Re: 🚀 [ANN] ColossusCoinXT COLX - Coin Swap - Fair Launch, no ICO/ IPO! 🚀 Released

Damn. I will continue to hold, for now. Guess Ill wait for cryptopia and the whitepaper. I really, really hope I dont regret it.

Hi there... just one question, I am very curious to know why you would like to see a white paper and what difference it will really make to your life and/or your decision to hold on to your COLX or not..?

Sorry, but it amuses me greatly people asking for a white paper... as already itterated here many times, white papers are for ICO Coins when they have nothing but an idea and the white paper is like the projected forcast of their business plan of what they are going to do once they have raised the money to put their idea into practice and make their coin... It's just a fund-raising prospectus...

COLX is already miles ahead of that stage with no ICO and no funding... And a fully functioning and working coin... They have done it completely on their own... So, I for one, take my hat of to them... and I am delighted to be on this very exciting journey now; regardless of whether they have any white papers or not...

Good luck with your holdings and I'm certain in the future you'll be very glad that you held on to your COLX!

Hey Pete!

Because a good whitepaper attracts investors, whether it makes sense or not. I belong to many crypto groups with thousands of members, and something many many people look for when judging a project and its team is its whitepaper. Its a marker (one of many) that is used to help separate shitcoins from legitimate projects. So while it may not be essential or even relevant to the here and now while pertaining to colx, the fact remains that a poor whitepaper or a non existent one puts off potential investors, whether it makes sense or not. And that means not having one, affects us.

That being said, I would be able to overlook not having a whitepaper a million times over if there was more communication, involvement and organization from the development team. I would say not having a whitepaper is one of the lesser problems, but its important to note, because so many people care about it and a quality whitepaper is a box to check for almost everyone I know. Theres a reason the colx team is spending valuable man hours in writing, editing, re-editing, ect the whitepaper, and posting updates on its release.

I sure hope so Pete. One thing I would ask people is why are they so sure people are dumping COLX because of colx related issues and not simply because the market in general is correcting. Then again I suppose if that was the case colx wouldnt be dropping at a worse ratio than the others (which it is)

I dont know.... Im stubborn, I like the coin, I will continue to hold for a little while longer at least.

Lets hope for the best.

Thanks for your feedback and yes valid points... I was looking at it mainly from an ICO perspective... and the more boxes to tick the better agreed... I'm just a free agent and investor like yourself and have never communicated with the COLX team... We could easily get one professionally written if we knew what they wanted to put in it...

Ya Pete, I think thats one of the things that is bugging me the most here (and this will be one of my last 'negative' comments.... not trying to bring the thread down, but sometimes certain things need to be talked about especially if something productive can come of it)

But whats bugging me is that there has been many people offering the team their services to help better this product. With little to no response. People that sign up to be a part of the community team that go weeks without hearing back. Ect, ect.

But there is no quarterback, there is nobody out there (or so it seems, I hope I am wrong... but I havent seen it) making these things happen. Going 'We are starting a wallet upgrade dev team, a website upgrade dev team, a youtube update team, a social media outreach team, a reddit team, a bitcointalk team, and then going 'you.... you... and you.... you will help here' ect, ect... Just typical vetting and delegation that comes with projects like this.

That I havent seen anything close to that, even with such an awesome community like this that is almost yelling at the team to let them help them because they are obviously struggling to juggle everything.... it just worries me.

But hey.... lets just hope that a few weeks from now we can look back on these comments and cringe and laugh at how wrong I was.

They have done a lot of things right thus far, they are working on some important aspects, we have the cryptopia listing coming up.... the market should pick back up here in a bit.... I could see this going either way, so its not all doom and gloom thankfully.