Costanza1
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January 13, 2018, 02:37:27 AM |
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Just a question about this coin, someone please tell me if I'm missing something.
I understand that after the ICO ends, 15 billion coins will enter circulation. Currently there are only 96 million @ 720 sats / 0,10 USD as I write this. Market cap is currently 10 million USD.
If that's right, then theoretically the market cap would have to increase at least x150 times to 1.5 billion USD only for the coins to PRESERVE their current price and not plummet. So to me it appears these coins are extremely overpriced right now. Thoughts?
So can't anyone reply this? I'm interested in investing but unsecure. Regardless of what Dickie posts, I indeed see lots of red flags about this. Agreed. When will the remaining supply be released?
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Patriarch (OP)
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Merit: 258
Founder of PROCOMMERCE.IO
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January 13, 2018, 03:16:58 AM |
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We are thrilled to announce PROC is being integrated into SinglePoint's upcoming Nationally Syndicated Bitcoin Payment Platform as their currency to serve underbanked markets. Production to begin January 19th!!!
Click the Image for more details!
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crypto_1028
Jr. Member
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Activity: 60
Merit: 2
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January 13, 2018, 03:38:55 AM |
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arrowflash
Newbie
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Activity: 19
Merit: 0
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January 13, 2018, 05:33:54 AM |
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Just a question about this coin, someone please tell me if I'm missing something.
I understand that after the ICO ends, 15 billion coins will enter circulation. Currently there are only 96 million @ 720 sats / 0,10 USD as I write this. Market cap is currently 10 million USD.
If that's right, then theoretically the market cap would have to increase at least x150 times to 1.5 billion USD only for the coins to PRESERVE their current price and not plummet. So to me it appears these coins are extremely overpriced right now. Thoughts?
So can't anyone reply this? I'm interested in investing but unsecure. Regardless of what Dickie posts, I indeed see lots of red flags about this. Agreed. When will the remaining supply be released? Now I'm embarassed. The answer is right there on the website: https://www.procommerce.io/coin_distribution/"The coins will slowly be issued for the purpose of rewards as the users start using the apps and platforms. We have provided a structure of how the coins are allocated and to inform you of where the majority of the currency is held and what it’s designed for. The coins reserved for the PRO Rewards app are the designated coins designed to be redeemable for those that shop and earn PRO Rewards as a rebate. The coins in escrow are held by developers for the purpose releasing them as the apps are launched and will be used strictly for the purpose of incentives within the app’s eco system." https://www.procommerce.io/static/site/img/PRO_unsold_coin_scrow_agreement.pdfThat's okay I guess.
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TheNitrix
Newbie
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Activity: 22
Merit: 0
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January 13, 2018, 09:43:12 AM |
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Just a question about this coin, someone please tell me if I'm missing something.
I understand that after the ICO ends, 15 billion coins will enter circulation. Currently there are only 96 million @ 720 sats / 0,10 USD as I write this. Market cap is currently 10 million USD.
If that's right, then theoretically the market cap would have to increase at least x150 times to 1.5 billion USD only for the coins to PRESERVE their current price and not plummet. So to me it appears these coins are extremely overpriced right now. Thoughts?
So can't anyone reply this? I'm interested in investing but unsecure. Regardless of what Dickie posts, I indeed see lots of red flags about this. Agreed. When will the remaining supply be released? Now I'm embarassed. The answer is right there on the website: https://www.procommerce.io/coin_distribution/"The coins will slowly be issued for the purpose of rewards as the users start using the apps and platforms. We have provided a structure of how the coins are allocated and to inform you of where the majority of the currency is held and what it’s designed for. The coins reserved for the PRO Rewards app are the designated coins designed to be redeemable for those that shop and earn PRO Rewards as a rebate. The coins in escrow are held by developers for the purpose releasing them as the apps are launched and will be used strictly for the purpose of incentives within the app’s eco system." https://www.procommerce.io/static/site/img/PRO_unsold_coin_scrow_agreement.pdfThat's okay I guess. I am quite not sure how to comprehend. Kindly explain me this. Is the current price overpriced or not and ellobarate please?
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nier00
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January 13, 2018, 12:16:08 PM Last edit: January 13, 2018, 01:01:23 PM by nier00 |
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We are thrilled to announce PROC is being integrated into SinglePoint's upcoming Nationally Syndicated Bitcoin Payment Platform as their currency to serve underbanked markets. Production to begin January 19th!!!
Click the Image for more details!
Well done Procurrency team. very good move! Dickie D we will see you on TV
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zdeni82
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January 13, 2018, 12:44:22 PM |
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Haha where is DICK now?
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arrowflash
Newbie
Offline
Activity: 19
Merit: 0
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January 13, 2018, 01:48:50 PM |
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Just a question about this coin, someone please tell me if I'm missing something.
I understand that after the ICO ends, 15 billion coins will enter circulation. Currently there are only 96 million @ 720 sats / 0,10 USD as I write this. Market cap is currently 10 million USD.
If that's right, then theoretically the market cap would have to increase at least x150 times to 1.5 billion USD only for the coins to PRESERVE their current price and not plummet. So to me it appears these coins are extremely overpriced right now. Thoughts?
So can't anyone reply this? I'm interested in investing but unsecure. Regardless of what Dickie posts, I indeed see lots of red flags about this. Agreed. When will the remaining supply be released? Now I'm embarassed. The answer is right there on the website: https://www.procommerce.io/coin_distribution/"The coins will slowly be issued for the purpose of rewards as the users start using the apps and platforms. We have provided a structure of how the coins are allocated and to inform you of where the majority of the currency is held and what it’s designed for. The coins reserved for the PRO Rewards app are the designated coins designed to be redeemable for those that shop and earn PRO Rewards as a rebate. The coins in escrow are held by developers for the purpose releasing them as the apps are launched and will be used strictly for the purpose of incentives within the app’s eco system." https://www.procommerce.io/static/site/img/PRO_unsold_coin_scrow_agreement.pdfThat's okay I guess. I am quite not sure how to comprehend. Kindly explain me this. Is the current price overpriced or not and ellobarate please? My understanding is that if they follow the plan, I'd say it's not. The basic explanation is that some of these coins will enter the market gradually over time, as the project grows and milestones are reached. Many are intended to be used only inside the PROcommerce system, meaning people will use them but they will not be available to buy or sell on exchanges. But this is just what I understand from reading the coin distribution documentation. Would Patriarch please help clarify this?
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crypto_1028
Jr. Member
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Activity: 60
Merit: 2
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January 13, 2018, 06:52:37 PM |
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crypto_1028
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Activity: 60
Merit: 2
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January 13, 2018, 08:54:37 PM |
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I bought a iPN package yesterday. This offer ends in a few days.
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Aleksand1
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January 15, 2018, 09:19:14 PM |
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hello, tell me how to send coin money to the address (3jehnPknspjP2n4mqYjfd1B7ApZBQqjJdTA), This address was sent to me by the exchange to replenish the account, but I write that it is not an existing purse, tell me maybe you need something to add? or why could they send me an invalid account for payment?
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JP2020
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January 18, 2018, 05:30:32 AM |
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I'll be interested to see what happens here with the TV exposure. Volume is light, but if 1 or 2 of Harrington's friends jump in, liquidity will dry up in a hurry. What do you guys think?
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JP2020
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January 19, 2018, 06:57:52 AM |
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PRO Commerce @ProCommerceInfo Follow Follow @ProCommerce
Excited for production to start tomorrow to make America aware of PROC thanks to SinglePoint and Kevin Harrington. Stay tuned for an even bigger announcement next week
7:53 PM - 18 Jan 2018
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JP2020
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January 19, 2018, 12:37:44 PM |
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Looks like a little bit of a wall at 0.00000850. Clear sailing to 0.00001000 after that...
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arrowflash
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January 19, 2018, 01:02:41 PM |
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Looks like a little bit of a wall at 0.00000850. Clear sailing to 0.00001000 after that...
This is being manipulated by whales, don't know why. Two huge walls at 850 and 1000. A smaller but still significant one at 1400.
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JP2020
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January 19, 2018, 01:08:02 PM |
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Even so, $50K is hardly an insurmountable amount of money... This should be cleared through within the next 6 hours or so.
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JP2020
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January 19, 2018, 01:56:20 PM |
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Ha, more like $70K now to bust through... Something tells me this will happen sooner rather than later though.
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