Funcoin buys Dead blockchain coins! Market research stage.

[Vivasenka]

Funcoin.io plans to launch a campaign called NoahFunc like Noah's Ark.

It consists in the fact that we exchange our liquid coins for dead blockchain coins.

Not tokens! Only coins of main chains!


Purpose: attracting new users.


What will I do with these coins: Drakaris!



At the moment, we are preparing the technical implementation of the exchange and for this we need to explore the market.

Please write down which coins you would like to get rid of and cannot do this.

Thanks.

P.S. I will send you 10 000 FUNC (8 Ethereum classic) if we agree on your coin for exchange.

Sell FUNC you can here: https://ex.funcoin.dev/


telegram chat for discussion: https://t.me/FuncNetworkMain



Here I will record your suggestions:

User (@Evil_Tv_com from Comining Chat) : ETCC,  XERO,  BALLZ.
User (@navi199 from Comining Chat) : INTU, BEENODE, NUKO, B2G
User (@genievot from Funcoin main chat): Pigeon Coin
User (@Kriptophishki from Funcoin main chat): EtnC
User (@StreamerCream from Funcoin main chat): Dash Green
User (groggin from Bitcointalk Funcoin ann): Grain, XXL, VOLT (Electric coin), CCX (Cornerstonecoin)

[CjMapope]

altcoin discussion maybe?  this isnt really speculation of an alt   maybe this belongs in service discussion even...
might get more attraction there    i like the idea, isnt there already a coin that does this, BARR or something?
maybe you guys can partner , lord knows theres too many alt coins on the scene...    
Anyways, good luck on getting some visibility and consolidating those shitcoins!

[Fundamentals Of]

I have a lot of dead coins, well tokens in their strict classification. I am not sure if one or two of them are actually blockchain coins. I will have to check them later. But I doubt there are.

Anyway, a couple of cents to this initiative. I cannot find the right reasons why you will have to exert efforts to revive dead coins. If the purpose is solely to attract new users, then it is already proven somehow by the fact that they are already dead. That means, there is very little interest on them.

[o48o]

How exactly would you buy dead coins? If no one is mining them the chain doesn't move. Also how do you you determine the value of a coin that has no liquidity? Or are they all somehow worth 10k FUNC?

[asriloni]

The new users will never come to the dead blockchain. The reputation has already destroyed and the trust from users already gone. that will just waste your money but if you are still wanna doing it and good luck about that. If you are interested to do your plan and you can find there was a bunch of the dead coin that already existed in the market. You don't need to spend a lot of money and just prove it if you can do that like what you have been saying. If you can even resurrect one of the dead coin and you can be considered as a good dev which was having a competence.

[adroitful_one]

How exactly would you buy dead coins? If no one is mining them the chain doesn't move. Also how do you you determine the value of a coin that has no liquidity? Or are they all somehow worth 10k FUNC?

I've not really looked into much, but I think what they're doing is trading a certain amount of the dead coin for a certain amount of FUNC. For instance, lets say you hold 100 dead coin and FUNC is offering to buy the 100 dead coin for 1 FUNC. They obviously don't have their own money involved in buying them. As for the chains moving, even a lot of the dead coins have an idiot or two still mining them in the hopes that it may be worth something again in the future. If there's no hashrate at all, then I guess the coin is completely dead. I'm not really sure what the purpose of this whole project is.. I'm not that interested in it.

[Javi_Anibarro]

The new users will never come to the dead blockchain. The reputation has already destroyed and the trust from users already gone. that will just waste your money but if you are still wanna doing it and good luck about that. If you are interested to do your plan and you can find there was a bunch of the dead coin that already existed in the market. You don't need to spend a lot of money and just prove it if you can do that like what you have been saying. If you can even resurrect one of the dead coin and you can be considered as a good dev which was having a competence.

What the team wants is the user of the dead project, they do not have any intention in reviving the dead project. He owns a project called FUNCOIN, a project that is specialized in smart contract development and testing background for developers.
You can check his thread on Announcement thread: [ANN] [POW] FUNCOIN NETWORK - educational platform for web 3.0 developers
You can join their Telegram channel: https://t.me/FuncNetworkMain

[paramind22]

Would it be so hard to bring a coin back to life?  Would you need to even build an explorer?  What if you just booted up two or three wallets on different IPs?   I think this would only work for POS coins.

[rijaljun]

It consists in the fact that we exchange our liquid coins for dead blockchain coins.

Do you mean you are trying to develop shit coin that will help other dead shitcoin to back to life?

Purpose: attracting new users.

And playing pump and dump game?

[Vivasenka]

It consists in the fact that we exchange our liquid coins for dead blockchain coins.

Do you mean you are trying to develop shit coin that will help other dead shitcoin to back to life?

Purpose: attracting new users.

And playing pump and dump game?

We just need their users.

[rose9696]

For what purpose? Why do you want to save the coins of mainchain? I know that the coin of mainchain has a better chance of survival than the shit tokens but if you don't understand that coin then how do you develop it? Each team has different strengths and goals, this acquisition may be an unsatisfactory plan. You should be clear about what the areas that these coins serve are so that investors are not bewildered.

[rijaljun]

We just need their users.

And their users become your users to value your coin then play pump and dump game with them?

It won't help any dead coins though. You are just making money out of them.

What actually are you trying to solve? I am getting more confused here.

[o48o]

I've not really looked into much, but I think what they're doing is trading a certain amount of the dead coin for a certain amount of FUNC. For instance, lets say you hold 100 dead coin and FUNC is offering to buy the 100 dead coin for 1 FUNC. They obviously don't have their own money involved in buying them. As for the chains moving, even a lot of the dead coins have an idiot or two still mining them in the hopes that it may be worth something again in the future. If there's no hashrate at all, then I guess the coin is completely dead. I'm not really sure what the purpose of this whole project is.. I'm not that interested in it.

Yeah, but i was asking how they value it, i understood it was in func but different coins have different circulating supply, there can be one coin that has under 10m total coins and one that has a million billion coins with an infinite supply with lightning fast inflation rate. Their value in func shouldn't be equal per one "full" coin.

...And op didn't still even answer to this.

[paramind22]

I've not really looked into much, but I think what they're doing is trading a certain amount of the dead coin for a certain amount of FUNC. For instance, lets say you hold 100 dead coin and FUNC is offering to buy the 100 dead coin for 1 FUNC. They obviously don't have their own money involved in buying them. As for the chains moving, even a lot of the dead coins have an idiot or two still mining them in the hopes that it may be worth something again in the future. If there's no hashrate at all, then I guess the coin is completely dead. I'm not really sure what the purpose of this whole project is.. I'm not that interested in it.

Yeah, but i was asking how they value it, i understood it was in func but different coins have different circulating supply, there can be one coin that has under 10m total coins and one that has a million billion coins with an infinite supply with lightning fast inflation rate. Their value in func shouldn't be equal per one "full" coin.

...And op didn't still even answer to this.

If its a dead blockchain how are they going to send the coins to them?

[o48o]

If its a dead blockchain how are they going to send the coins to them?

I guess that they have a broad spectrum on the term of "dead". But i don't think that they have thought this trough, this is just a futile effort to gain more community. Thing is that holders are not "community" yet. To have a community is to have active members.

[ecnalubma]

It says in the title “market research stage” meaning they are in experimental stage looking forward how this project goes but this sounds interesting on how can they make money out of dead coins. I think its different kind of airdrop scheme.

[eaLiTy]

~snip
We just need their users.

So what is the purpose of this project, to get their investors and bounty hunters of these failed projects, i was watching you thread and you are yet to respond about the valuation you are planning to give on how you are going to calcite the value of these failed projects because you will find thousands of those in the market as there are hundreds of projects coming out every month and you will find many projects but if you are looking for the users in this platform, there are other ways rather than spending money on purchasing dead projects.

[Febo]

Definitely a FER  Ferengicoin. Look how cute it is. Launched almost 5 years ago. It is perfect for you. Imagine that all Ferengi will use it.

[Vivasenka]

~snip
We just need their users.

So what is the purpose of this project, to get their investors and bounty hunters of these failed projects, i was watching you thread and you are yet to respond about the valuation you are planning to give on how you are going to calcite the value of these failed projects because you will find thousands of those in the market as there are hundreds of projects coming out every month and you will find many projects but if you are looking for the users in this platform, there are other ways rather than spending money on purchasing dead projects.

What methods can be cheaper?