[PoS] Edgecoin - Marketplace - Gambling - Advanced Wallet - 15hrs IPO stage 1

[Din]

too short an ipo. too little given to early investors(3%) AND only get your coins after 30 days or something.. most of the coins mined will be dumped by then. think il pass on this one..

The IPO is 30 days, split into 3 phases.

A total of 5% is being given, which is actually a lot. Exocoin is giving like 50% right? A little crazy in my opinion as most IPO coins do 1-3% TOTAL.

You're focusing too much on how many coins you'll make, not how much potential value they will hold.


You get 3.33% of your respective earnings every day following launch this is actually to PREVENT dumping, a tactic first seen in Reddcoin.

This makes no sense at all. Assuming you were to get a decent amount of investors in each stage (which it does not look like is going to happen for stage one) it would make more sense for them to put whatever they were going to invest into leasing miners. Within the first week ALONE 13 billion coins will have already been mined. For the sake of easy math let's pretend you managed to get 100 equal investors over the 3 phases. at 22%~ a week you are only distributing 550 million of investor's coins. Less than 5% of what will have already been mined. How is that preventing dumping even a little bit? I could spend 1 BTC to lease miners and get ~150MH/s for one full day. If you don't maintain a net hash rate of atleast 1.5gh/s I would make 200 million in one DAY alone when each of your 100 equal investors would only receive 25 million in one MONTH. And if you don't manage to get atleast 100 investors that means the coin is probably not popular and the nethash will be low. . And then there's the fact that miner's get to take full advantage of the PoS from day one if they choose not to dump while your investor's coins are gaining interest in your wallet. Redd coin is also sitting at 7 satoshi isn't it?

To reiterate you are distributing 550 million of investor's coins the first week when 13 billion coins will have been mined, and you are saying this is going to prevent dumping? Miner's are going to be dumping the first day it hits an exchange while the coin is most valuable and one month later your investor's will finally receive all of their useless coins.

After talking to some other investors I 100% agree with you. IPO will be released in its entirety immediately following launch.

Website will be updated tomorrow.

I feel the IPO has been very successful so far and will only continue to pick up as we continue to build and improve. You don't need hundreds of investors to have thousands of miners.

I would like to add that in less than 48 hours we've brought in 9 more investors, nearly quadrupling our previous BTC total. In this time we've continued to listen to investors and perfect Edgecoin for them, not us.

Thank you for the feedback!

[coingifts]

Hi Din,

1. what is the total amount of the edgecoin?

2. When is the end time for stage 1?

[MsCollec]

can you release password-protected wallet?

[Din]

Hi Din,

what is the total amount of the edgecoin?

http://puu.sh/7ICLE/44bcb819d3.png

It's in the OP post, 50 billion.

Stage 1 ends on the 27th

[Din]

too short an ipo. too little given to early investors(3%) AND only get your coins after 30 days or something.. most of the coins mined will be dumped by then. think il pass on this one..

The IPO is 30 days, split into 3 phases.

A total of 5% is being given, which is actually a lot. Exocoin is giving like 50% right? A little crazy in my opinion as most IPO coins do 1-3% TOTAL.

You're focusing too much on how many coins you'll make, not how much potential value they will hold.


You get 3.33% of your respective earnings every day following launch this is actually to PREVENT dumping, a tactic first seen in Reddcoin.

This makes no sense at all. Assuming you were to get a decent amount of investors in each stage (which it does not look like is going to happen for stage one) it would make more sense for them to put whatever they were going to invest into leasing miners. Within the first week ALONE 13 billion coins will have already been mined. For the sake of easy math let's pretend you managed to get 100 equal investors over the 3 phases. at 22%~ a week you are only distributing 550 million of investor's coins. Less than 5% of what will have already been mined. How is that preventing dumping even a little bit? I could spend 1 BTC to lease miners and get ~150MH/s for one full day. If you don't maintain a net hash rate of atleast 1.5gh/s I would make 200 million in one DAY alone when each of your 100 equal investors would only receive 25 million in one MONTH. And if you don't manage to get atleast 100 investors that means the coin is probably not popular and the nethash will be low. . And then there's the fact that miner's get to take full advantage of the PoS from day one if they choose not to dump while your investor's coins are gaining interest in your wallet. Redd coin is also sitting at 7 satoshi isn't it?

To reiterate you are distributing 550 million of investor's coins the first week when 13 billion coins will have been mined, and you are saying this is going to prevent dumping? Miner's are going to be dumping the first day it hits an exchange while the coin is most valuable and one month later your investor's will finally receive all of their useless coins.

After talking to some other investors I 100% agree with you. IPO will be released in its entirety immediately following launch.

Website will be updated tomorrow.

I feel the IPO has been very successful so far and will only continue to pick up as we continue to build and improve. You don't need hundreds of investors to have thousands of miners.

I would like to add that in less than 48 hours we've brought in 9 more investors, nearly quadrupling our previous BTC total. In this time we've continued to listen to investors and perfect Edgecoin for them, not us.

Thank you for the feedback!

I'm glad you are gaining investors however if the first stage ends soon that is still an extremely unhealthy distribution of coins and will only make investing in the later stages seem very unattractive. Especially in the last stage, competing against other investors for a small share of 0.5% would still not be cost effective vs. leasing miners, assuming a fair amount of people invest. I don't know when the first stage started, how soon it ends, or even how many investors you have so far total, but anything around 20 for the first stage gives way too many coins for early adopters. I think early adoption benefits are more suited for mining as opposed to IPOs, I don't like different reward stages built into an IPO but that is mostly just my personal preference. Still, it would not make any sense for someone to buy into stage 3 or for stage 3 to last so long at such a small percentage of coins unless there is a ridiculously low number of investors for the stage (which would defeat the whole purpose).

In the next 48 hours the distribution will certainly even out. We're just going to combine stage 2/3 and make it last 20 days, good point.

Implementing these changes tomorrow

[coingifts]

IPO will divide 5% of the total edgecoin , right?
50 billion is for IPO or for the whole edgecoin?

[Cryptock]

IPO will divide 5% of the total edgecoin , right?
50 billion is for IPO or for the whole edgecoin?

Sounds like a perfect distribution plan

[Din]

IPO will divide 5% of the total edgecoin , right?
50 billion is for IPO or for the whole edgecoin?

IPO has been upped to 15%

50 Billion is max coins, total coins of Edgecoin

[coingifts]

Din, thanks
When the rule change?

Where is the new IPO rule?

[Din]

Din, thanks
When the rule change?

Where is the new IPO rule?

http://edgecoin.info/invest.html
Refresh the page, just implemented the change. The investors were right, 15% is much much more fair and advantageous.

[Din]

IPO will divide 5% of the total edgecoin , right?
50 billion is for IPO or for the whole edgecoin?

Sounds like a perfect distribution plan

Thanks but it's now up to 15%

So, even better

[Din]

Goodnight guys! Was up late working.

Investor list will be updated tomorrow

[Gunther]

Looks very nice!

[bittick]

if you launch an IPO, please have some decency not to use public email providers such as google... looks amateur.

[Din]

if you launch an IPO, please have some decency not to use public email providers such as google... looks amateur.

I suppose but it's also free, convenient, and comfortable.

Thanks for the feedback.

[lubing7683]

No escrow,don't Believe IPO

[Kooness]

invest 0.25BTC through escrow(Anon136)
tx:498194f1224e2a949fd7f7992bc71172c7190d36a2f87ea696f03301e8d9f1aa

by the way,
When the end of the first priority of investment?
thanks!

[hala]

The wallet GUI is so beautiful than I had seen .

I think its necessary to introduce this coin new feature, despite I can see trading in wallet

[Din]

No escrow,don't Believe IPO

Escrow is supported through Anon136

The wallet GUI is so beautiful than I had seen .

I think its necessary to introduce this coin new feature, despite I can see trading in wallet

Thanks for your kind words, we do also believe it's one of the best GUI's out there.

[iamibo]

The wallet GUI is so beautiful than I had seen .

I think its necessary to introduce this coin new feature, despite I can see trading in wallet