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Author Topic: 🔴[ANN] Initial Stablecoin Offering (ISO) 🔴 Ȼu: Physically Mined by Hobbyist 🔴  (Read 164 times)
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October 17, 2018, 08:22:27 PM
 #1

Ȼu Vault


Introduction:

Copper is a chemical element with symbol Cu (from Latin: cuprum) and atomic number 29, hence employing Ȼu as the logical ticker symbol for Ȼu Vault, the brandable domain name TBD/TBA (henceforth: simply Ȼu [temporarily]).

Ȼu is a stablecoin, an ERC-20 (ERC20) based utility token, soft-pegged to the intrinsic value (IV) of US minted copper pennies (˘ents) dated prior to 1983, eventually having one billion (1B) Ȼu in circulation; each Ȼu and its market cap correlates to the spot price of copper denoted in U$D, each ˘ent "re˘ently" enjoying an approximate 95.2% markup over its face value (FV) with copper trading at $2.83/lb (hence, the usage of “[soft-pegged]”; 145 copper ˘ents [$1.45] weigh one pound [1 lb]).

The primary utility of Ȼu is the stablecoin on YuTü.Co.in's exchange - YTC-Sox (YuTü.Co.in-Social Exchange) - virtually incorporating a similar business model/practice largely advanced of late by crypto entities introducing their own flavor-of-the-month stablecoin, of which some are 100% uncollateralized like NuBits and Basis (source), and at least one renowned VC model explored (same source) resembles a Rube Goldberg crypto-contraption on the surface, integrating more than two alts to crack open one's proverbial nest egg as pseudo-visualized VVV.


Applying the re˘ent spot price, 1B copper pennies – $10M (FV) – has an IV of $19,520,000 ($19.45M), of which Ȼu is soft-pegged to the latter, dually backed by the FV of the pennies and YuTübopolis, Inc.'s YuTü.Co.in (at the onset and subsequently freely providing the highly secured storage facilities for the pennies at YuTübopolis Center [Nashville, TN], a YouTube Space-esque campus, where the on-site Ȼu Vault will be monitored 24/7 - viewable online - and routinely opened for public scrutiny).

Ȼu is the only stablecoin pegged to physical coins (US copper pennies) still in circulation, most others pegged to the US dollar that may or may not be collateralize ([try not to] think: Tether).

Historic Spot Price:


Initial Stablecoin Offering (ISO):

On the Net, first we had Kickstarter, GoFundMe, Indiegogo, etc., as a means to garner funding for startups. Shortly after the advent of cryptos, the ICO (Initial Coin Offering) model became all the rage in crowdfunding ventures mostly in the crypto space. Then along came stablecoins, albeit not looked upon as a crowdfunding medium because of its overall intended purpose, but that doesn't stop one from thinking unconventionally, exploring the fuller potential of stablecoins.

Enter Initial Stablecoin Offering (ISO), with YuTü.Co.in as the first crypto startup to employ such a crowdfunding model, introducing its own stablecoin as a financial means to bring the endeavor to fruition, the details of which follows.

Visit Summarization (below the fold) to read why and how YuTü.Co.in and Ȼu Vault are intertwined.

Early Bird In˘entives:

A maximum 100M Ȼu (10% total supply) will be distributed at the FV rate, e.g. for $100 (10K pennies), a supporter receives 10K Ȼu having an IV of nearly double the purchase price according to the current/re˘ent spot copper price determination (2nd chart above and follow accompanied link). A minimum order of $50 via BTC, ETH or BCH applies, equating to a maximum 20,000 participants.

As an additional bonus, along with the first 125M Ȼu allocated, supporters will cumulatively receive 125M YTC (YuTüCoin) at YuTü.Co.in's Pre-ICO price point ($0.05/YTC), namely a 10K Ȼu purchase includes 2K YTC, both corresponding tokens simultaneously remitted to a provided ETH wallet address. Furthermore, supplementary Ȼu spelled out as ancillary in˘entives below will proportionately be matched with YTC.

Available for a maximum 500 distinct orders, a max 10M Ȼu (1% total supply) will be distributed at the FV rate of one for two, e.g. for the minimum order of $100 (10K pennies), supporters will receive 20K Ȼu having an IV approaching 4X the purchase amount.

Available for a maximum 100 distinct orders, a max 10M Ȼu (1% total supply) will be distributed at the FV rate of one for four, e.g. for the minimum order of $250 (25K pennies), supporters will receive 100K Ȼu having an IV approaching 8X the purchase amount.

Available for a maximum 10 distinct orders, a max 4M Ȼu (.4% total supply) will be distributed at the FV rate of one for eight, e.g. for the minimum order of $500 (50K pennies), supporters will receive 400K Ȼu having an IV approaching 16X the purchase amount.

Available for the FIRST 5 purchases of $100 (10K pennies), each supporter will receive 50K Ȼu reflecting an effective FV rate of one for five having an IV approaching 10X the purchase amount.

A single 2M Ȼu (0.2% total supply) purchase is available for $2,500. We'll grant a one-off $10K purchase for 10M Ȼu in lieu of the aforementioned from anybody interested in procuring such a lot size, of which will no longer be available if the 2M Ȼu purchase for $2,500 priorly commenced.

A bare minimum 25% of the purchase prices will go toward the immediate procurement of copper pennies, temporarily held on account by Portland Mint (follow link).


The table below visualizes the in˘entives presented above followed by subscript annotations and the Table Legend.

IN˘ENTIVES VISUALIZED

Orders......
(Max)
$/Min.......
Order
$/FV.......
Total
Ȼu
Each
Ȼu
Total
% of Ȼu
Supply (1B)
$/IV
Total
......~ROI......
(IV)
Ȼu Vault
Reserve (FV)
20,000$50$1M5K
........100M........
10%$2M
100%
......$625,000[1]
500$100$100K20K
10M
1%$200K
300%
......$31,250[2]
100$250$100K100K
10M
1%$200K
700%
......$6,250
10$500$40K400K
4M
0.4%$80K
1,500%
......$1,250
5$100$2.5K50K
250K
0.025%.....$5K
900%
......$125
1$2,500$20K2M
2M
0.2%$40K.....
1,500%
......$625
20,616......----- [3]$1.2625M.........-----......126.25M........12.625%$2.525M
-----
......$664,500[4]

1 $625,000 assessed via totaling the following (in green):

  • First 5,000 (orders) X $50 (min. order) X (.25) 25% = $62,500
  • Second 5,000 X $50 X .50 (50%) = $125,000
  • Third 5,000 X $50 X .75 (75%) = $187,500
  • Forth 5,000 X $50 X 1.00 (100%) = $250,000

2 $31,250 assessed via totaling the following (in green):

  • First 125 (orders) X $100 (min. order) X (.25) 25% = $3,125
  • Second 125 X $100 X .50 (50%) = $6,250
  • Third 125 X $100 X .75 (75%) = $9,375
  • Forth 125 X $100 X 1.00 (100%) = $12,500

3 Average Sale: $1,262,500 (FV Total) ÷ 20,616 (Max Total Orders) = $61.2388436166 = ~$61.24.

4 $1,262,500 - $664,500 = $598,000  --> $598,000/$1,262,500 = ~47.37% deficit (see Summarization on how the balance will be redressed).

Table Legend:

Orders (Max): Maximum allowable participants per in˘entive.

$/Min. Order: Minimum order per participant.

$/FV Total: Total face value (FV) of Ȼu remitted, denoted in U$D.

Ȼu Each: Maximum Ȼu offered per participant.

Ȼu Total: Maximum Ȼu multiplied by maximum participants.

% of Ȼu Supply (1B): Per˘entage of the one billion (1B) Ȼu.

$/IV Total: Total intrinsic value (IV) when the maximum orders per in˘entive are filled.

~ROI (IV): Return on Investment (ROI) per participant based on respective in˘entives and rounding the approximate 94.5% markup per copper penny to 100% (double) for ease of calculations.

Ȼu Vault Reserve (FV): Minimum FV of verifiable copper pennies on account, calculated at 25% (barring first 2 rows; revisit [1] and [2]) of maximum orders times the minimum order amount (columns 1 & 2, respectively).

BOTTOM ROW: If applicable, depicts tally of the columns of the preceding rows.

YTC-Sox Fees Exemptions:

The following will NEVER incur transaction fees on YuTü.Co.in's exchange, YTC-Sox (YuTü.Co.in-Social Exchange).

  • All YouTubers registered as Lynspinz on YuTü.Co.in
  • All YuTüCoin (YTC) purchasers prior to Beta launch of YuTü.Co.in
  • All Ȼu purchasers prior to Beta launch of YuTü.Co.in
  • All PAQ purchasers prior to and after Beta launch of YuTü.Co.in

To boot, there will NEVER be any trading fees assessed in and out of YTC or Ȼu on YTC-Sox.

Mining (read: Sorting) Copper Pennies
as a Profitable Business or Hobby:



Source: Ryedale Model 300-AL Coin Sorter

As the title of this thread suggests, the circulated US copper pennies pegged to Ȼu will be amassed via physically hand sorting or, ideally, utilizing the likes of a mining rig depicted above (cheaper rigs available; Google: "penny sorter").

Stats:

  • [Depicted] Mining Rig Cost: ~$500 (we are NOT an affiliate)
  • Current/Re˘ent Spot Copper Price: $2.83 (source; relatively stable as for gold, silver, etc.)
  • Current/Re˘ent Intrinsic Value (IV) Over Face Value (FV) Markup: ~95.2%
  • Copper Pennies in Circulation: ~15%
  • Each Copper Penny Weighs ~3.11 gm (0.11 ounces)
  • 145 Copper ˘ents ($1.45) Weigh ~1 lb (16 oz/0.11 oz = 145.45...)
  • USPS Flat Rate Shipping Cost to Send $20 Worth of Copper Pennies (~11 lb; source): $7.20
  • IV of $20 Worth of Copper Pennies (FV): ~$39.04

Commencing after Beta launch of YuTü.Co.in, we'll pay 120% over FV for US copper ˘ents, thus for $20 worth of copper pennies sent to us, we'll remit $48 worth of Ȼu (4,800 Ȼu) to one's ETH wallet address on account, earning $20.80 (100%+ ROI; shipping fully reimbursed).

Once we distribute 7.375% of the 1B Ȼu as outlined above, we'll resort to allocating Ȼu calculated at the [then] current copper spot price for US copper ˘ents sent to the Ȼu Vault, of which the pegged-to coinage will be provably on account. Miners/sorters will still earn a positive ROI with the revised arrangement, more so than if opting to sell mined copper ˘ents directly for fiat via eBay et al.

Summarization:

Why:

YuTü.Co.in's ICO was lackluster at best because priorly there never were adequate funds in our coffer to conduct proper, let alone robust marketing to introduce the concept to a wider audience outside this forum, Telegram, etc., as other crypto entities deployed, overwhelmingly resulting in successful ICOs.

By introducing Ȼu as an at-first not fully collateralize stablecoin on our exchange, YTC-Sox, the funds garnered will afford a robust marketing campaign in advancing and developing YuTü.Co.in is short order, in turn replenishing the "borrowed" Ȼu, erasing the temporary acceptable deficit.

The robust marketing alluding to above chiefly consists of paid-for placements of a professionally prepared press release, of which our earlier attempts can easily be considered missing the mark.

How:

By conducting the very first ISO as outlined above, both YuTü.Co.in and its stablecoin, Ȼu, will come to fruition.

After 20% of the 1B Ȼu has been distributed - 12.625% + 7.375% via mining/sorting (follow links) - all future Ȼu lots introduced to the marketplace will be fully pegged to the fixed one-to-one parity of US copper ˘ents' IV, with the coinage ultimately stored at the opened-for-scrutiny Ȼu Vault.

Timeline:

  • Sell Ȼu, where no less than 25% goes toward procuring copper pennies
  • Funds garnered from the sale of Ȼu go toward marketing of YuTü.Co.in
  • Develop YuTü.Co.in while garnering additional funds from the sale of PAQs
  • Ȼu added to the YTC-Sox exchange
  • Replenish all the "borrowed" Ȼu
  • Ȼu will be fully collateralize once reaching 20M Ȼu in the wild, with all future disbursements of Ȼu fully pegged to the IV each copper ˘ent in the Ȼu Vault
  • YuTübopolis Center is procured and opened to YouTubers registered as Lynspinz on YuTü.Co.in
  • Ȼu Vault is built and opened for scrutiny, located at YuTübopolis Center

Purchase Ȼu:

Purchase Ȼu via any of the following crypto wallet addresses:

BTC Wallet Address:  1P3pKnd2DrgToyh7RogxWuu4WvbYCKsSs9
ETH Wallet Address:  0x12B18160999CD2aC767D4E547FA1A539C7Ea7245
BCH Wallet Address:  qrcakxnf583fyvl9d6fj3vljfg7qrccll53tlqdak5


Please inquire if you have any questions or concerns.

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October 17, 2018, 08:23:31 PM
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Reserved.





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October 17, 2018, 08:39:39 PM
 #3

Interesting. However, I do not understand why we need so many stable coins on the market? Competition is a great thing and it will drive to a better product. If it's stable coin offering how do you want investors to make a profit by investing in your project? What is the business model and how it works? Thanks!



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October 17, 2018, 08:46:10 PM
 #4

Interesting. However, I do not understand why we need so many stable coins on the market? Competition is a great thing and it will drive to a better product. If it's stable coin offering how do you want investors to make a profit by investing in your project? What is the business model and how it works? Thanks!

Please reread the OP, specifically the "Early Bird In˘entives" section, for the answers to your questions are clearly addressed.





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October 18, 2018, 06:48:00 PM
 #5

Now that this thread has been buried by no less than 10 pages, it's time for a bump.

Revisit Early Bird In˘entives (link) in the OP to see how you'll be able to handsomely ROI during Ȼu Vault's ISO.

Again, feel free to ask any questions if unsure about anything.

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October 18, 2018, 07:34:10 PM
 #6

Interesting. However, I do not understand why we need so many stable coins on the market? Competition is a great thing and it will drive to a better product. If it's stable coin offering how do you want investors to make a profit by investing in your project? What is the business model and how it works? Thanks!

Please reread the OP, specifically the "Early Bird In˘entives" section, for the answers to your questions are clearly addressed.

A bit complicated but understandable in general. Why should people switch from the existing stablecoins to your solution? I can't even find website of yours? How many people are working on the project? How will you attract users to buy it?



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October 18, 2018, 08:39:42 PM
 #7

Interesting. However, I do not understand why we need so many stable coins on the market? Competition is a great thing and it will drive to a better product. If it's stable coin offering how do you want investors to make a profit by investing in your project? What is the business model and how it works? Thanks!

Please reread the OP, specifically the "Early Bird In˘entives" section, for the answers to your questions are clearly addressed.

A bit complicated but understandable in general. Why should people switch from the existing stablecoins to your solution? I can't even find website of yours? How many people are working on the project? How will you attract users to buy it?

Actually, it's not all that complicated to understand compared to most crypto ventures of late. Most stablecoins are pegged to the US dollar. One stablecoin is pegged to a US dime (10 cents). Ȼu, borrowed from the symbol for copper (Cu), is pegged to the intrinsic value (IV) of a copper penny, namely ~2 cents, with the actual penny retaining its face value (FV) of 1 cent. Now, compare that to the IV of a US dollar, valued a tad more than a sheet of toilet paper. To some, that's worth more than wiping one's ass with a dime ... or using three shells as in The Demolition Man ...


Why should people switch from Tether to participate in another stablecoin? Why are VC literally pumping hundreds of millions of dollars into new stablecoins?

Yes, there's no website yet for Ȼu Vault but there is one for YuTü.Co.in --> https://www.yutubopolis.com/, of which we'll be developing the exchange - YTC-Sox - that the pegged-to-copper-cent stablecoin will be incorporated.

Once YTC-Sox is built and ongoingly populated with YouTubers' yAltcoins, users of the exchange will automatically start using the stablecoin. Until then, Ȼu will firstly be purchased by those to take advantage of its current built-in ROI, of which later won't be available, it acting as a true stablecoin upon reaching 20% disbursement as outlined in the OP.

Revisit Early Bird In˘entives to make sure you don't miss any lucrative opportunities.

Bruno
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October 18, 2018, 10:05:33 PM
 #8

Interesting. However, I do not understand why we need so many stable coins on the market? Competition is a great thing and it will drive to a better product. If it's stable coin offering how do you want investors to make a profit by investing in your project? What is the business model and how it works? Thanks!

Please reread the OP, specifically the "Early Bird In˘entives" section, for the answers to your questions are clearly addressed.

A bit complicated but understandable in general. Why should people switch from the existing stablecoins to your solution? I can't even find website of yours? How many people are working on the project? How will you attract users to buy it?




Why should people switch from Tether to participate in another stablecoin? Why are VC literally pumping hundreds of millions of dollars into new stablecoins?



Revisit Early Bird In˘entives to make sure you don't miss any lucrative opportunities.

Bruno

Lmao, what do you mean by VCs pumping millions of dollars into new stablecoins? Stablecoin can't be pumped by its definition, it should be stable. The only change is the market cap when people adopt your stable coin. There are many stable coins, why do you mention only Tether? Tether is no even regulated stable coin, while we already have regulated GUSD and PAX, for instance, also TUSD which seems to be fully collateralized. So I'm asking again why people would ever want to switch to yours?



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October 18, 2018, 11:38:55 PM
 #9

Interesting. However, I do not understand why we need so many stable coins on the market? Competition is a great thing and it will drive to a better product. If it's stable coin offering how do you want investors to make a profit by investing in your project? What is the business model and how it works? Thanks!

Please reread the OP, specifically the "Early Bird In˘entives" section, for the answers to your questions are clearly addressed.

A bit complicated but understandable in general. Why should people switch from the existing stablecoins to your solution? I can't even find website of yours? How many people are working on the project? How will you attract users to buy it?




Why should people switch from Tether to participate in another stablecoin? Why are VC literally pumping hundreds of millions of dollars into new stablecoins?



Revisit Early Bird In˘entives to make sure you don't miss any lucrative opportunities.

Bruno

Lmao, what do you mean by VCs pumping millions of dollars into new stablecoins? Stablecoin can't be pumped by its definition, it should be stable. The only change is the market cap when people adopt your stable coin. There are many stable coins, why do you mention only Tether? Tether is no even regulated stable coin, while we already have regulated GUSD and PAX, for instance, also TUSD which seems to be fully collateralized. So I'm asking again why people would ever want to switch to yours?

Let's make this simple. Cu will be the only stablecoin on our exchange, thus nobody will be shifting.





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October 19, 2018, 02:43:21 AM
 #10

Looks interesting and the team will continue to provide an explanation to be accepted by all parties, what will you do to convince investors about Stablecoin?  Can this mining be done with a simple tool?

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October 19, 2018, 06:06:18 AM
 #11

the thing most investors are looking for is a project with excellence like this, I think there will be many investors who are interested in investing in this project and pursuing the desired interest.

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October 19, 2018, 11:48:43 AM
 #12

Looks interesting and the team will continue to provide an explanation to be accepted by all parties, what will you do to convince investors about Stablecoin?  Can this mining be done with a simple tool?

The "simple [mining] tool" is depicted in the OP.





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October 19, 2018, 06:41:49 PM
 #13

the thing most investors are looking for is a project with excellence like this, I think there will be many investors who are interested in investing in this project and pursuing the desired interest.

The investors will be coming outta the woodwork any second now, bud, especially after YuTü.Co.in presents
in front of Travis Wright and Joel Comm's Token Tank Live at World Crypto Con (Las Vegas, Not New Mexico) in two weeks: https://worldcryptocon.formstack.com/forms/token_tank_live_submission.
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