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

[stormia]

I'm also a bit confused what happens if the presale targets aren't met. As is, it appears the coins are being sold at a set price. But if we don't reach the targets, will the whole ICO (15% of supply) be divided up between however much was invested?

[Soul_eater_123]

I'm also a bit confused what happens if the presale targets aren't met. As is, it appears the coins are being sold at a set price. But if we don't reach the targets, will the whole ICO (15% of supply) be divided up between however much was invested?

IMO that would be the best way to reward people for getting in early but I think the extra coins will just be removed from the premine.

[Soul_eater_123]

No. It's destroyed.

Holy fuck.

Read the thread.

Read the OP.

This has been asked and answered a billion times.

Did you really think you're the only person that came up with that question?

It's not destroyed.  It's removed from the premine and IPO.  I assume that means it will still be mined the normal way eventually.

[danosphere]

It's not destroyed.  It's removed from the premine and IPO.  I assume that means it will still be mined the normal way eventually.

This is the correct answer. It will be mined per the normal schedule.

Thank you 

[Soul_eater_123]

Guys instead of asking what happens if all the PRESALE isn't sold -  Why not get off your arses and put the word out to  ensure that it does sell out?  

The developers can only do so much.  The rest is up to the community.  

There is so much to offer with this coin that if it meets it's full potential this could revolutionise everything.  

Now get out there and start telling everyone you know about the presale.  

The faster those PRESALES are made the faster the coin launches and the more momentum it has.

[Yuzu]

No. It's destroyed.

Holy fuck.

Read the thread.

Read the OP.

This has been asked and answered a billion times.

Did you really think you're the only person that came up with that question?

It's not destroyed.  It's removed from the premine and IPO.  I assume that means it will still be mined the normal way eventually.

Thankyou on the Clarification.

I'm fairly sure Mr. Vald was being sarcastic.  I believe his point is everyone should read the original post and through the thread to get their questions answered.

[zachamo]

Some thoughts:
I don't expect that you'll actually sell out on this IPO.. Yes this thread has exploded lately, but it's not nearly as busy as, say, NEM.. NEM Stakes are also at a current market cap under 1M (when you account for the fact that only ~600 are on the market).

Not saying the level of innovation isn't there, but the question is whether you can expect to see sufficient earlybird adoption to sell out the presale. My guess is that you'll see something closer to 25%-50% of the presale purchased. The end result is that a smaller amount would be premined and the marketcap would thus be much lower, leaving more room for growth.  The size of the presale is also somewhat concerning.

How long before the amount of syscoin doubles? Well, a premine of 18% is 360 Million coins. Based on block timing and halving schedule, it would take 2 years before an amount equal to the premine is mined.  TBH, not sure if that's a good thing or a bad thing, but it does seem like quite a long time.

I lightly invested. We'll see what happens

[sidhujag]

I dont think uve been in markets long enough to understand.. its understandable.

rofl , so unwilling to explain it, because it doesn't exist? so how long in crypto until i start talking illogical dumb shit?

U cant explain it u learn it the hard way or ez way if ur smart enough either way 10k hours screentime is golden rule in any profession u must be under 1k still by the looks of it.. u gotta long journey unless u give up its all good. Bitcoin made so many wannabe investors cause they early adopters now they think they astute investors all of a sudden but easy money has passed.

[stuipooi123]

sounds good i have invested

[HjalmarX]

Some thoughts:
I don't expect that you'll actually sell out on this IPO.. Yes this thread has exploded lately, but it's not nearly as busy as, say, NEM.. NEM Stakes are also at a current market cap under 1M (when you account for the fact that only ~600 are on the market).

Not saying the level of innovation isn't there, but the question is whether you can expect to see sufficient earlybird adoption to sell out the presale. My guess is that you'll see something closer to 25%-50% of the presale purchased. The end result is that a smaller amount would be premined and the marketcap would thus be much lower, leaving more room for growth.  The size of the presale is also somewhat concerning.

How long before the amount of syscoin doubles? Well, a premine of 18% is 360 Million coins. Based on block timing and halving schedule, it would take 2 years before an amount equal to the premine is mined.  TBH, not sure if that's a good thing or a bad thing, but it does seem like quite a long time.

I lightly invested. We'll see what happens

This is a buy in and hold coin. If you want to pump and dump and make profit right away, go find another ipo. The value in this coin is probably in one year. Buy into ipo, put coins away in cold storage and then come back after one year

[Primitive]

I lightly invested. We'll see what happens

im going to watching with interest as well.  this will be a very telling ipo.  seems like its the first one that is really aggressively priced by the issuers.  investors have to do their homework.

[tazmania]

Here is what I've been hearing from the community.

It seems people like what VIA did (of course you had the people that hated that their total amount of coins went down over time too) and having a well known person put their rep on the line helped. Just because of the way Syscoin is doing the presale many people won't buy in.

Then I'm hearing overpriced and miners dump. 100 sat, 300 sat seems to be a more common answer. They are just doing all sorts of math and probably just looking for the number that works out best for the investor (them).

It is a scrypt coin so the people that will be mining the most are most likely already rich. Will they want to mine and dump? Probably not.

Then you got the people who are unsure what will be actually launched and how they will work and who will use them. For now it is just words in the OP. Will it be easy to use? Will there be instructions? If it is too hard people will give up and claim the coin is no good.

Finally people think in a month everyone will forget about it and move on. Invest now, tie up your bitcoins for a month and then launch time comes and everyone found a new coin and won't come back to this one.

Maybe if Syscoin gets a well known person that can check out all the features it's launching with and then they can type something out about it (is it real, cool, easy to use, something people want to use) then more people will feel comfortable.

[timmyd]

Joined the club looks like a good project.

[realestmofo]

Just wait till after the presale closes and coin launches then Twitter will blow up telling people to buy SYScoin because of the innovative features, dev team, low market cap and upcoming features yet to launch. The FUD is strong to get the coin to launch with a low market cap.

[HjalmarX]

Just wait till after the presale closes and coin launches then Twitter will blow up telling people to buy SYScoin because of the innovative features, dev team, low market cap and upcoming features yet to launch. The FUD is strong to get the coin to launch with a low market cap.

It makes sense for an investor to keep quiet about the coin because if it does not completely sell out, the unsold coins will go to mining and so higher returns for investor.

[stormia]

I'm also a bit confused what happens if the presale targets aren't met. As is, it appears the coins are being sold at a set price. But if we don't reach the targets, will the whole ICO (15% of supply) be divided up between however much was invested?

No. It's destroyed.

Holy fuck.

Read the thread.

Read the OP.

This has been asked and answered a billion times.

Did you really think you're the only person that came up with that question?

Holy Fuck.

You're rude.

Where in the OP does it say they will be destroyed? All I see is

Q: What if the presale doesn't sell out? Do buyers get the unsold Syscoin?
A: No, only what is purchased will be premined and delivered. Buyers get what they pay for.

Which is not specific.

No I didn't think I am the only person with this question, but I am not going to spend an hour to read the entire thread, sorry. Perhaps it should say they will be destroyed in the OP Q&A.

[Soul_eater_123]

It makes sense for an investor to keep quiet about the coin because if it does not completely sell out, the unsold coins will go to mining and so higher returns for investor.

I don't think it makes sense to do that.  The more momentum we can give it now the better in the long term.  I think it is in everyone's interests to make sure that the PRESALE is sold out as quickly as possible.  Imagine the PR that will bring - it more than likely will get SYScoin into the mainstream press and consciousness.

[jokumat]

Conditions of presale were unclear until the start of the presale. There is a lot of confusion about that. I have to say that VIA presale was managed much much better amd it was one man job

[HjalmarX]

It makes sense for an investor to keep quiet about the coin because if it does not completely sell out, the unsold coins will go to mining and so higher returns for investor.

I don't think it makes sense to do that.  The more momentum we can give it now the better in the long term.  I think it is in everyone's interests to make sure that the PRESALE is sold out as quickly as possible.  Imagine the PR that will bring - it more than likely will get SYScoin into the mainstream press and consciousness.

Most investors pump and dump any ways, so that is the logic that many are following. Less market cap at launch, more room for growth. Does it make sense? Who knows. That's their point of view.

[HjalmarX]

I dont think uve been in markets long enough to understand.. its understandable.

rofl , so unwilling to explain it, because it doesn't exist? so how long in crypto until i start talking illogical dumb shit?

U cant explain it u learn it the hard way or ez way if ur smart enough either way 10k hours screentime is golden rule in any profession u must be under 1k still by the looks of it.. u gotta long journey unless u give up its all good. Bitcoin made so many wannabe investors cause they early adopters now they think they astute investors all of a sudden but easy money has passed.

basically we were in a discussion about certain facts, now the aim of winning that debate is to prove the other one wrong, i told you that your assessment of 8 btc of new buyers = 100btc trade volume is pure bullshit

now you had 2 options

1. Explain how that your statement is correct.

This option would of completely won the argument . you would of proven me wrong

but instead you went for option 2. pretend you know more than the person still without explaining the original assessment in any logical way. thus proving that you infact pulled that number out of your ass, or read it somewhere and the only real ability you have is to parrot anything you see

you cannot even follow the logic of a simple debate.


If you want to win the argument how about explaining exactly and 100% factually how 8 btc of new buyers = 100btc trading volume.  

If not continue to live in your self delusional world.

dude delete this post man. jesus. stop the bickering