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Author Topic: [ANN] [IBC] IronBankCoin - Blocktech Hosted Network|ICO UPDATE|BlockchainApp  (Read 28467 times)
IronBank-Social
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August 02, 2014, 02:16:21 AM
Last edit: August 29, 2014, 09:59:41 PM by IronBank-Social
 #1

ICO Structure change

After consulting with our partners at Blocktech and much internal deliberation the IBC team has come to the conclusion that a change in ICO structure is necessary. The new structure will be as follows:

100,000,000 initial coins minted in block one
Proof of stake with a 4% interest rate
The ICO will consist of 10,000,000 coins
No other coins will be issued until the game is completed and released
The coins that are not being offered in the ICO will be held by blocktech until the games release. Upon release, Root Applications LLC will be given the coins. Root Applications LLC will then control the in game money supply in the roll of the Iron Bank, an economic game master of sorts.


We believe that this structure is the best way to both integrate IBC in our internal economy slowly as to not cause hyper inflation and to add value for our initial investors. It also lets us integrate another layer of the Game of Thrones world in to the game, The Iron Bank.

With the implementation of this new structure we will be extending the ICO for another week, it will close on August 29th, 2014.

Finally, we would like to extend the offer of a full refund to anyone who has contributed to the ICO up to this point as we understand that this ICO structure is not what you originally agreed to.

-Regards
The Iron Bank team.

IronBank Coin



Website (up shortly)
Twitter
IRC Channel

IronBank Coin [IBC] will derive value from the application connected to its blockchain.  We will be the first to implement an application which utilizes the blockchain technology in it’s entirety.  Presenting IronBank Coin, not just a coin but an app that delivers something completely unique and never before done.

https://i.imgur.com/H49qXmF.png

What is the IronBank and how does it create infrastructure?
Infrastructure - "The basic physical and organizational structures and facilities (e.g., buildings, power supplies, and roads) needed for the operation of a society or enterprise."
We are creating a medieval based fantasy in the digital world with IBC. Implementing a digital version of a Fantasy World where you can play in a 24/7 Global Game of Risk.  One giant continent, 7 kingdoms to choose from.  Engage in a land grab that could secure your immediate future, or take over someone else’s land.  Nothing is safe and the players decisions will will effect both the in game world and the currency tied to it.

https://i.imgur.com/AqOM2jR.png

The integrity of the IronBank is rooted in its strong community partnerships. We have enlisted Blocktech to maintain our network, hold the coins not publicly offered, and escrow our ICO. Blocktech has emerged over the past months as a company positioned at the forefront of the budding cryptocurrency industry. For instance, Blocktech has industry leaders in these sectors: Hardware, user experience, design, communications, development, finance, legal, social media, and cryptoeconomics.  We are in full agreement and terms with Blochtech, and will continue to ask for an outside opinion if/when we feel the need.  If you are interested in learning more about Blochtech, visit http://www.blocktech.com.  It is quite an honor to be able to work alongside a company with the vast knowledge at Blocktech as well as have the ability to focus on our application versus the daily struggles that the coin network may face.

https://i.imgur.com/8HUPY2p.png

It is important to understand that IBC is not necessarily tied to BitCoin in the way that most cryptocurrencies have been up until now. Instead, IBC will be tied to the internal economy of an application .  We wholeheartedly believe this is another aspect that sets us apart and will be something that allows us to succeed. Along with IBC, the value of in game land and partnerships with other players will play a major roll in the internal economy. This economy will all run on the IBC blockchain, opening up possible strategic avenues to players willing to explore said blockchain. All of this is in game economic play will be tied to the real world through IBC/BTC pairings on exchanges meaning actions taken in the internal economy will have real world economic consequences. Consider what happens if an empire arises in game and hordes the IBC, or if you and your alliance take over the land of another player leaving him penniless on the street. That economic tie to bitcoin also means that you can gain... or lose real value in the game. Will you try to fund a revolution with your friends or will you be content living under the protection of a lord? Maybe you want to raid caravans or partner with another alliance in a war for land with a third party. All of this will have tangible economic effects in game and on the markets.  
 
https://i.imgur.com/77zmY8e.png

In the near future we will post a detailed project map detailing our every move.  We want you to be informed, and have complete transparency to what we as a company are working towards. Root Applications LLC will begin soon after presale and will be posting a twice a week in our Developer Diary where the smaller components will be pieced together for the public and how it all works together.

FAQ

How do we know this isn't a scam?
Everything will initially be escrowed through, this includes the unreleased coins for the internal economy and any bitcoin received in the ICO and will be released as needed. Blocktech will also be maintaining the network. Having an established and trusted entity in the crypto space should both increase investor confidence and give the IBC team the freedom to develop the game and create the vibrant virtual economy we have planned.

Do you need the copyrights from George R.R. Martin?
Our current top priority is to use the world of GRRM's "Song of Ice and Fire." We are working hard daily to ensure this happens and are currently in contact with who we need to be to obtain the licence. If all doors close, the project will move forward without it but will still deliver a quality product in the end.

What part does the IBC team have in the actual coin?
We are only managing the the application side, but are in constant contact with our partners at Blocktech who will maintain the coin.

What are the in game incentives?
The incentives for playing our game will be economic in nature. With money comes land, with land comes power, and with power comes money. That money will be exchangeable with Bitcoin giving us an internal virtual economy with real world rewards.

Proof of developer?
@CryptoAsian has been contacted to do a PoD for us, it will be up soon.

Pre-sale distribution?
The Pre-Sale will run until August 29th and is for 10,000,000 Proof of Stake coins with a %4 interest rate. People who contribute to the IPO will get a percentage of those coins based on the percentage of the ICO they contributed once the sale closes.

How will you show progress on the application?
We will have a weekly Dev Diary providing updates to the community and will keep an open dialogue with the community as we are in development. This will happen regularly once the ICO closes







Initial Coin Offering Ends Noon PST August 29nd, 2014
Time Conversion End Times
19:00 GMT 29/08/14
3:00 Hong Kong 30/08/14
5:00 Sydney 30/08/14



Requirements to Participate in Pre-Sale
If you contribute to our ICO, please Private Message us the Txt ID of your transaction and a contact email address immediately after you deposit in to the address below
Distribution will happen based on those messages
(Note: This is a change from the original requirements, if you contributed to the ICO before this change, don't worry, you are fine.)
As of now, Bitcoin is the only accepted Currency
 

Address Below
ICO HAS BEEN DELAYED.
WE ARE RECOUPING AND MAKING SURE WE ARE 100% READY FOR FUTURE ENDEAVORS.


Disclaimer: We have all rights to determine whether or not to refund a deposit on our discretion. We will try to work with you if problems arise.
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August 02, 2014, 02:16:54 AM
 #2

Love the coin lets do this  Kiss
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August 02, 2014, 02:17:38 AM
 #3

Let's hope it's a ninja launch.
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August 02, 2014, 02:25:28 AM
 #4

Wow, this coin has a lot of features
Coinler
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August 02, 2014, 02:32:35 AM
 #5

would be more of a kungfu launch. first tells the opponent he is coming to fight him, goes to the hills to train, then attacks in plain view while everyone is waiting and watching over a bowl of ramen.
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August 02, 2014, 05:32:16 AM
 #6

Reserved for GoT Spoilers...
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August 02, 2014, 08:31:05 PM
 #7

Blocktech (blocktech.com) has agreed to supply technical backing of the coin to enable the dev team to focus on the use case.

This should be exciting to say the least.  Glad to be on board!
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August 03, 2014, 12:29:35 PM
 #8

So it's a standard scrypt coin that brings nothing really new?

Pump and dump philosophy
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August 03, 2014, 12:53:07 PM
 #9

 My thoughts on this are that we should have 7 factions that people must chose as their family name. this can not change it is your name. The coins should not be held for ICO (maybe a little for the bank) but a free for all cash grab in good ol GOT fashion seems appropriate with the ultimate goal being to rule the seven kingdoms and therefore become the king of the Iron throne which should come with an iron throne POS superstake bonus. Now for this to happen you would need to be in control of a percentage of coins that gives your faction the right to the throne. All the while the other factions form alliances and plot and scheme, or in cryptos case fud and destroy resulting in a never ending battle to rule the iron throne. This could bring a whole new feature to crypto as in a self sustaining game that never ends and should keep coin prices always competetive.

this is just my idea. if you like it i want in, any help you guys need or ideas to make things work, whatever. I am very interested to see how this plays out. This shit could be tits if implemented properly.

all bullshit aside, i'm rooting for the Starks.
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August 03, 2014, 12:54:13 PM
 #10

I also have some ideas for a fight club type scenario entitled project mayhem selling soap from paper street soap company for crypto Smiley
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August 03, 2014, 01:08:11 PM
 #11

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IronBankCoin
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August 04, 2014, 02:16:58 AM
 #12

So it's a standard scrypt coin that brings nothing really new?

Have you ever wanted a coin that doesn't need to be tied to BTC? An economy made from a "game", but a game that can make you more of the currency. The land will have value in IBC and that is what the marketcap can be tied to. Easy to defend a small portion of land for small profits. Near impossible to rule a kingdom alone. Who can you trust to help you rule?

That is what this coin will be about. Cunning and wit. Both of which the crypto community loves.
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August 04, 2014, 02:25:50 AM
 #13

I wish this was real and not some ICO hustle. I want to believe...
IronBankCoin
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August 04, 2014, 03:34:13 AM
 #14

I wish this was real and not some ICO hustle. I want to believe...

Well, what would convince you it's real?

Only when you see it come to fruition?
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August 05, 2014, 05:58:58 AM
 #15

I wish this was real and not some ICO hustle. I want to believe...

Well, what would convince you it's real?

Only when you see it come to fruition?

excited about this one. Waiting for the full ann Smiley

Oldschool Crypto Designer responsible for the Mintpal Exchange graphics, Bittrex exchange graphics, official Bitcoin SEGWIT logo & more.
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August 05, 2014, 10:12:21 AM
 #16

I wish this was real and not some ICO hustle. I want to believe...

Well, what would convince you it's real?

Only when you see it come to fruition?

excited about this one. Waiting for the full ann Smiley

Same!
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August 05, 2014, 10:14:49 AM
 #17

I wish this was real and not some ICO hustle. I want to believe...

Well, what would convince you it's real?

Only when you see it come to fruition?

excited about this one. Waiting for the full ann Smiley

Same!
Very interested , so com'on and get it happening !!

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August 06, 2014, 10:54:06 PM
Last edit: August 13, 2014, 06:58:16 PM by IronBank-Social
 #18

New Pre-Sale developments:

Pre-Sale will run from either August 14th - August 21st or August 15th - August 22nd

Please bear with us while we wrap up the finishing touches!
-IronBank Team
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August 07, 2014, 02:20:26 AM
 #19

Just snagged a 1.3 MH/z script asic with some spare btc. Hopefully it'll be worth it to throw at this coin to help out.
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August 07, 2014, 09:12:55 AM
 #20

Waiting for the official ann.. Cool
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