[ANN] | PARAGON | Revolutionizing the Cannabis Industry |

[Rigorous]

They even tell you to contact them on telegram... But they forget to mention that they got kicked off telegram!

What do you mean? The Telegram link is on their homepage and the chat is active. They are discussing the voting system right now.



https://t.me/joinchat/Bvx800IXuCoe-QGoLXoVlQ

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[magisterr]

Rigorous

What they talking about exchanges? They promiced Bittrex on November 15th

[dkalustov]

Hello Paragonians,

I read through this topic and would like to address several concerns.
1. Price of the token. It is uncommon to see extreme volatility shortly after a token is listed on exchanges. A lot of the time, various parties attempt to make money through trading these tokens - but with a catch. Trading bots will often place sequential sell orders below the market price in order to drive the price perception down - resulting in fear and panic selling. The same party can then acquire tokens for a much lesser amount in order to sell these later. If you will take closer look to the daily trading volume between 3 exchanges that currently listed PRG is just around 3 BTC.
Over 50,000 people backed this crowdsale, with tens of millions of tokens distributed. Very few tokens are currently being traded. We can’t know all the of the reasons for sure, but some people are scared of trolls and FUD, some have personal reasons, some got tokens for the work they did if they value their work to a lesser extent, then it’s their right. Volume and spread affect the market prices directly. The more volume an exchange traded item has, the lower the spread will generally be. The spread is simply the difference between the sell price and the buying price. If, for example, there are 10 buyers who put an item up for sale on an exchange, and one of them drop their selling price to a significantly lower amount than the rest - the price on the exchange will go down as a result. When volumes increase, the spread generally decreases - but more importantly, more volume results in less opportunity for price manipulation by a small group.

2. Voting. Right now we have a basic version of the online platform. You can vote, check out a database of cannabis doctors, pre-order Paragon swag. While we understand that we're not a Louis Vuitton to create enough demand for our t-shirts to drive the demand for PRG tokens up, we encourage everyone to vote on the first location of our Paragon coworking space. I can’t stress enough how important it is for our community to vote on the pivotal decisions for Paragons future growth and development.
Bringing the first Paragon Space to your city will mean:

1. New jobs created
2. More money to your city’s economy
3. One of the first cities to have cannabis-specific co-working spaces
4. The first city to have a crypto-only co-working spaces
5. Support cannabis industry and young entrepreneurs/startups in this space

We don't make money from those votes. The tokens used for voting are burned. So Paragon does NOT profit from voting.
 
3. Scam allegations. ParagonCoin successfully finished the crowdsale nearly a month ago and yet we are still here, assisting each client to set up to wallet and get their tokens, launched MVP, burned unsold tokens, got listed on 3 exchanges and running the voting for the first ParagonSpace city we are ahead of schedule on our promises. When people say "ponzi scheme" I wonder if they know what actually "ponzi scheme" is. So just for the reference https://en.wikipedia.org/wiki/Ponzi_scheme
Paragon Team, website, whitepaper never suggested any get rich fast schemes, immediate price increase and/or quick profit.

Thank you, please feel free to join our telegram chat https://t.me/joinchat/Bvx800IXuCoe-QGoLXoVlQ or contact me directly @dkalustov.

[Zechis966]

They even tell you to contact them on telegram... But they forget to mention that they got kicked off telegram!

What do you mean? The Telegram link is on their homepage and the chat is active. They are discussing the voting system right now.

That screenshot makes it seem even more dubious to me 

Why even rush into getting a physical location down, when you should first test and perfect the voting system without needing to pay.

If they're serious as they claim, they need to develop a protocol that can tell when you send a PRG, it gets sent back and tallied based on the weight of PRG on that address sent from...but it needs to refund the PRG initially anyway as people already feel duped.

Here's the issue, and these shitty ICO developers left and right can deny it, but they're pricing the ICO tokens arbitrarily... when a token is listed for sale at .05 per token people are like...shit only 5 cents? And they won't even think about it.

When people see a price of $2 they're expecting a little something, and then when that price obviously cannot be sustained in teh current market, they don't want to now have to SPEND their devalued crap on voting where the owners of this shit show can get their new property.

Because unless I missed something, no one holding PRG owns any of these locations correct?...you can just rent the booth for 30 minutes LOL

Again, for the record, I thought of all of this crap before investing, but you should always invest a modest amount in even the craziest ideas, on the chance that the public disagrees with your opinions on which projects are crappy.

Looks like the public ended up agreeing with my initial sentiments and took the hate further! ><

[Zechis966]

Hello Paragonians,

I read through this topic and would like to address several concerns.
1. Price of the token. It is uncommon to see extreme volatility shortly after a token is listed on exchanges. A lot of the time, various parties attempt to make money through trading these tokens - but with a catch. Trading bots will often place sequential sell orders below the market price in order to drive the price perception down - resulting in fear and panic selling. The same party can then acquire tokens for a much lesser amount in order to sell these later. If you will take closer look to the daily trading volume between 3 exchanges that currently listed PRG is just around 3 BTC.
Over 50,000 people backed this crowdsale, with tens of millions of tokens distributed. Very few tokens are currently being traded. We can’t know all the of the reasons for sure, but some people are scared of trolls and FUD, some have personal reasons, some got tokens for the work they did if they value their work to a lesser extent, then it’s their right. Volume and spread affect the market prices directly. The more volume an exchange traded item has, the lower the spread will generally be. The spread is simply the difference between the sell price and the buying price. If, for example, there are 10 buyers who put an item up for sale on an exchange, and one of them drop their selling price to a significantly lower amount than the rest - the price on the exchange will go down as a result. When volumes increase, the spread generally decreases - but more importantly, more volume results in less opportunity for price manipulation by a small group.

2. Voting. Right now we have a basic version of the online platform. You can vote, check out a database of cannabis doctors, pre-order Paragon swag. While we understand that we're not a Louis Vuitton to create enough demand for our t-shirts to drive the demand for PRG tokens up, we encourage everyone to vote on the first location of our Paragon coworking space. I can’t stress enough how important it is for our community to vote on the pivotal decisions for Paragons future growth and development.
Bringing the first Paragon Space to your city will mean:

1. New jobs created
2. More money to your city’s economy
3. One of the first cities to have cannabis-specific co-working spaces
4. The first city to have a crypto-only co-working spaces
5. Support cannabis industry and young entrepreneurs/startups in this space

We don't make money from those votes. The tokens used for voting are burned. So Paragon does NOT profit from voting.
 
3. Scam allegations. ParagonCoin successfully finished the crowdsale nearly a month ago and yet we are still here, assisting each client to set up to wallet and get their tokens, launched MVP, burned unsold tokens, got listed on 3 exchanges and running the voting for the first ParagonSpace city we are ahead of schedule on our promises. When people say "ponzi scheme" I wonder if they know what actually "ponzi scheme" is. So just for the reference https://en.wikipedia.org/wiki/Ponzi_scheme
Paragon Team, website, whitepaper never suggested any get rich fast schemes, immediate price increase and/or quick profit.

Thank you, please feel free to join our telegram chat https://t.me/joinchat/Bvx800IXuCoe-QGoLXoVlQ or contact me directly @dkalustov.

Sadly I don't think this did anything to assuage anyone's fears...

So trading bots are the most likely reason for the price being crappy? Because people can't blame 'altcoins' when I have certain altcoins that are still at 3x from ICO and never dropped below 3x...having highs of 7x during the exact same period that PRG was in active and post ICO...

Who owns the coworking place?...as in who gets the most of the money? because it seems like people just bought the heads a space in prime real estate under the guise of hipster marijuana entrepreneurialism.

Everyone keeps touting how marijuana=medicine=therapy blah blah blah....and they donate 'profits' to schools and shit yet apply themselves 6-7 figure salaries...

If pot is really the hope stupid ass states like colorado say it is, then why is there so much greed involved? I almost laughed out loud when you say 'support cannabis entrepreneurs' lol..... more people getting rich off of something that everyone should be growing like they grow peppers/tomatoes annually.

Trading bot conspiracy or not...I'm out if/when it touches ICO price again.

[LiondeNittany]

Hello Paragonians,

I read through this topic and would like to address several concerns.
1. Price of the token. It is uncommon to see extreme volatility shortly after a token is listed on exchanges. A lot of the time, various parties attempt to make money through trading these tokens - but with a catch. Trading bots will often place sequential sell orders below the market price in order to drive the price perception down - resulting in fear and panic selling. The same party can then acquire tokens for a much lesser amount in order to sell these later. If you will take closer look to the daily trading volume between 3 exchanges that currently listed PRG is just around 3 BTC.
Over 50,000 people backed this crowdsale, with tens of millions of tokens distributed. Very few tokens are currently being traded. We can’t know all the of the reasons for sure, but some people are scared of trolls and FUD, some have personal reasons, some got tokens for the work they did if they value their work to a lesser extent, then it’s their right. Volume and spread affect the market prices directly. The more volume an exchange traded item has, the lower the spread will generally be. The spread is simply the difference between the sell price and the buying price. If, for example, there are 10 buyers who put an item up for sale on an exchange, and one of them drop their selling price to a significantly lower amount than the rest - the price on the exchange will go down as a result. When volumes increase, the spread generally decreases - but more importantly, more volume results in less opportunity for price manipulation by a small group.

2. Voting. Right now we have a basic version of the online platform. You can vote, check out a database of cannabis doctors, pre-order Paragon swag. While we understand that we're not a Louis Vuitton to create enough demand for our t-shirts to drive the demand for PRG tokens up, we encourage everyone to vote on the first location of our Paragon coworking space. I can’t stress enough how important it is for our community to vote on the pivotal decisions for Paragons future growth and development.
Bringing the first Paragon Space to your city will mean:

1. New jobs created
2. More money to your city’s economy
3. One of the first cities to have cannabis-specific co-working spaces
4. The first city to have a crypto-only co-working spaces
5. Support cannabis industry and young entrepreneurs/startups in this space

We don't make money from those votes. The tokens used for voting are burned. So Paragon does NOT profit from voting.
 
3. Scam allegations. ParagonCoin successfully finished the crowdsale nearly a month ago and yet we are still here, assisting each client to set up to wallet and get their tokens, launched MVP, burned unsold tokens, got listed on 3 exchanges and running the voting for the first ParagonSpace city we are ahead of schedule on our promises. When people say "ponzi scheme" I wonder if they know what actually "ponzi scheme" is. So just for the reference https://en.wikipedia.org/wiki/Ponzi_scheme
Paragon Team, website, whitepaper never suggested any get rich fast schemes, immediate price increase and/or quick profit.

Thank you, please feel free to join our telegram chat https://t.me/joinchat/Bvx800IXuCoe-QGoLXoVlQ or contact me directly @dkalustov.

Sadly I don't think this did anything to assuage anyone's fears...

So trading bots are the most likely reason for the price being crappy? Because people can't blame 'altcoins' when I have certain altcoins that are still at 3x from ICO and never dropped below 3x...having highs of 7x during the exact same period that PRG was in active and post ICO...

Who owns the coworking place?...as in who gets the most of the money? because it seems like people just bought the heads a space in prime real estate under the guise of hipster marijuana entrepreneurialism.

Everyone keeps touting how marijuana=medicine=therapy blah blah blah....and they donate 'profits' to schools and shit yet apply themselves 6-7 figure salaries...

If pot is really the hope stupid ass states like colorado say it is, then why is there so much greed involved? I almost laughed out loud when you say 'support cannabis entrepreneurs' lol..... more people getting rich off of something that everyone should be growing like they grow peppers/tomatoes annually.

Trading bot conspiracy or not...I'm out if/when it touches ICO price again.

I've watched the trading... if anything the bots are attempting to make the price seem higher than it really is.  MY sense was this was the founders trying to sell for >30 cents a token.

I'd see 2k sell around 30 cents and then suddenly several buy orders of 3-5 tokens would happen implying the price was higher.

LdN

[Zechis966]

I've watched the trading... if anything the bots are attempting to make the price seem higher than it really is.  MY sense was this was the founders trying to sell for >30 cents a token.

I'd see 2k sell around 30 cents and then suddenly several buy orders of 3-5 tokens would happen implying the price was higher.

LdN

Yeah I was half being sarcastic too since it's been said over and over it looks by volume to be some manipulation...

The fact he explained that whole thing just made it sound like he KNOWS we're dumb...he doesn't realize people have already discussed spreads and artificially holding the price up already 10 times over.

I don't think it's a ponzi scheme or a scam, but rather taking advantage of the trend in both mj and crypto especially ICO's....

They're living the good life currently while lots of poor saps put in some hard earned/saved money only to see it crash. Part of me supports that shot of reality because too many new comers think it's a get rich market which is only driving the bubble and is just sad in general for the whole concept of blockchain technology...although the thirst for money should drive some real innovations hopefully....

The other part of me is annoyed that ICO developers now a days don't give a crap about real utility and making sure codes are bullet proof and have a working product. They may not be scamming away with our money, but you know for freaking sure they're not eating top ramen the past couple months....

[Rigorous]

Zechis966, what does your negativity accomplish? It will for sure not help you to recoup your losses.

If you are not happy with the way things are going, try to make constructive contributions. It is still early days, so our input can have a big influence on the future of this project.

[Coin_trader]

The arguments are still growing for this coin that started with a blazing torch and seemed to be an expensive one but suddenly drops and now the investors who made a bet for this project loose more than half of their money.
It is due to the volatility of the cryptos and some other factors that we can determine.

[Zechis966]

Zechis966, what does your negativity accomplish? It will for sure not help you to recoup your losses.

If you are not happy with the way things are going, try to make constructive contributions. It is still early days, so our input can have a big influence on the future of this project.

it's not my negativity lol. I only ever do crap shoots with a couple hundred bucks. I don't care to recoup, but will if given the chance.

My point is, that instead of being objective, people like you are hoping that you didn't just make a bad choice... and instead of addressing real concerns or trying to make it right (like certain ICOs have done impromptu refunds for those that wished it), they (devs) placate us with "It's most likely trading bots making price so bad" and "hey, hey, hey...you're not paying us to vote, we burn those...you only bought them from us"

also you and no one else is addressing the whole ownership of these establishments...

Do we get a share of profits down the line?... or is it supposed to be Paragonian Schwag has gotten so popular that our tokens naturally have more value?....

I find it worse to be hopelessly optimistic to the point of denial, than to be objectively 'negative' and calling it like I see it.

I knew it was bad when I got an email AFTER already buying tokens saying "50% off next purchase!" ...

You're not offering any advice to the devs to make it better either...you're one of the ~50 people who voted out of the supposed 50,000 participants. Face it, most people were hoping for the hype of weed to make this coin an insta flip...very few people care about renting space in some pseudo-dispensary so you can try to write a screenplay on your laptop over a latte.

These aren't even angry shots at the team, and honestly every single criticism said by ANY of us could have been taken in and addressed by the team but they choose not to.

Was that random newbie post from the dev by the way?... If it was that whole ponzi scheme link was passive aggressive AF 

[magisterr]

So, what about Bittrex tomorrow, guys? Is this true, and PRG will be listed to Bitrex?

[metallicelmo]

So, what about Bittrex tomorrow, guys? Is this true, and PRG will be listed to Bitrex?

I would be very surprised if this would happen

[viscolex]

So, what about Bittrex tomorrow, guys? Is this true, and PRG will be listed to Bitrex?

I would be very surprised if this would happen

Yeah, I don't see it happening.

[o48o]

They even tell you to contact them on telegram... But they forget to mention that they got kicked off telegram!

What do you mean? The Telegram link is on their homepage and the chat is active. They are discussing the voting system right now.



https://t.me/joinchat/Bvx800IXuCoe-QGoLXoVlQ

Thank you for submitting that... I joined the telegram and got some actual information by searching keywords like bittrex, and i don't have to deal with all this speculation in here.

[magisterr]

I seen here, that paragon will be listed on Bittrex tomorrow  
http://www.coinmarketcal.com/?form%5Bmonth%5D=&form%5Byear%5D=&form%5Bcoin%5D=&form%5Bcategories%5D%5B%5D=3&form%5Bsort_by%5D=created_desc&form%5Bsubmit%5D=

Hope this is true... and price growing in 2-3 times ..

[Rigorous]

I seen here, that paragon will be listed on Bittrex tomorrow  
http://www.coinmarketcal.com/?form%5Bmonth%5D=&form%5Byear%5D=&form%5Bcoin%5D=&form%5Bcategories%5D%5B%5D=3&form%5Bsort_by%5D=created_desc&form%5Bsubmit%5D=

Hope this is true... and price growing in 2-3 times ..

As far as I understand from searching through their Telegram chat, Paragon has been in contact with Bittrex and they agreed to list ParagonCoin, but the specific listing date is whenever Bittrex feels like it. Getting a specific date from Bittrex is like squeezing blood from a stone.

In the meantime Paragon is trading on HitBTC, a top 5 exchange by volume, as well as Etherdelta and Tidex.

For what it is worth, Bittrex has added Blocktix a few weeks ago, which had a much lower market cap than Paragon. Last week Bittrex listed Viberate, which has about the same market cap as Paragon. And today they listed Power Ledger which has an $88 million market cap.

[greatteager]

If coin listing in bittrex, the price will increase in 2x, but where is the source of information?

[levyashin]

Volume is very low from the beginning, and with that low volume, the price is decreasing.

Only weak hands and bounty hunters selling I guess. I'm holding my tokens and never sell to this prices. I advise everybody do the same.

[Zechis966]

Volume is very low from the beginning, and with that low volume, the price is decreasing.

Only weak hands and bounty hunters selling I guess. I'm holding my tokens and never sell to this prices. I advise everybody do the same.

It's always foolish to sell at a loss if it can be avoided...yet the whole "weak hands" logic has left thousands of people holding very heavy, very depressin bags.

Weak hands are the guys who sold their MGO at 1.50 and all the strong hands are just buying more to lower the average. It's a fine strategy but sucks when you HAVE to buy extra cheap to lower average in a last ditch move to not be holding a bag.

Almost invariably what goes down comes back up, but it's a question of how freaking long your money is tied up. In PRG thank God it's only 1 ether tied up but imagine having 30-40 ether tied up for 6+ months at a crappy value.

If the people saying hodl were really serious, they wouldn't frequent forums and speculate constantly...theyd park it and go live life for a year

[PitL0rd2002]

If they really hit to Bittrex than price will increace very soon and week hands will crying