Can US/Singapore citizens participate in the ICO?
Denarius is not an ICO. Anyone can participate in mining, staking, or trading. It is an open source cryptocurrency.
if this means it is not ICO
where does the project get the funds to run its project?
what this means is just a coin for mining
ICOs are a scam imo and nothing but false promises. ERC20 tokens are nothing special imo. To make an ERC20 Token (An ICO) it would take someone with no coding knowledge about 5 minutes to make it with 10 lines of Solidity code and $10.
Denarius is a peer-to-peer cryptocurrency based off the original older Bitcoin Core code with modifications based off Novacoin and Stealthcoin and other new features that aren't in other coins or haven't been seen before like Tribus the PoW hashing algorithm, Multisig, USD/BTC Estimated Balances, Market Info, NodeJS Web Wallet, etc. everything about DNR is open source free for the communtiy to use/view/distribute/modify just like Bitcoin or other P2P cryptocurrencies. Denarius like Bitcoin and other cryptos is its own full protocol and network unlike ICOs and tokens. DNR has an JSON RPC API that you can use with the denariusd (Denarius daemon) to create external applications that utilize DNR (which currently there is a ton of use cases, the NodeJS Web Wallet, just being one.)
A project doesn't need funds upfront to run, it just takes someone that has the passion and skills to succeed and stick with it.
Your coin is way better than other young coins, but it isn't profitable to mine.
There are a lot of younger coins with crappy wallets, no real whitepaper or sites that are more profitable to mine.
I think that many people are afraid to invest (hash or money) in Denarius because you had a big premine (10% of total coins) and at this time I think you own more than 50% of the total coins.
To gain trust of the community I think you should be more transparent with the premine coins. You can tell us how many coins you still got from the premine, the accounts that you store them, on what are you planing to spend them, etc.
You can also lock some of the premine for a period of time (until the coined mined > than premine for example) so people won't be afraid that you can dump your coins, take profit and leave.
All the best and good luck with your project!
PS Why you got -2 on Trust? (I didn't had time to read all 100+ pages for the explanation). Maybe you can put the explanation on the ann so the newer people don't make a bad opinion of you.
a lot of good profit coin not make more profit at early. like btc , eth , zec , zen
other young coins make profit in 1-3 month and it gone dev is bump and dump coin change to shit coin and dev go to new project and do it agian.
im think dnr is good coin dev doing step by step.
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