[ANN] [XTC] TileCoin| IoT (Internet of Things) bitcoin blockchain - ĐApp

[ASIC-8Tile]

I helped out with Qora Coin and built a project plan for the community.
This application is not an Altcoin per say like Bitcoin/LiteCoin. This application will sit on top of Altcoins to facilitate Bill Payments. Basically, a Decentralized version of https://bylls.com/.

Here is some work in progress for the project and code repository in BitBucket.






Regards,

@ASIC-8Tile, have you or your team member participated in other alt coins development?

[ASIC-8Tile]

Update to OP and expanded upon the features.

I.) Introduction

TileCoin is a crypto-token which enables access to a Decentralized Bill Payments/Investment Application (ĐApp).

Overview of Features:
1.) The wallet empowers people/business to send and receive different types of cryptocurrencies;
2.) Facilitates people to find businesses and pay any type of monthly bills;
3.) Enables people to micro-invest into businesses that include ownership, lending and cash equivalents using Smart Contracts.
  3.1) Use Case: Alice pays her mobile phone bill every month, during the Bill Payment process an additional option is displayed to purchase stock or partial stock.
This would be like a hybrid of Shopify and Sharebuilder in one.

Regards,

[Triffin]

Will any of the proposed apps for this coin result in fees that
will provide income or a 'dividend ' to TCO holders going forward  ??


Triff ..

[ASIC-8Tile]

As of today, No. In the coming year, maybe possible, but not guaranteed. Many changes are happening with regulations.

This is why we are going through the process of creating a Decentralized Autonomous Organization/Corporation...

Will any of the proposed apps for this coin result in fees that
will provide income or a 'dividend ' to TCO holders going forward  ??


Triff ..

[provenceday]

when this start?

[Pizpie]

Very interesting concept, I'm following this closely.

" V.) Independent Code Review by prominent Community Member(s)
TBA "

Please contact me on this matter either through PM, or e-mail: ncote@xc-official.com at your earliest convenience

Thanks!

[ASIC-8Tile]

when this start?

As soon as we get the details together. Will be announced next week.
Thank you for your patience.

[ASIC-8Tile]

Updated # of TileCoin and initial price.
100,000,000 TileCoin with a sale price of 0.00001542 BTC/EACH.
Any coins remaining will be burned from an Exchange.
Since we have similar functionality to SWARM, we have decided that our coin will allow a more fair entry point to access TileCoin.

"Ticker Symbol: TCO (proposed)
Initial Coins: 100,000,000 of Tilecoin @ 0.00001542 BTC/EACH
1 BTC = 64850.84306095 TileCoin
Percentage of TileCoin will be burned for transactions.
Consensus Algorithm: Counterparty/Clearinghouse (BTC Blockchain/VIA Blockchain - possible)
Additional Algorithms: Ed25519 signatures, AES-128, TBA
Coin Distribution: All Coins will be sold via an Exchange @ 0.00001542 BTC/EACH"

[studio1one]

1542 btc.

Wow that's quite the funds you want to raise

[ASIC-8Tile]

Very little compared to others. We are much more realistic.

Will update the high-level budget on the OP.
This is at current BTC to Fiat conversion.
When/If BTC goes higher, then less BTC is needed.

Regards,

1542 btc.

Wow that's quite the funds you want to raise

[ASIC-8Tile]

Updated Budget in OP for the 1st year of development.

VII.) Budget
We will be publishing a transparent budget for all payments via blockchains explorers.
Here is the estimate for the 1st year of development.
https://drive.google.com/file/d/0B8IoPxQboSapdEd2SjdMbXJQU2s/edit?usp=sharing

[zakorus]

i'd be willing to use this coin

[vanduric]

Great ! watching !

[ASIC-8Tile]

Update OP

X.) Exchanges
Update: 2014-09-06
Contacted: Bittrex, BTER and Poloniex for initial coin sales.

[discodancer]

Very little compared to others. We are much more realistic.

Will update the high-level budget on the OP.
This is at current BTC to Fiat conversion.
When/If BTC goes higher, then less BTC is needed.

Regards,

1542 btc.

Wow that's quite the funds you want to raise

Which others? Normally 1500 is a pretty huge demand. Still because I like the OP, I have two queries:

1. Will you have an escrow for the ICO?

2. Are you going to clarify all the escrow requirements to the public? syscoin (raised 1500 btc) btc has been stuck with moolah as slex has been changing the escrow terms as he wishes. Add to it the fact that most of the escrowers hold the view that working wallet/blockchain (bittrex) is enough for the escrow money to be released. That holds true even if people normally pay for the "functionality" of the coin and not a vanilla copy of blockchain and wallet.

[ASIC-8Tile]

Thank you for your questions.

1. Escrow is the Exchange.
Will you have an escrow for the ICO?
All addresses will be provided to the general public. We will use specific Accounting Codes in txns. Novel new concept as well.

2. Yes for sure. I would prefer that an Exchange only release funds on a monthly basis to prove that we are on track with development tasks and we will not run away, otherwise we will seek an independent Escrow to release funds on a monthly basis. This has a cost though. Which I do not mind and will personally pay out of my pocket for TRUST purposes. Unprecedented from other scam coins.
Regards,

Very little compared to others. We are much more realistic.

Will update the high-level budget on the OP.
This is at current BTC to Fiat conversion.
When/If BTC goes higher, then less BTC is needed.

Regards,

1542 btc.

Wow that's quite the funds you want to raise

Which others? Normally 1500 is a pretty huge demand. Still because I like the OP, I have two queries:

1. Will you have an escrow for the ICO?
2. Are you going to clarify all the escrow requirements to the public? syscoin (raised 1500 btc) btc has been stuck with moolah as slex has been changing the escrow terms as he wishes. Add to it the fact that most of the escrowers hold the view that working wallet/blockchain (bittrex) is enough for the escrow money to be released. That holds true even if people normally pay for the "functionality" of the coin and not a vanilla copy of blockchain and wallet.

[ASIC-8Tile]

Updated OP

Shopify has over 100,000 merchants that can pay with bitcoin.
http://www.shopify.com/bitcoin

XVI.) Business Development/Partnerships/Merchants
Update: 2014-09-06
Shopify Partner Setup for App

[provenceday]

watch this now.

[ASIC-8Tile]

Updated OP.

Tentative TileCoin Initial Coin Sales until approval by Bittrex

TileCoinX to transfer to Bittrex if approved.
http://blockscan.com/assetinfo.aspx?q=TILECOINX

Date of Initial Coin Sales to be determined with Bittrex.

The price for each TileCoin is 0.00001542 BTC and the total market cap would be a maximum of 1542 BTC.

Any TileCoin that are not sold during the 4 week period, need to be burned by Bittrex who will send the remaining unsold TileCoin to the following non-spendable Bitcoin address.

[ASIC-8Tile]

Received a message from Bittrex. Date will be determined accordingly. Thank you for your patience.