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Author Topic: [IPO][XGC]███∵∴Cross Generation Coin∵∴Totally New Idea∵∴███  (Read 4138 times)
XgcDev
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February 19, 2014, 03:13:07 PM
#1


New Ways To Obtain Shares

1>> Our logo is absolutely terrible now, design one for us to get a share spot.
2>> Promote this IPO to other forums, post link here to get 1 share spot.



NOTICE→@February 20, 2014, 12:36:13 AM

1> Due to this https://bitcointalk.org/index.php?topic=434310.0, many posts has been deleted. If your post was top 20 but deleted, PM me.
2> We have more than 20 posts, so please post your address and transaction ID with a little opinion to join the IPO.
3> Q&A here https://docs.google.com/document/d/1v_-64QOF-6Lk1-LUaY9DouZVXitwzFi2ePT6fU7Lxqg/edit?usp=docslist_api
4> Shareholder list here https://docs.google.com/spreadsheet/ccc?key=0Amk5laiZF3nOdDhKQUVMeVZOYTFKWXVrbUxNeHVBYkE&usp=docslist_api




XGC :: Cross Generation Coin

Cryptocurrencies changed our life since a few years ago. Now, it is the time for them to evolve. However, there is a big gap between 1st generation coin and the 2nd generation ones. XGC is the best choice to cross the gap!

http://i.imgur.com/7jpi3ZN.png



✎XGC Features

► Total 4 Billion XGCs
► 4 Million X-Tokens (XTK, create for mining)
► 5 years mineable, then become 100% PoS.
► Totally decentralized trading system which can apply to ANYTHING.

✔   No Premine, No Superblock
✔   Vardiff 1 Hr
✔   High Anonymity
✔   Quick Confirmation
✔   Alias System
✔   Encrypted Messaging
✔   DDoS Protection
✔   Android/IOS client
✔   Brain Wallet
✔   Transparent Forging



✎XGC Distribution

5% (200000000 XGC) → IPO
60% (2400000000 XGC) → Mining
35% (1400000000 XGC) → Forging

★Get more information about this special coin by reading whole IPO carefully.



✎XGC Dev Team

We are a group of students in MIT. We are not going to post our username in public recently because we need a serene university life. Don't worry about our coding skill.



✎How To Join

    We are looking for active participants that can help XGC and spreading this news to those who wants to have a bridge between different generation coins.

    The whole XGC team endeavors to help people to get familiar with the 2nd generation coins but not to cheat users out of money.

    The fundraising is absolutely fair. All the X-Tokens and 5% of XGC will being distributed to all the investors equally. For instance, if (N) users join our IPO, each of them will get (200000000/N) XGC and (4000000/N) X-Tokens.

    If you do not have a Bitcointalk account yet, you need to create one AND BE ACTIVE to study what are the differences between 2 generations of cryptocurrencies. Do not lose the account password, because you will need to access the account later to claim your share.

※ To avoid newbie account spamming, you need to exceed 15 posts when IPO stops. You can reply first and be active to raise your post count.


    In the first 20 posts, stake spots are reserved only by showing "interest". MOD NOTE: This isn't allowed, have people show their interest to you in some other way. People who join after them will still be distributed an equal share of  but have to pay a fee of 300 NXT or 0.03 BTC to join in, this fee will never increase in the future.

    After we reach a critical mass, we will launch the XGC genesis block. The maximum number of the investors is 3000.

    One Bitcointalk account can only have one stake spot. If you send more than the required amount at one time or multiple times, or your post count is below 15, we will consider your transaction a donation to XGC.

    We will post an announcement soon after the IPO gets to the end. Please follow the instruction to claim your XGC and Tokens.


├──────── UNIQUE Features ───────┤

██ About XGC and Tokens:

    In the first 5 years after launching, you have to use XTK (X-Token) with your CPU miners to mine XGC. The basic idea is that your true mining speed is decided by both your machines (CPU only) and XTK amount. The more both of them you have, the faster your mining speed you will have. If both A and B have the same CPU but A has 10 Tokens in addition, then A will get a little faster hashrate count than B.

サ Block info below:
► Block generated period: 1 minute.
► Block reward:
1~10000→2000XGC
10000~100000→1500XGC
100000~500000→1200XGC
500000~1000000→1000XGC
1000000~1500000→900XGC
1500000~2000000→800XGC
2000000~End→600XGC
(2.4 billion coins are distributed in this way.)
※Calculation power of XGC will use to support educational researches or medical calculations.

覧Forging
XGC can not only be mined out (1st generation) but can obtain by forging just like NXT (2nd generation).

    5 years after the launch, minable coins won't be available anymore. The X-Tokens will be useless. However, PoS function will keep working and then XGC will become a 100% PoS coin finally which means you can only get coins by using confirmed coins in the wallet to "forge" or buy from platform.

    The forging reward comes from transaction fees. To keep this function run stable, we will spread a random amount between 1 to 5 of XGC as fee every minute from 14% of total XGC scatter in the XGC network.

    We have also optimize the forging algorithm in order to prevent all fees being forged by the wallets which have large amount of coins stored in.

    By the way, functional addresses (which keep spreading fees) will not forge itself. Means those 14% of coins won't affect the forging system at all.



██ Decentralized Trading Platform

We have created a special decentralized trading system which can apply to ANY trade.

See an example directly:

Seller wants to sell iPhone for 1000XGC and Buyer wanna buy it.
↓Here are the trading steps↓

1) Seller have to send 1000 XGC into a trading system address which manage by XGC system (every one can create different addresses) to get a "SellerKey".
2)  Buyer have to send 2000 XGC (Price*2) into the same address to obtain "BuyerKey".
3) Seller send SellerKey with iPhone to Buyer's home.
4) After Buyer make sure the stock send to his home is an good iPhone, he needs tell tell Seller the "BuyerKey".
5) When Seller input BuyerKey and Buyer input SellerKey into their wallet, the transaction will be executed. (1000 XGC back to Buyer, and Seller not only get his 1000 XGC back but also get 1000 XGC from Buyer)


※ If Buyer input BuyerKey and Seller input SellerKey, trade cancelled.
※ If one or both of traders haven't finish writing back key after deadline, the money in that trading account will all spread into the network as fees for users to forge.
※ If one start an ask or bid in market but nobody fill that order after deadline, the money will send back to original account.


覧覧覧覧 IPO Information覧覧覧覧
This bitcointalk account only use to post this IPO and send PM when IPO ended, don't try to contact us.
NXT account: 15543425206196932253
Bitcoin account: 1ADSawb5QUFWg3YMFtpZu5u59S9QV4WEeb

★Send 300 NXT or 0.03 BTC to the address above. Then reply in this form:
Sender address: ********
Transaction ID/Hash: #########


● You can ask questions here, but they won't be answered here, please goto
http://bit(.)ly/1h5EH7b  Someone will reply there.
● Shareholder list is at http://bit(.)ly/MclwhI



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nigttran
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February 19, 2014, 03:20:33 PM
#2

IPO 5% meaning premined.
Buy via IPO cheaper than mining. >> Net hashrate is low >> price is drop >> net hashrate still low >> coin close soon >> relauch new coin.

So not IPO.
Tercel
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February 19, 2014, 03:23:52 PM
#3

IPO 5% meaning premined.
Buy via IPO cheaper than mining. >> Net hashrate is low >> price is drop >> net hashrate still low >> coin close soon >> relauch new coin.

So not IPO.
Well...I think all coins are generated in genesis block like NXT...
I don't know what premine means...? Huh

Fly high~
King of the sky~
otila
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February 19, 2014, 03:40:30 PM
#4

※Calculation power of XGC will use to support educational researches or medical calculations.

What does that mean? My CPU can calculate how many pills you have to take today?
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February 19, 2014, 04:36:22 PM
#5

Interested.

Why do you decide to do your own thing instead of working together with the Nxt community?

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trade.io.
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.
.Join the Trading Revolution.
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February 19, 2014, 05:07:37 PM
#6

Interested. Tokens for mining is something new.

Have a question: ※ If Buyer input BuyerKey and Seller input SellerKey, trade cancelled.
Think must be "or" so the deal can be cancelled even by one side.

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  TRADE.IO       ║     WHITEPAPER    ANN THREAD    TELEGRAM     ║     JOIN THE TRADING REVOLUTION
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February 19, 2014, 05:16:50 PM
#7

ok interested. you could have joined NEM too Smiley
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February 19, 2014, 05:27:21 PM
#8

Possible scam. Watch out folks. For MIT students you guys sure have bad grammar / inability to proofread.
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February 19, 2014, 05:32:20 PM
#9

IF YOU ARE AN MIT  STUDENT POST A @MIT.EDU EMAIL ADDRESS.

OR POST A LINK FROM YOUR MIT WEB DIRECTORY - ALL STUDENTS HAVE ONE



USER IS NEW

THERE IS NO WEBSITE

THERE IS NO PROOF OF WORK

THIS IS A CLASSIC SET SCAM SET UP



THIS IS JUST LIKE THE LEVELCOIN https://bitcointalk.org/index.php?topic=422309.0 SCAM AND COUNTLESS OTHER SCAMS WITH HUNDREDS OF BTC LOST -

UNTIL HE HAS SUPPLIED PROOF, DO NOT LINE THIS POTENTIAL SCAMMER'S POCKETS

YOU WILL LOSE ALL OF YOUR MONEY!

ShareCoin Free and Fair Distribution. ST9STDDe6Sg4ZvpNpQBYBtWH8P6tRFfN5B
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February 19, 2014, 06:56:59 PM
#10

Nice coin with big potential!

my post is #13  Smiley

"In the first 20 posts, stake spots are reserved only by showing "interest". People who join after them will still be distributed an equal share of  but have to pay a fee of 300 NXT or 0.03 BTC to join in, this fee will never increase in the future."

 Cool Smiley Grin

Edit: where is my post? My post was #13 !!
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February 19, 2014, 07:04:06 PM
#11

I dont give any coins to this. This has to be minable also directly with max 0.5% premine!!! 5% of the money HuhHuhHuhHuhHuh?? Are you serious HuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuhHuh
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Riecoin and Huntercoin to rule all!


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February 19, 2014, 07:13:42 PM
#12

This is getting ridiculous...another IPO?  Roll Eyes

Huntercoin: H9kttkrQidiQMG9NibmTgjgCKqWJMAkAXD
Riecoin: Like us on https://www.facebook.com/TheRiecoinCommunity
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February 19, 2014, 08:06:03 PM
#13

Nice logo. 3 and half minutes in paint, right?

Trade your Crypto: https://www.cryptsy.com/users/register?refid=32253

My tradekey: 05fa7e3250aeca31946ee5943666cdeed93525fb

Get some free Coins every day!    
http://qoinpro.com/2ab59ea5f5fac439231ba2a86d7948fb
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February 19, 2014, 08:09:38 PM
#14

Nice logo. 3 and half minutes in paint, right?
+1  Grin

but "only" ..... Send 300 NXT or 0.03 BTC
 Grin
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February 19, 2014, 08:12:02 PM
#15

IF YOU ARE AN MIT  STUDENT POST A @MIT.EDU EMAIL ADDRESS.

OR POST A LINK FROM YOUR MIT WEB DIRECTORY - ALL STUDENTS HAVE ONE



USER IS NEW

THERE IS NO WEBSITE

THERE IS NO PROOF OF WORK

THIS IS A CLASSIC SET SCAM SET UP



THIS IS JUST LIKE THE LEVELCOIN https://bitcointalk.org/index.php?topic=422309.0 SCAM AND COUNTLESS OTHER SCAMS WITH HUNDREDS OF BTC LOST -

UNTIL HE HAS SUPPLIED PROOF, DO NOT LINE THIS POTENTIAL SCAMMER'S POCKETS

YOU WILL LOSE ALL OF YOUR MONEY!

Sounds reasonable. Anyway, "interested" costs me nothing.   Grin Grin Grin Grin


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                   [ Whitepaper ]        [ Website ]                     
     
Mrjitter
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February 19, 2014, 08:49:55 PM
#16


Not interest in SCAMCOINS


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February 19, 2014, 10:54:31 PM
#17

Nice coin with big potential!

my post is #13  Smiley

"In the first 20 posts, stake spots are reserved only by showing "interest". People who join after them will still be distributed an equal share of  but have to pay a fee of 300 NXT or 0.03 BTC to join in, this fee will never increase in the future."

 Cool Smiley Grin

Edit: where is my post? My post was #13 !!


all post with "interest" was deleted by mod since it's against the rules. Poster find a way to register members maybe an email sign up with BTT username to verify each account.
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February 19, 2014, 11:05:56 PM
#18

MIT guys,  just interest is not enough.
Emm, so I am very interested in it as it's free now.....   Grin Grin Grin Grin

I think the idea comes from NEM which get a successful crowdfund.

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February 19, 2014, 11:06:42 PM
#19

The shareholder list shows a lot of Chinese characters for American students... Smells fishy.

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February 19, 2014, 11:10:23 PM
#20

Wow, the moderator must be Edward Scissorhands....  Grin Grin Grin Grin

Actually, I will keep an eye on this, morally...


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