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Author Topic: [ANNOUNCEMENT][ICO]--MOTACOIN--LOS ANGELES BASED MARIJUANA DIGITAL CURRENCY  (Read 21338 times)
Jahvinci
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March 18, 2018, 03:43:30 AM
Last edit: November 26, 2019, 09:43:59 PM by Jahvinci
 #1




Welcome to the official MotaCoin bitcointalk page!

Check out our newly designed Website!

BTC~~https://www.MotaCoin.net~~BTC


What makes MotaCoin different?

MotaCoin has adopted the approach of the Ripple and Stellar, when it comes to recruiting new businesses to their platform. Ripple and Stellar both had pre-mined an amount of coins that is being given to relevant businesses in their target industries. For Ripple and Stellar, that means banks.

We liked that idea so much, we decided to apply that novel approach to MotaCoin!

We've set ourselves apart from our competitors, due to the fact that there will be a 10 million coin premine with the sole purpose of industry adoption. No other marijuana coin has any amount of coins with the expressed intent of giving them away to the target industry: Marijuana Dispensaries. If you have been watching the marijuana altcoin market for years, as I have, you undoubtedly noticed that the entire sector seemingly froze. Very little progress toward mainstream adoption. You rarely, if ever, hear about dispensaries accepting these coins as payment. And in my opinion, the reason for that is this: Dispensary owners are going to want a stake in it. If they are going to train their staff on how to use crypto, in terms of point-of-sale commerce, then they are definitely going to want to make sure they have enough of that coin to make the trouble worthwhile. I haven't seen any other marijuana coin that sets aside pre-mined coins with the sole purpose of giving away to dispensaries in order to give them incentive to join the network. MotaCoin is the only one in our sector doing this.

How is that going to work exactly?
Each dispensary will be offered tiered packages
The terms of each package will be put together in a contract. The terms are listed below.

Tier 1 Package: 100,000 MotaCoin
  • Acceptance of MotaCoin as payment
  • Place our MotaCoin banner on business's homepage
  • Allow a MotaCoin poster to be hung within view of the main area of business
  • Allow a brochure box to placed next to their Point of Sale terminal
  • Must agree to give 5% of their principal coin holdings to their customers (in the form of give away's and promotion's)
  • Note: Each time a dispensary signs on, there will be a public announcement.

  
Tier 2 Package: 75,000 MotaCoin
  • Acceptance of MotaCoin as payment
  • Place our MotaCoin banner on business's homepage
  • Allow a brochure box to placed next to their Point of Sale terminal
  • Must agree to give 5% of their principal coin holdings to their customers


Tier 3 Package: 50,000 MotaCoin
  • Acceptance of MotaCoin as payment
  • Place our MotaCoin banner on business's homepage
  • Must agree to give 5% of their principal coin holdings to their customers


Tier 4 Package: 25,000 MotaCoin
  • Acceptance of MotaCoin as payment


Discord



Algorithm: X-13

Proof of Stake: 8% - 12% (Variance depending on Coin Control settings, and stake weight management)

POW: 46,900,000 MotaCoins over ~10+ Years [/size]

Coin Supply: 100 million + PoS Inflation

Launch Date: We are live as of March 18th 2018!


Linux
Windows
Mac
Raspberry Pi



We're launching this project from the belly of the beast. Los Angeles, California.



Launching from Los Angeles provides the MotaCoin project with a decisive advantage. That advantage is a blend of culture, diversity, and most of all...tons of marijuana dispensaries. To give you an idea of what we're looking at, take a peek through the lens of weedmaps.com:



This is just a small fraction of the playing field available for the MotaCoin team. With this magnitude of dispensaries available, there are countless opportunities to be grasped and limitless possibilities to be explored. Take the sheer numbers of weed retailers combine it with the cultural phenomena that is cryptocurrency, and it will deliver in creating an opportunity most people couldn't dream up.

Think about it, of all the industries that blockchain technology is affecting, which among them has a greater need for decentralized payment systems than the emerging recreational marijuana market. The Los Angeles marijuana market is being taken by storm given the recent legalization approved by US citizens. This legalization doesn't solve all of the marijuana markets problems though. The banking aspect of these businesses has typically not looked very bright. However, with the introduction of Bitcoin and other cryptocurrencies, the entire payment infrastructure is being innovated. The need for decentralized payment systems with these marijuana retailers is becoming increasingly apparent as time moves forward.

We have a unique approach toward recruiting dispensaries to join the MotaCoin network. Unique in a sense that no other marijuana coins have tried, but not unique in the sense that it's been tried and tested by both Stellar and Ripple. Both of those coins premined amounts of coin with the sole purpose of giving it away to industry leaders and players. That's what we're doing. We're premining a large portion of coins to be given to dispensaries at no cost, as incentive for them to join the network and experiment with our new payment tech. Not only are we giving away coins to dispensaries, we also have a sizable portion of coin that is destined for air drops and give aways.

As an incentive for people to park value in MotaCoin, there is a max 12% annual inflation rate due to the POS(Proof of Stake) feature called "staking". This breaks down to 1% growth on your principal amount every month. In order to reap the full 1% each month, your wallet must be powered and online for the entire time period. The optimal 12% stake rate is intended to compete with wall street investments, which typically return 6-9%. With an annual 12% principal growth rate possible, it's definitely worth looking into.





Coin Distribution
  • 46.9% 46,900,000  for Mining (Proof of Work)
  • 10% 10,000,000  for Dispensary Recruitment Fund
  • 11.5% 11,500,000  for Development Fund
  • 30% 30,000,000 Initial Coin Offering @ $0.25 each
  • 1.6% 1,600,000 Bounties / Give Away
  • Plus a 12% Annual Staking/Interest Rate!


How will the Proof of Work coins be released?

All 46,900,000 MotaCoin will be released as follows:
                          
RewardUp To Block Number
   0.42     10,000
     75     61,742
     65     123,484
     55     185,226
     50     246,968
     47     308,710
     44     370,452
     41     432,194
     39     493,936
     37     555,678
     35     617,420
     33     679,162
     32     740,904
     31     802,646
     30     864,388
     29     926,130
     28     987,872
     27     1,049,614
     26     1,111,356
     25     1,173,098
    21.81     1,234,509




Join us on our first official mining pool Lucky Altcoin!
LuckyAltcoin.com Pool

1% Fees, Payout every 2 hours with balances over 0.01, no registration needed!

Code:
-o stratum+tcp://pool.luckyaltcoin.com:3633 -u <WALLET_ADDRESS> -p c=MOTA



MOTACOIN NOW ON BlockChainDepot
https://blockchaindepot.io/

How to Start Mining
Code:
Code:
-a x13 -o stratum+tcp://blockchaindepot.io:3633 -u WALLET -p c=MOTA



www.Motacoin.net - Launched as of March 18th, 2018 - Los Angeles based Marijuana Digital Currency!
www.Instagram.com/Motacoin OR Join us on Discord!  -  https://discord.gg/KMJrZZp
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vinayak2628
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March 18, 2018, 04:13:38 AM
 #2

Do you have any bounty campaigns?
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March 18, 2018, 04:56:29 AM
 #3

Much better launch with a very nice and informative ANN.  Very well done compared to your last  ANN. i am certainly impressed with the huge improvements made.
Great JOB

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Imaha486
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March 18, 2018, 05:16:49 AM
 #4

MotaCoin test pool x13(fee2%)

Baikal Giant+ (x13 algo)
URL stratum+tcp://63.142.252.188:5002
Algo  x13
User YOUR_WALLET
Pass x
But, No block found now.
If found, Currently, block reward is limited to 0.42 Mota.
In other words, you mine it now, you lose. This is a volunteer.

Jahvinci
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March 18, 2018, 05:30:26 AM
Last edit: October 06, 2019, 09:23:13 PM by mprep
 #5

MotaCoin test pool x13(fee2%)

Baikal Giant+ (x13 algo)
URL stratum+tcp://63.142.252.188:5002
Algo  x13
User YOUR_WALLET
Pass x
But, No block found now.
If found, Currently, block reward is limited to 0.42 Mota.
In other words, you mine it now, you lose. This is a volunteer.

The block reward has been, under the Beta test, 0.042 MotaCoin per block. There have been several warnings in discord and on the mining pool Luckyaltcoin.com, that this was Beta and the coins are not going to be kept. We are launching for real, tomorrow, and the mining reward of 75 blocks per coin does not kick in until after the ICO. In the meantime, the coin will still be available to be mined and THIS TIME, you may keep whatever coins mined. The mining reward is going to be very small until the end of the ICO. The reward until the ICO ends is going to be 0.42 MotaCoin per block. This is 10x higher than the past two weeks in beta. So any coins lost via mining over the past week will easily be recooperated.



Do you have any bounty campaigns?

Yes we do, we are hashing the details out. Any suggestions?

www.Motacoin.net - Launched as of March 18th, 2018 - Los Angeles based Marijuana Digital Currency!
www.Instagram.com/Motacoin OR Join us on Discord!  -  https://discord.gg/KMJrZZp
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March 18, 2018, 08:04:46 AM
 #6

nice ,look good
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March 18, 2018, 01:34:51 PM
 #7

reserved for translation in Hindi (Indian).

All the best to dev team.
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March 18, 2018, 01:57:11 PM
 #8

do you have translation bounty??
reserved for indonesian translation if yes
xxkaiwaxx
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March 18, 2018, 11:43:15 PM
 #9

Any windows wallet? So we can setup our miners?

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March 19, 2018, 12:24:54 AM
Last edit: March 19, 2018, 02:47:29 AM by bones261
 #10

Any windows wallet? So we can setup our miners?

The new wallet hasn't been released, yet. If you want to get a jump on it, you will have to try and compile it yourself. I'm electing to be lazy and will wait.

Edit:Wallet available now.
Jahvinci
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March 19, 2018, 03:09:44 AM
Last edit: October 06, 2019, 09:23:28 PM by mprep
 #11

We are live ladies, gentleman, and nongendered dragonkin!



DEV Can you please apply to Vicex? Its free to list coin. We just need 200 votes after you have listed the coin.
LISTING RULES! Every Monday, Wednesday and Friday, according to the voting results, one coin passes into the Planned. Minimum votes need to be 200. If you have not collected 200 votes - your votes are not reset.

you can vote every 24 hours

for sign up follow this link: https://acc.vicex.io/signup.php?invite=35c4e048-251b-4109-b5f467edf231
then vote on this site: https://acc.vicex.io/acc/listing

For info :   VICex.io is tracking vote for IP+Account so do not create number of account and vote from same PC for same coin. Otherwise ACC may get banned before it got listed.

Thank you for the link, I went ahead and submitted MotaCoin!



Much better launch with a very nice and informative ANN.  Very well done compared to your last  ANN. i am certainly impressed with the huge improvements made.
Great JOB

Thank you very much. I can't tell you how much hard work went into this.

www.Motacoin.net - Launched as of March 18th, 2018 - Los Angeles based Marijuana Digital Currency!
www.Instagram.com/Motacoin OR Join us on Discord!  -  https://discord.gg/KMJrZZp
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March 19, 2018, 05:30:45 AM
 #12

Great. Keep it going. Goodluck to the team
miner2k18
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March 19, 2018, 10:02:44 AM
 #13

I want to start mining this coin, what all do I need to do to start mining it ? Any help? Thanks
Jahvinci
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March 19, 2018, 06:03:40 PM
 #14

I want to start mining this coin, what all do I need to do to start mining it ? Any help? Thanks

You can use a mining pool such as luckyaltcoin

www.Motacoin.net - Launched as of March 18th, 2018 - Los Angeles based Marijuana Digital Currency!
www.Instagram.com/Motacoin OR Join us on Discord!  -  https://discord.gg/KMJrZZp
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March 20, 2018, 04:21:52 AM
 #15

nice ,look good
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March 21, 2018, 01:16:20 AM
 #16

so the block rewards will increase after the ICO on 3/23 right?, not on 4/10 after launch?
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March 21, 2018, 02:31:33 AM
 #17

so the block rewards will increase after the ICO on 3/23 right?, not on 4/10 after launch?

It says in the OP. Rewards increase when 10k blocks have been mined.

Date is irrelevant.

Although, would be nice if i was wrong. No doubt about that.

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March 21, 2018, 03:15:36 AM
 #18

yeah I read another post that said "The mining reward is going to be very small until the end of the ICO. The reward until the ICO ends is going to be 0.42 MotaCoin per block."   then I saw it changes reward at block 10k in PoW table. so I guess ico will be over around the time we hit block 10k.
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March 21, 2018, 03:22:42 AM
 #19

yeah I read another post that said "The mining reward is going to be very small until the end of the ICO. The reward until the ICO ends is going to be 0.42 MotaCoin per block."   then I saw it changes reward at block 10k in PoW table. so I guess ico will be over around the time we hit block 10k.

I think the Dev is expecting to wrap up to ICO about April the 10th. However, the price he is going to be asking per coin is rather inexpensive. I think the ICO has a good chance of selling out way before then. Could be wrong.
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March 21, 2018, 03:47:23 AM
 #20

I think this is a good project I will participate in this ICO until ICO is over.
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