[ANN][NOO]NooCoin | Nootropic Payment Gateway | 25% Discount | Now Shipping!

[NooHackTeam]

Maybe i will buy some after IPO for cheap.

NooHack will be buying our initial supply of coins after-market for the purposes of our initial giveaways, float for the tier accounts system, and bounties.
We shall do this with a large buy order at IPO price after the coin goes live for trading.

You are free to buy at the IPO or afterwards, but do not expect the price to tumble below IPO price.

yeah right, it seems that you have meet a crypto-whale yet... 

Wait and see.

[NooHackTeam]

Maybe i will buy some after IPO for cheap.

NooHack will be buying our initial supply of coins after-market for the purposes of our initial giveaways, float for the tier accounts system, and bounties.
We shall do this with a large buy order at IPO price after the coin goes live for trading.

You are free to buy at the IPO or afterwards, but do not expect the price to tumble below IPO price.

I would believe that if you held ICO on small exchange. You're holding it on trex..you'll  be surprised to see how low price can get once it goes live.

Also, what happens to the coins that we spend on noohack? Do they get destroyed?

We're committed to getting these coins in as many hands as possible, its good for the network, its good for circulation, and its good for eyes on NooHack to ultimately sell more products.
NooCoin collected will be used to fund the giveaways and account tier system for loyalty coins. The coins will also be used to allow quick purchase of NooCoin at our website for customers outside of crypto. In the backend, this will be powered by our own little exchange where NooCoin can be traded.

If or when the case arises that we do not have enough NooCoin to fund our giveaways, then NooHack will market buy the coins needed.
We expect that not all our sales will be from NooCoin, so market buy ups will happen.

[Normandoyle]

Have I learned my lessons with ICOs? Guess not. Here's my order.

[NooHackTeam]

Have I learned my lessons with ICOs? Guess not. Here's my order.

Thank you for your support, and we look forward to your custom at NooHack!

[placebo]

Any reasons why you think this coin should be worth $80K? Is the ICO price not a little crazy, when you check this against other coins?

[garyfox]

Any reasons why you think this coin should be worth $80K? Is the ICO price not a little crazy, when you check this against other coins?

Most other coins are not building a solid business with tangible assets and customers. Our coin facilitates the development of a real retail business and helps customers also benefit from this business in the form of loyalty rewards and discount prices.

The pricing is a mechanism to raise sufficient funds to invest in the business and achieve stage 1 marketing plans. Thereafter we will gain momentum and expand the business. Generating capital is a normal business process for start-ups but in this case it has substantial grounding in a fast growing and expanding market sector - Gary, NooHack

[NewWorldCoiner]

Any reasons why you think this coin should be worth $80K? Is the ICO price not a little crazy, when you check this against other coins?

Most other coins are not building a solid business with tangible assets and customers. Our coin facilitates the development of a real retail business and helps customers also benefit from this business in the form of loyalty rewards and discount prices.

The pricing is a mechanism to raise sufficient funds to invest in the business and achieve stage 1 marketing plans. Thereafter we will gain momentum and expand the business. Generating capital is a normal business process for start-ups but in this case it has substantial grounding in a fast growing and expanding market sector - Gary, NooHack

This is just crazy. You basically want us to pay for your first bulk shipment of drugs, and as "investors" we're rewarded with a discount? No shares, no profit, no dividend? Why not just use Kickstarter to fund it, why create a new coin with a sliding scale discount if not to manipulate the market? 

You've got your drugs for sale offering a discount for purchases made with BTC, presumably because of the lower transaction fees. OK
But you offer a greater discount on these drugs if we pay with NOO, a coin that you created, assigned an arbitrary value to, and which we now have to buy with BTC. How is this different to the Federal Reserve or the Bank of England removing the gold standard to create a currency they control?

What's wrong with using BTC as payment for your drugs, other than the fact that you don't control the supply of BTC to be able to sell it in an IPO?

And where are these drugs from anyway? I'm guessing China with a dispatch date of April, can't see the country of origin on your website though.

[NooHackTeam]

Any reasons why you think this coin should be worth $80K? Is the ICO price not a little crazy, when you check this against other coins?

Most other coins are not building a solid business with tangible assets and customers. Our coin facilitates the development of a real retail business and helps customers also benefit from this business in the form of loyalty rewards and discount prices.

The pricing is a mechanism to raise sufficient funds to invest in the business and achieve stage 1 marketing plans. Thereafter we will gain momentum and expand the business. Generating capital is a normal business process for start-ups but in this case it has substantial grounding in a fast growing and expanding market sector - Gary, NooHack

This is just crazy. You basically want us to pay for your first bulk shipment of drugs, and as "investors" we're rewarded with a discount? No shares, no profit, no dividend? Why not just use Kickstarter to fund it, why create a new coin with a sliding scale discount if not to manipulate the market?  

You've got your drugs for sale offering a discount for purchases made with BTC, presumably because of the lower transaction fees. OK
But you offer a greater discount on these drugs if we pay with NOO, a coin that you created, assigned an arbitrary value to, and which we now have to buy with BTC. How is this different to the Federal Reserve or the Bank of England removing the gold standard to create a currency they control?

What's wrong with using BTC as payment for your drugs, other than the fact that you don't control the supply of BTC to be able to sell it in an IPO?

And where are these drugs from anyway? I'm guessing China with a dispatch date of April, can't see the country of origin on your website though.

Actually, we've already paid for the first shipment of products. We have COA's from independent and reputable third parties to verify the products.

We have a sliding scale discount because eventually we would prefer if the NooCoin was the main method of payment. In order to facilitate this stimulation of an eco-system, the ICO serves as a way for us to bring larger economies of scale into our business process.

Other coin launches do not base their model around anything tangible, and least not shares, or profit.
Our Account Tier system actually earns you NooCoin on a sliding scale the more purchases you make, not only this, we have affiliate and referral schemes which will also give you an active role in earning NooCoin through referring product sales to new customers.

This is a real eco system where the value of the coin appreciates with the performance of the business.
Furthermore, you are paid a 3% interest in PoS yearly, on top of this.

Whilst we have created the coin, once it launches and goes live for trading. It is no longer in our control, we simply give people an opportunity to benefit from NooCoin by passing on the savings we have from this entire process.  

There are plenty of coins that have launched that serve no different purpose than Bitcoin, and at the end of the day, they are justified in doing so, because just like us, they wish to seek niches' where the coin can be more specialised to be used in that particular market segment.

Our dispatch dates will be January. Not April.

[DukeofZill]

Have I learned my lessons with ICOs? Guess not. Here's my order.

https://i.imgur.com/26JxZY8.png

Thank you for your support, and we look forward to your custom at NooHack!

huehuehuehuehuehuehue

[NewWorldCoiner]

Any reasons why you think this coin should be worth $80K? Is the ICO price not a little crazy, when you check this against other coins?

Most other coins are not building a solid business with tangible assets and customers. Our coin facilitates the development of a real retail business and helps customers also benefit from this business in the form of loyalty rewards and discount prices.

The pricing is a mechanism to raise sufficient funds to invest in the business and achieve stage 1 marketing plans. Thereafter we will gain momentum and expand the business. Generating capital is a normal business process for start-ups but in this case it has substantial grounding in a fast growing and expanding market sector - Gary, NooHack

This is just crazy. You basically want us to pay for your first bulk shipment of drugs, and as "investors" we're rewarded with a discount? No shares, no profit, no dividend? Why not just use Kickstarter to fund it, why create a new coin with a sliding scale discount if not to manipulate the market? 

You've got your drugs for sale offering a discount for purchases made with BTC, presumably because of the lower transaction fees. OK
But you offer a greater discount on these drugs if we pay with NOO, a coin that you created, assigned an arbitrary value to, and which we now have to buy with BTC. How is this different to the Federal Reserve or the Bank of England removing the gold standard to create a currency they control?

What's wrong with using BTC as payment for your drugs, other than the fact that you don't control the supply of BTC to be able to sell it in an IPO?

And where are these drugs from anyway? I'm guessing China with a dispatch date of April, can't see the country of origin on your website though.

Actually, we've already paid for the first shipment of drugs. We have COA's from independent and reputable third parties to verify the products.

We have a sliding scale discount because eventually we would prefer if the NooCoin was the main method of payment. In order to facilitate this stimulation of an eco-system, the ICO serves as a way for us to bring larger economies of scale into our business process.

Other coin launches do not base their model around anything tangible, and least not shares, or profit.
Our Account Tier system actually earns you NooCoin on a sliding scale the more purchases you make, not only this, we have affiliate and referral schemes which will also give you an active role in earning NooCoin through referring product sales to new customers.

This is a real eco system where the value of the coin appreciates with the performance of the business.
Furthermore, you are paid a 3% interest in PoS yearly, on top of this.

Whilst we have created the coin, once it launches and goes live for trading. It is no longer in our control, we simply give people an opportunity to benefit from NooCoin by passing on the savings we have from this entire process. 

There are plenty of coins that have launched that serve no different purpose than Bitcoin, and at the end of the day, they are justified in doing so, because just like us, they wish to seek niches' where the coin can be more specialised to be used in that particular market segment.

Our dispatch dates will be January. Not April.

Righto, couple of points, firstly, lets see the COA's so we know what you're trying to sell us and where it comes from, and secondly, the bold bits above.

Most coins offer nothing tangible. True, but all I see here at the minute is an IPO backed by graphics and a website. It's not quite tangible yet. And your argument doesn't stand up because you're offering a product for sale, not like most intangible scam IPO's promising to develop a non-existent service or feature. So when you seek money from people which you will then invest in developing your business, shouldn't those people be treated as investors and rewarded accordingly instead of just getting an extra 15% discount? And if you offered shares or profits in the business, wouldn't you attract more investors rather than just the people who are interested in discounted Nootropics?

How is the coin no longer in your control when you propose buying 5-10% of the coins from yourself with the BTC you get from selling the IPO to us? You already warned some guy not to expect the price to fall after the IPO because of this planned price manipulation.

Also, what savings have been made by creating a new coin for a niche market instead of just using BTC as a payment method? It will have taken time and resources to create a new coin, which you freely admit needs giveaways and bounties in order to promote its adoption, which is more wasted resources. The money would have been better spent elsewhere promoting the business, not the coin, if the business even exists. And by that I don't mean an un-registered business, anyone can register a business to appear legit. What I mean is at the minute this doesn't appear to be a viable business model, it looks like an IPO rinse-out. You talk of economies of scale, so is this coin your idea of a loss leader? If so, how long will the 25% discount last? Presumably not forever because its all about profit margins, and when you're trying to sell a niche product - nootropics - to an already inherently niche market of crypto-users, how long can any such discount be offered in order to attract customers when you also have to compete with the mainstream market? It's not possible to maintain that level of promotional discount in the mainstream markets for any period of time, never mind here.

I just don't see the need for it. Maybe I need some smart-drugs to make my brain work better. 

[NooHackTeam]

Righto, couple of points, firstly, lets see the COA's so we know what you're trying to sell us and where it comes from, and secondly, the bold bits above.

Most coins offer nothing tangible. True, but all I see here at the minute is an IPO backed by graphics and a website. It's not quite tangible yet. And your argument doesn't stand up because you're offering a product for sale, not like most intangible scam IPO's promising to develop a non-existent service or feature. So when you seek money from people which you will then invest in developing your business, shouldn't those people be treated as investors and rewarded accordingly instead of just getting an extra 15% discount? And if you offered shares or profits in the business, wouldn't you attract more investors rather than just the people who are interested in discounted Nootropics?

How is the coin no longer in your control when you propose buying 5-10% of the coins from yourself with the BTC you get from selling the IPO to us? You already warned some guy not to expect the price to fall after the IPO because of this planned price manipulation.

Also, what savings have been made by creating a new coin for a niche market instead of just using BTC as a payment method? It will have taken time and resources to create a new coin, which you freely admit needs giveaways and bounties in order to promote its adoption, which is more wasted resources. The money would have been better spent elsewhere promoting the business, not the coin, if the business even exists. And by that I don't mean an un-registered business, anyone can register a business to appear legit. What I mean is at the minute this doesn't appear to be a viable business model, it looks like an IPO rinse-out. You talk of economies of scale, so is this coin your idea of a loss leader? If so, how long will the 25% discount last? Presumably not forever because its all about profit margins, and when you're trying to sell a niche product - nootropics - to an already inherently niche market of crypto-users, how long can any such discount be offered in order to attract customers when you also have to compete with the mainstream market? It's not possible to maintain that level of promotional discount in the mainstream markets for any period of time, never mind here.

I just don't see the need for it. Maybe I need some smart-drugs to make my brain work better.  

Once we've received our 3rd party COA's, we will present these to the public domain. These will be ready very soon.

We cannot offer shares in our company through an ICO, this would be considered illegal. However, we can offer investors an appreciating value of the coin based on the performance of the company. It isn't hard to see how this works and we've explained this before. This however does not rule out the possibility that we can issue dividends based on the proportion of coin that you own. We will look at the viability of this shortly. Strictly speaking however, the coins themselves cannot be treated as a security.

Price manipulation is not something that we are interested in. I only pointed out that we would be buying our initial float of coins after-market at ICO price and that it is unlikely that given our bid, many people would sell below the price which they invested at. You are right in saying that we have cut margins, but we are not a loss leader. The first step for any business is to reach an equilibrium point where it is self sustainable, the model we have created allows for the influx of fiat in exchange for the coins. We do this because ultimately, we want the entire niche market to put their fiat into our currency, meanwhile allowing customers / investors with NooCoin holdings to openly trade this hybrid commodity / currency. Once we launch our in-house exchange, customers will be able to buy coins directly from our website, the system we implement means that we encourage overall more expenditure.

We do not expect to see the business to make an instant turn around or start making large profit, quite the opposite. Our first aim is to create circulation, and wide spread use of the coin. Like any start-up, we wanted to attack a niche that has large growth potential, and do it with a unique stance. The coin offers many advantages to us, because we are able to sustainably offer our investors as well as customers opportunities to earn more coin through participating in the business. Any merchant who offers loyalty points - and there are many, do so with total control over the supply of these 'points'. They are essentially unlimited. This is where we differ, the coin is finite, and value is created through its scarcity. Even though we give away a portion of our coins, we believe that we can reach a point that through our exchange, we are able to atleast sustainably operate with NooCoin alone.

As mentioned previously, we are not a loss leader, we are sacrificing on making ROI sooner by offering products at a thinner margin for ourselves. Amazon actually operates very similarly. Therefore, we intend to maintain offering the 25% discount for the life of our business.  

Our position in the market is more unique than most other Nootropic stores, as such, we have the first mover advantage in crypto. Expansion into global markets and expanding our product lineup to other supplements will allow us to reach those economies of scale as mentioned.

Finally, I recommend you taking Aniracetam, our posts might make a little more sense after that!

[silverduck]

you guys should really consider a name change noo coin its psychological negative and many hesitate to buy in because of the name it doesnt matter how good the coin is if you have a negative tone on the name it does huge damage its like opening a fresh vegetable shop naming it rotten

just a suggestion, good luck

[serjent05]

you guys should really consider a name change noo coin its psychological negative and many hesitate to buy in because of the name it doesnt matter how good the coin is if you have a negative tone on the name it does huge damage its like opening a fresh vegetable shop naming it rotten

just a suggestion, good luck

this drugs is kinda interesting, this is something you take in so you need to  research how this thing works, so far so good until i stumbled on this site  http://nootriment.com/adrafinil/ .. then check the side effect...

There are a few side effects that have been associated with Adrafinil ranging from mild to more severe in nature. Users may experience headaches, dizziness, stomach discomfort, and nausea when taking Adrafinil. With significant use over a long period of time, there have been dangerous adverse reactions documented pertaining to liver function. These occurrences are related to a build-up of enzymes in the liver which is why liver health should be monitored if you are taking this on a daily basis. The risk is often compared to that of Acne sufferers who take Accutane regularly. If you are healthy, are following the provided dosage suggestions and do not plan to take it for extended periods of time, then you should not experience any problems in this area. Of course, it is best to speak to a doctor before using this or any other smart drug to make sure you are healthy enough to use this product. - See more at: http://nootriment.com/adrafinil/#sthash.7qZqnfX1.dpuf

[Gunther]

Is philipvdlinde in? He tweeted about it 

[NooHackTeam]

you guys should really consider a name change noo coin its psychological negative and many hesitate to buy in because of the name it doesnt matter how good the coin is if you have a negative tone on the name it does huge damage its like opening a fresh vegetable shop naming it rotten

just a suggestion, good luck

this drugs is kinda interesting, this is something you take in so you need to  research how this thing works, so far so good until i stumbled on this site  http://nootriment.com/adrafinil/ .. then check the side effect...

There are a few side effects that have been associated with Adrafinil ranging from mild to more severe in nature. Users may experience headaches, dizziness, stomach discomfort, and nausea when taking Adrafinil. With significant use over a long period of time, there have been dangerous adverse reactions documented pertaining to liver function. These occurrences are related to a build-up of enzymes in the liver which is why liver health should be monitored if you are taking this on a daily basis. The risk is often compared to that of Acne sufferers who take Accutane regularly. If you are healthy, are following the provided dosage suggestions and do not plan to take it for extended periods of time, then you should not experience any problems in this area. Of course, it is best to speak to a doctor before using this or any other smart drug to make sure you are healthy enough to use this product. - See more at: http://nootriment.com/adrafinil/#sthash.7qZqnfX1.dpuf

Feedback from the community has been wonderful thus far. This is something that has been raised before, but definitely an important issue that we are going to deal with. We do have specific warnings in place for chemicals which may impose side-effects, such as Adrafinil.
Being open about the scientific evidence, and also the possible side effects will be openly transparent. Like with any kind of supplement, there are always a minute percentage of those who will have side effects. As a responsible merchant, we will make sure to make these clear and to give further information regarding the product from available research.

[minairia3]

Are guys aware of the phenomenon with ICOs where there are entities/individuals (who knows) who buy up large quantities of coins and then dump them at a huge loss to themselves right after trading starts? Are the "whales after cheap coins" or holders from other coin communities (Bitcoin people?) killing the competition? No-one knows but there actions have ruined several good reasonably non-scamy projects.  Without spending lots of money on intenral buy support and fake volume your coin could get killed the first night.  Bitswift and Fuel2coin (as scamy as they might be) maintain constant "fake" buy support to hold and increase their prices.  Maybe good coins like Vior have basically been strangled at birth by these unknown actors. Vior does exactly what it says it will do, the devs are honest and present and it just didn't matter. The coin was dumped into the dirt.  (VIOR is being ultrapumped at this moment but we know that  always ends).

Righto, couple of points, firstly, lets see the COA's so we know what you're trying to sell us and where it comes from, and secondly, the bold bits above.

Most coins offer nothing tangible. True, but all I see here at the minute is an IPO backed by graphics and a website. It's not quite tangible yet. And your argument doesn't stand up because you're offering a product for sale, not like most intangible scam IPO's promising to develop a non-existent service or feature. So when you seek money from people which you will then invest in developing your business, shouldn't those people be treated as investors and rewarded accordingly instead of just getting an extra 15% discount? And if you offered shares or profits in the business, wouldn't you attract more investors rather than just the people who are interested in discounted Nootropics?

How is the coin no longer in your control when you propose buying 5-10% of the coins from yourself with the BTC you get from selling the IPO to us? You already warned some guy not to expect the price to fall after the IPO because of this planned price manipulation.

Also, what savings have been made by creating a new coin for a niche market instead of just using BTC as a payment method? It will have taken time and resources to create a new coin, which you freely admit needs giveaways and bounties in order to promote its adoption, which is more wasted resources. The money would have been better spent elsewhere promoting the business, not the coin, if the business even exists. And by that I don't mean an un-registered business, anyone can register a business to appear legit. What I mean is at the minute this doesn't appear to be a viable business model, it looks like an IPO rinse-out. You talk of economies of scale, so is this coin your idea of a loss leader? If so, how long will the 25% discount last? Presumably not forever because its all about profit margins, and when you're trying to sell a niche product - nootropics - to an already inherently niche market of crypto-users, how long can any such discount be offered in order to attract customers when you also have to compete with the mainstream market? It's not possible to maintain that level of promotional discount in the mainstream markets for any period of time, never mind here.

I just don't see the need for it. Maybe I need some smart-drugs to make my brain work better.  

Once we've received our 3rd party COA's, we will present these to the public domain. These will be ready very soon.

We cannot offer shares in our company through an ICO, this would be considered illegal. However, we can offer investors an appreciating value of the coin based on the performance of the company. It isn't hard to see how this works and we've explained this before. This however does not rule out the possibility that we can issue dividends based on the proportion of coin that you own. We will look at the viability of this shortly. Strictly speaking however, the coins themselves cannot be treated as a security.

Price manipulation is not something that we are interested in. I only pointed out that we would be buying our initial float of coins after-market at ICO price and that it is unlikely that given our bid, many people would sell below the price which they invested at. You are right in saying that we have cut margins, but we are not a loss leader. The first step for any business is to reach an equilibrium point where it is self sustainable, the model we have created allows for the influx of fiat in exchange for the coins. We do this because ultimately, we want the entire niche market to put their fiat into our currency, meanwhile allowing customers / investors with NooCoin holdings to openly trade this hybrid commodity / currency. Once we launch our in-house exchange, customers will be able to buy coins directly from our website, the system we implement means that we encourage overall more expenditure.

We do not expect to see the business to make an instant turn around or start making large profit, quite the opposite. Our first aim is to create circulation, and wide spread use of the coin. Like any start-up, we wanted to attack a niche that has large growth potential, and do it with a unique stance. The coin offers many advantages to us, because we are able to sustainably offer our investors as well as customers opportunities to earn more coin through participating in the business. Any merchant who offers loyalty points - and there are many, do so with total control over the supply of these 'points'. They are essentially unlimited. This is where we differ, the coin is finite, and value is created through its scarcity. Even though we give away a portion of our coins, we believe that we can reach a point that through our exchange, we are able to atleast sustainably operate with NooCoin alone.

As mentioned previously, we are not a loss leader, we are sacrificing on making ROI sooner by offering products at a thinner margin for ourselves. Amazon actually operates very similarly. Therefore, we intend to maintain offering the 25% discount for the life of our business.  

Our position in the market is more unique than most other Nootropic stores, as such, we have the first mover advantage in crypto. Expansion into global markets and expanding our product lineup to other supplements will allow us to reach those economies of scale as mentioned.

Finally, I recommend you taking Aniracetam, our posts might make a little more sense after that!

[NooHackTeam]

Are guys aware of the phenomenon with ICOs where there are entities/individuals (who knows) who buy up large quantities of coins and then dump them at a huge loss to themselves right after trading starts? Are the "whales after cheap coins" or holders from other coin communities (Bitcoin people?) killing the competition? No-one knows but there actions have ruined several good reasonably non-scamy projects.  Without spending lots of money on intenral buy support and fake volume your coin could get killed the first night.  Bitswift and Fuel2coin (as scamy as they might be) maintain constant "fake" buy support to hold and increase their prices.  Maybe good coins like Vior have basically been strangled at birth by these unknown actors. Vior does exactly what it says it will do, the devs are honest and present and it just didn't matter. The coin was dumped into the dirt.  (VIOR is being ultrapumped at this moment but we know that  always ends).

Righto, couple of points, firstly, lets see the COA's so we know what you're trying to sell us and where it comes from, and secondly, the bold bits above.

Most coins offer nothing tangible. True, but all I see here at the minute is an IPO backed by graphics and a website. It's not quite tangible yet. And your argument doesn't stand up because you're offering a product for sale, not like most intangible scam IPO's promising to develop a non-existent service or feature. So when you seek money from people which you will then invest in developing your business, shouldn't those people be treated as investors and rewarded accordingly instead of just getting an extra 15% discount? And if you offered shares or profits in the business, wouldn't you attract more investors rather than just the people who are interested in discounted Nootropics?

How is the coin no longer in your control when you propose buying 5-10% of the coins from yourself with the BTC you get from selling the IPO to us? You already warned some guy not to expect the price to fall after the IPO because of this planned price manipulation.

Also, what savings have been made by creating a new coin for a niche market instead of just using BTC as a payment method? It will have taken time and resources to create a new coin, which you freely admit needs giveaways and bounties in order to promote its adoption, which is more wasted resources. The money would have been better spent elsewhere promoting the business, not the coin, if the business even exists. And by that I don't mean an un-registered business, anyone can register a business to appear legit. What I mean is at the minute this doesn't appear to be a viable business model, it looks like an IPO rinse-out. You talk of economies of scale, so is this coin your idea of a loss leader? If so, how long will the 25% discount last? Presumably not forever because its all about profit margins, and when you're trying to sell a niche product - nootropics - to an already inherently niche market of crypto-users, how long can any such discount be offered in order to attract customers when you also have to compete with the mainstream market? It's not possible to maintain that level of promotional discount in the mainstream markets for any period of time, never mind here.

I just don't see the need for it. Maybe I need some smart-drugs to make my brain work better.  

Once we've received our 3rd party COA's, we will present these to the public domain. These will be ready very soon.

We cannot offer shares in our company through an ICO, this would be considered illegal. However, we can offer investors an appreciating value of the coin based on the performance of the company. It isn't hard to see how this works and we've explained this before. This however does not rule out the possibility that we can issue dividends based on the proportion of coin that you own. We will look at the viability of this shortly. Strictly speaking however, the coins themselves cannot be treated as a security.

Price manipulation is not something that we are interested in. I only pointed out that we would be buying our initial float of coins after-market at ICO price and that it is unlikely that given our bid, many people would sell below the price which they invested at. You are right in saying that we have cut margins, but we are not a loss leader. The first step for any business is to reach an equilibrium point where it is self sustainable, the model we have created allows for the influx of fiat in exchange for the coins. We do this because ultimately, we want the entire niche market to put their fiat into our currency, meanwhile allowing customers / investors with NooCoin holdings to openly trade this hybrid commodity / currency. Once we launch our in-house exchange, customers will be able to buy coins directly from our website, the system we implement means that we encourage overall more expenditure.

We do not expect to see the business to make an instant turn around or start making large profit, quite the opposite. Our first aim is to create circulation, and wide spread use of the coin. Like any start-up, we wanted to attack a niche that has large growth potential, and do it with a unique stance. The coin offers many advantages to us, because we are able to sustainably offer our investors as well as customers opportunities to earn more coin through participating in the business. Any merchant who offers loyalty points - and there are many, do so with total control over the supply of these 'points'. They are essentially unlimited. This is where we differ, the coin is finite, and value is created through its scarcity. Even though we give away a portion of our coins, we believe that we can reach a point that through our exchange, we are able to atleast sustainably operate with NooCoin alone.

As mentioned previously, we are not a loss leader, we are sacrificing on making ROI sooner by offering products at a thinner margin for ourselves. Amazon actually operates very similarly. Therefore, we intend to maintain offering the 25% discount for the life of our business.  

Our position in the market is more unique than most other Nootropic stores, as such, we have the first mover advantage in crypto. Expansion into global markets and expanding our product lineup to other supplements will allow us to reach those economies of scale as mentioned.

Finally, I recommend you taking Aniracetam, our posts might make a little more sense after that!

I'm not following your point here, but I understand that there are some strange and malicious people who want to damage a coin in terms of its price.
Our interests lie in making the coin a useful currency, and, making our products sell. We're creating an economy, and one that is not dominated by a central authority.

"People often refer to an enterprise system as a profit system. This is a great mistake. It is a profit and loss system, and the loss part, in my opinion, is more important than the profit part. The crucial difference is not in what ventures are undertaken. The crucial difference is in what ventures are continued and which ones are abandoned... The crucial requirement for maintaining growth and progress is that successful experiments be continued and unsuccessful experiments be terminated" - Milton Friedman

We wanted to do something different, and this is to some extent an experiment because we have not ventured into crypto-currency as a business model before, but we have thought about it a-lot, and much of the work we have put in is to ensure that we can run sustainably. In the longer term, we hope to entice other nootropic stores (and any store for that matter) to try our models and use NooCoin in a similar way. Along the way, we will keep innovating - that is a certainty, as in the world of business, not just in crypto, we hope that more players in this economy we have created will benefit everybody.

[flapman1]

What he's trying to say is that 10 minutes after trading starts at 1000 someone will dump at 500 just to fuck you and grash up syztem. The only way to fuck them back is to another cash on hand to buy up their dump and put the price back to baselne.  They'll do this every day: whoever runs out of money first looses. Those mystery guys at Fuelcoin hold off one of these dumps aday. The have money to burn I guesz and it barely works to hold them up.

Are guys aware of the phenomenon with ICOs where there are entities/individuals (who knows) who buy up large quantities of coins and then dump them at a huge loss to themselves right after trading starts? Are the "whales after cheap coins" or holders from other coin communities (Bitcoin people?) killing the competition? No-one knows but there actions have ruined several good reasonably non-scamy projects.  Without spending lots of money on intenral buy support and fake volume your coin could get killed the first night.  Bitswift and Fuel2coin (as scamy as they might be) maintain constant "fake" buy support to hold and increase their prices.  Maybe good coins like Vior have basically been strangled at birth by these unknown actors. Vior does exactly what it says it will do, the devs are honest and present and it just didn't matter. The coin was dumped into the dirt.  (VIOR is being ultrapumped at this moment but we know that  always ends).

Righto, couple of points, firstly, lets see the COA's so we know what you're trying to sell us and where it comes from, and secondly, the bold bits above.

Most coins offer nothing tangible. True, but all I see here at the minute is an IPO backed by graphics and a website. It's not quite tangible yet. And your argument doesn't stand up because you're offering a product for sale, not like most intangible scam IPO's promising to develop a non-existent service or feature. So when you seek money from people which you will then invest in developing your business, shouldn't those people be treated as investors and rewarded accordingly instead of just getting an extra 15% discount? And if you offered shares or profits in the business, wouldn't you attract more investors rather than just the people who are interested in discounted Nootropics?

How is the coin no longer in your control when you propose buying 5-10% of the coins from yourself with the BTC you get from selling the IPO to us? You already warned some guy not to expect the price to fall after the IPO because of this planned price manipulation.

Also, what savings have been made by creating a new coin for a niche market instead of just using BTC as a payment method? It will have taken time and resources to create a new coin, which you freely admit needs giveaways and bounties in order to promote its adoption, which is more wasted resources. The money would have been better spent elsewhere promoting the business, not the coin, if the business even exists. And by that I don't mean an un-registered business, anyone can register a business to appear legit. What I mean is at the minute this doesn't appear to be a viable business model, it looks like an IPO rinse-out. You talk of economies of scale, so is this coin your idea of a loss leader? If so, how long will the 25% discount last? Presumably not forever because its all about profit margins, and when you're trying to sell a niche product - nootropics - to an already inherently niche market of crypto-users, how long can any such discount be offered in order to attract customers when you also have to compete with the mainstream market? It's not possible to maintain that level of promotional discount in the mainstream markets for any period of time, never mind here.

I just don't see the need for it. Maybe I need some smart-drugs to make my brain work better.  

Once we've received our 3rd party COA's, we will present these to the public domain. These will be ready very soon.

We cannot offer shares in our company through an ICO, this would be considered illegal. However, we can offer investors an appreciating value of the coin based on the performance of the company. It isn't hard to see how this works and we've explained this before. This however does not rule out the possibility that we can issue dividends based on the proportion of coin that you own. We will look at the viability of this shortly. Strictly speaking however, the coins themselves cannot be treated as a security.

Price manipulation is not something that we are interested in. I only pointed out that we would be buying our initial float of coins after-market at ICO price and that it is unlikely that given our bid, many people would sell below the price which they invested at. You are right in saying that we have cut margins, but we are not a loss leader. The first step for any business is to reach an equilibrium point where it is self sustainable, the model we have created allows for the influx of fiat in exchange for the coins. We do this because ultimately, we want the entire niche market to put their fiat into our currency, meanwhile allowing customers / investors with NooCoin holdings to openly trade this hybrid commodity / currency. Once we launch our in-house exchange, customers will be able to buy coins directly from our website, the system we implement means that we encourage overall more expenditure.

We do not expect to see the business to make an instant turn around or start making large profit, quite the opposite. Our first aim is to create circulation, and wide spread use of the coin. Like any start-up, we wanted to attack a niche that has large growth potential, and do it with a unique stance. The coin offers many advantages to us, because we are able to sustainably offer our investors as well as customers opportunities to earn more coin through participating in the business. Any merchant who offers loyalty points - and there are many, do so with total control over the supply of these 'points'. They are essentially unlimited. This is where we differ, the coin is finite, and value is created through its scarcity. Even though we give away a portion of our coins, we believe that we can reach a point that through our exchange, we are able to atleast sustainably operate with NooCoin alone.

As mentioned previously, we are not a loss leader, we are sacrificing on making ROI sooner by offering products at a thinner margin for ourselves. Amazon actually operates very similarly. Therefore, we intend to maintain offering the 25% discount for the life of our business.  

Our position in the market is more unique than most other Nootropic stores, as such, we have the first mover advantage in crypto. Expansion into global markets and expanding our product lineup to other supplements will allow us to reach those economies of scale as mentioned.

Finally, I recommend you taking Aniracetam, our posts might make a little more sense after that!

I'm not following your point here, but I understand that there are some strange and malicious people who want to damage a coin in terms of its price.
Our interests lie in making the coin a useful currency, and, making our products sell. We're creating an economy, and one that is not dominated by a central authority.

"People often refer to an enterprise system as a profit system. This is a great mistake. It is a profit and loss system, and the loss part, in my opinion, is more important than the profit part. The crucial difference is not in what ventures are undertaken. The crucial difference is in what ventures are continued and which ones are abandoned... The crucial requirement for maintaining growth and progress is that successful experiments be continued and unsuccessful experiments be terminated" - Milton Friedman

We wanted to do something different, and this is to some extent an experiment because we have not ventured into crypto-currency as a business model before, but we have thought about it a-lot, and much of the work we have put in is to ensure that we can run sustainably. In the longer term, we hope to entice other nootropic stores (and any store for that matter) to try our models and use NooCoin in a similar way. Along the way, we will keep innovating - that is a certainty, as in the world of business, not just in crypto, we hope that more players in this economy we have created will benefit everybody.

[CryptoPromotions]

i think two important things are being overlooked here. 25% off if buy with noocoins and team keeps those coins. they don't resell them. this is natural price growth for the coin. is solid plan for investor value if hold.

[Mig-23]

ico,ipo,ito whatever ..not popular anymore right now,..
too many scam ico or ipo coin