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Author Topic: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta  (Read 415096 times)
exokk
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January 26, 2014, 06:02:04 PM
 #21

I read that the distribution between the early bird adapters is proportional. Is it possible that an early bird adapter gets less EXO for 1 btc then a second-stage adapter if for example there are far less second stage investors then first-stage investors?

Cheers.

In theory you are right. It is possible that that can happen, however, it is very unlikely that this will be really the case. We are expecting an steady increase in attention and investments over the time till launch. That said we think that there will be more 3rd stage investments than 2nd stage than early bird investments. Additionally we have choosen the amount of total EXO that is given out to 15% (early), 10% (2nd) and 5% (3rd). Thus we do not think that there will be such many more earlies than 2nd stager at all. Because of the chosen stepping there must be more than 150% investments at stage 1 [if you set stage 2 as baseline (=100%)] so that you would get less for being early bird. Again, with increasing attention we would rather expect it to be at 80% instead of 150% or even lower.

Furthermore you could decide to split up your investments - lets say spend 30% of your desired investments as early bird, 30% at 2nd stage and 40% at 3rd stage or something like this.

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eXo_coin
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January 26, 2014, 06:20:03 PM
 #22

while this is true what exokk wrote - we have just discussed about that point. Although we think it is rather unlikely to happen at all we will do the following just in case that it will happen anyway:

lets assume that an early bird would get less EXO from his/her investment than a 2nd stager (both invested equal amount of course).

the early bird block (15%) would be extended -  in this case "stealing it" from the 2nd stage block (lets say 15% -> 17% and 10% -> 8% then). The procentual amount of the "stealing" would be choosen to be, so that early birds will get at least some EXO more than 2nd stager for the same investment to make it more fair (the earlier you invest the more risks you have the more EXO you want to receive). [this applies to the situation 2nd <->3rd stage unfairness, too ofcourse]

But as exokk already has written: We would naturally expect, that you get more EXO out of your (same amount of) investment at 1st than at 2nd than at 3rd stage even without the correction process that I just wrote down here.


I hope this will help you. In our oppinion this is the best solution to be fair to everyone and to honor early investors risks.

eXocoin team

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January 26, 2014, 08:07:15 PM
 #23

We are proud to present you the next generation coin eXocoin
Take a deep breath and start reading! It's worth it. Not another copy clone. 100% from scratch with innovative elements. Written in C++11
hybrid PoW + PoS System (IPO + free mail give-away + mining)

Escrow service possible! No need to trust us 100% while we did nothing other than writing nice text!


Developed from scratch! Not a single codeblock stolen or cloned from any other cryptos or somewhere else. It will be developed using C++11 and MinGW (cross-platform compiler).
eXocoin will be spread partly among investors. But even if you are not willing to participate in investing BTCs or LTCs at early stage - you can get your way into our coin, as well.

Several ways to become a stakeholder of eXocoin (currency abbreviation EXO)


A) Early-bird investor: Choose to become part of the next generation eXocoin! You can invest your BTC/ LTC until 15th February 2014. After then no early-bird investments can be done. open now!
B) 2nd-stage investor: You are afraid of being scammed? I know. I got the same feeling and didn't invest in NXT or similar coins. Anyway - eXocoin will be more fair and transparent than NXT in several ways. So you can choose to invest after the end of early-bird investments (release of whitepaper) up to the start of beta testing (to be announced - see timeline below).
C) 3rd-stage investor: You are still afraid of being scammed? No shame. I truly can understand that! You can decide to invest after beta testing has started up to one week before launch. You can see that everything is functional and ready for launch. Surley you will be convinced to make an investment at that stage Smiley
D) Mining: There will be room for mining as well! This is a PoW + PoS combined crypto coin. Mining will start some days after investors will get there coins just to get a smooth and step-by-step launch.
E) E-Mail registration on our website. You can register for free. Just choose a nickname and enter your bitcointalk username. Only serious bitcointalk profiles are considered (you will get an email with a confirmation if accepted): Your account must exist before 23th of January 2014. If you are serious but only have a newer account then PM me.
We will not use your mail address for anything else  than activation and distribution of the eXocoins.
F) Trading: no exchanges so far. Of course you can exchange p2p on bitcointalk or elsewhere right after the launch.

9% super block for paying you interest rates once a month (think of bank accounts) until this block will be empty. After then you get an interest through transaction fees (but considerably lower than before). The money you will get is set to be proportional to the uptime of your node and account balance (just let the binaries running, no cpu or gpu usage, can be used with an older laptop) ->PoS.
1% super block: given away 100% for bounties or donations!

There will be a total of 100,000,000 EXO after mining is done. Mining will be completed within six month. So at launch there will be 55,000,000 EXO and six month later 100,000,000 EXO. No more can ever be made by anyone. No inflation can happen. Due to the fast end of mining it is expected to get a higher price per unit at the end of 2014. Also, no ASICs will be build for this coin.
Of course you can consider to go more than one way. However all your investments may not exceed in total 1.5 BTC or 50 LTC.

Bounties: (to be announced)

 
Fairness & Transparency

You can donate only values between 0.005 and 1.5 BTC (0.2 to 50 LTC). We do not want any larger stakeholders as its the case in the NXT community right now! We want to spread and split EXO as much as possible among the community! With the upper cap we want to encourage smaller investments!
If - by any reason - this project is about to die: You will get a 100% refund of your investment.
We really hope to get the eXocoin alive as a long term coin. We do not want to create a pump&dump clone like those that are everywhere right now. A widley spread initial handover (achieved by the 1.5 BTC / 50 LTC cap) prevents from someone (and from us) dumping large amounts of EXO once it hits an exchange!
The source code will be release after the launch. I am sorry, that we will not provide the code on launch, since copying and cloning it would be very easy. And nowadays cloning seems to be very modern...
Anyway the code will be released! You will have to wait maximal one month after the launch for it to get published (partially or with bug injection - not compilable at that moment). Then there will be bounties if you detect and report security flaws or if you can make real improvements that are chosen to be part of the next version(s). Once We are convinced, that there are no security issues within our sourcecode we will make  100% of the source public! So from that day on you can compile it yourself and can be very sure its not a scam, virus, trap door etc  and it will be fully functional!
Mining will start really smooth and fair. There will be empty blocks at the beginning so that there is no need for a hustle on launch time. Just take a cup of coffee first and then start your rigs ;-) [empty blocks will be there for about 1 hour].
You can use an escrow service! See below for details. We cannot think of being more fair Smiley

Mining
- 6 month mining frame
- No ASICs will be involved ever in eXocoin (mining frame is too short to produce an ASIC in time)
- fair launch - starting with empty blocks
- GPU friendly
- saves procentually more electricity the more hashpower you have (more information about this soon)
- no premining

Risks

 
- This is what most of you are worried about: On of us just could take your BTC investments and have fun with it (scamming). Well first of all the 1.5 BTC / 50 LTC cap prevents that someone invests too much money initially. If you are really concerned about this aspect, then please do not get an early-bird investor. Just wait to get a 2nd/ 3rd-stage investor if  you are more sure about the concept of eXocoin (after whitepaper release, betatesting etc) or wait for the mining/trading part. It is up to you! We do not push anybody here.
- Someone could steal all investments: This is not likely to happen (highly secured offline wallet and backup)
- The project will not launch. This is not a risk at all for you since we will refund 100% of your investments in this case! We do not want to make quick profit with a coin (otherwise we would create a pump&dump coin in one day or quicker). We want to change the crypto-scene. We want to be the next gen crypto (I would see this as 2nd gen).
- for sure there are more risks to be concerned about Wink

NXT vs eXocoin

NXT has already launched and has much talking about. No doubt. eXocoin is not a descend or clone or anything related to NXT. Its coded from scratch. There will be features that NXT do not have. And it will be fully open source one day. You cannot be 100% sure that NXT do not have a hidden trap in there current binaries or something.
We don't want to blame NXT. It has great innovation! What we are concerned of is that about 75 people are holding the vast majority of the whole crypto. That is what we want to change with eXocoin. The wider it spreads the better! Preventing pump&dump from a single individuum to crash the exchange rates to 0.
NXT does not have a mechanism to prevent typos in transactions or to detect swapping bits in transactions. eXocoin developer will invest a high amount of time to make transactions safe! Typos will be detected as well as swapping bits within network or computer layer. You do not have to remember an address of someone. You can register, buy and sell aliases for them decentrally!

Feature list

- basic wallet GUI and commandline-tool , account overview, send and receive EXO
- block explorer integrated
- register, sell and buy aliases within the client (decentral, p2p market integrated!)
- chat system: chat with any alias/ account you like decentrally
- attach messages within a transaction (e.g. a reference id etc)
- auto-update (can be turned off in option menu if you like to compile it yourself), enabled by default
- highly secured transactions: error correction, detecting swapping bits (and more in whitepaper)
- secure wallets: Using a random file (created by the gui/cmd tool) or a file of your choice (image, sound file, system file etc). Only you should know what file is needed for your authentication. Then you could store your 10,000 photos from your last holiday on an usb stick. Only you will know what special picture will unlock your account!   
- News about eXocoin development, announcements, exchange rates etc will be provided within the gui/cmd tool. If it comes to decissions that will affect the whole community (new features), than you will have the opportunity to vote decentrally within the client for or against an idea and see transparantly the results of the vote.


Extended feature list (planned to be integrated on launch day, but will not delay it)

- p2p decentral exchange within the GUI/cmd-tool! [BTC <--> EXO only] with anti-fraud protection for both parts of the exchange!
- more will be announced in the whitepaper.
 


Investment

if you like to become an early-bird investor, than feel free to transfer to the following bitcoin/ litecoin address (only 0.005 to 1.5 BTC [0.2 to 50 LTC] will be considered [If you want to use escrow service - see below].

BTC
1CdK3k3kgyn8rhhUihcF1ZpFmwmzFLai6Y
LTC
LLD1kRPRNQuTMqEDFGjatczaAnxzXBvr8a

After transfering write me a PM with the following:
- transaction ID (TXID)
- mail address or account that was created on our website for email-free-giveaway (then the mail address provided there will be used) -> you will need access to this mail account on launch day to receive your equivalent of your investment!
Thus we can prevent someone sending 10x1.5 BTC to gain any majority - since we will check the profile of the one who PMs me with the TXID. If you would like to increase your initial investment (e.g. spend 0.1 BTC as early bird and then 0.1 BTC as 2nd stager and 0.4 as 3rd stager) - feel free to do so. Just do not exceed 1.5 BTC / 50 LTC in total.
To make this transparent you can observe the account anytime online:


Addresses for 2nd and 3rd stage will be delivered on time.

on launch day every investor will receive an email with further notice. So it is essential that you and only you have access to the mail account you provided us.

Escrow Service
Yes you read right! We do accept escrowed transactions! You send your bitcoins/ litecoins to a trustworthy thirdparty organization of your choice. There is no disadvantage for you over the direct transfer to our address except that you have to handle the additional fees for using the third party service!

see this section on our website for further details.

Timeline

1) announcement: 24th January 2014 on bitcointalk exclusivly
2) early-bird investors can invest BTC/ LTC until 15th February 2014 23:59:59pm UTC
3) releasing whitepaper on 16th February - start for 2nd-stage investors
4) starting BETA within testnet (you are welcome to participate in this, just check our website for joining. Will be announced soon enough.): to be announced (late february or early march 2014) - start for 3rd-stage investors
5) go-live: ETA mid of march 2014
4) mining day! (will be shortly after the go-live)


Status

basic client/network functionality: DONE
website: Online, in steady progress
running testnet: Online  [alpha version right now]
whitepaper: In progress


 
Social

Twitter:    https://twitter.com/eXoCoin
Website:   http://exocoin.org







As stated - nobody can guarantee this will be a success, however, we truely believe that eXocoin has great potential and it will provide essential and new features. It is developed by several good software architects and programmers with university degrees in IT that are very familiar with C++11. C++11 will ensure high client speeds. It also will run on any windows vista or newer computer without any additional software (like java would need). It will not need .NET installed.
We will refund all investments back if this project will not launch. The investment will go to a BTC (LTC) address on a highly secured computer - running a light linux distro, freshly installed, nothing else on it, just the encrypted wallet! And a backup on three encrypted sticks in a safe.
There is no premine for the mining part! We as the developers will only have your investments as a payment for our work. We will invest with our own bitcoins like anyone else can do as early-bird investors at max 1.5 BTC / 50 LTC!

Please share your thoughts. Good suggestions are always welcome. Me and my team will do the very best to get eXocoin working - to have a smooth and fair launch and to keep it longterm as a real next gen crypto. Not a pump&dump action. We want to change the crypto scene permenantly!



#update: To ensure that early investors (who are facing higher risks) will get more EXO for 1 BTC than a later investor for 1 BTC* the following mechanism will kick in in the unlikely event that this will happen: see the topmost and second-topmost post of page #2: click
*if way more investors decide to invest at stage 1 rather than stage 2 (not impossible but very unlikely)



LOOKS LIKE A DAVID STANTON TYPE SCAM!!!! -digeros
shoichikun808
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January 26, 2014, 08:17:53 PM
 #24

With escrows being allowed. It puts a lot more value behind this thing compared to all those fake-IPO's that were released in the past.
miramare
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January 26, 2014, 09:18:57 PM
 #25

It seems that eXo got few attentions.
Until now, there are only ~20 replies.
It could be a potential success or another scam?
Can't answer yet.... Keep watching.
eXo_coin
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January 26, 2014, 09:39:03 PM
 #26

well would you mind to tell us why you think this is scam? Just tell me what we could improve to convince you of the opposite.

We already advertising escrowed transactions (thanks for indicating this again, shoichikun808) and open beta.

Agreed, miramare, attention is quite low at the moment.

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January 26, 2014, 09:44:37 PM
 #27

THIS IS A SCAM

Where is the whitepaper?
Where is the client?
Where is the Technical papers?
Who are you?
Where is your dev team?
Where is your forums?
Where is your ethics?



You come asking for IPO to rape and rob investors. All the hard work and effort put into this IPO has been wasted.

This is a 100% scam. Stay away from this shit.



If you want to lose your btc, then invest in this. Simple as that


exokk
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January 26, 2014, 10:45:02 PM
 #28

I just want to emphasize that you can use escrowed transactions. Those investments cannot be scammed technically.

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January 27, 2014, 03:45:58 AM
 #29

the core team contains of me (eXo_coin), exokk (a member with a bit longer history here on bitcointalk) and exo_li (he created a new account for this project). You can PM and write to any of these persons. All of them are writing on the source code and taking activly part in the architectual and security design of eXocoin. All three have university degrees in IT and experience with P2P mechanisms.  People beyond the core team don't interact on bitcointalk at the moment.

Thanks for your info.
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January 27, 2014, 12:00:05 PM
 #30

Now, I can say at least 80% possibility this is a SCAM.

1. exe_COIN is a brand new account.
2. exokk is a member. However, when I search his previous posts, I found all of his posts are to express interest on some new coins ( such as a lot of nxt clones) or to ask for giveaways.  All of his posts revealed him as a totally miner and a fail investor. The most funny thing is exokk has even been scammed by Aeoncoin.   I can't expect a 2nd generation coin dev is in such a suck stage.

So say bye to you, bro.
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January 27, 2014, 01:23:30 PM
 #31

Now, I can say at least 80% possibility this is a SCAM.

1. exe_COIN is a brand new account.
2. exokk is a member. However, when I search his previous posts, I found all of his posts are to express interest on some new coins ( such as a lot of nxt clones) or to ask for giveaways.  All of his posts revealed him as a totally miner and a fail investor. The most funny thing is exokk has even been scammed by Aeoncoin.   I can't expect a 2nd generation coin dev is in such a suck stage.

So say bye to you, bro.

I agree this sounds like bullshit. However many cool features if it is real.
eXo_coin
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January 27, 2014, 03:12:49 PM
 #32

Ok I can understand that some of you are worried about this partly IPO. Please consider to get involved in the mining part or at least subscribe for the free mail giveaway. You cannot have any drawback if its free and simply done with some clicks (instructions here -> see E) ). And I hope that you will read the whitepaper when it is released and stay open minded.


your eXocoin team

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January 27, 2014, 03:15:07 PM
 #33

it could be a scam but i don't think so. anyway if we are getting in on the free giveaway there is nothing to lose.


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January 27, 2014, 03:27:01 PM
 #34

I LOL'ed at this and nearly spat my coffee out when my brain farted with the word "SCAM"

I LOL'ed even more when I saw their own website with this :-


Contact

support[at]exocoin[dot]org
superresistant
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January 28, 2014, 10:42:19 AM
 #35


Dude, it is nice to try to be fair but what's the point of your currency ?
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January 28, 2014, 10:47:37 AM
 #36


Dude, it is nice to try to be fair but what's the point of your currency ?

A decentralized p2p trading system between 2 separate currencies would be pretty huge imo. Not sure how it can be done and if they can do it.
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January 28, 2014, 01:03:34 PM
 #37

Dude, it is nice to try to be fair but what's the point of your currency ?
A decentralized p2p trading system between 2 separate currencies would be pretty huge imo. Not sure how it can be done and if they can do it.

It is about to be done by Nxt devs. If eXocoin can finish it before it would be interesting but it will be hard. Maybe eXocoin decentralised exchange will be better, I don't know.

Good luck anyway.
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February 01, 2014, 03:00:03 PM
 #38

Even if it turns out that its not a scam the interest to this coin/thread is very low which means the price could be lower then the investment...
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February 02, 2014, 01:53:48 PM
 #39

It sounds interesting, especially the way of IPO, but we all dont know its detail, just like gamble. keep watching that and get free coin. Cheesy
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February 04, 2014, 03:31:10 PM
 #40

I wanna ask how can i know i get the giveaway from the email, there is no reply after i enter my bitcointalk name in your website.
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