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Teka (OP)
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May 22, 2014, 08:42:17 PM
Last edit: May 24, 2014, 10:13:42 PM by Teka |
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Xero is a brand new cryptocurrency which will begin it's ipo next week.
However unlike most IPO coins that turn out to be a scam or have no plan for the future, xero is different.
Xero has a plan for the future but it's also a plan that will be constantly evolving with investor feedback.
Yes You! as the investor will get to choose how the funds are used. 
New Plan: https://bitcointalk.org/index.php?topic=621330.msg6915938#msg6915938
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 through all stages to levitate any concerns do dumping.
IPO will start on Monday 26th of May.
Coin will be launched within two weeks of 25BTC received.
After launch investors will be receiving their funds as soon as possible. Please note they will be manually processed so this takes time.
The Distribution
Team: 10% of the Supply
IPO: 90% of the Supply (Split into 4 different stages)
YTD
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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Teka (OP)
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May 22, 2014, 08:45:31 PM |
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Tell us more.
Yeah sorry about that posted the thread to early by accident. I will finish the write up asap. |
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varunsin
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May 22, 2014, 08:54:54 PM |
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coin info?
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soyfirst
Newbie
 Offline
Activity: 42
Merit: 0
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May 22, 2014, 08:57:23 PM |
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is it a new code coin?
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pandher
Legendary
Offline
Activity: 952
Merit: 1000
Stagnation is Death
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May 22, 2014, 08:57:46 PM |
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Waiting for specifications
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Teka (OP)
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May 22, 2014, 08:58:30 PM |
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Waiting for specifications
Specifications are subject to change if most investors feel that they could be improved. |
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azwccc
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May 22, 2014, 08:59:54 PM |
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everything looks good until I see Algorithm : Scrypt.......hmmm
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Bitrated user: azwccc.
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Teka (OP)
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May 22, 2014, 09:00:58 PM |
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everything looks good until I see Algorithm : Scrypt.......hmmm
It's an established algorithm and it will make it easy for the funds to be distributed efficiently. However, as I said above feedback is always appreciated. |
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azwccc
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May 22, 2014, 09:04:25 PM |
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It's an established algorithm and it will make it easy for the funds to be distributed efficiently. However, as I said above feedback is always appreciated.
I would vote cryptonote/cryptonight https://cryptonote.org/inside.php |
Bitrated user: azwccc.
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mafia
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May 22, 2014, 09:10:40 PM |
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when is release date?
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Teka (OP)
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May 22, 2014, 09:11:51 PM |
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when is release date?
I've just added phases to the OP. |
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Teka (OP)
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May 22, 2014, 09:32:51 PM
Last edit: May 22, 2014, 10:07:00 PM by Teka |
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Don't forget to follow xero on twitter: https://twitter.com/xerocurrency . I will be announcing investors perks as certain milestones are hit. edit: Added distribution. |
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Teka (OP)
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May 22, 2014, 10:26:42 PM |
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wait for you
Alright no problem, if you have any questions just ask. |
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cryptohunter
Legendary
Offline
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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May 22, 2014, 10:31:14 PM |
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escrow?
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Teka (OP)
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May 22, 2014, 10:34:57 PM |
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After some initial feedback the reward per block has been changed to 150.
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Teka (OP)
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May 22, 2014, 10:36:09 PM |
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escrow?
Sure if you would like but all expenses are paid by yourself. Do however check my trust if you need reisurrance. |
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Teka (OP)
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May 22, 2014, 10:36:35 PM |
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I think you will do well
Good Luck
Thanks for the feedback, much appreciated. |
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TheMightyX
Sr. Member
Offline
Activity: 350
Merit: 250
Vires in Numeris
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May 22, 2014, 10:50:31 PM |
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An IPO that is 50% to advertise a coin with 0% new or innovative features... yeah... ...no  That money would be better spent investing in marketing and advertising an established coin that already has a community, features and architecture. |
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Teka (OP)
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May 22, 2014, 10:53:22 PM |
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An IPO that is 50% to advertise a coin with 0% new or innovative features... yeah... ...no That money would be better spent investing in marketing and advertising an established coin that already has a community, features and architecture. You are entitled to your own opinion, thanks for the feedback. However sometimes a coin with a plan for the future is better than a coin with new features just take a look at HVC. |
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