Build-a-Coin Cryptocurrency Creator
build-a-co.in
build-a-co.in
That is, in fact, where I got the link from. Good find.
Why not head over to 4chan's biz subboard to really get into this topic? The day trading, drop shipping and get rich quick schemes of yesteryear have made way for almost all threads being get rich quick on cryptocoin.
Kids, if you want to understand the 1999 dot com bubble in a modern context, read all the VC blog posts, quotes from interviews etc. about cryptocoins. Then realize they will all be worthless as 1999 e-currencies like Flooz and Beenz are now. VC's puffing up unicorns a little is one thing, this is a pure unbridled scam.
And you're missing the boat because it only goes up up up, right?
Apparently, they promise to build part of your ICO for you in exchange for a 50BTC upfront fee (link at top right - 'Apply for FREE ICO').
Alternatively you can get their service without an upfront payment (hence 'FREE ICO'), by instead reserving 250 BTC worth of your ICO's tokens for holders of ICOS tokens. The latter can burn each ICOS token for 0.04 BTC worth of your token, which works out to a 75% discount on your presale price assuming that the ICOS tokens were bought during the ICOS ICO (for 0.01 BTC each).
The catch is, that since there's only 250 BTC reserved of each token, while there are, at least initially
4 * BTC_raised_in_ICOS_ICO
in outstanding rights to discounted tokens, buyers will only ever get a tiny discounted allocation.
You're currently looking at needing to participate in 100 ICOs until you've converted all your ICOS tokens. As there is no cap how much ICOS can raise, so this could get much higher.
Also, when the 250 BTC are oversubscribed, allocation is pro rata, based on how much ICOS you would be willing to convert. So lets say you've done due diligence and determined something will go up, now you're locking up your funds in ICOS and only a tiny fraction will buy the thing you want. It might make more sense to just sell your ICOS on an exchange and use the proceeds to buy the ICO normally.
The other catch is that the SEC might ban all this business before you find 100 ICOS-incubated ICOs to invest in. Nevermind that i haven't seen a reason why ICOS itself would ever acquire any clients. But they do have 10M$ in cash now.
Also just noticed http://lav.io/2014/05/lazycoin-officially-patented/
"I invested 50k can someone pls explain how this works?"
It's a pretty solid investment, who's in?
I say this as an experienced programmer who has been learning this technology for a few months, and still don't fully understand the depth and the implications of the technology yet. This thing is really deep, trying to inform the general public how this thing works is as difficult as trying to teach the general public what they teach in medical school hoping they will be able to heal themselves when they're hurt.
The one valuable thing I've learned so far is that it's dangerous thinking that you understand how the entire ecosystem works just because you understand how each block in a blockchain is verified.
> if you are smart* you will get it. > *not everyone is smart
You've just insulted the intelligence of anyone who doesn't manage to understand your explanation. I don't think it's fair to assume a lack of understanding will always be because of a lack of intelligence.
https://tokenfactory.surge.sh/#/factory
Note: it needs the MetaMask extension.