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Author Topic: [Pre-ANN][Bit-X] **IPO FROZEN - Straight-to-Cryptsy-and-Mintpal! SEC SAFE IPO**  (Read 5843 times)
Mastermine
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May 28, 2014, 02:58:45 AM
 #1


please view: https://bitcointalk.org/index.php?topic=628053.msg7828722#msg7828722

A Better Bit EXperience


Launch:
Pending IPO

Website:
http://www.BitXCoin.net



Algorithm:
X-13
PoW/PoS Hybrid
First X-13 with extended PoW for GPU! Why? PoW establishes a worth. GPU owners deserve a coin to be able to dedicated themselves to.  Not just another PoS only coin that eventually leads to the gutter. The cost of power and the miners are what make a coin worthy! Don't get caught in another PoS Ponzi scheme!

Total Coins:
21 Million

Difficulty Retarget:
Digi-Shield

Block Time:
60 Seconds

Pre-Mine:
0.5% Used for Promotions, Bounties and give-aways.
(More specific information upon IPO release)
1% For IPO investors

PoS:
1.75% per year
10 day minimum coin age

Designed to prevent over-inflation and promote long term investments.

PoW Block Rewards:
95% Reward = 1
5% Reward = Below
Block 0-100,000
= Random 1-1000
Block 100,001-250,000 = Random 1-750
Block 250,000-500,000 = Random 1-563
Every 250,000 = Random 1 to 75% of previous Max reward

This system is designed to deter short term mining making it very difficult for multi-pools to make a profit.


Due to recent events.  We have decided to open an IPO.  We were robbed of our personal investments and decided the only way we can afford to bring Bit-X alive is with your help! We also have decided this will be a great opportunity to get us directly on cryptsy!

IPO FROZEN!!
Due to recent news the IPO will be frozen until SEC papers are properly filed.  We will not accept ANY BTC until proper paperwork is acquired and public.


Why an IPO?
IPO is a great way to help set a base exchange rate, aswell as distribute coins to investors quickly. This gives a chance for early investors both in the IPO and in the market to get there hands on some Bit-X.  Also putting a coin directly on cryptsy after launch will spark huge interest.

The IPO will be handled in waves:

The first wave will pay for final development costs (which includes advertisement, final windows wallet development, faucet, block explorer, apple app, android app, mac wallet, reddit and IRC tipbot + much much more).  

The second wave will be strictly for the cryptsy vote (currently about 4.5 BTC required to be #1 on vote) and the mintpal vote (currently about 19 BTC)

Both the first and second wave will be capped at 25BTC

The third and final wave will be a set time limit with no cap that will be used for future developments. (IPO will be closed about 48 hours prior to launch)

The first wave will contain 50% of total IPO, The second wave will contain 30% of IPO and the final wave will contain 20% of IPO.  Early investors get more for offering there trust for longer.

First and Second wave minimum entry: 0.01BTC (2,500 shares each wave)
Third wave minimum: 0.005BTC (No limit)

To participate in the first wave:
IPO Frozen until SEC paperwork clears. Check back soon!




then send an e-mail to coinmastermine@gmail.com with the txid, amount and preferred display name (or bitcointalk name)


Why no escrow?
We need more funds for development. We were robbed of over 2 btc of our own investments to get started. So we now have a professional contracted team standing by with already tons of experience in crypto-currency development.  Once we have enough funds they will finish coin development professionally and they will also provide much more to be available at launch (listed above). We also will be starting a advertisement campaign which will absorb most of these funds.

Why trust us?
We see the potential in Bit-X.  The IPO amount is very small in comparison to what we have planned for Bit-X.   I have had this dream for some time and want to share it with others.  I am willing to offer any information about myself to those that request it.

Now that SEC paperwork is required there will be public information available about Bit-X and about myself. I will be held 100% accountable for all funds and using them properly.  Your IPO is safe and well used! White paper release soon (prior to IPO release)!

After the first wave is complete you will see the results! Once the second wave is complete we will have a guaranteed trip to the top of cryptsy AND mintpal vote! What coin has ever done that right at launch? This will be big and I intend to keep it going.  I am active and intend to continue to be. I will do whatever it takes to assure mining for those like myself (like most I use GPU only and can not afford ASIC). Our dev team is growing fast and so is the community.  This is why the IPO has an initial cap, I do not want to take more then is needed and will use it properly.  Please feel free to contact me with any questions.



First Pool: http://bitx.0feepool.com (open for pre-reg)
Second Pool: http://bitx.pool.mn
Third Pool: http://bitx.v2.dedicatedpool.com
Fourth Pool: http://bitx.suvpool.com


Post here or join us in #BitX on Freenode to get your pool listed.  Pools will be listed based on:
1. Trust
2. First to post


Our main focus will be getting on cryptsy.  There is no reason to work too hard elsewhere, contribute to the IPO to make it happen or donate below!  An exchange will be available on launch guaranteed. Post here or find us in #BitX on Freenode to get your exchange listed first! Your exchange will be listed on same criteria as above:
1. Trust
2. First to post

Start donating to the Cryptsy Vote fund!

Send your cryptsy points here:
166170cb2b8bbe226f66e27cb9ef5341707c72b8

Send your BTC here:
1LhDftdUwV36J6B9zBNAfq2PAJrDZkHy5G

All proceeds will be saved for Cryptsy Vote! (sending BTC here will NOT get you into the IPO)



Twitter: http://www.twitter.com/BitX13
Reddit: http://www.reddit.com/r/BitX
IRC: http://webchat.freenode.net/?channels=bitx
(#BitX on Freenode!)

We will need someone to run some of our social events and create and maintain a face-book page.  Contact me directly if your interested
Social acolyte acquired more fun to come!


Working currently on the BitX Safe-Pay system. We will be releasing a website very similar to coinbase.  This website will be setup with a PoF system (Proof of Funds) that we are working on that will verify your fund availability and give faster payments for online transactions.  

We also have a merchandiser prepared to create all sorts of BitX Gear. We will need a solid coin design and the "Dummy BitX" website complete prior to starting the process.  Once we have hats, t-shirts etc we will quickly put up a BitX shop and have our own items such as GPU, Game systems, PC components and whatever else we can get a hold of Smiley.

What is "Dummy BitX"? This is a project working along-side BitX to help promote to outside users un-related to the crypto-world.  It will start with a simple website that will be to the best of our ability "Dummy-Proof".  It will explain everything from start to finish about crypto-currency and how to get started.  It will also feature a new GUI miner that will simplify X-13 mining. We will then do everything we can to market this website.  We will be holding rally's here in the Pacific NW and we would hope many of you join in across the globe!

Feel free to post with your service offering.


There will be quite a few bounties offered after release.

If you can program an android wallet contact me!


Donate BTC to development fund:
17U22enEhXQqxuu6UpF5PDg9juU9wtdHg4



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lajz99
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May 28, 2014, 03:05:06 AM
 #2

When?

Mastermine
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May 28, 2014, 03:09:50 AM
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When?

Not today Smiley. Soon, very soon Smiley.

leaguecoin
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May 28, 2014, 03:10:38 AM
 #4

Good Luck Smiley

LeagueCoin, Welcome to the League of Cryptos
zxm7001
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May 28, 2014, 03:43:43 AM
 #5

want get some free coins
if you need chinese translation,pm me Smiley

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May 28, 2014, 05:23:18 AM
 #6



http://bitx.0feepool.com/


0% Fee pool online for pre-registration
PROP reward system.
Stratum with vardiff.
Stable SSD Server, DDOS protection.
Cashout are processed every minute.
EMail Support
bitalk
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May 28, 2014, 05:44:51 AM
 #7

very soon launch!

Mastermine
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May 28, 2014, 07:01:43 AM
 #8

want get some free coins
if you need chinese translation,pm me Smiley

There will be a huge list of bounties this will be included Smiley. I will be sure to PM you when the time comes Smiley.


Welcome! First on the list! Get em ready you never know Wink.

susu
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May 28, 2014, 07:04:49 AM
 #9

Contains an anonymous function?
rubberpool
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POOL.MN - we mine the hottest coins!


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May 28, 2014, 07:06:52 AM
 #10

http://bit.pool.mn will be soon ready for registrations.
Dev, please add it to your pool lists

Mastermine
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May 28, 2014, 07:46:37 AM
 #11

Contains an anonymous function?

Currently we are working on implementing and simplifying a coin-mixer.  A lot happening at once right now but once that is complete we will be looking towards what can be done to silent transactions. We feel this is not a major necessity and can be implemented with the coin-mixer for those that need it.  Later down the road it may become a higher priority but it is currently very difficulty to not leave some sort of paper trail.  Also transparency in the beginning tends to make people feel a little safer. We don't need anyone bringing any bad JuJu over nothing o.O.

For now transparency, the future brings new plans Smiley.

http://bit.pool.mn will be soon ready for registrations.
Dev, please add it to your pool lists

added Smiley and welcome!

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May 28, 2014, 08:19:34 AM
 #12

http://bitx.pool.mn/ will soon be ready for mining!

http://bitx.pool.mn/ offers:
• 0,99% fees
• Powerful dedicated server
• DDOS Protection
• Friendly support via email, jabber or support forums
• Skilled admin

Please, join us



POOL.MN support email: team.pool.mn@gmail.com
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May 28, 2014, 10:03:56 AM
 #13

Sounds good, Dedicated will be in too!  I'll make a pool in the next few hours


DEDICATEDPOOL.COM
Mastermine
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May 28, 2014, 04:29:46 PM
 #14

Sounds good, Dedicated will be in too!  I'll make a pool in the next few hours



Good to hear Smiley! always good to have a dedicated pool Wink


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May 28, 2014, 04:30:52 PM
 #15

B(ollo)x

 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy


nice1

who's holding Bx??? that's just crass man.

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
CryptoGretzky
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May 28, 2014, 04:32:31 PM
 #16

Ninja within 2 weeks... you mean sometimes today? Wink

cryptoangel
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May 28, 2014, 04:38:15 PM
 #17

If only it was today!, can you add a sample config file + name.

WhyMe
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May 28, 2014, 04:57:11 PM
 #18

I like ninja launch Smiley
Mastermine
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May 28, 2014, 11:30:18 PM
 #19

Added cryptsy vote fund, Please contribute!

I dont expect much until after launch but please contribute! Once cryptsy opens vote all proceeds will be dumped into the vote and the address will be changed to the direct vote address.

If only it was today!, can you add a sample config file + name.

Config will be added when final Announcement is made Smiley.

cryptoangel
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May 29, 2014, 12:17:14 AM
 #20

Added cryptsy vote fund, Please contribute!

I dont expect much until after launch but please contribute! Once cryptsy opens vote all proceeds will be dumped into the vote and the address will be changed to the direct vote address.

If only it was today!, can you add a sample config file + name.

Config will be added when final Announcement is made Smiley.

Looking forward to blast off I hope I don't miss it!.

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