Re: [ANN][MSK]MaskNetwork testnet launched. Testers needed.
Available For Sale 970,000 coins with Last Price $0.4 per MSK = Extremely overpriced, no thanks.
They are currently selling 1 Million coins by 10k bandwidth with a 0.1 increase at each level, starting at 0.1$.
So the 1 000 000th coin should "theorically" be sold for 10$ !!! (if they are all sold haha)
And each year for 9 more years they will put 1 million new coins in the system. Why? idk. Interest rates? New crowdsales?
Will they really stop putting new coins after 10 millions coins in the system? idk either. Why would they stop...
They can edit how many coins they want, I did not read it is a fixed number like the bitcoin.
So in the long run how is it interesting to invest currently 0.4$ / MSK coins
it is too much indeedOk :
1. On the first page of MaskNetwork presale, the first words are : "In total there will be a maximum of 100 million coins in circulation...". So, bitcoin has a maximum of 21 mil and MaskNetwork 100 mil. The max limit is hard-coded.
2. Each ear a maximum of 1.000.000 coins are generated. Half of this amount is generated by interest and half by miners. And for the next 100 years the software (not us) will generate 1.000.000 coins / year.
Right now the market cap of MaskCoin is $400.000.
MaskNetwork is the first and only web-based decentralized social network and in 1-2 weeks will become the first decentralized trading social network. We are alpha over testnet and we are uploading new features every 1-2 weeks.
Right now making price predictions is way too early....