the problem is that those questions have already been answered dude you keep asking the same stuff

You see...you just repeated again. I told u market cap is based on coins in circulation.
And bro, they are not going to be held in cold storage, they will be in escrow.\ OP
i do agree with you  that they sould be more clear on how they will distribute coins. because the apps will bring people from outside into crypto but other that there is no real plan other than whta the blog post said.
and i do hope that is cleared before actual launch. but since i did invest i go off what te escrow said.

Man, escrow can be anything. The real question is how the supply will be distributed. And again: What you tell people here about the market-cap is totally misleading!

1. They create a total supply of 15bn Coins!
2. They sell whatever is possible in an ICO at a price that the total would be about $450 m - that is telling about the price!
3. Of course, only a fraction of those Coins will be sold out
4. The Rest, and that will be >99% --> in cold-escrow-storage

Who will be escrow btw?

5. Nobody knows how they plan to distribute, but it's clear: They want to sell the rest! Whatever rules there might be pointed out to get it - I don't know!

6. Nobody knows the inflation-rate right now! That's another fun-fact!

Are these basic-economic-facts so hard to understand?


For me it's very hard to understand why you have so much trust if you don't know more than me and if you don't know them. And if you are honest about "no connections" - that means nothing more than that you defend something plus trying to give me a troll-branding while you know nothing about this! Of course that's possible. It's maybe even usual for guys without any experience in Crypto.

Total and available supply - difference: Because it's that way on Coinmarketcap or why?

Is it really that hard to understand that it doesn't matter? Let me explain why, because you really seem to be new to Crypto:

The team sells amount x of Coins now (most likely not even close to 1%). Let's call that available supply. That is the amount that will be on the market right after the ICO! I think we agree here.

But: They've sold this amount x at a price that the total amount values at about $450,000,000

That means nothing else than Debt on a future price (only if this project should turn out as very successful) on the back of those who invest now. Because they already pay the price as if this would have such a value!


Totally centralized:

They hold these 99.9% premine - in escrow. What I mean with "can be anything" is: There are no rules, no informations how and how much Coins they get and when --> to sell it. And I'm not aware that there are informations who will hold those coins.

So, let's say they give themselve rules when they get more of the premine - that will reach the market. And it will happen additionally to the inflation because of the PoS-System - while nobody knows the inflation-rate, right?


Let's think about the premine - doesn't it need a lot of trust that it won't be staked?

You know what would be possible with an amount that is > 50% in a PoS-System, right?

With 99.9% this project is no Cryptocurrency! It's a totally centralized central-bank-premine-whatever-thing at a ridiculous high price.


Every aspect needs trust while all given informations, and especially those informations that are not given show:

There is zero reason to trust the guys behind this in any way. Nothing shows honesty. Nothing shows abilities.


 

Why am I wrong with the marketcap-aspect? And sure, would like to see a working project with such economics.

The only project I know that tried something similar was Neucoin. Investors gave about $1 million in Bitcoin. They've lost everything(!), the price went down from 7000 Sat to 1 Sat while Bitcoin increased from about $250 to what it is now.

I know that Coinmarketcap shows it that way. But that doesn't change the facts I've tried to explain above. Imagine it this way:

You start a project. And let's say that you are really a great CEO and Coder and totally honest - but there is nothing else yet than an idea. You sell the idea for 0.1% of the total supply. The rest is under your control or in escrow, will be released when you reach certain milestones.
The total supply is valued at about $500 million.

The 0.1% is the available supply that is on the market.

Since you are a great coder and you hired other great guys you meet those milestones over time and of course: You need funding and you want to distribute the currency. So you sell - maybe in additional ICO's. But if your first ICO already had a price as if the project already would be worth half a billion dollar - where should be room to make profit for your Investors? It will need years of perfect development and marketing and work in all aspects to get a project to such a valuation.  

But the problem is: Even if you would be the best coder and the most honest person - people can't possibly know if that is really the case until you prove it over time. But the decision to make such an ICO would already prove the opposite. It would show that you have no understanding. It's not possible that people will adopt a 99.9% premine-cryptocurrency! That wouldn't even be possible if the price would be a fraction of what it is now! And there is also no reason for another central-bank-illness! Cryptocurrencies are not about central-control - it's about the opposite!

And just to avoid misunderstandings: I'm not talking about you here - that's what this project is about. They have no clue!  


This project has zero chance and I'm not guessing! It's a fact!

And because your question about Neucoin:

This was my prediction right after launch end of Sept 15:



This is the chart:




It's dead... And btw, Neucoin-Investors also called me a troll while I just outlined the facts. And Neucoin was much bigger than this project. Even the Doge-Inventor Jackson Palmer promoted it and the Founder of Neucoin was the Millionair behind Candy-Crush.

What coinmarket-cap shows or not shows is not that relevant. Imagine any of the more established projects, let's say Dash: Would people trade it if they would know: 99.9% is in the hand of the team? Of course not. They already had problems because of instamine-accusations! Or take Factom: Total supply is valued at about $30 million. And they have partnerships all over the world, they make real business. But the total supply of this 99.9%-premine-*whatever*-project should value at hundreds of millions without a whitepaper? People wouldn't even buy into Factom if the team would hold that much!

Since it's not possible that this is a quality-project and since there is proof that the guys behind didn't really think about it, it's not even relevant if this is a planned scam (if yes, not even smart) or just naive-stupid. Out of Investor-perspective both stays the same: Safe way to lose money.

signature campaign can still be?

It looks good one, keep watching.

This ico is way too expensive.

15 billion coins is A LOT of coins, at 3 cents each I just do not see them selling for much post launch.

Obviously the devs won't get hundreds of million of dollars in investors so what will the rest of the be used for...devs to dump on the market further screwing people who bought in?

what a joke.