[ANN] [MUL] MultiCoin - with decentralized ATM - MULTIPOOL - Now Distributing

[multiman]

How is the 0.34 BTC from investment being able to generate 2.85 BTC? If such is the formula to calculate multicoin price, how can you make sure the ATM has enough BTC to supply for cashing out request?

The total amount of bitcoin generated is coming from 2 sources: Miners and Investors.
There are 30 rounds, each round last 24 hours. There are 5,000,000 MUL sent to Miners and 5,000,000 MUL sent to Investors each round.
Current round number is: 3
There are 0.34 Bitcoin invested from Investors this round and 3.76 Bitcoin generated from miners this round.
The price is calculate very simple: Total bitcoin generated from miners and investors of the previous round divide by the total number of MUL sent out. So there is always enough BTC for the ATM to fulfill cash out requests.

[kalvin37]

There are 0.34 Bitcoin invested from Investors this round and 3.76 Bitcoin generated from miners this round.
The price is calculate very simple: Total bitcoin generated from miners and investors of the previous round divide by the total number of MUL sent out. So there is always enough BTC for the ATM to fulfill cash out requests.

All right, for round 2, 0.34 BTC came from investor while 3.76 from miner. So that 0.34/(0.34+3.76) or 8.3% BTC came from investors. The link below says 58.76%.
http://multicoin.me/history/2

Besides, round 2 has about 300MH/S on average according to your site but generate 3.76 BTC over 24 hours. The efficiency beats every multipool on the market by a large margin. Is it right?
http://poolpicker.eu/text.php

EDIT: the ATM setup solely depends on your estimate of multicoin price. If you inflate the amount of BTC being generated, this coin is just a scam.

[multiman]

There are 0.34 Bitcoin invested from Investors this round and 3.76 Bitcoin generated from miners this round.
The price is calculate very simple: Total bitcoin generated from miners and investors of the previous round divide by the total number of MUL sent out. So there is always enough BTC for the ATM to fulfill cash out requests.

All right, for round 2, 0.34 BTC came from investor while 3.76 from miner. So that 0.34/(0.34+3.76) or 8.3% BTC came from investors. The link below says 58.76%.
http://multicoin.me/history/2

Besides, round 2 has about 300MH/S on average according to your site but generate 3.76 BTC over 24 hours. The efficiency beats every multipool on the market by a large margin. Is it right?
http://poolpicker.eu/text.php

EDIT: the ATM setup solely depends on your estimate of multicoin price. If you inflate the amount of BTC being generate, this coin is just a scam.

The hashrate is not 300 MH/s over 24 hours. There were miners mined at stopped mining over the past 24 hours. 300 MH/s is just the current hashrate.
The current running round with 0.34 BTC invested and 300 MH/s is 3.
The link here: http://multicoin.me/history/2 shows the finished round which is round 2. There was 4.06 Bitcoin invested and 2.85 BTC generated from miners that round.

[kalvin37]

The hashrate is not 300 MH/s over 24 hours. There were miners mined at stopped mining over the past 24 hours. 300 MH/s is just the current hashrate.
The current running round with 0.34 BTC invested and 300 MH/s is 3.
The link here: http://multicoin.me/history/2 shows the finished round which is round 2. There was 4.06 Bitcoin invested and 2.85 BTC generated from miners that round.

My apology. I read the stats wrong.

[multiman]

EDIT: the ATM setup solely depends on your estimate of multicoin price. If you inflate the amount of BTC being generated, this coin is just a scam.

I don't think I can inflate anything. All the informations are public on the website. You can always check statuses of previous rounds here: http://multicoin.me/history
and status of the current round here: http://multicoin.me/round
The informations about every round are pretty clear.

[multiman]

We need to get on mintpal to really get the ball rolling. Maybe list on all exchanges and we will start voting. It will take a long time without bribes

Voting won't work, you will need at least 17 BTC to be listed on Mintpal: https://www.mintpal.com/voting

[multiman]

I forgot to mention that I also contacted poloniex to list Multicoin.

[danstanit]

http://prntscr.com/3b8p2m I am having problems syncing my wallet, yesterday it was fine. But it has been trying to sync for around 10 hours now. And I tried restarting it a few hours ago still having the same problem. BTW Im using mac

[multiman]

http://prntscr.com/3b8p2m I am having problems syncing my wallet, yesterday it was fine. But it has been trying to sync for around 10 hours now. And I tried restarting it a few hours ago still having the same problem. BTW Im using mac

Which block number are you at?

[Bitcross]

Hi Multiman,

I think that wasn´t a good idea to configure the register process in the dominion as anonymous, you are planting the idea that you will run away with the BTCs.

Could you give us any guarranty about that security and honesty of the proyect?

Why you didnt include POS?

Which are your plans for the future?

Regards.

Bitcross.

[jztxeno]

Hi Multiman,

I think that wasn´t a good idea to configure the register process in the dominion as anonymous, you are planting the idea that you will run away with the BTCs.

Could you give us any guarranty about that security and honesty of the proyect?

Why you didnt include POS?

Which are your plans for the future?

Regards.

Bitcross.

Yup, got the same problem.

Lets say per day = 30 BTC * 30 Days = 900 BTC -> ~500k€
MUL got spreaded and price is ~100 sat.

Dev runs away with the BTC and does not contain support anymore - price falls down to 0

[danstanit]

http://prntscr.com/3b8p2m I am having problems syncing my wallet, yesterday it was fine. But it has been trying to sync for around 10 hours now. And I tried restarting it a few hours ago still having the same problem. BTW Im using mac

Which block number are you at?

Actually it just synced out of nowhere when I went to check

[Bitcross]

I have some my doubts about this... looks very strange that in the first round with the total amount of 11,31 BTCs  inveseted, there are two investors investing the same and the highest amount (5BTCs).

mQ8TiYzsHYRjmsAhbGu7SWidsrb9GubV4a   ---    5.00/11.31   ---    44.22%  ---   2,211,199.40 216fd8dd5d36d3c766ed72ecf7e808a2ccd4c0f8908e24f6e1051f99f8fedba
                                                                                                                                       TOTAL 88,44%          
mWS9S1kw5CkCxroiiFfsrkHJfXexXsvE78   ---    5.00/11.31   ---    44.22% ---    2,211,199.40    fab7659ed27c5b3e3c44f325c37a3759a3c82feef9abba062b6e0473f5ad5d6a

Link,

http://multicoin.me/history/1

If we remove the two "investors" remains 1,31 btc as total amount which is more "undestandable".


We have also 2 stranges "investors" in the second day,

mQ8TiYzsHYRjmsAhbGu7SWidsrb9GubV4a ---    2.50/4.06  ----   61.52%  ----   3,076,249.60    3850eb9339cb5c9ab8e2aa7755c98587eab38c654c846bd04240fbb2e12564d8
                                                                                                                                        TOTAL 86,13%  
mWS9S1kw5CkCxroiiFfsrkHJfXexXsvE78  ---   1.00/4.06 ---    24.61% ---    1,230,499.84    a351606b03b14c7f6d56b81250d46432b510da990a79e053c500fd2357535165

Link,

http://multicoin.me/history/2

Regards.

Bitcross.

[danstanit]

So from my understanding we have to wait after all 30 rounds is over before cashing out our MTC for BTC?

[richiela]

Is there any plans to get it listed on exchanges or are you waiting till all the coins have been distributed before that?

Already contacted bittrex to list the coin.

https://www.bittrex.com/Market/Index?MarketName=BTC-MUL

There you go folks

Happy trading.

Thanks,
Richie

[multiman]

So from my understanding we have to wait after all 30 rounds is over before cashing out our MTC for BTC?

Yes, or you can sell your MUL at: https://www.bittrex.com/Market/Index?MarketName=BTC-MUL

[multiman]

Hi Multiman,

I think that wasn´t a good idea to configure the register process in the dominion as anonymous, you are planting the idea that you will run away with the BTCs.

Could you give us any guarranty about that security and honesty of the proyect?

Why you didnt include POS?

Which are your plans for the future?

Regards.

Bitcross.

I'm using POW instead of POS because there is another unique feature of MULTICOIN that can only be implemented if we use POW. A protocol built on top of MultiCoin help making the M-ATM decentralized.
I will announce more details after the distribution ended.

[multiman]

Hi Multiman,

I think that wasn´t a good idea to configure the register process in the dominion as anonymous, you are planting the idea that you will run away with the BTCs.

Could you give us any guarranty about that security and honesty of the proyect?

Why you didnt include POS?

Which are your plans for the future?

Regards.

Bitcross.

I'm using POW instead of POS because there is another unique feature of MULTICOIN that can only be implemented if we use POW. A protocol built on top of MultiCoin help making the M-ATM decentralized.
I will announce more details after the distribution ended.

Thank you for the question anyway, those are good questions. Many people need these informations. I'll put it in the FAQ section.

[frank123m]

Good idea, but it takes too long for each transaction.

[multiman]

Good idea, but it takes too long for each transaction.

Usually a transaction is confirmed after 6 blocks which only takes 6 minutes.