deleted

[tAP]

There's no closing date for stage 1 . Thanks for your continued support.

Cool, so I guess then when a fixed price is set, how does that work?

So if I have 20 ePawn, and the fixed rate is at 1 dollar each, who pays for that?  Do I sell ePawn to the devs only?  If that's the case how do you ensure you have enough capital to pay out if people decide to cash out all their ePawn at the fixed rate?

If the fixed rate is a rate which people have to trade at, I don't understand how that will work because sure some in the community may "decide" 1 dollar is a good rate, but everyone else may be completely unwilling to pay that thus stagnating the coin.

Could you explain a bit more for me? Thanks.

Regarding everyone cashing out at once that's unrealistic because most people hold coins for long term investment. Less than 500,000 pawncoin are on the market for sale out of 7,000,000 in the circulation.

For the stage 2 to work. % of the stage 2 and stage 1 will be released on the market weekly.

The buy order will come from multi pool and exchange trading fees

I understand that may be unrealistic but it is still possible - let's just say one of the top wallets with about 100,000 pawncoins decides to cash out for a quick 100k (at 1 dollar a piece).  There will be enough money to cover that?

I just don't see this working because if you are only pulling from multi pool and exchange fees - well, let's be honest, this will only work if the exchange is super-busy and the multi-pool, too.  What happens if there isn't enough transactions occurring on the exchange or multipool and thus not enough money to cover people who want to sell?

I assure you if Pawncoin gets to 1 dollar there WILL be big selling pressure because, well, I will be one of those.  So I just want to know we would be covered.

[bananahunter67]

Let me ask another question then:


1. Stage 1 is aiming to sell 20% of all ePawncoins.
2. What happens if you announce its end before all the 20% are sold out?

Any investments received in stage 1 will account for 20%. We can sell 20% like the way you are putting it since there's no cap or rate per ePawncoin

How is no rate? You said you will be selling 2 ePawncoins for 1 Pawncoin.

[bananahunter67]

You said that when you said for first time for ePawncoin. That it will be 40 milions so it will be 2 times cheaper than Pawncoin. And you even gave example with TaP buying 2 milions ePawncoins for 1 milion Pawncoins or something similar (but the proportion was the same, 2/1). Can't find the post now but I am sure all guys here remember the same, correct me if I am wrong, please.

As for the IPO idea I think it can be made far far way more effective. If you set the promsied rate of 1 pawncoin for 3 pawncoin, in order to sell 8 milions epancoins (20%), 4 millions pawncoins will need to be sent to the IPO. Assuming that you hold 1 milion and there are rest 6, this will mean that 75% of the total market cap will have to be bought up. This will drive up the price up like crazy.

You further explanation of the initial plan was to put sell orders with these 4 milions on double price than the last current one and with the bought BRC from them to back the epawncoins. Correct me if I am wrong, but I remember this example told by you.

This initial plan I liked a lot and I believe will work like a charm. However, what I hear now sounds no good. What if you receive 1 BTC for the IPO and you say it is over. And then the price will never go up so how can people trust you and invest into this when the expected outcome is totaly blind for them. It is like playing roulette. 

[bananahunter67]

illustration:
tAP sent 1,000,000 Pawncoin (valued at $1,000,000) to the dev exchange for ePawncoin and received 500,000 ePawncoin(now worth either $1,000,000 or $2,000,000) .

We listed the 1,000,000 Pawncoin at the exchange at $2,000,000

We sold the 1,000,000 Pawncoin  and use the amount of BTC/whatever to put up buy order for ePawncoin.

This system will works because soon or later there will be no Pawncoin in circulation except the ones with the Dev so the price will be determined(controlled) by us and thereby increasing the price of ePawncoin holdings of users.

This is it.

So I suggest you should go by this method you announces initialy and what you say now is totally different. Also now with the new plan I see no way for how Pawncoin price will rise.

[MsCollec]

illustration:
tAP sent 1,000,000 Pawncoin (valued at $1,000,000) to the dev exchange for ePawncoin and received 500,000 ePawncoin(now worth either $1,000,000 or $2,000,000) .

We listed the 1,000,000 Pawncoin at the exchange at $2,000,000

We sold the 1,000,000 Pawncoin  and use the amount of BTC/whatever to put up buy order for ePawncoin.

This system will works because soon or later there will be no Pawncoin in circulation except the ones with the Dev so the price will be determined(controlled) by us and thereby increasing the price of ePawncoin holdings of users.

This is it.

So I suggest you should go by this method you announces initialy and what you say now is totally different. Also now with the new plan I see no way for how Pawncoin price will rise.

I'm the one that suggested both the new IPO and the old IPO structure.  The stage 2 is a modified version of the one that you said will work.  It's basically the same thing,  Stage 1 is needed for the development cost while stage 2 will utilize pawncoin for ePawncoin exchange.

[MsCollec]

Moreover that's just a draft, let me explain using numbers not %

STAGE 1: 10,000,000 ePawncoin available for BTC or PawnCoin

Stage 2: 50,000,000  ePawncoin = 200,000,000 Pawncoin for the 50,000,000 ePawncoin

Bounties =

Developer Stake =

[MsCollec]

Pawncoin that are invested in Stage 1 are already off the market back to the dev which they can sell back at the market times the market value.

[MsCollec]

After participating in every IPO, I think this structure is the best. MaidSafeCoin raised almost $6 million it's volume is below $10,000. Now can IPO investors get ROI on their investments if there are no enough trading volume.  I don't look at the marketcap but 24 hours trading volume on exchange.
With the combination of the fixed rate and multi pool, ePawncoin could be the next big thing.

[bananahunter67]

OK I am actually frustrated about all that new stuff and it is still not clear to me, but especialy this line:

STAGE 1: 10,000,000 ePawncoin available for BTC or PawnCoin

Aren't the IPO going to be accepting only PAWNs, not BTCs?

[MsCollec]

OK I am actually frustrated about all that new stuff and it is still not clear to me, but especialy this line:

STAGE 1: 10,000,000 ePawncoin available for BTC or PawnCoin

Aren't the IPO going to be accepting only PAWNs, not BTCs?

It should be both and stage 2 limited to only pawncoin

[provenceday]

Colored coins and Asset - the future of ePawncoin?
http://coloredcoins.org/about/faqs/

that's great!

[jwiz168]

After participating in every IPO, I think this structure is the best. MaidSafeCoin raised almost $6 million it's volume is below $10,000. Now can IPO investors get ROI on their investments if there are no enough trading volume.  I don't look at the marketcap but 24 hours trading volume on exchange.
With the combination of the fixed rate and multi pool, ePawncoin could be the next big thing.

Don't you ever compare pawncoin to MaidSafe as those dev are hardworking and kickass programmers with a future technology and fine printed plans of their product . With regards to your IPO planning how could you have a bright future with the purpose of getting an IPO without concrete planning for products and services. Even coinpod.net is affected when you guys planning to sell it.

[jwiz168]

OK I am actually frustrated about all that new stuff and it is still not clear to me, but especialy this line:

STAGE 1: 10,000,000 ePawncoin available for BTC or PawnCoin

Aren't the IPO going to be accepting only PAWNs, not BTCs?

Ditto to the statement above. This is just a mirror of my post earlier which was deleted for criticizing the dev that they have conflicting opinions .

[jwiz168]

Obviously I meant that the first stage should continue until all 20% of the epawncoins are sold.
And if you make an IPO where you say first stage ends when you decide and no one knows, this will look not fair as it can be pre arranged or fixed by muggy deal. I myself would not take part under this conditions, sound like predetermined fast ponzy scheme within closed circle of people.

Check out Simcoin, they are using the same process to raise funds for their own development fund. It's not a ponzy scheme. It's fair because it doesn't allow a big investors to invest at the last minute thereby taking all the shares.

IMO, Still a get-rich-quick-get-out scheme. e-pawncoin from pawncoin and btc? Nota good move for investors.

[btc-facebook]

I want to join the ipo for the second time, do you have managed

[xuxx]

I want to join the ipo.

How many coins I could get for the smallest?

[BeautyMM]

SomeOne gave me 200 coins.But its price is low.
I'm considering whether to buy some.

[xuxx]

SomeOne gave me 200 coins.But its price is low.
I'm considering whether to buy some.

PAWN 's price so low.Its lower than the first IPO price.

How could let the price up?

Dev,should do something let the price up...

[Polartiger]

Maybe not the most original idea (and I already know of 2 sites that provide this service), but what about setting up a service where people can rent their rigs?

2 examples are www.leaserig.met and www.betarigs.com

People that want to rent a rig can pay in PAWN or BTC, and payout to the person that rents would be in PAWN.

The BTC paid for the rent would have to be exchanged for PAWN for the payout so there will be more buying pressure on PAWN?

(If it's not that simple as I imagine it please let me know. I'm just a humble miner )

This is good idea. Especialy if renters are paying only in btc.
however, again stays the question: why would people choose this service in front of betarigs
It needs to have some serious advantage.

Just kickin an old post

The advantage could be if CoinPod is used as base.
When I look at leaserig or betarigs, when I want to lease my rig, I get paid a bit at a time.
When I want to rent a rig, I have to make microtransactions for every rig I want to rent.

In this case you can "abuse" CoinPod as online wallet, or some sort of pre-pay mechanism.
You dump a load of BTC on coinpod, which you can now use for trading and/or renting rigs.

The same goes for people leasing their rigs.
Instead of receiving small payments directly to their wallets, it will go all in their online wallet, which they can use again for trading etc.

With this setup you can somewhat eliminate the extra trading users have to do to get their coins from their wallet to an exchange after leasing their rigs, and next to that they can decide themselves when they want to get paid out (instead of all small amounts)
The biggest advantage will be that users that are renting rigs can have the amounts directly withdrawn from their online (CoinPod) wallet, removing the need to manually send out microtransactions for every rig they want to rent.

[bananahunter67]

Seems a lot of plans changed here. I would like to ask the devs if the initial plan for the price of PAWN of 5-25 USD is still alive tough?