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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] XCloudcoin | Beta Invites | Profit Share | Decentralized anon |1 Millon
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on: August 09, 2014, 12:41:27 AM
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Yes unfortunately believeing it was 3% premine.
1 Everyone is paying the same price for CLD, no one is going to want to dump for cheap, not even the devs. 2 The price will increase because no miners were involved and less dumping. 3 If 500,000 or less coins are sold, the price will rapidly increase because it will be severely under priced. I personally think you are worrying over nothing. You have a valid points because most IPO/ICO coins are dumped due to bonus offered to early investors and miner getting it for cheap because you can't calculate the fair price for the mining period. Everyone paid the same price in XCloudcoin so the price will hold up.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] XCloudcoin | Beta Invites | Profit Share | Decentralized anon |1 Millon
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on: August 08, 2014, 08:04:09 PM
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Not yet but if xcloud reveals an unknown public desire to pay cryptocurrency for on-line storage these big companies will be able to start taking Bitcoin or anything else pretty much instantly. It would be turn-key for them. They don't take crypto now because their marketing departments haven't identified a need. What is the reason consumers will use this service instead of Google, Amazon, Microsoft, Dropbox, etc. all of which offer more-or-less the same services with easier payment options (credit card, etc.) more security, mission critical infrastructure, 24 hour support and a legal fiduciary responsibility to do the utmost to keep the data on their systems extant and as secure as possible.
Do they accept crypto-currency ? Are you saying XCloudcoin will be leading innovation in cloud solution.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] XCloudcoin | Beta Invites | Profit Share | Decentralized anon |1 Millon
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on: August 08, 2014, 04:13:51 PM
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In Sync program, one commits not to sell the coins during 3 months. Is it the same here ?
I think Profit Share is a good idea, You have 1% PoS and 14% Profit from XCloucoin every month. This can serve as a source income for many buyers. Please implement profit share for non-ico buyer after the ICO ends on Monday. I didn't want to download the pdf. Could someone just give the highlights of the profit share plan as you understand it ? I see where you need a 1% holding ie at least 10,000 CLD to participate .. Maybe make POS higher ( say 5% ) for people who can't or won't buy 10,000 CLD and reduce profit share to 10% .. same total percentage payout, just re-slicing the pie Nice concept .. I like it .. TIA Triff .. Initial Coin Offering Buyer's Profit Sharing Plan
XCloudcoin's profit sharing plan is designed to provide periodic XCloudcoin distribution to plan members based on business profitability of the Xcloud file hosting solution.
Plan Rules • Minimum holding of 10,000 XCloudcoins. • Applicant must send in their registration email to XCloudcoin profit sharing plan administrators along with the required proof of ICO purchases. • Coins must be transferred from the Bittrex account to the applicant's address within 1 day after ICO ends and not moved to another wallet. • 90% of the coins must remain in the wallet to qualify for the next month profit. • The distribution schedule is determined by the XCloudcoin management team. • The allocation will be in proportion to the buyer's original stake in the ICO, eligibility requirements, or some other formula. • XCloudcoin will be distributed rather than cash or Bitcoin. • A share of the profits each month is placed in an XCloudcoin trust fund and this is allocated to participating ICO buyer's along with their share of the accumulated interest in the fund.
INCENTIVES As a member, you are eligible to receive: • 14% profit sharing bonus. • ICO buyer's badge on the forum and website. • A beta access to our services, including the anonymous email system and a free month of service with 100GB once the beta stage ends. • Participation in the XCloudcoin profit sharing. • Participation in the XCloudcoin file hosting account giveaway contest for plan members • Business accounts will be given away with 1TB of data storage. • Premium accounts will be given away with 500GB of data storage to investors.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] XCloudcoin | Beta Invites | Profit Share | Decentralized anon |1 Millon
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on: August 08, 2014, 05:47:46 AM
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Actually i just realised...
Premine was 150k of 5 million which is 3% Now Premine of 150k of 1.15 million is 13%.
Why has the premine coins stayed the same with the reduction of the total coin supply? The premine should be 30k our of the million.
Please see our statement regarding the premine. Due to the pre-agreement with investors, we are unable to change the total number of the premined coins. XCloudcoin - Transparency Report
We are committed to transparency and in order to build trust we have voluntarily agreed to disclose the XCloudcoin premine distribution plan to ICO buyers. Spending of the premined coins will be approved by XCloudcoin Foundation which will consist of the development team, investors, and other community advisers.
The XCloudcoin Team received a loan of $25,000 from private investors for the file hosting development costs which will be repaid using the operational costs.
20% Xcloudcoin signup bonus program 30% Promotional Campaign 50% operational costs
Why cant we sell the ico ? Coin is disabled on bittrex. This is just crazy if there is 25btc worth meaning just for simplicity you have 250k coins and premine is 42%. Go back to the 5 million figure! Then distribute all coins based on % invested. Why do you want to sell a coin that is still in ICO phase?
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] XCloudcoin | Beta Invites | Profit Share | Decentralized anon |1 Millon
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on: August 08, 2014, 02:43:32 AM
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XCloudcoin - Transparency Report
We are committed to transparency and in order to build trust we have voluntarily agreed to disclose the XCloudcoin premine distribution plan to ICO buyers. Spending of the premined coins will be approved by XCloudcoin Foundation which will consist of the development team, investors, and other community advisers.
The XCloudcoin Team received a loan of $25,000 from private investors for the file hosting development costs which will be repaid using the operational costs.
20% Xcloudcoin signup bonus program 30% Promotional Campaign 50% operational costs
Thanks for being open about the premine.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] XCloudcoin | Beta Invites | Profit Share | Decentralized anon |1 Millon
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on: August 05, 2014, 05:26:23 AM
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Nice to see the buy order building up.
People are starting to notice the potential. What price do you think the coin will go for after the ico ? 0.0002 BTC - 0.001 BTC But it depends on how quickly the dev rolls out the features. Hopefully the business plan will tell us how many users the xcloudcoin team are targeting for the storage cloud coverage. With mass promotion and giveaway they should be able to connect to 500-2000 cryptocurrency users that rely on cloud storage. Nice profit.
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