[ANN][10-5] TenfiveCoin - Designed for Mobile - MANDATORY UPDATE 0.9.0.0

[sevoque]

IPO is SCAM as you sell something of a 0 value for real money.
PREMINE is SCAM as you will use it on exchanges to get rich fast.
I'm fucking tired of all these scam coins. Looking for a honest project with no premine, no IPO, brilliant new idea and good team.

Why does the fact it has an IPO make it in any way dishonest?

[foaman]

IPO is SCAM as you sell something of a 0 value for real money.
PREMINE is SCAM as you will use it on exchanges to get rich fast.
I'm fucking tired of all these scam coins. Looking for a fair project with no premine, no IPO, brilliant new idea and good team.

there are at least a half dozen other coins being released right now with an IPO.  I don't see people calling SCAM on those threads??? Just look at all the NXT clones every one of them has an IPO.  People say premine is a scam .... well I have seen enough coins now that have had 0 premine and 0 IPO release and flop.  The DEVS have no coins to help promote, provide bounties, give aways and when these oh so totally awesome 0 premine coins ask the miners for donations since they have no coins of their own to move the project forward the silence is deafening. 

[sevoque]

IPO is SCAM as you sell something of a 0 value for real money.
PREMINE is SCAM as you will use it on exchanges to get rich fast.
I'm fucking tired of all these scam coins. Looking for a fair project with no premine, no IPO, brilliant new idea and good team.

there are at least a half dozen other coins being released right now with an IPO.  I don't see people calling SCAM on those threads??? Just look at all the NXT clones every one of them has an IPO.  People say premine is a scam .... well I have seen enough coins now that have had 0 premine and 0 IPO release and flop.  The DEVS have no coins to help promote, provide bounties, give aways and when these oh so totally awesome 0 premine coins ask the miners for donations since they have no coins of their own to move the project forward the silence is deafening. 

Hi foaman,

this is exactly right, we are going to be using a large portion of the IPO funds toward bringing on new developers to help with the initiatives that we have to further develop after launch.

[vilgem]

IPO is SCAM as you sell something of a 0 value for real money.
PREMINE is SCAM as you will use it on exchanges to get rich fast.
I'm fucking tired of all these scam coins. Looking for a fair project with no premine, no IPO, brilliant new idea and good team.

there are at least a half dozen other coins being released right now with an IPO.  I don't see people calling SCAM on those threads??? Just look at all the NXT clones every one of them has an IPO.  People say premine is a scam .... well I have seen enough coins now that have had 0 premine and 0 IPO release and flop.  The DEVS have no coins to help promote, provide bounties, give aways and when these oh so totally awesome 0 premine coins ask the miners for donations since they have no coins of their own to move the project forward the silence is deafening. 

Hi foaman,

this is exactly right, we are going to be using a large portion of the IPO funds toward bringing on new developers to help with the initiatives that we have to further develop after launch.

PREMINE is used to sell coins on exchanges cheap to collect BTCs during next few days after coin launch. This fools those who are fair miners. IPO is used to collect BTCs directly even before coin launch. Both ways distort real coin value as it should be calculated naturally in terms of a difficullty to get/mine the coin and coin distribution and coin attraction.

[vilgem]

If devs really believe in their project then they should:

1) Premine some small amount of coins, like 0.1% or even less;
2) Hold them long term;
3) Take a loan in a bank;
4) Promote their coin for their own money;
5) Wait;
6) Start to sell the premine to get profit!

[sevoque]

If devs really believe in their project then they should:

1) Premine some small amount of coins, like 0.1% or even less;
2) Hold them long term;
3) Take a loan in a bank;
4) Promote their coin for their own money;
5) Wait;
6) Start to sell the premine to get profit!

Hi Vilgem, the premine is not solely for the devs, only a very small portion of it is - the majority is for the IPO and exchanges.  The lead dev - Defrostr is also buying in heavily to his own IPO so i think that is a bold statement in itself.
What are you talking about taking loan in banks for? I dont understand? :/

[sevoque]

we are going to be giving out 2000 coins of the IPO from TenFive coin for free to anyone who invested in the panda IPO, thats 1000 total, not each, across around 200 users at 5 coins each, the value of each coin is currently at 0.0095. The reason for this is as a gesture of good will - the wolong situation was out of our control and we would like to ensure that we can offer the community some real, tangible value - please join svq on freenode for instructions on how to participate, i will also need proof that you were in any way involved with the IPO of panda. ty

[bdanyo]

The pre-mined Coins will be distributed amongst:
Marketing and branding Team (20%) equal to 21,000 coins.
Developers (20%) equal to 21,000 coins.
Exchange operators (20%) equal to 21,000 coins.
Prior to launch, we will be on at least 1 reputable exchange.
Reserved for IPO (40%) which is 42,000 Coins.
We are giving the option to purchase Coins prior to launch.
Price per-coin in IPO is 0.0095 BTC

Still laughing @ premine + IPO + IPO pricing

For those that are mathematically impaired, with the new 0.0095 BTC pricing and current BTC market prices, it means -

Marketing and branding Team (20%) - 199.5 BTC ($127,000 USD)
Developers (20%) - 199.5 BTC ($127,000 USD)
Exchange operators (20%) - 199.5 BTC ($127,000 USD)
Reserved for IPO (40%) - 399 BTC ($254,000 USD)

They are valuing their ecosystem (assuming all coins mined) to be 99750 BTC/$63.6 million USD marketcap prelaunch.

The team behind this coin believes they deserve 598.8 BTC ($381,000 USD) for making this coin. Still is going to be hard to justify that the team deserves that. Also the money involved dictate that it'll STILL be super tempting for you guys to micro dump this early, leaving plenty of bag holders.

Thanks, but no thanks =)

[sevoque]

The pre-mined Coins will be distributed amongst:
Marketing and branding Team (20%) equal to 21,000 coins.
Developers (20%) equal to 21,000 coins.
Exchange operators (20%) equal to 21,000 coins.
Prior to launch, we will be on at least 1 reputable exchange.
Reserved for IPO (40%) which is 42,000 Coins.
We are giving the option to purchase Coins prior to launch.
Price per-coin in IPO is 0.0095 BTC

Still laughing @ premine + IPO + IPO pricing

For those that are mathematically impaired, with the new 0.0095 BTC pricing and current BTC market prices, it means -

Marketing and branding Team (20%) - 199.5 BTC ($127,000 USD)
Developers (20%) - 199.5 BTC ($127,000 USD)
Exchange operators (20%) - 199.5 BTC ($127,000 USD)
Reserved for IPO (40%) - 399 BTC ($254,000 USD)

They are valuing their ecosystem (assuming all coins mined) to be 99750 BTC/$63.6 million USD marketcap prelaunch.

The team behind this coin believes they deserve 598.8 BTC ($381,000 USD) for making this coin. Still is going to be hard to justify that the team deserves that. Also the money involved dictate that it'll STILL be super tempting for you guys to micro dump this early, leaving plenty of bag holders.

Thanks, but no thanks =)

Yep, you make really valid points with the above - we would say that without a doubt to the users who are looking to invest, to do so responsibly.

FYI from the above, we are already handing out over 2000 coins from this allocation (19BTC worth of IPO Coins) to the community.

I guess we hadn't accounted that within those %'s that you speak of that we would be including giveaways, promotions, bounties too, obviously that comes from the overall 40% the team as a whole will be holding.

[Doctor_Sauce]

https://i.imgur.com/NnoGhN1.gif

PANDA was some of the funniest shit I've ever read.

If this con-job is HALF as good... I can't even wait.

Don't let us down, devs.  Use your super greed powers to fuel 200 more pages of gold.  I KNOW YOU CAN DO IT!  I BELIEVE IN YOU!

[sevoque]

PANDA was some of the funniest shit I've ever read.

If this con-job is HALF as good... I can't even wait.

Don't let us down, devs.  Use your super greed powers to fuel 200 more pages of gold.  I KNOW YOU CAN DO IT!  I BELIEVE IN YOU!

we are minus wolong and we have an entirely new dev, Defrostr who is a very hard working gentleman.

I know you are trolling, but realistically, lets make something great for the community. And also ,if you were personaslly burnt in the panda drama then plese come to svq on freenode

[Doctor_Sauce]

https://i.imgur.com/NnoGhN1.gif

PANDA was some of the funniest shit I've ever read.

If this con-job is HALF as good... I can't even wait.

Don't let us down, devs.  Use your super greed powers to fuel 200 more pages of gold.  I KNOW YOU CAN DO IT!  I BELIEVE IN YOU!

we are minus wolong and we have an entirely new dev, Defrostr who is a very hard working gentleman.

I know you are trolling, but realistically, lets make something great for the community. And also ,if you were personaslly burnt in the panda drama then plese come to svq on freenode

I promise you that I am not trolling.

I seriously believe that your team has not only the ability, but the determination and greed to fuck over hundreds, neigh thousands, of people.  And in the wake, spawn a train of posts so epic, that you may become memetic and revered across this forum for your valorous deeds of thievery and deceit.  Stackcoin was 69.5 BTC - you guys are aiming for 600+ and I admire the hell out of that.  Some devs would settle for a couple thousand, BUT NOT YOU.  You are a different breed and I do not doubt your ability IN THE SLIGHTEST - I was there for PANDA and I am here for you now.

Don't let people tell you that Pre-mines and IPOs are a scam.  Convince them otherwise and take their money!  We're only 3 pages in, but have faith in yourself.  You can do this.

[sevoque]

PANDA was some of the funniest shit I've ever read.

If this con-job is HALF as good... I can't even wait.

Don't let us down, devs.  Use your super greed powers to fuel 200 more pages of gold.  I KNOW YOU CAN DO IT!  I BELIEVE IN YOU!

we are minus wolong and we have an entirely new dev, Defrostr who is a very hard working gentleman.

I know you are trolling, but realistically, lets make something great for the community. And also ,if you were personaslly burnt in the panda drama then plese come to svq on freenode

I promise you that I am not trolling.

I seriously believe that your team has not only the ability, but the determination and greed to fuck over hundreds, neigh thousands, of people.  And in the wake, spawn a train of posts so epic, that you may become memetic and revered across this forum for your valorous deeds of thievery and deceit.  Stackcoin was 69.5 BTC - you guys are aiming for 600+ and I admire the hell out of that.  Some devs would settle for a couple thousand, BUT NOT YOU.  You are a different breed and I do not doubt your ability IN THE SLIGHTEST - I was there for PANDA and I am here for you now.

Don't let people tell you that Pre-mines and IPOs are a scam.  Convince them otherwise and take their money!  We're only 3 pages in, but have faith in yourself.  You can do this.

simple response - wolong is not involved, there will be no fucking over of anyone. You realise that none of us were personally responsible for that, not only that but Defrostr had no involvement in that project, this is his and jacob and i, and a few of the others are doing our parts to help.

Feel free to sit there idle and not do anything, i dont mind

[ItchyIrish]

That's some crazy shit right there, no thanks.  Not a fan of most cops anyways so this helps me make the decision even easier.

The pre-mined Coins will be distributed amongst:
Marketing and branding Team (20%) equal to 21,000 coins.
Developers (20%) equal to 21,000 coins.
Exchange operators (20%) equal to 21,000 coins.
Prior to launch, we will be on at least 1 reputable exchange.
Reserved for IPO (40%) which is 42,000 Coins.
We are giving the option to purchase Coins prior to launch.
Price per-coin in IPO is 0.0095 BTC

Still laughing @ premine + IPO + IPO pricing

For those that are mathematically impaired, with the new 0.0095 BTC pricing and current BTC market prices, it means -

Marketing and branding Team (20%) - 199.5 BTC ($127,000 USD)
Developers (20%) - 199.5 BTC ($127,000 USD)
Exchange operators (20%) - 199.5 BTC ($127,000 USD)
Reserved for IPO (40%) - 399 BTC ($254,000 USD)

They are valuing their ecosystem (assuming all coins mined) to be 99750 BTC/$63.6 million USD marketcap prelaunch.

The team behind this coin believes they deserve 598.8 BTC ($381,000 USD) for making this coin. Still is going to be hard to justify that the team deserves that. Also the money involved dictate that it'll STILL be super tempting for you guys to micro dump this early, leaving plenty of bag holders.

Thanks, but no thanks =)

[JacobUX]

That's some crazy shit right there, no thanks.  Not a fan of most cops anyways so this helps me make the decision even easier.

The pre-mined Coins will be distributed amongst:
Marketing and branding Team (20%) equal to 21,000 coins.
Developers (20%) equal to 21,000 coins.
Exchange operators (20%) equal to 21,000 coins.
Prior to launch, we will be on at least 1 reputable exchange.
Reserved for IPO (40%) which is 42,000 Coins.
We are giving the option to purchase Coins prior to launch.
Price per-coin in IPO is 0.0095 BTC

Still laughing @ premine + IPO + IPO pricing

For those that are mathematically impaired, with the new 0.0095 BTC pricing and current BTC market prices, it means -

Marketing and branding Team (20%) - 199.5 BTC ($127,000 USD)
Developers (20%) - 199.5 BTC ($127,000 USD)
Exchange operators (20%) - 199.5 BTC ($127,000 USD)
Reserved for IPO (40%) - 399 BTC ($254,000 USD)

They are valuing their ecosystem (assuming all coins mined) to be 99750 BTC/$63.6 million USD marketcap prelaunch.

The team behind this coin believes they deserve 598.8 BTC ($381,000 USD) for making this coin. Still is going to be hard to justify that the team deserves that. Also the money involved dictate that it'll STILL be super tempting for you guys to micro dump this early, leaving plenty of bag holders.

Thanks, but no thanks =)

We are making adjustments and considering adding in a coin maturity feature that will only allow coins to be unloaded after their maturity has value.

The important thing is investors and shareholders who bought the IPO are being taken care of, and handled on a very personal basis.

We want to give early investors that believe in mobile for crypto the opportunity they deserve, and yes we are concerned with the valuation of the coin, and it is on the forefront of our discussions. Just know nothing is final until our launch date. We are in to real-time launches, and we have a lot of coin experience together.

The point is really that if you aren't interested in the IPO, you can sit it out and join a pool. Maybe after you see how great our devs are at bringing new innovative features to the table then you can invest. Otherwise we are really not trying to push the IPO on to anyone. It is just for people who are certain mobile is the direction we are headed.

[sevoque]

op updated

[hammerbrain]

69.5 BTC

[BitOffer]

Best put together coin i have seen in a while. The devs really have a finger on the crypto-pulse.

If you want to be a good Investor in the crypto-coins market. The best way is to create your own coin. You will learn so much and be able to spot innovation when you see it.

My advice is to work on the IPCO side more. Come up with a better business plan where ppl will have an incentive to buy in. Eveyone is me me me. They want something for themselves, and dividends are for chumps.

I haven't come to a conclusion on this coin yet, but will be watching.

[odin99]

this is amazing. the devs get called out for ridiculously overvaluing their coin prelaunch and way over charging for IPO.

response: yeah, we know. be responsible with your own money.  but hey, we've already made 19BTC! lots of not responsible suckers so far!


what idiots are buying?

[novaspyder]

Looks great!  I see the trolls are out in full force for this one.  Funny how they are fine with cloned shitcoins but when something people actually put work into (and it shows) comes along they start raging.  I will be buying for sure.