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Author Topic: The Riecoin Foundation  (Read 698 times)
northranger79510
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April 04, 2014, 01:39:09 AM
Last edit: April 04, 2014, 07:27:41 AM by northranger79510
 #1

Excellent News!

The Riecoin Foundation is now officially open for donations and project developments! After a few days of delaying the foundation, we have tested, re-tested, confirmed, and re-confirmed our multisignature address to make sure that deposits/withdrawals and other functions were working to ensure that the community's donations are safe with our organization. No individual has control over the wallet address so you can be assured that your donations is safe with us.

Why should you make donations to us?
We are an organization that helps Gatra focus more on core development of Riecoin so he does not need to focus on whether he has enough funds to continue working on Riecoin development. Your donations will indirectly and directly help Riecoin.

Riecoin is a community-based coin. Without your support, Riecoin will die off. If it dies off, Riecoin will have no value and we believe that Riecoin is simply too precious for that to happen. Without your support, Riecoin value will slow decline into nothingness.

By supporting us, you are investing in Riecoin's potential indirectly.

What will my donations go towards
Anything you'd like. Just make a suggestions and the foundations will consider it. A majority vote inside the foundation is required for us to start on a project and focus on it entirely.

Right now, we have an arbitrary list of projects we'd like to work on. These projects includes:

  • Android App
  • Block Explorers
  • Merchant Acceptance
  • Optimized Pools

We have a small marketing team right now (anyone is welcomed to join or just help Riecoin individually) that is working on a press release to help create a buzz around Riecoin.

If we can't work on a project suggested, we will use the funds to hire a competent developer, promoter, or other individual who are able to complete the project. We will assist them to our fullest extent.

Why should I trust my donations to you northranger79510?
Great question! You shouldn't. However, I alone cannot control the wallet address. In order to withdraw the funds, I need signature from the majority of the foundation's members. You can be assured that a group of random stranger will not conspire against Riecoin because everyone inside the foundation all want the best for Riecoin.

Info on the foundation:

Foundation website: http://riecoinfoundation.org/
Foundation address: 3Pvb65ey4a1oFRRRkTYH5WYvg8hoLEr1Tu

END NOTE:

Please realize that The Riecoin Foundation is made up of 100% volunteers who donate their time and money to the organization so at time, our projects may seem stagnant, but rest assure that we are working on the projects as fast as we can. Please respect the foundation's members because they are using their free time to help develop Riecoin into the best coin out there!

I hope everyone in the community donates to the Riecoin Foundation to help out Gatra and advance Riecoin. Let us go to the moon together and become part of history!
 

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Riecoin: Like us on https://www.facebook.com/TheRiecoinCommunity
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northranger79510
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April 07, 2014, 12:28:00 AM
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Quick Update:

At this time, the Riecoin Foundation is setting up and seeing what kind of budget we are working with. A few members are working outside of the foundation on several projects such as a block explorer and faucets for Riecoin. They are developing this for free. Thanks go out to them.

Right now, we have 810 RIC in our address which come out to less than $50 at current market price. We'd like to raise at leas $1000 so we can do some serious promoting with Riecoin. We have a small team of experienced marketers that needs $300 left to them to do promotional work.

If everyone on here donates 10 RIC, I am sure we can meet this goal before Monday. Riecoin are nothing without its member and we need you guys now more than ever.

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April 07, 2014, 10:49:09 AM
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Start accepting donations in BTC or LTC and you will receive much more as there are more people having them.

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