Quote from: GREEDYJOHN on March 13, 2016, 06:22:54 PM

Quote from: altfolio on March 13, 2016, 05:39:58 PM

Please help me understand BIGUP. The OP does not mention the ICO price? Nor the total. Please do so. The secret is that the price cannot fall lower than 1 satoshi, you think? Did I get that right? Thanks a lot!

'AltFolio.ddns.net helps trading'

.

Get ICO price here:

https://yobit.net/en/ico/

BIGUP coin is on the list.

Thanks a lot.

Now that I have that one number I can assess this, not before.

Quote from: GREEDYJOHN on March 13, 2016, 06:22:54 PM

https://yobit.net/en/ico/

Very helpful list. Didn't know. So the ICO price was 1 Satoshi? Please put that 1 Satoshi information into the OP, it is essential for anyone new who is coming here. Thanks.

A bit stupid that yobit doesn't tell how much was actually SOLD during the ICO. So for now let us trust BigUpGiddyup for this:

Quote from: BigUpGiddyup on February 17, 2016, 01:15:10 AM

BIGUP Specifications:
Name = BigUp
Symbol = BIGUP
Initial Supply = 4,000,000,000 (4 Billion) BIGUP = 3.5 Billion ICO + 500 Million dev funds
Burned after ICO: 2,581,823,262.49698260 (~2.581 Billion) BIGUP

So I guess that means you made (3.5 - 2.58182326249698260)*1000000000 * 1 Satoshi = 9.18176738 BTC? Am I correct? Please check my numbers, everyone can make mistakes :-)

--> Please put that 9.18176738 BTC information into the OP, it is essential for anyone new who is coming here. Thanks.

9 BTC is not much to keep on developing a coin ecosphere until it is successful. At 20 USD / hour ... it is gone after 180 hours ~ 1 working month.

The main problem that would keep me (and perhaps others too) from investing is this:

Quote from: BigUpGiddyup on February 17, 2016, 01:15:10 AM

Initial Supply = 3.5 Billion ICO + 500 Million dev funds
Burned after ICO: 2,581,823,262.49698260 (~2.581 Billion) BIGUP

--> Am I understanding this correctly?

0.5 / (4 - 2.58182326249698260) * 100% = 35.3 percent devfunds. Please check my numbers.

If that last number is correct, then this coin is a nogo for me right now.

However, the situation could be repaired really easily:

Burn (at least) 2.58182326249698260 / 3.5 * 500 million = burn 368.8 million coins of the devfunds-premine. Please check my numbers.

That brings the devfunds down to the pre-ICO ratio 0.5/4 = 12.5 percent devfunds-premine. Premine additional to ICO money ...

Just my 2 cents. Reward me if you like this: [BIGUP] BHjrBL6ZXoKwNaKkb4iXu6snEajJXVKav4

All that mathematical hokuspokus is actually tiring, I know.
The above calculations were done manually, so forgive me if there are errors in it. Errors are human ...

... actually one of the reasons why I have created this superb semi-automatic solution. Try it, it does helps a lot:

'AltFolio.ddns.net helps trading'

Wink

EDIT: Or are the 500 million locked into some smart contract, and only released slowly over time? They should IMHO really not be in the hands of 1 person.