btc-facebook
Legendary
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Activity: 1862
Merit: 1015
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May 23, 2014, 03:53:54 PM |
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thimo
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May 23, 2014, 04:04:36 PM |
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Scrypt coins need a really good plan or it will die like a firefly
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i can rent this1
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Firster
Newbie
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Activity: 44
Merit: 0
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May 24, 2014, 01:44:11 AM |
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What is the function? I see not much information.
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zhou123
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May 24, 2014, 04:17:28 AM |
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waiting for some news.xero?----intel?  |
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spring.yu
Member
Offline
Activity: 115
Merit: 10
Cryptocurrencies is future
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May 24, 2014, 06:17:48 AM |
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I think this coin is too similar to others.
You say it will different future, But now how could you let us trust you..
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Teka (OP)
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May 24, 2014, 07:57:57 AM |
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I think this coin is too similar to others.
You say it will different future, But now how could you let us trust you..
I'm not a brand new member with no history like most IPO founders |
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Teka (OP)
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May 24, 2014, 07:58:38 AM |
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waiting for some news.xero?----intel? Prospectus will be uploaded on Sunday, right now there is not a lot of news to give. |
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Teka (OP)
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May 24, 2014, 07:59:31 AM
Last edit: May 24, 2014, 08:52:07 AM by Teka |
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We need something new...
Thanks for the feedback, this has already been answered. A few examples of how innovation isnt always the key: FLT, MYR and HVC. |
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zhouhuiyan520
Full Member
Offline
Activity: 182
Merit: 100
Community
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May 24, 2014, 08:00:54 AM |
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is it a new code coin?
must old coin code.. |
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Teka (OP)
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May 24, 2014, 09:14:35 AM
Last edit: May 24, 2014, 01:22:39 PM by Teka |
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It seems like there a lot of concerns some of which some are more valid than others but there isn't a lot of interest. I will announce on Sunday if the IPO will be going ahead in its current form.
If the details are changed this coin will most likely become a fully pos investment coin where dividends are paid out. However it also means that a higher percentage of IPO funds will go to the team.However there is a possibility of a total cancellation.
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btc-facebook
Legendary
Offline
Activity: 1862
Merit: 1015
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May 24, 2014, 12:19:11 PM |
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waiting for some news.xero?----intel? Prospectus will be uploaded on Sunday, right now there is not a lot of news to give. good ideas |
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Firster
Newbie
Offline
Activity: 44
Merit: 0
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May 24, 2014, 01:06:47 PM |
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Looks very strong, but I don't see what?
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Teka (OP)
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May 24, 2014, 01:24:11 PM
Last edit: May 24, 2014, 05:23:20 PM by Teka |
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Looks very strong, but I don't see what?
I'm not sure that I understand your question. On another note we are considering to change the plan by placing most of the IPO funds in to a financial 'multipool' . |
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Teka (OP)
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May 24, 2014, 06:02:03 PM |
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If we were to go ahead with the new plan, 90% of the funds will go towards a financial multipool. Rest of the funds will be used for social marketing and expenses.
This multipool will be investment fund which pays out dividends in xero each week. Investors will have a 49% voting share on the long term investments made. 90% of the dividends will be paid out to the investors, the rest (10%) will be paid out to the coin team.
Within the multipool 50% of funds will go towards long term investments, 25% will go towards purchasing mining equipment and the rest will be spent on altcoin trading.
The IPO will be divided into 4 sperate stages. In total 90% of the coin supply will go towards investors and 10% towards the team. This means that the coin will most likely change to a POS format.
Each stage will have an option of escrow and a address will be made public on where funds are held.
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Teka (OP)
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May 24, 2014, 10:09:13 PM |
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Updated the OP to reflect new plan.
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Teka (OP)
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May 24, 2014, 10:11:58 PM |
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escrows?
Yes of course. Can you recommend one? |
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tim14
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May 24, 2014, 10:13:17 PM |
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"However unlike most IPO coins that turn out to be a scam or have no plan for the future, xero is different." So xero will scam me during the IPO and also in the future?  I mine it |
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Teka (OP)
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May 24, 2014, 10:15:04 PM |
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"However unlike most IPO coins that turn out to be a scam or have no plan for the future, xero is different." So xero will scam me during the IPO and also in the future? No, I understand your concerns but please check my trust/post history before making them. Also why would 90% of the total distribution go to investors if the idea was to scam? |
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