If you read this ANN for the first time (as I did) this looks like a newborn coin, launched on April 8, 2019.  But then reading comments it's clear that:

* This is not a newborn, there's a prior ANN:
https://bitcointalk.org/index.php?topic=4724483.0 
* Prior ann is deleted and off limits.
* There was a swap with the prior chain
* There's a 10% premine (so, 1.8m coins?)
* Anonymous devs


My questions:

1. Why put the prior ANN down the memory hole and can it be resurrected?
2. Is the premine wallet public or locked?

To hear in the words of an Obelisk attorney, in court, about how they treat customers, here's a write-up on Medium: http://bitly.com/OBELISK2

Any potential buyers should also review the thread on the miner on the Grin Forum, where community members engage directly with CEO David Vorick and conclude overwhelmingly that the GRN1 will never ROI.  https://www.grin-forum.org/t/obelisk-grn1-full-sale/4773/46

Hello, we started an unofficial ABCMint community on Discord so that we can learn more about the project and interact on that platform. There's an OTC option there (nothing yet, literally three people in the Discord so far).

Come join.   https://discord.gg/z9QmxRf

Could we please have some basic details about the coin spec, please?

* Premine: ___
* Total supply: ___
* Emission: ___
* Block size: ___

Have there been any OTC transactions yet for ABC?  Curious what the value is starting at?

Update to AmityCoin’s Late & Messy Ann:


Hi, I'm one of the lead sponsors of AmityCoin.  AmityCoin is a zero premine project, but there’s no day-zero ANN on Bitcointalk.  Why? For reasons never described, the original project's founders had extreme dislike for the use of Bitcointalk for ANNs and protested any ANN.  We can’t go back in time to change that decision, but we can ack this Ann (made by an early miner) as the closest to launch (the coin launched on 11/5/2018).

Web:   https://www.getamitycoin.org/
GitHub:    https://github.com/CalexCore/AmityCoin/releases
Discord:    https://discord.gg/z5hcZCa
Explorer:   https://explorer.getamitycoin.org/

Late Ann from Newborncrypto (on 11/8/2018):

This project proposes all the things. There's no premine because founders don't believe in it; it's got PoW, but not too long; then it's PoS but done in a fair way; and you can give miners optionality, they can provide their GPU rigs for regular PoW mining or also for things like distributed video processing.

RIGHT.

There has not been yet a proven model for dual-use PoW + processing.  Perhaps Filecoin or Siacoin but that's storage and that's, well, a very different setup than this.

Miners should be VERY wary.  There was recently another coin called Ngin that had no premine, proposed dual-service PoW + compute (in that case as distributed search engine). In my view, about the same level of technical plausibility as this project.  BEWARE.

This is a really interesting project and it keeps evolving with things like this Offshore+.  Good to see this interdisciplinary innovation.

UPDATE: I reported above that my coins were not swapped, but since then the founders have swapped my coins. Thank you for that. However, the disregard for privacy in that process (the wallet inspection) and the lack of any skillset to maintain a community or develop a coin will keep me out. 

Good luck with this project.

I'm out . . .

This coin was taken over by an "investor" in the prior chain, which failed, Celestial. It's kind of ballsy and a good move for the community when someone steps up to take over a failed project like that.  Even though the founder isn't a dev and has no experience in this space running a coin, that's ok because other skillsets can make up for it: pulling together a team, motivating the community, marketing, etc.  There's no reason why a coin needs to be run by a coder these days.

However, the founder here is not succeeding in maintaining the prior community, and has alienated many of the members---including me.

The founder is insisting on verifying every coin from prior CELC so as to eliminate any chance of a commingled swap with one of the prior receivers of the 2% premine of the prior coin.  Obsession with this point has driven the founder of XLS to lose the point of the community and to demonstrate ignorance of the point of privacy coins.

The predecessor, CELC and the current coin, XLS are both based on privacy principles.  Yet at the last minute the founder insisted on full wallet inspections of any trade-ins.  That's understandable from an economic perspective, unacceptable from a privacy perspective.  In reconciling this obvious issue, one might expect that the founder would offer a standard of some kind.  I sent my wallet, a mix of mining and transfers from a partner.

I had the exchange below with the founder about my coins (157k, not a lot) weighed the value in spending time to get my partner's wallet, share it with this unknown person in exchange for coins that have no value.  Nosiree. I waited patiently for the swap and, with a mining partner, supported the idea of keeping it alive.

That's over, time to move on to other projects.


 For the transfers, founder says:


I ask what kind of proof, he says,


[edits, style, editor issues]

This is a hilarous ANN.  It's a 0% premine that's announcing miners are "not welcome" and neither are other pools "because pools are competition."

So why even announce this project?  Looks like a private learning project and you don't even want people around.  Saying that in a BTC Ann is the equivalent of setting up a public lemonade stand, sitting at the stand with a sign saying "LEMONADE NOT FOR SALE THIS IS JUST A TEST, DON'T COME BY WE DON'T CARE."

Good luck with this project.

This coin says "no premine" but has retained premine for 1:1 swap with the prior chain, Celestial.  I believe that we should watch carefully to see how this swap is administered and if it is done fairly, as this will speak to the founders intentions for the philosophy and future of the project.

I just read the Citicash white paper (it's short, basically a simple market study).  The thing that really caught my attention is who signed the White Paper.  It's signed boldly by "Johnny Citicash."

Huh?

This was the most unusual project --- a cryptocurrency AND an ICO running at the same time.  The ICO didn't meet any of the SEC requirements, of course, so Americans were blocked from participating.  But Americans could mine the coin themselves and buy it from other miners OTC.  All the while, Citicash kept promising an instant listing at the close of the ICO, etc.

None of this makes sense from a legal or regulatory perspective.   It looks like the founders said: "ok, ICOs aren't allowed in the USA so we'll make a coin that meets that requirement AND which also is available to the U.S. market anyway because the Americans didn't think of that, so gotcha!"

Is that work-around functioning?  I can't see CCH listed anywhere and from my perspective it's going to be going through a world of hurt. 

Not to mention: citicash?  With a logo and term that's similar to citibank and trademarked by them?  I don't think citibank thinks its too cool to have another company (this isn't a community project, it's a company) launch with a product that immediately hits their trademark.

Citicash has taken on a lot of fights.  I hope the investors make it through this.

UPDATE: the developers of the coin reached out and spent a lot of time with me to answer questions.  I'm convinced they have a solid product --- it's early stages but technically very interesting with the PoF/PoW combination. Interesting project.

Hello, I am reading the White Paper and trying to understand the coin’s basic plan, but there are a couple really serious holes. There are several typos and problems with readability but more importantly the Whilte Paper is flat-out missing core concepts in these two critical areas in the main “Description” area on p.1.  l’ll list them below and would be grateful for assistance in parsing this.

White Paper: https://github.com/NginProject/whitepaper
P.1, Description


^^ This is a core statement about what the coin does but the sentence ends and it’s completely missing.  The miner will do what?

Description continues,


^^I don’t understand what this means.  There's a lot here.  Could it be broken down?

Later there’s another wholly missing part right where the point is being made, it's just gone:


^^ OK, so replaced with what?

Thank you in advance for clarification of these core concepts.  Respectfully, I would also suggest that you put out a bounty for a native English tech writer to help with readability of the White Paper.  It  looks like it was written in a hurry, unfinished thoughts in many respects, and is very difficult to understand.  Thank you.

WTB 600 URX for $1,000 @ $1.66/URX (otc offer b/c I don't currently have a fiat/crypto acct)

Offer posted on URX Discord in #trade. @wildraven will escrow.

Also:  I've already donated $100 towards wallet and am offering another $100 donation as part of this transaction.  We'll be 50% there!

Congratulations on launching a zero-premine coin on an algo that really needs one.  It's a tragedy that these ASICs suddenly become eco-waste, and at the same time, I think devs have a responsibility to consider the environment when launching a new coin. 

Ironically, one of the most eco-friendliest choices is to revive an otherwise useless ASIC (these things are legit hazardous waste), so giving them more life is a good thing.  Plus Blake 2b is efficient.

Coin has not been very active on Discord, rumors are that dev is unavailable.  Curious for comments from community on coin viability (been here before with other projects, sigh).  Is it a dev that's just out working on other priorities, or is this an early zombie?

I wrote an update here a few weeks ago--
https://www.reddit.com/r/DEFT/comments/9okxqx/coin_update/