Re: [ANN][SIM] Simcoin - A Simple Coin

This is not another IPO. It is unborn-coin inside another coin with trading possibility.

What, like a derivative?

There will be a real exchange in a few weeks after the IPO is closed.

It might be interesting. Let's say 200 BTC were invested. You release Sim asset on Nxt AE. 1 token for every 0.1 BTC invested, it means that 1 token represents 200'000 SIM (if I did the math right). So you release 2000 tokens and distribute them among investors. For instance, I invested 3.5 BTC, so I'm getting 35 tokens which represent 7'000'000 SIM. After you send tokens we're able to buy/sell them on AE. After you launch the coin asset owners send you tokens and get real coins for them.
Why would you do that?
1. Get some publicity before the launch. Lots new people will know about Sim after it goes to AE.
2. Trading would start long before the launch and the price would be growing with time. As closer the launch as higher the price.
3. Some people not just would know about Sim but into it before it even launched.
4. Just for lulz

bad idea

I don't understand your suggestion.
There is no point to go to Nxt AE while the IPO is still open here (price on AE will be the price here)
And when the IPO closes here there will be an exchange from sim.
so the only advantage is that it will let people that already invested in Sim and want to sell their stake @ market price / small loss.

Nobody reads prior to answer, right? Of course after IPO is over.

NxtChg said that the exchange will be launched in a few weeks. It might mean up to a couple of months. What's the reason to wait two months if you can start trading right from the first day IPO is over. By the time the exchange is launched a lot of people will be aware of Simcoin.