[ANN] [GEO] GeoCoin | GIS & GeoTechnologies

[weifa]

I've heard a lot of questions from the community lately so I just wanted to post another warning that we are not related in any way to the "GeoCoin Snap" app available on Android.  Please be very cautious online as crypto is the wild west these days.  As far as I know, that project doesn't even have a working wallet, source code or trade-able marketplace.

[N30]

Can anyone tell me is Yobit supporting this swap? 

We have reached out to YoBit exchange but have not received any response from our support ticket or twitter messages.  We recommend that all users withdraw their coins from YoBit, and migrate them to either Bittrex or Cryptopia if possible.  The other alternative is to migrate the balances into the GEO desktop wallet, you will need to Sign a Message to prove ownership of the wallet address.  The balance captured in the snapshot will be credited.

So are you confirming that Cryptopia will be part of this swap?

I have seen some coins or tokens after its swap Yobit has still been trading the old coin creating confusion between newbies or people who is not informed about swaps. I hope this is not the case with GEO, but I remember when DBIC migrated as a token, Yobit was creating a big confusion and was trading DBIC for long time.

[YoggYogg]

Can anyone tell me is Yobit supporting this swap? 

We have reached out to YoBit exchange but have not received any response from our support ticket or twitter messages.  We recommend that all users withdraw their coins from YoBit, and migrate them to either Bittrex or Cryptopia if possible.  The other alternative is to migrate the balances into the GEO desktop wallet, you will need to Sign a Message to prove ownership of the wallet address.  The balance captured in the snapshot will be credited.

So are you confirming that Cryptopia will be part of this swap?

I have seen some coins or tokens after its swap Yobit has still been trading the old coin creating confusion between newbies or people who is not informed about swaps. I hope this is not the case with GEO, but I remember when DBIC migrated as a token, Yobit was creating a big confusion and was trading DBIC for long time.

What's the difference if they trade Geo coin in the future? People can still withdraw and do the manual swap for Geo Token with the developers if they decide to.

[weifa]

Check out the new promo video with details for the upcoming blockchain upgrade and plans for inflation!

https://twitter.com/geo_coin/status/955669995534430208

[NutMasterTardd]

90% reduction in yearly inflation, I did not expect that. Well I am sure many long term holders will be happy with that announcement. So circulating supply is currently 3,396,517 GEO and there won't ever be more than the total supply of 4,000,000 mined during the next 10 years of PoW?

[scattypatty]

Morons dump for no reason!! 

[supermoney]

Morons dump for no reason!!  

The reason is Bitcoin:
1. FUD caused by South Korea’s new tax law.
2. CME’s futures contracts going to expire on 26 January, most likely to be another win for shorts (CBOE closed for bears too).
3. Weak hands being wiped out of the game.

[weifa]

90% reduction in yearly inflation, I did not expect that. Well I am sure many long term holders will be happy with that announcement. So circulating supply is currently 3,396,517 GEO and there won't ever be more than the total supply of 4,000,000 mined during the next 10 years of PoW?

The remainder of the new GEO coins will be distributed through Proof of Location (PoL), where GEO can only be 'mined' by picking them up off the map interface.  This blockchain upgrade will mark the end of the POW mining phase.

[NutMasterTardd]

90% reduction in yearly inflation, I did not expect that. Well I am sure many long term holders will be happy with that announcement. So circulating supply is currently 3,396,517 GEO and there won't ever be more than the total supply of 4,000,000 mined during the next 10 years of PoW?

The remainder of the new GEO coins will be distributed through Proof of Location (PoL), where GEO can only be 'mined' by picking them up off the map interface.  This blockchain upgrade will mark the end of the POW mining phase.

Okay thanks for clarifying.

[weifa]

For those of you who scored a physical trackable GeoCoin from DCTRL in Vancouver, here's some info for activating your trackable and getting setup on geocaching.com

https://twitter.com/BackroadDave/status/955862553447419904

If you'd like the last known location of the trackable added to the map, please send us your url once it's activated.

[scattypatty]

Morons dump for no reason!!  

The reason is Bitcoin:
1. FUD caused by South Korea’s new tax law.
2. CME’s futures contracts going to expire on 26 January, most likely to be another win for shorts (CBOE closed for bears too).
3. Weak hands being wiped out of the game.

I hope you are correct and things will turn around soon 

[YoggYogg]

Morons dump for no reason!!  

The reason is Bitcoin:
1. FUD caused by South Korea’s new tax law.
2. CME’s futures contracts going to expire on 26 January, most likely to be another win for shorts (CBOE closed for bears too).
3. Weak hands being wiped out of the game.

I hope you are correct and things will turn around soon 

I agree with above reasons although many people could have gotten dissapointed with quality/content of delivered video that was being prepared for roughly 2-3 months, sorry Weifa, nothing against project, but I think there were hopes to see at least snapshots of new interface or possibly some extra marketing involved... not huge fan of it myself, but gaining a little bit of traction could also help developers support additional expenses and give room for more future planning. Also benefit of greater community which can offer specialized help by directly working on the project - unless after application release developers are planning to shut-down project from development point of view and let Geo Application live it's own life 

Crypto is filled with marketing, many of which are scams like Bitconnect (or my new scam candidate DavorCoin), and they take a lot of potential steam off great projects which can provide value to business and/or create extra awareness around crypto-space like Geo; tell me who wouldn't tell their friends of being able to snap few tokens here and there during a walk or on the way somewhere, they won't be worth much as mentioned today inflation is tiny, but they would get a chance to use and understand crypto without having to "invest financially", if they like it maybe in the future they will invest in other great projects, to mention Ubiq for example.

In the end all coins deal with some sort of inflation and most markets absorb it better or worse. Geo is planning to have fractional inflation comparing to others in coming years therefore market won't get slaughter with inflow of tens of thousands dollars daily - case for 90% of the coins/tokens. Thank you Weifa and rest of developers for setting this sort of inflation plan, I believe this choice will have many long term benefits for Geo. Good luck with the rest of swap! 

[Tobler]

Please have your coins on Bittrex Exchange for the swap.

Thank you

[zeke29]

So its just like  pokemon go?

you just walk and get GEOCOIN?

very interesting!

[YoggYogg]

At the same time I sort of don't mind the lower price... gives some extra time to spread the word about Geo to further friends while weak hands and real bawler traders like this little fuckboi wait for their payday -

https://gyazo.com/59cde6c15dccc11d1e99213466213265
https://gyazo.com/074e2ea407247be8c0e73c6618ae5d34

[Lamasta]

Please have your coins on Bittrex Exchange for the swap.

Thank you

Hi,

My coins are on cryptopia. Is that exchange still supporting the swap aswell? On the website and the youtube video your saying bittrex and cryptopia.

[supermoney]

Please have your coins on Bittrex Exchange for the swap.

Thank you

Hi,

My coins are on cryptopia. Is that exchange still supporting the swap aswell? On the website and the youtube video your saying bittrex and cryptopia.

Yeah Cryptopia is taking part too:

https://image.prntscr.com/image/Njf1Xar0STOP3XY0-UAUoQ.png

[scattypatty]

Please have your coins on Bittrex Exchange for the swap.

Thank you

Hi,

My coins are on cryptopia. Is that exchange still supporting the swap aswell? On the website and the youtube video your saying bittrex and cryptopia.

Yeah Cryptopia is taking part too:

https://image.prntscr.com/image/Njf1Xar0STOP3XY0-UAUoQ.png

What do you feel will be price outcome of the upcoming days?

[supermoney]

Please have your coins on Bittrex Exchange for the swap.

Thank you

Hi,

My coins are on cryptopia. Is that exchange still supporting the swap aswell? On the website and the youtube video your saying bittrex and cryptopia.

Yeah Cryptopia is taking part too:

https://image.prntscr.com/image/Njf1Xar0STOP3XY0-UAUoQ.png

- snip -

What do you feel will be price outcome of the upcoming days?

We got two major resistances at 100k and 150k satoshi where last ATH was set. So frankly speaking if you are intended to make a short term trade then I'd suggest you to set your sell order at 100k and 5/10% stop loss max.
However, if we follow Fibonacci then the next potential target might be 200k.

[Shorty2520]

Hmm.. i wanted to send them now to cryptopia.

But i think i will save them in the wallet and use the manual swap instead? It seems snapshotting already bugun.

Or is it not to late? I thought 25. Jan 2018