new coin on the block KingNcoin KNC price speculation

[brokedummy]

https://yobit.net/en/trade/KNC/BTC

This is the market in question. It was a 2 btc market cap when I suggested in the trollbox to buy this coin. I got some for free in the giveaway and bounty program. I also bought on the first market when the market cap was even lower. It has risen from .0005 to .008 already. There is only 2502 coins in circulation at the start of the market. Pretty much just the coins that were premined and either held by dev or given away during the giveaway/bounty period, and the proof of stake interest won't generate many coins but it will function for thousands of years until max supply of 420000 is reached then I don't know what happens. The market seems to like the coin at least as a low market cap play. What do we think the value of the coin should be? I've already got btc profit and over 1.5% of the coins, so that tells you the dev is letting some coins leak out and the geolocation feature of the block explorer shows the coin is truly global already except for south america and africa and australia. At the time of this writing all my KingNcoins are in my wallet staking, I'm actually trying to buy back my trading coins right now so I should be fudding.

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[Kingn56]

Haha, Just saw this, cool thread dude.


Personally I think we are still just getting off the ground, With the small amount of people involved and the wealth everyone has available if needed I think this is not a top but actually a bottom, Our market cap is still considerably small compared to much of what we see today, but then again we also do not have a 5 billion supply with 4billion being held by one person so the dynamics of the entire thing are different, What we see with such a low supply is real organic growth.

[brokedummy]

Price is way up again today.

[tehMoonwalker]

damn for a minute i thought you talk about this useless garbage coin:

https://bitcointalk.org/index.php?topic=1856190.520

still got 1k from airdrop haha

[Martijntjuh]

So what new innovation does this coin offer?

[brokedummy]

So what new innovation does this coin offer?

I don't think it has any. I just thought it was interesting how it was set up. I asked for some in the giveaway and I got some. This gave me some confidence to buy other's giveaway coins cheap and then when it went up I got my investment back. Now I have a fairly decent pos only currency that can't be mined and I'll earn interest on my free holdings for thousands of years. Enough to sustain my robot body with the fuel it needs to carry my consciousness.