https://bitcointalk.org/index.php?topic=944933.msg10933262#msg10933262

Quote from: Sandrine89 on April 15, 2015, 12:24:57 PM

Hi everyone!

Bitcoin FX, sorry it took me so long to get back to you about your questions, as theyre all relevant to any cryptocommunity member interested in the NeuCoin project. Here are a couple answers, if you feel I havent answered all your questions or would like me to develop a few points, let me know, Ill be happy to do so.
I believe these answers will also address a couple other questions asked on this thread.

Quote from: BitcoinFX on March 30, 2015, 07:18:19 PM

Are these strict re-sale provisions including or excluding all or any PoS interest ? How can this be verified ?

The crypto community will definitely be able to verify that the sale restrictions are respected - we will give you more details about this soon. The re-sale provisions are including PoS interest, though we will publish a detailed explanation of how this will be managed so that there is no misunderstanding.
Keep in mind that there is absolutely no interest for the founders or angel investors in not abiding by the sale restrictions, as it would create immediate distrust in the community and thus harm NeuCoin's short and long term value - which is not in the founders' and angels' best interest.

Quote from: BitcoinFX on March 30, 2015, 07:18:19 PM

100,000,000 NeuCoin = Public Pre-sale @ $0.01 = 1 NeuCoin (i.e. 1 million USD)

Thus, valuing the pre-mine at 30,000,000 USD

The initial presale price of $.01 equates to a market value of $30 million for the total supply of 3 billion NeuCoins that will exist at launch. However, at a price of $.01, it is important to note that Coinmarketcap.com will initially indicate NeuCoins market cap at just $1 million, because Coinmarketcap.com lists currencies by available supply and the only NeuCoin available for sale at launch will be the 100 million NeuCoins sold in the presale (the rest are either sale-restricted or held by foundations). This will rank NeuCoin as number 33 in terms of market cap, with a lower valuation than coins such as Clams, ShadowCash, DNotes and CoinoUSD.

To clarify: NeuCoins market cap will be listed at $1 million by available supply vs $30 million by total supply. By comparison, Ripple is listed at $285 million by available supply vs its $890 market cap by total supply, and Stellar is listed $13 million by available supply vs its $270 million market cap by total supply.

Quote from: BitcoinFX on March 30, 2015, 07:18:19 PM

Even with the initial 100% PoS percentage if the NeuCoin team is successful in attracting new NeuCoin'ers to the currency and building upon said utility, as they have put forward, then NeuCoin could hold its value overtime quite well and may potentially increase in value long-term as the PoS interest percentage return declines.

I don't see NeuCoin being a high or fast return investment though, as from what I have modeled I think anyone buying into the pre-sale would be very lucky to even double their investment within the first year on the basis of the above.

You will be able to gain very high interests on the coins you either buy through our presale or mine, thanks to our high PoS rates. These PoS rates were designed this way so that they can reward early adopters - and actually provide an interesting return on their investment.

Quote from: BitcoinFX on March 30, 2015, 07:58:23 PM

Is what effectively equates to a more than > 94% pre-mine really workable moving forward and in the long-term ?

Our pre-mine, the 2.4B NEU donated to the three non-profit foundations, is actually what will enable the NeuCoin Project team to fund useful applications for NeuCoins and acquire mainstream users.
The Foundations will sell parts of this pre-mine to fund micro-payment platforms and incentivize the building of an ecosystem around NeuCoin
The Foundations will distribute some of this pre-mine for free to consumers in exchange for them to try using the currency (through our freemium model) or to learn about NeuCoin
This pre-mine will be totally distributed over time, and will be so in a completely transparent manner.

Dont hesitate to ask any other questions, Ill get back to you in a more responsive manner!

NeuCoin's initial 100% PoS rate is inexplicably high, even with the consideration to 'reward early adopters'.

The fact that the PoS reward does eventually reduce to 6% is probably workable long-term though, as this provides a more realistic rate of return and one more familiar to fiat savers, for example. However, 100% PoS will most likely quickly diminish pre-sale value even at $0.01 per NeuCoin. It will take for some very spectacular adoption to see market demand increase above this rate of PoS minting.

What I'm personally most uneasy with is the NeuCoin economic model in regards to the fact that a centralized entity is basically in control of the purse strings from the outset and moving forward. Whilst I can fully recognize that Bitcoin mining using pure PoW has also become very centralized in terms of distribution, this is arguably a network effect with coin supply not being restricted, controlled or determined by any entity, unlike with NeuCoin.

The alt. coin most similar to NeuCoin is probably Mintcoin which started at 20% PoS return and eventually reduces to 5% in 4 years. Mintcoin's price is in fact very stable in comparison to most alt. coin's when we consider that its price has effectively been a measured mainly against Bitcoin's price volatility. Mintcoin has been a comparatively stable crypto currency because it has such a large coin base. So, with NeuCoin being focused towards micro payments, this could work well for price stability.

What percentage of 'The Foundations' NeuCoins are being given away (i.e. freemium) and/or are to be sold ?

The main issue here I think is really that: we 'the 99%' only have access to around 5% of all NeuCoin whereas you 'the 1%' have access to around 95% of all NeuCoin.