Bitcoin Forum

Announcing: GENERcoin - a crypto-token created by a Canadian Biofuel company that is going to shake up the Energy and Cryptocurrency community

GENERCoins are:
1. Available for sale starting June 11th
2. 1 GENERcoin = 10,000 btu's equivalent to 30 lbs of NextGEN solid Biofuel from Arterran Renewables
3. Each GENERcoin is a claim receipt similar to a Power Purchase Agreement for the energy backing each coin which may be redeemed, traded, or exchanged
4. All GENERcoins will always be backed by the same 10,000 btu's of energy.

The company:
- Arterran Renewables is backed by a registered Canadian company subject to regulations and reporting requirements.
- NextGEN solid Biofuel is produced in the Arterran Biofuel reactor using a patented process as a direct replacement for Thermal Coal used for the production of electricity.
- Future projects include the possibility of creating a 2nd variation of the token, to fund the deployment of Arterran Bio-reactors facilities around the world.
 

Arterran Renewables provides a solution to humanity's dependance on Thermal Coal use, and GENERcoin provides the mechanism to assist in this transition to sustainability.


Crowsale details:
- GENERcoin is created on the Bitcoin Blockchain using the Master Protocol from Mastercoin
- GENERcoin will be available for purchase commencing Wendnesday, June 11 2014 until July 11, 2014 if necessary.
- Each GENERcoin is backed by 10,000 btu's of green energy, and will be available at the following price schedule:
 
1st               12,000,000   GENERcoin's @ .062c USD
Next             6,000,000   GENERcoin's  @ .067c USD
Following       6,000,000   GENERcoin's  @ .069c USD
Final             6,000,000   GENERcoin's  @ .073c USD
 
- Each GENERcoin is valued at .09c USD based upon the energy value of 10,000 btu's.
- Please see the www.GENERcoin.io (http://www.GENERcoin.io) for a more detailed explanation.
 
This price does not include any carbon credits that may be claimed by the consumers of this fuel.
 
How to buy:
- Payments will only be accepted in Bitcoin
- For optimum security we have selected the services of Coinkite as our receiving wallet. We are confident conkite provides the most robust wallet on the market.
 
Wallet Address: This address will be added here on June 11
 
 
References:
Project: www.genercoin.org (http://www.genercoin.org)
Crowdsale: www.genercoin.io (http://www.genercoin.io)
www.arterranrenewables.com (http://www.arterranrenewables.com)

Supporting Documents:
DeKo Thesis - the whitepaper proposal on an electricity backed currency: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1802166 (http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1802166)

Interesting.  I'm subscribing and will have questions later.

So, it's 100% premine coin?

Next UROcoin?  ;D

Some questions:

1.  What is the name of the Canadian Company?

2.  As this is backed by a company and this is an asset backed security, have your company lawyers checked with your version of the Securities and Exchange Commission to see if there is any regulation governing such an issuance?

3.  Do I understand correctly that you're trying to create a stable digital currency here and don't expect the price to appreciate much, if at all above $0.09 per coin?

Thanks.

::)

anything supported by the biotech industry (which is helping poison the worlds food supply with gmo food) will not get my support.

this coin is one i will never trade and I rarely bring my personal political feelings into the boards here but this is something i feel strongly about and would encourage others to consider before supporting such a coin.

Its interesting to learn about this bio-fuel. However, I think your coin is in no way associated with that company. Frankly I think its just a ploy to attract attention to your scam coin. I'm sure many feel the way I do. You're not fooling anyone.

Thanks for your questions and comments:

- the name of the Canadian company is Arterran Renewables
- GENERcoin is not a security or stock
- the value of the GENERcoin is pegged to 10,000 btu's
- the price may fluctuate based on the price of biofuel globally

And lastly - the GENERcoin is not a pre-mined coin, as this token is not mined even after the release. There are a set number available and they each represent 10,000 btu's equivalent to 30lbs of NextGEN Solid Biofuel

Thanks for your feedback, I would like to bring your attention to further details which will hopefully address some of your concerns:
This is a legitimate company: www.arterranrenewables.com
They are located in Kelowna, BC Canada and you can contact them via phone number or email directly.


Arterran Biofuel has been tested for energy content by 2 respected independent labs: Powertech Labs in British Columbia and Gwil Industries in Alberta.


This crowdsale is being coordinated by Distributed.buzz on behalf of Arterran Renewables for the launch of the GENERcoin
We've created a website here: www.genercoin.io to explain the details

Please check out our firm's website at www.distributed.buzz
And contact us or Arterran if you have any questions.

I respect your concerns - GENERcoin is backed by renewable energy. Arterran Renewables and the GENERcoin are not in the biotech industry and certainly oppose anything against  sustainability. The creation and sale of Arterran Renewables NextGen Solid Biofuel backed GENERcoin is to bring the world one step closer to the vital reality of a world no longer in need of fossil fuels.

Im interested, but launch time is in the middle of the night here :(

GENERcoin launches at 8AM Pacific tomorrow, June 11th and will be for sale for 30 days unless the coins are sold out before then.
We've planned this crowdsale differently than others and will be rewarding people for participating based on volume sold.

We would like ensure that everyone who is interested can participate - the Distributed.buzz team and Arterran Renewables are available on standby.
Please PM me if you would like us to help

Interesting, count me in.

ok.i hope one day i can use ur biofuel to mine bitcoin

 ;D ;D ;D ;D ;D ;D

good project, let's see what will happen

article about GENERcoin on cryptocoinsnews ;)
http://bit.ly/1oCTF60

I wish this coin was easier to get coins of.  Maybe I'm missing something but do you have to invest 3 btc to get some of these coins?  I understand/respect some reasons why people wouldn't support this coin but I think it has potential to go up in value and would like to get some coins.


I their a way you know of to translate to English on the site?  thanks for posting.

look here ;)
http://www.cryptocoinsnews.com/news/genercoin/2014/08/09

Retweet: https://twitter.com/GEO_Jan/status/575927594937360385