Quote from: NooHackTeam on December 18, 2014, 03:01:07 AM

Quote from: NewWorldCoiner on December 17, 2014, 11:17:09 PM

Quote from: garyfox on December 17, 2014, 10:25:51 PM

Quote from: placebo on December 17, 2014, 06:48:29 PM

Any reasons why you think this coin should be worth $80K? Is the ICO price not a little crazy, when you check this against other coins?

Most other coins are not building a solid business with tangible assets and customers. Our coin facilitates the development of a real retail business and helps customers also benefit from this business in the form of loyalty rewards and discount prices.

The pricing is a mechanism to raise sufficient funds to invest in the business and achieve stage 1 marketing plans. Thereafter we will gain momentum and expand the business. Generating capital is a normal business process for start-ups but in this case it has substantial grounding in a fast growing and expanding market sector - Gary, NooHack

This is just crazy. You basically want us to pay for your first bulk shipment of drugs, and as "investors" we're rewarded with a discount? No shares, no profit, no dividend? Why not just use Kickstarter to fund it, why create a new coin with a sliding scale discount if not to manipulate the market?

You've got your drugs for sale offering a discount for purchases made with BTC, presumably because of the lower transaction fees. OK
But you offer a greater discount on these drugs if we pay with NOO, a coin that you created, assigned an arbitrary value to, and which we now have to buy with BTC. How is this different to the Federal Reserve or the Bank of England removing the gold standard to create a currency they control?

What's wrong with using BTC as payment for your drugs, other than the fact that you don't control the supply of BTC to be able to sell it in an IPO?

And where are these drugs from anyway? I'm guessing China with a dispatch date of April, can't see the country of origin on your website though.

Actually, we've already paid for the first shipment of drugs. We have COA's from independent and reputable third parties to verify the products.

We have a sliding scale discount because eventually we would prefer if the NooCoin was the main method of payment. In order to facilitate this stimulation of an eco-system, the ICO serves as a way for us to bring larger economies of scale into our business process.

Other coin launches do not base their model around anything tangible, and least not shares, or profit.
Our Account Tier system actually earns you NooCoin on a sliding scale the more purchases you make, not only this, we have affiliate and referral schemes which will also give you an active role in earning NooCoin through referring product sales to new customers.

This is a real eco system where the value of the coin appreciates with the performance of the business.
Furthermore, you are paid a 3% interest in PoS yearly, on top of this.

Whilst we have created the coin, once it launches and goes live for trading. It is no longer in our control, we simply give people an opportunity to benefit from NooCoin by passing on the savings we have from this entire process.

There are plenty of coins that have launched that serve no different purpose than Bitcoin, and at the end of the day, they are justified in doing so, because just like us, they wish to seek niches' where the coin can be more specialised to be used in that particular market segment.

Our dispatch dates will be January. Not April.

Righto, couple of points, firstly, lets see the COA's so we know what you're trying to sell us and where it comes from, and secondly, the bold bits above.

Most coins offer nothing tangible. True, but all I see here at the minute is an IPO backed by graphics and a website. It's not quite tangible yet. And your argument doesn't stand up because you're offering a product for sale, not like most intangible scam IPO's promising to develop a non-existent service or feature. So when you seek money from people which you will then invest in developing your business, shouldn't those people be treated as investors and rewarded accordingly instead of just getting an extra 15% discount? And if you offered shares or profits in the business, wouldn't you attract more investors rather than just the people who are interested in discounted Nootropics?

How is the coin no longer in your control when you propose buying 5-10% of the coins from yourself with the BTC you get from selling the IPO to us? You already warned some guy not to expect the price to fall after the IPO because of this planned price manipulation.

Also, what savings have been made by creating a new coin for a niche market instead of just using BTC as a payment method? It will have taken time and resources to create a new coin, which you freely admit needs giveaways and bounties in order to promote its adoption, which is more wasted resources. The money would have been better spent elsewhere promoting the business, not the coin, if the business even exists. And by that I don't mean an un-registered business, anyone can register a business to appear legit. What I mean is at the minute this doesn't appear to be a viable business model, it looks like an IPO rinse-out. You talk of economies of scale, so is this coin your idea of a loss leader? If so, how long will the 25% discount last? Presumably not forever because its all about profit margins, and when you're trying to sell a niche product - nootropics - to an already inherently niche market of crypto-users, how long can any such discount be offered in order to attract customers when you also have to compete with the mainstream market? It's not possible to maintain that level of promotional discount in the mainstream markets for any period of time, never mind here.

I just don't see the need for it. Maybe I need some smart-drugs to make my brain work better.