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Author Topic: [ANN] InstaPay -First EVER Fixed Increasing Value Coin ### Scrypt-Jane  (Read 19566 times)
InstaPay
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February 28, 2014, 07:02:41 PM
 #1


Ready to be launched 7.March/2014 19.00 London Time.


Quote
Total Coins: 1,600,000
Block time: 20 seconds
Block reward: 0.4 IPC
Block Halving: every 200,000 Blocks  ,value decreases 5% Until 5years later block value is fixed rate of 0.01 IPC
Premine: 10% ( 9.8% To be Sold in IPO , 0.2% used for bounties/rewards/development)
Coins Mined first year: Approximately 540,000
Around 1.5million coins expected to be mined in first 5years
Scrypt-Jane with Kimoto gravity wall,difficulty retargets every block

website: http://www.InstaPayCoin.com

Pools:
Greekpool: http://instapay.greekpool.eu
OkayPool: http://IPC.okaypool.com
http://Ipc.poolprefecture.com
http://insta.coins-pool.com

Quote
Contact us if you would like to run a pool for IPC,
there is 40ipc bounty for 2-5th pool


Will I be able to Buy InstaPayCoins from the network at the same fixed rate?


-No,at the moment we will only offer to Buy-Back coins for our fixed-increasing-rate, You will be able to mine InstaPay Coins yourself or buy them on Public exchanges.

However from time to time we will sell-off some of the Coins we have bought from you Before to Increase the value of Support-Fund!



How can I buy-in this IPO and get InstaPayCoins before launch?

1. Send the amount you want to invest in BITCOINS to This Address:

1HeykergKVM5neCThN11C4Y27eDHH9J1Kz

Minimum amount is 0.01btc, there are no maximum amount as of now, however we don’t want a single person
receiving more then 10% of total coins Sold, so if at the launch your share is more then 10% of total investments
we may contact you and issue you a partial refund,this is only to Protect our Network stability.

2. Send us email to instapaycoin@gmail.com  with following details:

-Amount sent in btc

-Senders btc address and tx id

- bitcointalk.org Username.

-You will receive a manual confirmation email of your deposit from us, and on the day of the launch you will receive another email asking for your IPC wallet address for where to send your Share.


Bounties:
Quote
-70 IPC First Pool

-40 IPC second/third/fourth/fifth pool

-10 IPC per every Regional Translation

-5-15 IPC per Every Repost In other Forums,depends on how active the place you post is ( Repost Information about InstaPaycoin in other large forums and
contact us with link using our website contact form for reward,Only 1reward per each unique forum/website,first come-first serve!)

-If you are Looking to Promote IPC and interested to grab a bounty,contact us and explain your idea/what you can contribute!
Other bounties may be posted,  we Already have Windows/MAC/Linux wallets and Block explorer ready for launch

If you got any questions,suggestions, or want to Join Our team Email us at: instapaycoin@gmail.com
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SlidingHorn
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★Bitvest.io★ Play Plinko or Invest!


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February 28, 2014, 07:05:22 PM
 #2

Yet another brand new account with an IPO scam...

You forgot something:


You can just copy and paste from here:

Code:
[center]
[quote author=Stack-Coin link=topic=457575.msg5302833#msg5302833 date=1393089581]
[size=40pt][b][color=red]69.5 BTC[/color][/b][/size]
[img]http://media.giphy.com/media/s2qXK8wAvkHTO/giphy.gif[/img]
[/quote]
[/center]

WiFiPunk
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February 28, 2014, 07:09:05 PM
 #3

The name is a bit of a turn off too being so generic.
There's well over a dozen services with the same name - "InstaPay" that is.
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February 28, 2014, 07:12:25 PM
 #4

kimoto gravity wall, yeah right
RoooooR
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February 28, 2014, 07:13:02 PM
 #5

Probably SCAM.

COVESTING
   
   
SPACE
ICO starts on 24th of November
Bringing Copy-Trading Platform to the crypto currency market.
They trade - you profit.

passionsurf
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February 28, 2014, 07:19:39 PM
 #6

This one caught my eye, I'm in.
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February 28, 2014, 07:20:45 PM
 #7

looks good. Ill obviously not pay IPO.

                                 
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InstaPay
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March 01, 2014, 02:22:07 AM
 #8

wow guys wasn't really expecting such negativity, probably because there are hundreds of coins born every week now and most of them if not all of them fail because of poor development/support!
we have spent too much time and resources on this coin already for it to let it just go with the flow of others.
All of you on this forum have been asking for something new and not just another $hitcoin,and I truly believe this is it!

If you don't want to join IPO,that's cool, Check back on 7th march on the launch and Mine for a bit and I can promise you it will pay off!
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March 01, 2014, 02:41:09 AM
 #9

Wowwwww

Another CRAPCOIN with 10% premine.

The lemings are history ..

bye

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March 01, 2014, 02:46:17 AM
 #10

TRYHARDcoin

Donate if you like he-man Wink

8bgxSh44Gx9fHtn5AKnWXEuVz9vgvfgREd
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March 01, 2014, 03:12:34 AM
 #11

nice
ezvm
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March 01, 2014, 03:23:10 AM
 #12

Yet another brand new account with an IPO scam...

You forgot something:


You can just copy and paste from here:

Code:
[center]
[quote author=Stack-Coin link=topic=457575.msg5302833#msg5302833 date=1393089581]
[size=40pt][b][color=red]69.5 BTC[/color][/b][/size]
[img]http://media.giphy.com/media/s2qXK8wAvkHTO/giphy.gif[/img]
[/quote]
[/center]

+1

OMG NOT AGAIN, BIG IPO SCAM! - PLEASE GUYS DO NOT FALL FOR THIS SCAM REPEAT OF STACKCOIN.
JUST LOOK: https://bitcointalk.org/index.php?topic=457575.800


TO DEV: WHY DO YOU RUIN SUCH GOOD COIN BY ADDING IPO? THIS SEEMED TO HAVE SOME PONTENITAL, BUT NOW? #FAIL - IPO IS NO LONGER ACCEPTED BY THE PEOPLE HERE! EVERYONE MOVE ON, OTHERWISE JUST GIVE ME YOUR MONEY I'LL PUT IT TO BETTER USE.


PS. DEV, WANT TO KEEP THIS COIN ALIVE? REMOVE IPO AND MAYBE WE HAVE SOMETHING GOOD HERE.

FOR NOW I'M OUT!


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March 01, 2014, 03:48:38 AM
 #13

Ok guys, not much to see here.

They claim they will use the IPO money to establish the 'support fund'.  They claim this support fund will in fact be solely funded by the IPO.

Then they claim that if people invested 50 bitcoins you could get something like 300  insta pay things for .1 bitcoin.

So what happens if the investors decide to dump?  Wouldn't you need three times as much money invested to "guarantee" the support fund will not run out?

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March 01, 2014, 03:52:29 AM
 #14

Ok guys, not much to see here.

They claim they will use the IPO money to establish the 'support fund'.  They claim this support fund will in fact be solely funded by the IPO.

Then they claim that if people invested 50 bitcoins you could get something like 300  insta pay things for .1 bitcoin.

So what happens if the investors decide to dump?  Wouldn't you need three times as much money invested to "guarantee" the support fund will not run out?

IT JUST DOESN'T MAKE SENSE!

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March 01, 2014, 04:43:38 AM
 #15

original post:
https://bitcointalk.org/index.php?topic=491708.msg5419713#msg5419713

I would be happy to alleviate peoples concerns Smiley

Quote
I would very much like to volunteer to serve as an escrow if the community would allow me.

After the recent spike in IPO scams it would be nice to have a 3rd party trusted by the community to intermediate between all these new IPO coins.
I myself am wanting to invest in HeavyCoin but am reluctant because of the fear that the devs may be corrupt and run away with the funds Sad

I've had my profile on here for a while and I have a little bit of trust reputation already from some little trades for newly launched coins. Nothing amazing but at least it's something. I've been trying to get my trust rating up to make trades in the forums for coins that aren't on exchanges but there are so many scammers around that no one is ever willing to go first and this would be a great way (for me) to overcome that Smiley

Also if the developers want early access to any of the funds for promotional reasons then they can let the thread in their respective forum know in advance and justify themselves for transparency.
The dev's can still be emailed the tx numbers and view them at their leisure.

This could be a good thing for the devs because they could potentially raise more IPO investment because people will be less afraid and more trusting and it could also be a great thing for the community to know that the devs cant go rogue and run off with the coins.

I'm happy to provide any information on myself for security and reassurance and I'm also happy to take no commission since I've never done this before and have no real reputation just yet. But who knows, one day I might be known as the escrow guy or the devs could pay bountys to successful escrows Cheesy

here is a bitcoin facebook page I've had for a while:
https://www.facebook.com/bitcoinbillboard

the twitter feed that goes with it:
https://twitter.com/BitBillboard

and a guide to poolmining bitcoin I wrote in early 2013:
https://forum.feathercoin.com/index.php?%2Ftopic%2F2409-cpu-pool-mining-using-digitalocean-vps-instructions%2F

and if you google 'derrend bitcoin' you will find references to me contributing in forums from stackoverflow to reddit and many places in between.

You can also find my gpg public key by searching for my username on the MIT public key server for anyone who may be interested:
http://pgp.mit.edu/

If the community isn't keen then that's fine but I'm very much up to the task and hope perhaps that my offer might be at least considered.
All feedback appreciated
Thanks Smiley
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March 01, 2014, 09:33:56 AM
 #16

InstaPay was added to AltCoinCalendar.info

Check Coin CountDown, twitter post and informations about this coin
                  

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March 01, 2014, 10:48:07 AM
 #17

premine 10%  ,,,,so sad..
just a scrypt copy coin ,with no new feature....... 

with no interest ,bye
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March 01, 2014, 01:33:43 PM
 #18

ezvm- we started slowly making this right after the new-years when the cryto market was way different then it is at the moment, no one would have been screaming like this back then  Undecided Guess we were a bit late actually launching it when so many people have been burned by Ipo scams.

But we are going through with it and the launch will still happen on 7th march.
illiki23-The support fund rate was designed to be actually really low value and only to kick-in , In case at some point the network hashrate drops down to less then 100-150mhs so there are no dumping past this level because people would know that they always ARE supported below that level. If this will be successful pre-launch few early dumpers won't really do any harm.
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March 01, 2014, 01:54:14 PM
 #19

also can you guys use the email: instapaycoin@gmail.com to contact, can only reply to 6 pm's/hour due to this weird forum.
illiki23
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March 01, 2014, 02:31:03 PM
 #20


But we are going through with it and the launch will still happen on 7th march.
illiki23-The support fund rate was designed to be actually really low value and only to kick-in , In case at some point the network hashrate drops down to less then 100-150mhs so there are no dumping past this level because people would know that they always ARE supported below that level. If this will be successful pre-launch few early dumpers won't really do any harm.


But....

You say you "guarantee" that you will be able to maintain the support fund.  You also claim the support fund is solely funded through the IPO.

Now you are saying you are relying upon the fact that there will not be people dumping because everyone knows they will be supported.

So you are just assuming people will not dump.  You are assuming the IPO will cover the support.

What happens if it does not?  You are telling people they can get three times their value (> 300%).  You would pretty much require that less than a third of investors sold their coins to guarantee any sort of support.

I really hope no-one gives you money.  This is an obvious scam.  It is probably closer to a ponzi scheme than a lot of coins are.

You are not only guaranteeing you can maintain the wall, but that the support wall will increase.  There is absolutely no way to maintain this.  It is a blatant scam. In an ideal world you would be brought up on charges of fraud.


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