Will SCO become the new 2017 ICO?

[wattcrypto]

NULS just announced a new staking model known as the staked coin output. I am interested in this system because it allows those with the tokens to get rewarded with altcoins that are participating in the SCO.

https://btcmanager.com/nuls-enterprise-dlt-project-and-aleph-unveil-staked-coin-output/?q=/nuls-enterprise-dlt-project-and-aleph-unveil-staked-coin-output/&

[1714145674]

1714145674

[1714145674]

1714145674

[Scor Pio]

NULS just announced a new staking model known as the staked coin output. I am interested in this system because it allows those with the tokens to get rewarded with altcoins that are participating in the SCO.

https://btcmanager.com/nuls-enterprise-dlt-project-and-aleph-unveil-staked-coin-output/?q=/nuls-enterprise-dlt-project-and-aleph-unveil-staked-coin-output/&

i don't really know how the mechanism from this staked coin output (SCO) system mate
if i'm not wrong, this is just like the other staking coin, with different rewards,,, because the reward will be a tokens that created on Nuls blockchain, right ?

[WalkerIVIV]

that seems a good idea to use nulls as collateral for stakers to get altcoin from the new ICO that used the SCO mechanism. but im still feeling confused about what will be happening if we will try to remove our nulls from the "said" staking address of aleph? is that means if our altcoin that we got from staking our nulls in aleph staking address will be erased? if that was possible how about the decentralized of such mechanism? This is a very interesting model to try.

[sunsilk]

i don't really know how the mechanism from this staked coin output (SCO) system mate
if i'm not wrong, this is just like the other staking coin, with different rewards,,, because the reward will be a tokens that created on Nuls blockchain, right ?

I'm not sure on how their model goes but they have two different listing.

https://masternodes.online/currencies/NULS-CONSENSUS/

https://masternodes.online/currencies/NULS-STAKING/

The one that has the label of consensus has a projected higher profit than the staking. But the capital needed is x10 more than the staking.

[rmilly]

i don't really know how the mechanism from this staked coin output (SCO) system mate
if i'm not wrong, this is just like the other staking coin, with different rewards,,, because the reward will be a tokens that created on Nuls blockchain, right ?

I'm not sure on how their model goes but they have two different listing.

https://masternodes.online/currencies/NULS-CONSENSUS/

https://masternodes.online/currencies/NULS-STAKING/

The one that has the label of consensus has a projected higher profit than the staking. But the capital needed is x10 more than the staking.

After reading their site it sounds like the staking model is more so for people to buy these coins at a lower price point and use them to 'vote' for promising projects. Kind of like a precursor to ICO

[leavolnhals]

wow, it really has a good mechanism to protect investors now. Scammers will certainly not participate in this SCO model in the future, we are safe!
Such potential models should be promoted more. We really need airdrop programs or bounty.

[Javi_Anibarro]

It is just like any other staking project but the reward will be based on partnership or rules or policies. What I mean is, they are allowing you to get another token as a reward as long as that project is partnered with Nuls.
you can read the concept behind this SCO here:
https://www.businesswire.com/news/home/20190813005245/en/NULS-Takes-Tokens-Conception-College-New-Staking
a whole new level of staking? yes, it is, but I do not think it is going to be that huge because we do not see any significant use other than its reward system.

[hotforblockchain]

Red the article but still not sure how it would work.

So one buys those tokens which in turn represents a stake in other projects and gives the investor those tokens, but how the ROI is made, does it mean that those tokens which he just got will be exchanged separately and if yes, what is the difference from ICO IEO

[Red-Apple]

to be honest this sounds like the worst idea that anybody could have . they are basically trying so hard to force those little number of idiots who invest in their tokens to bag hold it and dump it right away but they are making it worse by giving them more free money that they could dump instead.
so far many others have done things similar to this (giving away free coins as profit) and they have all failed because of what inflation does to them while having zero demand since they are useless.

[ccryptopark]

From my understanding it seems almost like their SCO is a precursor to say an ICO. I think it's a good model for chains that offer interoperablity and blockchains being built on top of their system like NULS does.

[barbara44]

NULS just announced a new staking model known as the staked coin output. I am interested in this system because it allows those with the tokens to get rewarded with altcoins that are participating in the SCO.

https://btcmanager.com/nuls-enterprise-dlt-project-and-aleph-unveil-staked-coin-output/?q=/nuls-enterprise-dlt-project-and-aleph-unveil-staked-coin-output/&

The only thing that I see with the SCO is that it gives investors guarantee of having a success, which means that their time and money put in the ICO would not be a wasted one, so investor can really on getting profit with no doubt, but don’t think that it is still free of scam, the SCO is a method itself, and anyone could come up with the idea that he is coming up with an SCO project and still be scam.

Every investor of any form of system of crowd funding must be ensure that the project is indeed as it claims, we must ensure that we make enough research also on the team, and at least with this SCO, I don’t think that there is any point working with anonymity like ICO does, anything that makes it anonymous makes it fishy again and I would not trust the system because scammers could still hide under its anonymity.

[pamsugas]

honestly I just heard about SCO and don't understand how SCO works, is it similar to POS? see from your statement that is very similar to the POS when we hold a coin in the wallet we will get a new coin

[Jating]

Again, the thing with SCO is that it will make people uncomfortable here because it is not clear as of yet. 2017 is the year of ICO, but I doubt that we can see that enormous success with new business model simply because investors have learn from that mistakes and so they have became so wise today.

And whenever there are new business models such as IEO/STO/SCO it won't gain the success we have when everything was really new and everyone is willing to shell out big money because of the potential profit promises by this projects. So I predict that it won't enjoy the success of the 2017 ICO hype.

[wattcrypto]

I looked into this a bit and it looks like NULS SCO is currently only working with Chinese projects. This would be a great idea to watch and see what happens until it rolls out in the US

[Kemarit]

NULS just announced a new staking model known as the staked coin output. I am interested in this system because it allows those with the tokens to get rewarded with altcoins that are participating in the SCO.

https://btcmanager.com/nuls-enterprise-dlt-project-and-aleph-unveil-staked-coin-output/?q=/nuls-enterprise-dlt-project-and-aleph-unveil-staked-coin-output/&

But the thing is that you are forced to hold 2000 NULS here? I guess this is still on the experimental stage so there's no success rate as of today. So I'm still a bit skeptics of this whole staking business model. It still depends on which project NULS are going to partnered with, currently its Aleph, so if Aleph became successful on the future, then definitely it's worth to hold and bag NULS. You also have the option to received Aleph tokens. But the big question is what happens if Aleph failed as a project?

I looked into this a bit and it looks like NULS SCO is currently only working with Chinese projects. This would be a great idea to watch and see what happens until it rolls out in the US

What work in China might not work in US soil.

[EastSound]

Wouldn't that type of mechanism will turn the altcoin type of securities investment since it is giving a reward for the effort of others. I really think this would just get into trouble with regulations because the SEC has been busy identifying other altcoins if they are securities.

[Google+]

This SCO is still relatively new, but currently the most popular one is IEO, and that is a very new development from ICO, so I think the SCO method can still attract investors, they prefer to participate in IEO first.

[HodlerKing101]

Never heard of SCO and it seems like that offering is being hosted by a certain platform/exchange. It will hard for that new offering to gain trust and make it heard to the crypto community so I'm not really sure about how it can become successful. Big exchanges like Binance are listing coins that have an actual product already and that can be another avenue that you can look at. But regardless if it's ICO, STO, IEO, one thing that investors should do is to research on which projects can bring them growth long-term, and legit ones.