Swiscoin - Clone version of Litecoin. Launched!

[tmfp]

In fact, blahblahblah

So what?
There's big shitcoins and little shitcoins.
What a Brave New World crypto is turning out to be.

[nightsingle]

This is real volume? Who buys this coin? This is real deception.

Sometimes, the spread of any product, including cryptocurrency on MLM network - it is a great strength.
I myself am not an MLM figure. Nevertheless, the project involved.
I can see directly what is happening in the company. I spend webinars on stock trading for the company. The company is interested in moving the coins in the foreign market, while the company itself is not involved in buying coins.
Investors themselves, seeing the future, buying up the coin and, more recently, in very large quantities. Therefore, we see volume growth and coin prices.

[mladbab]

It is pump and dump story. The volume is not really. No communities. Someone just buying and selling at the same time to make volume. Be careful with this coins.

[Dashltc]

It is pump and dump story. The volume is not really. No communities. Someone just buying and selling at the same time to make volume. Be careful with this coins.

The coin has a higher value then Gulden which is now the best mainstream coin in crypto , then you understand that the current price is definitely not going to hold, this is the problem these coins are going to have now, as soon as they go higher then Gulden and you compare the features, the wallets, the tech etc it's going to look obvious that it's a pump.

[placebo]

It is pump and dump story. The volume is not really. No communities. Someone just buying and selling at the same time to make volume. Be careful with this coins.

i was planning to buy this coin on Novaexchange, but i didn't... price was 250sats!!!! was a very big profit, if i did. There is really a lot of volume and it is now also listed on c-cex... i even don't know what this coin is or what they do, but people that bought at 250sats are now happy for sure.

[krile]

This is one strange coin.

Funny thing is they removed the usual "moneysupply" output from the getinfo rpc command.

You have to use the gettxoutsetinfo

swiscoind gettxoutsetinfo
{
    "height" : 162715,
    "bestblock" : "f90e40f14b46aed666637f821a0ddffda3cd7d7b5f59ededa72160ba37892dda",
    "transactions" : 71151,
    "txouts" : 72656,
    "bytes_serialized" : 4695675,
    "hash_serialized" : "2bea2830791b0a56a0ea078f673901853f2d9cc31f64f471a7d4ff3dbe473741",
    "total_amount" : 2462448592.00000000
}

Like stated here:

Premined Coins

Swiscoin has come with 3.1 billion coins technology, It premined almost half means 1.5 billion coins for the purpose of marketing after the target reached it will be flushed. Just the genesis block and the first 2 blocks to confirm the genesis is valid.  We believe a coin needs to be released in a fair manner.  Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Litecoin.  Yes, it is true that without a stash of pre-mined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better. We believe to create a value of the coin, and more demand will take it to the top.

They premined almost half of 3.1bilion, which means 1.5bil? I dont understand what they were trying to say here exactly

How is the current supply 2462448592 (2,4 bilion), if they premined 3.1 but actually just half of that? I mean, what?

Also why is coinmarket cap not calculating this existing, spendable ready to be dumped 2 bilion into the price?

Market cap    /    Coin supply        =   Price  
26,595 BTC   /    474,508,849       =   0.00005604 BTC     <--- Current stated price acording to coinmarket cap
26,595 BTC   /    2,462,448,580    =   0.00001080 BTC     <--- Real price considering the real available supply

Price should be 5 times lower.

Anyway, beware with this coin

Edit:
The block explorer is also shit, block #2, with the premined 2bil: https://scnblockchain.com/block/ae1ae408b74d6ce810c456a6a4c8c3061c93f26d78ac1e04cfad212848a07551

The coins were mined to: SYFiTiRRHw688wtom3GoczmLD5YpFw6g9K   and this address is showing no transactions: https://scnblockchain.com/address/SYFiTiRRHw688wtom3GoczmLD5YpFw6g9K

They probably intentionally deleted these transactions from the blockexplorer database...and the same goes for all the addresse in the premine. They are all showing balance 0.

[robelneo]

This is one strange coin.

Funny thing is they removed the usual "moneysupply" output from the getinfo rpc command.

You have to use the gettxoutsetinfo

swiscoind gettxoutsetinfo
{
    "height" : 162715,
    "bestblock" : "f90e40f14b46aed666637f821a0ddffda3cd7d7b5f59ededa72160ba37892dda",
    "transactions" : 71151,
    "txouts" : 72656,
    "bytes_serialized" : 4695675,
    "hash_serialized" : "2bea2830791b0a56a0ea078f673901853f2d9cc31f64f471a7d4ff3dbe473741",
    "total_amount" : 2462448592.00000000
}

Like stated here:

Premined Coins

Swiscoin has come with 3.1 billion coins technology, It premined almost half means 1.5 billion coins for the purpose of marketing after the target reached it will be flushed. Just the genesis block and the first 2 blocks to confirm the genesis is valid.  We believe a coin needs to be released in a fair manner.  Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Litecoin.  Yes, it is true that without a stash of pre-mined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better. We believe to create a value of the coin, and more demand will take it to the top.

They premined almost half of 3.1bilion, which means 1.5bil? I dont understand what they were trying to say here exactly

How is the current supply 2462448592 (2,4 bilion), if they premined 3.1 but actually just half of that? I mean, what?

Also why is coinmarket cap not calculating this existing, spendable ready to be dumped 2 bilion into the price?

Market cap    /    Coin supply        =   Price  
26,595 BTC   /    474,508,849       =   0.00005604 BTC     <--- Current stated price acording to coinmarket cap
26,595 BTC   /    2,462,448,580    =   0.00001080 BTC     <--- Real price considering the real available supply

Price should be 5 times lower.

Anyway, beware with this coin

Edit:
The block explorer is also shit, block #2, with the premined 2bil: https://scnblockchain.com/block/ae1ae408b74d6ce810c456a6a4c8c3061c93f26d78ac1e04cfad212848a07551

The coins were mined to: SYFiTiRRHw688wtom3GoczmLD5YpFw6g9K   and this address is showing no transactions: https://scnblockchain.com/address/SYFiTiRRHw688wtom3GoczmLD5YpFw6g9K

They probably intentionally deleted these transactions from the blockexplorer database...and the same goes for all the addresse in the premine. They are all showing balance 0.

Told us that they are going to use the huge premine from marketing this coin but so far it's been 5 months and no marketing is involve so it is dying a natural death,not to mention there are a lot of coin with the same name ,the word "swiss" has been overused,so many devs using it ..

[EpyxZ]

This is one strange coin.

Funny thing is they removed the usual "moneysupply" output from the getinfo rpc command.

You have to use the gettxoutsetinfo

swiscoind gettxoutsetinfo
{
    "height" : 162715,
    "bestblock" : "f90e40f14b46aed666637f821a0ddffda3cd7d7b5f59ededa72160ba37892dda",
    "transactions" : 71151,
    "txouts" : 72656,
    "bytes_serialized" : 4695675,
    "hash_serialized" : "2bea2830791b0a56a0ea078f673901853f2d9cc31f64f471a7d4ff3dbe473741",
    "total_amount" : 2462448592.00000000
}

Like stated here:

Premined Coins

Swiscoin has come with 3.1 billion coins technology, It premined almost half means 1.5 billion coins for the purpose of marketing after the target reached it will be flushed. Just the genesis block and the first 2 blocks to confirm the genesis is valid.  We believe a coin needs to be released in a fair manner.  Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Litecoin.  Yes, it is true that without a stash of pre-mined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better. We believe to create a value of the coin, and more demand will take it to the top.

They premined almost half of 3.1bilion, which means 1.5bil? I dont understand what they were trying to say here exactly

How is the current supply 2462448592 (2,4 bilion), if they premined 3.1 but actually just half of that? I mean, what?

Also why is coinmarket cap not calculating this existing, spendable ready to be dumped 2 bilion into the price?

Market cap    /    Coin supply        =   Price  
26,595 BTC   /    474,508,849       =   0.00005604 BTC     <--- Current stated price acording to coinmarket cap
26,595 BTC   /    2,462,448,580    =   0.00001080 BTC     <--- Real price considering the real available supply

Price should be 5 times lower.

Anyway, beware with this coin

Edit:
The block explorer is also shit, block #2, with the premined 2bil: https://scnblockchain.com/block/ae1ae408b74d6ce810c456a6a4c8c3061c93f26d78ac1e04cfad212848a07551

The coins were mined to: SYFiTiRRHw688wtom3GoczmLD5YpFw6g9K   and this address is showing no transactions: https://scnblockchain.com/address/SYFiTiRRHw688wtom3GoczmLD5YpFw6g9K

They probably intentionally deleted these transactions from the blockexplorer database...and the same goes for all the addresse in the premine. They are all showing balance 0.

If they premined billions then they changed block #2 reward output because it shows only 20350000 (20.35mil) . Like you said it shows to an address with 0 balance and 0 transactions. This database has def been altered. Some mega shady shit right there.

[krile]

This is one strange coin.

Funny thing is they removed the usual "moneysupply" output from the getinfo rpc command.

You have to use the gettxoutsetinfo

swiscoind gettxoutsetinfo
{
    "height" : 162715,
    "bestblock" : "f90e40f14b46aed666637f821a0ddffda3cd7d7b5f59ededa72160ba37892dda",
    "transactions" : 71151,
    "txouts" : 72656,
    "bytes_serialized" : 4695675,
    "hash_serialized" : "2bea2830791b0a56a0ea078f673901853f2d9cc31f64f471a7d4ff3dbe473741",
    "total_amount" : 2462448592.00000000
}

Like stated here:

Premined Coins

Swiscoin has come with 3.1 billion coins technology, It premined almost half means 1.5 billion coins for the purpose of marketing after the target reached it will be flushed. Just the genesis block and the first 2 blocks to confirm the genesis is valid.  We believe a coin needs to be released in a fair manner.  Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Litecoin.  Yes, it is true that without a stash of pre-mined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better. We believe to create a value of the coin, and more demand will take it to the top.

They premined almost half of 3.1bilion, which means 1.5bil? I dont understand what they were trying to say here exactly

How is the current supply 2462448592 (2,4 bilion), if they premined 3.1 but actually just half of that? I mean, what?

Also why is coinmarket cap not calculating this existing, spendable ready to be dumped 2 bilion into the price?

Market cap    /    Coin supply        =   Price  
26,595 BTC   /    474,508,849       =   0.00005604 BTC     <--- Current stated price acording to coinmarket cap
26,595 BTC   /    2,462,448,580    =   0.00001080 BTC     <--- Real price considering the real available supply

Price should be 5 times lower.

Anyway, beware with this coin

Edit:
The block explorer is also shit, block #2, with the premined 2bil: https://scnblockchain.com/block/ae1ae408b74d6ce810c456a6a4c8c3061c93f26d78ac1e04cfad212848a07551

The coins were mined to: SYFiTiRRHw688wtom3GoczmLD5YpFw6g9K   and this address is showing no transactions: https://scnblockchain.com/address/SYFiTiRRHw688wtom3GoczmLD5YpFw6g9K

They probably intentionally deleted these transactions from the blockexplorer database...and the same goes for all the addresse in the premine. They are all showing balance 0.

If they premined billions then they changed block #2 reward output because it shows only 20350000 (20.35mil) . Like you said it shows to an address with 0 balance and 0 transactions. This database has def been altered. Some mega shady shit right there.

Sorry about that, I did not count the zeros correctly.

In the code, main.cpp:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 25 * COIN;
    if(nHeight == 2 || nHeight == 20 || nHeight == 200 || nHeight == 2000)  
    {
        nSubsidy = 20350000 * COIN;
    }
    else if(nHeight < 17000)  
    {
        nSubsidy = 140000 * COIN;
    }
    else
    {
   nSubsidy = 12 * COIN;
    }    
    // Subsidy is cut in half every 840000 blocks, which will occur approximately every 4 years
    nSubsidy >>= (nHeight / 840000); // Swiscoin: 840k blocks in ~4 years

    return nSubsidy + nFees;
}

So the 2 bilions is from 16996 blocks x 140000 SCN = 2379860000 SCN and block#2, #20, #200 and #2000 has the 20350000 SCN reward for some reason.

I mean, who would anyone do this, why have block #2, #20, #200 and #2000 make 20milions. Why not just make more blocks with the 140000 reward.

Maybe the preminers were playing lottery among themselves haha

This is a silly coin

[EpyxZ]

This is one strange coin.

Funny thing is they removed the usual "moneysupply" output from the getinfo rpc command.

You have to use the gettxoutsetinfo

swiscoind gettxoutsetinfo
{
    "height" : 162715,
    "bestblock" : "f90e40f14b46aed666637f821a0ddffda3cd7d7b5f59ededa72160ba37892dda",
    "transactions" : 71151,
    "txouts" : 72656,
    "bytes_serialized" : 4695675,
    "hash_serialized" : "2bea2830791b0a56a0ea078f673901853f2d9cc31f64f471a7d4ff3dbe473741",
    "total_amount" : 2462448592.00000000
}

Like stated here:

Premined Coins

Swiscoin has come with 3.1 billion coins technology, It premined almost half means 1.5 billion coins for the purpose of marketing after the target reached it will be flushed. Just the genesis block and the first 2 blocks to confirm the genesis is valid.  We believe a coin needs to be released in a fair manner.  Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Litecoin.  Yes, it is true that without a stash of pre-mined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better. We believe to create a value of the coin, and more demand will take it to the top.

They premined almost half of 3.1bilion, which means 1.5bil? I dont understand what they were trying to say here exactly

How is the current supply 2462448592 (2,4 bilion), if they premined 3.1 but actually just half of that? I mean, what?

Also why is coinmarket cap not calculating this existing, spendable ready to be dumped 2 bilion into the price?

Market cap    /    Coin supply        =   Price  
26,595 BTC   /    474,508,849       =   0.00005604 BTC     <--- Current stated price acording to coinmarket cap
26,595 BTC   /    2,462,448,580    =   0.00001080 BTC     <--- Real price considering the real available supply

Price should be 5 times lower.

Anyway, beware with this coin

Edit:
The block explorer is also shit, block #2, with the premined 2bil: https://scnblockchain.com/block/ae1ae408b74d6ce810c456a6a4c8c3061c93f26d78ac1e04cfad212848a07551

The coins were mined to: SYFiTiRRHw688wtom3GoczmLD5YpFw6g9K   and this address is showing no transactions: https://scnblockchain.com/address/SYFiTiRRHw688wtom3GoczmLD5YpFw6g9K

They probably intentionally deleted these transactions from the blockexplorer database...and the same goes for all the addresse in the premine. They are all showing balance 0.

If they premined billions then they changed block #2 reward output because it shows only 20350000 (20.35mil) . Like you said it shows to an address with 0 balance and 0 transactions. This database has def been altered. Some mega shady shit right there.

Sorry about that, I did not count the zeros correctly.

In the code, main.cpp:
int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 25 * COIN;
    if(nHeight == 2 || nHeight == 20 || nHeight == 200 || nHeight == 2000)  
    {
        nSubsidy = 20350000 * COIN;
    }
    else if(nHeight < 17000)  
    {
        nSubsidy = 140000 * COIN;
    }
    else
    {
   nSubsidy = 12 * COIN;
    }    
    // Subsidy is cut in half every 840000 blocks, which will occur approximately every 4 years
    nSubsidy >>= (nHeight / 840000); // Swiscoin: 840k blocks in ~4 years

    return nSubsidy + nFees;
}

So the 2 bilions is from 16996 blocks x 140000 SCN = 2379860000 SCN and block#2, #20, #200 and #2000 has the 20350000 SCN reward for some reason.

I mean, who would anyone do this, why have block #2, #20, #200 and #2000 make 20milions. Why not just make more blocks with the 140000 reward.

Maybe the preminers were playing lottery among themselves haha

This is a silly coin

Or simply just put the entire reward on block 1 instead of spreading it over 17k blocks. seems like a lot of effort for nothing if theres nothing shady going on :p whats the pos rate? they get a nice first pos block chunk too? shit Imma just download the src lol :p Good fun

[krile]

Or simply just put the entire reward on block 1 instead of spreading it over 17k blocks. seems like a lot of effort for nothing if theres nothing shady going on :p whats the pos rate? they get a nice first pos block chunk too? shit Imma just download the src lol :p Good fun

There is no pos. Pow only.

And you are right, too much effort for nothing. This coin has more holes in it than swis cheese, get it?

Anyway, I am out of here, just wanted to warn people that its a strange coin.

Good luck to the devs and the "community"

[miayama]

Straight top coin, volume few million day. Let them buy this coins at all enough   2.5 billion coins at this price  , since it is already in top 5 coins.

[Boobies00]

Swiscoin volume is 1.5 million today and up 135% on CMC.


WTF? is this a scam or real? Seems like a scam. But it has large volume and a big pump. wow. someone has plenty of scamming money to throw around.

[EpyxZ]

Swiscoin volume is 1.5 million today and up 135% on CMC.


WTF? is this a scam or real? Seems like a scam. But it has large volume and a big pump. wow. someone has plenty of scamming money to throw around.

Never know now days. Could be 100% legit or might not. No matter what we all think or feel in the end time will def let us know. More people with money are getting involved in crypto so its getting harder to tell real investors vs single rich guy getting richer There was some scam well joke or wtf ever on reddit months back where some guy was giving away like 1500btc. and he burnt like 10btc in transaction to prove it was real. But in the end he was just basically throwing he was rich in peoples faces. The world is just disgusting now days :p

[BlockchainOS]

Hey! it's ranked on the 15th place in coinmarketcap!
What a surprise!

[charmingfreddie]

Why would anybody clone Litecoin? Maybe because its the easiest to clone? Dont get it?

[hgfcjfuik]

swisscoin is shit coin, i wo';t buy this coin

[vthfvuuj]

it's true . too much premine and Seems like a scam

[moezza]

Good luck to the devs and the "community"

[jadenunderhill]

Coinitrage.com Arbitrage Firm now accepts SCN!



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