All of the 1 billion comes from the 2-4 week mining period. After that, PoS is used to run the network. There is a 2% yearly stake reward to support PoS mining.

It's a freebie, mate... Cynical much?

Victims of stackcoin,

I am one of the team members of GreenCoin. I would like to offer you a free 0.02 BTC to be used towards our IPO. Please contact me if you are interesting in claiming this.

https://bitcointalk.org/index.php?topic=499080.0

We will be very happy to prove you wrong.

In the case of stackcoin, all payments were directed at one address. The problem with doing that is there is no way to prove who sent what. Transactions are all public knowledge, after all. I could just watch the block chain for incoming money, and then claim I was the one who sent it. No one else would be able to prove otherwise. This should have been a big warning sign that stackcoin never intended to deliver on his promises.

Me? I'm just the fellow tasked with being the front-man. As for the GreenCoin Team, that would be composed of myself plus the other 2 individuals working on this project.

Whois protection comes free with domain registrations these days. There is no reason to not have it. Even more so when you're involved with cryptocurrency. We're all playing around in uncharted territory here. Having your identity exposed is a liability. But if you don't mind, then why don't you tell us who you are?

No one is forcing you to invest. Weigh the risks/rewards and decide accordingly.

The coding of the client is already complete. You can see some screenshots at http://getgreencoin.com/greencoin-ipo-redemption-instructions/. Not sure how else I can alleviate concerns without releasing it.

No plans to deal with escrows due to how we have the system set up. I'll give you a quick rundown of it. When you place an order, you give us your GreenCoin address, and you're given a unique payment address. This info is all entered into a database. On launch day, we can run a script that will go through the DB, check if orders have been paid for, and pay out an appropriate amount to each person that invested. The whole process is really easy for the users, and it's even easier for us when it comes time to pay everybody out, no matter how many investors there are.

Should have one available at launch.

50% to IPO investors, 50% to miners. Mining period will last between 2-4 weeks, and the mining reward you can expect to receive will be steady, no matter how many people are mining. This is in contrast to other coins where the average reward decreases as more people are mining the coin.

Due to tragic circumstances, GreenCoin has been canceled. We are now beginning the process of refunding all investors. Please read the following post for more information: https://bitcointalk.org/index.php?topic=499080.msg5580893#msg5580893

It will be interesting to see if this rally will continue or if prices will dip back down to where they started