From 18:00 10/18 to 18:00 10/19, only 62 blocks were created. MNs come online at 5500. The coin is currently at block 4241.
That means 1259 more blocks need to be generated for MNs to become operation, which at the current rate, would be 20 more days. With the BTC fork coming up causing a lot of volatility already and the chain not moving properly on this, I think there's a lot of rough waters ahead.
I like the concept, but it seems like the price is overvalued right now since everything is completely on speculation.. and things aren't working well to begin with. I'll be a buyer of a masternode around 500 sats, which I see some trades bottoming out near. Anything higher than that seems like a huge risk at this point.
how is everything based on speculation?? Also MN are already online with smaller payments block 5500 is just the reward fix for MN.
well, its a reward increase from 20% block reward to 50% at which Point masternodes will also Play a 50% role in solving those blocks and the Network should run smoother. i hope i understood that correcly.
@alzander:
all you are saying is speculation.
this coin is RL backed by seeds, you can Register on the page and buy seeds with your mrja.
i guess the current Price of mrja are the cheapest seeds you will find anywhere in the world to order.
everywhere else the Price ranges from $5 to $25.
now take a good look at coins with mn that are older, look how much the mn is worth.
$50-500 is the cheap entry masternode that might increase value. but maybe is also dying
$500-1500 (like mrja) is Young masternode, get in or miss the Train.
$1500-6000 now we are talking. get in here for some quick roi, instead of asics i buy masternodes.
$10000-300000 you are too late, this masternode has blown up
Maybe I'm missing something. All altcoins are speculative, and I'm not trying to be argumentative or demeaning by saying that. Right now though, the stated goal is:
Our goal for Ganjacoin is to not only make it the primary Cannabis coin on the market, but to eventually open dispensaries where GanjaCoin is used as the main currency.
I just logged into the site and went to the Shopping Mall area. I see shirts, a vape pen and a VIP pass which doesn't have much explanation.. I don't see where I can buy seeds. I also don't see anywhere where MRJA is actually tied to real seeds.. is there a statement somewhere that the warehouse and harvest are automatically converted into MRJA and coin owners have some ownership in those automatically? I'm pretty sure not.
The goal is simply that the coin creator wants to use these in eventual dispensaries. That is speculative.. we're hoping that happens, but there's no guarantee and it's not happening yet.
Again, that's a noble goal and I like the idea. If all this is is another masternode coin though, and your numbers above seem like that's all you think it is, then stop the talk about RL and seeds and just say it's speculative.
I'd love to be corrected and please point me to statements otherwise where the coin has a real purpose right now and not hopefully at some point in the future.
I do own some coins already and still would buy more on a drop, but right now, it's too speculative for me for being (right now) a masternode only coin that's had an extremely rough start where masternodes won't even start producing for another few weeks right around when the BTC fork happens which is going to continue to cause huge volatility.
