[ANN] Syscoin - Business on the Blockchain - LAUNCHED!

[Primitive]

Looking forward to tomorrow - but depressed that my Coinbase BTCs wont be available until Monday

#spectator

[Korean]

Just some harmless discussion

1) How many BTC are you planning to invest?


2) What would you like the price per coin to be? Have you done your calculations to see what is worth it?

#speculator

[bitcoinwonders010]

will be keeping a eye on this

[Korean]

Updated with 600,000,000 presale number.

I broke down the numbers for those wondering about mining and how it will look.

First 15 days of mining

22,118,400 total coins mine

That is 1,474,560 coins a day

Say the price is 0.00002000 that is 29.49btc worth a day.

The next 45 days there will be 33,177,600 coins mine

That is 737,280 a day

Say the price is still 0.00002000 that is 14.74btc worth a day

Over the next 180 days there will be 110,592,000 more coins mine

That is 614,400 a day

At 0.00002000 that is 12.28btc a day worth

After 240 days of mining (8 months) there will be 165,888,000 coins mine.

Add in the 600,000,000 that people will buy soon that is 765,888,000 and add in the devs and bounties that's another 60,000,000 for a total of 825,888,000 coins in 8 months.

If the price is 0.00002000 in 8 months the total market cap will be 16517btc or $10,405,710

If you look at only the 165,888,000 coins mined over the first 8 months then the market cap for that at a price of 0.00002000 is 3309btc or $2,084,670

**I used 0.00002000 as an example. No clue what the price for presale will be or what the price will be when it opens on the market.**

825,888,000 coins in 8 months. Will take 8 million dollars for it to be 0.01

[Len]

Surely devs dont need 2% of the coins if you are going to get all that BTC for the 30% presale

[bitcoinwonders010]

does anyone know the ipo price

[Len]

Surely devs dont need 2% of the coins if you are going to get all that BTC for the 30% presale

Yeah it's quite excessive.

Agreed I think the 2% should be scrapped and then they will still have a shit load of btc from the presale for development and then no worries about 2% of sys being dumped at any time.  Not saying that it will happen but I guess it will put a lot of people off.

[Korean]

Surely devs dont need 2% of the coins if you are going to get all that BTC for the 30% presale

Since everything has changed, might be more fair if developers donate 15 BTC and purchase the syscoin for themselves. 30% is a lot.

[bitcoinwonders010]

what is the ipo price

[HjalmarX]

what is the ipo price

Announced soon

Surely devs dont need 2% of the coins if you are going to get all that BTC for the 30% presale

Since everything has changed, might be more fair if developers donate 15 BTC and purchase the syscoin for themselves. 30% is a lot.

I appreciate this suggestion and would like this to be implemented.

Buy using own money is best. You asking for way too much now.

[kashish948]

after a 30% premine!!!!!!!, you still want another 3%? lol 

[Len]

In my opinion that has to be amended, devs and bounties should be paid out of the 30% IPO

[SpiryGolden]

Hopefully they aren't greedy . And think at their Media Partners to  .

Kiddin c'mon man i do believe aren't that kind of Development Team . But they really invest these money in awesome stuff . Dint saw the physical items that they made and the time spend on creating system and many more expenses that are involved .

[Len]

I have faith in the team too but their initial funding has just surged massively due to the increase to 30% IPO (don't mistake me I think its good that more coins are being offered to the public).  But surely they no longer need the extra 3% of the total coins now, that is definitely greedy as they have over 4x the amount of funding that they were initially happy to work with.

I am wanting to invest in this coin, just on the right terms.  I'm also looking forward to seeing the price and valuation at launch!

[deadley]

Already 19th today, when will announcement for IPO details.

Waiting so eagerly.

[illodin]

How do we know the devs won't "buy" themselves for hundreds of BTC's?

[bitcoinwonders010]

will the coins be available at a exchange or do we contact dev/moolah

[alterra]

IPO is surely good but,
what about mining?
no 1024 sys blocks for common miners?
diff at mining start?
if now 33% is premined, i cant even dream about found smthing solo?

am i right?

[Primitive]

Surely devs dont need 2% of the coins if you are going to get all that BTC for the 30% presale

That 2% now in light of the 30% change is making me more reserved and hesitant.

why?  its a lot better than the original 5% / 2%

[bitcoinwonders010]

so are we still ready for launch on time and to buy the coins we would just need to purchase from the sell order right or a special request will need to be put