PAYCOIN enters coinmarketcap.com at no.3 spot with 173 Million USD marketcap

[klintay]

not a bad start at all

http://coinmarketcap.com/currencies/paycoin2/

[amacar]

That really surprises me 
I heard rumors that they are targeting at least for 25$ per Paycoin, so doubling the marketcap. This will be interesting year(?) for crypto.

[btckold24]

I just started getting into it today - paid .04 per one but I didnt keep the xpy I threw them into a hashtakers

[csharp11]

Looks like a scam to me. And 3 people are holding more than 30% of the market. They are looking for quick profit - pump n dump. Beware. Looks like a well organized, well backed up scam. I don't think they bought ~ 32 miilion dollars worth each. They are probably the creators. And I dont think that's OK, taking into an account the fact that they sell it at a price, that they defined. Scammers.

https://chainz.cryptoid.info/xpy/#!rich

[lumeire]

They did opened XPY to big investors prior to public launch, maybe they're those.

[csharp11]

I don't know but it looks suspicious. Obviously those who created it have money and experience in the field.
They might even be from a mining company. However, in real life, when you create a company you cannot just sell shares for 20$ each. This is defined by the market. Otherwise everyone would open a company with 10000$ with intitian share value of 0.01, then make 20,000% return on investment selling shares at 20$.... People go to jail for 30 years, just for trying to do that.
And here we have the creators of this currency, who probably left the 32% share for themselves. Lets just remember that this currency actually has no value. So right now it's 1.6million * 0. If however it survives they become multi-millionaires out of thin air.
Then when price hits say 100$ - pump and dump and everyone involved gets broke.

EDIT: All 51 Prime Addresses Ungroup   6,885,168.7 XPY    - 55.63 %

So 3 addresses hold ~32%, and just 48 more hold another 19%. So the public holds 44.37%.... You do the math.

BTW Gawminers holds only 50 thousand coins in their wallets. Which is 600,000$ they probably paid cash. How does one get 32 million dollars worth of XPY... One can only wonder.

[SaulGray]

Looks like a scam to me. And 3 people are holding more than 30% of the market. They are looking for quick profit - pump n dump. Beware. Looks like a well organized, well backed up scam. I don't think they bought ~ 32 miilion dollars worth each. They are probably the creators. And I dont think that's OK, taking into an account the fact that they sell it at a price, that they defined. Scammers.

https://chainz.cryptoid.info/xpy/#!rich

Interesting, was unaware of that. luckily I already made my money back on this coin by selling half the coins I got from renting a miner for a few days when it was PoW. Even if this coin is a huge scam, atleast I won't lose anything.

[csharp11]

Good for you, Saul.