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

[minerjoen]

That is the key here, we do have a product with large investment and backing behind it and large audience already. www.nlfantasysports.com In this case, we are launching a coin with a place it can be used and will be sold to players as well as the Crypto Industry. So no scam here. Please visit www.nlfantasysports.com and register and you will see our platform. Thanks for the post, as I will not mind these kinds of posts since I understand scamcoins are everywhere, but this coin is tied to a realworld application that is already in the market. Im sure you have heard of Draft Kings and Fan Duel? We have a competing platform and will be the first to play fantasy with Crypto. We will have a crypto only Fantasy site called CryptoFantasySports.com . So real world app here! I invite you and all to look at the platform.

1st.
Ugly, cheap full of spam site (i'm sorry to say but i dont know why u show that link)
2nd.
The only thing u talk about is how u gonna earn ur money
3th.
What u want, u can also do with 100% pow
4th.
What u want u can also do without ico / premine
ICO is just 100% money, premine is hated just like ico's start getting hated.

Almost all ico coins are scams, all ico coin devs say: this is not a scam (really, they all say: we hate scam coins, we are not a scam coin.. U know what the result is? its a scam)

ICO is like crowdfunding without identify.


If u want free money, try kickstarter.

[1714864918]

1714864918

[NLCManagerRG]

1 .You mean advertising? Or data feeds with player stats, news and rankings? That is no spam, those are high velocity data feeds for fantasy football addicts. Yes there is advertising as we are generating revenue this way also. We are in states that banned cash fantasy games, so we are running ads.

2. The reason I am being so specific about how the business model works is that as a coin holder you want to know about the underlying asset driving the coin and the demand. So if the platform is successful then demand for the coin will be there and coin holders have a good road to appreciation. Even us developers understand the value will be through the coin, rather than through the game. So this is the reason I am pointing out the benefits of our model to provide potential coin buyers a view of what will be behind the coin demand, and that is use in the game. We are not even considering demand by speculation.

3. POW places all the reward on computing power which is a commodity now and that model lead us to massive server rooms playing a tug of war between thousands of computers and really out of control like Bitcoin. By moving to a hybrid model, like other coins, you can balance reward between stake holders and miners. Mining and computers are a commodity now, so they should not reap the full benefit of new coin and holders should also be rewarded. Also, staking wallets also provide network processing, but without so much waste or energy going to "mining". If you study NEM, MaidSafe, Emercoin and other hybrid coins, you will appreciate this important adjustment to the Bitcoin POW only model. I believe we provide a good balance for the network with this coin where POW and POS provide the hash power in a more environmentally effective way than just POW. Yes we can do it with 100% POW, but we feel the hybrid coins are the future and better balances the reward to the ones holding up the coin and stakeholders should be rewarded and specially if the wallets are also advancing the chain and not just miners.

4. We need the premine to sell coin into the fantasy game!!!!. We will run a million weekly contest and 100 Million in total prizes for the season.

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

We need about 800 million coin to sell into the fantasy game. Again, we have made it clear that 80% of proceeds from coin sales go back to a liquidity fund so players can cash out their coin, so in our case, we need the premine to power the fantasy sports game. Otherwise, how do we create the fantasy contests without the premine? The proceeds will go right back to providing value to the coin. This is why I explain how we make money to give coin owners the view into the why this coin exists and how will it have value, meaning where will demand come from, fantasy players from around the world. The USA alone has 50 million fantasy players.  

We dont want free money, we want to create an economy around the coin and the fantasy sports platform. It looks to me like they are a perfect fit. We will announce the premine and how it will be used, but more will be sold through the fantasy platforms. So the ICO is really to let people know we are coming out and the project does not depend at all on the ICO and if you doubt, what I explain, sure, no need to invest, but if you believe in what we are indicating, then it is a very compelling story. The premine will run out but demand will continue in the fantasy games and as more sports come online, the demand will only grow and once all premine is in circulation the coin can react to demand and appreciate beyond what it may in year 1.

In our case we are identifying ourselves completely, so no anonymity here and that also should give you the type of project we want to operate, its the only way a coin can thrive, and that is full transparency.

[Mallyx]

Hello,

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Our database is now listing over 30+ ICO & Crowdsales !

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[NLCManagerRG]

Thanks for the post,

Jack Ma invested 15.4 million into a fantasy company as China gears up for fantasy sports.

http://www.forbes.com/sites/micakelmachter/2016/04/27/sports-tech-unicorns-the-industry-betting-to-make-billions-riding-asias-economy/#16bcf40639eb

I think we will do well in China with the ICO and expect some publications to carry our story or even feature it. We will list in various exchanges and make our coin liquid from day 1.

ICO ANN will go up next week.

[futurebillions]

I saw your ad on btc12.com, how much do you pay for the ad?    Good marketing, want to make money from China market.

[NLCManagerRG]

yes I did make a deal for our coin, so in a way its good for both sides. Once people put a value on you coin, its what you want. We also plan ads locally, but till next week. Here they are.

https://www.dropbox.com/s/npdonxv474yc33p/NLC%20ads.jpg?dl=0

So we are not expecting to sell out, so what ever sells, its good for both sides. Once the season starts on 9/7, then ICO price stops and goes to .002. So that is the point here. Its only 100,000 Dlls we are selling, our mission statement calls for full deployment within a year or less of all coin. So We expect a large amt to sell via the fantasy game. Unsold ICO coin goes to exchange at .002 USD sold at 1 M x day until ICO is sold out.

[NLCManagerRG]

here is the website, but we are still not launched, as wallet is getting the final touches. www.nolimitcoin.org

We have a structured ANN ready but expect Thursday to post the new ANN and open pool and all links.

[Sharma]

LMAO, you ICO scammers now are scamming people without any product, bad, retarded now, and fucking expensive price.

You shouldn't accuse and abuse anyone without proper evidence.This is a place to announce launch and other info of crypto, if you have any accusation,please use proper section

[NLCManagerRG]

Regarding China, I was on a project in '12 with Qatar regarding bikes and went there and to China multiple times and certainly feel very connected to China as well as their dominance in the Crypto space. Here are some articles about the projects with Qatar and China I was involved with. We wrote the software app for this as well as the software for the tracking devices also made in China.

This is about an electric bike sharing system with solar powered stations.

https://www.dropbox.com/s/oypqtgzpxbcd15c/Q%20Press%20release%20Bike%20Share%20systeml.pdf?dl=0

https://www.dropbox.com/s/oixmogjomyc7p4o/Dubai%20Daily%20News%20Cover.pdf?dl=0

[NLCManagerRG]

We just released one of 4 platforms, the first

www.nocostfantasysports.com

This version will operate freely in any state and country, but its focused on about 20 states that have implemented or banned DFS. So we enter these states with prizes divided in cash and NLC.

We are running a 1 million coin weekly tournament for a max of 500 players, pays top 50, even 50th gets 10,000, that's $20 dlls, at launch price but we dont expect the maximum to be reached for a few weeks, yet it pays top 50 places. Top prize is 200,000 NLC. Eventually we need to bump the total players to about 2000, since its all ad based. But we caped it at 500 this time.

You can register and create teams now and contests will be up soon. The  million weekly and a bunch of head to head contests and advertising will target the states that Draft Kings and Fan Duel cant operate in. These are the states with licensing or ban, which is where this version is targeting. Our revenue will come from advertising and exposure to the coin by many through fantasy sports play. Here are the states that we are targeting with this version

Alabama
Arizona
Delaware
Hawaii
Idaho
Illinois
Iowa
Louisiana
Montana
Nevada
New York
Texas
Vermont
Virginia
Washington  

Then 2 other games will go live www.nlfantasysports.com and www.nflstatchallenge.com , you can check them out already but they are not in final mode.

cryptofantasysports.com will go live at the end of the week along with the coin. We mined the first block and stopped, then the first few blocks are zero reward and then it starts the rewards right away

So bottom line is, you guys like crypto, and we are channeling a lot via the fantasy games. We still expect most to sell, and the amt we give away is relatively small, but its a great motivator as we have registrations already.

[Steinar]

OMG this thread is so sad and full of promises that will never be true.  If I was on the default trust I would leave the OP some. This wont end well.

[piebeyb]

No Limit Coin = Unlimited Supply ?

[Mgrover]

UNLIMITED SUPPLY - NO PRICE

[NLCManagerRG]

Hello,

We do want to set up a video webinar with full participation so we will schedule that very soon. I will be happy to do a video hangout.

Regarding supply, it is the premine listed of 1,420,000,000 Coin. From this amount, all but 200 M that is the management reserve, will be sold via the fantasy game, the ICO, or through a daily sale of no more than 1 M x day until the supply is completely in the hands of the public. Management has invested over $500,000 into the game, so those 200M are less than half of the invested amount at ICO price.

We needed this premine amount because of the way this project is designed and as fantasy players will need the coin to play and because it is priced at .001 at ICO and then .002 USD at the game, it is not that much money, so we expect to place entire amount within one season. Once this is accomplished, the demand will continue, but supply will only grow at 2% per year for staked wallets, and 1.5% for miners, a total of 3.5% coin growth per year. Its a very small growth rate, as Bitcon is 4% now but was 16% when reward was 50, yet we start at 3.5% coin growth. So you may say it is unlimited coin, as we provide that fixed POS 2% and miners with a flat 1.5% of total in coin to mine. The logic is, how much are you willing to pay for your computer network (it is a commodity)? This is the way a coin needs to look at the new coin production rate, and if the number is to high, then the price may come under pressure from all the mined coin that is normally sold to pay for power and light and would hit the central fund. So coin does grow for ever, but at the 2.75% rate per year after year 9 to keep miners mining and staking wallets open to push the chain along yet its not a large number that causes downward pressure on price. Nobody can answer how Bitcoin miners will survive in 25 years. Meaning the mining incentive will be gone and transaction revenue is not there to pick up the full slack. This is why we concluded that the coin as a whole is "willing" to pay .075% of all coin to miners in exchange for a decent computer network.

This is a fantastic example of the use of blockchain technology. Fast, cheap and easy transactions. Meaning, we not only have the coin, but the place it will be used, the fantasy sports game that is ready to go. Yes the post is correct, we will be exposing many new people to cryptocurrency that have never used. Most people I talk to dont know about it, but as soon as you explain, people want in.  We are already talking to other online game operators so they can use our coin. The flip side of the coin is working with credit card companies. Its almost imposible, expensive, they hold your money 6 months. You can ever get out of the gate like this, but using CC is the dream scenario.

So fantasy players will be able to get their coin, play fantasy for crypto for the first time in history and cash out easily. This is our main goal. Sale to non fantasy players is welcome, but wont change the outcome related to the game itself. Its a unique case where demand for the coin will not just be speculation but actual transactions. The crypto fantasy sports version will be open for the whole world, also a first. No other NFL fantasy football platform allows play from other countries and there are many NFL fans around the world, so now Fantasy Sports for money opens up to the whole world.

I dont mind the skeptics, I actually welcome them as I think our plan is bullet proof and allows us to make our points better when some doubts are raised.

The key point here are: There is a platform that needs the coin, there is mined coin ready to be deployed, and liquidity at the exchanges.

Thanks to the supporters, and even the skeptics as it allows us to reiterate our project and make our point.

For any skeptics, please visit www.nocostfantasysports.com   This version will operate in all the states that have banned fantasy pay-to-play and we will be giving out small amounts of coin to players without a buy in. Our revenue will be ad based but exposing many to the coin also is a plus in the long run.

[Dolbycocoin]

No limit ? what the diffirent with unlimited printing money ? no controlled supply ?

[NLCManagerRG]

It is a very controlled and known supply as well as controlled sales channels. Unlike countries that print and you dont know about it. We wanted to address the shock of a sudden halving of the rewards to miners and flatten out that curve over time. We halve by dropping 10% of the mined coin every year for 9 years and it halves by the 9th year. The controlled supply is the 3.5% of new coin produced per year at the start and 2.75% per year flat after the 9th year. The factors that affect the price of a coin is demand and offer. Even with the coin growth every year, the demand from the platforms and normal economic growth should pressure the coin to appreciate, even with the modest yearly coin growth the coin provides. The difference to unlimited printing of money by a country is this is set in stone. So the market knows the exact new coin growth rate for 385 years. So we do keep the sanctity of a controlled supply but there is no need to shock the miners with halving of reward overnight, and there is a need to reward stakeholders so thus the 2%. Our core wallets process the blockchain in exchange of the POS and helps the chain, without the huge drain on electricity a more environmental way to move the chain and reward to those who sit on the coin. 

[NLCManagerRG]

Here is a spreadsheet with a 25 year run of coin production with this model

https://docs.google.com/spreadsheets/d/1SN_yYdVKiS6RCUB4vZM43QYbgFG2W9aJlRmBxWhnbAM/edit?usp=sharing

[NLCManagerRG]

This is like a casino. We need to print many chips for the players. We want the chips in circulation, but these chips (coins) trade openly and freely and if the market decides the project is solid, then the value goes up. If a casino did this and printed a limited amt of chips and then made these chips liquid and free floating value, those would be some casino chips. That is it. This is a way to go public with an asset using digital currency. There is no advantage or gain for us to create a scam, we are in this for the long haul. A 10 year mission, minimum. Most of the management reserve will not even stake and will be held in a cold storage trust. The only way this works is if it works of all. Its not a zero sum game, its a "the tide lifts all boats" game. There is no way to scam if you are totally on the level with everything. I'm also on the level that the competition is very big and Draft Kings and Fan Duel are huge, but we have something very special, crypto. So I hope there are fantasy players out there and if not, you can still get lucky and win a lot of coin in those weekly million contest, both for the free roll and the paid version. Free roll is for 500 or 1000 people, paid version you put in 5000 coin for a 1 M prize pool that pays top 10% and to prize is 20% or 200,000 coin. Top 50 people get paid and last 20 get a not shabby 10,000. We will make the coin liquid on day 1 at .002. ICO price .001. You could say this is a sort of corporate approach to block-chain technology implementation for a companies own use as a launching pad. You are not investing in a coin, you are investing in the full scenario that the proprietary game that needs the coin brings.

[NLCManagerRG]

The top 12 holders of coin that want to prove it are the foundation. Foundation will vote for important decisions. One day I will hand the torch to another person as the code is good for 385 years. The foundation will vote for the head of the coin project after that. Founders are 14.1 % of total coin. Help me place all the coin this year, as fast as possible as that is when the flood gates will open for price movement. But now is the time to accumulate as we wont hold the price down, but will hold the .002 . So top 12 holders that will prove ownership are on the board with live video calls every month as a board, recorded and then posted. Go play fantasy sports. Go register at nocostfantasysports.com, play in the weekly million now and then the crypto site at the end of the week will give you 10,000 coin to register and have alot of contests with the coin. Wallet almost there. We will post your picture as part of the foundation if you do decide to reveal your holdings to the board and want to be on it.

[NLCManagerRG]

Wallet testing now.

https://www.dropbox.com/s/1cjhc1ax82ib0y6/Version%20DH1.png?dl=0