We aren't launching it, yet, but I feel it is ready for its own thread. This will be where we launch the coin and the new blockchain
Fairly soon, we will be launching a second coin. It will be very similar to
Maieuticoin, but with a few small changes. First of all, the mining phase of the new coin will be completely eliminated. There will be a maximum of 1,000,000 coins, attainable only during the "ICO" Phase of the coin
Very Similar, but Very DifferentThe new coin will fill a gap that we are not going to fill with
Maieuticoin. Anonymous sending. We debated for a long time whether or not we wanted to add this feature to
Maieuticoin and decided against it for one reason. Currently, crypto currencies are in a spot where we need to be extra cautious. For this reason,
Maieuticoin will never have any anonymous features. This ensures that, long term, merchants and vendors can feel safe accepting it knowing the coin will allow them to easily follow all Anti Money Laundering and Know Your Customer laws on a blockchain that is
completely secure, due to offline staking
"ICO" PhaseThis is where things get much different for this situation. We will not be accepting BTC for the ICO. The only way to buy into the new chain will be with
Maieuticoin. This is to ensure our investors and supporters will not be left behind, and those only interested in extras, such as the Multipool, Mobile App, and many still-announced features and services, will still have a place to call home. The ICO is in quotes, because we aren't raising funds for anything. Any projects we have in the past and the future have been and will continue to be 100% funded by the development team, with no premine or fundraising ICO for either chain
Who gets the ICO Funds?Nobody. All the
Maieuticoin traded in for coins on the new chain
will be destroyed. These coins will be sent to an invalid address and removed from the chain forever, lowering the total supply. Not only will this help combat the inflation due to Proof of Stake, but it will also allow investors and supporters to choose which project they prefer with no issues. We will have a very public address used to collect the
Maieuticoin being traded in so there is a public record of the balance to be destroyed
The new chain will have a max of 1,000,000 coins in the "ICO" Phase, with a trade in rate of 500:1 - This means for every 1
Maieuticoin you decide to switch to the new chain will award you 500 coins on the new chain.
Maieuticoin currently has about 2100 coins in circulation, which is how we arrived at the 1,000,000 max for the "ICO" Phase. All unsold coins on the new chain will also be destroyed in a similar fashion as
Maieuticoin; Invalid address with unretrieveable Private Key.
Nobody will keep any extra coins on either chain. We are NOT raising funds
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