[ICO][ANN] ZrCoin [11|05—09|06]Commodity-backed blockchain

[NikS13]

I dumped my coins, I have no trust in this coin, good luck all.

[enigmatical]

I remember, we were promised some bonuses for early investors (first day investors) up till date, we have not recieved that bonus. I have mailed support in regards to this promise and no response ? What is happening?

[marketone]

I dumped my coins, I have no trust in this coin, good luck all.

We need patience because still, they didn't list them on the major exchanges like Bittrex etc. We have to wait until we get any info from dev team because once it is listed in major exchange then the price will increase to more than what we expected.

[NikS13]

I dumped my coins, I have no trust in this coin, good luck all.

We need patience because still, they didn't list them on the major exchanges like Bittrex etc. We have to wait until we get any info from dev team because once it is listed in major exchange then the price will increase to more than what we expected.

It's always patience with this project, that is why I stepped out.

[sidik7]

be patient for this coin ,think this coin is potensial and di hope the price can to be up , wait and see for holding this coin for  one month or until two month , i hope this coin can coming on a big exchange bittrex , yea on there i hope for price can going up, the coin is have more community i think.

[Incubate]

Need some quick information

As i read a little bit, hope i get this right


So basically we are purchasing a token which is Zcoin where they produce
ZrO2
SFM


They will get land, factory and etc
They mentioned
"After the factory is launched we will begin to buy our tokens back using our profits. The repurchase price of the tokens will include the investment income on the Project. The repurchasing period will last for 12 months" ROI will take around 1.5 years

So they will purchase their token back within 12 month after profit is started to generated
And they will use $7,000,000 to purchase back the tokens from the user

After buy back then this project is done and they are on their own now?

Therefore, is this project consider a loan or something?
Next, how much is the ICO price Zrcoin

Thanks

So i participated in the ico and can give you some info. The ico started at a price of $1.40 and ended at $1.55 i believe. The buyback will be at a price of $2.80, so they will need 14m in revenue to buy back all the coins.

Indeed you could consider the ico as a loan. After 15 months the company is free of debt and investors will have doubled their money. The most interesting part is that you can convert zrcoin to company shares (probably in the end-stage of the buy back). Imagine an already highly profitable company without any debt, and the possibility to take a part of the future revenues...

Do you really believe the buyback? Lets run the numbers:
The project will use not less than 70% of the profit for the buyback (T&C:4.2). The Whitepaper says the buyback amount will be “not less than $400,000 a month” and that “estimated monthly yield of the factory’s operation should be RUR 70.6 million” (roughly $1,240,000 at the moment).
Let’s assume that 70% of the profit equals $400,000. 100% of the profit would then be $520,000, which is 42% profit margin.
Having a little bit of experience in economics, you know that a 42% profit margin is just pure illusion.

[HODL_guy]

Need some quick information

As i read a little bit, hope i get this right


So basically we are purchasing a token which is Zcoin where they produce
ZrO2
SFM


They will get land, factory and etc
They mentioned
"After the factory is launched we will begin to buy our tokens back using our profits. The repurchase price of the tokens will include the investment income on the Project. The repurchasing period will last for 12 months" ROI will take around 1.5 years

So they will purchase their token back within 12 month after profit is started to generated
And they will use $7,000,000 to purchase back the tokens from the user

After buy back then this project is done and they are on their own now?

Therefore, is this project consider a loan or something?
Next, how much is the ICO price Zrcoin

Thanks

So i participated in the ico and can give you some info. The ico started at a price of $1.40 and ended at $1.55 i believe. The buyback will be at a price of $2.80, so they will need 14m in revenue to buy back all the coins.

Indeed you could consider the ico as a loan. After 15 months the company is free of debt and investors will have doubled their money. The most interesting part is that you can convert zrcoin to company shares (probably in the end-stage of the buy back). Imagine an already highly profitable company without any debt, and the possibility to take a part of the future revenues...

Do you really believe the buyback? Lets run the numbers:
The project will use not less than 70% of the profit for the buyback (T&C:4.2). The Whitepaper says the buyback amount will be “not less than $400,000 a month” and that “estimated monthly yield of the factory’s operation should be RUR 70.6 million” (roughly $1,240,000 at the moment).
Let’s assume that 70% of the profit equals $400,000. 100% of the profit would then be $520,000, which is 42% profit margin.
Having a little bit of experience in economics, you know that a 42% profit margin is just pure illusion.

42% profit margin for real world business (not crypto) looks a bit high indeed. The date they can buyback the tokens is also optimistic too IMO (unless they are already building the factory!).

[marx hu]

is there any dev here to explain and update all the questions or info??

the price keep dropping.. the figure will be worst at marketcap if not because of hitbtc fake price..

[neolinkhati]

When did the Factory begin to be built?

[preevi]

is there any dev here to explain and update all the questions or info??

the price keep dropping.. the figure will be worst at marketcap if not because of hitbtc fake price..

I agree with you mate, they should more active here
I know they so busy but at least keeping us updated with the project

[malcovixeffect]

is there any dev here to explain and update all the questions or info??

the price keep dropping.. the figure will be worst at marketcap if not because of hitbtc fake price..

I agree with you mate, they should more active here
I know they so busy but at least keeping us updated with the project

I decided i sell all of my assets, i realized this isn't for me cos expect updates to happen after months cos this will really take more time. You dont expect the plant to be built for 3 mos. its possible that it may take year for the plant to be completely functional.

[niksdt101]

is there any dev here to explain and update all the questions or info??

the price keep dropping.. the figure will be worst at marketcap if not because of hitbtc fake price..

I agree with you mate, they should more active here
I know they so busy but at least keeping us updated with the project

I decided i sell all of my assets, i realized this isn't for me cos expect updates to happen after months cos this will really take more time. You dont expect the plant to be built for 3 mos. its possible that it may take year for the plant to be completely functional.

its a good thought . @dev n team its very much needed for weekly updates . so that people can be informative about the status .

[lofegs]

When did the Factory begin to be built?

Also I want to know the answer. That'll be the price indicator

[DonApp]

is there any dev here to explain and update all the questions or info??

the price keep dropping.. the figure will be worst at marketcap if not because of hitbtc fake price..

I agree with you mate, they should more active here
I know they so busy but at least keeping us updated with the project

I decided i sell all of my assets, i realized this isn't for me cos expect updates to happen after months cos this will really take more time. You dont expect the plant to be built for 3 mos. its possible that it may take year for the plant to be completely functional.

If you were unaware about the timeline of this project then you did not read the whitepaper and communications from the team well enough. It was clear from the start that buybacks would happen only 6-8 months after finalization of the ICO. Only then the increase in price can be expected.

[rabbitcoffee]

After 8 months I am thinking about taking delivery of the product, 1kg per coin.  Price currently over 20usd for end product.  Per whitepaper hope everybody has read that....very good read indeed.

[bitcoin-shark]

I dumped my coins, I have no trust in this coin, good luck all.

i trust this coin just wait price raise a little to sell a part of my coins,it will have a great future/evolution in my opinion...

[freew5660]

I dumped my coins, I have no trust in this coin, good luck all.

i trust this coin just wait price raise a little to sell a part of my coins,it will have a great future/evolution in my opinion...

I also trust this coin.
Will keep mine most of it. Could sell some if price goes up.

[Live.me]

Nice to see the price growing up

[Arnaud]

News?

[freew5660]

News?

We've been waiting. Maybe updates, some documents about the plants, some agreements.... Regular update is needed.