Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NOXT] - NobleNXT Proposal/Whitepaper - Noble's 1st Colored Coin
by
HKBvM
on 16/01/2015, 20:10:57 UTC
Since Jason is ignoring my pms, I will try my luck here  - maybe someone else can answer this.

Don't make me ask this in the thread,

You stated here
https://bitcointalk.org/index.php?topic=841741.msg10104739#msg10104739
"effective supply approximately 672,000."(that means 141btc were raised).

You stated here
https://bitcointalk.org/index.php?topic=402667.msg10109325#msg10109325
" So I've raised about 60 BTC" (that means that only ~ 285k should be left in circulation because no one paid for the rest or you bought them back).

You also stated that
"What I can say is I can already confirm 220,000 of 672,000 NOXT are in hands that will not be exiting the market any time soon"
"This effectively means only about 400,000 NOXT are currently available"
https://bitcointalk.org/index.php?topic=841741.msg10104739#msg10104739

And you also admitted via pm that only quarter of the noxt are in circulation (~250k).


So.... if you got only 60 btc, how come we have "220,000 of 672,000 NOXT are in hands that will not be exiting the market any time soon"
Who are those hands? did they pay for their noxt?
who is holding the rest? (~400k)? did those hands pay anything for those noxt or it is just being dumped on us right now for 25% ico price?

What are the correct numbers? and why didn't you burn the noxt you bought back?


I don't think this kind of making pressure is needed, pikatchu...

but Rofo: Why did you give people the possibility to sell you NOXT back?

I believe c-cex changed their ICO rules lately. Now after each ICO there will be a buy wall of 50% of the BTC raised to give people an exit possibility. So what rofo has done here is not unique. There were other ICOs where the devs put up buy walls immediately after the ICO.

Is it a good idea though? Not so sure about it. In this special case it opened an opportunity for manipulation of the noble price. But what is done is done.

What I cant quite understand is why people are selling with a 70% loss after not even two weeks. Dont let me get started about PMing the dev about the price. Grow up. Seriously. If you have questions about the project, thats what the thread is for.