https://bitcointalk.org/index.php?topic=517363.0Moderator Posted in Bitcoin Development. That is ok with me, but I understand many bitcoin users do not get along with Alt Currency Talk, so I am posting a link to the original post here:
https://bitcointalk.org/index.php?topic=517363.0edit
Answer to FAQ's sent via PM
Q. Do you have any progress in creating a website?
A. There has been progress creating a website. Developing websites from the round up is what I have done for a living, so that helps out a lot. I am fortunate to have that as one of my skills. I am able to speak and edit programming, but I personally cannot sit and create a new program from scratch. That is not my calling in life. There are others much smarter than me in regards to custom programming.
Do you have any programmers?
A. We have a local programmer, and also sub out work to different programmers (overseas) when needed for a particular skill or task. This project has been discussed in length and he is aware and ready to take on the task. He realizes there is also an option to use programmers from the crypto community as well. The local programmer can act as a helper, project lead or both.
Q. Have you sacrificed any personal funds or time yet?
A. Between the exchange and the coins I myself have spent 4 months researching this project and creating a new alt coin(s) (that are actually useful), including US law, speaking to multiple lawyers, drafted a business plan, marketing plan etc. I have not mentioned the coin details on this on the board yet, but the new coin will be revolutionary without exaggeration. I believe the new coin will garner a lot of press. (Yes we all say that, but I am willing to stick my nose out there and say that you will find that the introduction will be different and exciting more than anything else on the market AND will actually be a USEFULL coin.)
We do have a domain name for both the business (coin) and exchange.
We have a 4 letter .com domain for the exchange.
Q. Will I get any stake in your business for my funding?
A. Sponsors do have perks. A sponsor will receive a number of coins related to the exchange based on membership level. These limited number of coins will be available to members only, 100%, unless a vote says otherwise. As you know they will have $0 value, and are not legal tender. Due to US SEC laws we cannot specifically offer shares in a business without registering with the SEC. I assure you this literally costs millions of dollars to do, so registration is unattainable at this point. We are looking at SEC exemptions, but at this time we do not have one.
Christian
