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

[prix]

Can you explain why its so risky?

I think you know what I mean. It's about the cost of investment and the potential market cap. I'm not sure that, given the other starters interesting coins, SYS easily score at least 3000 BTC in half a year (otherwise investors will get nothing or will be in the red). Plus interest, as it seemed to me, to SYS less from the community.
For example VIA has stronger marketing, but less (almost nothing?) done.
Plus more pressure from POW than the same VIA.
This is purely my concerns as an investor.

Edit: pardon, not 3000 BTC, ~2500 BTC over 6 month.

[1714680970]

1714680970

[1714680970]

1714680970

[bano.pait]

how to participate in IPO or pre-sale?

[Korean]

since it's a long play, don't expect big crypto players to be eager to invest.
I"ll buy at a lower price when people dumps and when thre is traction..

Yeah, definitely a long play. Going to wait till coin hits exchange then purchase.

[signingoff]

The market cap is about 30,000 btc, it is unreasonable.

[wtman]

Did it start trading on moolah yet?

[HjalmarX]

The market cap is about 30,000 btc, it is unreasonable.

It PLACES an VALUE of THIS at 10,000 BTC. This is 6.5 million dollar idea.

How you finding user to do deed, will, contract with you.

How do you make contract legal digitally? In real world, contracts are notarized by notary public to make it legal. Who notarizes Syscoin/

 How to attract this user? I want to know plan for adoption, or else if no adoption, it will be a scyrpt coin only.

What is timeframe for adoption

1 month outlook

3 month outlook

6 month outlook

1 year outlook?

[stormia]

Not sure how you arrived at 30,000. With 15% of the total coin being sold for 1500 btc, that would assume a total market cap of 10,000 btc if all the coins were mined but they aren't, and won't be for a while.... Nonetheless, I think 1500 btc is a little much.

[HjalmarX]

Not sure how you arrived at 30,000. With 15% of the total coin being sold for 1500 btc, that would assume a total market cap of 10,000 btc if all the coins were mined but they aren't, and won't be for a while.... Nonetheless, I think 1500 btc is a little much.

1500 BTC is too much and cost per coin is not low enough.

[Len]

The market cap is about 30,000 btc, it is unreasonable.

After 60 days of mining, assuming all presale is sold including the 3% for devs+bounties, there will be 415296000 coins in existence.
((64800-21600)x768)+(21600x1024)+(2000000000x0.18)

Using the normal rate not the early bird price this implies a market valuation after (60 days) of 2151.23328 BTC at current rates $1,346,930.  At launch, before mining starts the market cap will be closer to $1,150,000.   Miners will not have much control of the market in comparison to initial investors.

No idea where you got 30,000 btc from, when all coins have been generated (not for a long time), 2,000,000,000 coins at a price of 0.00000518 is still only a 10,360 BTC market cap.
 
Personally I think there isn't going to be a large instant profit by investing in the IPO, but I think maybe a conservative 50% short term increase if the launch goes well.

If not much of the presale sells, I predict a good short term profit.  Long term will depend on the devs

(Disclaimer I invested 5BTC)

[Qiuyue201]

I think I will skip the IPO but might buy some of this coin for lower price after it hits exchange.

[tigomjir]

This is going to be worse than FIMK/dgex combo

[tigomjir]

I think I will skip the IPO but might buy some of this coin for lower price after it hits exchange.

Great idea. That is what I am doing. ROI too low and the altcoin scene changes too frequently. Coins come out on top and then drop down. That's a trend that I noticed, most recently is Minerals.

invest in ipo and dump when it hits the market for quick profit

[HjalmarX]

I think I will skip the IPO but might buy some of this coin for lower price after it hits exchange.

Great idea. That is what I am doing. ROI too low and the altcoin scene changes too frequently. Coins come out on top and then drop down. That's a trend that I noticed, most recently is Minerals.

invest in ipo and dump when it hits the market for quick profit

if everyone does that, there is no profit.

4 week ipo or 1500 btc allows for everyone who is interested to get into the coin to buy in to get a share if they want. that means less demand when it hits market. quick profit? yea right

[tigomjir]

what will happen to the remaining coins if 1500 BTC cap isn't reached?

[signingoff]

The market cap is about 30,000 btc, it is unreasonable.

After 60 days of mining, assuming all presale is sold including the 3% for devs+bounties, there will be 415296000 coins in existence.
((64800-21600)x768)+(21600x1024)+(2000000000x0.18)

Using the normal rate not the early bird price this implies a market valuation after (60 days) of 2151.23328 BTC at current rates $1,346,930.  At launch, before mining starts the market cap will be closer to $1,150,000.   Miners will not have much control of the market in comparison to initial investors.

No idea where you got 30,000 btc from, when all coins have been generated (not for a long time), 2000000000 coins at a price of 0.00000518 is still only a 10,360 BTC market cap.
 
Personally I think there isn't going to be a large instant profit by investing in the IPO, but I think maybe a conservative 50% short term increase if the launch goes well.

(Disclaimer I invested 5BTC)

You are right.

Q: How much will Syscoin be for presale?
A: 100000000 Syscoin

It seems the OP has a mistake.
The presale is 300000000.

 

[tigomjir]

no beta or source code?

[milhouse]

i send btc to the address shown in the email, but dont receive a confirmation email. that reason?

deposit info


   07/19/2014 09:20:55 PM   BTC   0.19980000   Completed
Address: 15q6CxM7uv2Pbzjj6BveZieSXcop8EYMhL
TxId: c7ab0a09d91aff6758552e99ad040d6ff2bc71eb36b7e199967e438c4c97730d

[leetrump]

Where to check investors list？

[jackchan]

the price is very high.

[snipsnoop]

no beta or source code?

Dan already replied to this. Hope it helps.

Alpha/beta is something we're toying around with but also keep in mind the overhead that takes to manage/respond to feedback and how that may impact our ability to roll out new features on top of the 4 already slated for the launch. Not something we're saying "no" too but something we want to make sure it manageable. We have been testing Syscoin for almost 2months now, so I wouldn't call it untested but more testing never hurts.