Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] PRESALE ARION (ARION) - PRESALE & MUT SWAP - X11/POS/POW/MN - 365%APR
by
JimmySoap
on 22/02/2018, 22:56:02 UTC
Quote from: SimpleMan on February 22, 2018, 07:42:07 PM
Quote from: JimmySoap on February 21, 2018, 11:27:23 PM
Quote from: SimpleMan on February 21, 2018, 01:17:01 PM
Quote from: gmtfan on February 17, 2018, 08:58:19 PM
Quote from: SimpleMan on February 17, 2018, 10:27:05 AM
What is the point of the Proof of Stake rate you chose? It doesn't make any economic sense or is there something which I don't understand?

High POS and MN rewards are for getting presale to those who think they can earn coin fast to sell to recoup money but fail to realize that market cap of a coin won't increase because many more coins is produced and that the latecomers do not want to buy.

CBS, QBIC, DV7 are recent examples.  There won't be any demand.

 

Sure and that's exactly why it doesn't make sense. The market will be flooded with huge amounts of coins in a very short time. Hence, the price will simply collapse. Cool model!

The big difference here is that the coin is NOT a 10000% coin. Arion learnt from the MUTUAL experience. Sixty-eight billion eight hundred sixty-five million one hundred twenty-two thousand five hundred eighty Coins for MUTUAL is a BIT ridiculous :-) - I agree. The price of Arion and the fact that most of the wallet holders of MUT that swapped their coins for Arion at a rate of 1:10000 have agreed to lock their coins in is a testimony to the fact that this was a community-driven coin where the longevity of the coin was the biggest request. Longer confirmation times to stop P&D is also part of the coin's makeup. Will you dump your coins for 1 sat if you spent a lot more than that buying it? I wouldn't. Lastly, it also has a 21 Million CAP and a 15-year plan. Thank guys and have a great evening further.



Ok but then the dev had this strategy most likely in mind from the very beginning. Suggest an unsustainable emission curve, buy all coins cheap and then propose a coin swap towards a coin with sound specifications. Looks like well played to me Smiley


Hi there. Nope. Unfortunately, the original MUT DEV did walk off with the funds and so did the Pool guy. This the reason why the MUT REVIVAL/ARION project was launched. So your argument of right from the beginning/Master Plan is unfortunately not accurate. Feel free to join the MUT REVIVAL AND ARION COIN Discords to get the history behind the coin. https://discord.gg/2yzX3CB - https://discord.gg/dM33yQ4 10/10 for creative thinking though :-)