Re: [ANN] [KING] [3 days ICO] Kingdom Coin X13, 2.4M coins, 2.5% PoS | 5 exchanges
Keyser, are you sure about ICO price? After some calculations, it seems too high, partially because of short mining period. There will be huge dumps, because there is only 19 days of mining, and all coins will be on the market. Nothing can stop price to fall to 2000k sats level when miners dump coins. I'm not saying anything bad, but that can create panic and make bad reputation for coin in the first month. ~86400 coins will be created every day, which means that coin will need 6,5BTC pure buy power every day to keep price at 7500sats level. So just asking - are you sure about ICO price?
Yes, I am 100% sure. Like I have mentioned in my previous posts, this is not a pump and dump coin.
From my point of view, when you give a price to a coin, you must sustain it. Either by supporting with BTC or just making people hold their coins.
If I did the first thing, it wouldn't be wise. Because I'd give a false feeling of safety to most of people who will own a portion of KING. So, the only thing which comes up to my mind is to make people hold their coins.
How?
By creating demand. If people can see AltcoinKingdom 2-3 months ahead in the future, they will understand that holding is a better option than selling their coins.
6.5 BTC is not a big sum to be honest. If we get of a few "bigger'' exchanges. We will be listed on 5 exchanges before we even launch PoW.
6.5 BTC wont be an issue at all in my opinion.
Regarding:
Quote
I'm not saying anything bad, but that can create panic and make bad reputation for coin in the first month.
The only person who can give bad reputation to KING is myself. Just by saying/doing silly things. I try to avoid doing both.Panic? Panic can be created with FUD. It can be created when people dump their coins. It's a chain reaction. Domino effect.
Thanks for your input. Not many people coming to ask critical questions
