[PRE-ANN][X11][PoW][BTO] BITORE | A Unique Currency Backed by CEX.IO GH/s

[Bitore-Dev]

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Bitore is a unique currency which is supported by the world-renowned cloud-mining service, CEX.IO. The price of Bitore fluctuates depending on the value of gh/s per bitore. Bitore will feature an IPO where all funds will go directly towards CEX.IO and all mined funds will be reinvested back into purchasing more gh/s from CEX.IO. Why do we do this, you may ask. Well, we invest into CEX.IO to prevent Bitore from reaching the all-common zero value. This routine has hit hundreds of other altcoins which exist in the world and we, as developers of Bitore have devised this excellent idea.

Bitore is forged by the X11 algorithm rendering it ASIC resistant and ensuring that all owners receive a high level of security. Although it is overused and old, the X11 algorithm is backed by a huge community of altcoins allowing us to be up to date with security patches and bugs. Bitore is solely being constructed for the benefit of the Bitore community and thus, meaning that Bitore will be a non-profit coin for us, the developers. The amount of funds generated by CEX.IO will be visible on our website, showing a genuine use of the input you, the community, has contributed.


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100% of the IPO of Bitore will be spent only on CEX.IO miners. If you choose to invest and participate in Bitore's IPO, this would increase the price of Bitore and you, as the investor will receive an annual profit of 15% or more. As mentioned before, the main reason why we have chosen to introduce an IPO is to keep the price stable in relation to CEX.IO. We promise you that we will invest all earnings into CEX.IO with none going into our pockets.


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Premine: 95%
IPO/ICO: 100%
Confirmations: 6
Coin Name: Bitore
Abbreviation: BTO
Block Time: 1 Minute
Total Coins: 100,000,000 BTO
Block Reward: 4 BTO
Release Date: 1st August 2014
Current Price: 100Gh/s per BTO
Algorithm: X11 Proof of Work
Difficulty Retarget: Every 2 blocks
Minimum Transaction Fee: 0.0001 BTO]


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1. Launch Wallets
2. Set Up Website
3. Get into Exchanges


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https://i.imgur.com/vY6p6wy.pnghttps://i.imgur.com/zGj73nS.pnghttps://i.imgur.com/Vt1Wd5t.pnghttps://i.imgur.com/98oyPE8.png


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Coming Soon


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https://i.imgur.com/LreZtkZ.png


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Current Price: 1~ Gh/S | 0.0046~ BTC | 1,000 BTO
Minimum IPO order: 0.1~ Gh/S | 0.00046~ BTC | 100 BTO

In order to participate in Bitore's IPO, please send us a private message with the amount of Bitcoins you wish to invest and your bitcoin address. A member of our team will reply with a unique bitcoin address for your payment. Please understand that the price of Bitore may change more than your liking before we can reply to your message. Refunds can be requested if needed, Escrow is also available if needed.

Bitore not sold in the first stage of the IPO will be listed on exchanges for the same or 5%+ price (not dumped).


IPO Participants

[Ofenkaese]

looks...

...different
...interesting
...maybe fair


have to think about it.

[Bitore-Dev]

Due to a low supply of total coins we have changed Bitore to a proof of work coin. An official P2Pool will be launched upon release of the coin. Unfortunately, we will not be listing third party pools to our thread or our website.

Total of 50 PoW coins
Block Reward: 1 μBTO (0.000001 BTO)
Block Time: 1 minute (60 seconds)

Note: These specifications may change prior to launch.


Thank your for your co-operation,

Bitore Development Team

[SecondsOld]

You spelled introduction wrong in your heading image.

[Bitore-Dev]

You spelled introduction wrong in your heading image.

Hello SecondsOld,

Thank you for informing us of our mistake.
We have fixed the image already.


Cheers,

Bitore Development Team

[changetheworld]

One to watch...possibly

[tracemoon]

Premine: 95%
shit chinese coin

[Bitore-Dev]

Premine: 95%
shit chinese coin

Hello tracemoon,

It would be preferred if you could read through all of the thread before you come to conclusions.
Bit Ore is a non-profit coin with all funds going straight to Cex.io to support the coin.
None of the Premine or IPO funds are going to the Devs as a reward/payment for building or supporting the coin.

Thank you for your co-operation,

Bitore Development Team

[teo91v]

@Dev

There are some bounty for the Italian Translation??

[belief]

IS this a scam coin too??? so many look good coin turned out to be a scam

[Bitore-Support]

@Dev

There are some bounty for the Italian Translation??

Hi Teo91v,

We currently have a team of developers who will cover all translations and other services. If we require any help in our development process we will update this post or future posts. In the meantime, we are grateful for your offer but we will have to decline it.

Sorry,

Bitore-Support

[Bitore-Support]

IS this a scam coin too??? so many look good coin turned out to be a scam

Hi belief,

We can assure you that Bitore is not a scam coin unlike the ones you may have experienced in the past. It is your choice as to whether or not to trust us, we, as of now, we cannot convince you that we are not a scam. But we will say this, we are a legitimate coin seeking to expand across the globe with this new idea of being backed up by CEX.IO. Only time will prove that we are not a scam coin after it has been announced.

Yours Sincerely,

Bitore-Support

[coolmyrig]

are there  some bounty for the  Chinese Translation??

[Bitore-Support]

are there  some bounty for the  Chinese Translation??

Hi coolmyrig,

As we mentioned before, at the time of writing this reply, we currently do not need any help in our development process. We will update the main thread if the time comes when we are in need of help. We thank you for your considerate offer.

Yours Sincerely,

Bitore-Support

[coolmyrig]

why you are using the BTC logo in your thread so many!?

[Bitore-Support]

why you are using the BTC logo in your thread so many!?

Hi coolmyrig,

Bitore is backed by CEX.IO which specialises in the mining of Bitcoins. As mentioned in our original post, Bitore's price is determined by CEX.IO miners. Thus, we have chosen modified the BTC logo to illustrate our purpose in this industry of Bitcoin mining. 

Thanks,

Bitore-Support

[dawj20]

an 100% premine will render it ASIC resistant

Premine: 95%
IPO/ICO: 100%

Due to a low supply of total coins we have changed Bitore to a proof of work coin.

...what?

[jc12345]

Newbie dev account created today
Anon dev
95% Premine
IPO

High risk. Probably a scam. What if the IPO funds never reach CEX.IO? What if it is re-routed to the dev account? Sorry but the risk is higher than my risk appetite.

[Bitore-Support]

an 100% premine will render it ASIC resistant

Premine: 95%
IPO/ICO: 100%

Due to a low supply of total coins we have changed Bitore to a proof of work coin.

...what?

Hi dawj20,

As this is just a pre-ann, specifications will vary prior to release date and in this case, we have changed it to be a proof of work coin meaning 5% of it can be mined after release.

Thanks,

Bitore-Support

[Bitore-Support]

Newbie dev account created today
Anon dev
95% Premine
IPO

High risk. Probably a scam. What if the IPO funds never reach CEX.IO? What if it is re-routed to the dev account? Sorry but the risk is higher than my risk appetite.

Hi jc12345,

We understand your concern in the risk of our coin but our premine is only to benefit owners of Bitore, without an IPO, this coin would end up like other altcoins without premine with the value of the coin sitting at near-zero. In response to your concern with the "newbie account" and "Anon dev", most new coins are released with an account name relevant to the coin. Additionally, our head developer has been involved in the creation of numerous altcoins and some other developers have their own personal accounts on this forum and thus, we have chosen to create a new account which is dedicated to our project. As for scamming, please read our previous reply regarding that topic.

We hope this clears things up,

Bitore-Support