bitsta... can you please clarify (i'm having a little trouble deciphering the OP).

-how many coins sold during the IPO?  (total coins, both phases)
-how many total coin supply?

thanks!

50% IPO seems so high.. Wont the coin get dumped as soon as the price go up? 50% of total marketcap already in the hands of a few dozen people

Whats the algo going to be?

Thank you!
Check PM from me please

2nd PoI stage available ? can i sent btc ?

I think 30 days is reasonable for this coin, but I'm open to other interpretations =)

I think with the amount of interest this coin has generated from both a mining perspective and from investors it is reasonable to assume that a large number of individuals will get in on the early mining phase as a way to get invested in this coin.

After the first 2 weeks though I personally would be unsure whether to keep mining this coin without a more concrete knowledge of the value, so after that I would probably point my miner back to known value coins. I believe that other miners would also operate like this, and if they do, the majority left mining would be farms which take longer to find out about coins like this but then once they do, they usually hit it hard. That usually happens at around the 2 weeks point. Just look at Shadowcoin, it was planned for a 30 day POW phase, but after 12 days it got hit with a heavy amount of hashing from unknown sources and so it cut the POW phase short.

I think this is an example of why a shorter POW phase for a coin like this will result in better distribution by encouraging individual miners who get in early to solo mine, rather than the big farms and pools taking over after a couple if weeks and making it hard for the little guys to mine any coins.

My 0.02 ROOT

so these new packages are at 2x the original offering price?  just want to clarify.

AWESOME!!!

 The last 50 packages will be
sold for +50% of the initial price to provide a benefit for early investors.

who (from where)are the last 50 packages?

Having PoW mine almost no coins benefits no one. Even as a small investor with just 0.25 BTC I feel it's deeply unfair, can't imagine how non investors feel about it. Under current arrangements it's practically just a 1 million coin limit coin with over 95% of coins given as an IPO which only really benefits big investors with 1 BTC + invested in IPO of which there's only 24 people.

It wasn't even clear in the OP that PoW was only going to be mining so few coins.

If we want this coin to obtain a good value long term we need day traders trading it on exchanges which creates volume. Right now we just have a handful of investors who are probably all 'waiting for the moon' which means we won't get much volume at lower prices and the market won't even get off the ground. If the market doesn't get going on this coin then sentiment won't go bullish. There is more to a market than just tech, it needs liquidity.

Even miners that dump the coin early are dong a good service, providing liquidity to allow a coin to trade at a high volume early on. TrollBoxChamp owns 5% of all coins, CollegeStudent 5%, 'anonymous' guy 5%, oilgoose 4%. that's around 20% of coins owned by four people.

I don't know really know what to say. It's up to bitsta because this isn't a democracy and it's his coin we can just give our opinions. But this does make me worry as I think the alt coin community and investment mindset is very much driven by sentiment towards the coin which may be a lot better with a fair PoW.

I only found this coin yesterday, so I missed out on the IPO.

Even still, I would not buy in to an IPO with such an unfair coin distribution. There is no future for a coin that is only distributed among 50 people. This is my honest opinion.

If you want this coin to survive long, even medium term then you need to ensure that it gets distributed at least reasonably fairly. At least an even share between miners (33%) and investors (33%) and leave the rest for the POS (34%).

That is a much more fair distribution and will result in a healthy coin.

The QQ group you give is actually on PSEUD and AERO,
Here is a QQ group decidated to ROOT:  385168018

Dev ,are you chinese , dev?

create a poll for the algo, go with the votes, i prefer SHA.

dev we were wondering about the 5 minute blocktime and 5 reward. That would make PoW over 100 years but you said PoW is 10 days + 14 days.

24 days or 100 years?

90% of this funds will be transfered into an public wallet and only used for project-related investments.
10% will be used for the dev-team.


how about some bounties for translation or article or twitter promotion?

@ dev plz update the list.

Another vote for Scrypt from me!

What date will POW start?

@dev: will there be second PoI for late investors like posted in previous posts?