Re: [ANN] SLING | LAUNCH | SHA 256 | PoW PHASE STARTING NOW | POS Masternodes | ANON
How is this a good price? This will have more than twice as many coins as Crave in less than a week...
Surely this coin is very expensive because this coin is a cheap clone of crave, but crave has only 554K coins and active development until now and crave market cap is $330K.
Slingcoin will have 1.3m of coins, but the true is that right now slingcoin has 0% of development and the practically same market cap of crave, so this coin is extremely overvalued, I think a good buy is around 20-30K sat, but when you have whales working for to get your BTC, believe me, none value can be too expensive or cheap for them because they will control the prices for their benefits, be careful with this coin, because you can get burned to death.
Sling coin will have a total of 1.3m coins -- I think your MATH is off here, POS already started.
As of the time of this post, we are on block # 1797 and only 162,349 coins have been minted. On this path, the coin will have much less than 800k total supply.. Probably closer to 600k as POS Blocks are hitting much faster than POW blocks.
"moneysupply" : 162349.26600000
"blocks" : 1797,
Have you ever read the first post?
Algorithm: SHA 256
POW Money Supply: 1.337 Million SLING
Total POW 9759 blocks
Diff Retarget: 2 blocks
POW Reward: 137 SLING
POS Reward: 1.337 SLING HiPOS
Block space: 60 Seconds
Diff retarget: 24 Blocks
Maturity: 37 blocks
Stake Min Age: 8 Hours