[PRE-ANN][FTR] FutureCoin – Initial Investment Period! – Descendant of Nxt

[Futurecoin]

http://s27.postimg.org/jc9pnnf9f/Futurecoin_Final_v3_smaller_Copy.jpg

Why Futurecoin?
Futurecoin is a derivative of NXT with several different defining features from the get-go – including its distribution (see below). We are not focused as much on being revolutionary as we are in taking all of the best, working features of other digital currencies and implementing them into our currency (not limited to NXT development).

Cryptocurrencies are the future and will continue to take off. The only question is, are you going to be part of an obsolete/uncared about clone currency, or are you going to own one of the currencies pressing the envelope of the most innovative technologies released?

Distribution Details:

There will be 21 Billion coins total – exactly 1000x the total amount of Bitcoin that will ever be released.
Futurecoin functions by Proof of Stake.

99% of the coins will be distributed to pre-announcement investors based on how much you contribute during the investment period.
1% of the coins will be held for long-term development, bounties, etc.


Investor contributions must be .05 BTC or greater. Deposits less than this will be considered donations.
Limit of 100 BTC per person/entity to prevent hoarding.

We have implemented a .05 BTC minimum because we want to ensure a smooth launch, and in that we would rather have fewer but more sizable initial investors than a horde of tiny investors which could detract our attention away from more pressing matters. If you want to invest less just wait until after the release. Not to mention, .05 BTC is less than $50 as of today, which is a pretty minimal investment in practically anything in which you seek a noteworthy return.


There will be 5 stages of investing:
The first 10 pages (in this thread: https://bitcointalk.org/index.php?topic=439296.0) receive their share at a 400% multiple of their investment (ie: 1 Bitcoin has the weight of 4 Bitcoins)
Next 20 pages receive 300%
Next 30 pages 200%
Next 40 pages 150%
All pages after will be at 100%

For example: If you invest 1 Bitcoin in the first stage (in the first 10 pages), and a total of 500-weighted Bitcoins are invested over the 5 stages, your 1 Bitcoin has a weight of 4 Bitcoins, so you would receive .8% of the total supply of FTR released on launch day(of which 99% of the coins will be released to investors with 1% held for development).
We have designed the currency distribution this way so that the earliest & most loyal investors are rewarded with the greatest share. You can invest multiple times during the investment period but we strongly encourage you to invest as much as you can as early as possible to maximize your share.


Make your investment by sending Bitcoins to the address here:
1AGbECWMuhrCfhJUrdERmCQE5mAhytBTfh
(Remember: minimum 0.05 BTC, maximum 100 BTC, per person/entity)

After contributing to the investment, make a post here and include your transaction ID and the amount.

The founder’s investing period will have an end date 1 month after the pre-announcement posting (Feb. 28, 2014) after which the coins will be distributed and v1.0 will be released. (We may end the investing period earlier or later depending on the volume of investment).

About Futurecoin:

Futurecoin vs. NXT
One major problem with NXT was its distribution – the lion’s share was released without a broad public opportunity for investment- we want to fix that, and we want you to be able to be rewarded based on how much you invest. So here is your opportunity to get your fair share of a coin before it reaches sky-high prices!
Some basic initial goals of Futurecoin include: changing its wallet-address system to one similar to Bitcoin (a combination of 30 letters and numbers vs. Nxt’s current 18-20 numerical wallet address’), being able to pay less than 1 whole unit (such as .01 Futures(FTRs), and implementing other features that have been employed in other digital coins and have been tested to work properly and safetly.


Futurecoin vs. other NXT descendant
As explained above, Futurecoin strives to implement the best features introduced in Nxt, Nxt descendant’s and other alt coins.
Futurecoin is also different in that in our initial funding period, you are allowed to invest virtually as much you want - because there won’t be flocks of people taking the coins for free just because of the sake of being free and later dumping them, you can be sure everyone who has any Futurecoin has SKIN IN THE GAME.


Other major benefits:
There is an abundance of advantages to Futurecoin vs. the vast majority of coins currently available on the market and we are very passionate about our vision of having these benefits realized by our investors. In closing, some of the benefits in relation to investing in Futurecoin include:

-No inflation. Most coins are faced with an increasing supply and thus constant downward pressure on their price, not with us— our supply is fixed from the start, much like the fixed supply of physical gold and silver. This also allows tremendous room for the coin to appreciate in value especially considering the enormously increasing attention alternative coins are receiving.

-Everyone who will have our coin has bought their share- no freeloaders means a much lower risk of dumping and thus provides more coin stability.

-REAL mass publicly-allowed distribution (You can buy virtually as much as you like and there’s no “hidden” supply like Nxt and various other coins)

-Because the coin is Proof of Stake, it is more secure. In recent times the community has become more concerned about 51% attacks and while Bitcoin and many other old-fashioned alt-coins are vulnerable in their traditional design, Futurecoin has a dramatically reduced risk and thus can experience much more price stability (if not a dramatic price increase) in the case of such an event occurring.

Current Bounties:

[10,000 FTR]Promote us by putting the code below in your signature here and PM us that you have (keep in signature at least 2 weeks)
(and thank you for your support!):

Code:

[b][size=14pt][u][color=red][url=https://bitcointalk.org/index.php?topic=439296.0][color=red]Futurecoin [FTR] | Initial Investment Period | [color=red]Earliest investors get the most![/color][/url][/size][/b]

[5,000 FTR] Share a link to our page on your Facebook
After you do, send us an email at futurecoinftr@gmail.com with with a link to verify it, will be paid during distribution.

[1,000,000 FTR] High-quality translation to Chinese

[100,000 FTR] High-quality translation to any other language
Send us a link to your posted translation (in the Altcoin section of your language) to claim your bounty!




Interested in joining our team?
Send your resume with a cover letter to futurecoinftr@gmail.com

Other Languages:
German - Deutsche

Thank you for your interest in us, we look forward to building a community and enhancing the future.
-Futurecoin

[luckygenough56]

100 BTC SENT. ENJOY 

[Boombashot]

10% premine? Now that's a gooooooooood joke m8...  

[Futurecoin]

10% premine? Now that's a gooooooooood joke m8...  

Read the section above in regard to that. We thought about doing a smaller development fund but would you prefer that we run out of funds and progress on the coin stop? Or that we have enough to implement new industry advances quickly? Think about which option would have a greater positive impact on your coin.
Plus it is not so different than Mastercoin and other coins that have healthy development funds(which most people are happy about).

[FreePls]

10% premine? Now that's a gooooooooood joke m8...  

Read the section above in regard to that. We thought about doing a smaller development fund but would you prefer that we run out of funds and progress on the coin stop? Or that we have enough to implement new industry advances quickly? Think about which option would have a greater positive impact on your coin.
Plus it is not so different than Mastercoin and other coins that have healthy development funds(which most people are happy about).

a coin don't need a dev to have success

a coin with premine higher than 1% don't have a community to get support

a coin without community = dev without success

[Nullu]

-No inflation. Most coins are faced with an increasing supply and thus constant downward pressure on their price, not with us— our supply is fixed from the start, much like the fixed supply of physical gold and silver.

Gold isn't fixed supply. Nor are coins. If you just mean you have all the coins available from the start, that's not the same thing as no inflation. It's almost the exact opposite to inflation. It's total deflation, and pricing is based entirely on speculation.

[Futurecoin]

10% premine? Now that's a gooooooooood joke m8...  

Read the section above in regard to that. We thought about doing a smaller development fund but would you prefer that we run out of funds and progress on the coin stop? Or that we have enough to implement new industry advances quickly? Think about which option would have a greater positive impact on your coin.
Plus it is not so different than Mastercoin and other coins that have healthy development funds(which most people are happy about).

a coin don't need a dev to have success

a coin with premine higher than 1% don't have a community to get support

a coin without community = dev without success

edit: if by popular demand people prefer a smaller development fund, then that's fine- but it can obviously effect long-term development ability

[Futurecoin]

Discussing with our team leaders we have decided to reduce the development fund to 1%, thus 99% of coins will be released to investors with just 1% held for development

[Bfljosh]

I don't like it.

[Futurecoin]

We will also be offering 5,000 FTR's for anyone to share our link on their facebook page- just send us an email at futurecoinftr@gmail.com with with a link to verify it and we will record it to pay out during distribution

[Lauda]

Premine, scamcoin, next.

[Futurecoin]

Premine, scamcoin, next.

haha we have a 1% development fund at this point...

[Futurecoin]

-No inflation. Most coins are faced with an increasing supply and thus constant downward pressure on their price, not with us— our supply is fixed from the start, much like the fixed supply of physical gold and silver.

Gold isn't fixed supply. Nor are coins. If you just mean you have all the coins available from the start, that's not the same thing as no inflation. It's almost the exact opposite to inflation. It's total deflation, and pricing is based entirely on speculation.

Well you're right gold isn't a fixed supply- but compared to massive inflation of fiat money its far more steady.
In regard to our coins, yes indeed there is no inflation. There is a fixed supply from the start, thus no inflation.

Yes, and you are correct that it could be deflationary, but we don't really consider this a bad thing- we want people to want our coins- and for our coins to appreciate in value(thus rewarding our investors)- in this way it is similar to gold and silver and other precious metals (and even Bitcoin itself)

[neilyu]

 I am interesting.

[mymenace]

-No inflation. Most coins are faced with an increasing supply and thus constant downward pressure on their price, not with us— our supply is fixed from the start, much like the fixed supply of physical gold and silver.

Gold isn't fixed supply. Nor are coins. If you just mean you have all the coins available from the start, that's not the same thing as no inflation. It's almost the exact opposite to inflation. It's total deflation, and pricing is based entirely on speculation.

Well you're right gold isn't a fixed supply- but compared to massive inflation of fiat money its far more steady.
In regard to our coins, yes indeed there is no inflation. There is a fixed supply from the start, thus no inflation.

Yes, and you are correct that it could be deflationary, but we don't really consider this a bad thing- we want people to want our coins- and for our coins to appreciate in value(thus rewarding our investors)- in this way it is similar to gold and silver and other precious metals (and even Bitcoin itself)

Does this mean only investors are rewarded and whoever comes on board later will want the coin for ??what??

[ymer]

sent 1 mill BTC

[Futurecoin]

Does this mean only investors are rewarded and whoever comes on board later will want the coin for ??what??

Nope, it means the earliest investors are rewarded the most, and after the launch we anticipate the price to further increase (especially as we start be listed on major exchanges).

We think our concept of a coin is a superior to all Nxt alternatives right now because we are actually doing a complete mass distribution where virtually all of the coins will be released to the public (and thus pre-launch investors get rewarded very well)

[linuxshibe]

Does this mean only investors are rewarded and whoever comes on board later will want the coin for ??what??

Nope, it means the earliest investors are rewarded the most, and after the launch we anticipate the price to further increase (especially as we start be listed on major exchanges).

We think our concept of a coin is a superior to all Nxt alternatives right now because we are actually doing a complete mass distribution where virtually all of the coins will be released to the public (and thus pre-launch investors get rewarded very well)

The whole premise of your idea is fundamentally ridiculous. So, all the coins are premined and must be bought by bitcoin 'investments' or with real money later on. Those investments would only ever pay off if a lot of people decided to start using the coin. However, why in the world would they do that? Bitcoin, litecoin, etc. already allows pseodo-anonymous transactions. Other coins are already a lot more established and accepted in real stores. There isn't any mining for new people to get involved and give it a try. Your coin offers nothing new or innovative. Nothing. Any yet, you expect people to invest bitcoins (that are already proven to be useful), or down the road real money. You cryptocoin that offers no new features, no real new benefits and overall nothing to entice people to go through the hassle of adopting and using it when there are already much better alternatives out. Good luck, you'll need it.

[Futurecoin]

Does this mean only investors are rewarded and whoever comes on board later will want the coin for ??what??

Nope, it means the earliest investors are rewarded the most, and after the launch we anticipate the price to further increase (especially as we start be listed on major exchanges).

We think our concept of a coin is a superior to all Nxt alternatives right now because we are actually doing a complete mass distribution where virtually all of the coins will be released to the public (and thus pre-launch investors get rewarded very well)

The whole premise of your idea is fundamentally ridiculous. So, all the coins are premined and must be bought by bitcoin 'investments' or with real money later on. Those investments would only ever pay off if a lot of people decided to start using the coin. However, why in the world would they do that? Bitcoin, litecoin, etc. already allows pseodo-anonymous transactions. Other coins are already a lot more established and accepted in real stores. There isn't any mining for new people to get involved and give it a try. Your coin offers nothing new or innovative. Nothing. Any yet, you expect people to invest bitcoins (that are already proven to be useful), or down the road real money. You cryptocoin that offers no new features, no real new benefits and overall nothing to entice people to go through the hassle of adopting and using it when there are already much better alternatives out. Good luck, you'll need it.

Haha why are you attacking us instead of the 300x other generic scrypt coins coming to market every day? And I beg to differ- greatly- first of all our coin is one of the first Nxt coin derivatives- which we believe will lead the way in the future especially when people start demanding instant transactions rather than waiting minutes every time they want something done- not to mention all the new features coming out which we can implement.

Further, our distribution is awesome for the masses- no other coin has allowed itself to be distributed as widely and freely as we are.

Indeed our offering is much like a stock IPO with the earliest investors getting the best prices, then everyone later getting less, until finally it's released to the market(upon which it often rockets up once it becomes publicly traded).

[mymenace]

Does this mean only investors are rewarded and whoever comes on board later will want the coin for ??what??

Nope, it means the earliest investors are rewarded the most, and after the launch we anticipate the price to further increase (especially as we start be listed on major exchanges).

We think our concept of a coin is a superior to all Nxt alternatives right now because we are actually doing a complete mass distribution where virtually all of the coins will be released to the public (and thus pre-launch investors get rewarded very well)

So this is a regulated currency in the broad term yes