Quote from: Mieehayii on June 30, 2017, 08:12:08 AM

How do you explain that you are not another scam?

At least for now, your blueprint is like a scam.

Well to start with

I don't hold any users funds, you're placing the orders on the exchange yourself
No member in the group will be obligated to take part in a pump if they don't wish to, if you don't like the coin I picked you don't have to buy-in

I'm still working on the best way to make this as fair as possible, here's what I'm thinking so far

1) I'll give all members 24 hours notice that I plan on announcing a coin the next day

2) I'll announce the coin, the rule will be no member can buy-in at least 30 minutes after the announcement, this gives members time to discuss, if the majority of the group doesn't like the coin I picked, we'll cancel the current pump. Also, this will prevent 'sharks', if we see a giant buy wall appear, we'll cancel the pump, these will all be alts with quite small volume so it should be quite easy to figure out who in the group caused the giant buy candle

3) If the group agrees on the coin and no buy wall appears, we'll proceed with the pump. I'll set maximum price targets for the hour and instruct members to start buying in slowly*
*We do want to raise the price of the altcoin RELATIVELY quickly, but at the same time we don't want this to be a pump that only lasts 10 minutes where everyone loses, like I mentioned earlier we'll attempt to push the price higher for around 1.5-2.5 days

4) I'll set the time for members to start selling the coin off (also slowly, not all at once), in theory by this time enough investors from outside the group will have bought in also, so we'll be dumping on them not other group members

To elaborate more on the process to begin selling, members will be free to exit the market at any time they wish (provided they don't dump all at once), but the guideline will be wait until the sell time is announced, also I will set an 'absolute time' what this means is all members are free to dump the coin after this date, provided for some I'm unable to get online to announce a sell time, as an example a schedule could look like this

July 4 - Post announcement to group that coin will be announced at 7PM EDT July 5
July 5 - Announce coin, begin pumping
July 6 - Pump
July 7 - Pump
July 8 - Announce that sell period is coming soon (market begins plateauing)
July 9 - I announce sell period, All members begin to sell slowly
July 10 -
July 11 12PM - Anyone still holding the coin is free to dump at any price

As I mentioned this is just a rough draft, I'm still brainstorming still, but essentially this is how I plan on managing the group
Hopefully that answers some of your questions Wink