[ANN] [SPTC] Spoutcoin | Native Currency of Spout - The Anonymous App

[ignitiondefect]

Can you explain:

-No escrow for first crowdsale
-No app yet
-basic website
-No team listed
-No whitepaper

This provokes alot of skeptisism

[Spout]

Can you explain:

-No escrow for first crowdsale
-No app yet
-basic website
-No team listed
-No whitepaper

This provokes alot of skeptisism

- As stated before, Crowdsale 1 will take place prior to the February release of Spout’s Android version, official app launch, and integration of Counterparty-compatible wallet. As a result, participants are expected to consist primarily of existing Spout stakeholders and others in the community familiar with the app and our plans. So escrow is not something most purchasers will care about. It's a relatively small amount of Bitcoin involved and there aren't really any milestones to add as conditions of release. Escrow wouldn't be difficult to do actually but wouldn't really offer any substantive protections for Crowdsale 1 participants.

- We do have an IOS app (https://itunes.apple.com/us/app/spout-anonymous-local-chat/id1144767617?mt=8) and are working on testing the Android version currently. The Android version will be released concurrently with the official public announcement of the app.

- The website is basically a placeholder and will be updated in February in advance of the main crowdsale (Crowdsale 2).

- Info on the team will be included in the Whitepaper released in a few days.

- Re; whitepaper; again this will be released this coming Monday (Jan 23rd) at the latest.

[samuraijin]

it has not seen interesting to get a token counterparty

[ignitiondefect]

it has not seen interesting to get a token counterparty

Unless its Storjcoin, worth 8 million. Or Bitcrystals, worth 5m plus. Both Counterparty.

[heal]

and android app?

[Spout]

and android app?

The Android app has been developed and is feature-complete. We're doing internal testing now and it will be released in Google Play in February.

[logictense]

it has not seen interesting to get a token counterparty

Unless its Storjcoin, worth 8 million. Or Bitcrystals, worth 5m plus. Both Counterparty.

Bitcrystals, who is trading that scrap? Storj is alright, but its not a profit maker, and I dont see it soaring coz its connected to political events in palestine.

[Spout]

it has not seen interesting to get a token counterparty

Unless its Storjcoin, worth 8 million. Or Bitcrystals, worth 5m plus. Both Counterparty.

Bitcrystals, who is trading that scrap? Storj is alright, but its not a profit maker, and I dont see it soaring coz its connected to political events in palestine.

Our supply may need to be changed but the Counterparty platform is great and already has proven itself with many multi-million dollar cap coins. There's nothing limiting about using a Counterparty asset from the perspective of building a valuable coin. In fact there are a number of advantages which will be discussed in the upcoming whitepaper. In any event our initial market cap will be small, allowing for alot of upside for early adopters - which is intentional.

[ignitiondefect]

Good coin abbreviation would be SPT

[Spout]

Good coin abbreviation would be SPT

I have a question in about this. I should have something tomorrow.

[ignitiondefect]

100 million Spoutcoins may be the correct supply in my opinion. So obviously each spoutcoin be worth 100x as much because you'd be reducing the supply by 99%. So instead of giving away 1 Spoutcoin, you just give away .01 spoutcoins.

[ignitiondefect]

Apparently currency codes that are not official nationa currencies are supposed to start with an X. That's why Bitcoin is starting to be listed as XBT instead of BTC. Maybe Spoutcoin could be XSP?

[Spout]

We created SPTC (distinct from SPOUTCOIN) on IndieSquare today with 100 million coins. This will probably be the one we use

[Spout]

Supply changed to 100 million.

[eachann47]

it has not seen interesting to get a token counterparty

iterest level should be there without our interest we can do prperly.

[Spout]

it has not seen interesting to get a token counterparty

iterest level should be there without our interest we can do prperly.

What do you mean?

[Spout]

it has not seen interesting to get a token counterparty

Unless its Storjcoin, worth 8 million. Or Bitcrystals, worth 5m plus. Both Counterparty.

Bitcrystals, who is trading that scrap? Storj is alright, but its not a profit maker, and I dont see it soaring coz its connected to political events in palestine.

I think Storj (another Counterparty asset) had an $8 million market cap last time I checked. Bitcrystals is at $5m or so. There are numerous others in the multi-millions. Then there's XCP itself at $5m or so. Not bad company to be in.

[Spout]

no whitepaper yet?

The whitepaper will be posted tomorrow (Sunday) night or early Monday morning.

[Spout]

Good coin abbreviation would be SPT

The coin abbreviation will be SPTC.

[Spout]

Whitepaper should be online tonight/tomorrow morning.