thanks. i'm working on models to give much more value into zen coins. will be published when ready (don't expect it to be ready tomorrow:) )

Our twitter account is back into my hands (ohad)

The official launch date will be published ahead of time.
it will be in the OP and on major website in order for everyone to have a fair opportunity to participate. 

"Zennet has the potential to drastically reduce the cost of computational power and bring new magnitudes of speed to HPC consumers": http://cryptobizmagazine.com/zennet-decentralized-cloud-network-releases-details-of-zencoin-presale/

80% will be sold. 10% now for price discovery. but the plan is to sell them all before the genesis block. if we won't be able to sell them all, we'll destroy what remains. the dedicated 4% will be spread to the people. the remaining 16% will be used for building and maintaining the products etc.
people rent their power are getting paid in Zencoin.
There will never be an IPO since it's not shares we're talking about. We sell a commodity.
The tokens will be distributed to their owners when the network begins working. We might consider a slow distribution in order not to flood the market.

The main reason that BTC is inadequate is that the Micropayments protocol might require an initial time of  even 30-60 mins until the computational job will begin. This is of course unacceptable (even 5mins aren't).

Because there are no future profits.
The payment on Zennet is directly between the provider and the publisher (bidder).
No middleman at all. No fees. We (nor others) don't make a dime after the Genesis block is out.
In addition, using existing coins is impossible due to technichal reasons (also discussed on this thread).

Hi All,
Following are the pre-sale details.
The date isn't 100% final yet, and maybe not only the date. We keep the right to make some minor modifications till the final date announcement.

Launching the Zencoin Pre-Sale


First of all, we would like to thank the community for their interest in Zennet and for their patience regarding the launch of the Zencoin pre-sale.

Zencoins will be pre-sold by sending Bitcoins to a fixed address that will be given on our website http://zennet.sc. Bitcoins will have to be sent from an address that you own, for example Bitcoin Core or Bitcoin-QT wallet, or from Blockchain.info. Future address verification, for the sake of Zencoins distribution, will be done safely via the Sign Message mechanism, with a fallback option to other methods of verification.

This pre-sale focuses on the Bitcoin community, of which Zennet's founders are proud members. We believe that this community understands the future of decentralization better than anyone else.

In this pre-sale we will sell 10% of all future Zencoins that will exist. The community will set the price. The coins will be distributed proportionate to the amount each buyer bought in BTC/USD (average) value (in order to be fair to all buyers disregarding BTC ups and downs. It doesn't matter from our side), and not according to a fixed price.

This price-discovery sale will precede other sales that are intended mainly for the global crowd (via cryptocurrencies or fiat money), such as corporations, academia, research centers, etc. Any future selling of Zencoins (by the Team) will only occur at a price higher than the price set during this initial pre-sale. This is to ensure that the early adopters are rewarded by having purchased zencoins at the cheapest possible price point.

The following is our high-level roadmap:
    Q4'14: Pre-sale campaign launch. Core development.
    Q1'15: Core development. Worldwide corporate and academic marketing.
    Q2'15: Functional beta.
    Q3'15: Zennet release.
    Q4'15: ZenFS beta.
    Q1'16: ZenTube beta, ZenFS release.


Additional documents providing further details on the sale as:
- Terms and Conditions of the Zencoin Genesis Sale
- Zencoin Product Purchase Agreement
(To be published soon)

Additional terms:

- Zencoin will NOT be usable or transferable until the launch of the genesis block with the official Zennet platform release.

- Ongoing Zencoin generation, similar to mining, is not planned for Zennet. Upon the launch of the genesis block, all coins will be distributed to their owners, except for 8 percent of the Zencoins that will be retained for the Zennet Team, and another 8 percent of the Zencoins that will be retained for community applications and bounties.

- An additional 4 percent of the Zencoins will be retained for supporting initial network growth. These coins will be spent on the network to create resource demand and incentivize the joining of new nodes during the early stages of the network. These coins will be fairly distributed to the network participants as they will be used to continuously rent computing resources until the coins are exhausted, in order to bootstrap fast network growth and early adoption.

- All other unsold coins will be destroyed when the official Zennet network launches.

- The estimated launch date for the genesis block is Q3 2015.  Up till then we will be working hard on developing the product. We have already recruited a full development staff, and have began development months ago.

- The tentative date of the pre-sale is mid-November, exact date will be published ahead of time.

- Zencoin is a token being used only for a certain commodity (namely computational resources). It is NOT a security, a currency or an investment offering. Zencoin is simply a token useful for renting computational resources on the Zennet platform after its development is complete; it does not give you voting rights over anything nor shares in some kind of profit, and we make no guarantees of its future value. Also, we do not and will not make any plans to make Zencoin a general purpose currency. It's solely intended to be used within the Zennet network as an in-application computational resource credit.

InsideBitcoin TLV conference was a great success. Thank you to all the people that came to our booth and expressed interest in zennet.
We made a promotional video for the conference which can be seen here:


                  link to youtube video!

Please joins us on #zennet at freenode

Ohad Asor was invited to present Zennet on a Big Data & Crowd Computing Conference in Amsterdam

Partial LinkedIn profiles list now appears on bottom of OP.
Note that we began making the transition from Xennet to Zennet.

Feasibility research was done intensively and is reflected from the public technical documents, which are deep and wide far more than common in new crypto projects.
Up to now, even with media exposure and a bounty, no one found a flaw.
You're welcome to check our dev's LinkedIn and get some impression about the ability, this in addition to the professional documents.
We will gladly get into any public technical questions, questionings, discussion, suggestions etc.
So take some time to read the docs, and you might find a flaw and win the bounty!

Not only open source, but fully decentralized, no middleman, we can't earn a penny once the system is out.

Let me know what is your CHA stake and I will bet only with that amount - sounds fair?
Plus you are leading at the moment by a lot.

Thank you for your interest about Xennet.
Full details about the presale will soon be given (~1 month).

We at Xennet are committed to top quality. That’s one of the reasons why Xennet article, RFC and SDD are publicly available; but merely making them public, doesn’t accomplish anything if people don’t read them.
 
For this reason, Xennet bug bounty provide an opportunity for people who find a serious flaw in our plan to be compensated.

We offer 1 BTC to the first person that points out a serious flaw in our plan to build xennet supercomputer, that will cause us to make a change accordingly.

Note: The RFC and SDD documents still describe the traditional VM design. The current design as described here at BTT and in Xennet article was written after we have moved to OS virtualization, among some other changes.

Maybe listening to the podcast (see on bottom of the main post) will give you some introduction.

The provider will able to block (or limit) any network connections outside the publisher's box (we might block it by default to avoid such concerns). Providers may block data persistence as well. They will also be able to work with specific trusted publishers (such as a University). That's where the beauty lies - it's an open and free market. It's all up to participant's decisions and preferences, including the pricing.

As for security on the provider's PC itself, it all runs in a restricted VM and the publisher does not gain elevated access even inside the Docker box, not to mention elevated or non-elevated access to the VM containing the boxes, not to mention access to the OS running the VM.


Yes, each step is required for any single pair of publisher and provider, and this points to why we need a dedicated coin.


Yes.

Let us tell something about supercomputers: the fastest one in the world does 33 Petaflops. Like 8000 AMD 280X GPU, which exist maybe in every average western city. They hired 1300 engineers to build this giant computer. And still, not every researcher gets instant access to it..