[ANN] [GEO] GeoCoin | GIS & GeoTechnologies

[scattypatty]

Very excited for the swap not much longer now!!   Any updates?

[NutMasterTardd]

Bring on the 25th!

[weifa]

Hey Weifa, don't mean to bother you too much, but I thought video was coming pre-swap to explain it's characteristics and future plans. As we get closer to the swap I start to wonder if that's still the plan? Thanks in advance

Yes I plan to work on the video this Sunday!

[YoggYogg]

Hey Weifa, don't mean to bother you too much, but I thought video was coming pre-swap to explain it's characteristics and future plans. As we get closer to the swap I start to wonder if that's still the plan? Thanks in advance

Yes I plan to work on the video this Sunday!

Great!!!  Good luck and let's keep Geo rolling!

[HammadAli]

After the swap will we get any reward coins for holding Geo coins or not? If yes then which coins?

[HammadAli]

Will anyone tell me what we (coin holders) will get after the swap?

[JessieBlue]

Will anyone tell me what we (coin holders) will get after the swap?

Read this:
https://bitcointalk.org/index.php?topic=923995.msg28201304#msg28201304

[YoggYogg]

Will anyone tell me what we (coin holders) will get after the swap?

You will get Geo Tokens.

[HammadAli]

Will anyone tell me what we (coin holders) will get after the swap?

You will get Geo Tokens.

So i will have Geo coins as well as Geo Tokens after the swap?

[NutMasterTardd]

Will anyone tell me what we (coin holders) will get after the swap?

You will get Geo Tokens.

So i will have Geo coins as well as Geo Tokens after the swap?

I think you will receive the new GEO tokens and Bittrex will swap them, so you won't hold the previous GEO blockchain tokens.

[HammadAli]

Will anyone tell me what we (coin holders) will get after the swap?

You will get Geo Tokens.

So i will have Geo coins as well as Geo Tokens after the swap?

I think you will receive the new GEO tokens and Bittrex will swap them, so you won't hold the previous GEO blockchain tokens.

So will the price go higher or lower? Your Thoughts...

[YoggYogg]

Will anyone tell me what we (coin holders) will get after the swap?

You will get Geo Tokens.

So i will have Geo coins as well as Geo Tokens after the swap?

In theory yes, but if you keep them on exchange 'Geo Coin' will no longer be traded and exchange will credit you with equivilent amount of Geo Tokens to what you had of Geo Coins therefore exchange won't even allow you to withdraw Geo Coins (considering them worthless). If you keep them on your wallet and do the manual swap with the developers you will likely still be in posession of Geo Coins (although the network itself is likely to be literally useless as there will be no mining power backing it - all miners will quit mining Geo Coin as it will no longer be traded on exchanges and they won't be making money mining it).

Long story short - swap does not give you any more coins, there probably won't be any proof-of-stake mechanism involved as well, but the network specification is going to change and it has not been disclosed yet how. Likely we will see reduced inflation (currently stands high at roughly 15-20% yearly) and mining mechanism is going to be replaced with Geo-Token world-spawning. You can preview how it looks on the old interface - https://geocoin.cash/ but in preparation to the swap developers disabled collecting coins on the current version of the Geo website and soon after the swap should replace it with the new application based on MapBox interface.

Also recently I read comments by many people saying that they downloaded some "GeoCoin" App from googlestore or iStore - watch out as it is a scam and the developers have not yet their application (release date should be announced soon).

[YoggYogg]

Will anyone tell me what we (coin holders) will get after the swap?

You will get Geo Tokens.

So i will have Geo coins as well as Geo Tokens after the swap?

I think you will receive the new GEO tokens and Bittrex will swap them, so you won't hold the previous GEO blockchain tokens.

So will the price go higher or lower? Your Thoughts...

I will put it like this - in my mind Geo Token is worth much more than Geo Coin

Not to mention news of new application coming soon.

ps. I don't mean to talk you into buying. If developers release news tomorrow that inflation will be higher (50-60%?) in order to have tons of GeoTokens spawning on new interface then price is likely to drop hard.

[NutMasterTardd]

Will anyone tell me what we (coin holders) will get after the swap?

You will get Geo Tokens.

So i will have Geo coins as well as Geo Tokens after the swap?

I think you will receive the new GEO tokens and Bittrex will swap them, so you won't hold the previous GEO blockchain tokens.

So will the price go higher or lower? Your Thoughts...

Well from my biased perspective as I own GEO, when the swap was announced the price jumped 300%+ and I know many Twitter crypto users have been mentioning GEO lately so I would expect to see some movement again once the swap actually happens and also I know many fairly whalish traders are invested in GEO, much manipulation is currently happening to most markets and coins are getting pumped and dumped pretty much all the time. Even if this doesn't happen for a second time I am going to hold for a couple years out of pure speculation so short-term price swings don't really bother me.

Having said this is completely up to the devs, so if they announced the total supply would increase by 100% then GEO could really dump badly. I wouldn't expect that to be the case though as it could damage investors confidence in GEO in the short-term, but could be healthy long-term. I don't that is the case though as the dev has said 1:1 swap, so my guess is there won't be any new coins in circulation but we are just waiting for now.

[YoggYogg]

Will anyone tell me what we (coin holders) will get after the swap?

You will get Geo Tokens.

So i will have Geo coins as well as Geo Tokens after the swap?

I think you will receive the new GEO tokens and Bittrex will swap them, so you won't hold the previous GEO blockchain tokens.

So will the price go higher or lower? Your Thoughts...

Well from my biased perspective as I own GEO, when the swap was announced the price jumped 300%+ and I know many Twitter crypto users have been mentioning GEO lately so I would expect to see some movement again once the swap actually happens. Even if this doesn't happen for a second time I am going to hold for a couple years out of pure speculation so short-term price swings don't really bother me.

Having said this is completely up to the devs, so if they announced the total supply would increase by 100% then GEO could really dump badly. I wouldn't expect that to be the case though as it could damage investors confidence in GEO in the short-term, but could be healthy long-term. I don't that is the case though as the dev has said 1:1 swap, so my guess is there won't be any new coins in circulation but we are just waiting for now.

I very much agree. Project itself went very unoticed for long period of time while it actually provides a viable use-case for crypto and what's even better Geo team has app coming soon it seems. Not sure if short-term wise this is gonna blow or settle back down around 20-30k satoshi, but I believe it has more to show if you consider BitConnect is still, after all recent events, valued at 220milion$ while Geo circulates around 20milion$

[NutMasterTardd]

I very much agree. Project itself went very unoticed for long period of time while it actually provides a viable use-case for crypto and what's even better Geo team has app coming soon it seems. Not sure if short-term wise this is gonna blow or settle back down around 20-30k satoshi, but I believe it has more to show if you consider BitConnect is still, after all recent events, valued at 220milion$ while Geo circulates around 20milion$

That is another good point, many genuinely worse projects and scam projects are valued at much more than GEO is currently, there is much room to grow with recognition. Short-term price seems to be stable after dumping from 140k down to 50k and the volume isn't much at all now so it seems the sellers are out but I guess it's up to the whales now, I think after the next pump and dump a new floor will be established, which is good for us long term holders.

[Shorty2520]

What are the news about the manual swap?

Bittrex does not accept new users for weeks (as i said often).

How can we do this? Is the cryptopia thing clear? If not when and how to do manual?

[scattypatty]

Morons sell at 50.7k   pump incoming within a few days 

[crypth0r]

So can I just keep them on Cryptopia?

[scattypatty]

I purchase 3000 geo tokens at 67k but I do not worry. I think I will be able to sell double or more than very soon. 10 btc to 60k and last time a few weeks previous geo hit 1500 btc volume on bittrex should that happen once more the price will go to 150k or more as not even 100 btc to double value. go geo!! many big whales support this coin like secretsofcrypto on twitter