Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Crypti | Release July | 100% POS | New Source | IPO Started
by
dzarmush
on 12/07/2014, 18:29:15 UTC
Quote from: Litoshi on July 12, 2014, 06:05:49 PM
Quote from: dzarmush on July 12, 2014, 05:54:33 PM
Quote from: Litoshi on July 12, 2014, 05:48:22 PM
Cool there is nothing to prevent them from walking away from the coin later.

except for having 15'000'000 coins which will cost 750 BTC if Crypti market cap is 5000 BTC and no reason to abandon launched and working coin

This coin will probably be divided into 900 shares (750 BTC plus bonus).  Each share will then be around 111,111.11 coins.  Each coin will then have cost 900 satoshis. 

Do you feel that this coin can sell for more than 900 satoshi?   

If not:  why are you investing

If so: why do the devs need your money if they could sell this themselves on an exchange for 5000 satoshi? (think Ripple)

I feel like 5000 BTC is the minimum possible market cap for this coin.

It's possible to do pre-sale the same way as Ripple or eMunie. But I see no reason for doing it that way. It's kind of a standard for cryptocurrencies IPO - people invest money and receive amount of coins depending on total amount of investments. In this case devs don't set a price. Instead of it people decide if it worth their investments and set the price by investing. So it's more fair and true way to determine a coin value.