Quote from: mlord1010 on August 20, 2014, 11:35:37 AM

Quote from: ffmad on August 20, 2014, 09:20:41 AM

Quote from: studio1one on August 20, 2014, 08:58:09 AM

Quote from: ffmad on August 20, 2014, 08:27:02 AM

Quote from: smackii on August 20, 2014, 08:06:26 AM

This is one of the best coin launched out there, Less IPO. No bug fixing or shit, just FUD in early days.

There seems to be ICO wars out there and starting price was 10k sats. And INT has only an ICO of around 600sats with 16btc invested.

Quote from: xCryptoManiaX on August 19, 2014, 11:24:35 PM

Quote from: yoshiwatusi on August 19, 2014, 11:08:28 PM

so pre-sale price was 67 satoshi?

Around the 500s

The IPO (not ico) was about ~14BTC with a price of ~800 sats

Even with that the price is still undervalued, mining costs are +2000 sats/coin with current difficulty Roll Eyes

getmininginfo says 22 GH and 252 diff so about 2500 if you are renting. If price is under mining profitability a coin is always a good buy if there is no underlying problem.

souldn't be any problems, theses guys are serious.

People really need to do some math when they buy IPO's/ICO. Sys coin was 15% of the coins @ 1500btc or.. 1500 * 6.6666666666666666666666666666666666:) = 10,000btc = 6M market cap for entire future supply. OUCH. That's a horrible deal.

This coins presale:
14btc / 800 sat = 1.75M coins out of 12M coins = 14.5% so very close math for the 15%
This IPO was 15% of coins @ 14BTC or 14 * 6.6666666666666666666666666666666666666:) = 93 BTC = 55,800USD coinmarketcap. Are you kidding me? This is a steal!

it was a little less than 800, IPO was for 15% = 1.8M coins

And yes it's cheap, these guys just wanted to give some BTC to dev working on projects, as students. They do not say they will invent the new best thing in life, like other teams who ask for 1000 BTC or more.

And with that kind of IPO, We won't see people wanting them to do miracles because they invested 99% of their economy.

The way they are doing this projects look much more sane.