Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
LiQio
on 02/07/2015, 05:31:13 UTC
I would imagine that after the first month the foundation will sell off some into spikes but the at launch we want day traders to jump in and give it some volume and have it get a bit of press and I think if the foundation could sell it's coins from the get go it would keep many traders from joining in on this coin.

The foundation wants to be the primary holder the first five years and will be giving away tons of coins to major websites as an adoption bonus and as a freemium. So they won't be selling too many coins unless we come into spikes often. The coin has a year to sell off coins to cover the following years expenses,

Did the foundations already determine the final price they will dictate the market?

Since the price will be predetermined by the foundations for several years they wont run into prize level problems. But what about missing volume: Imagine almost no third party demand for neucoin. The foundations would probably create some to pump it, but what if this was not enough? What if they won't be able to sell enough (= convert to real value) to cover next year expenses? How will the resulting downward spiral be broken?

Who tracks the bonuses the almighty foundations give away? All centrally planned economies open the floodgates to corruption and favoritism.
How is it handled?