Bitcoin Forum

Here is the key information about the NeuCoin presale which will start on April 28:

• 100 million NEU to be offered in exchange for BTC
• Price starts at $0.01 per NEU and increases by 1% per day
• Presale ends after 60 days or when the 100 million tokens have been sold

All proceeds from the presale will be held in escrow until the NeuCoin cryptocurrency is launched, expected to happen in July. (If the launch does not occur by September 30, all presale purchases will be refunded). Following launch, all proceeds will be distributed among NeuCoin's three Isle of Man-based, non-profit foundations - the Code, Growth and Utility Foundations - and will be used, along with cash remaining from NeuCoin's strategic angel round, to fund core development, consumer marketing and projects that increase the utility of the cryptocurrency.

The initial price of $.01 per NeuCoin is two times the price paid over the past year by NeuCoin's strategic angel investors (in cash) and NeuCoin's founding team. However, all the NeuCoin sold to angels and retained by the founding team can only be sold or used at the rate of 2%/month during the year after launch, 3%/month during year two, 4%/month during year three, 5%/month during year four, and 6%/month during year five. These re-sale restrictions were put in place to ensure that the founding team and strategic angels are committed to the successful development of NeuCoin over the long term.

The main purpose of the presale is to enable the broader crypto community to join NeuCoin's own community:

• A founding team who have launched several consumer-facing internet companies that have reached tens of millions of users in the music, gaming and shopping spaces. See bios here: http://www.neucoin.org/en/wiki/#team (http://www.neucoin.org/en/wiki/#team)
• Strategic advisors that include Patricke Stymne, co-founder and Chief Architect of King (Candy Crush Saga), Alex Norstrom, Head of Growth of Spotify, Jackson Palmer, creator of Dogecoin, Michael Witrant, core developer of Peercoin, and Brock Pierce, crypto financier and member of the Bitcoin Foundation
• NeuCoin's strategic angels, invited to invest based on their ability to forge partnerships and help drive consumer adoption, include the SVP of Business at Uber, the President of Hotwire, the Head of Growth at Facebook, Producers of television shows American Idol and X-factor, and dozens of other top tech, media and VC executives and entrepreneurs. List of angels here: http://www.neucoin.org/en/wiki/#angels (http://www.neucoin.org/en/wiki/#angels)

The initial presale price of $.01 equates to a market value of $30 million for the total supply of 3 billion NeuCoins that will exist at launch. However, at a price of $.01, it is worth noting that coinmarketcap.com (the popular digital currency pricing information provider) will initially indicate NeuCoin's market cap at just $1 million - because the only NeuCoin available for sale at launch will be the 100 million NeuCoins sold in the presale. Moreover, as shown in the chart below, the vast majority of all NeuCoin at launch will be held by NeuCoin's foundations, which will use their NeuCoin assets to increase the utility and value of the cryptocurrency over time.

Proceeds from the NeuCoin token presale, along with cash remaining from the angel investors, will cover the foundations' expenses during the year after launch. The foundations' main objectives for year one are the following:

• One million or more consumers using NeuCoin for online micropayments
• Hundreds of quality content providers accepting NeuCoin micropayments
• Integration with leading exchanges in all major geographic markets to enable easy access to NeuCoin for consumers worldwide

When it launches in the summer of 2015, NeuCoin will be the first cryptocurrency that is:

• easy for regular consumers to access and use
• free for consumers to try out with zero friction
• designed for online micropayments (from $.01 to $1), an area where traditional payment methods are unviable or inefficient
• distributed not just to miners, but to all who grow its value and utility
• secure, efficient and decentralized in the long-run based on an innovative proof-of-stake technology
• supported by well-funded non-profit foundations dedicated to maximizing its utility and value

As an incentive to learn more and get involved, the NeuCoin foundations are offering up to 2,500 NeuCoins to those who read NeuCoin's Strategic Plan (http://www.neucoin.org/en/wiki/ (http://www.neucoin.org/en/wiki/)) and share their opinions through a questionnaire available from the Strategic Plan page. These would be additional to any NeuCoins you earned if you completed the earlier survey.

Looking forward to your feedback!

As if this rubbish is worth [a minimum of] $1,000,000... Nice one, mate. :D

Who'd take investment advice from a dickhead who past up NXT lol Below is Hazard's response to NXT.


Look at the date, how often do you lie awake thinking what might have been for your sorry ass if you'd invested just $50 in NXT ... you are a classic crypto loser bro!!

pro tip, if Hazard says no ... BUY!!

Hazard is bitter asshole and oprah is definetly not fuckable.

Did you really just register a throwaway account to post this? That's adorable.

do you have information on the paycoin Exchange for neucoin?will there be a online wallet?neucoin websites?

exactly, Hazard is a bitter twisted guy who's made embarrassingly bad decisions, yet still insists on sprouting his negative crap as if anybody gives a hoot what a loser like him thinks. noobies beware, hero member status means nothing, don't listen to proven losers for investment advice. Would you take seriously book reviews from the publisher who turned down JK Rowling's first Harry Potter book? Hazard and that guy are old drinking buddies these days!

As for Oprah, I don't fancy the slimmed down version, but when she's cuddly, maybe .... after a few drinks, probably

Except nobody invested in NXT you shit bag.  BCnext was a known sock puppet.  He got over half the NXT for himself.  There were like 70 accounts, but most of those are BCnext and if you trace the chain you can see how they tie together. 

Has anyone ever validated any of the names with NeuCoin?  I don't mean people like Brock Pierce - he's been endorsing stuff all the time (like AppleByte which was a huge flop).

NeuCoin is claiming to be partnered or invested by all these big tech names (like Henrik Kjelberg) and yet nothing on social media substantiates those claims and the only returns are from Bitcointalk and Cryptonews sites which is probably info from press releases NeuCoin wrote themselves.

Where do we sign up for the presale? Not seeing it on the website.

I have a feeling, this not gonna end well. All big investors presale are shit. Take a look at Ziftr

Leaving Oprahs shaggability and Hazards investment skillz aside (he wasn't the only guy to pass on NXT, and O is a little bit wide for my tastes.... ;D )....

NeuCoin looks pretty cool on paper.....pretty much an NXT copy in all respects (which is good to see, imitation is the best form of flattery)  but it's still a centralised, corporate project with all the possible issues that could bring.
This could be the next Paycoin, or it could be something more......time will tell.

I really don't like the Ripple/MarineCoin model of issuing a tiny proportion of coins to the market, with the NeuCoin foundations controlling the vast majority of funds. As Ripple (and others) have shown, this pretty much allows NeuCoin itself complete control of NeuCoins market cap/price. Like I just said, corporate project, eh?

In conclusion....DYOR (lots of R) before throwing money/BTC at them.   

3.33% sale to Bitcointalk / overpriced IPOs all flop
'Corporate Distribution'
Fork of Peercoin (you need millions to fork Peercoin when others did it for free?)
Questionable claims about initial investors and refusal to validate
Similar and recent projects, of the same corporate style, which went nowhere and technically still competition to NeuCoin.
Grandiose goals (uhh you want to attain 1 million users in 1 year when Bitcoin is still under 250,000 after 6 years?)
Endorsements from "Crypto Celebrities", where their endorsements never mattered in other projects.


"Starting at 25,000 NEU per BTC"  as per their website.  Just to buy tenth of 1 percent of all Neu you have to spend 120 BTC.


Anyone really think this dude is going to take his Neu$hit further than Bitcoin in just one year?  Especially when it's a fork and there's so much shady?

mprep this should be in announcements buddy.

Daniel Kaufman the "founder" of NeuCoin.

Kaufman Properties:
http://www.ripoffreport.com/r/Kaufman-Properties/Van-Nuys-California-91401/Kaufman-Properties-slumlords-rent-ripoff-by-property-management-Reseda-California-117133
https://www.trustlink.org/Reviews/Kaufman-Properties-205954200
This says he runs slum lord apartments.  This is the guy you think is going to take CryptoCurrency mainstream?   A poverty pimp?


1 million users within 1 year when Bitcoin could only manage 250,000 over 6...   Uh huh... 

Bad timng to launch a project.  The market sucks right now.

I'll give them the benefit of the doubt.  But does that mean I'm buying into the pre-sale?  Nope.  I'll wait until this is traded in the exchanges.

https://www.peercointalk.org/index.php?topic=4035.45

Looks like for weeks people been asking for proof about their initial investors.  Only deflections and straw mans from the slum lord Daniel Kaufman.

Wouldn't posting lies before the presale be counter intuitive in the first place?  What if the 'investors' saw their site and makes a public statement sayng it's all untrue...?

They've only been making these claims as of weeks ago.  As well that is not how Google works.  You can type your own name all day on Google and you would never see the returns, of you, being alleged with some obscure thing on a small corner of the internet.  You have to use quotations for precise matching.  So unless somebody told you, someone on the internet was claiming you gave them money, how would you ever find out?  Maybe that is where the "invited to invest" part will come in (see below).

Nicholas Högberg is one of the names they mentioned.

Google: Nicholas Högberg "NeuCoin"
Google: Nicholas Högberg

There is a difference.  I went through a lot of names and couldn't find any substantial proof that any of them are involved with this.  Press releases, Bitcointalk, Cryptonews sites are not proof.

You would think it would had been mentioned on several twitter or social media accounts.  

http://www.neucoin.org/en/wiki/#team

"Invited to invest based on their ability to forge partnerships and help drive consumer adoption, the Strategic Angel"

Maybe that wording was intentional as legal defense.  "invited to invest".   :D

Could be.  But they could still be liable for suggesting the idea that those mentioned actually invested.

It is also a very inflationary coin.   It is a premine of 3 billion but they want to grow it to 100 billion.  Which kinds of goes back to earlier points, do you really believe all these Presidents, VPs and executive types are really going to be staking coins on their laptops?  This is really obtuse stuff they claimed they weren't about.


Never mind for us crypto types - are you going to have your node up 24/7 in order to get that full PoS?  You're buying into an inflationary coin where your holding loses value to inflation as soon as you miss a couple of nights or weeks.

Here we are. The people are ready to invest into a new Paycoin-like ICO again. The price for NeuCoin is completely irrational.

is neucoin the next paycoin?paycoin had a few websites does neucoin as a wallet or some websites?

Hey there! I’d advise you to have a look at http://www.neucoin.org/en/ (http://www.neucoin.org/en/), you will see an extensive description of our project. If you have questions after having read it, please post here or on our forum http://forum.neucoin.org/ (http://forum.neucoin.org/), I’ll be happy to answer.

*******
TaunSew, a couple points:


I’m not sure what you mean by “nothing on social media substantiates those claims”. TechCrunch also relayed our investor names, as you can check in this article: http://techcrunch.com/2015/02/03/neucoin-is-a-new-cryptocurrency-designed-for-microtransactions/ (http://techcrunch.com/2015/02/03/neucoin-is-a-new-cryptocurrency-designed-for-microtransactions/)
I don’t think any of them would have liked to be mentioned in this article as well as on our website if we had made up their investment :)
The fact that some people suggest that we would be making up fake investors probably says more about how shadowy some parts of the crypto world are than it does about us. While our investors are of a caliber not commonly associated with the crypto space, they are certainly real.


I checked the peercointalk thread you’ve been referring to, and nowhere it shows that we’ve been refusing to give proof about our investors.
As well, I would highly recommend you to read our plan, available here: http://www.neucoin.org/en/wiki/ (http://www.neucoin.org/en/wiki/) it answers most - if not all - the points mentioned below.

Over the last year, the NeuCoin project team has:

• researched the different consensus mechanisms and more particularly PoS and wrote the industry’s most comprehensive white paper explaining the advantages of proof-of-stake versus proof-of-work,
• built an online wallet - www.MyNeuCoin.com - that is as user-friendly as any leading Bitcoin wallet - and superior to any altcoin wallet
• built at least one consumer on-boarding website - www.GetNeuCoin.com - a game-like tutorial designed to convert mainstream users in a fun and educational way
• built a consumer-friendly cloud mining service that lets users effortlessly earn PoS awards through “growth accounts”
• created partnership with RadioAirplay.com, an artist promotion company that works with 250,000 emerging musicians and Jango.com, a streaming music service with 8 million monthly listeners, to develop a NeuCoin tipping platform
• created partnership with MondoMedia, a video content producer with the largest animation channel on YouTube to develop a premium content micropayments platform
• created a robust vault service to store and control the sale-restricted portion of founding teams’, angel investors’ and partner companies’ sale-restricted NeuCoins

And plenty of other elements.
If you think our project is only about forking Peercoin, you need to have a more in-depth look at http://www.neucoin.org/en/wiki/ (http://www.neucoin.org/en/wiki/).

Like I said above, the founders of NeuCoin know our investors well, they have invested in each others' ventures and worked with and built companies together in the past, and all this is public record and not something you can just make up. Not in the world we come from. I’m not sure where the “refusal to validate” comes from.


Bitcoin is still nowhere in terms of mainstream adoption, and there is a reason for this: Bitcoin suffers from a real free rider problem. The costs of effectively marketing Bitcoin (ideally giving some away for free) and building truly useful applications for it are high. These high costs must be borne by individual companies, while the rewards would be spread across all existing Bitcoin holders. This misalignment of costs and rewards is what is holding back utility development and consumer adoption.

******
Hi btcbug!


The presale will start on April 28, you will be able to access it from http://www.neucoin.org/en/ (http://www.neucoin.org/en/) when it begins. You can also join our forum http://forum.neucoin.org/ (http://forum.neucoin.org/) to get regular updates about the project and ask all the questions you may have about it!

Agree, 0.01 USD/NeuCoin is roughly equal to the price of NXT without the advanced features of NXT. Maybe I'm just old and picky but this doesn't seems to be right.

i dont understand, pretty marketing, but why give to the people of Neucoin a lot of 4.000 bitcoins.

on the presale price for 25.000 Neucoin is 1 BTC when presale sell 100.000.000 Neucoin , than is 4.000 btc cash and a lot of  +- 900.000 Dolars.

 

What happend to this coin? Is it dead? Abandoned? It had huge marketing and ICO campaign and nothing came out of it?