Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LOL] LeagueCoin | X11 | PoW + PoS | TipBot for League of Legends released
by
majeis
on 10/06/2014, 05:13:11 UTC
LOL made $650 million last year, in an ideal world the market cap would be worth at least a quarter of that!

HAHAHAHAHA

Good idea saying that this project is going to absorb 25% of the profits of the company this coin steals its name from.

I'm sure that'll just make their attorneys swoon.

First off you don't understand math or how stocks or crypto works because a market cap of a "security" doesn't actually need that exact amount to actually flow into the coin to make it worth that, the free market just needs to feel it is worth that. You think $60 million actual dollars flowed into Doge to get it to where it was at its peak for instance? Hell no.

Second, no income is going to be "stolen" because this is supplemental to the game, LoL makes their money off microtransactions of extra game content, this is a tipping bot which is a completely separate revenue opportunity that doesn't effect LoL's bottom line unless they decide to build their own tipping bot.

The primary development focus of this coin is to currently have their own version of how LoL makes their money. How is that not stealing from them?