POS and POW starts at 1.5% but drops to .75% puts the new coin at 2.75 x year. Theoretically development economies grow at a faster pace than 2.75% which can serve as the long term pressure point for coin usage expansion beyond that 2.75%, at that point we are guaranteed price appreciation. Once we incorporate the coin into No Limit Fantasy Sports this year  www.nlfantasysports.com , it will be only natural but one of both of the big fantasy players like Draft Kings or Fan Duel and many other mid tier operators will adopt No Limit Coin as we are already developing the needed APIs that we will need and then those can be used by other merchants. First in the fantasy and online gaming, and then other parts of the economy.

We are already in discussions with a number of online gaming operations and will continue to knock on those doors aggressively to have them incorporate NLC and along with that comes a prize in coin. That will seal the deals.

ICO website will be up in less than a week with all the details including wallet download and mining start.

Listing on exchanges will be a priority and the liquidity fund will be in place at the exchanges to open the market. 50% of ICO will go to the fund and 50% to development of No Limit Fantasy Sports new sports like Soccer and the other sports in the USA. This will also increase demand through the year. After ICO period, 80% of proceeds of coin sales after the season starts will go back to the liquidity fund. We are going to keep 3 accounts with equally balanced liquidity fund at 1/3 BTC, 1/3 Ether 1/3 Dollar. This way the market can determine the value of the coin and consider we are hedged 3 ways.

Here is our FB page with our logos and parts of the ICO graphics.
https://www.facebook.com/nolimitcoin/?ref=aymt_homepage_panel
Twitter
https://twitter.com/NoLimitCoin

Thanks

Rafael Groswirt
CEO
www.nlfantasysports.com
Founder
NLC

[ashmodeus]

any bounty ?

[mirador17]

Shit ANN for a shitcoin, fit together.

[btctube]

This is poorly managed ICO and the OP isn't that complete either. i doubt this will go funded really.
The coin's name seem like its not even well thought and most likely just a pure attemp to acquire bitcoin from dumb investors. nothing else so be at your own risk.

[NLCManagerRG]

Hi there.

Thanks for the post, even if its one of skepticism.

You have to know the whole story of the coin as well as see the launch ANN that will go out next week.

The coin has been developed to power a fantasy sports platform called No Limit Fantasy Sports, thus No Limit Coin

Players will use NLC to play fantasy in a version of the fantasy platform called Crypto Fantasy Sports.

The coin demand will be by the players themselves and not by speculators. So our target is not the ICO phase, but the actual purchasers during the season to play fantasy sports. 100BTC are on deposit to create a buy market and most of the proceeds, 80% will stay in a 3 way fund. Dollars, BTC and ETH. 20% of the fund will go to further development of the Fantasy Sports games.

You may be right about the ICO, as this coin was never planned for getting pre funded at the ICO phase, and was born because we negotiated for months with another coin to use them for our game but they wher enot able to provide the large scale coin needs we had for the fantasy sports platform, so we decided to develop this coin and power our game.

The ICO and yes even the ANN, is something that we are doing, but wont affect the launch of the platform www.nolimitfantasysports.com where coin will be sold at .002 per unit and there will be 100 BTC to start for people wanting to cash out. As more coin is sold, that money goes to the cash out fund.

ICO pricing will be 50% less than what we will sell and cash out at the game. ICO will sell at .001 and the coin will be sold at the game for .002, so anyone buying at the ICO can double their value in a matter of weeks.

I welcome any type of comment and am glad to try to respond. The key element here is that there is a real world application that will need and use this coin, and we are not just about speculators and some grand future, we have a platform now that will need hundreds of million of coin this season and we have them for our clients. If anyone wants to dabble in the ICO, I think its a great bet. We are no scam. We are located in the USA, have a CA corporation in good standing, No Limit Fantasy Sports, LLC and the coin does not depend at all on ICO money. So if you dont want to buy into the ICO, that is OK, you can get coin by playing fantasy sports! 10,000 coin just to register, The 1 Million weekly contest and many others. I do challenge people to show me coin launches where there was an immediate market and use for the coin, other than speculation, and you wont find many, so we are very confident in the whole concept where we now combine the fantasy games and the coin. The great experiment will be to expose all the fantasy players to crypto coin and educate them about it. I just signed an ad buy with Rotowire and Google, so tens of thousands of dollars are being invested in ads for the Fantasy Game (not the ICO). So tell me specifically what does not make perfect sense about this coin? All of the premine will be in circulation in a matter of months and 80% of those proceeds will go back to the liquidity fund to back the coin. Soccer and the rest of the sports will be developed and that will create further demand for the coin.

I wll be sharing some of the ads we have, one fo them reads 100 MILLION COIN AVAILABLE, 10,000 free coin just to sign up. We studied many of the coins and many of the ICOs and felt we designed a great chain. So, of you dont like what we are doing, no problem, but scam its not. I have been in business for 30 years with many successful exits for my investors. So if you join me, you will be taking a real shot at success, and nobody will be scamming nothing, meaning we are a real entity doing what we are saying we will so as the Fantasy platform has taken 2 years and is done and tested and ready for this year. Crypto Coin is very nice as the only way for it to work is if it works for everyone, as in the tide rises all boats. So if you are skeptical of the ICO, no problem, wait for the game to open but ICO prices will not be there and we are targeting .004 at the end of the season, as that will be the price we will sell at, and we wont limit the upper side of the price, but we will put a floor in for the prices I have listed. So anyone buying at the ICO will quadruple their money by the end of this NFL season. Now the market could take it even higher, we dont know and we dont really plan or care. We just want coin for our players and our game and we will do everything to make it a totally transparent  coin and foundation. So give me specifics of what you dont like and I will be happy to try to answer.

Have a great weekend all and get ready for some Football! (soon).On the name of the coin, I have gotten good reviews, but it is linked to our fantasy platform and it comes from my long love for Poker and No Limit Texas Holdem.

Rafael Groswirt
CEO
No Limit Fantasy Sports, LLC
www.nlfantasysports.com

Founder
No Limit Coin

[NLCManagerRG]

Another thing,

The reason this is so key for us is that the credit card processors are making it next to impossible to run online fantasy sports games and they are horrible to work with, charge alot, retain a reserve for months and allow chargebacks months after the charge. Yet we will to take Visa/MC on the games, and I can tell you that every time I just think to myself, "this is why cryptocoin exists", so we are more enthusiastic about the crypto players than the Visa/MC/Paypal players. So I welcome the frinctionless world of the blockchain. We again say thank you Satoshi!!! We are using blockchain technology exactly for what it was designed. Easy and cheap transactions.

[NLCManagerRG]

Back to the name. No Limit Coin. Im the designer of the automated poker tables that you see on cruise ships. Here is the patent where we where bought out by our competitors.

Here is the No Limit Texas Hold 'Em automated table we designed a few years ago, in '06.

http://www.rgpatents.info/files/D548801_Automated_poker_table.pdf

Here is the acquisition

http://www.lightningpoker.net/news/news_poker_automation_010208.html

So now is a sort of Version 2 of that. Now we have an online game, that is legal in most states to pay to play, but we are going in hard into states that actually banned pay-to-play fantasy. So we are going there and giving prizes for use and we are ad heavy on that version. We will be the only game in town!. Means we wont change entry fee, but we will give prizes and now have No Limit Coin. So we are doing a 1 million x week coin contest, so if you like crypto, this is the way to mine it playing a game. We will also have our mining pool and all the SW soon on Github. Our priority is the game and for sure the coin, and it is done, we are doing tests and more tests, that is what we do, test sw. So you can see how this makes sense as winners of coin in NoCostFantasySports.com will get coin and end up in the currency and as we all did we realize we want to stay in. No sane person that gets Cryptocurrency wants to be out of it. We already know many dont get it or keep pushing the "there is nothing os value behind it" backward comment. But once they do get it, they are in and a great way to get it is to own it.

We have a software team from USA and India. This may not be the slickest way to launch, but what you see is the beat-by-beat openness I bring to the table and the websites are coming, so that will be just fine also. Look at the underlying asset, the fantasy game www.nlfantasysports.com . ICO and coin wesbite will be here soon www.nolimitcoin.com, info, org, .com.mx

We will place all of the premine coin the first year through the fantasy game or for money or value, value being going to advertising based games where people dont pay entry fee, but we make money with advertising, but with NLC, we get to give away 100 million coin over the season in exchange for play and ad revenue comes in, with a 1 Million coin weekly free roll. The coin will become the commodity of the fantasy game and since it will be liquid at the price we also sell it for, then players will figure out all the steps to turn it into bills in their wallets. We all went through it.  

What we don't sell in the ICO we will sell 1 million coin x day at the same time every day and set the sell price at the market currency buy price and set it as a limit order for the current rate. If t does not sell that day, we don't put more into the market and leave those orders and wait till it sells, meaning if the market drops and we just sell 10% of that we wont sell more until the price recovers as our full sell order will be at the current buy price, regardless of the amount, so if we set 1 Million at that price every day, a small portion may sell and then the market may drop and not buy it. If that happens we wont add more to the market until it sells. So this is also a controlled release, we capitalize the coin with money we get for it to the tune of 80% back to reserves. The 20% will be to develop the fantasy platform to more games and across the world.

This will happen every day for 1 year in the exchanges or until the premine ICO unsold coin runs out, the sale of 1 million coin per day at a specific time and at the ICO price its only $1000 dlls of volume at the ICO price and we hope to be higher for sure. This as a way to dissolve the coin into the economy in a mine-like controlled release. By doing it at the same time every day, we hope to assure the traders we don't plan any surprise sales and we will even publish wallet addresses with the reserves to show how much has been sold or given away at the fantasy game or sold via the exchange for the reserves we will publish related to the coin to sell and use in the fantasy games. We want to have all premine in circulation in one year.

BTW check out the crypto currency logo for Fantasy and we will be the first fantasy platform to take BTC and ETH also!

We hope to bring players to fantasy football from all over the world. CryptCurrency is the way to go and we are writing our own API for money validation that is extremely simple, allows you validate any currency easy and requires an administrator to approve the transaction manually. So that will a be a first, the way we are incorporating the TXID as the key piece of data for transaction validation. Using our own API we dont need the processors and can one day offer up this API to others.  

JUST LOOK AT THIS LOGO!  

https://www.dropbox.com/s/ufmb5ql7xadj5u1/crypto%20fantasy%20sports%201.png?dl=0

So bring all the ETH crowds to us and play fantasy football for ETH, we love ETH and we will have to take ETC. Look how we also picked MaidSafe up 30% today, need to get some of that in my acct. We love that coin and also NEM and Emercoin. That is what we are, a combination of all of these and of course BTC.

[NLCManagerRG]

Ads for the fantasy game. we are looking for 50 million impressions.

https://www.dropbox.com/sh/r17p5gz7rju3qmn/AAASnV8gV8ea3fFfT8HyhiPsa?dl=0

This is what this coin is all about.

Coin will be sold for the rates on the opening post. .002 or $500 x $1 but as soon as it hits the exchanges, we will sell at market rate set by the exchanges. We will put in floors as described on the top post, but not ceilings.

[ttookk]

At least try to keep those walls of text down. No one is gonna read that.

[NLCManagerRG]

I agree, a bit long, but I figure if people want disclosure, they have it. Thanks for the tip. I will try to keep it short and clear.

Looking for crypto experts that play fantasy football for bounties on organizing your own leagues throughout the season.

So for people that want to get involved and create their own fantasy league, this is the affiliate plan.

YOUR OWN LEAGUE WITH A FREE ROLL FOR EVERY WEEK THIS SEASON TO AN AFFILIATE

For every player you get to sign up with your code, you get 5,000 coin. $5 at ICO price, $10 at launch price

Then you will create a private league that the game allows and we will put up 100,000 x week for your group, minimum 12, no maximum. You split up the 100,000 between your whole group, top 10% get paid, top prize is about 30%, like poker tournaments. You can play also! AND we will pay you another 1,000 per player to this agent for every player that plays that contest that week. Get 20 guys you get 20,000 coin commission that week and every week for the season. Now there will be many more games where they pay crypto and that is what we are after. Also head to head for crypto contests will be many.

WE WILL SPLIT 20% OF THE PROFITS ON THE FANTASY GAME with the affiliate. We will charge 10% for any contest, like Draft Kings/Fan Duel and from that 10% we will take out expenses and split 20% of the net with the affiliate. We may get players in BTC or ETH split is in the coin it was paid.

[pikkie]

i like your logo, good luck