Ȼu Vault![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FP3gjBwr.png&t=665&c=sbqixX9FG85nKQ)
Introduction:
Copper is a chemical element with symbol Cu (from Latin: cuprum) and atomic number 29, hence employing
Ȼu as the logical ticker symbol for
Ȼu Vault, the brandable domain name TBD/TBA (henceforth: simply
Ȼu [temporarily]).
Ȼu is a stablecoin, an ERC-20 (ERC20) based utility token, soft-pegged to the intrinsic value (
IV) of US minted copper pennies (˘ents) dated prior to 1983, eventually having one billion (1B)
Ȼu in circulation; each
Ȼu and its market cap correlates to the spot price of copper denoted in U$D, each ˘ent "re˘ently" enjoying an approximate 95.2% markup over its face value (
FV) with copper trading at $2.83/lb (hence, the usage of “[soft-pegged]”; 145 copper ˘ents [$1.45] weigh one pound [1 lb]).
The primary utility of
Ȼu is the stablecoin on YuTü.Co.in's exchange -
YTC-Sox (
Yu
Tü.
Co.in-
Social E
xchange) - virtually incorporating a similar business model/practice largely advanced of late by crypto entities introducing their own flavor-of-the-month stablecoin, of which some are 100% uncollateralized like NuBits and Basis (
source), and at least one renowned VC model explored (same source) resembles a Rube Goldberg crypto-contraption on the surface, integrating more than two alts
to crack open one's proverbial nest egg as pseudo-visualized
VVV.
Applying the re˘ent spot price, 1B copper pennies – $10M (
FV) – has an
IV of $19,520,000 ($19.45M), of which
Ȼu is soft-pegged to the latter, dually backed by the
FV of the pennies and
YuTübopolis, Inc.'s YuTü.Co.in (at the onset and subsequently freely providing the highly secured storage facilities for the pennies at YuTübopolis Center [Nashville, TN], a
YouTube Space-esque campus, where the on-site
Ȼu Vault will be monitored 24/7 - viewable online - and routinely opened for public scrutiny).
Ȼu is the only stablecoin pegged to physical coins (US copper pennies) still in circulation, most others pegged to the US dollar that may or may not be collateralize ([try not to] think: Tether).
Historic Spot Price:Initial Stablecoin Offering (ISO):
On the Net, first we had Kickstarter, GoFundMe, Indiegogo, etc., as a means to garner funding for startups. Shortly after the advent of cryptos, the
ICO (
Initial
Coin
Offering) model became all the rage in crowdfunding ventures mostly in the crypto space. Then along came stablecoins, albeit not looked upon as a crowdfunding medium because of its overall intended purpose, but that doesn't stop one from thinking unconventionally, exploring the fuller potential of stablecoins.
Enter
Initial
Stablecoin
Offering (
ISO), with YuTü.Co.in as the first crypto startup to employ such a crowdfunding model, introducing its own stablecoin as a financial means to bring the endeavor to fruition, the details of which follows.
Visit
Summarization (below the fold) to read why and how
YuTü.Co.in and
Ȼu Vault are intertwined.
Early Bird In˘entives:A maximum 100M
Ȼu (10% total supply) will be distributed at the
FV rate, e.g. for $100 (10K pennies), a supporter receives 10K
Ȼu having an
IV of nearly double the purchase price according to the current/re˘ent spot copper price determination (2nd chart above and follow
accompanied link).
A minimum order of $50 via BTC, ETH or BCH applies, equating to a maximum 20,000 participants.
As an additional bonus, along with the first 125M
Ȼu allocated, supporters will cumulatively receive 125M YTC (YuTüCoin) at YuTü.Co.in's Pre-ICO price point ($0.05/YTC), namely a 10K
Ȼu purchase includes 2K YTC, both corresponding tokens simultaneously remitted to a provided ETH wallet address. Furthermore, supplementary
Ȼu spelled out as ancillary in˘entives below will proportionately be matched with YTC.
Available for a maximum 500 distinct orders, a max 10M
Ȼu (1% total supply) will be distributed at the
FV rate of one for two, e.g. for the minimum order of $100 (10K pennies), supporters will receive 20K
Ȼu having an
IV approaching 4X the purchase amount.
Available for a maximum 100 distinct orders, a max 10M
Ȼu (1% total supply) will be distributed at the
FV rate of one for four, e.g. for the minimum order of $250 (25K pennies), supporters will receive 100K
Ȼu having an
IV approaching 8X the purchase amount.
Available for a maximum 10 distinct orders, a max 4M
Ȼu (.4% total supply) will be distributed at the
FV rate of one for eight, e.g. for the minimum order of $500 (50K pennies), supporters will receive 400K
Ȼu having an
IV approaching 16X the purchase amount.
Available for the
FIRST 5 purchases of $100 (10K pennies), each supporter will receive 50K
Ȼu reflecting an effective
FV rate of one for five having an
IV approaching 10X the purchase amount.
A single 2M Ȼu (0.2% total supply) purchase is available for $2,500. We'll grant a one-off $10K purchase for 10M
Ȼu in lieu of the aforementioned from anybody interested in procuring such a lot size, of which will no longer be available if the 2M
Ȼu purchase for $2,500 priorly commenced.
A bare minimum 25% of the purchase prices will go toward the immediate procurement of copper pennies, temporarily held on account by
Portland Mint (follow link).
The table below
visualizes the in˘entives presented above followed by subscript annotations and the
Table Legend.
IN˘ENTIVES VISUALIZED
Orders...... (Max) | $/Min....... Order | $/FV....... Total | Ȼu Each | Ȼu Total | % of Ȼu Supply (1B) | $/IV Total | ......~ROI...... (IV) | Ȼu Vault Reserve (FV) |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
20,000 | $50 | $1M | 5K | ........100M........ | 10% | $2M | 100% | ......$625,000[1] |
500 | $100 | $100K | 20K | 10M | 1% | $200K | 300% | ......$31,250[2] |
100 | $250 | $100K | 100K | 10M | 1% | $200K | 700% | ......$6,250 |
10 | $500 | $40K | 400K | 4M | 0.4% | $80K | 1,500% | ......$1,250 |
5 | $100 | $2.5K | 50K | 250K | 0.025%..... | $5K | 900% | ......$125 |
1 | $2,500 | $20K | 2M | 2M | 0.2% | $40K..... | 1,500% | ......$625 |
| | | | | | | |
| | | | | | | |
20,616 | ......----- [3] | $1.2625M......... | ----- | ......126.25M........ | 12.625% | $2.525M | ----- | ......$664,500[4] |
1 $625,000 assessed via totaling the following (
in green):
- First 5,000 (orders) X $50 (min. order) X (.25) 25% = $62,500
- Second 5,000 X $50 X .50 (50%) = $125,000
- Third 5,000 X $50 X .75 (75%) = $187,500
- Forth 5,000 X $50 X 1.00 (100%) = $250,000
2 $31,250 assessed via totaling the following (
in green):
- First 125 (orders) X $100 (min. order) X (.25) 25% = $3,125
- Second 125 X $100 X .50 (50%) = $6,250
- Third 125 X $100 X .75 (75%) = $9,375
- Forth 125 X $100 X 1.00 (100%) = $12,500
3 Average Sale: $1,262,500 (
FV Total) ÷ 20,616 (
Max Total Orders) = $61.238
8436166 =
~$61.24.
4 $1,262,500 - $664,500 = $598,000 --> $598,000/$1,262,500 = ~
47.37% deficit (see
Summarization on how the balance will be redressed).
Table Legend:Orders (Max): Maximum allowable participants per in˘entive.
$/Min. Order: Minimum order per participant.
$/FV Total: Total face value (
FV) of
Ȼu remitted, denoted in U$D.
Ȼu Each: Maximum
Ȼu offered per participant.
Ȼu Total: Maximum
Ȼu multiplied by maximum participants.
% of Ȼu Supply (1B): Per˘entage of the one billion (1B)
Ȼu.
$/IV Total: Total intrinsic value (
IV) when the maximum orders per in˘entive are filled.
~ROI (IV): Return on Investment (ROI) per participant based on respective in˘entives and
rounding the approximate 94.5% markup per copper penny to 100% (double) for ease of calculations.
Ȼu Vault Reserve (FV): Minimum
FV of verifiable copper pennies on account, calculated at 25% (barring first 2 rows; revisit
[1] and
[2]) of
maximum orders times
the minimum order amount (columns 1 & 2, respectively).
BOTTOM ROW: If applicable, depicts tally of the columns of the preceding rows.
YTC-Sox Fees Exemptions:
The following will NEVER incur transaction fees on YuTü.Co.in's exchange,
YTC-Sox (
Yu
Tü.
Co.in-
Social E
xchange).
- All YouTubers registered as Lynspinz on YuTü.Co.in
- All YuTüCoin (YTC) purchasers prior to Beta launch of YuTü.Co.in
- All Ȼu purchasers prior to Beta launch of YuTü.Co.in
- All PAQ purchasers prior to and after Beta launch of YuTü.Co.in
To boot, there will NEVER be any trading fees assessed in and out of YTC or
Ȼu on YTC-Sox.
As the title of this thread suggests, the circulated US copper pennies pegged to
Ȼu will be amassed via physically hand sorting or, ideally, utilizing the likes of a
mining rig depicted above (cheaper rigs available; Google:
"penny sorter").
Stats:- [Depicted] Mining Rig Cost: ~$500 (we are NOT an affiliate)
- Current/Re˘ent Spot Copper Price: $2.83 (source; relatively stable as for gold, silver, etc.)
- Current/Re˘ent Intrinsic Value (IV) Over Face Value (FV) Markup: ~95.2%
- Copper Pennies in Circulation: ~15%
- Each Copper Penny Weighs ~3.11 gm (0.11 ounces)
- 145 Copper ˘ents ($1.45) Weigh ~1 lb (16 oz/0.11 oz = 145.45...)
- USPS Flat Rate Shipping Cost to Send $20 Worth of Copper Pennies (~11 lb; source): $7.20
- IV of $20 Worth of Copper Pennies (FV): ~$39.04
Commencing after Beta launch of YuTü.Co.in, we'll pay 120% over
FV for US copper ˘ents, thus for $20 worth of copper pennies sent to us, we'll remit $48 worth of
Ȼu (4,800
Ȼu) to one's ETH wallet address on account, earning $20.80 (100%+ ROI; shipping fully reimbursed).
Once we distribute 7.375% of the 1B
Ȼu as outlined above, we'll resort to allocating
Ȼu calculated at the [then] current copper spot price for US copper ˘ents sent to the
Ȼu Vault, of which the pegged-to coinage will be provably on account. Miners/sorters will still earn a positive ROI with the revised arrangement, more so than if opting to sell mined copper ˘ents directly for fiat via eBay et al.
Summarization:
Why:YuTü.Co.in's ICO was lackluster at best because priorly there never were adequate funds in our coffer to conduct proper, let alone robust marketing to introduce the concept to a wider audience outside this forum, Telegram, etc., as other crypto entities deployed, overwhelmingly resulting in successful ICOs.
By introducing
Ȼu as an at-first not fully collateralize stablecoin on our exchange, YTC-Sox, the funds garnered will afford a robust marketing campaign in advancing and developing YuTü.Co.in is short order, in turn replenishing the "borrowed"
Ȼu, erasing the temporary acceptable deficit.
The robust marketing alluding to above chiefly consists of paid-for placements of a professionally prepared press release, of which our earlier attempts can easily be considered missing the mark.
How:By conducting the very first ISO as outlined above, both YuTü.Co.in and its stablecoin,
Ȼu, will come to fruition.
After 20% of the 1B
Ȼu has been distributed -
12.625% + 7.375% via
mining/sorting (follow links) - all future
Ȼu lots introduced to the marketplace will be fully pegged to the fixed one-to-one parity of US copper ˘ents'
IV, with the coinage ultimately stored at the opened-for-scrutiny
Ȼu Vault.
Timeline:- Sell Ȼu, where no less than 25% goes toward procuring copper pennies
- Funds garnered from the sale of Ȼu go toward marketing of YuTü.Co.in
- Develop YuTü.Co.in while garnering additional funds from the sale of PAQs
- Ȼu added to the YTC-Sox exchange
- Replenish all the "borrowed" Ȼu
- Ȼu will be fully collateralize once reaching 20M Ȼu in the wild, with all future disbursements of Ȼu fully pegged to the IV each copper ˘ent in the Ȼu Vault
- YuTübopolis Center is procured and opened to YouTubers registered as Lynspinz on YuTü.Co.in
- Ȼu Vault is built and opened for scrutiny, located at YuTübopolis Center
Purchase Ȼu:
Purchase
Ȼu via any of the following crypto wallet addresses:
BTC Wallet Address: 1P3pKnd2DrgToyh7RogxWuu4WvbYCKsSs9
ETH Wallet Address: 0x12B18160999CD2aC767D4E547FA1A539C7Ea7245
BCH Wallet Address: qrcakxnf583fyvl9d6fj3vljfg7qrccll53tlqdak5
Please inquire if you have any questions or concerns.
Bruno