QIBUCK COIN (QBK) - POS/POBH - 100% ICO
LAUNCH DATE 10TH AUGUST 2014
https://poloniex.com/icdrequirementsOur Motto: “Let’s not wait for Miracles to happen - Let’s create them”.
BAGHOLDER ALERTS
QIBUCK FOUNDERS PLEDGING TO STAKE 10K OR MORE QBK IN THEIR OFFLINE WALLETS TILL FURTHER NOTICE PLEASE SEND IN YOUR APPLICATION HERE: http://qibuck.com/qibuck-founders/ ONCE THERE ARE 25 FOUNDERS THE DOORS WILL CLOSE THANKS. WE ARE EXTENDING FOUNDERS FOR ONE WEEK TO 7TH OCTOBER - 12 PM EST COUNTDOWN: FOUNDER POSITIONS LEFT: 0
QIBUCK INTRODUCTION - FIRST PROOF OF BAGHOLD COINQIBUCK COIN is the creation of not one but many like minded Souls that have come together to help create a solid Crypto Currency that will be here for years to come.. Many who know one of us as qibucks on the Poloniex Trollbox will remember all the laughter and jokes we used to have around our bagholding coins that either died or nose dived, so we wanted to remedy this situation by creating a coin that everyone would be proud to baghold. So anyone bagholding 100 coins or more will be eligible to earn a monthly bonus from our investment portfolio’s net income on a monthly basis forever, as long as they hold 100 coins or more.
What makes bagholding QIBUCK COIN so special then? Every Bagholder of 100 or more QIBUCKS will be sharing in the revenue created by all the ventures we invest in from the offset and from referral commissions and sales from various sites and activities. You will not only earn from the proof of stake but you will earn also from the THE PROOF OF BAGHOLD, which is the part that is going to create intrinsic value for our coin. When our investment income generated every month increases and QIBUCK COIN is backed up by these investments wouldn’t that be a desirable reason to want to own and hold this coin? We will also share our revenues to create more and more distribution of QIBUCKS to those less fortunate Ones too who need a break to be able to thrive and blossom. We believe that every Being on this planet has the right not only to a nice warm home and security, but also has the right to own the freedom to grow and develop to its fullest potential and to this end we present to you QIBUCK COIN.
PROOF OF BAGHOLD - POBH DISTRIBUTION OF MONTHLY NET REVENUESHere is how the NET REVENUES from all outside incomes will be dispersed on a monthly basis. All wallets on the Richlist that at the end of the month baghold 100 or more QIBUCKS will be eligible to earn a monthly bonus/gift.
1. MANAGEMENT POOLJTGANGUS ,UBEING, JAMES JY, JDS1000, SILVERKINGUK, BITCOINMAFIA, QIBUCKS, ARMIN, DRZINX, PI - 2%
The above mentioned are the CORE STAFF and PARTNERS OF THE QIBUCK COIN PROJECT and will be sharing all the tasks including investment of Capital, Trading Altcoins, Mining ninja launches, heavy marketing campaigns and payment of monthly bonuses. Salaries will be paid in Bitcoin via the One Wallet card.
TOTAL IN THIS MANAGEMENT POOL: 22%2. PROOF OF BAGHOLD POOLAll HOLDERS OF QIBUCK COIN that baghold 100 or more coins at the time of the monthly audit will be eligible to receive a bonus gift from this portion of the incoming revenues. Basically the more coins one bagholds, the larger the dividend bonus will be. This is what will help the price of QIBUCK grow over time as opposed to dwindle, due to lack of interest, dumping and moving on type of coins. Bagholders will be paid in Bitcoin. There will be one bonus dividend as having two dividends has not been taken into good stead. We thought it would have been a good addition but it was pointed out that this could be abused and correctly so. We take all feedback seriously and act accordingly. It will be percentage based on the amount that you own at time of audit taken from the block explorer bagholder list here:
http://explorer.qibuck.com/over100.php .The Percentage that is on POLONIEX wil be absorbed by the rest of the Bagholder percentage in the one dividend and calculated as so because POLONIEX EXCHANGE does not receive a dividend as this was voted on by the majority of the QBK Community. See here our first dividend payments paid out for September 2014:
http://goo.gl/GPJP2j . Bagholders can choose to be paid either in BTC or QBK. Only Bagholders who wish to be paid in BTC need to send us a pm with their btc addies and their qbk details as now we are percentage based, we no longer need any other info from QBK paid Bagholders as we already have them on the Block Explorer Bagholder list. Bagholders MUST HAVE THEIR COINS in the downloaded wallet until full payments are made. If we see that Bagholders take off their coins and put on the exchange before we get to make their payment they will not be paid, so please make sure you keep your coins in your downloaded wallets until the payment cycle is complete, thanks for your cooperation and understanding.
3. COMMUNITY GIVEAWAYS AND PROMOTIONSAn average of 5% will be used for giveaways and promotions to help the Altcoin Community become engaged in the Coin activities and also share in the wealth of QIBUCK COIN. We will also work with other Altcoins to help the Crypto Currency Market grow in all areas.
TOTAL FOR THIS POOL: 5%
4. REINVESTMENT/COMPOUNDING INTO MORE REVENUE GENERATING STREAMSThe rest of the Net Earnings will be invested into more revenue earning projects and activities so that each month the earnings for each pool increases, thus with time as the investments compound, our total net worth as an Entity as well as a Coin will grow exponentially. Eventually we will be able to afford the purchasing of fixed assets to grow even more solid income for Everyone. We will also have a set amount of BTC allocated to stabilizing the price of QIBUCK Coin.
TOTAL FOR THIS POOL: 23%PLEASE NOTE DUE TO EXPENSES, LIKE HOSTING, CREATION OF REVSHARE, BOUNTIES TO THIRD PARTIES ETC changing from month to month we are placing these categories in the gross Income Audit, so once these have been paid, all of the above is derived from the NET DISPOSABLE INCOME. All monthly bonuses and salaries/bounties will be paid for in BITCOIN via the ONE - WALLET card/System.. Please note all mentioned are subject to our monthly Revenues and is a bonus added gift to all engaged in QIBUCK.
Eventually as time goes on and our Revenues grow we will deduct up to 30% from our own salaried positions to create a Foundation to help the Less Fortunate around the World after our main Company Incorporation.
Name: QIBUCK
Ticker: QBK
algorithm: x13
POS/POBH - Proof of stake / Proof of baghold
5% PoS Interest, After 5 years drops to 2.5%
Maximum supply: 2.000.000 (2million) QIBUCK Coin
RPC Port: 49788
P2P Port: 49787
Premine 500,000 coins for ICOQIBUCK ROADMAP AND CORE INFORMATIONPHASE 1:LAUNCH OF QIBUCK COIN ICO and investment into first Investment phase including Bitcoin atm machines and shares, Mining rentals, Trading consortium, 1STOPSHOP, QIBUCKREV SITES etc, Distribution of Initial bounties and promotional effort and Stabilization Fund. Building QIBUCK as an instrument of wealth for holders of the coin is our main priority in phase 1. Initial distribution will be done through ICO with no PREMINE for the Team. We will purchase coins in the ICO like everyone else to pay for bounties and payroll from a portion of the Angel Investment Fund. We will have accounting and Payroll covering all aspects of our Coin and Investments Venture on spreadsheets accordingly with lists of our investments and amount invested as well as expense records. These will be available to members who baghold as it will be confidential due to the NDA agreement we have with Swiftbitz Limted. We will announce though gross earnings on the forum of all our revenue generating activities. A MULTIPOOL is also on the books so miners can mine for QIBUCKS.
PHASE 2 TECHNOLOGICAL ENHANCEMENTS AND FOUNDATION/CRYPTO CLUB : More bells and whistles to be created to make our coin even more up beat and on trend. We will also establish a foundation for charitable causes and also for educating the Masses into Crypto through our CRYPTO CLUB.
PHASE 3This is perhaps by far the most ambitious part of our whole project and we hope to collaborate with other Crypto Organizations such as Adsactly and the Universal crowd-funding investments s.a Portal (
www.u-ci.org) in the formation and creation of Crypto Currency Sustainable Living Systems around the World. To this end we seek to enrich and encourage Everyone who comes into contact with us and to reach out to those that would have no chance to survive or thrive otherwise. If we can achieve this and become more united as an Altcoin Community we can work wonders for All. As a Collective and more Cohesive Community we sincerely believe we can achieve this in our lifetime. We will also be collaborating with other coins and Devs in Joint Ventures through many avenues of business. We wish to become the next ‘DRAGON’S’ or ‘SHARKS” (in a good sense) but for Crypto Currency related projects.
MEET THE QIBUCK TEAM:SILVERKINGUK - Co Founder Visionary of QIBUCK/Investment and Overall Running of Operations / Investor
QIBUCKS(aka qiwoman2) - Co Founder Visionary of QIBUCK/Investment and Overall Running of Operations /Investor
JTGANGUS - ANGEL Investor / Great Whale - great POLONIEX Trollbox Whale
UBEING - ANGEL Investor / Great Whale - CEO of
www.u-ci.org and proud owner of first two way bitcoin atm in Europe:
JAMES J Y - CHINESE sector MANAGER/ PAYROLL and ACCOUNTS
JDS1000 - COORDINATION MASTER and MARKETING GURU - Co founder of Abundance Coin:
https://bitcointalk.org/index.php?topic=682939.0ARMIN - DESIGN BRAINIAC / Marketing Squad/ Mining MANAGER
DRZINX - SITE DESIGN/TECH NERD/SUPERBRAIN/Admin of SITES
BITCOINMAFIA - GEEK GODDESS/Marketing squad/SEO - WEB DESIGN
PI - SUPPORT COORDINATOR/HEAD OF GREEK SECTOR/WEB DEV/Admin of Sites/Forums
We sincerely thank all the Collaborators in this Project for without them this project would not be possible.
QIBUCK COIN ICO AND OPENINGPUBLIC POLONIEX LEDGER: poloniex.com/ledgers/qbk
DATE: 10TH AUGUST 2014
LAUNCH TIME ON POLONIEX was at : 17:00 (5:00 PM) UTC = 12:00 PM (12:00) EST
500,000 QIBUCK COIN was put forth for ICO/ICD on POLONIEX and sold out in just over 5 hours.
PRICE PER QIBUCK: 0.0002 BTC
100% ICD/ICO WAS HELD ON THE POLONIEX EXCHANGE:
https://www.poloniex.com/https://poloniex.com/icdrequirements 
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