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Author Topic: [ANN] GAYMoney - X11 - 20%APR PoS - LGBTQ CRYPTOCURRENCY  (Read 2166 times)
lupanar
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September 02, 2017, 02:41:28 PM
 #21

Noone interested in Gaycoin, guess even gays not interested in Gaycoin.

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September 02, 2017, 02:45:53 PM
 #22

current price:0.00001402sat

total:10 billion  Shocked Shocked Shocked

great coin Grin

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September 02, 2017, 03:15:20 PM
 #23

it's launching in 2014, is there a bitcointalk thread? I just want to see it, if you do not mind, thank you

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September 02, 2017, 05:31:30 PM
 #24

The total supply is quite a lot, is there any airdrop for this project? I am very interested in the concept, unique, I will continue to see the progress of this project and wait for more information about bounty, good luck

The total supply is looking forward to a base fifty year lifespan on the coin, and essential liquidity once we begin to add merchant partners to the service. Owing to the nature of our market, there has been great response thus far. Close to a score of retailers, online businesses and artisans have expressed enthusiasm for integration thus far. We have reached out to a trusted thirdparty developer to build out our Android and iOS wallets, and have our "GAY Money ACCEPTED HERE" stickers ready. We are vigorously investigating providing GAY Money reloadable ATM cards,  and current multi-wallet solutions. Building ease of use for consumers and merchants is one of our top priorities at the moment.

Airdrops, in the current cryptocurrency definition of the term, are a very popular way of putting the currency out into the hands of as many individuals as possible. Our stated goal from the beginning is to put GAY Money into as many hands as possible, but to do so in a responsible way towards our target markets. Our Foundation Wallet holds the funds that will be slowly released over the next 25-50 years, governed by community voting which will be incentivized with simple proportionate profit sharing.

Social media campaigns will begin shortly. We will be looking to add GAY Money to a further couple of exchanges, and we will likely tie our airdrops, at first, to voting schemata to ensure listings. We will have a proposal area on the new gay.money website wherein community members can submit philanthropic or investment proposals. We will ensure proper mechanisms in place for community involvement and voting on those charitable requests. If you want to send us a proposal beforehand, these can be submitted via PM here or thru our email: ceo@gay.foundation


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abvhiael
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September 02, 2017, 08:38:48 PM
 #25

Noone interested in Gaycoin, guess even gays not interested in Gaycoin.

It would be erroneous to equate quiet activity on a forum with a lack of development or interest with the GAY Money project. Much of what we are doing presently is to establish the architecture to provide as much utility and retail pertinence as we can, with an eye to easy accessibility and convenience of use. The goal is to re-invigorate this project, leveraging the changing attitudes towards cryptocurrency.

Like any cryptocurrency, real world function is the lifeblood of a project. Our intent is to build a diverse global network of shopkeepers, business-people, artisans, and consumers participating in the digital LGBT economy. Like any cryptocurrency, we face simple adoption awareness.

I send out between 25-50 emails every day, to LGBT-owned businesses around the world. I concentrate daily efforts in specific geographies: cities with active LGBT Chamber of Commerce organizations, or that have recognized "gay villages" and localized economies already in place. I get four or five responses a day. Many are asking for more information, and several are very enthusiastic to participate in the GAY Money digital ecosystem.

We are ACTIVELY pursuing our Android and iOS wallet builds, and are in the process of helping set up the payment gateways for online shopping. We have close to a score of merchants prepared to participate with GAY Money already, and more are showing interest every day. When we have official integrations, these will be announced on this forum, with links to the businesses and services in question. We will be linking and building the GAY Money directory and bazaar at gaymoney.market to promote these businesses and the further retail adoption of GAY Money.

We represent a vastly diverse and globally self-identified market. Estimates based on Census reporting put the "gay market" purchasing power at over USD $825 Billion in the US alone. This is a market with very strong brand loyalty, and has a large proportion of "double income-no kids" households. Common demographic numbers on market research sites state:

Quote
Numbers show that 70% of LGBT adults would pay for a premium product from a company that supports the LGBT community. Also, 74% of them are likely to consider brands that support nonprofits/causes important to LGBT consumers. And 78% of LGBT adults, their friends, family, and relatives would switch to brands that are known to be LGBT-friendly.
(via Community Marketing Inc. & Harris Interactive)

Like any other project, we have to pioneer the idea of cryptocurrency usage to the our marketplace. This is not something that will happen overnight, but we will continue to maintain development for the cryptocurrency side of the project at the same time as we build our network of merchants and artists. All of this is, ultimately, to monetise the funding we are going to produce for LGBT causes, endowments, scholarships, sponsorships, et cetera. We have to find a balance between marketability and philanthropy.

What you interpret as "lack of interest" is unsubstantiated. We arent going to make grandstand announcements. We arent marketing GAY Money thru ICOs to fund questionable and ambigious project goals. We are self-funding our development and letting our consistent approach to broadening our user base with an actual understanding of the market we are designed to provide service for speak for itself.

The market is shallow, admittedly, but that will change. A single BTC invested into GAY Money at the current moment would bring values to from about 8 cents US to nearly 34 cents. 2 BTC would drive the price to over 65 cents US. Interest, and demand, will arrive with retail usability. Its the network effect with technological adoption.

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September 06, 2017, 12:59:12 AM
 #26

We've updated our GAY Money faucet at faucet.gay.money

As such, we've also upgraded the rewards, so that an equal chance per dispense of between 1000-5000 μGAY every hour, with automatic delivery to your wallet when the threshold of 20000 μGAY (0.2 GAY) is reached. And best of all, no CAPTCHA! (chuckles)

Also, to catch up on the posts that I hadnt had time to respond to yet:

current price:0.00001402sat

total:10 billion  Shocked Shocked Shocked

great coin Grin

10,000,000,000 GAY will be the total units of GAY Money minted. 5 billion of that is locked away in the non-staking GAY Foundation fund, and there will be ample stakeholder involvement in how that fund is administered. Those funds are earmarked to maintain a self-sufficient funding mechanism, one that is designed to last generations. Currently there are a little over 620 million in circulation, not counting the funds POSWallet "lost", which have remained unstaking and dormant for a long time.

FOUR of the Top 10 cryptocurrencies by market capitalization have maximum total supplies much higher than what GAY Money has scheduled as a cap in the currency supply. As far as presently circulating supply is concerned, GAY Money isnt even in the Top 100.

The value on the exchange market is what the market agrees to. We can only show by consistent progress towards greater ease of access and use, and continue to build a diverse ready market for adopters of GAY Money to utilize the currency with. We will show that we have a strong business model mapped out and a comprehensive understanding of the consumer base we are marketing to.

The price will rise. Supply and demand are the basic drivers of any market, whether it is crypto or commodities or stocks and bonds. As we increase the number of places one can SPEND GAY, its price will increase.

I really DO think this is a great coin. We have a brand-loyal global consumer base and no competitor vying for their digital dollars. We are focused on retail utility, and plan to offer a full suite of "digital economy services". Unlike a lot of currencies, we arent going to raise funds through ICOs, we are self-funded. I even pull a living wage from the project, allowing me to work on this full time.

Granted, the work ahead of us is daunting. We have a massive market to get in touch with, we have many plans that we are working on, tirelessly, to implement. Where we have the interest of just over 20 merchants and services presently, I have set the personal goal to have the "GAY Money Accepted Here" sign in a thousand storefronts by the end of 2018.

And given the nature of our customer base outside of the cryptosphere, that might even be short changing my ambition.

it's launching in 2014, is there a bitcointalk thread? I just want to see it, if you do not mind, thank you

"GayCoin" was launched on Valentines Day, 2014.
https://bitcointalk.org/index.php?topic=465940.0
The project was originally a LTC clone, with a much smaller outward focus. Given the topography of the cryptocurrency landscape in 2014, it went as well as could be expected for a development team of one.

There was a lot of work that continued on the project, gaining exchange presences, and as seen at https://cryptolonography.tumblr.com/tagged/gaycoin, Mr. Lawin was still working on promoting the idea in January 2015, with banner graphics ideas.

A newer [ANN] was released in September 2016, with a fresher x11 algorithm and a POW/POS hybridization.
https://bitcointalk.org/index.php?topic=1616928.0
This thread was locked within a month as Mr. Lawin felt great frustration putting forth his message, and faced the same sort of harrassment and ridicule as evidenced with the GayCoin originally.

This is simply a rebranding of the existing project, taking a fresh approach at how to market the coin, how to integrate it into a retail market in as diverse a way possible, and how to build a philanthropic network that builds a positive economic reality powered by strong real market utility.

I believe very stongly in the future of niche-market cryptocurrencies, and as we have a massive, self-identifying consumer base with no direct competitor positioning themselves with similar services, the sky is the limit for us. Every altcoin needs a purpose. Ours is to provide a digital economy to the LGBTQ community and build from there.

I wont announce our integrations until they are set up and working, but we have several services that operate on an international level that we are working with towards simple website integration to start and then with stand-alone smart phone GAY Money wallet apps. Most others are, admittedly, single storefronts with strong ties to the LGBT community, and a few interested participants are artists and craftspeople who are waiting for the GAY Bazaar. I am discussing further integrations with new contacts nearly every day. This will have a snowball effect.




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September 13, 2017, 10:14:07 PM
 #27

our websites have been updated!

http://www.gay.money/
http://www.gay.foundation/

we are presently working with a directory/multi-vendor market template to set up https://gaymoney.market/ with integrated GAY Money support at checkout.

we are also working on a GAY Money wiki and are in conversation with an Android wallet app provider to produce a stand-alone wallet. We do have some plans to improve the wallet as we go along, and have plans to incorporate a social connection functionality for our Android and iOS offerings down the road.


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September 13, 2017, 10:18:15 PM
 #28

Noone interested in Gaycoin, guess even gays not interested in Gaycoin.

https://coinmarketcap.com/currencies/gaycoin/

There's only 5 billion of them!  Better rush to get yours before they're all gone!

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September 17, 2017, 04:08:59 PM
 #29

Noone interested in Gaycoin, guess even gays not interested in Gaycoin.

https://coinmarketcap.com/currencies/gaycoin/

There's only 5 billion of them!  Better rush to get yours before they're all gone!



there are 5 billion GAY set up in the non-staking Foundation wallet, which was pre-established to provide the philanthropic funding this project is designed to provide, in a very measured way. As this fund is designed to provide 50 years of humanitarian use, the maximum we will release in any given year will be 100,000,000 GAY. Those remain out of circulation, and will have distinct community input towards their usage.

Currently, there are about 630 million GAY in circulation. Of those, only about 135,000 GAY are available on the market.

When you decide to look into supply as a reason to invest or not, you cannot simply take into account the figures coinmarketcap gives you, and decide "well, that's that." We have been emailing them over and over again across several months to get our listing updated properly, to have our market cap appropriately shown on site, both regarding circulating and total supply. Ive personally gotten three separate messages from them saying the issue was resolved and we would see a proper accounting with 24 hours, and then have to send off another email a few days later when their promised support implementation does not come to pass.

Our block explorer at explorer.gay.money provides all the necessary information for GAY Money to be treated equitably and have our market cap reflected appropriately.

Currently we are listed with the rank of 974th on the list.

With 5,630,598,765 GAY in TOTAL supply, and an exchange rate equal to USD $0.032986, GAY Money has a total market cap valued at USD $185,730,930.86. Related to that statistic, GAY Money owns the 39th rank, just ahead of Decred and Bitshares.

In terms of CIRCULATING supply, we disregard the non-staking Foundation wallets balance and find a market cap equal to USD $20,800,930.86. That ranks GAY Money at #121.

IN terms of the market, and the "early-adopter" advantage to where the market price sits presently, if one examines the GAY/BTC market, on the sell wall, 1BTC invested towards GAY (against the approx. 135000 available on the market) would increase the value to .00005451 BTC, about USD $0.20.... a 600% rise in value... presenting a TOTAL supply value reaching USD $1,134,565,651.15... good for 14th overall, ahead of Ethereum Classic.... or a CIRCULATING value of USD$127,065,651.15...42nd overall and just behind the DigixDAO.

2BTC invested and the rate jumps to 0.0001 BTC (USD $0.37) and a total value of $2,083,321,543.05 (10th place just behind DASH) or a circulating value of $233,321,543.05 (23rd, displacing Bytecoin).

Thats with ONLY 2BTC invested towards that market.

With our push towards retail integrations, both online and "bricks-and-mortar", that currently available 135,000 GAY isnt going to last long. Like any project, you have to look at the big picture and the long term. Unfortunately, in the cryptocurrency economic world, most people are looking at how to make their profits overnight, and have zero appreciation for the work that goes on behind the scenes. Most investors are too lazy to look deep into any project, and then complain when they lose money.

There are several things that a cryptocurrency NEEDS to survive, to be RELEVANT. and its not the promise of instant huge profits. they are there to be made, if you are smart about it, but we would rather concentrate on building our retail structure. Our gaymoney.market site is presently in the works. We will be employing a directory with full pages for our participatory LGBT-owned and -friendly businesses, replete with a built in market for them to list goods directly on the market and choose static or dynamic pricing. We have a visible market to which we are positioning our services, and working towards a viable LGBT eCommerce hub.  

You can choose to ignore the opportunity the GAY Money value presents right now, or dismiss the project because "its a niche market" or because of a preconception about the community we are marketing to in one form or another, but thats simply lazy investing. GAY Money will get noticed, and sooner than later, considering the projects we are working on. It wont matter how hard coinmarketcap works to keep our actual value hidden by being obtuse and uncooperative.

You are either one of the smart early-adopters, or one of the ones that tries to grab on when the value is rising. Im not claiming we're "GOING TO THE MOON!" with our value, but we have the infrastructure in place to build a very successful project. We arent asking you to invest in an ICO, we're just going to build our services, create a strong and viable currency, and let our work speak for itself to investors. I can see GAY Money reaching par with the USD very easily, and holding that without a problem.





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grizmoblust
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September 17, 2017, 04:15:26 PM
 #30

Really? we have gay coin =))) I dont known how my friend feeling when they see me hold this coin

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