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Just a reminder, duplicate applications will result the offenders removal from the distribution list. I am auditing in batches and will post the offenders on the OP.

Integrity is key to a successful coin. Please abide by the rules!

Quote from: Stinky_Pete on June 24, 2014, 11:32:20 PM

OK, so once you have fairly distributed the coins, what is next? I am tempted to invest in the IPO, but at the moment I see nothing of value.

I suggest that you should not list the coins on any exchange soon after launch, because almost everyone will dump them.

Looking at the message before mine, the distribution looks very labour intensive. Good luck.

Very valid points Stinky_Pete!

The free distribution will take several days to facilitate. The IPO coins will be distributed immediately. The exchange that I have been in contact with (coordinating details now, not a minor exchange, and I don't want to list it out of respect to the operator until confirmation has been made) will be expected to keep the market closed until all IPO coins have been distributed. The gradual deployment of the free coins will prevent a flood of coins within the first 24 hours, keeping supply tight.

Thank you for your wishes though

As far as future developments are concerned, I seek the participation of the community to further the development of the coin. What I offer is a fair distribution. I aim to prevent the lopsided advantage multipools and asics have over the average miner. It is up to the community to team up with us and direct the course of the coin as they see fit.

I guess you could say we aim to make the most "democratic coin" ever released!

We just had another IPO participant. I will update the distribution list by the end of the night.

I don't understand why people are against IPO's. You cant get everything for free in life.
It is a risk and you basically pay for it. Some of them are scams but there are some where the dev team puts in a lot of time and effort.
How do you think they can be compensated?

Good luck with the venture.

Quote from: OneMor on June 24, 2014, 11:29:48 PM

Quote from: T-800 on June 24, 2014, 11:23:25 PM

Sent an e-mail with my Bitcointalk account name in it. Is that all you need to do to receive a share?

Yep! I am populating a list of approved accounts. On distribution day (after IPO investors have received their coins), I am mass emailing all participants. They will forward me back their MorCoin address and I will begin the distribution.

Got a question on this. So, do the IPO investors also get one share as part of free distribution?

Nice!

I'm in! Messages sent Wink

Quote from: zorkafdo on June 25, 2014, 12:08:04 AM

Quote from: OneMor on June 24, 2014, 11:29:48 PM

Quote from: T-800 on June 24, 2014, 11:23:25 PM

Sent an e-mail with my Bitcointalk account name in it. Is that all you need to do to receive a share?

Got a question on this. So, do the IPO investors also get one share as part of free distribution?

Nope! Great question though.

Are you sure these numbers are correct?

Total Coins 5 Million

MorCoin - 40 Shares = 900880 Coins
Jibble (IPO Investor) - 40 Shares =900880 Coins
Bosman (IPO Investor) - 15 Shares = 337837 Coins
127 Free Participants - 1 Share = 22522 Coins

127 Free participants = 2.8 Million
Rest is 2.2 Million and its like only 3 investors of 0.02 BTC.. Huh

Super confused Huh

Hello

i would like to be a part of Morcoin Distribution stage

#Email sent

Looking great! Looking forward for something new

Quote from: zorkafdo on June 25, 2014, 12:28:40 AM

Super confused Huh

Ah! I just got a solid email from another participant related to your question. Here is my reply:

No problem, good question

Take 5 million coins..

At the time of that posting, we had issued a total of 222 shares.

Divide 222 by 5 million = 22522 coins per share

Multiply that by 40.. and whalla! 900900 Coins

Your coin allotment will decrease as more investors participate, as well as free shares are issued.

Let me know if you have any more questions! I’m online for the next couple of hours.

Sincerely,

MorCoin Dev

The math above in your post technically adds up to 4,999,731. The numbers will firm up when registration closes.

Remember!!! As more participants enter, the number of shares increases. As the number of shares issued increases, the number of coins issued (per share) decreases. The issuance is variable dependant on the number of participants. IPO purchasers can have up to the purchasing power of 40 free accounts. That said, the more people who invest, the "less" valuable each share is worth.

That said... the more widely distributed the coin is... the more valuable it becomes. I'd rather end up with 25k of coins that are heavely distributed than 250k of coins that are lightly distributed.

I want to add that I won't be online 24/7! I have a day job and this is my pet project. That said, I will post my availability in the OP everyday so you know when to expect replys to your BTC investments, free share requests, and forum questions.

I ask that anyone who sees people claiming I'm not around remind them to make note of my schedule in the OP.

Thank you!

I sent a letter to participate in the distribution. Good luck! Wink

Coin distribution UPDATED!

Thank you,

-MorCoin

Quote from: zorkafdo on June 25, 2014, 12:28:40 AM

Super confused Huh

Sorry Zorkafdo! I quoted our email discussion in answering your post! Regardless, it was a good question that needed a more public explanation!

Disclaimer: all purchases are non refundable and provide no guarantee of payment in the event of a failure to launch

MorCoin distribution seems very interesting. IPO plus free share is good with dedicated and honest dev. To become successful coin community support will be the key factor here. I'm in!

Quote from: Costner on June 25, 2014, 01:20:30 AM

Disclaimer: all purchases are non refundable and provide no guarantee of payment in the event of a failure to launch

Great call out Costner!

That disclaimer is 100 percent valid and correct. Anything can happen. Testing is being done and an organized deployment list is being maintained as this project evolves. I believe in honesty, integrity and transparent risk management.

I am not worried about the launch, however I want all investors to assume a small amount of risk (as any investor does when making an investment). Notice, I cap investments to 20 mBTC (with the primary objective of maintaining a fair distribution as well as the secondary objective of minimizing investor risk). Thank you for observing that disclaimer and adding it to the discussion.

-MorCoin