Announcing ProzCoin : Proof of Action (PoA)

[Altcoin Agent]

Click this GIF to see the official CoinProz video !
GIF proudly made by @altcoinagent

[U]

When release the client?

[ProzCoin]

When release the client?

Should be next week.  Been working on getting the Escrow set up, the website, and a few other things.  Since the Omni wallet was already set up, the website took higher priority.  


Chris

[U]

When release the client?

Should be next week.  Been working on getting the Escrow set up, the website, and a few other things.  Since the Omni wallet was already set up, the website took higher priority.  


Chris

Great.Thumb up.

[ProzCoin]

Since we have already sold over 6 BTC worth of ProzCoin at a flat 250 Satoshi, essentially we have established a market capitalization of 250 BTC before even getting onto an exchange.  Being able to establish a BTC reserve and a buyback floor for our affiliates is part of the plan to ensure long term sustainability for the Coin Proz network.  In addition, since over 70% of the coins will be in a public escrow account, there will be complete transparency for people to know that the coins are safe.


Chris

[U]

Since we have already sold over 6 BTC worth of ProzCoin at a flat 250 Satoshi, essentially we have established a market capitalization of 250 BTC before even getting onto an exchange.  Being able to establish a BTC reserve and a buyback floor for our affiliates is part of the plan to ensure long term sustainability for the Coin Proz network.  In addition, since over 70% of the coins will be in a public escrow account, there will be complete transparency for people to know that the coins are safe.


Chris

POA is a good idea and concept.But now,the popularity is not enough.
For long term,your plan is critical.

Being able to establish a BTC reserve and a buyback floor for our affiliates is part of the plan to ensure long term sustainability for the Coin Proz network.

[ProzCoin]

Since we have already sold over 6 BTC worth of ProzCoin at a flat 250 Satoshi, essentially we have established a market capitalization of 250 BTC before even getting onto an exchange.  Being able to establish a BTC reserve and a buyback floor for our affiliates is part of the plan to ensure long term sustainability for the Coin Proz network.  In addition, since over 70% of the coins will be in a public escrow account, there will be complete transparency for people to know that the coins are safe.


Chris

POA is a good idea and concept.But now,the popularity is not enough.
For long term,your plan is critical.

Being able to establish a BTC reserve and a buyback floor for our affiliates is part of the plan to ensure long term sustainability for the Coin Proz network.

Realistically, the fickle nature of the exchange market is partially why we wanted to get some good ICO support before going into the exchanges.  You will not see us make the same approaches as the altcoins looking to make a quick buck on the exchanges, but we will absolutely not ignore PR.  There are a couple articles being written about us this weekend, and will be circulating this week as we move onto Poloniex.  Keep a look out!

Chris

[ProzCoin]

we are considering doing a twitter and bitcointalk giveaway.  We would like to promote the Mastercoin protocol as many have never used it.  www.omniwallet.org 

https://twitter.com/ProzCoin

Just started the giveaway

100 Prozcoin to anyone who retweets and posts omniwallet address.


Chris

[Golstrim]

I understand that this coin is more than 50% Premine?

[ProzCoin]

I understand that this coin is more than 50% Premine?

Master Protocol is not the same as normal Altcoins.  In essence everything must be 100% Pre-mined.  We are creating PoW/PoA blocks so that miners are not left out, as this is not an "Altcoin", but is the currency for an infrastructure that goes for the general promotion of cryptocurrency.


Chris

[Project Axron]

Good luck guys!!! Its great to see other teams put names behind the coins. I think we are slowly generating a new effect on people. Once again best of luck, its great to have healthy competition.

[cubydu]

Some instructions for those who have never used Mastercoin before.

First, visit omniwallet.org and generate a free multi-wallet that holds Bitcoin, ProzCoin and any Mastercoin protocol based coins or smart property. After clicking "Create Wallet", you will be prompted to create your password you'll want to keep it safe as it's your private key. Once you've created your password, you will be logged into your wallet and you'll see your Omniwallet id.  Make sure you save your Wallet ID. You need this to login to your wallet.  After you copy your Omniwallet id, you will see a Bitcoin wallet address.  Your Prozcoin will be sent to this address as Smart Property, and a wallet will be generated for the coins upon arrival. - See more at: http://cryptoshoppers.com/index.php?route=product/product&path=80&product_id=182#sthash.uODNzk1S.dpuf

You do not need any bitcoin in your wallet to receive Prozcoin.  You will need to send a little bitcoin to your omniwallet.org wallet in order to send Prozcoin because it is on top of the blockchain and needs miner fee's.

I don't understand what is relation between my cryptoshoppers account and omniwallet address ? How can I receive prozcoins after payment with cryptoshoppers ?

[ProzCoin]

Some instructions for those who have never used Mastercoin before.

First, visit omniwallet.org and generate a free multi-wallet that holds Bitcoin, ProzCoin and any Mastercoin protocol based coins or smart property. After clicking "Create Wallet", you will be prompted to create your password you'll want to keep it safe as it's your private key. Once you've created your password, you will be logged into your wallet and you'll see your Omniwallet id.  Make sure you save your Wallet ID. You need this to login to your wallet.  After you copy your Omniwallet id, you will see a Bitcoin wallet address.  Your Prozcoin will be sent to this address as Smart Property, and a wallet will be generated for the coins upon arrival. - See more at: http://cryptoshoppers.com/index.php?route=product/product&path=80&product_id=182#sthash.uODNzk1S.dpuf

You do not need any bitcoin in your wallet to receive Prozcoin.  You will need to send a little bitcoin to your omniwallet.org wallet in order to send Prozcoin because it is on top of the blockchain and needs miner fee's.

I don't understand what is relation between my cryptoshoppers account and omniwallet address ? How can I receive prozcoins after payment with cryptoshoppers ?

Cryptoshoppers is a store that is selling the Prozcoin so it has a transaction record.  It is not related to Omniwallet.  Omniwallet is what you use to receive your Prozcoin, and creating an omniwallet account will allow us to send you the Prozcoin you purchased.

Chris

[ProzCoin]

Good luck guys!!! Its great to see other teams put names behind the coins. I think we are slowly generating a new effect on people. Once again best of luck, its great to have healthy competition.

This is the first I have heard of your coin, but since our infrastructure is built around promoting all cryptocurrencies, we don't really see you as "competition", as we will gladly give Axron a home on Coinproz.com.
This project has been in development for over 6 months, and it is much more than "Prozcoin".  Between the hardware/software projects, and plans to expand the reach of cryptocurrency beyond the current early adopters, this is a mass adoption initiative,not an altcoin.


I actually wrote an article about the issues crypto has been facing to cross the mass adoption barrier:

http://thecoinfront.com/iculture-marketing-the-individual-to-the-masses/


Chris

[ProzCoin]

Been working on the plans for reserves to have a solvent coin concerning merchant exchange insurance.


Just an update for anyone who owns a business scanning the thread thinking about accepting Prozcoin

Chris

[ProzCoin]

ICO price of 250 satoshi is gone, and Prozcoin will be sold at 300 Satoshi until we are live on Poloniex.

http://cryptoshoppers.com/index.php?route=product/category&path=80


Chris

[ProzCoin]

One of the Mastercoin representatives has written a blog about the Coin Proz project:

http://blog.mastercoin.org/2014/08/23/judith-bizdev-projects-launched-on-the-master-platform-update/


Chris

[GreatOrchid]

soon as you get thru all wanna be investers and your cheesey news website and this lie about mining this coin
i will mine it for a loss and dump just like you will with your premine
so your 300 satoshi price will tumble
and your proz bulshyt will be known
stop this scam
poa = proof of arshole
release it for mining like in this posting
taste the reality of your bs

[ProzCoin]

Slander/libel in any capacity will not be tolerated.  You have been reported.


Chris

[ProzCoin]

Prozcoin giveaway on twitter:

https://twitter.com/ProzCoin