[ANN][LAUNCH] GINcoin | One-click masternodes LIVE

[gincoin]

Hey guys! A lot has happened during the past few days, so here's another weekly digest to get you going: https://medium.com/@gincoin/this-week-in-gin-25th-of-may-2018-3744cd5e8327

[1714771257]

1714771257

[sergen34]

Which pool are you using guys?

[chip1982]

Hi,

is GINcoin ERC20 token?

Thanks

[crnewbie]

Considering devs are holding 4% from pre-mine (ie. 420000, resp 420 MN) is not good. They are receiving over 15% of all newly created coins which means they will end with about 2 millions coins in the end which is 20% of total supply ever.
Based on this this, real pre-mine will be actually up to 20% not 4%. They can easily manipulate price, dump anytime, whatever they wish. Actually they receive much more coins because many coins are paid to them for operations.

They should fix these parameters to make platform more economically sensible for others. I suggest burning part of received coins to decrease supply and to decrease their strong monopoly position on the market and create incentive for other investors.

I like the GIN platform but economical point of view (described above) is far from being acceptable for future investment due to dev overwhelming control over supply. I hope the team will fix it. It would be bad to destroy such a project just for a greed.

My suggestion is: lock your 4% of your pre-mined coins (don't use them for your masternodes), put to market 1% or less per year max and also burn half GINs you receive from operations. Then the platform can be invested, evaluated and growing from capitalization point of view long-term. Right now I would not recommend it to anyone for investment.

[Bitcoinmeetups.org]

I will accept ERC-20 tokens on:

0x979f13d7ba6C21C6d25d433C3978ac81c956e502

[crnewbie]

Considering devs are holding 4% from pre-mine (ie. 420000, resp 420 MN) is not good. They are receiving over 15% of all newly created coins which means they will end with about 2 millions coins in the end which is 20% of total supply ever.
Based on this this, real pre-mine will be actually up to 20% not 4%. They can easily manipulate price, dump anytime, whatever they wish. Actually they receive much more coins because many coins are paid to them for operations.

They should fix these parameters to make platform more economically sensible for others. I suggest burning part of received coins to decrease supply and to decrease their strong monopoly position on the market and create incentive for other investors.

I like the GIN platform but economical point of view (described above) is far from being acceptable for future investment due to dev overwhelming control over supply. I hope the team will fix it. It would be bad to destroy such a project just for a greed.

My suggestion is: lock your 4% of your pre-mined coins (don't use them for your masternodes), put to market 1% or less per year max and also burn half GINs you receive from operations. Then the platform can be invested, evaluated and growing from capitalization point of view long-term. Right now I would not recommend it to anyone for investment.

Reasonable, but remember also that allowing third parties to control and manipulate an entire project, leads to a bigger disaster. Just look at the 51% attacks lately. This is the consequence of an excessive decentralization; centralization is not always bad, it's based on the admins intentions (bigger stake for the devs, bigger interest in a serious growth). BTC also it could be easily controlled by the early bids, and we're still considering it the digital counterpart of gold. How many BTCs does Satoshi Nakamoto possess? It could be easily 3M, if not more.

Third parties could manipulate the project as well but it would cost them big money so they would need to invest first. To what?  To destroy their investment? Real numbers here are even worse than I described previously because devs can create new masternodes form huge emission of these initial 420 master-nodes so they have since the beginning - so they can have even 800 masternodes right now. It can be not that bad if they behave reasonably but also very dangerous for other investors when they don't. If I buy coins for full price today, in five minutes (if they want) they can dump the price to 10 cents and shock the market as they like without being worried too much.

So now at least 3 things would be needed.
1. Reasonable promises not to stressfully flood the market with coins to manipulate price (let's say don't cash more than 1% of current GIN supply per year)
2. Bring some "burn up" plan to partially destroy percentage of coins that are obtain as GIN platform operational cost. I suggest to burn 50% of coins obtain from platform operational fees.
3. Give promise to keep majority the remaining GINs locked (not used for MN or to realize profits) to give better condition for small and new investors and to give positive outlook to the market long-term.

[JanpriX]

Though there are some concerns being discussed in the above posts, I still find this very interesting and the concept it has aligns with what I have in my mind. I've already checked the platform of it and I can really see that it is really working now. Day by day, different coins are getting add into it giving us more reach to different MN coins. The price chart is also telling good news as we can see a steady increase of price in the past weeks.

What I have in mind right now is to try to mine it and see if it is still profitable. It should be because of the price increase that it is currently experiencing.

[racatbtc]

interesting concept but WAY MORE better is coming soon by real professional... i heard some rumours, i would wait for it
they are saying it is THE roadroller... wait for it ...

[gincoin]

Hi,

is GINcoin ERC20 token?

Thanks

No. GIN is not a token, it's not based on the Ethereum blockchain and we don't do airdrops. There's a Telegram scam (https://web.telegram[.]org/#/im?p=@Gincoin_channel) that you should all be aware of.

That above is not our telegram channel and we actively discourage people from joining it. It. Is. A. Scam.

As a general rule - if we're not linking to it from our official website (gincoin.io), it's probably not ours. Stay safe!

[MrPuffnStuff]

interesting concept but WAY MORE better is coming soon by real professional... i heard some rumours, i would wait for it
they are saying it is THE roadroller... wait for it ...

I have no idea what you're talking about, but the GIN platform/team/community are all top notch with a first mover advantage.  There will be plenty of competition but GIN is one of the most legitimate projects I've ever invested in and I've been in the market for a while and been in a lot of projects.  I'm still considering setting up more nodes...

[gloomik]

Gin Coin Pool!

http://www.gos.cx/

Code:

-a lyra2z -o stratum+tcp://stratum.gos.cx:4545 -u [Wallet Address] -p c=GIN

Low fee, Stable 10Gb connection.
Discord Support: http://discord.gos.cx
DDoS Protection

[kromsatell1]

GINcoin added to coinmarketcap!

https://coinmarketcap.com/currencies/gincoin/

nodes GINcoins 

[gincoin]

Hi everyone! New announcement up on medium. We're at 17 supported coins currently, going strong.
https://medium.com/@gincoin/this-week-in-gin-1st-of-june-2018-3b5447ebb194

[sharpshot]

interesting concept but WAY MORE better is coming soon by real professional... i heard some rumours, i would wait for it
they are saying it is THE roadroller... wait for it ...

Hope this "professional" isn't called Michael Stollaire, it might be a bit delayed   I'll ignore your advice, first to market has a big advantage and if your better option even exits, and proves to be more advantageous, we can always swap over at a later date.  Bitcoin probably isn't the best but I wish I had ignored that person that told me to wait for something that would make me more money

[kolinko]

@everyone due to a maintenance operation that got delayed 60 GIN masternodes on the platform got expired. If you suddenly see your active MN as EXPIRED simply start it from your wallet.

We apologise for the inconvenience caused by this and assure you that we are constantly learning from mistakes like this and improve future events.

[AlecMe]

what OC do you use for 1080, non ti?

Thanks

[evcarlowa]

I looked at your road map. you have done a lot already, but tell me, will you expand your road map or is this all?at what stage are you now?

[wasabi.domo]

Hey Gin coin team,

Really interesting business model and a great way to lower the barrier to entry for master nodes.
I've been doing some research trying to understand the economic model and have 2 questions:

1. is it documented anywhere that I can read it so that I don't ask stupid questions that have already been answered
2. is there any future plan to let people pay for hosting in the coin of their choice (eg the MN coin or BTC/ETH etc) or is it always going to be GIN?

[okane818]

Very low supply and good price. Shared MN platform awesome project. Added to my watchlist. The team has a good future.

Good luck team

Best regards

Okane Satoshi
6-2-2018 SAT 11:04AM PHT
P# 1092
C# 9

[evcarlowa]

and the manager here happens? does he get in touch? answers the questions? Unfortunately, I did not see the answer to my question