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Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: guptacoin on July 27, 2017, 12:37:31 PM



Title: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on July 27, 2017, 12:37:31 PM


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: novhitadaloma on July 27, 2017, 01:01:23 PM
What is the concept of the project you are offering? Can you explain it in more detail? If your project is really interesting then i might consider it to invest in ICO you will do.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on July 27, 2017, 01:11:33 PM
What is the concept of the project you are offering? Can you explain it in more detail? If your project is really interesting then i might consider it to invest in ICO you will do.

In a quick nutshell (from the white paper we are finishing up now):

Guptacoin is setup to be the first and foremost cryptocurrency dedicated to the Indian market. The goal is to enable the people of India to use Guptacoin as a token of value that is no longer controlled by a central entity.

We plan to airdrop 250 – 1,000 Guptacoins (GPT) to each citizen of India by means of SMS verification. 65% (1,300,000,000 GPT) of all coins are reserved for this.

Apart from the reserved airdrop coins we have 25% (500,000,000 GPT) reserved for the miners. The coin will be based upon 3 algorithms that are all ASIC resistant and thus environmentally friendly. The total mining time is set to 31,7 years. After that we expect the network to run on fees.

We also want to encourage people to become part of the decentralized network by setting up their own nodes for as little as $15. The more nodes we have to run the network, the more secure, stable and fast transactions take place. We want to setup a reward program to those who run nodes by offering 25 GPT per month (or the rational equality of the actual uptime). For this we have reserved 7% (140.000.000 GPT).

The remaining 3% (60,000,000 GPT) is reserved for development costs and incentives.

Technical specs:

Coin name   : Guptacoin
Ticker identifier : GPT
Coin sign :   G
Total supply : 2,000,000,000 GPT
Premine :   75% (1,500,000,000) Total
                     
65% (1,300,000,000) Reserved airdrop
7% (140,000,000) Reserved Nodes
3% (60,000,000) Reserved development

Mining algorithms :

Qubit (CPU/GPU only)
Skein (CPU/GPU only)
Groestl (CPU/GPU only)

Block times : 20 sec
Block reward : 10 GPT
Estimated time to last block reward : 31,7 years


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: dunedainbob on July 27, 2017, 02:01:01 PM
What is the concept of the project you are offering? Can you explain it in more detail? If your project is really interesting then i might consider it to invest in ICO you will do.

In a quick nutshell (from the white paper we are finishing up now):

Guptacoin is setup to be the first and foremost cryptocurrency dedicated to the Indian market. The goal is to enable the people of India to use Guptacoin as a token of value that is no longer controlled by a central entity.

We plan to airdrop 250 – 1,000 Guptacoins (GPT) to each citizen of India by means of SMS verification. 65% (1,300,000,000 GPT) of all coins are reserved for this.

Apart from the reserved airdrop coins we have 25% (500,000,000 GPT) reserved for the miners. The coin will be based upon 3 algorithms that are all ASIC resistant and thus environmentally friendly. The total mining time is set to 31,7 years. After that we expect the network to run on fees.

We also want to encourage people to become part of the decentralized network by setting up their own nodes for as little as $15. The more nodes we have to run the network, the more secure, stable and fast transactions take place. We want to setup a reward program to those who run nodes by offering 25 GPT per month (or the rational equality of the actual uptime). For this we have reserved 7% (140.000.000 GPT).

The remaining 3% (60,000,000 GPT) is reserved for development costs and incentives.

Technical specs:

Coin name   : Guptacoin
Ticker identifier : GPT
Coin sign :   G
Total supply : 2,000,000,000 GPT
Premine :   75% (1,500,000,000) Total
                     
65% (1,300,000,000) Reserved airdrop
7% (140,000,000) Reserved Nodes
3% (60,000,000) Reserved development

Mining algorithms :

Qubit (CPU/GPU only)
Skein (CPU/GPU only)
Groestl (CPU/GPU only)

Block times : 20 sec
Block reward : 10 GPT
Estimated time to last block reward : 31,7 years


There are some excellent ideas here.

First, a coin dedicated to the Indian market is a huge opportunity.  I don't know enough about different cryptos to know if there are other coins targeting India (I'd be surprised if there aren't already people trying this) but India's bureaucracy is heavy.  This may be an area ripe for the kind of decentralization cryptos bring.

Second, airdroping via SMS is a great idea.  There are actually a lot of charities that seek to bring mobile technology (e.g. via mesh networks) to poor and rural areas of India, because many consider mobile technology to be the key to unlocking the potential of these areas, especially when telecom is already huge in urban India.  Any opportunity to interface with the coin via SMS will make it accessible to Indians and tie it to the existing projects that want to use phones to empower rural India.

Third, I'm a fan of ASIC resistance in general, though that's a person preference.

Any idea when you might be providing more detail?  Are we talking days?  Weeks?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: CoinManiac1 on July 27, 2017, 02:04:17 PM
Isnt a surname of Indian people. Nxt thing ppl with come out with ChoudharyCoin, SharmaCoin. I betcha u have a surname by the Gupta.  :D

Edit - About the SMS verification, how do you intend to do it. Do ppl need to submit their numbers?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: erikalui on July 27, 2017, 02:10:14 PM
Isnt a surname of Indian people. Nxt thing ppl with come out with ChoudharyCoin, SharmaCoin. I betcha u have a surname by the Gupta.  :D

Edit - About the SMS verification, how do you intend to do it. Do ppl need to submit their numbers?

When there can be Trump coin, why not Guptacoin. I like Modi coin too lol

Will this coin be used only on Indian shopping websites/markets?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: itulaj1 on July 27, 2017, 02:14:32 PM
dev are you open bounty?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: Gina on July 27, 2017, 02:23:48 PM
I do not understand what is the use of the project since we are discussing the same project here?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: lupanar on July 27, 2017, 02:26:56 PM
The first indian crypto project in my memory. I like the goal of this project, it's seems very pure and noble.
So 75% premine is meaning airdrop for indian people and rest 25 is minable?
Also glad to hear that is asic-resistant algo, damn asics is an evil of earth ;)

When the launch will be , main question?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: ethereumnews on July 27, 2017, 02:29:51 PM
Stupid coin with stupid goal. Crypto currencies were meant to bring people together.

I hope your shit coin fails.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: 794259332 on July 27, 2017, 02:36:49 PM
premine 75% ,shit idea!


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: duongtien86 on July 27, 2017, 02:40:01 PM
What is the concept of the project you are offering? Can you explain it in more detail? If your project is really interesting then i might consider it to invest in ICO you will do.

In a quick nutshell (from the white paper we are finishing up now):

Guptacoin is setup to be the first and foremost cryptocurrency dedicated to the Indian market. The goal is to enable the people of India to use Guptacoin as a token of value that is no longer controlled by a central entity.

We plan to airdrop 250 – 1,000 Guptacoins (GPT) to each citizen of India by means of SMS verification. 65% (1,300,000,000 GPT) of all coins are reserved for this.

Apart from the reserved airdrop coins we have 25% (500,000,000 GPT) reserved for the miners. The coin will be based upon 3 algorithms that are all ASIC resistant and thus environmentally friendly. The total mining time is set to 31,7 years. After that we expect the network to run on fees.

We also want to encourage people to become part of the decentralized network by setting up their own nodes for as little as $15. The more nodes we have to run the network, the more secure, stable and fast transactions take place. We want to setup a reward program to those who run nodes by offering 25 GPT per month (or the rational equality of the actual uptime). For this we have reserved 7% (140.000.000 GPT).

The remaining 3% (60,000,000 GPT) is reserved for development costs and incentives.

Technical specs:

Coin name   : Guptacoin
Ticker identifier : GPT
Coin sign :   G
Total supply : 2,000,000,000 GPT
Premine :   75% (1,500,000,000) Total
                     
65% (1,300,000,000) Reserved airdrop
7% (140,000,000) Reserved Nodes
3% (60,000,000) Reserved development

Mining algorithms :

Qubit (CPU/GPU only)
Skein (CPU/GPU only)
Groestl (CPU/GPU only)

Block times : 20 sec
Block reward : 10 GPT
Estimated time to last block reward : 31,7 years


There are some excellent ideas here.

First, a coin dedicated to the Indian market is a huge opportunity.  I don't know enough about different cryptos to know if there are other coins targeting India (I'd be surprised if there aren't already people trying this) but India's bureaucracy is heavy.  This may be an area ripe for the kind of decentralization cryptos bring.

Second, airdroping via SMS is a great idea.  There are actually a lot of charities that seek to bring mobile technology (e.g. via mesh networks) to poor and rural areas of India, because many consider mobile technology to be the key to unlocking the potential of these areas, especially when telecom is already huge in urban India.  Any opportunity to interface with the coin via SMS will make it accessible to Indians and tie it to the existing projects that want to use phones to empower rural India.

Third, I'm a fan of ASIC resistance in general, though that's a person preference.

Any idea when you might be providing more detail?  Are we talking days?  Weeks?

bounty program?
translation Vietnamese?
wallet?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: hugasinora on July 27, 2017, 02:43:31 PM
Is this an ambitious or stupid goal?
75% premine? are you serious?
Hope you guys have a good plan to develop this project, good luck


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: lfilipetav on July 27, 2017, 03:00:41 PM
Stupid coin with stupid goal. Crypto currencies were meant to bring people together.

I hope your shit coin fails.

I Hope your lack of interest beside Ethereum News dies. India in many parts of the country is suffering from the lack of pressed fiat currency. The size of the country in terms of money management is nowhere compared to any country. I am an European, maybe since my country has close ties for centuries with India we get more news but still. It wouldn't hurt to google it first.

Some people in India just don't have access to fiat currency, in the means that would be necessary. If you add that to the fact that some people don't have access to a decent banking system, or at least functional one like in the west. The distribution is flawled.

I want to know more on how they think this should work, understand how they might create value for the coin (as it will be distributed) and get people either mining it or be used as node. And how they plan to work around the 1 person = x Gupta, then if one person dies = y, one person is born = z.

If this options are not implemented, the whole point behind the set number of coins per person is useless.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: ethereumnews on July 27, 2017, 03:07:21 PM
Also 'Gupta' is worst name. Take a look what Guptas did to South Africans. http://www.newstatesman.com/culture/observations/2017/07/gupta-scandal-how-british-pr-firm-came-unstuck-south-africa

Gupta scammed entire nation of South Africa. Do not trust Gupta.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: mrhans on July 27, 2017, 03:25:47 PM
I think announcements with just a picture and a "more coming soon" isn't that good. Why not just wait until you have the whitepaper and everything ready and the, bam! All at once?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: fiki fuka on July 27, 2017, 03:28:36 PM
This is a project like what is no twitter account, facebook slack and others. Whether the project is a very promising project. But hopefully this project mwnjadi number one in india and the best.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: abjingyun on July 27, 2017, 03:38:26 PM

New project but very impressive, very good for us follow, hopefully this project continues and success. thank you


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: Elkmar on July 27, 2017, 05:02:10 PM
Well I'm not targeted so my interest is very low. But good luck, and I like the image, that's why I continued to read the thread  :)


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: ankit10 on July 27, 2017, 05:34:40 PM
Best of luck guptaji


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: 2012 on July 27, 2017, 06:01:55 PM
dev are you open bounty?

No party for other part of the world if you browsed few posts above than you will see distribution plan via sms verification only for Indian people. You have to mine it or buy from exchange after airdrop round will get finished.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: gameparadise007 on July 28, 2017, 01:52:57 PM
Any news ?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: lucky1488 on July 28, 2017, 05:49:33 PM
Wallet? Conf solo ?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: chingachgook on July 28, 2017, 06:01:49 PM
Also 'Gupta' is worst name. Take a look what Guptas did to South Africans. http://www.newstatesman.com/culture/observations/2017/07/gupta-scandal-how-british-pr-firm-came-unstuck-south-africa

Gupta scammed entire nation of South Africa. Do not trust Gupta.

This. Guptas are shiites.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 01, 2017, 06:56:46 PM
Isnt a surname of Indian people. Nxt thing ppl with come out with ChoudharyCoin, SharmaCoin. I betcha u have a surname by the Gupta.  :D

Well, there is a reason why Gupta is a surname in India. It has a long rooted history in our country. Here is a good article about it and we think it explains perfectly well why we chose this name: http://www.coin-competition.eu/history/the-golden-age-of-indian-coinage-the-gupta-coins/

Quote
Edit - About the SMS verification, how do you intend to do it. Do ppl need to submit their numbers?

Yes, we are in the process of setting up a SMS verification server with one of the largest telco's in India for this purpose. The penetration grade of smartphones in India is huge compared to other countries, so is the need and awareness of alternative currencies.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 01, 2017, 07:06:11 PM
There are some excellent ideas here.

First, a coin dedicated to the Indian market is a huge opportunity.  I don't know enough about different cryptos to know if there are other coins targeting India (I'd be surprised if there aren't already people trying this) but India's bureaucracy is heavy.  This may be an area ripe for the kind of decentralization cryptos bring.

True, India has a masive potential to adopt crypto currency. There have been some attempts to start a coin for India, but all failed in getting approval to be tradable against existing currency. We are going about this differently. We airdrop tokens that people can chose to use as currency. We are not selling them. That's also why we incentivize people setting up their own nodes, so we can build a strong and decentralized network as infrastructure.

Quote
Second, airdroping via SMS is a great idea.  There are actually a lot of charities that seek to bring mobile technology (e.g. via mesh networks) to poor and rural areas of India, because many consider mobile technology to be the key to unlocking the potential of these areas, especially when telecom is already huge in urban India.  Any opportunity to interface with the coin via SMS will make it accessible to Indians and tie it to the existing projects that want to use phones to empower rural India.

You are right again here. India has a great need for accessible currency and the best way to do this is by mobile phones (over 90% penetration).

Quote
Any idea when you might be providing more detail?  Are we talking days?  Weeks?

Well, we have been busy last week with many things, but you can expect way more in-depth information within weeks.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 01, 2017, 07:20:31 PM
Isnt a surname of Indian people. Nxt thing ppl with come out with ChoudharyCoin, SharmaCoin. I betcha u have a surname by the Gupta.  :D

Edit - About the SMS verification, how do you intend to do it. Do ppl need to submit their numbers?

When there can be Trump coin, why not Guptacoin. I like Modi coin too lol

Will this coin be used only on Indian shopping websites/markets?

Well, we didn't chose Gupta because it is a surname. Gupta is a well known surname in India because it has a history: http://www.coin-competition.eu/history/the-golden-age-of-indian-coinage-the-gupta-coins/

And yes, we focus 100% on Indian market. Of course there will be international opportunities later as markets don't know borders.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 01, 2017, 07:27:50 PM
premine 75% ,shit idea!

Is this an ambitious or stupid goal?
75% premine? are you serious?
Hope you guys have a good plan to develop this project, good luck


Today most ICO's are 100% premine, yet they tend to get millions thrown at them without any end product. We don't ask for any contributions before we show the entire end product.

We do plan to acquire some funds through a separate ICO that can fund the initial costs of the SMS setup and add campaign. These tokens will not be linked to the Guptacoin directly, but can be best compared to holding a share in the foundation that holds the key to the growing infrastructure.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 01, 2017, 08:17:12 PM
I think announcements with just a picture and a "more coming soon" isn't that good. Why not just wait until you have the whitepaper and everything ready and the, bam! All at once?

We agree with you. But there are several reasons why we didn't wait any longer (we have been working on this for 8 months now).

First is excitement on our part. We wanted to start sharing our thoughts with this community.

Secondly, we want to have some input from you as well. We have a lot of time and money invested already and also have some awesome people with great experience advising us. Still we know early discussions on this forum can be of great value as well.

Third, we need this account to be active enough to be able to interact with the community swiftly and without limitations. Being a newbie doesn't help, so we like to interact and get a more working status along the line.

Honest enough?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 01, 2017, 08:23:35 PM
Stupid coin with stupid goal. Crypto currencies were meant to bring people together.

I hope your shit coin fails.

I Hope your lack of interest beside Ethereum News dies. India in many parts of the country is suffering from the lack of pressed fiat currency. The size of the country in terms of money management is nowhere compared to any country. I am an European, maybe since my country has close ties for centuries with India we get more news but still. It wouldn't hurt to google it first.

Some people in India just don't have access to fiat currency, in the means that would be necessary. If you add that to the fact that some people don't have access to a decent banking system, or at least functional one like in the west. The distribution is flawled.

I want to know more on how they think this should work, understand how they might create value for the coin (as it will be distributed) and get people either mining it or be used as node. And how they plan to work around the 1 person = x Gupta, then if one person dies = y, one person is born = z.

If this options are not implemented, the whole point behind the set number of coins per person is useless.

Thanks for your educated insights. You catch the exact reason why we decided to do this.

As an answer to your last question, we have no true answer. We planned a certain amount to be released to the people of India. Surely we can't foresee any demographics in the future. But the total amount of Gupta released to the people will organically balance itself between it's users.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 01, 2017, 08:31:59 PM
Well I'm not targeted so my interest is very low. But good luck, and I like the image, that's why I continued to read the thread  :)

Thanks!

Unfortunately, since this is a new account, our images are not shown yet. One of the reasons we started this ANN early.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 01, 2017, 08:42:01 PM
premine 75% , why not 100% , plan !

Well, we haven't really been clear on this, so we understand your remark. We truly believe that building a real decentralized network that is carried by the people of India is the best solution. Not the easiest, that would be an ICO on an existing platform like ETH or WAVES.

The true value lies within the infrastructure we are planning to build in India. Once people are able to be their own banks and participate in the infrastructure that enables them to use money as it's supposed to be, then we are successful! Relying on a platform that is run by foreign entities is not aligned with that thought. That's why we leave 25% to be mined by the self supporting network.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 01, 2017, 08:59:10 PM
Is there any time set when the white paper will be released?
When guptacoin is going to be minable?

Yes, we plan to fully disclose every part of our initiative before 1st of september. We also will setup a mining pool that is ready to mine the very first blocks before the chain goes life. We even plan to let miners hook up before the GPT chain is started and give ROI by channeling alternative crypto's with the same algo before the initial block. So no loss of hashing power!

Once the chain is live (and the first blocks with premine have been secured), we will release the entire source.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: hashgoalPool on August 02, 2017, 04:34:13 AM
Is this an ambitious or stupid goal?
75% premine? are you serious?
Hope you guys have a good plan to develop this project, good luck

i think you need to read from start, 75% premine and from that 65% is airdrop(free distribution).


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: TheFoes on August 02, 2017, 04:48:01 AM
alright. im in. so when we do start mining it? pls make a full guide to start mining this thing. i will prepare my mining rig to mine this at any time.  lets prosper together GUPTAJI. good luck. will be waiting for the wallet, airdrop and mining. do the best dev!


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 02, 2017, 07:21:37 AM
alright. im in. so when we do start mining it? pls make a full guide to start mining this thing. i will prepare my mining rig to mine this at any time.  lets prosper together GUPTAJI. good luck. will be waiting for the wallet, airdrop and mining. do the best dev!

Thanks, we welcome everyone to join in mining and otherwise. We will release new info on our progress on a daily basis from now on.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: karan1498 on August 02, 2017, 08:48:59 AM
negative


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: hashgoalPool on August 02, 2017, 09:52:21 AM
negative

what you mean buddy?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: karan1498 on August 02, 2017, 01:14:03 PM
what you mean buddy?


wont work buddy


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: malcolml4 on August 02, 2017, 01:20:19 PM
Why not put more information?This will give everyone an intuitive view of the content, otherwise investors will find it boring.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: duchungptithcm on August 02, 2017, 01:28:09 PM
Very worth! India is a potential market


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: Angel Di on August 02, 2017, 01:32:47 PM
Bounty program is?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: nagatraju on August 02, 2017, 02:02:20 PM
Nice project.  Finally a coin for Indians.  There should be great opportunity to your project, as most of Indians waiting to know about Digital currency.  I hope you make awareness about Digital Currency among Indian people through this project.

I think name of the coin is not important.  But Dev should announce future developments and Whitepaper, with unique ideas.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: @prashant on August 02, 2017, 02:14:37 PM
What actually is the purpose? ??? Just another bitcoin code alt coin,and who is going to fund it?need many details!


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: karan1498 on August 02, 2017, 02:17:46 PM
Im planning to make modicoin  :P


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: jwsu1113 on August 02, 2017, 02:26:41 PM

support,the idea is good, will pay attention to your post and further information.
I would like to reserve Filipino translation if needed. Thank you.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: hashgoalPool on August 03, 2017, 05:45:45 AM
What actually is the purpose? ??? Just another bitcoin code alt coin,and who is going to fund it?need many details!


there is no ico for funding. but we are going to airdrop 65% and reserve 10% for development and marketing purpose. wallets and other details will be available soon.




Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: hashgoalPool on August 03, 2017, 05:51:34 AM
btw, I am also indian and guptacoin team member.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: karan1498 on August 03, 2017, 06:39:19 AM
Whats the purpose behind the coin? And why this name? Any reason?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: hashgoalPool on August 03, 2017, 08:53:38 AM
Whats the purpose behind the coin? And why this name? Any reason?

purpose is to make gupta coin to country coin for india, which can be use in buying regular stuff and services with quick crypto payment.

and for  name :

http://www.coin-competition.eu/history/the-golden-age-of-indian-coinage-the-gupta-coins/


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: Tipstar on August 03, 2017, 08:56:44 AM
Whats the purpose behind the coin? And why this name? Any reason?

purpose is to make gupta coin to country coin for india, which can be use in buying regular stuff and services with quick crypto payment.

and for  name :

http://www.coin-competition.eu/history/the-golden-age-of-indian-coinage-the-gupta-coins/

Could have used a humbler name. India it self a ethnically diverse country with frequent clashes between them. How could they accept an coin with ethnic name all over the country?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: ethex on August 03, 2017, 08:57:42 AM
75% PREMINE?  ??? ???
Hits the market and dev puts all on sale = profit.

No thanks


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: hashgoalPool on August 03, 2017, 09:19:06 AM
75% PREMINE?  ??? ???
Hits the market and dev puts all on sale = profit.

No thanks

ahh please read again , 65% is airdrop(free distribution) from 75% premine.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: hashgoalPool on August 03, 2017, 09:24:33 AM
Whats the purpose behind the coin? And why this name? Any reason?

purpose is to make gupta coin to country coin for india, which can be use in buying regular stuff and services with quick crypto payment.

and for  name :

http://www.coin-competition.eu/history/the-golden-age-of-indian-coinage-the-gupta-coins/

Could have used a humbler name. India it self a ethnically diverse country with frequent clashes between them. How could they accept an coin with ethnic name all over the country?

name actually does not make more sense it just target that coin is for india. what the matter most is the end product we are providing users  that change the way to use money and make purchase.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 04, 2017, 10:24:43 AM
Why not put more information?This will give everyone an intuitive view of the content, otherwise investors will find it boring.

We are working towards that. We need to lose some restrictions first that come with a new account.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 04, 2017, 10:31:20 AM
Very worth! India is a potential market

It sure is, read this:

https://news.bitcoin.com/indian-multi-industry-survey-bitcoin/

http://norberthaering.de/en/home/27-german/news/745-washington-s-role-in-india



Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 04, 2017, 10:41:15 AM
Whats the purpose behind the coin? And why this name? Any reason?

The purpose of this coin is to fairly distribute a good decentralized monetary platform to all (or most) people in India. By enabling the people to build the infrastructure (miners and nodes) themselves they have a new way to settle payments without being robed by the central banking system.

The name is chosen for two reasons:

1: "The Gupta period is considered the "Golden Age" of classical India. This was a time when great universities flourished in Nalanda and Taxila, and great writers such as the playwright Kalidasa and great scientists such as the mathematician and astronomer Aryabhatta, who is credited with the concept of zero among his many achievements, helped create an atmosphere of tremendous creative impulse. Gupta art is regarded as the high point of classical Indian art, and the coinage is equally regarded as among the most beautiful of ancient India.”

2: http://media1.santabanta.com/full1/Indian%20%20Celebrities(F)/Esha%20Gupta/esha-gupta-22a.jpg

 ;)


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: 2012 on August 04, 2017, 10:50:02 AM
75% PREMINE?  ??? ???
Hits the market and dev puts all on sale = profit.

No thanks

ahh please read again , 65% is airdrop(free distribution) from 75% premine.

But that 65% is only reserve for Indian people and that is good point there is no ICO planned for this project. I also think India is emerging country there is a lot of room of growth for cryptocurrencies. After this distribution I will try to mine this coin.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: LTEX on August 04, 2017, 10:51:25 AM
As one of the advisors of this project I can tell you there is a lot going on behind the scenes already. The developers are all experienced multiple years in crypto and the team is extremely dedicated.

As developer of Auroracoin (been involved there since February 2014) I've learned a lot about the concept of airdropping, especially what can go wrong. This team is smart enough to use valuable experience others have.

I'm allowed to give you a little sneak peak:


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: sjm1110 on August 04, 2017, 02:49:24 PM
premine 75% ,shit idea!



65% (1,300,000,000) Reserved airdrop

I think It's Good idea


Best Of Luck Gupta Coin


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: hashgoalPool on August 05, 2017, 01:33:28 AM
2: http://media1.santabanta.com/full1/Indian%20%20Celebrities(F)/Esha%20Gupta/esha-gupta-22a.jpg

worst reason ever. 

Dont mind,  that is just joke  ;),  consider only first reason.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 05, 2017, 10:29:40 AM
2: http://media1.santabanta.com/full1/Indian%20%20Celebrities(F)/Esha%20Gupta/esha-gupta-22a.jpg

worst reason ever. 

Dont mind,  that is just joke  ;),  consider only first reason.

True, sometimes one has to have a little fun in crypto right?


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: hubballi on August 06, 2017, 10:28:41 PM
Also 'Gupta' is worst name. Take a look what Guptas did to South Africans. http://www.newstatesman.com/culture/observations/2017/07/gupta-scandal-how-british-pr-firm-came-unstuck-south-africa

Gupta scammed entire nation of South Africa. Do not trust Gupta.

That was not only Gupta but the South African high government officials also helped and it was tied up with british firm. so their was fully collaboration by so many person in scamming.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: cryptoking619 on August 07, 2017, 04:46:38 AM
Also 'Gupta' is worst name. Take a look what Guptas did to South Africans. http://www.newstatesman.com/culture/observations/2017/07/gupta-scandal-how-british-pr-firm-came-unstuck-south-africa

Gupta scammed entire nation of South Africa. Do not trust Gupta.

That was not only Gupta but the South African high government officials also helped and it was tied up with british firm. so their was fully collaboration by so many person in scamming.


Gupta coin Team Is Not Related Mentioned or any other Scandal, So don't misguide to other People. suppose if a single name trapped in any type of scandal it doesn't mean all the same named person is affected. think wisely before declare anything.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: hubballi on August 07, 2017, 11:01:08 AM
Also 'Gupta' is worst name. Take a look what Guptas did to South Africans. http://www.newstatesman.com/culture/observations/2017/07/gupta-scandal-how-british-pr-firm-came-unstuck-south-africa

Gupta scammed entire nation of South Africa. Do not trust Gupta.

That was not only Gupta but the South African high government officials also helped and it was tied up with british firm. so their was fully collaboration by so many person in scamming.


Gupta coin Team Is Not Related Mentioned or any other Scandal, So don't misguide to other People. suppose if a single name trapped in any type of scandal it doesn't mean all the same named person is affected. think wisely before declare anything.

Here he is telling that all Gupta have scammed entire south africa nation. but he is not seeing that gupta were just a mere mediator but the main culprit were the politician and the PM son and british firm who were the main person behind that scam and gupta were just the mediator. So you cannot blame all gupta's.


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: guptacoin on August 11, 2017, 02:17:58 PM

- Update -

This week we have been running the network in a sandbox. All algorithms performed extremely well! We have 61 sec blocktimes like clockwork, even with spikes in hashes throughout. We are very grateful to the the external advisors that have helped us finetune the network to perform under the extreme payload we expect in India.

We also have tested the block explorer and the dedicated pool we setup. Both run like a charm as well. The basic setup to run a node on a $ 16,- RPi also has proven to be quite stable.

Sure enough, we have a lot to tweak and test before we can go live, but it's looking good!

~ Guptacoin ~


Title: Re: Guptacoin - Digital India - Real Financial Freedom
Post by: legendster on August 25, 2017, 12:31:00 PM
Isnt a surname of Indian people. Nxt thing ppl with come out with ChoudharyCoin, SharmaCoin. I betcha u have a surname by the Gupta.  :D

Edit - About the SMS verification, how do you intend to do it. Do ppl need to submit their numbers?

Ok I got my dibbs on these :

Chatterjeecoin

Bandhopadhyaycoin

Sharmacoin

Singhcoin

Tichkulecoin

Kkkapoorkkkoin

Muthmarecoin (yes that's a surname)