[ANN][SCRYPT] Dotcoin

[blueballoon]

Cryptopia management is now asking 19.5 BTC (5000000 DOT) to list coin on Cryptopia. At the same time locking down the growth potential of DotCoin and Cryptopia whole business potential.

Look at the world largest Cryptoexchange,
https://coincodex.com/article/1184/binance-tops-the-exchange-charts/
Binance coin is doing great as well without forcing people to use it and simply asking equivalent to BTC cost for listing but encourage the use of BNB with discount offer over BTC and it works without locking the coin potential and Binance growth potential.

Cryptopia should learn from them otherwise they will go down that fast with new exchanges entry the market.

[eternalhash]

"Letter From The Founders

My name is Rob Dawson, or probably better known as "Hex", and I am one of the two Co-Founders of Cryptopia. Adam ("sa_ddam213") and I started Cryptopia as a hobby, largely due to our own negative experiences with other exchanges and a desire to build the website that we ourselves wanted to use. 6 months into development we founded and incorporated Cryptopia as a company, and after 12 months of development the site went live into production for the first time in December 2014. For the first 2 years the company consisted soley of Adam and myself, working our regular full times jobs and dedicating our spare time and income to Cryptopia, and while we were proud of our growth and what we were achieving it was not even a drop compared to what we've experienced in the last 6 months, let lone the last week. Roughly this time last year Adam and I being well into having quit our jobs to work on Cryptopia full time and running low on savings and resources had a very real conversation about whether or not we should shut Cryptopia down, we had a modest 30,000 users, with an average of 2,000 concurrent user sessions at any given time, and averaged about 300 BTC in trade volume a day; we were proud of what we had achieved, but at the time it simply wasn't sustainable with our dwindling resources.

Obviously we didn't shut down Cryptopia in January 2017, thanks to an investment we were able to keep pushing through. By the 1st of December we hit 500,000 users. On the 31st of December we hit 1,000,000 users. By the 3rd of January we hit 1,100,000 users. By the 4th of January even with registrations disabled for 3 hours, we hit 1,200,000 users. With registrations paused again we're now sitting at 1,400,000 users. We've gone from just 2 people to over 50 people including contractors and consultants and we're looking to at the very least double that as soon as we can, but that also brings with it its own set of hurdles. I mention all of this only to give context as I would like to acknowledge the complaints and concerns about our level of service. We are aware that our level of service has been suffering, but that is not due to any complacency on our part, rest assured that we are hiring people, and developing the processes to manage those people to grow with the demand we're facing and scale as best as we can. Please bear with us, as we know how frustrating it can be for users involved in issues impacting their ability to transact freely, but we're in an unprecedented time with adoption and interest in cryptocurrencies and blockchain surging and Cryptopia is dedicated to being a quality service provider in this evolving landscape.

Thank you for supporting Cryptopia and being a part of our community."

User base is at over 1.4 million now and will continue after servers are upgraded im nz based and have a friend who is in contact with the CEO himself (adam) dot is used to list coins on there
exchange with a number of other things adam is about to take a break from his current work and continue on dot upgrades i see this coin going places soon i just wish i bought them 100 shares
of cryptopia when i had the offer   already made 120% on this coin since yesterday haha   good luck boys!

I uhh... am i stumbling upon a hidden gem here?!!! That is some impressive growth!

Certainly all of the issues that seem to be stemming from lack of support, will quickly be resolved once Adam and Hex have more hands on deck. This is really exciting for both Cryptopia and Dotcoin.

 I look forward to seeing what Cryptopia will become when fully staffed with 50 employees!!

Cheers,

[kurt1980]

I can't believe how undervalued this coin is at the moment :

1.4 million users on Cryptopia current price 410 sats 0.04
5 million users on Binance current price 122402 sats $13.51

With Coin supply factored in ; I honestly see DOT at least 100x in the next 12 months. If not more.
 




 
 

[blueballoon]

I don't know why you think this analysis and promotion is important because if Cryptopia want DotCoin to be known, be used by anyone and grow it value, they will advertise it constantly on Cryptopia. They have the promotion tool for it.

[eternalhash]

I don't know why you think this analysis and promotion is important because if Cryptopia want DotCoin to be known, be used by anyone and grow it value, they will advertise it constantly on Cryptopia. They have the promotion tool for it.

why promote when you can accumilate

[zminerj]

Is there a working Dotcoin explorer?
Does everyone keep their DOT in Cryptopia's wallet?

[rcbbtct]

"https://chainz.cryptoid.info/dot/" still works.
The wallet-included block explorer works perfectly.
The script-dotcoin source code is still in "https://github.com/CryptopiaNZ/DOT" Latest commit in master branch on 2 Sep 2016.
I have one of my script-miners in solo-mining and is mining without problems with at least four active nodes at all times.
The scrypt-DOT-blockchain is relatively small (1.1GB) and you can keep it updated easily.
It seems that "https://tradesatoshi.com" exchange-site is maintained but sales orders dominate.
In cryptopia you can only operate with the current token (the addresses generated for exchange are not compatible with scrypt-dot) ....

[rcbbtct]

If is opensource code, have active nodes for update wallet and mine, have people interested in mantain usable your wallets, may be interchanged and have any point market for convert ... the cryptocoin may be not strong but it is not dead.
See by example octocoin (888) teorically disapear with the okto fork but actually is resurging in volume of trade and prize (there are many other examples).
I think that if you are going to use it as an investment you should not devote more than 1% of the volume of your cryptocurrency portfolio (corresponds to the risky part of the portfolio). Losing the direct link with cryptopia has advantages and disadvantages...

[hjkuhl]

I can't believe how undervalued this coin is at the moment :

1.4 million users on Cryptopia current price 410 sats 0.04
5 million users on Binance current price 122402 sats $13.51

With Coin supply factored in ; I honestly see DOT at least 100x in the next 12 months. If not more.
 
 

i can see you excitement but if you look at the facts you are a little too excited?

whats the purpose of BNB? -> giving back value to people just for participating, trading and saving people from fees in BTC!

whats the purpose of DOT? -> pay millions of dollars to get a coin listed on an exchange...

so maybe there's some room to grow some more usability first before you expect to get 100x?  

[connhagiau89]

Target: 1$ / DOT 

https://i.imgur.com/QCeCaHc.png

[RealSmarterhash]

Question - why is there still 3.8 GH/s of mining power on the old DOT block chain?

[rooney7]

Does Dot currently have a windows wallet?
Want to move them from Cryptopia to a Windows wallet.

[rcbbtct]

To Realsmaterhash:
Look in the block explorer of chainz.cryptoid.info
"https://chainz.cryptoid.info/dot/extraction.dws?563034.htm"
The conclusion is that the miner owner of this wallet thinks that
are dedicating that hashing power is a good bet.

[wator1]

Can't believe Cryptopia is forcing people to use DOT. They should tie it to a discount like everyone else and call it a day.

[rcbbtct]

Cryptopia proposed any month ago the transfer of DOT-classic (free code and script POW minable) to more controlled DOT tokenized on the block-chain UBQ, and stop the scrypt-dot support.
I don't like etherum then I don't like UBQ tokens. I proffer gui qt wallets, they are easy of transport and backup, change manually the resident bock-chain disk etc ...Is very more difficult to change the wallet installation pathways for UBQ blockchain.
Solve of 51% atacks is solved with more nodes and adjust the software.
I think that more free in scrypt-DOT may be make that any developer make new modifications and any new release of qt-wallet.

[tanghiennhon@gmail.com]

Hello can give me DOT wallet download for windows

[patz22]

So I'm reading replies and I see a lot of response that it is like a "tip coin"  and it will be swapped to other coins but what's the use or purpose of this coin? I mean how can it help users of crypto and incoming users in our daily lives. Based on the trend of projects this would be better if we can use this like in purchasing something online or paying some other bills.

[leonmadness]

What is the difference between DOT coin and CEFS coin? 

[rcbbtct]

for tanghiennhon@gmail.com
Compiled versions for win 32:

-Dotcoin Core Wallet v0.8.7.0-gcbc6668-beta at address:
"https://mega.nz/#!NgYgkLJR!Ig36rSUPoFQMKbToKRf8HwZLS_79_KN9S-Mv1u1rtaY"

-Dotcoin Core Wallet versión v0.10.2.2-unk 
the link appear in any point of this tread.

[mokeyking]

I love this coin