>Lisk with steroids with a huge chinase fanbase, with built DApps on its platform
Next walton before your eyes. Now that walton and etp chinese fever stopped, this will be the next big thing.
>Good points:
- Open source - Decentralized - Low marketcap (nice entry point) - Low price (currently sits at $0.55. Lisk is $4.46. There is room for serious growth here) - Value comes from community - Practically unknown in the west (most of the information I manage is from obscure QQ groups, aka chinese whatsapp). - About to release an AMA in english. - Basically Javascript ETH. - See pic related.
is it still only on chink exchanges that don't let you withdraw?
Daniel Cox
Not anymore. It's available on kucoin and bit-z.
Alexander Russell
how are coins created? 1/5th circulating to total marketcap is worrisome
Joshua Diaz
anyone if you can explain to me how new coins are minted from total supply to circulating I will dump 10k into this tonight
Carson King
Great coin, barely anyone knows about it lol. They are in talks with big western exchanges so keep your eyes open guys! This is like another ETP/WTC run in the coming week. Alot of people on the sideline waiting for the ama. Big Chinese community behind it, check out their forum only chinese people talking in it... this had the volume of neo and wtc combined back before the china fud. Now that China can buy btc with otc and p2p they will soon be able to buy alts... this is another chance for the people that missed the etp, wtc, link trains and bought at the top. Make up your losses and buy some xas cause this is the bottom and whales putting up fake walls and accumulating on kucoin. You can buy on Kucoin or Bit-Z!
Dominic Edwards
HOW THE FUCK ARE COINS CREATED!!!! 20 MIL CIRCULATING TO 100 MIL TOTAL WTFFF!!!
I NEED ANSWERS!!!
Nathan Torres
:^)
Nolan Johnson
>that don't let you withdraw ? What's the point of an exchange if you can't withdraw?
Christopher Fisher
Some exchanges don't let you withdraw XAS but they let you withdraw BTC.
Easton Thomas
There is a problem with the circulating supply shown by CMC. The coins are created by a process called forging, and there are 101 delegates who can do that. In order to be a delegate, you need around 25k asch (I'm not sure) and other people need to vote for you.
>From the website
Delegate management Each account with tokens on the Asch main-chain can be registered as a delegate, i.e. a "witness". The top 101 delegates have the opportunities to be the system's account owners who have the right of forging (mining). The account owners can push up their rankings by the token holders' vote.
>The founder wrote this I don’t know why coinmarket statistics suggests the amount of Asch is 20330601. We have contacted their customer services for many times, but they gave us a reply to read FAQ documents. The documents goes “Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public's hands.” I certainly think this document doesn't offer an answer for me. What is the “circulating in the market”? What does “in the general public's hands” mean? How does coinmarket calculate these statistic data of Asch? If can’t reply these three questions, I think all data supplied by coinmarket wrong. We will let other cryptocurrency fans know. By Qingfeng Shan.
Owen Stewart
after some research it turns out that the marketcap posted on coinmarketcap is not correct.
it looks like the true marketcap is around 55 million... much higher than 11 million. This is because the true circulating supply and the total supply are actually both 110,000,000.
>The rumor that Asch has 7 developers is not true, only (forgot his name something llike qinleng fao or something) is the ONLY developer (besides from a guy that is very mediocre).
Check this post, is from the official forums. Some user posted his concerns at they answered some questions. For example, in that post there is proof about the developers.
Chase Bennett
20 mins of digging will show you this is a fucking scam.
Literally new coins are created and given straight to whales, nobody else gets them. The top 101 whales to be exact.
>inaccurate representation of marketcap (its 55 not 11 mil) >no max coin supply >coins can only be mined by top 101 bagholding whales who get a shitload everyday
Also check this. They refer to that user I'm telling about and explain more about how the coins are generated.
Henry Nelson
check Also, you know Lisk uses the same delegate system?
Brandon Carter
okay after reading the link you posted i have a better understanding of how coin creation works.
terrible communication by the team, nowhere in the whitepaper or website does it explain coin creation so i am sure i am not the first person to be put off by this.
going to throw in a little cash incase they ever get their shit together.
Chase Stewart
It's fucking terrible communication, I agree. But I'll give them some time, they only started trying to reach the west for a couple of weeks.
Tyler Martin
on second thought, 61 million dollar marketcap makes it a bit risky for now, will buy if marketcap goes below 45 mil
The Chinese loved this coin more than Neo before the FUD. Volume was more than Neo and Qtum combined. To be honest the only reason Neo rose to $60 was because of Westerners! This is the true coin of China! The forum is active with the Chinese community come have a look:
