Would you buy a coin that can go ONLY up?

[SocialBillionaire]

Hi guys,

This is a simple request for feedback on a project we are working on:

WOULD YOU BUY A COIN THAT CAN GO ONLY UP?


"What do you mean???"

To make it simple:
-  There is a 0-2% FEE on Buy
-  and a 90% FEE on Sell

(via Uniswap/Pancake swap/similar)

Following announcements on the official channels, the SELL fee gets cyclically decreased to 1%.

This decrease would happen if precise requirements are met (work in progress) i.e: the coin reaches x500 the starting price, or every xx days, etc.

It is more complicated, but the idea should now be clear.

Would you be interested? Honest Feedback needed.

Thanks

[andthereyou]

Hi guys,

This is a simple request for feedback on a project we are working on:

WOULD YOU BUY A COIN THAT CAN GO ONLY UP?


"What do you mean???"

To make it simple:
-  There is a 0-2% FEE on Buy
-  and a 90% FEE on Sell

(via Uniswap/Pancake swap/similar)

Following announcements on the official channels, the SELL fee gets cyclically decreased to 1%.

This decrease would happen if precise requirements are met (work in progress) i.e: the coin reaches x500 the starting price, or every xx days, etc.

It is more complicated, but the idea should now be clear.

Would you be interested? Honest Feedback needed.

Thanks

Seems like shitcoin to me but still there's possibility.
If you have outstanding working product or something similar. That people would like spend money it no matter what. For example you own the Louvre museum or Eiffel tower and you make a rule that in order to enter that place they have to use the token.etc. Of course the entrance fee is constant like for example 20euros. It's your problem how you connect your app to exchanges etc.

[CaVO32]

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Seems like shitcoin to me but still there's possibility.
If you have outstanding working product or something similar. That people would like spend money it no matter what. For example you own the Louvre museum or Eiffel tower and you make a rule that in order to enter that place they have to use the token.etc. Of course the entrance fee is constant like for example 20euros. It's your problem how you connect your app to exchanges etc.

Yes, this will only happen if they have strong use case where people will actively use it in their everyday life.

Also, what is the assurance of the OP that it will only go up? We can only gauge your project once you introduced it to the public. And see how they will react on your services. If you are asking now, I don't think you can get a concrete answer to this.

[SocialBillionaire]

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Seems like shitcoin to me but still there's possibility.
If you have outstanding working product or something similar. That people would like spend money it no matter what. For example you own the Louvre museum or Eiffel tower and you make a rule that in order to enter that place they have to use the token.etc. Of course the entrance fee is constant like for example 20euros. It's your problem how you connect your app to exchanges etc.

Yes, this will only happen if they have strong use case where people will actively use it in their everyday life.

Also, what is the assurance of the OP that it will only go up? We can only gauge your project once you introduced it to the public. And see how they will react on your services. If you are asking now, I don't think you can get a concrete answer to this.

Thank you,

Take Safemoon for example. They have a fee of 10% on every transaction (both buy and sell).

Our idea comes with a similar fee, but with a different % based on the action (buy fee 0%, sell fee 90%) - Basically it discourages people from selling.

Then from the official channel, the team will announce the decrease of the "Sell" fee, so people are free to sell without commissions for X days - until the 90% is back.

Any feedback is appreciated,

[uneng]

It's a too abusive *feature* in my opinion. To incentive people to hold, developers created the staking option, so you can earn interest over your held amount. It makes interesting to hold coins, so people tend to hold it spontaneously because they are benefited in the end, and not because they are forced to. To charge 90% fees from investors is like forbidding them from selling. Furthermore it totally limits trading activity, so I see no point in putting money in a coin like this.

I think the correct question would be: would you buy a coin that eats 90% of its price in fees when selling?

[Adreman23]

Nice idea of ​​a 90% fee from selling   to force people to only hold their coins and I think the value of your coin will increase. But this strategy does not seem to be effective because it seems that investors and traders will not like this condition. it is still better if the coin has many usecases and has real world problem trying to solve.

[lionheart78]

No, this is pure manipulation and no real-life use if the coin only features this and nothing else.  I will avoid this kind of scheme like a plague.  The moment the 90% fee is off, we can see a massive dump on this.  I already hate those new tokens that tax 10% of the transaction.  But the curiosity on me says go on implement this kind of stuff and see where it goes.  I am sure I am just watching on the sideline but I bet there is plenty of risk-taker out there maybe this will somehow work for them.

[electronicash]

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Seems like shitcoin to me but still there's possibility.
If you have outstanding working product or something similar. That people would like spend money it no matter what. For example you own the Louvre museum or Eiffel tower and you make a rule that in order to enter that place they have to use the token.etc. Of course the entrance fee is constant like for example 20euros. It's your problem how you connect your app to exchanges etc.

Yes, this will only happen if they have strong use case where people will actively use it in their everyday life.

Also, what is the assurance of the OP that it will only go up? We can only gauge your project once you introduced it to the public. And see how they will react on your services. If you are asking now, I don't think you can get a concrete answer to this.

Thank you,
Take Safemoon for example. They have a fee of 10% on every transaction (both buy and sell).

Our idea comes with a similar fee, but with a different % based on the action (buy fee 0%, sell fee 90%) - Basically it discourages people from selling.

Then from the official channel, the team will announce the decrease of the "Sell" fee, so people are free to sell without commissions for X days - until the 90% is back.

Any feedback is appreciated,

no way. It's like RISE only market. i'm buying it all.  

wait i have to be in the channel to wait for the admin to announce something like zero-fee, that's very centralized already. 90% fee is already bullshit.
so why should an investor punish himself for getting into an investment where he had to wait for before he can liquidate when there's are tons of tokens out there. this is already a scam in the process.

[Kabul]

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Seems like shitcoin to me but still there's possibility.
If you have outstanding working product or something similar. That people would like spend money it no matter what. For example you own the Louvre museum or Eiffel tower and you make a rule that in order to enter that place they have to use the token.etc. Of course the entrance fee is constant like for example 20euros. It's your problem how you connect your app to exchanges etc.

Yes, this will only happen if they have strong use case where people will actively use it in their everyday life.

Also, what is the assurance of the OP that it will only go up? We can only gauge your project once you introduced it to the public. And see how they will react on your services. If you are asking now, I don't think you can get a concrete answer to this.

Thank you,

Take Safemoon for example. They have a fee of 10% on every transaction (both buy and sell).

Our idea comes with a similar fee, but with a different % based on the action (buy fee 0%, sell fee 90%) - Basically it discourages people from selling.

Then from the official channel, the team will announce the decrease of the "Sell" fee, so people are free to sell without commissions for X days - until the 90% is back.

Any feedback is appreciated,

This is the first time I have heard this idea. Still, I believe that it depends on the investors perceptions. If many investors have the same visionary, safemoon will be increase because they all believe that the price of this coin will go up because of the selling fee. HOwever, if most of people consider Safemoon shitcoin, buying it will be useless

[michellee]

If that coin can only rise, I will buy that coin because that means I can make a profit. But I guess that is almost good to be true because as far as I know, a coin needs to give proof if they are a good project to the public so the public can know the real benefits from the project. It is easy to say that the project will only go up to the public, but giving the proof to the public will be difficult.

Every project needs to compete with the other project and need time before the project can increase the price. Maybe you can explain more details to us so we can know what you mean.

[isaac_clarke22]

~

90% fee on Selling? Are you nuts, OP?
You're lessening the fee when buying so that people would be just buying, pumping the demand and then increasing the price of course because many had bought, well if there are one anyway in the first place.
Sorry, OP but no.

[20kevin20]

So where exactly do the 90% of the coins go upon selling?

Yes, this will only happen if they have strong use case where people will actively use it in their everyday life.

Come on, Bitcoin is still barely used in "everyday life".. how does anyone expect a shitcoin to have this much success instead?

[Psynthax]

No one gonna buy such coin and the money must come from somewhere else when people cashing out do you think money grows on trees lol, and this kind of coin could possibly turns into a ponzi coin since considering the 90% fee if someone wants to sell their coin and not losing they must raise the price to surpass the 90% fee required but there's certainly no one with brain gonna buy the coin with that high of a price therefore it could make the holder of that coin who got stuck trying to find people and pursue them into buying their coin so they can get out of that cursed cycle of finding liquidity because the whole model of this coin itself doesn't make sense.

[whiteblue]

Nice idea of ​​a 90% fee from selling   to force people to only hold their coins and I think the value of your coin will increase. But this strategy does not seem to be effective because it seems that investors and traders will not like this condition. it is still better if the coin has many usecases and has real world problem trying to solve.

True, because those who are forced to hold due to high fees are not the strategy that everyone wants, but because there is no other better choice, because the price of each new token or tokens in general will not last long at a good price when the fee starts to be cheap.

[cryptoaddictchie]

This kind of design is to avoid dumping thats why they impose negative or tax in selling. Its good to have this kind of feature however if the ecosystem works only on the smart contract and not affiliated to their platform that works and have use case related to that kind of feature then its gonna be a shitcoin that you made or bought just to trade and get profited or lose when no one else bought it later on. There are too many coins and tokens like these on the market. It's not a new sensation actually.

[maxreish]

90% fee on selling the coin?? Is this really serious? It will not guarantee that the coin will always goes up. We are in volatile market, it is not sure if that coin will continously  bullish. While I somehow be vague because fee on buying options are too low and the opposite options are too high.

You might want to revise your  fees and since your goal clearly stated that you will discourage traders to sell the coin, that wont be fair.

[yazher]

This only means the only ones who can profit the most from it are those who bought the coins in its early sale. If the time passes by and the coins are still trending I wonder up to how much it could possibly get in the crypto market. I think this idea of yours might work and people might take it as a good idea as well. the only thing left is what kind of project do you offer with this coin that will make an impact to capture the heart of the investors?

[Kelvinid]

The strategy is so mean...people are thinking that they can save a lot because of small fees of buying but they are apparently discourage to sell as it cost high.

How that could be fair to us? No, if that only be our end, I supposed not to do that rather than to buy those coins that are less profitable but of cheaper cost. Maybe I was on limited capital but that was crazy, I mean, it is really huge amount that not all can't afford to pay for it, otherwise they leave their coins stuck on the exchanges.

[senyorito123]

This only means the only ones who can profit the most from it are those who bought the coins in its early sale. If the time passes by and the coins are still trending I wonder up to how much it could possibly get in the crypto market. I think this idea of yours might work and people might take it as a good idea as well. the only thing left is what kind of project do you offer with this coin that will make an impact to capture the heart of the investors?

Correct, those who buy during sale and hold it for so long can totally benefit it. In my own opinion buying coins is best when you know its background and you always find time to see every updates in it. It is good also to buy those coins which is already known in crypto for you to stop those worries. What important in our decision making in choosing what coins to buy may depend also to our friends who were successfully gain profit, it could be our experienced , news and other thing.

[jorjeIII]

No one gonna buy such coin and the money must come from somewhere else when people cashing out do you think money grows on trees lol, and this kind of coin could possibly turns into a ponzi coin since considering the 90% fee if someone wants to sell their coin and not losing they must raise the price to surpass the 90% fee required but there's certainly no one with brain gonna buy the coin with that high of a price therefore it could make the holder of that coin who got stuck trying to find people and pursue them into buying their coin so they can get out of that cursed cycle of finding liquidity because the whole model of this coin itself doesn't make sense.

A coin must be usful to be in demand, also a lot of depends from the liquidity of the coin, it must be simple to buy and sell coin to increase its liqudity. It is good that there ara services like https://www.koinal.io/ that allows to buy and sell coins directly from bank card. The more simple to buy the coins more people will use it.