Announcing ProzCoin : Proof of Action (PoA)

[CryptoToxicAvenger]

130M coin and an ipo price of 300 sat is that right?

100 million coins with 300 sat ICO.  

https://c-cex.com/?p=proz-btc

8.5 million remain.

its my turn now look
this is for 20 million of the 100 million only   repeat its 20 million ico sale and he sold like 3 or so on his illegall website setup so there is 80 million others 
10 million for them
and the rest cex will hold 

[originalchilli]

The ICO is ending Sunday September 6, 2014 at 12:00 noon Eastern time.  If there are remaining Prozcoin from the ICO they will be turned into PoA/PoW coins.

Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX.  We will let it be known when additional coins are taken from there.

There was some concern what we will do with the 30% that is unaccounted for.  We were holding it to decide if it needed to be used for additional PoA or PoW coins.  We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ.  This will be done with an open vote.  These funds will also be held in an escrow account by C-CEX.  The funds will be visible by anyone at anytime.  

https://c-cex.com/?p=proz-btc

For 30m, destroyed are better choice

That seems to be the general response.  I imagine once the vote happens, it will probably be unanimous that it gets burned.


Chris

That gets my vote

[bitwarrior]

The ICO is ending Sunday September 6, 2014 at 12:00 noon Eastern time.  If there are remaining Prozcoin from the ICO they will be turned into PoA/PoW coins.

Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX.  We will let it be known when additional coins are taken from there.

There was some concern what we will do with the 30% that is unaccounted for.  We were holding it to decide if it needed to be used for additional PoA or PoW coins.  We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ.  This will be done with an open vote.  These funds will also be held in an escrow account by C-CEX.  The funds will be visible by anyone at anytime.  

https://c-cex.com/?p=proz-btc

For 30m, destroyed are better choice

That seems to be the general response.  I imagine once the vote happens, it will probably be unanimous that it gets burned.


Chris

Or it might be a better strategy is to present a glimpse of the PROZ Roadmap to build on it by potential traders/investors, thus increasing further the scope of this new community. IF this is not a more suited step then destroying the 30M will be my vote as well.

[GreatOrchid]

130M coin and an ipo price of 300 sat is that right?

100 million coins with 300 sat ICO.  

https://c-cex.com/?p=proz-btc

8.5 million remain.

its my turn now look
this is for 20 million of the 100 million only   repeat its 20 million ico sale and he sold like 3 or so on his illegall website setup so there is 80 million others 
10 million for them
and the rest cex will hold 

thats pretty misleading saying 100 million sale and only 8 left bro plus the fact you sold initial ico at 250 sat of about 3 million
 so actual ico is 17 million or so right larry

[GreatOrchid]

i do apriciate all the names ive aquired here in the search for truth and legality

orchestrated fud

private detective fudster
i like that one the most
its closest to my real occupation
ofcouse i cannot comment to ongoing investigations 

[ProzCoin]

130M coin and an ipo price of 300 sat is that right?

100 million coins with 300 sat ICO.  

https://c-cex.com/?p=proz-btc

8.5 million remain.

its my turn now look
this is for 20 million of the 100 million only   repeat its 20 million ico sale and he sold like 3 or so on his illegall website setup so there is 80 million others 
10 million for them
and the rest cex will hold 

thats pretty misleading saying 100 million sale and only 8 left bro plus the fact you sold initial ico at 250 sat of about 3 million
 so actual ico is 17 million or so right larry

That is actually a good point, I was not clear with that original post!  


100 million total coins

original ICO on cryptoshoppers 3 million coins sold at 250 satoshi
current ICO on C-cex started with 17 Million coins to be sold at 300 satoshi

Total ICO coins 20 million for development

60 million coins will be going into public escrow with c-cex

Chris

[crimealone]

130M coin and an ipo price of 300 sat is that right?

100 million coins with 300 sat ICO.  

https://c-cex.com/?p=proz-btc

8.5 million remain.

its my turn now look
this is for 20 million of the 100 million only   repeat its 20 million ico sale and he sold like 3 or so on his illegall website setup so there is 80 million others 
10 million for them
and the rest cex will hold 

thats pretty misleading saying 100 million sale and only 8 left bro plus the fact you sold initial ico at 250 sat of about 3 million
 so actual ico is 17 million or so right larry

That is actually a good point, I was not clear with that original post!  


100 million total coins

original ICO on cryptoshoppers 3 million coins sold at 250 satoshi
current ICO on C-cex started with 17 Million coins to be sold at 300 satoshi

Total ICO coins 20 million for development

60 million coins will be going into public escrow with c-cex

Chris

20 million for development——You hold these coins yourself?

[GreatOrchid]

thank you larry for clearing that info

[GreatOrchid]

Specifications:

Algorithm: Mastercoin protocol for base, PoA/PoW Hybrid mining for future
Max Coins: 100 million

Distribution Model:  All 100 million coins will be mined in 1 block

10% coins will be evenly distributed to the founding team over 3 years. 
20% ProzCoins will be sold initially on exchanges.  All sold ProzCoins will go 100% to Coin Proz Oy.  The revenue generated from the sale will go to the further advancement of the site and keep as reserves for our merchants who accept Prozcoin.
10% Will be reallocated for PoA/PoW mining rewards
10% for Proof of Action (PoA)
20 % Discretionary spending to have reserves for exchanges/merchants
30 % Unallocated for future plans Cold Stored with multi-sig founder verification for wallet release

[ProzCoin]

20 million for development——You hold these coins yourself?

They are currently almost all sold.  There are only 8 million left for sale on C-Cex, who is in control of the 8 million.  I cannot even send Proz to C-Cex right now if I wanted to as all user wallets are frozen.

https://c-cex.com/?p=proz-btc

Chris.

[uki]

20 million for development——You hold these coins yourself?

They are currently almost all sold.  There are only 8 million left for sale on C-Cex, who is in control of the 8 million.  I cannot even send Proz to C-Cex right now if I wanted to as all user wallets are frozen.

https://c-cex.com/?p=proz-btc

Chris.

Half of 17 million from C-Cex have been sold for now, to have the precise wording.

[KenR]

The ICO is ending Sunday September 6, 2014 at 12:00 noon Eastern time.  If there are remaining Prozcoin from the ICO they will be turned into PoA/PoW coins.

Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX.  We will let it be known when additional coins are taken from there.

There was some concern what we will do with the 30% that is unaccounted for.  We were holding it to decide if it needed to be used for additional PoA or PoW coins.  We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ.  This will be done with an open vote.  These funds will also be held in an escrow account by C-CEX.  The funds will be visible by anyone at anytime.  

https://c-cex.com/?p=proz-btc

For 30m, destroyed are better choice

That seems to be the general response.  I imagine once the vote happens, it will probably be unanimous that it gets burned.


Chris

Vote it will take longer time
Every time a dev take good & smart decision would make it far more important coin buyers

[ProzCoin]

Vote it will take longer time
Every time a dev take good & smart decision would make it far more important coin buyers

That is true, but we also want to be thoughtful, receptive to critique, and not make hasty decisions.


I am starting to see that burning will probably be the option, but as I stated, community involvement is important to us, thus the Proof of Action concept in the first place.



Also might want to give this tweet a quick peek:


Chris

[Wings1987]

Done.

[GreatOrchid]

Earn up to 500 PROZ by doing a few tasks.  Proof of Action

https://gleam.io/Y2FI3/prozcoin-proof-of-action

email coinproz@gmail.com if you have questions

hello Tim?
dont be shy you can say your name your transparent right?
i didnt ask you for id just a name lol

[ProzCoin]

Already seen 50 actions!  Try out Proof of Action today!

https://gleam.io/Y2FI3/prozcoin-proof-of-action


Chris

[uki]

Earn up to 500 PROZ by doing a few tasks.  Proof of Action

https://gleam.io/Y2FI3/prozcoin-proof-of-action

email coinproz@gmail.com if you have questions

done all but facebook.
I did subscribe to the webpage, but that task hasn't been approved - I sent you a mail already.

[JTB800]

Vote it will take longer time
Every time a dev take good & smart decision would make it far more important coin buyers

That is true, but we also want to be thoughtful, receptive to critique, and not make hasty decisions.


I am starting to see that burning will probably be the option, but as I stated, community involvement is important to us, thus the Proof of Action concept in the first place.



Also might want to give this tweet a quick peek:


Chris

I strongly disagree with this. Every miner wants less shares -- why wouldn't they?!! But, the ones taking the risks are the early investors. They should get more shares for their money. And every investor will agree with me, of course. So, having a vote or a general "community consensus" is rather unnecessary. We all know whether they are miners or investors by their vote alone. So, I vote more shares for the investors. Guess what kind of "community member" I am?  

[ProzCoin]

Already seen 50 actions!  Try out Proof of Action today!

https://gleam.io/Y2FI3/prozcoin-proof-of-action


Chris

Up past 150 actions since i made this original post


Chris

[ProzCoin]

I strongly disagree with this. Every miner wants less shares -- why wouldn't they?!! But, the ones taking the risks are the early investors. They should get more shares for their money. And every investor will agree with me, of course. So, having a vote or a general "community consensus" is rather unnecessary. We all know whether they are miners or investors by their vote alone. So, I vote more shares for the investors. Guess what kind of "community member" I am?  

I hear you sir!  Luckily for early investors, under both scenarios you would benefit from having invested early, as the burned coins will cause the other coins to be more rare by proxy, thus increasing their value on the market.  So, either way, early investors won't lose out, and will see their original investment gain value!  To further the point for a need for a vote, we have community members on both sides voicing rational explanations for their side.  The vote would allow the community to see the pros and cons of both and make a decision that is not unilateral.


Chris