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re: GME (Gamecoin)

Posted on 9/28/21 at 6:45 pm to
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 9/28/21 at 6:45 pm to
quote:

Knocked $20M MC off of it


Ouch.

It will happen on this one too. There are a lot of new people investing, and one of them will dump hard.
Posted by Rize
Spring Texas
Member since Sep 2011
18730 posts
Posted on 9/28/21 at 7:40 pm to
quote:

Ouch. It will happen on this one too. There are a lot of new people investing, and one of them will dump hard.


How do you know so much about this coin?
Posted by lsufisherman
Baton Rouge
Member since Oct 2006
248 posts
Posted on 9/28/21 at 9:16 pm to
Just FYI they just released a statement on how the project will be moving forward. Seems like beneficial improvements starting with eliminating the big reflections

quote:

We appreciate everyone’s patience and want to provide an update to you, the Game Coin community, and share some exciting things on the horizon. At the conclusion of the Certik audit, it is recommended that some of our code be changed to complete the audit and BitMart listing. We’re using this time to not only update the recommended items but to also voluntarily improve the code and improve the features to further stabilize the coin to ensure future success. We’ve retained Sara Technologies, a recognized leader in the crypto space, to work hand in hand with Certik to make these improvements and more announcements will be issued in early Q4.  Some things to look forward to at the completion of this phase include • Being Listed on BitMart • We are blacklisting the top wallets as part of an agreed upon vesting contract for team members and early investors. This also includes lockups at a higher percent and an increased amount of time than they are currently locked up. Users will be able to see the black list status and time period of that wallet.  • Officially changing the ticker to GMCN • Reflections will be done instantly with every transaction.   • Revised Tokenomics - Transaction fees will be reduced to 7%. The fee breaks down as follows: 5% charity and 2% return to token holders. ? Transaction fees only apply to buys and sells NOT on transfers. Transfers will not have transaction fees.  Lastly, our new website is still on track and WILL be launched October 1.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 9/29/21 at 8:47 am to
quote:

How do you know so much about this coin?


I'm speculating based on what I've seen 100's of times.

The project won't be able to maintain enough buying pressure to maintain the market cap, without significant development in the project, which will take a long time and be very expensive.

Unfortunately, as far as longterm goes, I think Howey will laugh at the utility of the token too. We will see what the sec thinks about some of these projects over the next few years.

I could be wrong too though. I've been surprised before. These folks could use the college athletes to push the shite out of it within the college age crowd, and it could go viral, which could bring in enough volume to keep her pumping.

Personally, and unfortunately, I've missed this boat, but I'll be a buyer at about 5% of this price. price. Id roll the dice at a 15m mc.
Posted by Rize
Spring Texas
Member since Sep 2011
18730 posts
Posted on 9/29/21 at 8:55 am to
quote:

I'm speculating based on what I've seen 100's of times. The project won't be able to maintain enough buying pressure to maintain the market cap, without significant development in the project, which will take a long time and be very expensive. Unfortunately, as far as longterm goes, I think Howey will laugh at the utility of the token too. We will see what the sec thinks about some of these projects over the next few years. I could be wrong too though. I've been surprised before. These folks could use the college athletes to push the shite out of it within the college age crowd, and it could go viral, which could bring in enough volume to keep her pumping. Personally, and unfortunately, I've missed this boat, but I'll be a buyer at about 5% of this price. price. Id roll the dice at a 15m mc.



They released some pretty good info yesterday about what’s going on moving forward.

They added more wallets that will be locked and changed the reflection from 20% to 7% and the time locked. 5% to charity and 2% back to wallet holders.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 9/29/21 at 9:45 am to
quote:

They released some pretty good info yesterday about what’s going on moving forward.


Not really. They just started cleaning up the erc20 token to get it ready for an exchange.

The token has nothing to do with the real project, which I've seen nothing about past the idea stage.

At this point, you're just betting on their competence. Can this group of people build a project after having 100's of thousands thrown at them?

300m market cap BTW. Don't gloss over that VERY important point.
This post was edited on 9/29/21 at 2:14 pm
Posted by Odinson
Asgard
Member since Apr 2014
2861 posts
Posted on 9/29/21 at 10:01 am to
quote:

300m market cap


Puts it in the top 250 coins already lol.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 9/29/21 at 10:14 am to
quote:

Puts it in the top 250 coins already lol


Friends, family, and associates must see a lot of promise from the team.

Without knowing the team, I just see a generic website, a generic erc20 token, a decent idea, and a bunch of future questions about the s word.
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 9/29/21 at 10:22 am to
Just take profits along the way. Those that saw this thread on August can make nice profits and still freeroll a nice bag.

The game is to keep the hype going enough to have enough money coming in for the early people to be able to slowly cash out, without tanking the price. You all can help with this too by shilling tf out of the project.

Right now, yall aren't getting dumped on too hard. You've got a lot of hodlers, which is great. However, the hodlers will get impatient, and there are only so many friends, families, and associates willing to throw a few grand at their buddies new project.
Posted by Odinson
Asgard
Member since Apr 2014
2861 posts
Posted on 9/29/21 at 10:47 am to
quote:


Friends, family, and associates must see a lot of promise from the team.


I believe they mean well but just don’t know the details. There’s money to be made with luck and timing but many have hope and dreams of going 25x and lambos. The project is just too premature for its current premium market cap ……but who knows with crypto lol.
This post was edited on 9/29/21 at 10:52 am
Posted by Alika_kahuna
Member since May 2021
249 posts
Posted on 10/1/21 at 9:47 am to
Got in a few weeks ago. I believe in the people behind it and I've heard some exciting things coming down the road.
Posted by Rize
Spring Texas
Member since Sep 2011
18730 posts
Posted on 10/1/21 at 9:49 am to
She’s on a run this am
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 10/1/21 at 10:16 am to
quote:

She’s on a run this am


Take you some more profits. Lol
Posted by BoxComboNoSlawXToast
Louisiana
Member since Feb 2018
363 posts
Posted on 10/1/21 at 11:38 am to
Do I just have to send back the gme to pancake swap and basically do the reversal of what I did in order to sell ?
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 10/1/21 at 11:43 am to
You'll have to approve it first, but yes. Just put gme on the top, and you can swap it for another token.

I wouldn't dump huge amounts at once though. Watch your price impact.
Posted by BoxComboNoSlawXToast
Louisiana
Member since Feb 2018
363 posts
Posted on 10/1/21 at 11:57 am to
Thanks !!
Posted by Alika_kahuna
Member since May 2021
249 posts
Posted on 10/1/21 at 12:25 pm to
If you're on Android app click DApps and scroll down to find pancakeswap icon instead of searching.
This post was edited on 10/1/21 at 12:27 pm
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 10/1/21 at 1:22 pm to
Np.

Remember, you can sell into other tokens or a token tethered to the usd.

I've always used kucoin to get back to coinbase, but there may be an easier way. I'm a creature of habit though.
Posted by BoxComboNoSlawXToast
Louisiana
Member since Feb 2018
363 posts
Posted on 10/1/21 at 8:55 pm to
Yeah I use KuCoin and Coinbase pretty frequently as well, I’ve heard about pancake swap quite a bit just never dabbled in it so first time thanks
Posted by TSLG
Member since Mar 2014
6724 posts
Posted on 10/5/21 at 4:13 pm to
I hope you guys are taking profits regularly. It's gonna get bad fast when the selling starts.

The project has a market cap of $450m, with an idea and a basic website, and BR folks cannot get enough volume to come close to supporting it.

Also, do not let them talk you into adding liquidity to the pool. It has less than 1% liquidity, and you do not want your bnb in the pool at this point.
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