A totally new approach to the cryptocurrency world by VialCoin

[vitriol]

 Hello everybody. I'm a long time member and follower of bitcointalk.
 I think Bitcoin is great, but it could be better, so in my humble attempt to bring a positive change into the cryptocurrency environment, I started https://vialcoin.com.
 
When complete, Vialcoin will be the only cryptocurrency that charges 0.01% per transaction in favor of the standard nominal 0.001

 Although it's just a verified token on the Waves platform at the moment, and still in it's infancy as a project, I believe it can do a lot of good for a lot of people. Consider Bitcoin will reach 10.000$. Each transaction will cost 10$. As the price grows, and miners become largely privatized, Bitcoin will stop being a cryptocurrency for the people, and all other crypto's have the same inherit flaw in design.

 A crypto that charges a % and gives all back to the miners, is a cryptocurrency that treats people equally, and one where you can always spend 10$ worth of Vialcoin at a reasonable rate, no matter how much a ViC is worth.

 Below I will post the coin's early distribution plans:

Vialcoin initial distribution & roadmap
VialCoin total 84 mil

Developer share : 100.000 ( coins will be invested in our market that will be linked to the coin, thus just adding further value )

3.900.000 in free tokens and ICO-s as follows:

– Stage 1: – 1 mil giveaway in two phases: 100 coins per user to the first 5.000 registered accounts, 50 coins per user for the next 10.000 accounts.

– Stage 2 : 900.000* First ICO for 0.03 WAVES** (at this stage, the displayed price is only symbolical, and does not show the actual price at which the ICO will be launched).

Set-up full node on Waves
Set-up self hosted coin
Set-up a user friendly communication channel between our wallet and the Waves wallet.

– Stage 3 : 1.000.000  giveaway to registered users in two phases – 10 coins per user for the next 50.000 accounts, and finally, 1 coin per user for the next 500.000

– Stage 4 : 1 mil* second ICO will be hold at a nominal % greater than our first ICO

* We have put aside 100.000 total ViC for bounties, but we will add more, and reduce the total of the ICOs
**A pre-ICO sale will be available, in order to cover operational costs. A total of 10.000 ViC will be for sale for 0.02 WAV/ViC, out of the first ICO.

 

 Any feedback is greatly appreciated. To find out more please visit https://VialCoin.com.
 
Thank you

[vitriol]

Up! Rewards available for early birds.
No MLM, no referral schemes, no restrictions for withdrawing. Make sure you get in with the first wave, totally free of charge

[vitriol]

Learn here how our cryptocurrency works in Alpha mode, and how you will benefit from joining our network https://vialcoin.com/more-about-vic/ 
 

[iTradeChips]

are you planning to run signature and social media campaigns?
how about translations bounties? if you need i can translate to Filipino/Tagalog.
thanks and best of luck to your project ! 

[lvsca]

if bounty has started, i will reserve indonesian translation.
and following sign camp.

[cjrst8]

joined and sent a PM with wallet address, excited to see where this project goes, good luck dev!

[vitriol]

are you planning to run signature and social media campaigns?
how about translations bounties? if you need i can translate to Filipino/Tagalog.
thanks and best of luck to your project ! 

  Thank you very much for your interest.
 I will set aside 100.000 ViC out of the ICO funds to offer as bounty for both translations and campaigns, but they will start at a later time.
 Since you are the first one to offer your service, we have locked in Filipino/Tagalog on your name. I will come back to this thread and let you know first when ready.
 Best wishes

[vitriol]

if bounty has started, i will reserve Indonesian translation.
and following sign camp.

Bounty will be available very soon. Locked in Indonesian translation on your name. In the meanwhile, you can still claim the free coins from becoming a member and commenting with your Waves wallet address.

[vitriol]

joined and sent a PM with wallet address, excited to see where this project goes, good luck dev!

Thank you and welcome. 100 Vialcoins sent

[vitriol]

 Learn more about Vialcoin at https://vialcoin.com/more-about-vic/, most importantly how we will work after the first ICO and how you will benefit from having some ViC's in your waves account.
 Don't miss out.

[strongman75]

I will help you a Vietnamese translation on my website. May the project succeed

[jyotianand01]

i just signup and send my wave wallet address in comments to get my 100 coins and waiting for more details of ICO.

[TheGodson]

I signed up. How will I know when I get 100 coins? Is that only available when the fist release of coins come out?

[vitriol]

I signed up. How will I know when I get 100 coins? Is that only available when the fist release of coins come out?

We had quite a few new users registering over the week-end. Can you confirm if you received your coins please? If not can you post your waves address which you used in the comment?
 You get the tokens in your wallet asap, and they earn 0.5% interest paid monthly, until coin is fully developed and ready to mine

[vitriol]

i just signup and send my wave wallet address in comments to get my 100 coins and waiting for more details of ICO.

 Thank you for your interest in Vialcoin.
We had quite a few new users registering over the week-end. Can you confirm if you received your coins please? If not can you post your waves address which you used in the comment?

 There is a pre-ICO sale of 10.000 ViC, about 80% still available. 8.000 ViC have been put through the Waves DEX, 5.000 for 0.02 WAV/ViC and 3.000 for 0.025 ViC. The remaining 2.000 will be for sale through e-bay, the first 1.000 will go for £0.09/ViC, and  I have some special sale in mind for the remaining 1.000 ViC. There's that, plus some of the users that decide to sell early, but as you can see, there's not many of them, since people who actually read and understand what I'm trying to build here, know that this is a coin that will have great value https://tokendb.oceanlab.eu/distribution.aspx?asset=Gh8Ed6n1y9wscFHT6s4EH6uhKajvNQ88oPkkFkYkgXyX

 As for an official ICO, we will have our first one after the give-away campaign has finished and we have gathered 15.000 registered users. It's a new, and quite controversial concept, so it's hard to predict an actual date of the ICO.
 Hope this helped
 

[vitriol]

I will help you a Vietnamese translation on my website. May the project succeed

Much love ♥ and thank you for understanding that we will all own this. There is no fairer cryptocurrency

[VackFromOhm]

Seems like a great idea to finally have a fair currency. Definitely going to be watching for this setup when it gets off Alpha.

Question: On the wallet page with the details of the handout, it says the coins will only be sent if we connect with a facebook/LinkedIn account. Is this true? Didn't see it anywhere else. Thanks.

[vitriol]

Seems like a great idea to finally have a fair currency. Definitely going to be watching for this setup when it gets off Alpha.

Question: On the wallet page with the details of the handout, it says the coins will only be sent if we connect with a facebook/LinkedIn account. Is this true? Didn't see it anywhere else. Thanks.

 Hello Vack. Yes, it's true, since at this stage is a much better way to prevent duplicate accounts than e-mail alone.
 To be a fair cryptocurrency, we have to attempt to make it less anonymous. For when we'll launch, we will have a totally unique identification system. To be a part of the mining pool, you will have to identify yourself, but will not have to upload any ID card or proof of address, no sensitive data will be stored on the website, other than your selected profile pic and name.  
 From outside the blockchain you will still be anonymous, but you will be you, and you can have only have 1 registered wallet in the network.
 Since the entire network will be owned by miners, and since every miner's full capacity will be limited to be affordable, for this coin to be a true people's coin, registration is a must, and it's one of our biggest challenges as well.

[VackFromOhm]

Seems like a great idea to finally have a fair currency. Definitely going to be watching for this setup when it gets off Alpha.

Question: On the wallet page with the details of the handout, it says the coins will only be sent if we connect with a facebook/LinkedIn account. Is this true? Didn't see it anywhere else. Thanks.

 Hello Vack. Yes, it's true, since at this stage is a much better way to prevent duplicate accounts than e-mail alone.
 To be a fair cryptocurrency, we have to attempt to make it less anonymous. For when we'll launch, we will have a totally unique identification system. To be a part of the mining pool, you will have to identify yourself, but will not have to upload any ID card or proof of address, no sensitive data will be stored on the website, other than your selected profile pic and name.  
 From outside the blockchain you will still be anonymous, but you will be you, and you can have only have 1 registered wallet in the network.
 Since the entire network will be owned by miners, and since every miner's full capacity will be limited to be affordable, for this coin to be a true people's coin, registration is a must, and it's one of our biggest challenges as well.

Awesome, thank you. This is such a good idea I'll make a Facebook account for it right now. I already commented my wallet address though, so am I not eligible or should I delete my comment and recomment after I make my account?

[vitriol]

Seems like a great idea to finally have a fair currency. Definitely going to be watching for this setup when it gets off Alpha.

Question: On the wallet page with the details of the handout, it says the coins will only be sent if we connect with a facebook/LinkedIn account. Is this true? Didn't see it anywhere else. Thanks.

 Hello Vack. Yes, it's true, since at this stage is a much better way to prevent duplicate accounts than e-mail alone.
 To be a fair cryptocurrency, we have to attempt to make it less anonymous. For when we'll launch, we will have a totally unique identification system. To be a part of the mining pool, you will have to identify yourself, but will not have to upload any ID card or proof of address, no sensitive data will be stored on the website, other than your selected profile pic and name.  
 From outside the blockchain you will still be anonymous, but you will be you, and you can have only have 1 registered wallet in the network.
 Since the entire network will be owned by miners, and since every miner's full capacity will be limited to be affordable, for this coin to be a true people's coin, registration is a must, and it's one of our biggest challenges as well.

Awesome, thank you. This is such a good idea I'll make a Facebook account for it right now. I already commented my wallet address though, so am I not eligible or should I delete my comment and recomment after I make my account?

Just post the same address with your facebook login.  You are still eligible, no worries

[vitriol]

Just to clarify, Facebook and LinkedIn login are done through official API. The login app does not give us access to your password, friends, post, messages, not even your pictures other than your set profile picture, and never posts anything on your wall.
 

[TheGodson]

It appears as though the payment went through. So since it is in the wave wallet is it using the wave blockchain so to speak? Also is there any particular reason why you picked 84 million as the total cap of your coin?

I've read that the mining process for this coin will be different than bitcoin and other altcoins. I'm excited to start mining. 

[vitriol]

It appears as though the payment went through. So since it is in the wave wallet is it using the wave blockchain so to speak? Also is there any particular reason why you picked 84 million as the total cap of your coin?

I've read that the mining process for this coin will be different than bitcoin and other altcoins. I'm excited to start mining.  

 Hello
 Yes, at the moment it exists on waves blockchain as a verified token. I've picked 84.000.000 for a few reasons. It's 4 times the cap of Bitcoin, it's easy to calculate and keep track of my give-away campagin https://vialcoin.com/wallets/, and with only 4 mil in give-away bounty and ICO, it will be scarce enough to keep some value, so it's tempting for investors and new users registering. If all goes well, by the time we launch our network will be 500.000 strong, and a ViC will be worth @1$.
 
 I'm really looking forward to start mining it myself, but it's very difficult to approximate a date, since this project has goals set per no of users registered.
 Mining power will be limited per user (wallet). Still working out the initial cap, so for now will say 1GH/user. I would like the mining cap to grow by 5% / year. This means, everybody who runs the miner 24/7 earns the same. This, combined with a network that charges a % as a fee, makes it the only coin that charges fair for transactions, pays the miners fairly.
 
 The way I envision the mining process is not easy to achieve, since it's a mix of PoW and PoS, and a whole new language might have to be written. I'd like to do a whole lot more, but for now, stripped to it's bare essentials, it's down to the % fee + mining power capped
 

[vitriol]

Upgrade to V Alpha 1.03a

  Upgrade complete

Look redesigned and functionallity of the website greatly improved. In the next updates we’ll enhance the social aspect even more, and in the final version each user will have a “wallet” tab under it’s profile, where all transactions are visible to all network. All cards on the table, all the time. With a little detective work, this can already be done using member&wallet page and the Live Distribution Feed

After we launch, the wallet tab inside your profile will be private for the greater public, and only available to other Vialcoin registered users. As our network grows, further measures will be added in order to avoid duplicate accounts. At the moment we’re 2 users away from 1% (150 registered users who claimed).

After this point new user profiles will be vetted further. We will consider date of account creation & activity, and reserve the right to refuse any account that looks suspicions from claiming the give-away. If only people would share instead of trying to cheat, it would give their 100 coins a lot more value than 200 Coins each if all cheat. At this stage it’s all about a fair and overall even, early distribution. We are putting in countless hours in addition to most starting capital, and only took 100.000 ViC out of 84.Mil, not only because we believe in our mission, but because here at Vialcoin we mean business when it comes to fairness.

For the final stages we are exploring options for implementing Biometric Blockchain Sollutions. It’s a very efficient way to keep accounts unique, and offers a chance to the least fortunate of this world to join our network, with only the help of a smartphone and a bit of guidance perhaps.
 https://vialcoin.com/blog/upgrade-to-v-alpha-1-03a/Read full post