Development phase 1

OneRareCoin
1 coin is mined, 20% of this initial coin is destroyed by the transaction fee. So 0.2 of the coin is destroyed with 0.8 remaining
A maximum of 0.800000 coins are avaiable at a price of 0.001 btc = 0.000001 ORC

All BTC used to buy OneRareCoin is put in to a pot that will be used in turn to buy ORC that is sold on exchanges.
All purchased coins will be destroyed.
After 8 weeks any ORC remaining that hasn't been purchased from the original 0.8 will be destroyed
This ensures that after 8 weeks the price can only go up


summary of coin: hyper deflationary, safegaurds against massive dumps, instead of dumps plummetting price they have the power to raise price, rarest and potential to be most high valued coin in cryptocurrency, 20% of coins are destroyed in every transaction by transaction fee.

Proof Of Rarity (POR)
This is a new protocol built from the ground up for OneRareCoin. (POR) will reward holders of OneRareCoin for retaining them this will make dumping coins in large quantities less attractive and even when done will raise the demand for OneRareCoin in turn making it worth more while still making transactions of OneRareCoin worthwhile.

Note: I created my pre announcment thread on Proof Of Rarity 1 week before insanity dev: https://bitcointalk.org/index.php?topic=457462.msg5045688#msg5045688
he seems to be attempting to clone my coin without even fully understanding how proof of rarity works. Good luck to him anyway I guess.
This thread is the launch of the purchase phase.

I like the idea but you need to show me a lot more before I maybe buy some.

When is this to be launched?

When do we start the purchase stage?

I just wanna be a millionaire  where can I buy this coin? is it in cryptsy?

I have small amount of bitcoin in cryptsy I don't know how to send it from there if this coin it's not there

how much do you think we can make?

Can you please post an "official" link back to the thread that will be used to conduct the purchase?

  

The Original post has been updated with the purchase address and the purchase phase has begun.

Nice scamcoin.

Why IPOs should be banned from the forum:  https://bitcointalk.org/index.php?topic=443196.0

Rarity in holders is the exact opposite of what you want in a PoW currency system, or really any currency system for that matter.  You need the brain of a monkey to think this is a good idea.

This isn't exactly a conventional PoW system. Did you even read the OP at all or anything on the proof of rarity (POR) protocol? I didn't think so. This is an investment coin which if you actually read the OP would see why it's so brilliant.