In my interaction with a friend kints earlier today (22/5/2016) about crypto currencies particularly WMCOIN, I was put to a task of explaining out WMCOIN self-sustainability and survivability, I will leave out the other topics and concentrate on one which took us over an hour of argument, just to find out weather WMCOIN has the SELF-SUSTAINABILITY AND SURVIVABILITY, it was so interesting and I have decided to share it with the community and put it into an interview style., this is how it happened.
Kints: we have talked a lot about crypto coins, so if I wanted to invest in an alticoin, what do you think would be the best alticoin for me, I mean profitable enough.
Me: I just recently found a coin which I think is already good, its WMCOIN, you can buy from an exchange like yobit.net and wanbi.com, the price is quite low, and with the environment around the coin, I think it would work for you,
Kints: So what’s WMCOIN, and how different is it from others coz isiah, I don’t want to invest in loose ends,
Me: it’s the next crypto generation coin, started in February 2016 by bitcoin and altcoin lovers in china, it has a total of 1billion coins of which 50 millions were sold for 200 BTC in its start up stages, and its different from the bitcoin you know kints but its pretty cool coz its proof of stake no need to buy a miner and it has a self sustaining system rarely seen in the crypto world. (This is where the discussion actually started)
Kints: Aha!! I don’t seem to understand self sustainability in the crypto world, because all coins depend on their communities, maybe for survivability because it’s the aim of all coins, but how is WMCOIN self sustainable!!? You tell me!!
Me: Well, as far as I know, a system is self-sustaining if it can maintain itself by independent effort in relation to the fraction of time in which the system is self-sustaining and survivability applies to the future maintainability of the system’s self-sustainability and indeed the system’s existence and I think WMCOIN has these features in its road map, it has quite a good number of projects which makes it stand out, it has 100% stake in BTCSIDE, this will smoothen communication and promotion of the coin, it has a huge number of games from BBIN all which make it self sustaining and ensuring survivability.
Kints: that’s quite convincing but not am not contented, what about finance, how practical is this self sustainable mechanism, because you said 50 million coins were sold for 200 BTC if I can recall, isiah.
Me: Financial Self-Sustainability is a particularly difficult aspect for a new crypto coin to achieve because most coins rely on outside financing in order to grow like ICOs BUT THE QUESTION IS WHAT ABOUT AFTER A CROWDFUNDING PERIOD?, what happens with the funds raised, proper planning for the funds can make the coin financially self-sustainable, WMCOIN did it right, it acquired 100% stock in BTCSIDE chines leading btc news and patterned with BBIN for a variety of games including sports, and this clearly shows a future financial self-sustainable WMCOIN
When we think of a self-sustainable coin, we most often envision one that does not need outside capital to operate. A financially self-sustainable project like a crypto coin must generate enough revenue in exchange for its products and services to cover all of its expenses, which services I have told you kints, and WMCOIN is practically self-sustainable has it has the resources to virtually perform in the crypto world.
Kints: when, isiah you say like that you give me the enthusiasm for this this coin, and I think it has gone through some stages in this short time, don’t you think.
Me: yes I think it has got through three stages to reach this sustainability, which according to me started with the founding stage, just like other coins start up, WMCOIN according to the interview by BTCSIDE and Dai the CEO of the coin, it has led to a consistent break-even has it started with creativity and innovation, then it went through the survival stage, selling 50 million for 200 BTC to me means survival kints, even when it still needs to continue surviving, and finally the self-sustainability stage, where the coin stands now with such great hope, optimism and great featured services like the WMCOIN mall, where you can buy anything with WMCOIN, where revenue is collected, you know the economics kints.
Kints: so I should head to yobit and buy some, because according to the way you talking about the coin, am moved, and how much is the value against BTC
Me: it round 300 satoshi, but some people have raised concerns about yobit, but you can follow the bitcointalk thread, for some giveaway announcement, and you can buy from wanbi.com
Ende
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