[ANN][ADC] AirdropCoin | Project aborted, plane crashed

[TheFlyingDutchman]

Announcement:
We have decided to abort the AirdropCoin project.

http://www.thisdayinmusic.com/upload/plane-crash_4851.jpg

Reasons:
1) IPO did not generate as many funds as we thought it would. We needed at least 10 times as much investments to successfully execute the operation.
2) Issues brought up by the community regarding legality of airdrop execution. We still think we could have pulled it off with the right amount of funds generated and creative problem solving, but this is obviously more of an assumption than a fact at this point.
3) Overall negativity from the community. We had expected this project to get a higher level of positive feedback than it did. Most feedback turned out to be quite cynical.
4) Lack of buzz the project has generated up until now. We had expected more buzz.

The root cause of failure was lack of community believe in the project's scope.

We have decided that our professional lives are too busy to justify further time investment in a project that is more likely to fail than to succeed at this point.

Naturally (well, maybe not naturally in the world of Bitcoin), we will be fully refunding all people who have chosen to join the IPO. They will be receiving an email with instructions on how to get their BTC back this weekend.

Finally, I'd like to say the following to all the people who have called us a 'scam'; Next time, please think twice before you call something a scam. There is a lot of cheating in this scene, but there are some good people that actually want to make a difference.
We would have gotten a free trip to a cool place somewhere in the world, and would have done something really cool for the local community there and generate a shitload of buzz. Why wouldn't we?

We have no hard feelings though, trolls were expected, as was the chance of failure.

If you have anything to add this, it would be good to hear your thoughts on where you think we went wrong.

The AirdropCoin Team

http://s8.postimg.org/71kj7kmlx/logo.png
AirdropCoin
We are dropping millions of coins from a plane
http://www.airdropcoin.com

Want to join the IPO? Invest here

Note: Please review the action plan before questioning the feasibility of the project's scope.

AirdropCoin is a cryptocurrency based on litecoin.
Half of the coins will be premined and will be physically dropped from an airplane at noon local time 6th of June 2014, which is the 70th anniversary of D-Day.
The community will decide the location for the airdrop through voting on AirdropCoin.com. Voting will be closed on 16th of April 2014.
The goal of the project is to raise cryptocurrency awareness for the general public.

http://s27.postimg.org/ir5lx3seb/nutshell.png

Events

• 16 March 2014: AirdropCoin is announced
• 23 March 2014: AirdropCoin is opened for investors through an IPO
• 31 March 2014: AirdropCoin will be launched, IPO is closed
• 16 April 2014: Voting on global coordinates will be closed and airdrop location will be announced
• 6 June 2014 (noon): Airdrop will be executed at the winning location (D-Day)

Websites

• http://www.airdropcoin.com (official website)
• http://www.airdropcoin.org
• http://www.airdropcoin.net
• http://www.airdropcoin.info

Important Links

• Submit your location vote (and/or view current standings)
• AirdropCoin Blog (first daily blog post will be submitted after the winning location has been announced)
• AirdropCoin Project Management

Discussion

• Bitcoin Talk (official discussion thread)

Social Media

• Twitter
• Facebook

Press

• ADC article on CryptoCoins News

Downloads

• Windows: Soon!
• Mac: Soon!
• Source: Soon!

Block Explorers

Soon!


Pools

Soon!


The Team

• TheFlyingDutchman (The Netherlands), Marketing & Communications
• ClevelandRocks (n/a), Currency Dev
• 1ndergy (Finland), Web Dev
• ClausClay (UK), Risk Mitigation & Safety
• TBD after winning location has been announced, Legal

For more details and background stories on our team members, click here


Specifications

• 70 million coins total
• 50% premined
• Scrypt based with gravity well
• 1 minute blocks
• 175,000 blocks between halving
• 100 coins a block immediately after premine

Details

Motives
The goal of the project is to raise the general public's awareness of cryptocurrency. Just to clarify, it is not our main goal to gain from this project financially. We're expecting to reinvest most proceeds back into the project.
 
Funding
Performing an actual airdrop somewhere on the planet will require a certain level of funding for operational expenses like travel, accomodation, video equipment, legal assistance, pilot(s) and aircraft(s), We have decided that an IPO (Initial Public Offering) is most suitable for this.
 
Investors will be able to buy a piece of the premine before the coin is launched. The amount of premined coins that go the investors depends on the total amount of BTC invested. The investors cannot receive more than half of the premine, this is to ensure that the winning location receives a big share during the airdrop. The remainder of the premine will be airdropped. The IPO opens on 23rd of March 2014 and closes at 00:00 AM GMT on 31th of March 2014. Further details on the IPO can be found in the 'Invest' section of the website.
 
We are also opening up the project to sponsors. Sponsors will have their branding displayed on the website and on the aircraft. Other ways for sponsors to get involved will be negotiable. If you'd like to be a sponsor, please contact us.
 
Type of Airplane
The chosen aircraft will depend on many factors. The biggest factor will be the voted location and amount of funds raised. We will announce aircraft details after the winning location has been announced. Renting a helicopter will not be ruled out if it makes more sense for the venue and budget. We will also be considering renting a second aircraft for video capturing purposes.
 
Form and Shape of the Coins
We will be airdropping paper wallets, much like the ones already widely used in the cryptocurrency community. The printed coins will include usage instructions in the appropriate language to allow anyone to get full value from their coins. We will show an example of a physical AirdropCoin wallet further down the road.
 
Location
The airdrop location will be determined by heat-mapping the results of the location voting. We will airdrop the coins at the area that recieved the most votes. Voting closes on 16th of April 2014. Further information on location voting can be found at the 'Location Vote' page of the website.
 
Voting Preference
Your voting preference will be entirely up to you. You may decide to help the poor or to have the coins dropped above your hometown. There can be many considerations. Do what you think is best.
 
Blacklisted Areas
We will not be allowing votes for airdrops above unsafe areas or countries. We are obviously not looking to risk our lives. We have identifed these areas as blacklisted areas. Votes for locations above blacklisted areas will not be counted. You can find the blacklisted areas on the 'Location Vote' page of the website. Votes on locations above seas, oceans or big lakes will also be disqualified.
 
Ground Safety
Safety comes first. Motorway avoidance and other obvious precautions will be taken. We will be seeking guidance from local authorities to ensure maximum safety. Please note that we won't be dropping metal coins, but paper wallets.
 
Environmental Impact
AirdropCoin is eco-friendly: We will be printing the paper wallets onto eco-friendly paper. We are currently looking into EcoPaper (http://www.ecopaper.com). After we've given the local community enough time to collect the paper wallets, our team members will clean the streets from paper wallets if many remain unclaimed.
 
Local Littering Laws
Our research has shown that laws that affect this project vary a lot between jurisdictions. For example, see the difference between litter laws in states in the US. This means that we cannot get into too much detail until the winning location has been announced. However, we have created an action plan that will maximize the potential of our operation while minimizing the risks. This action plan will apply to any jurisdiction.
 
Action Plan
We have identified 5 steps necessary to maximize the potential of a successful operation, shown below in chronological order:
 
1) Wait for the winning location to be determined (16 April 2014).
 
2) Determine the maximum number of paper wallets we can drop from the aircraft (x) with no or little legal consequences (up to a small fine not exceeding $1000) according to local litter laws. This number will vary per jurisdiction. A legal expert will assist with this.
 
3) Start a dialog with local authorities to see if we can increase the maximum number of paper wallets we can airdrop (x) by getting them on our side. For example, we will tell the authorities that we won't be throwing litter from the aircraft, but money. We'll also highlight the eco-friendliness of the paper wallets and the fact that it is a positive event for the local community and media. In addition, we will try to negotiate details like time of day and areas to be avoided, which will help our case as well. After this dialog, we will announce the final number of paper wallets to be airdropped (x).
 
4) Number of AirdropCoins remaining from the premine to be dropped from the airdcraft will be: % of coins to be dropped = x / 400 * 100% and cannot exceed 100%.
 
Example 1: If we can drop 400 or more paper wallets from the aircraft, 100% of the remaining premined coins will be dropped from the aircraft.
Example 2: If we can drop 200 paper wallets from the aircraft, 50% of the remaining premined coins will be dropped from the aircraft.
Example 3: If we can to drop 10 paper wallets from the aircraft, 2.5% of the remaining premined coins will be dropped from the aircraft.
 
Reason for this logic is that we don't want each wallet to contain a too large quantity of coins; this will result in just a few individuals gaining from the airdrop. We want to ensure that a big number of people get a share of the coins for a greater reach.
 
Each wallet will contain the same amount of coins. The formula for this will be: Coins per airdropped wallet = (remaining coins in the premine * % of remaining coins to be dropped) / x
 
5) If less than 100% of the remaining premined coins were airdropped as per the logic above, we will hand out the remaining premined coins at a crowded location nearby. This will happen after the airdrop. The exact location and time will be announced up front so you will know where to find us. We will be wearing AirdropCoin t-shirts so we can be easily identified. Each paper wallet will contain as many coins as there were in each airdropped wallet. Locals who received a wallet will be stamped to ensure they cannot get a wallet multiple times.
 
We expect to always be able to airdrop at least a couple of paper wallets, even in the worst possible scenario.
 
Detailed Action Plan Based on Winning Location
Details to be announced after winning location is known.
 
Parachutes
We will see if we can attach small parachutes to the paper wallets to be airdropped to make the descending paper wallets more visible from the ground. This decision will depend on local laws and on the number of paper wallets we will airdrop and cannot be made until after the winning location is known.
 
Blog
We are adding a blog to this site after the winning location has been announced. Things will get interesting from then on, as the team members will be travelling to the winning location to prepare the event. We will be posting daily updates with images, videos and stories.

Sharing the Event with the World
We will capture videos from various locations during the event, including shots from the ground and from within the aircraft. We will also be considering renting a second aircraft to get a very nice view of the airdrop. This will be decided at a later stage and depends on many factors, including financial ones. All the videos will be compiled into one and uploaded to Youtube and posted on the website later on.
 
Press Involvement
We will be issuing multiple press releases before and after the event as we believe that the airdrop will be a very interesting event for the general public. We will also be inviting a selection of world press on board of the aircraft. We will not make this event go unnoticed!


IPO details (taken from the AirdropCoin.com website):

How many of the premined coins go towards the IPO contributors?
The total amount of premined coins that will be sent to our IPO participants will depend on how much the IPO raises. The more is raised, the bigger the share that goes to the IPO participants.
 
The investors cannot receive more than half of the premine, which is to ensure that the winning location receives a big share during the airdrop. Whatever is left of the premine after the IPO will be airdropped.
 
Less than 40 BTC raised:
20% of the premine (7 million ADC) goes to the IPO participants
80% of the premine (28 million ADC) goes to the airdrop
 
Between 40 and 200 BTC raised:
30% of the premine (10.5 million ADC) goes to the IPO participants
70% of the premine (24.5 million ADC) goes to the airdrop
 
More than 200 BTC raised:
50% of the premine (17.5 million ADC) goes to the IPO participants
50% of the premine (17.5 million ADC) goes the the airdrop

Distribution
The earlier you join the IPO, the better you will be rewarded. This is a measure we have decided to take to compensate investors who choose to take a bigger risk by joining the IPO at an early stage, rather than to wait until the last day of the IPO to see who else invests. The logic will be as following:
 
Investments on days 1 and 2 (23-24 March 2014): 1.5x multiplier
Investments on days 3 and 4 (25-26 March 2014): 1.3x multiplier
Investments on days 5 and 6 (27-28 March 2014): 1.1x multiplier
Investments on days 7 and 8 (29-30 March 2014): 1x multiplier
 
To determine on which day investments were made, the system will be checking the blockchain based on GMT time zone.
 
Example: Let's say I invest 2 BTC on day 2 of the IPO. In this case, my investment will count as a 2 * 1.5 = 3 BTC investment after multiplier adjustment. When I invest 2 BTC on day 8 of the IPO, my investment will count as a 2 * 1 = 2 BTC investment after multiplier adjustment.
 
The IPO AirdropCoins will be distributed over the investors based on relative investment size, taking into account the multiplier.
 
Example: How to calculate my share in ADC?
Let's say I invested 5 BTC on day 3 of the IPO.
 
20 BTC were raised on each day of the IPO (the 20 BTC raised on day 3 includes my own investment).
 
This means that a total number of 20 * 8 = 160 BTC were raised it total
 
Since 160 BTC were raised in total, 10.5 million ADC will go to the IPO contributors (30% of the premine).
 
To calculate my share, I first have calculate the total number of BTC raised after multiplier adjustment. This is calculated as following: (20 * 1.5) + (20 * 1.5) + (20 * 1.3) + (20 * 1.3) + (20 * 1.1) + (20 * 1.1) + (20 * 1) + (20 * 1) = 30 + 30 + 26 + 26 + 22 + 22 + 20 + 20 = 196 BTC after multiplier adjustment
 
I invested 5 * 1.3 = 6.5 BTC after multiplier adjustment which means I should receive (6.5 / 196) * 100% = 3.316336530612245% of the total number of premined AirdropCoins that go to the IPO contributors.
 
3.316336530612245% of 10.5 million ADC = 348,215.3357142852 AirdropCoins
 
In this specific scenario, I will receive 348,215.3357142852 ADC as a compensation for my investment.

When will I receive my share in ADC?
The IPO closes just before the currency is launched, at 00:00 AM (GMT) on the 31th of March 2014. You will receive instructions on how to access your share in ADC shortly after.

For any questions, please email contact@airdropcoin.com or post in this thread.

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[primer-]

Fucking scammers

[sussex]

I suggest you attempt an airdrop over North Korea 

But, seriously, how can you guarantee this will happen?

[PoolNetwork]

You are not going to AirDrop - You are going to get rich quick.

[Surfactant]

You guys are awesome.  

[gargouri2001]

one more scam coin

[illodin]

Will fistpump mine this!

[Don007]

It would be great if This is actually true and you drop these wallets in a very poor area in the world. If they got access to a computer and internet atleast,
Otherwise they are going to use these wallets as toiletpaper.

By doing that you can give the people an extra income

[TheFlyingDutchman]

I suggest you attempt an airdrop over North Korea  

But, seriously, how can you guarantee this will happen?

We will not be allowing votes for airdrops above areas where the risks are known to be higher than acceptable. We will be identifying these areas as 'no go' areas on the website. Location votes inside 'no go' areas will not be counted. Naturally, North Korea will be a 'no go' area.

It would be great if This is actually true and you drop these wallets in a very poor area in the world. If they got access to a computer and internet atleast,
Otherwise they are going to use these wallets as toiletpaper.

By doing that you can give the people an extra income

It's all up to the community. Please note that the paper wallets will include usage instructions.

[gutshot]

How serious are you about this?
We are 100% committed and determined to making this spectacle happen.

so you dont actually have a plane yet? or even the paper wallets to drop?



What a load of bollocks - Good luck with it

[TheFlyingDutchman]

How serious are you about this?
We are 100% committed and determined to making this spectacle happen.

so you dont actually have a plane yet? or even the paper wallets to drop?



What a load of bollocks - Good luck with it

Please note that this is a pre-announcement to warm up the community and to allow the location voting to commence. The coin has not been released yet. There is currently still a lot of work outstanding.

Re: Plane: We will rent the aircraft on location after the winning location has been announced. The location is still to be determined through voting so we'll have to wait until 17th of May. Once the winning location is known, we will travel there ASAP and get the aircraft(s) sorted. Quoting the site's FAQ:
"The chosen aircraft will depend on many factors. The biggest factor will be the voted location and amount of funds raised. We will announce aircraft details after location lock. Renting a helicopter will not be ruled out if it makes more sense for the venue and budget. We will be considering renting a second aircraft for video capturing purposes."

Re: Paper wallets: The paper wallets will be created approximately 2 weeks before airdrop execution.

[albertdros]

this is actually quiet doable. Renting a small airplane is not that expensive. One can even hire a helicopter (which would probably cost less than 1000 usd for some flying around). People here are thinking of big airplanes like Boings and shit (because of the picture in the startpost) probably, but I don't think this is necessary at all.

[PoolNetwork]

this is actually quiet doable. Renting a small airplane is not that expensive. One can even hire a helicopter (which would probably cost less than 1000 usd for some flying around). People here are thinking of big airplanes like Boings and shit (because of the picture in the startpost) probably, but I don't think this is necessary at all.

If you think this is possible you have no idea about aviation and airspace - This is IMPOSSIBLE and will NEVER happen and even if it did (that 0.0000000000001% chance) people will most probably ignore it. These 'devs' will probably make a lot of money from this. Enjoy your millions.

[TheFlyingDutchman]

this is actually quiet doable. Renting a small airplane is not that expensive. One can even hire a helicopter (which would probably cost less than 1000 usd for some flying around). People here are thinking of big airplanes like Boings and shit (because of the picture in the startpost) probably, but I don't think this is necessary at all.

You've made a good point, the airplane in the image could be quite misleading. We'll change it to a different (smaller) aircraft tomorrow. Regarding the difficulty of being able to successfully execute an airdrop: It's definitely not impossible, it's not easy either. We think we will be able to pull it off though. It will require great preparation and risk management.

Just to clarify: The people of the winning location will receive the coins no matter what. In the worst possible scenario of running into legal or financial issues, we will hand out the coins on the ground.

[organizer]

I nominate the airdrop to take place directly over the White House. Let's see what happens.

Anyone second this nomination?

[albertdros]

this is actually quiet doable. Renting a small airplane is not that expensive. One can even hire a helicopter (which would probably cost less than 1000 usd for some flying around). People here are thinking of big airplanes like Boings and shit (because of the picture in the startpost) probably, but I don't think this is necessary at all.

You've made a good point, the airplane in the image could be quite misleading. We'll change it to a different (smaller) aircraft tomorrow. Regarding the difficulty of being able to successfully execute an airdrop: It's definitely not impossible, it's not easy either though. We think we will be able to pull it off though. It will require great preparation and risk management.

if you need any help with things feel free to pm me. I'm also Dutch and i'm pretty good with graphics/video (freelancer for television in Hilversum here , but just came back from living in Hong Kong for 2 years). Let me know.

[albertdros]

this is actually quiet doable. Renting a small airplane is not that expensive. One can even hire a helicopter (which would probably cost less than 1000 usd for some flying around). People here are thinking of big airplanes like Boings and shit (because of the picture in the startpost) probably, but I don't think this is necessary at all.

If you think this is possible you have no idea about aviation and airspace - This is IMPOSSIBLE and will NEVER happen and even if it did (that 0.0000000000001% chance) people will most probably ignore it. These 'devs' will probably make a lot of money from this. Enjoy your millions.

I do. There are always ways to make this happen. For example: my friend is a marine and licensed for parachute jumps all around the world. He could easily drop some of that shit from a small airplane.

[sgi02]

I nominate the airdrop to take place directly over the White House. Let's see what happens.

Anyone second this nomination?

I was thinking the Bermuda Triangle.

[Bit_Happy]

Having a unique idea that rewards the founders is NOT automatically a scam.

Let them have fun.
Either support it or don't, but there is no reason to instantly call it a scam.

You guys are awesome.  

Maybe  

[Mad Scientist]

June 6th, the 70th Anniversary of D-Day, would be a better day perhaps?

[vindyne8]

I vote you airdrop them all on my house.

Thanks in advance.

[btcpoland]

This idea is so st... special that I almost like it

[TheFlyingDutchman]

June 6th, the 70th Anniversary of D-Day, would be a better day perhaps?

Thank you for your suggestion. This is an excellent idea. Great for coin marketing purposes. I'll bring this up in tomorrow's daily team meeting. It will be easy to adjust the airdrop day with -1 at this stage of the project. I'll keep you posted.

[Zackgeno96]

awesome!   airdrop my house 

[Bit_Happy]

If you build a good buzz, this could work.
Edit: See post #27....Oops.

[bestcoinilike]

I support you support your hometown.goodluck.

[seattletu]

dumping a bunch of paper from a plane seems illegal. at the very least it seems like it's littering. but there has to be some laws you're violating.

[Djinou94]

If the dev drop himself from the plane i put all my btc in this coin! promise!

[miKnutty]

another kgw on release fail. bye

[Bit_Happy]

dumping a bunch of paper from a plane seems illegal. at the very least it seems like it's littering. but there has to be some laws you're violating.

You have a really good point
Dumping a bunch of paper is only "legal" when it's wartime propaganda.

[tylerderden]

dump it in some random small town so we can all take it over and take their shares

[minecoin22]

i want to know how can you guarantee this will happen?

[TheFlyingDutchman]

dumping a bunch of paper from a plane seems illegal. at the very least it seems like it's littering. but there has to be some laws you're violating.

dumping a bunch of paper from a plane seems illegal. at the very least it seems like it's littering. but there has to be some laws you're violating.

You have a really good point
Dumping a bunch of paper is only "legal" when it's wartime propaganda.

i want to know how can you guarantee this will happen?

We are aware of litter laws and have been doing quite some research already. We have to keep an open mind and be creative here. There are ways to ensure a successful airdrop.

First let's keep a couple of things in mind that will help our case with local authorities:

• We are not throwing used cans of coke from a plane. We are throwing money from a plane. The local community and authorities will be aware of this difference and will be more likely to be on our side because of this.
• 'Litter' as a result from our airdrop will remain on the streets for a short time only: The local community will be 'cleaning' the streets for us, rapidly. Again, this is money we're talking about.
• We will be printing the paper wallets onto eco-friendly paper (http://www.ecopaper.com).
• We will organize a clean-up to clean the streets from all remaining paper wallets after airdrop.

The effects on the environment will be minimal.

Dialog with local authorities prior to the event will be the key to success. This will:
1) Prepare them for what is about to happen
2) Allow us to get them on our side and think with us
3) Make them aware of the measures we are taking to ensure safety and eco-friendliness.
4) Allow us to reach an agreement with them on execution plan.

The 4th point is very important here. Let's say the authorities are only fine with an airdrop in a certain area of the city. Or let's say they are only fine with an airdrop in the early morning, perhaps for safety reasons. Discussing these details will allow us to come to an agreement. Will will be flexible here.

If the authorities are unwilling to cooperate, we will be trying to see in what ways we can break the law relatively safely.

We are determined to execute this operation successfully, in one way or another.

Please remember that the people of the winning location will get their coins no matter what, even in the worst case scenario of not being able to execute airdrop for whatever legal or financial reason. In that case, we will hand out the coins from the ground.

If the dev drop himself from the plane i put all my btc in this coin! promise!

We can always consider adding a skydiving component to the airdrop!

[pdsrdm]

I don't really understand the negative reactions. To me this seems like a better version of Auroracoin; instead of asking the people of a certain country to find their way through the cryptocurrency world to download an auroracoin wallet and contacting the devs proving they're from said country after which the funds will hopefully be received, you give them the wallet in hand with clear instructions on how to turn them into money.

Maybe I'm just crazy and this coin is another fucking scam, but I can already imagine the headlines when it's been raining money on Times Square or in Darfur.

[sunnyW78]

AirdropCoin, the air drop day is too late. I cannot wait so much time. and maybe, at that time, the coin has already been dead.

[TheFlyingDutchman]

Quick update from the AirdropCoin team:
We're trying to make this project as transparent as possible. We want the community to know what's happening behind the scenes at all times.

Allowing public access to the AirdropCoin project management board is the first step in this direction:
https://trello.com/b/EslX3kBD/airdropcoin-project-management

More updates from the team to follow...

[Bit_Happy]

dumping a bunch of paper from a plane seems illegal. at the very least it seems like it's littering. but there has to be some laws you're violating.

dumping a bunch of paper from a plane seems illegal. at the very least it seems like it's littering. but there has to be some laws you're violating.

You have a really good point
Dumping a bunch of paper is only "legal" when it's wartime propaganda.

i want to know how can you guarantee this will happen?

We are aware of litter laws and have been doing quite some research already. We have to keep an open mind and be creative here. There are ways to ensure a successful airdrop.

First let's keep a couple of things in mind that will help our case with local authorities:

• We are not throwing used cans of coke from a plane. We are throwing money from a plane. The local community and authorities will be aware of this difference and will be more likely to be on our side because of this.
• 'Litter' as a result from our airdrop will remain on the streets for a short time only: The local community will be 'cleaning' the streets for us, rapidly. Again, this is money we're talking about.
• We will be printing the paper wallets onto eco-friendly paper (http://www.ecopaper.com).
• We will organize a clean-up to clean the streets from all remaining paper wallets after airdrop.

The effects on the environment will be minimal.

Dialog with local authorities prior to the event will be the key to success. This will:
1) Prepare them for what is about to happen
2) Allow us to get them on our side and think with us
3) Make them aware of the measures we are taking to ensure safety and eco-friendliness.
4) Allow us to reach an agreement with them on execution plan.

The 4th point is very important here. Let's say the authorities are only fine with an airdrop in a certain area of the city. Or let's say they are only fine with an airdrop in the early morning, perhaps for safety reasons. Discussing these details will allow us to come to an agreement. Will will be flexible here.

If the authorities are unwilling to cooperate, we will be trying to see in what ways we can break the law relatively safely.

We are determined to execute this operation successfully, in one way or another.

Please remember that the people of the winning location will get their coins no matter what, even in the worst case scenario of not being able to execute airdrop for whatever legal or financial reason. In that case, we will hand out the coins from the ground.

If the dev drop himself from the plane i put all my btc in this coin! promise!

We can always consider adding a skydiving component to the airdrop!

I have another idea about local authorities.
You can easily find some Indian Reservations that are interested.   

[MisO69]

None of this will happen, this is all lies. Plain and simple.

Kids or jobless adult sitting behind screen posting complete nonsense. Your plan can be taken apart easily and its clear none of this was thought out.

Airdrop - how fucking stupid - only a complete moron would believe this or any other coin claiming an airdrop. Really people? get a brain.


I have a better idea for you motionless morons trying to scam everyone, your airdrop, it becomes a sneaker net. You put on your running shoes and start delivering paper wallets door to door into people's mailboxes. This will work fine in most civilized countries. Well, in the US you may get shot and killed for tresspassing.

[ashapasa]

please drop it over Afghanistan . Are you personally going to fly the plane, I suggest you use a chopper much more dramatic.

[ashapasa]

None of this will happen, this is all lies. Plain and simple.

Kids or jobless adult sitting behind screen posting complete nonsense. Your plan can be taken apart easily and its clear none of this was thought out.

Airdrop - how fucking stupid - only a complete moron would believe this or any other coin claiming an airdrop. Really people? get a brain.


I have a better idea for you motionless morons trying to scam everyone, your airdrop, it becomes a sneaker net. You put on your running shoes and start delivering paper wallets door to door into people's mailboxes. This will work fine in most civilized countries. Well, in the US you may get shot and killed for tresspassing.

relax man, we all know, its funny as hell though.

[edok]

Please airdrop over the North Pole. Polar bears are going extinct and need help. Rough times.

[vitarian]

Please don't drop them in my city because there is a hefty fine for littering.

[TheFlyingDutchman]

please drop it over Afghanistan . Are you personally going to fly the plane, I suggest you use a chopper much more dramatic.

We will not be flying the plane personally, we're not qualified. As stated in the Q&A, we are not ruling out the use of a helicopter.

[Hundsstern]

Why an airdrop? Because of the amazing publicity you're expecting? It's possible that you won't get that much attention. Maybe a small article in a local newspaper.

And I believe, you will never get permission for an airdrop. You wouldn't be allowed to drop dollar notes either.
And what would prevent people from grabbing 200 of your paper wallets. And what if it starts to rain?

Maybe you should think about another way of distribution. But nice idea btw.

[TheFlyingDutchman]

Why an airdrop? Because of the amazing publicity you're expecting? It's possible that you won't get that much attention. Maybe a small article in a local newspaper.

And I believe, you will never get permission for an airdrop. You wouldn't be allowed to drop dollar notes either.
And what would prevent people from grabbing 200 of your paper wallets. And what if it starts to rain?

Maybe you should think about another way of distribution. But nice idea btw.

I understand the skeptisism, but we really want to make the airdrop work. There are many things we can try to make it work after the winning location is known. We have to keep an open mind.

If airdrop fails for whatever reason, we will hand out the coins from the ground, as stated in the Q&A. This would be a disappointing result for us though.

Re: Rain: We can postpone a few hours if necessary. We will add this to the FAQ.

[MisO69]

Okay so something constructive from me instead of the regular shit.


How about you put together a community of "air droppers" from here? Get volunteers, or maybe pay them to airdrop (put in mailbox) coins in their neighborhoods. Just a thought...

It may even get some media attention, like an easter egg hunt, does a miner live close by? lol.. anyways... you get the idea.

[portice]

Why an airdrop? Because of the amazing publicity you're expecting? It's possible that you won't get that much attention. Maybe a small article in a local newspaper.

And I believe, you will never get permission for an airdrop. You wouldn't be allowed to drop dollar notes either.
And what would prevent people from grabbing 200 of your paper wallets. And what if it starts to rain?

Maybe you should think about another way of distribution. But nice idea btw.

I understand the skeptisism, but we really want to make the airdrop work. There are many things we can try to make it work after the winning location is known. We have to keep an open mind.

If airdrop fails for whatever reason, we will hand out the coins from the ground, as stated in the Q&A. This would be a disappointing result for us though.

Re: Rain: We can postpone a few hours if necessary. We will add this to the FAQ.

You guys are just too damn easy, seriously.

[BrewCrewFan]

Why an airdrop? Because of the amazing publicity you're expecting? It's possible that you won't get that much attention. Maybe a small article in a local newspaper.

And I believe, you will never get permission for an airdrop. You wouldn't be allowed to drop dollar notes either.
And what would prevent people from grabbing 200 of your paper wallets. And what if it starts to rain?

Maybe you should think about another way of distribution. But nice idea btw.

I understand the skeptisism, but we really want to make the airdrop work. There are many things we can try to make it work after the winning location is known. We have to keep an open mind.

If airdrop fails for whatever reason, we will hand out the coins from the ground, as stated in the Q&A. This would be a disappointing result for us though.

Re: Rain: We can postpone a few hours if necessary. We will add this to the FAQ.

You guys are just too damn easy, seriously.

I bet there is around 1ghs on the network shortly after launch.
Then the cries for "exchange listing"
Once that happens only a select few get to dump coins at a okay price becoming rich after renting 50+ MHS worth of mining speed.
The other 97% of the people are left with many coins that are worthless.

[delphs]

Can't wait to see the fine for loitering this much paper

[Bit_Happy]

None of this will happen, this is all lies. Plain and simple.

Kids or jobless adult sitting behind screen posting complete nonsense. Your plan can be taken apart easily and its clear none of this was thought out.

Airdrop - how fucking stupid - only a complete moron would believe this or any other coin claiming an airdrop. Really people? get a brain.


I have a better idea for you motionless morons trying to scam everyone, your airdrop, it becomes a sneaker net. You put on your running shoes and start delivering paper wallets door to door into people's mailboxes. This will work fine in most civilized countries. Well, in the US you may get shot and killed for tresspassing.

relax man, we all know, its funny as hell though.

In an ideal world and in a community with less fraud, FUD, and mistrust... it is a decent idea.
Also it will be fun to see how this develops.

Yes, most of us know that it's far from a "sure thing".

[Viecoin]

Great concept. Goodluck!

[oxgroth]

Dropd in Bulgaria, noone here will search you for responsability, we dont even have army, and tbh i am sure the police and grannys will killthemself to get free something.

[NoobSauce]

pretty sure its a crime to put things in someone's mailbox that didn't come from the post office in the USA (not that anywhere in the usa would win but)

[Sir Lagsalot]

This needs to happen!

I wrote about it over here.

[TheFlyingDutchman]

This needs to happen!

I wrote about it over here.

Nice article sir!

We have been brainstorming quite a lot today due to the issues brought up by the community and we think we have found a feasible solution. Big announcement to come today or tomorrow. Stay tuned!

[TheFlyingDutchman]

Quick update: We have added map with an overview of all votes so far, this will be updated daily. You can see it here: LINK

We will move to a heat map once the number of votes exceeds 10,000.

[Bit_Happy]

Big announcement?
Like you found sponsors and don't need to do an "IPO"?

[anonuser777]

lol, nice idea, just don't try it anywhere with anti-littering laws. That includes most of the world.

[bitcats]

Great idea but you should call it "Aircoin" or sth. "Air-drop-coin" sounds a bit dopey.

[Bionic345]

there is just no way that airdrops of paper wallets are getting allowed? you will be fined harder than this coin could ever worth..

[TheFlyingDutchman]

Great idea but you should call it "Aircoin" or sth. "Air-drop-coin" sounds a bit dopey.

Perhaps you are right, it's too late to change now though! AirCoin also exists already. We'll stick with dopey 'AirdropCoin'. At least it's descriptive

lol, nice idea, just don't try it anywhere with anti-littering laws. That includes most of the world.

there is just no way that airdrops of paper wallets are getting allowed? you will be fined harder than this coin could ever worth..

Please read the action plan in the first post of the thread or in the 'Details' section of the website to understand how we are going to make this happen. We've put a lot of thought into maximizing the potential of success for the operation.

One a side note: We are finally ready for our big announcement (later today).

[bitcats]

Great idea but you should call it "Aircoin" or sth. "Air-drop-coin" sounds a bit dopey.

Perhaps you are right, it's too late to change now though! AirCoin also exists already. We'll stick with dopey 'AirdropCoin'. At least it's descriptive

You could still change to "Air-D-Coin" or similar. The "drop" in the name doesn't sound really cool and I doubt that this name will spark excitement (in public).

Good luck 

[Amph]

just call it dropcoin uh?

[Bit_Happy]

just call it dropcoin uh?

Like drop in price?

[Amph]

just call it dropcoin uh?

Like drop in price?

is this the trend nowaday, isn't it?

[Minerz]

What if all your wallets get sucked in airplane motor?

How about flying over Krim, im sure people there need money.There could be couple Russian jets, but im sure theyll understand.

[TheFlyingDutchman]

Important announcement from the AirdropCoin team:
We are ready for the next step towards executing a successful airdrop, now that we have finalized the scope of the project (see project details).

Tomorrow (Sunday March 23rd 2014) we will be opening up the project to investors through an IPO (Initial Public Offering). This will allow us to fund operational expenses like travel, accomodation, video equipment, legal assistance, pilot(s) and aircraft(s).

We have just finalized developing an automated system to ensure the IPO is smooth, error-free and secure.

You will be able to join the IPO on our website, http://www.airdropcoin.com, by going to the 'Invest' section. We will make a separate announcement in this thread tomorrow once the IPO is opened.


IPO details (taken from the AirdropCoin.com website):

How many of the premined coins go towards the IPO contributors?
The total amount of premined coins that will be sent to our IPO participants will depend on how much the IPO raises. The more is raised, the bigger the share that goes to the IPO participants.
 
The investors cannot receive more than half of the premine, which is to ensure that the winning location receives a big share during the airdrop. Whatever is left of the premine after the IPO will be airdropped.
 
Less than 40 BTC raised:
20% of the premine (7 million ADC) goes to the IPO participants
80% of the premine (28 million ADC) goes to the airdrop
 
Between 40 and 200 BTC raised:
30% of the premine (10.5 million ADC) goes to the IPO participants
70% of the premine (24.5 million ADC) goes to the airdrop
 
More than 200 BTC raised:
50% of the premine (17.5 million ADC) goes to the IPO participants
50% of the premine (17.5 million ADC) goes the the airdrop

Distribution
The earlier you join the IPO, the better you will be rewarded. This is a measure we have decided to take to compensate investors who choose to take a bigger risk by joining the IPO at an early stage, rather than to wait until the last day of the IPO to see who else invests. The logic will be as following:
 
Investments on days 1 and 2 (23-24 March 2014): 1.5x multiplier
Investments on days 3 and 4 (25-26 March 2014): 1.3x multiplier
Investments on days 5 and 6 (27-28 March 2014): 1.1x multiplier
Investments on days 7 and 8 (29-30 March 2014): 1x multiplier
 
To determine on which day investments were made, the system will be checking the blockchain based on GMT time zone.
 
Example: Let's say I invest 2 BTC on day 2 of the IPO. In this case, my investment will count as a 2 * 1.5 = 3 BTC investment after multiplier adjustment. When I invest 2 BTC on day 8 of the IPO, my investment will count as a 2 * 1 = 2 BTC investment after multiplier adjustment.
 
The IPO AirdropCoins will be distributed over the investors based on relative investment size, taking into account the multiplier.
 
Example: How to calculate my share in ADC?
Let's say I invested 5 BTC on day 3 of the IPO.
 
20 BTC were raised on each day of the IPO (the 20 BTC raised on day 3 includes my own investment).
 
This means that a total number of 20 * 8 = 160 BTC were raised it total
 
Since 160 BTC were raised in total, 10.5 million ADC will go to the IPO contributors (30% of the premine).
 
To calculate my share, I first have calculate the total number of BTC raised after multiplier adjustment. This is calculated as following: (20 * 1.5) + (20 * 1.5) + (20 * 1.3) + (20 * 1.3) + (20 * 1.1) + (20 * 1.1) + (20 * 1) + (20 * 1) = 30 + 30 + 26 + 26 + 22 + 22 + 20 + 20 = 196 BTC after multiplier adjustment
 
I invested 5 * 1.3 = 6.5 BTC after multiplier adjustment which means I should receive (6.5 / 196) * 100% = 3.316336530612245% of the total number of premined AirdropCoins that go to the IPO contributors.
 
3.316336530612245% of 10.5 million ADC = 348,215.3357142852 AirdropCoins
 
In this specific scenario, I will receive 348,215.3357142852 ADC as a compensation for my investment.

When will I receive my share in ADC?
The IPO closes just before the currency is launched, at 00:00 AM (GMT) on the 31th of March 2014. You will receive instructions on how to access your share in ADC shortly after.

[y3804]

This is amusing. Obvious troll plan is obvious

[TheFlyingDutchman]

Important announcement from the AirdropCoin team:
We have just enabled the IPO system. You can now join the IPO as an investor!

Go to our website, http://www.airdropcoin.com, and navigate to the 'Invest' section to join the IPO or to read further details.

The IPO period closes at 00:00 AM GMT on 31st of March 2014.

For any questions, feel free to ask in this thread or send an email to contact@airdropcoin.com.

Good luck!

Some of the important details, taken from the website:

Less than 40 BTC raised:
20% of the premine (7 million ADC) goes to the IPO participants
80% of the premine (28 million ADC) goes to the airdrop
 
Between 40 and 200 BTC raised:
30% of the premine (10.5 million ADC) goes to the IPO participants
70% of the premine (24.5 million ADC) goes to the airdrop
 
More than 200 BTC raised:
50% of the premine (17.5 million ADC) goes to the IPO participants
50% of the premine (17.5 million ADC) goes the the airdrop

Distribution
The earlier you join the IPO, the better you will be rewarded. This is a measure we have decided to take to compensate investors who choose to take a bigger risk by joining the IPO at an early stage, rather than to wait until the last day of the IPO to see who else invests. The logic will be as following:
 
Investments on days 1 and 2 (23-24 March 2014): 1.5x multiplier
Investments on days 3 and 4 (25-26 March 2014): 1.3x multiplier
Investments on days 5 and 6 (27-28 March 2014): 1.1x multiplier
Investments on days 7 and 8 (29-30 March 2014): 1x multiplier
 
For further details, go to the IPO section of the website.

[Prominence]

http://www.americasthirdparty.com/Images/FoodAid.gif

 

69.5 BTC

[raymarius]

i cant believe this is actually a real coin     am honestly dumbfounded. This idea is sooooooooo far gone beyond the realm of sanity it might actually work. thanks but no thanks, good luck though.

[TheFlyingDutchman]

Quick update: Our web dev will add a live tracker that automatically tracks the number of BTC invested to the site shortly.

i cant believe this is actually a real coin     am honestly dumbfounded. This idea is sooooooooo far gone beyond the realm of sanity it might actually work.

Yes, the idea is crazy. However, we will proof that it's possible in the next few weeks. It will require determination, creativity and open-mindedness. It's a great opportunity for us to make a positive difference.

thanks but no thanks, good luck though.

Thank you, we need it

[madmartyk]

This is almost (OK as much a stupid idea as)...  https://bitcointalk.org/index.php?topic=527061.0 

[ANN] IndependenceCoin - A coin to liberate the USA - Airdrop July 4th

[TheFlyingDutchman]

This is almost (OK as much a stupid idea as)...  https://bitcointalk.org/index.php?topic=527061.0  

[ANN] IndependenceCoin - A coin to liberate the USA - Airdrop July 4th

AirdropCoin was inspired by coins like AuroraCoin and SpainCoin. IndependanceCoin falls under this category as well.

However, we are taking things a bit further by making AirdropCoin community involved and tangible for the mainstream audience and press: We allow the community to decide where in the world the airdrop should take place. In addition, we are literally performing the airdrop, by dropping the coins from a plane. In this sense, AirdropCoin is a unique currency.

[madmartyk]

OK you are talking about transparency (we here that in the US a lot, LOL).  Who are you?  What makes you qualified to do this?  Who is your DEV team?  What other coins have you released?  Please post real names, web pages, ect...

I still can't get over that people will hand over BTC to someone who is typing up an idea for a coin without know who they really are.

Also are you using escrow until the project is ready to happen?

[coinzcoinzcoinz]

rofl this is hilarious, I'm putting in my last 0.1 BTC tonight. I see great potential. Don't disappoint me dev team!

[madmartyk]

rofl this is hilarious, I'm putting in my last 0.1 BTC tonight. I see great potential. Don't disappoint me dev team!

You can send me that .1 BTC, I'll use it to buy silver and when I retire I'll send you a post card.  At least you'll have a nice picture to look at!!  LOL

[coinzcoinzcoinz]

rofl this is hilarious, I'm putting in my last 0.1 BTC tonight. I see great potential. Don't disappoint me dev team!

You can send me that .1 BTC, I'll use it to buy silver and when I retire I'll send you a post card.  At least you'll have a nice picture to look at!!  LOL

Only if you drop the postcard from a plane

[madmartyk]

rofl this is hilarious, I'm putting in my last 0.1 BTC tonight. I see great potential. Don't disappoint me dev team!

You can send me that .1 BTC, I'll use it to buy silver and when I retire I'll send you a post card.  At least you'll have a nice picture to look at!!  LOL

Only if you drop the postcard from a plane

I can flush it in the airplane toilet at 35,000 feet, would that work?  They frown on opening the doors when they are flying!!!

[TheFlyingDutchman]

OK you are talking about transparency (we here that in the US a lot, LOL).  Who are you?  What makes you qualified to do this?  Who is your DEV team?  What other coins have you released?  Please post real names, web pages, ect...

I still can't get over that people will hand over BTC to someone who is typing up an idea for a coin without know who they really are.

Also are you using escrow until the project is ready to happen?

I agree that it would be good to disclose a little bit more about ourselves. Now that we have completed most development we have some more time to be active in the community and provide such details:

I'm from the Netherlands, but I currently live in the United Kingdom for professional reasons. I'm a project manager for web start-ups, with many successful projects behind my name. I have been involved in software development project management in the past. This is the first time I'm involved in starting a cryptocurrency, but I have been involved in cryptocurrencies for a long time now, mostly through trading. Some of our other team members have more experience with cryptocurrencies, for example, our coin dev 'ClevelandRocks' has great experience and skills in this field.

I will not disclose my name and address at this stage, due to negativity surrounding cryptocurrency. I cannot risk my professional reputation at this stage of the project. In addition, I'm not able to reveal my identity for contractual reasons. I will reconsider once we get closer to D-Day when AirdropCoin has proven to live up to its promise.

We did consider using an escrow, but it was not an option: We need to liquidate the BTC before airdrop, since the funds are needed to execute the airdrop.

I will ask the other team members to tell something about their backgrounds as well and to possibly reveal their identities. I can assure you that our team members are more than qualified to run this project.

We will add some of this information to the website and first post of the thread as well.

[Bit_Happy]

...
I will not disclose my name and address at this stage, due to negativity surrounding cryptocurrency. I cannot risk my professional reputation at this stage of the project....

You have every right to remain private, but...
You expect people to pay money when you are too "afraid" to put your name on it.
Perhaps you are better suited for other types of projects?

[kache]

...
I will not disclose my name and address at this stage, due to negativity surrounding cryptocurrency. I cannot risk my professional reputation at this stage of the project....

You have every right to remain private, but...
You expect people to pay money when you are too "afraid" to put your name on it.
Perhaps you are better suited for other types of projects?

Don't worry, people will pay anyway. We have plenty of examples already.

[TheFlyingDutchman]

...
I will not disclose my name and address at this stage, due to negativity surrounding cryptocurrency. I cannot risk my professional reputation at this stage of the project....

You have every right to remain private, but...
You expect people to pay money when you are too "afraid" to put your name on it.
Perhaps you are better suited for other types of projects?

This is the best I can do at the moment. Hopefully the community has been provided enough information to make an educated decision on whether this is a legit operation. All I can do at this point is ensure the community that we will go through great lengths to make every stage of this project a success, including the actual airdrop. It will be much easier to make our good intentions clear further down the road.

On a sidenote: Let me ask you the following question: How many cryptocurrencies are out there of which you know the devs' true identity?

Our coin dev has also agreed to post some information about himself, he will post in a bit.

[ClevelandRocks]

Hi Guys,

I'm the dev for ADC (the coin itself and the IPO app), and I thought I'd finally pop in and say hello.

TheFlyingDutchman's concerns about privacy for the moment are shared by me as well.

If the project is successful to where we can actually execute the airdrop, then we'll be more than happy to provide more or less full information about who we are, as we'll be showing up to execute the airdrop anyway.

I've been involved with cryptocurrencies since mid 2010, and I've written both open and closed source code that helps interact with cryptocurrencies. Some of it is used in the backend for the IPO tracker for AirdropCoin.

I'm happy to answer most other questions in the meantime, and I promise we'll both be quite a bit less mysterious about our identities if it the ADC funding will allow us to actually host the airdrop. From our perspective, all cryptocurrencies need a method for distribution, whether it's mining, IPO, giveaways, etc; and we thought this seemed like a lot more engaging and fun than most of the current methods.

[327037584]

I participate in the IPCO, but I did not receive any mail.

[TheFlyingDutchman]

I participate in the IPCO, but I did not receive any mail.

I just checked our system. Everything went through successfully, so all is fine. The issue is that your mail client rejected the email for whatever reason. '(rejected by system)'.

Check your PM box. I've sent the contents of the email there.

[327037584]

I have received your mail, thank you very much. I will continue to participate.

[Hollowman338]

this coin has been marked for termination by operation shitcoin cleanout

[TheFlyingDutchman]

We have received a good question over email, one that we have previously discussed within the team but that isn't handled on the website.

Q:
"What if you don't raise enough money to be able to execute airdrop from a plane?"

A:
In this doom scenario, we will first try to see whichever aircraft is the cheapest (not being limited to airplanes only) and then we will see if we can afford it. For example, helicopters are often much cheaper to rent than airplanes. Also, if we're just a little bit short, we'll try to chip in, but it shouldn't get too crazy. If it turns out that an actual airdrop is financially impossible due to the IPO raising too little funds, we will be forced to hand out all the remaining pre-mined coins from the ground.

We will travel to the winning location to hand out the coins no matter what, even if it would cost us money of our own. We really want to go on this adventure and give the local community of the winning location what they deserve. We have already taken time off from our regular jobs to be able to do this.

[arielbit]

you can fly over the Bermuda triangle

[Mortimer452]

Not sure about other countries, but in the U.S., flying an airplane and using it to drop anything is a good way to get a missile up your ass.

[PhattyBanks]

this coin has been marked for termination by operation shitcoin cleanout

target their site so they can no longer receive ipo funds

[TheFlyingDutchman]

Not sure about other countries, but in the U.S., flying an airplane and using it to drop anything is a good way to get a missile up your ass.

Please see the action plan to get a better idea of the project's feasibility and how we are managing risks.

[BitOnyx]

This idea is sooo random xD

[fengkaitj]

I keyed in my email and taped "join ipo" twice, then,luckily, I got two different btc addresses in my email account. I want to know which address I should use, or I could use them both?

[Bit_Happy]

...
I will not disclose my name and address at this stage, due to negativity surrounding cryptocurrency. I cannot risk my professional reputation at this stage of the project....

You have every right to remain private, but...
You expect people to pay money when you are too "afraid" to put your name on it.
Perhaps you are better suited for other types of projects?

This is the best I can do at the moment. Hopefully the community has been provided enough information to make an educated decision on whether this is a legit operation. All I can do at this point is ensure the community that we will go through great lengths to make every stage of this project a success, including the actual airdrop. It will be much easier to make our good intentions clear further down the road.

On a sidenote: Let me ask you the following question: How many cryptocurrencies are out there of which you know the devs' true identity?

Our coin dev has also agreed to post some information about himself, he will post in a bit.

I understand how you feel about the risk.
Do I really want to be associated with something like this?
I have thought about that more than a few times.

[madmartyk]

On a sidenote: Let me ask you the following question: How many cryptocurrencies are out there of which you know the devs' true identity?

and how many IPOs have the DEVs took the BTC and ran?

[TheFlyingDutchman]

I keyed in my email and taped "join ipo" twice, then,luckily, I got two different btc addresses in my email account. I want to know which address I should use, or I could use them both?

It doesn't matter, you can use either. Both are tied to your email address now in the system. Good luck!

[madmartyk]

OK, let assume you actually pull off an airdrop.  You deliver paper wallets to the poor people of Idontgiveashitstan.

Idontgiveashitstan, is a very poor country.  I realize you have this huge premine and IPO to help these poor people.  So over their largest and poorest city, Crapcoinabod you do your airdrop.

Some of the poor people grab up the paper wallets and a rep  is there to explain what they could do with them.

People: What do we do with these?
Rep: You can use them to make your life better.
People: How?
Rep: You can trade them for Bitcoins!
People: What?
Rep: Bitcoins, cryptocurrency!!
People: Can I buy a chicken with them?
Rep: Will, no.  But you can trade them for Bitcoins!!
People: Can I pay my bills with them?
Rep: Only if they accept Bitcoins.
People:  What good are these?
Rep: Well it made the DEVs a lot of money and they want to make your life better.
People: Thank the DEVs for the paper for us to wipe our asses with.

[TheFlyingDutchman]

OK, let assume you actually pull off an airdrop.  You deliver paper wallets to the poor people of Idontgiveashitstan.

Idontgiveashitstan, is a very poor country.  I realize you have this huge premine and IPO to help these poor people.  So over their largest and poorest city, Crapcoinabod you do your airdrop.

Some of the poor people grab up the paper wallets and a rep  is there to explain what they could do with them.

People: What do we do with these?
Rep: You can use them to make your life better.
People: How?
Rep: You can trade them for Bitcoins!
People: What?
Rep: Bitcoins, cryptocurrency!!
People: Can I buy a chicken with them?
Rep: Will, no.  But you can trade them for Bitcoins!!
People: Can I pay my bills with them?
Rep: Only if they accept Bitcoins.
People:  What good are these?
Rep: Well it made the DEVs a lot of money and they want to make your life better.
People: Thank the DEVs for the paper for us to wipe our asses with.

Taken from the project details of the site:

The printed coins will include usage instructions in the appropriate language to allow anyone to get full value from their coins.

It will be an issue if the winning location is so poor that there are no computers with internet. This is something we won't be able to solve. Hopefully, the community will vote wisely, but this is not something we want to influence. We will simply execute the community's desire.

[cassius69]

Thread summary

1) We heard about altcoins and how much money they make
2) We were amazed by Auroracoin
3) We couldnt think of shit else to change about it even a correct location because we re so fucking lazy
4) Please send us money because we lost our Internet marketing and SEO jobs and dont know where to work
5) We wont give our names because only a crazy person would add their name to this pile of shit. plus we dont want you to find us.

Did I miss anyting?

[teknikk7]

Thread summary

1) We heard about altcoins and how much money they make
2) We were amazed by Auroracoin
3) We couldnt think of shit else to change about it even a correct location because we re so fucking lazy
4) Please send us money because we lost our Internet marketing and SEO jobs and dont know where to work
5) We wont give our names because only a crazy person would add their name to this pile of shit. plus we dont want you to find us.

Did I miss anyting?

Yes, some wallets land on a car windshield distract or obstruct the drivers view.  Entire family dies in a horrific car accident.  Media goes crazy, another Satoshi Nakamoto manhunt begins for the creators of AirdropCoin...Government begins to take a hard look at cryptocurrencies and deems them illegal...yada yada

[cassius69]

Thread summary

1) We heard about altcoins and how much money they make
2) We were amazed by Auroracoin
3) We couldnt think of shit else to change about it even a correct location because we re so fucking lazy
4) Please send us money because we lost our Internet marketing and SEO jobs and dont know where to work
5) We wont give our names because only a crazy person would add their name to this pile of shit. plus we dont want you to find us.

Did I miss anyting?

Yes, some wallets land on a car windshield distract or obstruct the drivers view.  Entire family dies in a horrific car accident.  Media goes crazy, another Satoshi Nakamoto manhunt begins for the creators of AirdropCoin...Government begins to take a hard look at cryptocurrencies and deems them illegal...yada yada

Xactly. And thats only if they dont get shot down for being Unidentified Flying Scammers by entering the wrong air space.

Reality is they dont plan on distributing shit except BTC in their pockets from gullible and greedy pukes.

Anyone whos pays into this needs to see Dr Phil.

[landslide]

Thread summary

1) We heard about altcoins and how much money they make
2) We were amazed by Auroracoin
3) We couldnt think of shit else to change about it even a correct location because we re so fucking lazy
4) Please send us money because we lost our Internet marketing and SEO jobs and dont know where to work
5) We wont give our names because only a crazy person would add their name to this pile of shit. plus we dont want you to find us.

Did I miss anyting?

+1

why there's anyone care about "IPO"? If you want IPO, just write a coin yourself, it's so easy and will take 15mins to do. Only stupid will buy into "IPO".

[greentea]

Half of the coins will be premined and will be physically dropped from an airplane at noon local time 6th of June 2014, which is the 70th anniversary of D-Day.

Are you a pilot?

[cassius69]

Has anyone else voted for the location yet?

I voted for Crimea.

[TheFlyingDutchman]

Half of the coins will be premined and will be physically dropped from an airplane at noon local time 6th of June 2014, which is the 70th anniversary of D-Day.

Are you a pilot?

Nobody in the team is qualified to fly. When we rent the aircraft, we will also hire a pilot.

[TheFlyingDutchman]

Has anyone else voted for the location yet?

I voted for Crimea.

We've had 126 location votes so far. To see an overview of votes, go to the 'Location Vote' page of the site ('Overview of Votes' section). We will give a more detailed overview of current voting standings later today.

[evo-jeff]

We too will be giving more than 50% of our EVO to early funders. This is a fair way to distribute. Glad to see others see it the same way.

[BTCspoon]

Any serious Pilots, know that you can't air-drop "THINGS"...unless you are an official (Army, gov, Skydiving clubs...skydiver only, etc), count for EU and US, even so, in populated area the probability to see your air-drop happening fall to an absolute 0... .

Don't know if you are delusional or serious with this coin  ; or maybe are you aiming for Antarctica?, (lucky penguins!), or is it a radio-piloted 1/10000e plane?

[IUrry]

My cute doge will airdrop to your apartment and f*ck u.

[TheFlyingDutchman]

Any serious Pilots, know that you can't air-drop "THINGS"...unless you are an official (Army, gov, Skydiving clubs...skydiver only, etc), count for EU and US, even so, in populated area the probability to see your air-drop happening fall to an absolute 0... .

Don't know if you are delusional or serious with this coin  ;

Please read the action plan in the 'Details' section of our website to understand how we are going to make this happen

[cassius69]

Did the op actually say 'the pilot comes with the aircraft?'

Haha...i'm raising as much BTC as I can for this IPO

[mazuma]

goodness gracious, hope OP and his "team" die a horrific death and then somebody airdrops there body into the atlantic ocean where no will find them, I would contribute to an IPO for that

[madmartyk]

If anything this thread is good for the sheer entertainment!!

[TheFlyingDutchman]

goodness gracious, hope OP and his "team" die a horrific death and then somebody airdrops there body into the atlantic ocean where no will find them, I would contribute to an IPO for that

Please read the project plan, we will not allow votes for locations above seas.

The following is taken from the 'Details' section of the website:

Votes on locations above seas, oceans or big lakes will also be disqualified.

[ClevelandRocks]

goodness gracious, hope OP and his "team" die a horrific death and then somebody airdrops there body into the atlantic ocean where no will find them, I would contribute to an IPO for that

This seems like an appropriate and levelheaded response.

In all seriousness, we're aware flying a 777 over a major city and dropping tens of thousands of wallets is on the extravagant side of unlikely. One the other hand, we are pretty confident we can muster up something more impressive than throwing a couple dozen wallets with paper parachutes off a hillside.

We will execute on an airdrop appropriate to the size of the IPO raised and the location chosen. Hopefully we can meet up with some fellow cryptocurrency enthusiasts at the event and spread a bit of awareness that it's not all super serious and up our own asses about how important and dismissive we are in magic internet money land.

So far we've raised 2.2249 BTC, and London or the Netherlands are in top contention for the spots. It's admittedly not quite yet to the point where we'd be able to do anything terribly impressive, but if we can find enough other people who think this would be entertaining, we should be able to pull off something approaching the spirit of the coin.

[TheMightyX]

This is so fucking lame its not even funny... it's just sad...

Beyond the obvious legal issues:

• Dropping anything from a plane (money or not) is illegal.
• No private flight company (plane or helicopter) will accept your business knowing what you plan to do as they can and will lose their aviation license.
• Tell the cops its all right you littered that banana peel on the road because its "Bio-degradable" see if they give a shit.
• You couldn't pay enough people to retrieve these papers after they are thrown to the wind. They will land in bushes, trees, on top of houses and not easy to reach places (god forbid someone hurts themself trying to retrieve your stupid tickets, you will have a pricey lawsuit on your hands).

There is also the major issue of confining this disbursement to a single location.
So everyone in the world is supposed to get behind your coin so a single city can benefit?
What the hell is that?

And, the worst part is, other than this "air-drop" theres nothing new or innovative about this coin. So after the airdrop, then what? It's just a litecoin copy? riiiight that will last.

In this situation I would say you obviously haven't put any thought into this but the unfortunate reality is that it looks like you have put a lot of thought into this and its still a retarded concept. That's sad.
How can something that someone obviously put a lot of effort into suck so unconditionally?

Project development is not for you. Go home.

[dylansweb]

Hello there. I am looking for all coins that can be mined using CPU. Can you tell me if these can be mined using CPU? Please msg me back to let me know? Thanks.

[majorminers]

Look at what the FAA says:

"No pilot in command of a civil aircraft may allow any object to be dropped from that aircraft in flight that creates a hazard to persons or property. However, this section does not prohibit the dropping of any object if reasonable precautions are taken to avoid injury or damage to persons or property."

Time to reveal what reasonable precautions will be taken, just in case you plan on doing this in the States.

[TheFlyingDutchman]

Hello there. I am looking for all coins that can be mined using CPU. Can you tell me if these can be mined using CPU? Please msg me back to let me know? Thanks.

Yes you will be able to mine AirdropCoin using your CPU

[madmartyk]

This is so fucking lame its not even funny... it's just sad...

Beyond the obvious legal issues:

• Dropping anything from a plane (money or not) is illegal.
• No private flight company (plane or helicopter) will accept your business knowing what you plan to do as they can and will lose their aviation license.
• Tell the cops its all right you littered that banana peel on the road because its "Bio-degradable" see if they give a shit.
• You couldn't pay enough people to retrieve these papers after they are thrown to the wind. They will land in bushes, trees, on top of houses and not easy to reach places (god forbid someone hurts themself trying to retrieve your stupid tickets, you will have a pricey lawsuit on your hands).

There is also the major issue of confining this disbursement to a single location.
So everyone in the world is supposed to get behind your coin so a single city can benefit?
What the hell is that?

And, the worst part is, other than this "air-drop" theres nothing new or innovative about this coin. So after the airdrop, then what? It's just a litecoin copy? riiiight that will last.

In this situation I would say you obviously haven't put any thought into this but the unfortunate reality is that it looks like you have put a lot of thought into this and its still a retarded concept. That's sad.
How can something that someone obviously put a lot of effort into suck so unconditionally?

Project development is not for you. Go home.

But, but....  Think about the children!!!  and the DEVs!!!

I am still voting for Djibouti!!!

[ClevelandRocks]

Hello there. I am looking for all coins that can be mined using CPU. Can you tell me if these can be mined using CPU? Please msg me back to let me know? Thanks.

There's no current plan to implement any mining algorithm that would dissuade GPU mining, but there of course won't be any restrictions on CPU mining.

[flipstyle]

I've read some pretty ridiculous/stupid things on the internet in my lifetime.

But this may very well take the cake.

And the fact you have garnered over 2 btc's on this junk just speaks volumes to the collective IQ of the crypto community.

[majorminers]

What was the specific need for privacy again?

One the one hand you'll be performing a very public 'spectacle' as you say on your website. On the other hand you want to keep your identity private. What if the media wants to talk to someone. You're going to need a lot of media attention so that initial investors get a return.

But it doesn't sound like your team is willing to even put a name or face on this project.

I hope you understand why everyone is so skeptical about this. It would be very easy to keep the IPO money and not deliver.

[madmartyk]

With 2 BTC, they may not get a plane, but it's a hell of a weekend drinking and toasting the stupid fucks here!!!

[ClevelandRocks]

What was the specific need for privacy again?

One the one hand you'll be performing a very public 'spectacle' as you say on your website. On the other hand you want to keep your identity private. What if the media wants to talk to someone. You're going to need a lot of media attention so that initial investors get a return.

But it doesn't sound like your team is willing to even put a name or face on this project.

I hope you understand why everyone is so skeptical about this. It would be very easy to keep the IPO money and not deliver.

Well, for one, we already have multiple people in the thread saying they wish we would die or that they'd airdrop our dead bodies somewhere they'd never be found. While it's overwhelmingly likely it's just internet tough guy talk, why would we take the risk that an unstable person would follow through on a threat of violence before it's necessary to take that risk?

We'll be more than happy to reveal our names closer to the event.

[ClevelandRocks]

IPO will be down for about five minutes.

[ClevelandRocks]

And we're back up!

[cassius69]

What was the specific need for privacy again?

One the one hand you'll be performing a very public 'spectacle' as you say on your website. On the other hand you want to keep your identity private. What if the media wants to talk to someone. You're going to need a lot of media attention so that initial investors get a return.

But it doesn't sound like your team is willing to even put a name or face on this project.

I hope you understand why everyone is so skeptical about this. It would be very easy to keep the IPO money and not deliver.

Well, for one, we already have multiple people in the thread saying they wish we would die or that they'd airdrop our dead bodies somewhere they'd never be found. While it's overwhelmingly likely it's just internet tough guy talk, why would we take the risk that an unstable person would follow through on a threat of violence before it's necessary to take that risk?

We'll be more than happy to reveal our names closer to the event.

You need to toughen up if you plan on being around here. These nutters are harmless.

There is no risk to revealing your identity other than you have a bad reputation already or plan on running after you grab the loot.

So far you guys have show no signs you know shit about air drops, airplances or even making a proper alt coin.

[TheFlyingDutchman]

Daily update from the AirdropCoin team:
The first 24 hours of the IPO have passed. We're off to a good start; so far we have raised 2.25 BTC. We'd like to thank all participants who have decided to invest so far.

The IPO will remain opened for another 7 days. Please note that early investors get a bigger reward in ADC (higher multiplier). Please see our website for more details on the IPO.

We're currently putting all our efforts into the cryptocurrency itself, which will be released in 7 days. The code is close to final and we will soon be ready to start the premine.

We've had 128 location votes so far, see below for an alternative view the voted locations (we display a heatmap on the website):
http://s27.postimg.org/658gsswcz/Untitled_1.jpg

We've had some negative reactions from certain members of the community, but it was anticipated. This is a very ambitious project in a scene that is surrounded by distrust. At this point, we can do nothing more than to ensure the community that we will go through great lengths to successfully delivering what we have set out to do. It will be easier to show our good intentions further down the road. Please note that there is a plan B in the worst case of not being able to execute the airdrop.

Airdrop commences in 73 days, 13 hours and 4 minutes at the time of writing this post.

Thank you to all supporting our project.

[BTCspoon]

Daily update from the AirdropCoin team:
The first 24 hours of the IPO have passed. We're off to a good start; so far we have raised 2.25 BTC. We'd like to thank all participants who have decided to invest so far.

The IPO will remain opened for another 7 days. Please note that early investors get a bigger reward in ADC (higher multiplier). Please see our website for more details on the IPO.

We're currently putting all our efforts into the cryptocurrency itself, which will be released in 7 days. The code is close to final and we will soon be ready to start the premine.

We've had 128 location votes so far, see below for an alternative view the voted locations (we display a heatmap on the website):

We've had some negative reactions from certain members of the community, but it was anticipated. This is a very ambitious project in a scene that is surrounded by distrust. At this point, we can do nothing more than to ensure the community that we will go through great lengths to successfully delivering what we have set out to do. It will be easier to show our good intentions further down the road. Please note that there is a plan B in the worst case of not being able to execute the airdrop.

Airdrop commences in 73 days, 13 hours and 4 minutes at the time of writing this post.

Thank you to all supporting our project.

So far so good! let's air-drop this! already
The 2.25BTC plane getting hot: http://www.spi0n.com/wp-content/uploads/2012/03/crazy-landscape-plane-RC.jpg

[Bit_Happy]

What was the specific need for privacy again?

One the one hand you'll be performing a very public 'spectacle' as you say on your website. On the other hand you want to keep your identity private. What if the media wants to talk to someone. You're going to need a lot of media attention so that initial investors get a return.

But it doesn't sound like your team is willing to even put a name or face on this project.

I hope you understand why everyone is so skeptical about this. It would be very easy to keep the IPO money and not deliver.

Well, for one, we already have multiple people in the thread saying they wish we would die or that they'd airdrop our dead bodies somewhere they'd never be found. While it's overwhelmingly likely it's just internet tough guy talk, why would we take the risk that an unstable person would follow through on a threat of violence before it's necessary to take that risk?

We'll be more than happy to reveal our names closer to the event.

You need to toughen up if you plan on being around here. These nutters are harmless.

There is no risk to revealing your identity other than you have a bad reputation already or plan on running after you grab the loot.

So far you guys have show no signs you know shit about air drops, airplances or even making a proper alt coin.

True, some decent graphics in the OP and smooth ad copy, that's about all.
They don't provide much to instill confidence, do they?

[fengkaitj]

If we found we didn't deposit enouth btc into the ipo address, can we deposit into the same ipo address repeatedly?

[ClevelandRocks]

If we found we didn't deposit enouth btc into the ipo address, can we deposit into the same ipo address repeatedly?

Yes.

Whether you re-use an address or generate a new one, the end result will be the same.

[Djinou94]

What's happening after the Airdrop?

This is not a country coin so i think people will speculate and then dump before the drop

There are no reason to keep this coin in the future it is not like Aurora or Spain coin who want to be a national currency

I like the idea and concept but i think it's just a game and at the end, game over

[BitOnyx]

Well altcoins are mostly for transactions. You always need to keep selling and buying and it is rather hard to just dump something. I'm not defending this currency, since creators are anonymous for random reason. It is about altcoins in general.

[TheFlyingDutchman]

What's happening after the Airdrop?

This is not a country coin so i think people will speculate and then dump before the drop

There are no reason to keep this coin in the future it is not like Aurora or Spain coin who want to be a national currency

I like the idea and concept but i think it's just a game and at the end, game over

AirdropCoin will become coin of the winning city/location, just as much as AuroraCoin and SpainCoin will become the coin of a country.

[TheFlyingDutchman]

Daily update from the AirdropCoin team:
We're in the 3rd day of the IPO. The number of investments is slowly growing, as we have raised 2.6645 BTC so far. We have identified that we won't need a massive amount of BTC to meet our goals, so we are on the right track.

For information on how to join the IPO, please see the 'Invest' section of our website.

We've had 142 location votes so far. The number 1 location is currently the northern part of a city called Barranquilla in Colombia, South America. Needless to say, location voting closes in 3 weeks, so a lot can still happen.

Barranquilla, Colombia:
Our safety and risk mitigation manager has given the green light for a potential airdrop in Colombia. From legal perspective, Colombian airspace and litter laws are also quite unrestricted, which will give us the necessary freedom to execute airdrop.

Barranquilla is a city and municipality located in northern Colombia. It is the only city in America that was populated instead of founded. near the Caribbean Sea. The city is located in the Atlántico Department, of which it is the capital. Barranquilla is the largest city and port in the northern Caribbean Coast region of Colombia, with a population of 1,885,500 as of 2011 in its metropolitan area, which makes it Colombia's fourth most populous city after Bogotá, Medellín and Cali.

http://excellentworlds.com/data_images/countries/barranquilla/barranquilla-07.jpg
The city of Barranquilla, Colombia


Airdrop commences in 72 days, 12 hours and 25 minutes at the time of writing this post.

Thank you to all supporting our project.

[Bit_Happy]

Airdrop, sounds like the AUR effort in Iceland.
Have you considered the next round of copycat efforts you will inspire if this succeeds?   

[TheFlyingDutchman]

Airdrop, sounds like the AUR effort in Iceland.
Have you considered the next round of copycat efforts you will inspire if this succeeds?  

We won't deny that AirdropCoin was partially inspired by AuroraCoin. However, we've taken the concept to a whole new level. The press have already called us 'the craziest altcoin ever'.

AirdropCoin copycats will surface I'm sure, and we wish them good luck.

[Don007]

Daily update from the AirdropCoin team:
We're in the 3rd day of the IPO. The number of investments is slowly growing, as we have raised 2.6645 BTC so far. We have identified that we won't need a massive amount of BTC to meet our goals, so we are on the right track.

For information on how to join the IPO, please see the 'Invest' section of our website.

We've had 142 location votes so far. The number 1 location is currently the northern part of a city called Barranquilla in Colombia, South America. Needless to say, location voting closes in 3 weeks, so a lot can still happen.

Barranquilla, Colombia:
Our safety and risk mitigation manager has given the green light for a potential airdrop in Colombia. From legal perspective, Colombian airspace and litter laws are also quite unrestricted, which will give us the necessary freedom to execute airdrop.

Barranquilla is a city and municipality located in northern Colombia. It is the only city in America that was populated instead of founded. near the Caribbean Sea. The city is located in the Atlántico Department, of which it is the capital. Barranquilla is the largest city and port in the northern Caribbean Coast region of Colombia, with a population of 1,885,500 as of 2011 in its metropolitan area, which makes it Colombia's fourth most populous city after Bogotá, Medellín and Cali.


The city of Barranquilla, Colombia


Airdrop commences in 72 days, 12 hours and 25 minutes at the time of writing this post.

Thank you to all supporting our project.

Looks like the people over there can use a a financial injection.

I'm glad to see that there's actual interest from people in the Netherlands ^^. Unfortunately not in my city, but I'll go there as soon as the drop will really happen

[coinzcoinzcoinz]

HI I INVESTED 0.1 BTC ALREADY BUT IM GETTING 0.6 BTC ON MONDAY. CAN I STILL INVEST THEN? I HAVE BIG HOPES FOR YOUR COIN

[madmartyk]

HI I INVESTED 0.1 BTC ALREADY BUT IM GETTING 0.6 BTC ON MONDAY. CAN I STILL INVEST THEN? I HAVE BIG HOPES FOR YOUR COIN

Send me .6 BTC and I'll airdrop it right in my pocket!!!!

[TheFlyingDutchman]

HI I INVESTED 0.1 BTC ALREADY BUT IM GETTING 0.6 BTC ON MONDAY. CAN I STILL INVEST THEN? I HAVE BIG HOPES FOR YOUR COIN

It depends on your timezone, the IPO closes on Monday 00:00 AM GMT. If you only have the BTC avaible after that, you won't be able to put that amount in for the IPO. In that case, we recommend mining ADC or buying ADC on an exchange (we're currently talking to 2 exchanges to have ADC listed from the start).

[Djinou94]

What's happening after the Airdrop?

This is not a country coin so i think people will speculate and then dump before the drop

There are no reason to keep this coin in the future it is not like Aurora or Spain coin who want to be a national currency

I like the idea and concept but i think it's just a game and at the end, game over

AirdropCoin will become coin of the winning city/location, just as much as AuroraCoin and SpainCoin will become the coin of a country.

Ok but the name? You cannot change it after?
If Colombia is selected, it's weird to call it Airdropcoin and not Colombia coin.
And there are people who will say that the dev is not colombian..

[madmartyk]

DJIBOUTI!!!  Because I think the investors like it in DJIBOUTI!!!

[Steven Lee]

Seems not many people here?

[TheFlyingDutchman]

Seems not many people here?

The coin has not been released yet. It will be released on Monday. After Monday we expect more people to become active in this thread, since the release will attract miners and traders.

[vindyne8]

Sorry if I missed this, but what time/date does this go live East Coast US?

[hisun]

Seems not many people here?

The coin has not been released yet. It will be released on Monday. After Monday we expect more people to become active in this thread, since the release will attract miners and traders.

good news.
hava a free join  in ?

[TheFlyingDutchman]

Sorry if I missed this, but what time/date does this go live East Coast US?

The coin goes live on Monday. We're allowing investors to get a piece of the premine until then.

[Crypto-t]

I've read some pretty ridiculous/stupid things on the internet in my lifetime.

But this may very well take the cake.

And the fact you have garnered over 2 btc's on this junk just speaks volumes to the collective IQ of the crypto community.

[TheFlyingDutchman]

Daily update from the AirdropCoin team:
We're in the 6th day of the IPO. This means there are 2 days remaining until the IPO closes and the coin goes live.

As it stands, we have raised enough money for one of our team members to travel to the winning location and hand out the premined coins from the ground. It's not ideal, but we'll do what the raised funds allow us to do. At least we will be able to hand out the coins at the winning location one way or another, so things could be worse.

We had been in talks with a potential sponsor the past 2 days, one of the biggest altcoin exchanges on the internet, but unfortunately they backed out when the BitCoin price plummeted. Securing this sponsorship would have made the airdrop possible instantly, with funds to spare. They've told us that they will reconsider after the coin has gone live. We will keep the community updated on any progress on this.

Hopefully the last 2 days of the IPO will show some more action, which will increase the chances of plane airdrop. For information on how to join the IPO, please see the 'Invest' section of our website.


We've had 150 location votes so far. The number 1 location is still a city called Barranquilla in Colombia, South America. Karlsruhe, a city in Germany, is currently number 2.

Location voting closes in 3 weeks, so a lot can still happen.

Airdrop commences in 70 days, 11 hours and 28 minutes at the time of writing this post.

Thank you to all supporting our project.

[TheFlyingDutchman]

Announcement:
We have decided to abort the AirdropCoin project.

http://www.thisdayinmusic.com/upload/plane-crash_4851.jpg

Reasons:
1) IPO did not generate as many funds as we thought it would. We needed at least 10 times as much investments to successfully execute the operation.
2) Issues brought up by the community regarding legality of airdrop execution. We still think we could have pulled it off with the right amount of funds generated and creative problem solving, but this is obviously more of an assumption than a fact at this point.
3) Overall negativity from the community. We had expected this project to get a higher level of positive feedback than it did. Most feedback turned out to be quite cynical.
4) Lack of buzz the project has generated up until now. We had expected more buzz.

The root cause of failure was lack of community believe in the project's scope.

We have decided that our professional lives are too busy to justify further time investment in a project that is more likely to fail than to succeed at this point.

Naturally (well, maybe not naturally in the world of Bitcoin), we will be fully refunding all people who have chosen to join the IPO. They will be receiving an email with instructions on how to get their BTC back this weekend.

Finally, I'd like to say the following to all the people who have called us a 'scam'; Next time, please think twice before you call something a scam. There is a lot of cheating in this scene, but there are some good people that actually want to make a difference.
We would have gotten a free trip to a cool place somewhere in the world, and would have done something really cool for the local community there and generate a shitload of buzz. Why wouldn't we?

We have no hard feelings though, trolls were expected, as was the chance of failure.

If you have anything to add this, it would be good to hear your thoughts on where you think we went wrong.

The AirdropCoin Team

[virtualdn]

this was a crazy great idea imo

[fengkaitj]

What's a pity....

[blackvoice]

air drop means we can get free coin from the dev team

so happy to know that

I want to be a member of your team

[ClevelandRocks]

To echo my teammate, thanks to those who decided to support us. It's disappointing we weren't able to follow through on this.

However, I think we learned a decent amount from this project, and I'm confident we'll be able to find something exciting to work on that may garner a bit more acceptance from the cryptocurrency community.

[Bit_Happy]

Helpful tip:
Try to think of something that has lasting value after the initial stunt.
(i.e. Was the winning city going to have a chance to rename the coin into something more "usable" than AirdropCoin?)

My first reaction was very positive.
Later I did ask some questions. Better luck with your next project.

[327037584]

I did not receive a refund of mail, reason and I like to participate in the IPO, my mailbox service provider rejected. I saw project termination notice, I will send you the mail, please reply. Thank you!

[fengkaitj]

I haven't recieved the email regarding refund. Have you sent it to me? My email-fengkaitj@sina.com

[JanPavel]

I forgot my Sarcasm sign... am I at the right place?!

[Bit_Happy]

I forgot my Sarcasm sign... am I at the right place?!

Why to "rub it in?"
They are giving refunds, so why be sarcastic?

[Zackgeno96]

I forgot my Sarcasm sign... am I at the right place?!

Why to "rub it in?"
They are giving refunds, so why be sarcastic?

you sure about that......

[Bit_Happy]

I forgot my Sarcasm sign... am I at the right place?!

Why to "rub it in?"
They are giving refunds, so why be sarcastic?

you sure about that......

I'm sure they claim to be giving refunds.
How many other IPO's gave up and offered refunds, any?

[TheFlyingDutchman]

I forgot my Sarcasm sign... am I at the right place?!

Why to "rub it in?"
They are giving refunds, so why be sarcastic?

you sure about that......

I'm sure they claim to be giving refunds.
How many other IPO's gave up and offered refunds, any?

We've just sent out the emails to our 13 investors. Sorry for the delay. Don't worry, we don't steal.

[TheFlyingDutchman]

So far only 2 emails have come in. We're waiting another day to get some more responses, then we'll perform the refund for all received emails.

[coinzcoinzcoinz]

Thank you for refunding me, good luck in the future

[oker]

The lack of publicity, nobody knows.

[oker]

why there's anyone care about "IPO"? If you want IPO, just write a coin yourself, it's so easy and will take 15mins to do. Only stupid will buy into "IPO".

[Altynbekova]

Where is exchange where we can buy and sell airdropcoin?

Also will it be a prime exchange or a loser exchange?

[madmartyk]

where is exchange?

There is no coin!!  How can there be an exchange!  This thread is way over a year old!!!  LOL