just my 2 cents....I bought in with gaw on there primes when they first came out, and luckily have made good profit. the hashlets have been able to mine hashpoints for the past 2 months. then the hashpoints converted into XPY at 400points to 1xpy ratio. they offer hashstakers you can place xpy into to get a greater staking rate. 1 xpy =pays out .0092 xpy daily for 6 months. once the 6 month round is over you get your original xpy back that you placed into the staker. I believe this is how they will be able to keep the price higher is by having all of the original customers placing there xpy into these stakers. after the 6 months is up another round will start, and you have to rebuy stakers if you still want to stake. the rate and price will be determined after each round. there are people that have hundreds of thousands of XPY from mining the Hashpoints. we got to convert our hashlets for free, so the first round(6months) I believe the price floor should stabilize around 15-20.
You can stake in your XPY wallet using the Orion Controller, once you put 50 xpy into it, it will auto start staking. I think it is only like 5% apr. not too sure.
Paybase will be starting tomorrow or so, which is similar to paypal. design looks to be cool. fingers crossed. Walmart, best buy, amazon, etc are all suppose to accept it. they are releasing a debit to allow you to spend it anywhere that debit are accepted. suppose to auto convert to fiat. also you can send xpy to btc wallet and it is suppose to autoconvert...(haven't tried it yet)..
Im skeptical also, but Josh Garza(ceo) has been all out in the public about this. (Times, Wall Street Journal, etc) I believe once paybase starts they will eat up all of the coins on the remaining exchanges to get them all to there on platform. (paybase)
josh hash published that they will buy the paycoins for $20 each guaranteed once they get it all online.
Im not trying to troll, or suck up to anyone. but I do feel that this is a pretty good opportunity here, especially if it all launches smooth. But its easy for me to say because ive been mining HASHPOINTS for over 2 months. and im a small fish. I got about 100 XPY converted to me a few days ago from gaw in my account now. some of the guys out there have 100000+
I have been burnt on about all of the coins out here, but i see this one with potential.
and the 12mil premine, that was what was used for all of the round 1 investors, and AAALLLL of GAWS customers that have been mining hashpoints for months.
GAW actually have been mining just like everyone else.
this is the original premine wallet---PV4REZh7Uw8YsVpzHDPQdwENn2iToSw9GH you can trace it out where it was all dispersed to all kinds of wallets...from what i can see this is about right
the rich list shows the top 3 wallets hold 12-14% each.
4-9 hold about 2-3%
10 down all are 1%
to me it looks like they are gonna try to hold the price right. but im far from an expert.
I believe the top 3 wallets are the three who own the prime controllers also, which helps with the staking. not sure
ONCE AGAIN IM NOT KISSING ANYONES ASS HERE, BUT I HAVE BEEN FOLLOWING AND READING THIS SHIT CLOSE. I WROTE THIS ON MY OWN HERE BECAUSE IT LOOKS LIKE ALOT OF PEOPLE HERE HAVENT BEEN KEEPING UP.
BUT REALLY THOUGH, THINK ABOUT IT, WOULDNT IT BE NICE TO HAVE A COIN THAT WOULD ACTUALLY WORK, AND HOLD A STABLE FLOOR. I DO NOT SEE JOSH DUMPING THIS COIN BECAUSE HE HAS SPENT EVERY FREAKING DAY ON IT FOR MONTHS OUT IN THE PUBLIC.
$14 IS ALOT IF YOU HAVE TO BUY INTO A COIN AND DONT KNOW ABOUT IT. AND SEEING HOW 99% OF ALL COINS END UP SCREWING YOU, AND ME, I SEE HOW TOUGH IT IS TOO BUY INTO IT.
I WOULD AT LEAST WATCH IT IF I WERE YOU AND SEE WHAT HAPPENS, AND BUY A FEW JUST TO GET IN ON PAYBASE.
SORRY FOR THE CAPS TOO.
I realize i am a newbie here and half of yall are gonna say "bullshit" but that's ok. shit i wouldn't want to spend $14 each coin either. but im glad i got in on the beginning at $4 a coin.
just don't bash me too hard guys
Erik