Quote from: swainzag on July 08, 2014, 03:44:48 PM

Quote from: SecondsOld on July 08, 2014, 03:42:15 PM

Quote from: dare88 on July 08, 2014, 03:33:36 PM

Quote from: atleticofa on July 08, 2014, 03:13:45 PM

Quote from: uniqueoff on July 08, 2014, 02:51:58 PM

After so big IPO i am not sure this coin will launch at all. If the total price is 400BTC this is close 260000$ Huh

Good Luck guys Cheesy

400BTC is the TOTAL MARKET CAP of POW mined coins.

In the IPO the coin could reach up to 90BTC, but the dev said than even with 0.1BTC invested on the IPO the coin will launch and the un sold coins will be destroyed by Bittrex.

So, that why investing in the IPO is so atractive.

The unsold coins will be destroyed, so the TOTAL SUPPLY could be lower. Grin

But only 20% of all coins are in the IPO. Even if no coins were purchased and they were all destroyed, there would still be 80% of the original total.

And if they are all purchased that's 100 BTC pre-mine fund to the dev. People freak out when a pre-mine is over 1% but are perfectly happy with a 20% pre-mined IPO. Make sense? Not one bit.

Agreed, people don't seem to comprehend that this is essentially the exact same as a 19% premine where the dev is allowed to dump immediately.