Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][SGL] Sigil - Decentralized, 0% Fee Crowdfunding
by
Noruka
on 24/03/2018, 11:11:01 UTC
Quote from: ali11 on March 23, 2018, 12:35:59 PM
Quote from: Noruka on March 23, 2018, 11:51:46 AM
Quote from: dkmontague on March 11, 2018, 07:21:05 PM
To all new eyes: DO NOT BUY THIS COIN.  Devs are no good.  They stake 1.1MM/2MM of the premine.  They own about 50% of the total supply.  They don't address concerns.  I foolishly mined some of these coins recently, been regretting ever since.  Had potential, but it's been corrupted.  Total waste.

Can anyone who is neutral here confirm these allegations? If it's true it is not really worth looking at this further let alone buying it.

That's true. Devs staking about 1M coins and own about 2.5% of the total supply.  They need some stable income to cover future operating costs, as the Sigil Go will be without fees.
If you want more information about this project and its current progress. Join the Slack: https://join.slack.com/t/sigilplatform/shared_invite/enQtMjk2NzEyMDAyMjA4LTk0OThiOWEwZmRhZWVlMDlhNmZlNjIxZDJhY2I2ZWExZGYzNGM5OTFiNjhmN2M2YTM0MjA5MDEzNTIwYjgzMDM

Hm I think staking 2.5% of the total supply is still fair if they don't have any other source of income as of yet. Is there any revenue or business model planned?