/biz/ - Business & Finance

People hyping this shit up need to relax. It's only two devs with a SWIFT logo. How much is swift even involved?

The presale was a disaster and the lack of communication is stupid. I'm in their slack group and the devs never post - just their community manager that literally has zero answers for any questions.

Imo its fishy. Take a swing if you like anons but do it at your own risk.

>>3354043
Shift is a paying customer

https://www.coindesk.com/swift-completes-blockchain-smart-contracts-trial/

http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_report_2015.pdf#page=24

Enjoy missing out.

>>3354076

Forgot this

https://en.wikipedia.org/wiki/World_Economic_Forum

Yes please don't sign up. I need to buy as much as possible during the crowdsale.

>>3354076
Paying customer, okay? I run an ecommerce business and I've sold things to microsoft, Twitter and various universities. They were paying customers are they now also partners with me?

>>3354043

Yes yes anon that is correct! This hype should STOP because this ICO is MUCHO SCAM!!

Very BAD idea do NOT join!

>>3354043
Literally everything I'm reading so far reminds me exactly of the way people went crazy over the Bancor ICO.

Overhyped flop ICO, calling it now.

>>3354226
32M hard cap, compare it with bancor .gj

>>3354226

Good job anon! Very good work figuring out why ChainLink MUY bad idea!!

>>3354226
>overhyped
>under the radar with 1800 people in their slack and few articles

you want to talk overhyped? kyber

>>3355420
Whitelist + cap = cannot be overhyped, no whales play here in kyber

is the white paper out yet?

>>3354248
Bancor only has 40m tokens circulating supply...

it's really not that different you know

>>3355451
Yeah, they posted it this morning.
https://link.smartcontract.com/whitepaper

>>3355522
Marketcap, you stupid fuck.

>>3355522
You are so dumb. Srly stay poor. I wont even argue with that shit

>>3355550
??
That's precisely my point, he's obviously not talking about a 32mil marketcap you fucking moron.

>>3355574
>he's obviously not talking about a 32mil marketcap
He is, you idiot. Why would you even mention the token supply? It makes no sense. What matters is the amount of fiat (in ETH) that they're raising. So yes, any non-retard would assume that he meant a 32million marketcap. Stupid fuck.

>>3355608
What else should i mean? Is everyone retarded in /biz/?

>>3355608
>Why would i even mention the token supply?

Oh i don't know because ripple is a rank 3 coin with a $0.21 price tag, where as byteball is a rank 40 coin with a $350 price tag. All due to token supply.

It's a pretty fucking relevant statistic on the growth potential of a coin.
You guys are legitimately all moron's, all the new money that's flooded in here recently are dumb as fuck. You'll be the next bancor there's too much hype, screen cap this and I dare you to post it in 2 months time to look back at what a retarded newcoiner you were.

>>3354121
...That's why it's a scam and you shouldn't buy this. Can't you read? Forget this idiot, even Bitbeans is a better investment than this shit right now.

>>3355522
Good thing BNT priced their tokens @ $.80/each to stimulate organic market growth and pricing support instead of creating an artificial floor with Ether collected during the ICO. Downright visionary of them, really.

>>3355686
You are too dumb for this.

>>3355686

>Oh i don't know because ripple is a rank 3 coin with a $0.21 price tag, where as byteball is a rank 40 coin with a $350 price tag. All due to token supply.

The only dumb fuck here is you

>>3354029
>>3354136
>>3355019

>MUCHO SCAM
>MUY bad idea!!

Oh look everyone....looks like we got a Mexican FUD'r in our threads!

Away with you, taco hustler!

>>3355686
I hope you are trolling. When you are ready with this BS, tell me, i might explain you how the crypto valuation of a market cap works.

>>3355704
Started with a 4k initial investment in april and currently sitting at a 740k portfolio so I'd say I'm doing pretty well so far.
Feel free to tell me how you know better than me though with your 4 digit portfolio, just remember this next month and not to be so naive and greedy in the future when someone who actually has a clue tried to offer you advice

>>3355686
wow special people like you exist...

>>3355686
I’m actually amazed at the amount of people failing to understand your point, this board truly has gone to shit

>>3354029
Quality spic fud

>>3355781
his point is the coin will supposedly have a high marketcap making growth much smaller

meanwhile several people already told him there os a 32mio marketcap hardcap and he is spergin out like a retard because he is one of those scumbags who cant admit when they are wrong

so where do you fit in? you are the retarded motherfucker who only read one post and couldnt keep his retarded shit to himself

>>3355781
lmao no hes fuckin retarded. there is nothing comparable about bancor & chainlink ICOs. bancor was uncapped, chainlink is not. total supply is meaningless in this discussion

>>3355781
Do ppl dont understand what a hard cap in an ico is? jesus. normies 3.0 here

doesnt bancor needs a $150m marketcap to keep the price the same as ico?

>>3355736
>Don't believe you.

>>3355781
The point is: 32 million marketcap.
Token supply doesn't matter: the price will reflect the tiny marketcap, no matter how many tokens are issued. If X= amount of tokens, and Y=price per token, then 32mil=X*Y.

If Ripple had a 32 mil mc, then 1 coin=$0.000834. How is 0.0834 cents -> 21 cents not insane?

>>3355833
>>3355843
>>3355810

Okay did a bit of research into this shitcoin, since you guys were fucking useless and uneducated.

Total supply is 1,000,000,000 according to their website

ICO price is slightly varied in that first people will get slightly more LINK for their eth so I gave a generous estimate of 1500 link per eth and we will use a rough price of $300 per eth.

Therefore at ICO price we are already valuing this token at 0.20 cent.

Before any trading has even begun you are already jumping to 200m marketcap.. Straight to rank 38 just for it to keep its ICO value.

Do i really need to explain anymore, your growth potential is already stumped..

>>3355883
ripple began with like 40m marketcap and yet the supply of tokens didnt stop it from going to 4bil

>>3355961
If you're serious:
HAHAHAHAHAHAHAHAHAHAHA

AHAHAHAHAHAHAHAAH

My condolences to your parents.

AHAHAHAHAHAHAHHAHA

>>3355961
your research was horseshit. Circulating supply will be 350 million (thats what CMC uses for market cap calculations). The ICO is capped at 32 million so that will be the starting market cap. You are so dumb its not even funny

>>3355961
next retard here, the price of the ico will be 1eth per 2400-3500link, the circulating supply is 350m.

>>3355724
>only mexicans speak spanish

Nice deduction skills trumper

plan on contributing 9.5 eth

>>3355967
Yes. Are you arguing with me?

Are LINK bag holders this scared, they get defensive over a single FUD post? If it has a true purpose, you wouldn't need to defend this coin.

>>3356031
nope, im agreeing with you

>>3356031
im just showing tht retard tht supply doesnt matter for gains

>>3356033
this is obviously a hype post, not FUD moron

>>3356019
smart decission :)

>>3355992
>only mexicans speak spanish

Checks post...

Nope, didn't say that. Nice try though.

I guess he could be a Gungan...

>>3355961
Nice and now you have to do all your calculations again, because circ tokens are relevant and not all excisting ones for the market cap. But close, WE are getting there soon :)

>>3355980

>>3355981

>Do any of you guys even research into what you invest in?

Regardless if we were to argue it was 2000 per eth it still makes very little difference, even getting a 2x return would push the marketcap rank sky high.

>>3355961
>He thinks the market cap will be $200mm

>>3356118
it is 2000 eth on the first day. once again, horseshit research. total circulating supply is 350 million, figure it out buddy

>>3356118
doesn't coinmarketcap.com only count coins that are in circulation. That would be 350million

>>3356118
2x would mean the market cap is only $64 million you fucking retard

>>3355961
Except price is based on CIRCULATING supply you dimwit.

>>3356167
>>3356155
>>3356149
>>3356140
>>3356137
Guys chill. His next post will be right, enough hints for now.

>>3356140
Not sure if you're actually just trying to troll me now or if you're really this retarded/in denial over this

>>3356149
You're correct, don't listen to that retarded faggot

>>3356118
>even getting a 2x return would push the marketcap rank sky high.

Market cap = $32 000 000
2x return = 2 x Marketcap = $64 000 000

As of right now, that would rank it the 70th largest market cap. That's not "sky high".

>>3356201
https://smartcontract.com/link
it literally says. I fucking hate you. First 24 Hours 1 ETH = 2000 LINK

>>3356201
cognitive dissonance is kicking in right now

>>3356235
That is ICO sale marketcap.
Only 35% of the tokens will be sold to presale investors.

One 35% is held by dev team most likely to use for bounties, promotion work and continued development and 35% To node operators

Did you even look at the website or image i posted? These are not coins out of circulation they will enter the market through other means, if this token sale sells out you are literally creating a 200mil marketcap out of nowhere.
The only way this would be a successful investment would if there wasn't as much hype surrounding it and there was no risk of it selling out.

I feel like i'm fucking educating a kindergarten class here

>he didn't already buy from the presale
holy shit watching you cucks beg for the sloppy seconds is hilarious

>>3356286
35+35+35 is 105% anon

>>3356303
I got in the presale. Feeling pretty comfy over here

>>3356286
IN TOTAL only 35% in circulation

30% of devs are locked and wont count to circ tokens

and 35% of nods are neither counting

You are even desciribing 105% in your post, chill a bit bud.

>>3356286
>Only 35% of the tokens will be sold to presale investors.
>One 35% is held by dev team most likely to use for bounties, promotion work and continued development and 35% To node operators
35%+35%+35%=105%
>I feel like i'm fucking educating a kindergarten class here

>>3356321
yeah sorry obvious typo it's literally on the image i posted earlier, really going to just avoid my entire point and focus on a typo?

>>3356118
The are collecting $32mm for 350 million tokens. Those 350 million tokens are going to be the circulating supply. coinmarketcap.com would give it a $32mm marketcap. 350 million tokens will be gradually rewarded to Node Operators, like pow or pos. The rest is locked up, similar to ripple.

That being said, I lied: the total supply is not 1 billion. The price of ETH during crowdfunding is going to determine the 35% in your pic. Source is their slack. What matters though is: that they'll be raising $32mm for 35% of the total supply -- which turns out to be the circulating supply, giving it a mc of $32mm.

>>3356331
Are u insane? I de-argumented your whole post? Or do need a reason why locked tokens don't count to the circ tokens? HELP

>Started with a 4k initial investment in april and currently sitting at a 740k portfolio

>>3356286
you sir are the biggest retard I have seen in my life. Hope you are proud of how you display your stupidity in a public forum for everyone to laugh on you

>>3356331
65% of the tokens will not be in circulation immediately. The market cap will be calculated based on the price of the token X 350,000,000. >>3356338
Mostly correct. The price of ETH will determine how many are sold at 2000/ETH in the crowdsale. The leftover tokens from the 350mm will be proportionally distributed to all presale and crowdsale contributors.

>>3356345
I guess we will get nowhere then, you guys try to undermine my whole argument from 1 typo like wtf, I'm wasting my time. Screencapped some of these posts for next month when it's added to coinmarketcap so you can actually see what a coins marketcap consists of, what a dev teams token supply is used for, and what the tokens distributed to node operators will be used for and how these contribute to an overall marketcap (none of which are confirmed locked till X dates like ripple for example)

I really don't know why i still come to this board.

>>3356404
XRP circulating supply = 38,343,841,883
XRP total supply = 99,994,523,265
XRP current price = $0.211686
XRP market cap = $8,116,854,513

38,343,841,883 (circulating supply) X $0.211686 (current price) = $8,116,854,513 (market cap)

If they calculated it based on total supply, XRP's market cap would be listed as $21,167,440,651, but it's not, so you're wrong.

>>3356404
>I really don't know why i still come to this board.
Addicted to shitposting?

>>3356404
Ah, yes. So Bitcoin has a mc of 90 billion, because another 4.5 million coins are going to be mined in the future. And ripple's marketcap is 21 billion.
This must be bait. Good job.

>>3356448
I think he stopped posting after this

>>3354029
No one sign up it's a shitcoin I bought 100k in the presale and regret it please don't set up bots and don't buy because it is a bad coin and not because Im scared I won't be able to buy any in the presale

>>3356590
Nice, will buy 100k

>>3356404
>>3356580
So he is done?

>>3356806
Probably sticking a sharpie in his ass.