UseCoin - A Cryptocurrency that you can USE!FREE COIN DISTRIBUTION IS LIVE, DETAILS BELOW!(Official Launch Date: August 19th @ 6PM EST)
A secure crypto that you can use to purchase goods and services anonymously! (UseMarket Coming Soon!)* * * *
We are currently looking for 3 recognizable and trustworthy individuals from the BitcoinTalk community to inspect our source code before launch. You must have experience with inspecting code to qualify. Inspect our code to make sure it is clean and that there is no hidden premine. Source code auditors will be awarded 10,000 USE from our community bounty pool. Please PM us if you wish to inspect the source code.
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Pre-Sale/IPCO Currently Available! (14 Days) More Details Below!PRE-SALE/IPCO ESCROWED BY MaidakNEW ESCROW IPO ADDRESS: 12nX3MZwLnchGRgjQtW95Kq4m42baVxtrxOLD IPCO Public BTC Address: 1NJyp9HbRE5LJiZ94FgcDoLKUTdMuTzn88Pre-sale Starts: August 12th, 2014 6PM EST
Pre-sale Ends: August 26th, 2014 6PM EST
CURRENT SHARE PRICE (1,000 USE): 0.01 BTC per share
TOTAL SHARES AVAILABLE FOR PRE-SALE: 4900 Shares (4,900,000 USE)MINIMUM Investment: 0.01 BTC per Individual
MAXIMUM Investment: 3 BTC per Individual
IPCO/Pre-sale MAX. LIMIT: 98 BTCUnsold coins at end of pre-sale period will be DESTROYEDEarly investors awarded with cheaper price! IPCO price will be DOUBLED after first week! (Aug 19th)( INVESTING INSTRUCTIONS ARE BELOW, SCROLL DOWN! )
UseCoin is a cryptocurrency that encourages and empowers users to be able to use and spend their coins. We will be releasing our own "UseMarket" which is a decentralized marketplace platform based on OpenBazaar. The UseMarket has been underdevelopment for the past few weeks since July 28th and we anticipate it's public launch by September 9th next month.
UseCoin will have a IPCO/Pre-sale distribution as well as a PoW Distribution divided 50/50. PoW will begin once the coin has been officially launched on August 19th at 12 PM EST. A small portion of the premine will be set aside for community bounties.
To create a cryptocurrency that encourages usage and spending, not just holding and trading. The current altcoin market has been flooded with pump and dump coins that don't last for longer than a couple months, due to scams, market manipulation, huge mining farms dumping coins, etc. UseCoin aims to fight against that by defining ourselves as a coin that can be USED for real world goods and services.
We will accomplish this with our in-house developed "UseMarket" based on the OpenBazaar code, a 100% decentralized and anonymous marketplace platform where anyone can buy/sell goods and services using UseCoin. Along with this, we will be partnering with as many merchants and services providers as we can to increase UseCoin adoption worldwide.
UseMarket due for public launch September 9th, 2014To learn more about our goals and future projects, please check out our latest development roadmap.
Website: Released on Launch Day
Twitter: http://www.twitter.com/UseCoinFacebook Page: Coming Soon
Below is a rough outline of what we are currently developing and what we have planned for future releases.
UseMarket (Decentralized Marketplace) - In Development: Launch Date Set on September 9th, 2014The UseMarket is a decentralized marketplace based on the OpenBazaar code. We have used OpenBazaar's code as a baseline to develop a truly decentralized and anonymous marketplace that cannot be censored or blocked. UseCoin will be fully and exclusively integrated in the marketplace allowing users to buy and sell real world goods and services using Usecoins! This is easily one of our most prominent features as it will allow users to USE their coins! This will add tremendous value to our coin. A fully encrypted messaging system will be integrated into the UseMarket. We will keeping everyone updated with our progress with UseMarket. Launch day is not far away as this has been under development since July this year and are nearing completion for public launch.
Stealth Addresses - In Development: ETA End of SeptemberTo further increase anonymity we will be implementing stealth addresses based on Vertcoin's code. Stealth addresses will be an optional feature for those who wish to use it to retain high anonymity.
Encrypted E-mail Service IN Wallet: (Planned, no ETA)We have planned to release an encrypted e-mail messaging system that will be integrated into the UseCoin wallet. We have not yet started development on this but it is something that we believe we can integrate into the UseCoin code and provide an additional service straight from your wallet client. So far we only have plans on developing this feature for our Windows wallet.
Community Driven Development:A large portion of the IPCO funds will be used towards community driven developments. We will ask YOU, the community, to request features you'd like to see on UseCoin. We believe very strongly that a successful crypto's foundation is a strong community. We will be empowering our community to help build UseCoin to something that is truly revolutionary that can be used in the real-world. Community feature voting will commence shortly after the coin's official launch on August 19th, the same day PoW phase begins.
Wallets will be available on Launch Day
Source code will be released on launch date.
Pool Operators: We can release source code to pool operators who wish to have their pools set up in preparation for our PoW period. Only a select few pools will be chosen. Please contact us via PM.
Max. Total Coins: 12,540,000* (~12.5 Million)
(5,000,000 IPCO/Bounty Coins + 4,540,000 PoW Coins + 500,000 Free Distribution Coins + 2,500,000 PoS Coins after 5 years)Algorithm: X13 PoW + PoS
Total PoW Blocks: 43,829
PoW Block Rewards:Block 1 - 5,500,000 USE (IPO Coins and Free Distribution Coins)
*Any unsold/undistributed coins will be destroyed*Blocks 2 to 129 - 0.02 USE (to prevent instamine)
Blocks 130 to 43829 - 100 USE
PoW Period: ~30 days
Block Time: 60 Seconds
POS Interest: 5% Annually for 5 Years
Coins Available for IPCO: 4,900,000 USE (4.9 Million)*
Coins Available for Bounty: 100,000 USE
*Left over unsold coins from IPCO will be destroyed permanently once 2 week pre-sale period is over.
UseCoin.conf
Proof of Work phase will start on August 19th once the coin has officially launched. We are looking for pool operators to set up pools prior to launch so everyone can start mining as soon as UseCoin is officially released. If you wish to set up a pool prior to release, please contact us via PM.
http://use.minerpools.com - SSO Enabled, PPLNS 1% fees
Coming Soon!
Coming Soon!
Q: What is an IPCO or Presale?A: An ICPO (Initial Public Coin Offering), or a presale, is the phase where we allow early investors to purchase "shares" of UseCoins at a fixed rate.
Q: How many UseCoins are in each share?A: Each (1) share purchase is equivalent to 1,000 UseCoins (0.01 BTC).
Q: Why a IPCO/Presale and what benefits does it offer to the coin and investors?A: Distributing the coins to a group of investors who paid an X amount of value (BTC in this case which is the most stable crypto currency at the moment), will help establish a base value to the market which is more stable compared to a market dominated by some huge mining farms who can mine tons of coins for a very little energy consumption. Giving the fact that we are trying to develop an innovative business based on this crypto coin, we cannot risk to have a market where one individual have the power to manipulate it on a large scale. This is why we also have a maximum limit set on how much one person can invest in the presale.
Q: How many coins will be sold in the IPCO?A: 50% of the total PoW Supply will be sold in the presale/IPCO. The total amount of coins will be exactly 5,000,000.
Q: Will there be a reward for early investors?A: Yes, early investors will be able to purchase coins at a fixed price of 0.00001000 BTC (1000 Satoshis) per share during the first week of IPO. After that, the price will be raised 0.00002000 BTC (2000 Satoshis) for the remaining IPCO period, the second week. This will both help encourage and reward the investors who took the risk of investing first.
Q: What happens if all the coins are not sold?A: Any remaining coins that are not sold in the IPCO will be destroyed, thus reducing the total amount of coin supply. This will also increase the value of all UseCoins for all investors and holders.
Q: When will I receive my UseCoins from IPCO/Presale?A: Early investors will receive their coins on the official release date which is one week (7 days) after the presale has started. The wallet and source code will be released on this same day. All investors will receive their coins on time on launch date.
Q: What is the minimum and maximum investment amount?A: The minimum is 0.01 BTC per individual. The maximum investment is 3 BTC. Large groups of investors are also welcome.
Q: What will the invested BTC be used for?A: The invested BTC will be held in a public address. We plan on using 50% of invested BTC to help provide stabilization to the UseCoin market by setting up stragetically placed buy orders once we hit the exchanges. The other half will be used for community voted development, where we take ideas voted by the community and implement them to the coin. The invested BTC will NOT be used to pay ourselves (the devs). We already have a set plan of features (see the latest development roadmap) which we will be investing our own funds and time into implementing.
Q: Why no escrow for IPCO/Pre-sale?A: We feel that an escrow for a coin IPCO/pre-sale would only further complicate things when it comes to the coin distribution launch day. We would much rather handle each and every investor's funds ourselves, which allows us to better streamline the distribution when time comes. We plan on distributing all IPCO coins right at launch and without using a third party escrow, we plan on doing this without any delay. All investors can expect to receive their UseCoins within 12 hours or less on launch day. The BTC from investors will be held in a wallet viewable by the public at all times.Maidak will be escrowing the IPO/Pre-sale for UseCoin, see instructions below!Q: Can I get a refund on my BTC investment?A: The only reason why we would provide a refund on your investment is if we fail to sucessfully launch our coin by August 19th at 6PM EST. Depending on the circumstances and the cause of failed launch, we will refund all invested BTC back to investors 100%. We do not foresee any delays or failed launches for UseCoin as we have already extensively tested the base code and wallets on testnet over the past couple weeks.
ESCROWED BTC ADDRESS: 12nX3MZwLnchGRgjQtW95Kq4m42baVxtrxIPCO Start Date: August 12th, 2014 @ 6PM EST
IPCO End Date: August 26th, 2014 @ 6PM EST
IPCO Total Limit: 98 BTC (absolute max)
CURRENT SHARE PRICE (1,000 USE): 0.01 BTC per share
TOTAL SHARES AVAILABLE FOR PRE-SALE: 4900MIN Investment Limit: 0.01 BTC (1 share)
MAX Investment Limit: 3 BTC (300 shares)
(per individual)* Price per share will be raised to 0.02 BTC after the first week of the IPCO period. (Starting August 19th, 2014 @ 6PM EST) *Unsold coins at end of pre-sale period will be DESTROYEDPRE-SALE/IPCO ESCROWED BY Maidak
All investors will have their Bitcointalk username listed below unless they request to be anonymous.anonymous - 2 BTC (200 shares)
Jonni21 - 0.05 BTC (5 shares)
anonymous - 0.10 BTC (10 shares)
dandruff1138 - 0.01 BTC (1 share)
anonymous - 0.02 BTC (2 shares)
-Greed- - 0.3 BTC (30 shares)
RhodaGila - 0.10 BTC (10 shares)
If you are an investor who wishes to be publicized on this list, please send a PM.
We will have
500,000 USE coins available for free distribution. Any bitcointalk member will be eligible for free UseCoins.
To claim your free UseCoins, follow the instructions below (PLEASE READ CAREFULLY AND THOROUGHLY):1. Use the following provided signature that links back to this thread:
[url=https://bitcointalk.org/index.php?topic=735355][b]UseCoin - A Cryptocurrency that you can USE! Decentralized Marketplace![/b][/url]
2. Fill out the following form with all necessary details:
https://docs.google.com/spreadsheet/viewform?formkey=dE5vYjhFRXJQZzVXcXU1NlJEdXRiQXc6MA3. Once UseCoin has been launched, we will distribute free coins to all those who have claimed it until we run out. Users can still claim free coins after launch day, just provide your wallet address in the form. Coins are distributed within 24 hours. As long as you have the signature in your profile and you have filled out the form properly, you will receive the free coins. The amount of coins depends on your account's rank/activity level.
4.
DO NOT POST YOUR WALLET ADDRESS OR REQUEST FREE COINS IN THIS THREAD, THIS IS AGAINST FORUM RULES AND WE WILL DISQUALIFY YOU IF YOU DO SO. Free Distribution phase ends on August 26th at 6PM EST. Any undistributed coins will be destroyed.
100,000 UseCoins have been set aside for community bounties!New and Better Logo - 15,000 USE
CLAIMED to unlock.mkSource Code Inspection #1 - 10,000 USE
Source Code Inspection #2 - 10,000 USE
Source Code Inspection #3 - 10,000 USE
Secondary Block Explorer - 15,000 USE
Reserved to ScorpianzTertiary Block Explorer - 10,000 USE
Chinese Translation - 500 USE
Russian Translation - 500 USE -
Reserved to *Sakura*German Translation - 500 USE -
Reserved to bitkornmeisterFrench Translation - 500 USE -
Reserved to torpedoSpanish Translation - 500 USE
Hindi Translation - 500 USE
Portuguese Translation - 500 USE
Tweet about UseCoin (100 Available) - 50 USE
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This bounty can only be claimed once per user, you must link to this thread somewhere in your tweet!)
*IMPORTANT NOTE* Please do not post tweet here in thread, to claim twitter bounty please PM me your tweet!(Note: Not all bounties have been listed yet)
