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

[Bitcycle]

Amazed at this ICO. I really like syscoin and would invest if the ICO would be fair to investors, but asking 1500 btc for a 15% share is just ridiculous. Crypti asked 750 BTC for 85%.

How are investors going to make a profit on this one? Let's just be honest everybody and quit the long term bla bla crap. Most investors want a short term profit, and that's fine. We help you fund your work, make our profit and let others after launch help you with long term goals.

well that is how it should be, not a coin for short term purposes. its awesome for long termers. any short termers can invest in any other coin. dev are here to build a coin for the future not a coin for the next month. patience here will pay off big time

Or you can just be patient and wait until the coin inevitably plunges when it reaches an exchange, buy then, and get an even bigger payoff.

That's why pricing an ipo correctly matters.

[michaelb87]

Amazed at this ICO. I really like syscoin and would invest if the ICO would be fair to investors, but asking 1500 btc for a 15% share is just ridiculous. Crypti asked 750 BTC for 85%.

How are investors going to make a profit on this one? Let's just be honest everybody and quit the long term bla bla crap. Most investors want a short term profit, and that's fine. We help you fund your work, make our profit and let others after launch help you with long term goals.

well that is how it should be, not a coin for short term purposes. its awesome for long termers. any short termers can invest in any other coin. dev are here to build a coin for the future not a coin for the next month. patience here will pay off big time

Yeah whatever. I saw loads of altcoins claiming exactly the same thing and they are al gone now. They all would be at least number 2 and might even surpass Bitcoin... You should start following the crypto world for more than a year and you will see how useless 99% of the altcoins are. And I don't have the feeling this is the one-percenter that will last without the support of some big whales. If they don't get in, prices will drop big time after launch

[tobeaj2mer01]

@DEV, if the 1500 BTC doesn't sell out at the end of pre-sale, what will you deal with the left ones.

[fastminer]

Amazed at this ICO. I really like syscoin and would invest if the ICO would be fair to investors, but asking 1500 btc for a 15% share is just ridiculous. Crypti asked 750 BTC for 85%.

How are investors going to make a profit on this one? Let's just be honest everybody and quit the long term bla bla crap. Most investors want a short term profit, and that's fine. We help you fund your work, make our profit and let others after launch help you with long term goals.

well that is how it should be, not a coin for short term purposes. its awesome for long termers. any short termers can invest in any other coin. dev are here to build a coin for the future not a coin for the next month. patience here will pay off big time

Or you can just be patient and wait until the coin inevitably plunges when it reaches an exchange, buy then, and get an even bigger payoff.

That's why pricing an ipo correctly matters.

could be but what were rolling out i don't think that will happen. $1million market cap, i think we will easily be sitting somewhere near $3-5m. as long as dev rolls out what they say its all good and remember what dev said, only the amount of ipo coins sold will be mined, so if 500btc worth of coins sold then 500btc worth of coins so market cap will be even lower. so im hoping people don't buy, but don't want dev to fall short of funds to launch this coin as the next big thing.

[fastminer]

Amazed at this ICO. I really like syscoin and would invest if the ICO would be fair to investors, but asking 1500 btc for a 15% share is just ridiculous. Crypti asked 750 BTC for 85%.

How are investors going to make a profit on this one? Let's just be honest everybody and quit the long term bla bla crap. Most investors want a short term profit, and that's fine. We help you fund your work, make our profit and let others after launch help you with long term goals.

well that is how it should be, not a coin for short term purposes. its awesome for long termers. any short termers can invest in any other coin. dev are here to build a coin for the future not a coin for the next month. patience here will pay off big time

Yeah whatever. I saw loads of altcoins claiming exactly the same thing and they are al gone now. They all would be at least number 2 and might even surpass Bitcoin... You should start following the crypto world for more than a year and you will see how useless 99% of the altcoins are. And I don't have the feeling this is the one-percenter that will last without the support of some big whales. If they don't get in, prices will drop big time after launch

a altcoin target should be passing litecoin not bitcoin, passing bitcoin is a huge task. this coin with the features we have, can easily sit along side name, peercoin. this should also replace dogecoin hoping. whales do  not need to support the ipo price. 7btc of coins mined for 15days and 3.8btc a day after that and lower as we go on, so a whale would not be needed. ofcourse if we reache crazy heights yes but not at this price. people tend to confuse themselves. they need to understand the coin is to mined over 20 years

[snipsnoop]

@DEV, if the 1500 BTC doesn't sell out at the end of pre-sale, what will you deal with the left ones.

We have already answered this lots of times, please read the OP and Presale FAQ.

[Dusty11]

Sad to see a nice coin be a little weird in their ipo numbers. It does seem like you'll be able to buy cheaper when it hits an exchange so I dont understand the incentive to invest right now. Change the numbers a bit to be in favour of investors and you'll have a better long term coin.

[fastminer]

Sad to see a nice coin be a little weird in their ipo numbers. It does seem like you'll be able to buy cheaper when it hits an exchange so I dont understand the incentive to invest right now. Change the numbers a bit to be in favour of investors and you'll have a better long term coin.

no way keep the ipo the same, if people don't buy don't

[fastminer]

@DEV, if the 1500 BTC doesn't sell out at the end of pre-sale, what will you deal with the left ones.

We have already answered this lots of times, please read the OP and Presale FAQ.

dev has clearly said only the amount of coins bought in ipo will be premined.

[BigOrangeBee]

They don't send anything through email - Moolah state this clearly on their page when you place the order. They send you an email that will give you a link to a secure area of the Moolah site, where you can get your keys or wallet.dat.

Thank you for clearing that up, I did not see where Moolah said nothing will be sent in email. I only just saw it now in the small print under the form.

Btw, will this coin be available on Bittrex and other exchanges after the presale?

[mwheeleruk]

Btw, will this coin be available on Bittrex and other exchanges after the presale?

Syscoin will launch exclusively on trade.moolah.io, After that there's no limit to where Syscoin can be added.

[Dusty11]

Sad to see a nice coin be a little weird in their ipo numbers. It does seem like you'll be able to buy cheaper when it hits an exchange so I dont understand the incentive to invest right now. Change the numbers a bit to be in favour of investors and you'll have a better long term coin.

no way keep the ipo the same, if people don't buy don't

Im just thinking, people bought Via ipo because they knew it was going to be so slow to mine and it was obviously going to be worth more than you bought it for when it hit bittrex, thats why so many people bought. I might be wrong but isn't there a high chance this will sell on an exchange cheaper than the ipo? Some one explain to me like im 5 years old please 

[zhangdu]

at present increase rate, presale can not make 465 btc within 3 days.

[fastminer]

at present increase rate, presale can not make 465 btc within 3 days.

if the launch was in 3 days it would be a different, but launch is 16th aug so people are waiting.

[signingoff]

Why would all the miners dump everything for 7.6btc to people that will hold and reap all the money.  And after the first 15 days that drops to 3.81btc a day. No one is dumping that much on an exchange. Everyone be holding.

Most miners don't hold.  Whatever you think of their decision, that's how it is.

Yes.

So I will skip this pre-sale.

[snipsnoop]

Sad to see a nice coin be a little weird in their ipo numbers. It does seem like you'll be able to buy cheaper when it hits an exchange so I dont understand the incentive to invest right now. Change the numbers a bit to be in favour of investors and you'll have a better long term coin.

Sorry but I dont see anything weird. As we have stated lots of times, this is a pre-sale at a fixed price.
As for the future, nobody can tell. (But in case you can, please send me the lotto numbers).

As dano has said we ARE looking at the mining numbers and these will likely be revises.

[n00bnoxious]

Speak for yourself...  some of us are here ONLY for the long term bla bla crap!!!   

Haha yeah, when people speak about investing in an IPO short-term, all I can think is dumpity dump... They just wanna puke their chips the moment it hits an exchange! That's not investing in a business proposal, it's acting like a teenager.

[loveyouforever]

I prefer to mine this coin instead of buying in pre-sale, it's too expensive!!!
There are 2 billion coins, IPO price is 465 sats and 518 sats, let's say 490 in average, the market cap will be 2 billion * 490 sats = 9800 BTC, it's too big for a new coin!
If you set a lower fixed price in IPO phase, you can raise more BTCs in pre-sale, it's good for investor,miners and you DEV team, really don't know how the high price is finalized!!

[fastminer]

there is no way ipo price is changing i am very happy with the price. can't wait for launch

[snipsnoop]

at present increase rate, presale can not make 465 btc within 3 days.

Just to be clear and in case you did not spot it.

(From https://moolah.io/syscoin)

Early Bird Timeframe: Ends July 26th at 12:00pm PST OR 465 BTC

We are looking at doing a live technical Q/A over the week at some point.