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

[stormia]

I might be shooting my own leg here but
Isn't the ICO priced too low?

I've compared it with VIA, took into consideration number of coins available instantly on the market, looked at the things in the pipeline. Should the initial price be more like 3000 satoshi?

Not to mention this coin will actually have some of its features ready at launch. Viacoin is currently nothing more than any other scrypt coin, but hopefully that will change soon.

[pandher]

No, seriously. There were like 100 000 000 VIA available after launch. There will be about 200 000 000 SYS. Both coins have innovative features. VIA jumped to almost 40 000 satoshi and is stable. If VIA was priced 6000, shouldn't SYS be priced 3000?

Check your math before shouting in big fonts

[realestmofo]

No, seriously. There were like 100 000 000 VIA available after launch. There will be about 200 000 000 SYS. Both coins have innovative features. VIA jumped to almost 40 000 satoshi and is stable. If VIA was priced 6000, shouldn't SYS be priced 3000?

Like another member said your numbers are a bit off. But it all depends who they know and what connections they have. VIA apparently has people or companies backing the coin already that bought all the coins that were dumped and then still bought more coins up to the current price. We'll just have to wait and see what kind of support this coin has on the market at launch. Won't be much longer now.

[TheMilkman]

You are right, it is more like 300 000 000 VS 92 000 000 + bounties/dev's money. But still, it makes the price 1500+ satoshi, not 500 satoshi. Anyway, better for us, I guess. Unless whales start dumping at the beginning, to gain more cheap coins.

[EndOfBubble]

The coin might as well go the drains if not managed well. VIA has great business backup (thechnologically it is not superior to SYS) - companies investing in it, developers BUILDING BUY WALLS FROM THE IPOed MONEY. The last thing is really important. If syscoin is not planning to protect our investment like that, then it is game over. No buy walls? then on day one (or rather week one) whales build sell walls to dump the price to sub 200 levels, to get more coins. If we use half of the IPO money to build buy walls, we re going to win this whales If you think there won't be whales atttacking us, then think again. Danosphere, I really hope that you will take care of that and build huge buy walls above the IPO price, even if you won't admit it here publicly. Otherwise the coin is to be torn aparat by whales.

[realestmofo]

The coin might as well go the drains if not managed well. VIA has great business backup (thechnologically it is not superior to SYS) - companies investing in it, developers BUILDING BUY WALLS FROM THE IPOed MONEY. The last thing is really important. If syscoin is not planning to protect our investment like that, then it is game over. No buy walls? then on day one (or rather week one) whales build sell walls to dump the price to sub 200 levels, to get more coins. If we use half of the IPO money to build buy walls, we re going to win this whales If you think there won't be whales atttacking us, then think again. Danosphere, I really hope that you will take care of that and build huge buy walls above the IPO price, even if you won't admit it here publicly. Otherwise the coin is to be torn aparat by whales.

Hopefully people are smart and buy half into the presale and then throw up support at or a little above the presale price. I'm sure there will be smart presale buyers that will want to protect their investment and provide support. It's only 1500btc. To some that may seem like a lot but other decent coins have done 1500btc in volume in 24 hours. VIA did over 1,000btc in volume when it went live. Just gotta hit the ground running. Even Ethereum has over 20,000btc so far in their presale. People are ready for this kind of risk / reward. If whales drive the price under presale price and you sell into their trap then oh well. People may be upset with high fees or other things which may help create panic sellers.

[prix]

You are right, it is more like 300 000 000 VS 92 000 000 + bounties/dev's money. But still, it makes the price 1500+ satoshi, not 500 satoshi. Anyway, better for us, I guess. Unless whales start dumping at the beginning, to gain more cheap coins.

VIA presale amount is 10 000 000.

[ChenXue]

I might be shooting my own leg here but
Isn't the ICO priced too low?

I've compared it with VIA, took into consideration number of coins available instantly on the market, looked at the things in the pipeline. Should the initial price be more like 3000 satoshi?

don't compare with via coz via have some big whales to control,if you think syscoin team can control this coin,then you can learn about via.

[flankliu]

Chinese thread was used Google Translate.

[Kikyca]

I have just paid for my share... but now im interested when will I get my wallet on wich will I recive my share of SYS?

[josephliton]

No, seriously. There were like 100 000 000 VIA available after launch. There will be about 200 000 000 SYS. Both coins have innovative features. VIA jumped to almost 40 000 satoshi and is stable. If VIA was priced 6000, shouldn't SYS be priced 3000?

wrong calculations.

[suchnekky]

No, seriously. There were like 100 000 000 VIA available after launch. There will be about 200 000 000 SYS. Both coins have innovative features. VIA jumped to almost 40 000 satoshi and is stable. If VIA was priced 6000, shouldn't SYS be priced 3000?

wrong calculations.

very wrong, if it was priced at 3000 we would need to maintain a 5million dollar market cap/floor before we even break even.

[J9901]

Definitely watching this coin...

[kalenen]

As mentioned earlier, we seriously need some funds backing up the price, protecting us from whales.

And of course to give a more stable price wich investors appreciate, at lest me

[realestmofo]

As mentioned earlier, we seriously need some funds backing up the price, protecting us from whales.

And of course to give a more stable price wich investors appreciate, at lest me

Chill, it'll be OK. I'll buy 25btc in the presale and throw up 25btc in support at 518 sat (most likely on Bittrex). If people sell into me and it goes lower I'll buy a few more. But if you are planning on selling at a loss don't buy in at all. It'll just mean more cheap coins for me.

[jokumat]

..
Hopefully people are smart and buy half into the presale and then throw up support at or a little above the presale price. I'm sure there will be smart presale buyers that will want to protect their investment and provide support. It's only 1500btc....

Smart people don't do this. If smart people want more coins, they buy them in the presale. If they don't want more coins, they don't buy them, at higher prices at that.

But some people might have more BTC funds available later. Or they might gain confidence in Syscoin after the launch. Time decreases uncertainty. This is why early adopters should be generously rewarded
I have my doubt about Syscoin team in this respect. All their talk about long term investment and their disregard for short-term altcoin speculators only shows  lack of understanding ..

[sidhujag]

The team has done their due diligence and research and are showing progress. They are ahead by an inch. The community spoke about the mining schedule being too loose and the team listened and responded.

What whales do you refer to? Check the mining schedule. You cant print the coin like usd.

[BBmodBB]

is there a way to mine SYS yet?  ~ OP : tl:dr ~     tia!!!

[litecoin111]

What we need is a Via coin / Syscoin merge mining pool available on launch. Since this coin can be merge mined with any other scrypt coin I don't see why that wouldn't be possible

[zeerobje]

Hmmm Intressant,

Kan iemand mij vertellen wat het verschil is tussen keypair/Wallet.dat....


Bedankt alvast