Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] SoundMoneyCoin (SOV Coin). A new King is in town.
by
rothbartofficial
on 07/03/2019, 16:10:25 UTC
Quote from: ICOEthics on March 07, 2019, 03:59:49 PM
Quote from: rothbartofficial on March 07, 2019, 03:16:06 PM
Quote from: CiNik on March 07, 2019, 02:53:19 PM
How do I understand the white paper and more detailed information about the project will be later?

There is no whitepaper. It's simply a smart contract, no ICO, and complete and utter anarchy.


No Team and No whitepaper - you want people to mine coins and what? a pump and dump? Anarchy as you wrote? Venezuela II?

Actually the opposite of Venezuela, because there is no way to print SOV beyond the limit set by Ethereum block times, and inflation is set in stone forever. That's the whole point  Roll Eyes

Smart contracts replace the need for a team. The smart contract already fully determines all aspects of the currency, band in contrast to Bitcoin it can never change.

Regarding pump & dump, any coin is susceptible as long as trading volume is low. The only way top prevent it is to have as many individuals mine as possible and prevent whales from accumulating to many coins.