I thought that they would do that ("burning coins") but it won't help because it doesn't show anything else than desperation and under the line it's a nice admission that they were wrong while we here were right from the beginning.


There are some points that should be considered:

1.

If we calculate just what's on the market it's this:
212,956,147

Marketcap: about 880k Dollar

And that's still too much in my eyes for a project with that many flaws, without any transparency or just communication, and without any innovation. But the thing is: Even if they destroy 70% of their holdings there are still billions in the background and there is still a too high inflation-rate.


2.

They say: "Three months after launch of its first consumer apps, NeuCoin has reached over 275,000 users and is growing at over 8,000 users a day, on track to acquire 2 million users by year-end 2016."

And sorry, but I absolutely don't believe that this is more than a blatant lie.

Think about this: The Poloniex-Exchange has about 120,000 Users (they don't show it anymore but it was about 100k by end of the last year). And the Neucoin-Team wants everybody to believe they have 275,000 and that they grow with 8000 Users a day? That would be another 240,000 per month!  

Everybody who thinks about that must come to the conclusion that this is a ridiculous lie. Poloniex has a 60,000 BTC-volume today in 24 hours, with their 120k Users and multiple projects on the exchange, mainly it's about Ethereum. Neucoin usually has a volume of not more than 1 BTC per day (today it's more because of the announcement, but not sure how much is real and how much is fake).

Or the forum: Every day 8000 new User but it's all the Superman-guy who tries his best to get ppl excited. Or here in this thread... no new users who would like to know what this is about? I mean, there should be at least 100 users of 8000 everyday who make an account on Bittrex or the official forum or here to speak about it, if they are so excited about Neucoin, right?



So, what is this (still) about? It's greed like it always was. Just 78 BTC left: https://blockchain.info/address/3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH

All what they want is to give incentives for buy-support and they still give a shit about their investors. They focus on the "value" of their own supply.


And a big problem won't ever change: There is too much proof for a totally lack of professionalism and integrity and transparency and innovation. I mean, every professional who would think 5 minutes about implementing Neucoin wherever, won't see the "coin-destruction" as "wow, great decision!". It will be seen as what it is: An admission that this project was doomed since day one because of greed. And it still shows nothing else but greed what they do now. And nobody with some experience and an IQ above room-temperature will believe in their 8000-new-user-per-day-claim. Count those who are active in the forum... maybe ten. Buy-support on Bittrex: 6.7 BTC.

So, I would be carefully with buying because of their newest idea to destroy coins. ;-)