Why I bought some Future24Coins yesterday! (+Giveaway)steemCreated with Sketch.

in cryptocurrency •  10 days ago

Before you continue reading I want you to know, that this is not about some serious ICO with a great market idea or something like that. It is rather about a project from a fellow steemian - @future24. I don't want you guys to see this as any investment advice at all.


Today I want to share my story about picking up some "Future24Coins" which were created by @future24, a well known member of steemit.com.

I remember when I read about this project a few months ago and was close to take part in the bounty giveaway - Looking back it was unfortunate I didn't participate.


What is this coin about?

Well, it is a coin created on the WAVES blockchain.

As mentioned above, this not a Coin which is connected to a certain product (like for example the PAY-token is for TENX). It's just a coin.

Here are some details about Future24Coin:
Token ID: 8pPQp8B67QpvhR7vLa4eePXVVVQoED6ihXm9tC9ecukh

Technology: Waves Blockchain (Info about Waves at: wavesplatform.com)

POW/POS: Asset, Not mineable, Proof of Stake

Total Tokens: 21.000.000 Future24Coin (21 Million)

More details can be found on the original introduction post here: 💹 Cryptocurrency News: "Future24Coin" Pre-Token-Sale starts now + Steemit Giveaway & Bounty-Program ideas!💱


But what is the specific use of this token?

Like I said, there is not THE use like there is for PAY f.e.!


Why the hell did you buy this?

There are two main reasons why I invested around 50$ in this coin:

  1. I like @future24's idea of launching a own coin and I am curious to see the future way of the coin. @future24 is reporting important steps on his channel and many other steemians are helping with design, tutorials, etc.
    But I also think it is quite interesting to see how @future24 will be able to do with this project. And from what I have heard of, there might be great news incoming :)

  2. One coin was already worth around 3 cent. Right now it is under 1 cent per coin. So it even seems possible to make a nice profit when holding the coin. I would be lying if I said this didn't spark my attention and interest.


How did you buy it?

There is a great tutorial made by @jedigeiss, so I am just directing you there: HOWTO Buy Future24Coin -- Step by Step

A small tip at this point: The price may very depending if you want to buy in BTC, ETH or WAVES. Be sure to check out before buying ;)


Further thoughts

I think it is just interesting to see how this coin is developing (from 0 to +100000% and back down a lot). Since @future24 is posting detailed information on this from time to time (f.e.: ❗ Info to all Future24Coin Sellers: Cancel your Sell-Orders & Sell directly to the Buy Walls! If... 💡) you can see through the process. His updates are quite interesting: 💡 Future24Coin Status Report 04.10.2017: What already happened after 14 days? (English Translation)

The coin is so small at the moment, you might even be able to influence the price for yourself. Some people actually did that in the past and made great profit. Just found this example, it is in german however: Wie du in weniger als einer Woche aus 350€, 1850€ machst!.

Of course you could say that this guy was just abusing the market and arbitrage options. But so what? The same thing is happening with the really big coins and the big players as well. So its funny to try this on a much smaller scale.

But of course this is not why @future24 created the coin for.

I am just curious on what he will bring up in the coming weeks and I am glad that I had the chance to get in way cheaper than the Alltime-High.

Maybe I will loose 50$ but have helped a fellow steemian and his project - not too bad. But maybe this will even throw of some money - even better :)

I am just looking forward to the further journey - there are already over 1100 wallets with this coin!


Ok, thx for the info, where is the giveaway.

I promised you a giveaway - and here it is.

Post your thoughts about this project - this can be anything ranguing from "This is trash because..." to " Nice. Maybe you he could add value by ...".

I will reward every non-spam comment with 24 Future24Coins.
Three great comments will even receive 240 Future24Coins.
And the one comment I like the most will receive a stunning 2424 Future24Coins.

In order to receive the coins you just have to post your public WAVES address as well!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
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That coin, as it has - almost on purpose - no obvious purpose or hidden agenda (except to gain some profit, but hey - this is typical human bahavior, isn´t it), could well serve as a role model of how exchanges work in narrow, almost illiqid markets, how people are interacting (and maybe should not be interacting with), and generally how an ICO (or in future SMT) can develop. So it is a great playground, where you can learn a lot. The coins are so cheap at the moment, that the downward risk is quite limited (if you don´t invest too much :) ), but the upside potential is considerable if word about it (lots of posts using the #future24coin tag) spreads around. What else could you expect more from what has started as a fun project?
wavewallet 3PKMkAJRJ5F3CWMyxCTUbrte9wuCA5Hstwh

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So it is a great playground, where you can learn a lot.

This is a great point - Investing in your education and knowledge is probably the best investment you can make.

But of course, the following quote from you is right as well:

The coins are so cheap at the moment, that the downward risk is quite limited , but the upside potential is considerable if word about it spreads around.

And there sure are some coins which started as a fun project and are now worth way more than the future24coin ever was.

And its still a project where you probably can do a lot with your own input and small investments. That makes it fun. Of course it will never be as popular as many other coins. But it still feels like belonging to a project from the beginning and learning while it grows.

Great post, thx for it!

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Just saw the address now - Coins sent ;)

Thank you for your opinion and this useful article @theaustrianguy!

PS: The maximum Token amount was raised one time to 21 Million, after I made a survey about it. Now it can´t be changed again and the maximum Token amount is 21 million forever.

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Oh, didn't catch that. I have seen that there was a survey, but didn't catch the change. I will of course correct it. But I really like the fact that you let the users decide - thats just another +!

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No problem bro and thanks again for your support!

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The total supply says 21.000777 million, so I guess the 21 mio were added on top of the 777 ?

  • currently there are 11.763167 million Future24Coins circulating
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Yes, that´s right with the 21.000777 @thefuturenow. 11.7 million circulating is not right, because I only have sent some coins to extra wallets, so that I have a better overview.

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Thx for clarification

  • I got both numbers from here
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Thank you too @thefuturenow. Yes it´s right, only that some of the circulating coins are still owned by me, on extra accounts, so that I can manage it easier.

Well, why not? If it helps a buddy and you can have fun in the process then go for it.
A coin only has value if a group of people come together and say that it has.
Same as if we decided that mangoes were currency. Albeit with a rather short shelf-life... hmm... but then you could make the comment that 'Money DOES grow on trees' :)
Enjoy your coins!

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True words, thank you :)
Mangoes are way to good to be stored as value :P

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And they're just not the same dried...
So would the fresh or the dried mangoes be worth more I wonder ?.... And what about juice?
So many questions....
:)

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Questions which are almost impossible to find a correct answer for ;)

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Hi, congratulations on your winning picture of my 7 World's Continents Photo Challenge. What an amazing image! Kindly see if you can answer some congratulation comments once they start pouring in. Thank you. Tomas

7 World’s Continents Photo Challenge – Tuesday of Antarctica and the world’s oceans week #8 – winner announcement!

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Thank you my friend :) Of course I will do so!

I've come across an article about Future24Coins, where some of them sold their Future24Coins shortly after launch, even though they got them as a giveaway, actually legitimate, but it's not better to hold the coins, apparently Greed triumphs, I get annoyed about it each time, instead of actually helping with the price rises, is always sold the same. Just hope that those will be annoyed, as at the time when bitcoin, but the course might even be similar high

Ich bin schon mal über einen Artikel über Future24Coins gestolpert, wo einige bereits kurz nach dem Start ihre Future24Coins gleich verkauften, obwohl sie sie ja als give away erhalten haben, eigentlich ja legitim, aber ist es nicht besser die coins zu halten, scheinbar hat die Gier gesiegt, ich ärgere mich jedes mal darüber, anstatt eigentlich mit zu helfen das der Kurs steigt, wird immer gleich verkauft. Hoffe nur das sich diejenigen auch ärgern werden, wie damals beim bitcoin, sollte doch der Kurs vielleicht mal ähnlich hoch werden
Mein Wave:
3PAnXyvjc88nvuNCm2wjirES9aUdRLZJKbH

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Well, I can not blame some people for selling their coins they got from bounties. They did something for them and wanted to cash them out - that's their right.

But I guess it is good for all the others if those people who dont want to help grow the project sell right away. Better than having a crash later on ;)

24 Coins have been sent - If you will earn more they will follow of course!

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And here you can earn even more every day, just by clicking :-) https://wavesdrop.com/?asset=8pPQp8B67QpvhR7vLa4eePXVVVQoED6ihXm9tC9ecukh

Yes, Im supporting this project too, even if it was just started as a fun project, but there are already so many people who are supporting it!

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Great :) Since when are you onboard?

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Ich antworte mal für Alex, denn der ist immer sehr busy und hat deine Antwort bestimmt noch nicht gesehen, oder übersehen. xD Das ist ein guter Freund von mir hier aus Berlin, den ich schon vor Steemit kannte und er war quasi bei der Gründung vom Future24Coin Projekt live dabei, also von Tag 1 an onboard. 👍

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Danke für die Antwort ;)

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Klar gerne doch und er scheint ja deine Frage auch immer noch nicht gesehen zu haben der dauer-beschäftige Alex. xD

great,pls i am a youtuber and i will gladly welcome any suggestion to review any ico and any other coins including this one
and feel free to paste the youtube link on your steem ,facebook ,telegram post

Hello!
I am HODLing some Future24 coins, and am quite interested in this project for similar reasons, but mostly to support an enterprising fellow steemian (and diving enthusiast!). Is there a good place to monitor it's value? At times when I try to observe in the Waves Exchange, it cannot find the Future24 asset.
Looking forward to this journey with you all,
Regards
Jeff (@djlongw01)
Waves wallet: 3PHmktNDYnHKXytFmAreViRM1eFJfSSsueb
P.S. I upvoted and Resteemed :-)

Calling @originalworks :)
img credz: pixabay.com
Nice, you got a 96.0% @minnowbooster upgoat, thanks to @theaustrianguy
It consists of $19.88 vote and $6.63 curation
Want a boost? Minnowbooster's got your back!

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The @OriginalWorks bot has determined this post by @theaustrianguy to be original material and upvoted(1.5%) it!

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To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

I like your information.Thank you so much.

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Great - What have you taken out of the post? ;)

This is interesting at the very least, and it draws attention to the Waves platform (I was only vaguely aware of it before this at least). Thanks much for sharing!

Waves Wallet: 3PDY7A4TF49JfNQyMXtzaqsXaWDzsoz687m

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Why do I have the feeling that you didn't read the article ;)?

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Because your feelings aren't very reliable, apparently. ;)

I did read the article, as well as the several linked (and I admit, I got lost linksurfing from there), and I think it's an interesting idea. I don't know if it will come to anything at all, and I found it even more interesting browsing the waves wallet site, and exploring what's going on there, but since I haven't really formatted all my thoughts though. so I can't decide if it will end up something I watch closely or just tuck away in a corner of my mind. I'm still more or less at a loss as to the point of making a currency on the waves blockchain, but I'm intrigued and I want to see where it goes. Also, watching the future24coin coins a s a kind of microcosm of larger crypto is fascinating, so I ended up following Future 24 (and you today, since you seem to find interesting things to see).

Still- I'm not sure what to make of it altogether just yet, so I didn't have a whole lot of substance to contribute unfortunately.

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Sorry, seemed like you just were hunting the bounty since you didn't mention the main topic at all ;) Coins are on their way!

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Nah, I just didn't have much of substance to say- I'm deep down a rabbit hole reading about the waves platform now, though, thanks to seeing this. It's a lot of reading, but pretty rewarding so far- and I've barely even begun to catch up on Future24's stuff!

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Got you :)
You really should read through the posts and the look at the Future24Coin market at Waves!
Greets

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That's what I'm doing right now, actually- it's fascinating stuff. Thanks for the coins, and the info! This is really a neat project from what I'm seeing so far.

I am currently holding 52 Future24Coins and the reason is:

  • because I saw that the token creator was active here on steemit (and posted a few times about the token).

There are currently 6509 tokens available on the WAVES platform

  • and most of them are just tests, name-reserving, ...

so I assumed this token might have some potential in the future... depends of course on next steps.

waves addr: 3PNtXUTqPHBXENxEhB7hVvq3NFU1Hno6MWx

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Were the coins paid out by now? I didn't receive...

I will reward every non-spam comment with 24 Future24Coins.
Three great comments will even receive 240 Future24Coins.
And the one comment I like the most will receive a stunning 2424 Future24Coins.

@theaustrianguy