Post
Topic
Board Announcements (Altcoins)
Re: [ANN] IPBC | NOW LIVE | NO PREMINE | NO ICO | FIRST MEDIA MINING PLAYER
by
jimlite
on 13/02/2018, 16:34:39 UTC
People aren't being whiny that they missed out. The coin metrics are HORRIBLE right now. What don't you understand? There are 16 MILLION coins in circulation now, dev team says they have 4 Million. That means there are 12 MILLION coins in the hands of early instaminers. WAY WAY WAY WAY WAY MORE than there should be. There shouldn't even be 4 Million coins in the entire float right now and there is over 4X that. So you basically have 75% of the float in the hands of instaminers that paid virtually nothing to mine those coins. And the problem is NOW there will be no new miners (unless they are really dumb) because those original 16M coins cost about $0.00001 cents to mine and right now it would cost about $0.10 to mine a single coin. That is a MASSIVE difference and completely destroys the coins metrics permanantly. The more I think about it, the ONLY solution is for the dev team to seek out these rich list early instaminers, buy their coins, and publicly burn them. I have coached dozens of teams on this exact same problem over the last 5 years and have done PR/marketing for coin teams. And I will tell you right now this will be a PR nightmare and end very badly for this coin if the devs don't take care of this problem immediately. Waiting for the dumping on the exchange is a bad idea and won't work. Some whale will just buy the cheap coins and the dev team won't be able to. Then these whales have full control over the coin instead of the mass public and dev team.

DEV TEAM-For the love of God, if you don't want your coin to fail (and you've spent a year on this), you must buy those coins back and burn the extra coins produced over what should have been produced. And I have also consulted with Bittrex over the years, and I can tell you that they also will not list your coin with this blunder. I have had to have devs send instamined coins to Bittrex to be burned by them before they would even consider listing the coin. Please contact me if you would like my services in helping resolve this problem.

To everyone saying I am just complaining-Obviously you DON'T understand crypto coin metrics, don't know my reputation and work I have done on problems with projects just like this, or you are an early instaminer that understandably wants to keep all those coins and hope that it fetches a high price on the exchange. But you are wrong because it won't, and it will only severely damage the short and long term viability of this coin's price and project.

I am done trying to help save this coin from sure death or sub 100 sat graveyard. I will not mine, buy, or promote this coin unless the dev/team agree with my analysis and hire me to help them fix the coin metrics and PR nightmare.