[ANN] Bitres - First Value-Secure Coin - PoS - IPO

[Bitres]

BITRES (BIT)

~First value-secure crypto~

http://bitres.info/images/bitres_logo.png

http://bitres.info/images/coin_mid.png

Bitres (BIT) is the first value-secure trading instrument and currency created for investors of all kinds.

Value-security

Value-security means that the value of BIT can never go under 90% of the original IPO price.
This is made possible by depositing all the gathered IPO funds on the reserve marketplace and placing them as a buy order.
The reserve marketplace then has a buy order at 90% of the IPO price that covers the entire supply of BIT in existence.
The buy order is unremovable and the reserve bitcoin funds are stored separately in an offline wallet for maximum safety.
The reason why it is 90% is that 10% of BITs are left unsold to cover future development costs.

Simply: The price can't fall more than -10% of the original IPO price.

Practical example:

Here we have two types of coins:
Coin A= has no value-security; a high-risk, but high-reward investment.
Coin B= has value-security; a low-risk, but still high-reward investment.

Investor A purchases Coin A
Investor B purchases Coin B

Both investors bought from an IPO at the price of 0.001BTC.

Both Coin A and Coin B now fall in price due to unexplained reasons.

Investor A who had purchased Coin A can potentially lose everything.
Cryptocurrencies with no value-security can easily go down even 1000% in price. There are many examples of this happening.

Investor B who had purchased Coin B knows his risks and can not lose more than where the reserve buy order is set at (in this case -10% below IPO price).
Even if every investor decided to sell at once, there would still be exactly enough left in the buy order for Investor B to sell if he wants to.
Investor B had bought at the IPO price and thus can't lose more than 10% of what he invested.
He can securely rest knowing exactly what his risks are and wait for the price to recover.

Investor A has lost a good portion of what he invested and does not know how much the price will continue to go down.
He can either sell in panic or be left stuck at an even lower price, he has no certainty about his risks and can lose almost everything he invested.

Investor B knows that he can not lose more than 10% and waits for the price to recover as he has no reason to sell in panic.
When the price finally recovers, he can sell at a profit or choose to hold for an even higher price.
He knows exactly what his risks are and can make sensible decisions accordingly.

IPO
*Open now*  

The IPO selling price is 0.001BTC, putting the reserve buy order at 0.0009BTC.
The amount of BITs sold in IPO determines the amount of total coins.
IPO is open at the alcurEX Reserve Market: alcurex.com
It will end at 2014-09-15 GMT+0

alcurEX is the main exchange where the reserve funds and buy order will be kept.
It is a registered finance and holding company based in Finland:

ALCUREX OY
Register number: 2612007-8 FINLAND

Wallets

Demo wallet QT
Demo wallet installer
Other one can download after IPO
 
http://bitres.info/images/windows.jpg   http://bitres.info/images/linux.jpg      http://bitres.info/images/git.jpg

http://bitres.info/images/wallet.png

PoS (Proof-Of-Stake)

To keep transactions working, BIT has an annual POS of 0.1%. (Real PoS profit varies as all PoS-coin stake do)
The reserve funds will be manually added to at the same rate to make sure that the 90% buy order will always cover all BITs in existence.

Coin specifications:

Name: Bitres aka BitReserve
Short name: BIT
IPO sale: IPO sale at 2014-09-15 GMT+0
IPO price: 0.001BTC
Total coins: The amount of total coins will be determined by the amount BITs sold in the IPO
Bitcoin reserve: 90% of the IPO sale, 0.0009BTC
Bitres is a 100% PoS-based X11 cryptocurrency
Block time: 1 minute
Difficulty target: every block
Stake interest: 0.1% annually
Minimum transaction fee: 0.0001 BIT .. Fees are paid to stake miners
Wallet have "open for staking only" option
Confirmations: 10, maturity: 50
Minimum stake age: 6 hours - max age 30 days
Default RPC port: 17778

Homepage

www.bitres.info


Reserve market

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FPeGCkdp.png&t=543&c=AU8rtNO0bgXP5g

Company official details  


Exchanges

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FPeGCkdp.png&t=543&c=AU8rtNO0bgXP5g

 http://bitres.info/images/comingsoon.png

[abats]

fuck ipo！LOL

[HTC123]

Yup, first. Let's expect your coin's development.

[HTC123]

holy shit!  Even don't know how many the amount is!

[Bitres]

holy shit!  Even don't know how many the amount is!

The amount of total coins is determined by the amount of coins sold in the IPO.

Example:

If 9000BIT are sold, the total amount will be 10000BIT, because the IPO covers 90% of the total supply.

[halibit]

Yes total coins amount is IPO sale, because coins value will be secured with bitcoins what is paid.
Well 90% bitcoin price secured, but normally altcoins are not secured at all.

[jasemoney]

not bad, alcurex is a little small... would love to have them write something saying they hold the btc at the 90% level and will keep the buywall. so dev doesnt get any coins though? unless people sell into the wall? where do those coins end up destroyed?

[BrewCrewFan]

IPO ... newbie account... yeah Ill pass.

[Bitres]

not bad, alcurex is a little small... would love to have them write something saying they hold the btc at the 90% level and will keep the buywall. so dev doesnt get any coins though? unless people sell into the wall? where do those coins end up destroyed?

Devteam and reserveholder (alcurex) will get 10% together, (because Buy wall price will be 90% of the IPO sell price).
So this is not like normal IPO sales where all 100% goes to the dev.

I hope there will be more value secured coins.

[halibit]

IPO ... newbie account... yeah Ill pass.

I'm not newbie and I'm involved for both.
alcurex and bitreserve.

Actually Bitres is first coin in reservemarket and made with power of two outsiders and alcurex market together.
Like to see more value safe coins on alcurex.
Any coinmaker listen

[Bitres]

fuck ipo！LOL

I don't like regular IPO either, but if you read the OP you'll see it's not a regular IPO.
The purpose of the IPO is to make value-security possible. Please read the OP before commenting.

If you have any questions regarding the coin I'll be glad to answer.

[danynx]

fuck ipo！LOL

I don't like regular IPO also. But if you read you will see it is not normal IPO.
It is method to make investment instrument with 90% of the Bitcoin value.
(minimum 90% of the BTC value).

That is useless.. if i keep my btcs on btcs i will guarantee 100 percent not 90 percent like you.. why would i give you 10 percent for nothing?

[danynx]

And that exchange not even has volume.. alot of risk to who are even thinking about investing  in this..

[Bitres]

And that exchange not even has volume.. alot of risk to who are even thinking about investing  in this..

ALCUREX OY is a registered finance and holding company in Finland. It would be very hard for alcurEX to just "run away" like many anonymous and unregistered exchanges. Their company ID is on display at the exchange.

Though I can understand your wariness and it's good to be careful with a lot of altcoin scams going around these days.

[Bitres]

fuck ipo！LOL

I don't like regular IPO also. But if you read you will see it is not normal IPO.
It is method to make investment instrument with 90% of the Bitcoin value.
(minimum 90% of the BTC value).

That is useless.. if i keep my btcs on btcs i will guarantee 100 percent not 90 percent like you.. why would i give you 10 percent for nothing?

Sure you could do that. It would be your choice and investment strategy.

But the idea behind this coin is that for the "price" of 10% you'd have the potential to gain the same large profits that can be seen on the altcoin markets, but without the same huge risks.
The chance of losing 10% is very small in comparison to how much you could gain.

BTC might be a safe choice, but it's not a very profitable one.

[Bitres]

not bad, alcurex is a little small... would love to have them write something saying they hold the btc at the 90% level and will keep the buywall. so dev doesnt get any coins though? unless people sell into the wall? where do those coins end up destroyed?

The buy wall is held and neither we, nor alcurEX has the right to remove it; the funds are meant only for keeping as a safety reserve.
The only way to get rid of the wall is to sell all existing BITs into it, which would practically make BIT worthless.

BITs that are sold into the buy wall are kept untouched in an offline wallet just like the bitcoin reserve.

10% of BITs are left unsold and are kept by the development team and alcurEX to cover development costs of future BitRes services and bounties.

[constary]

not bad, alcurex is a little small... would love to have them write something saying they hold the btc at the 90% level and will keep the buywall. so dev doesnt get any coins though? unless people sell into the wall? where do those coins end up destroyed?

alcurex is a too small exchange  even no volume.

[captainbluff]

some sucker will always fall for the IPO scheme.

[marketcap]

not bad, alcurex is a little small... would love to have them write something saying they hold the btc at the 90% level and will keep the buywall. so dev doesnt get any coins though? unless people sell into the wall? where do those coins end up destroyed?

There is note in wallet.

Reserve property holder legal notice
Reserve holder is a registered finance company:
Company name: ALCUREX OY.
Reserve market address: alcurex.org and alcurex.com
alcurEX Oy agrees to hold reserve bitcoins for safe keeping and separate from its own property.
alcurEX is a finance and property holding company and will not take any responsibility about cryptocurrencies' technical functionalities, or any loss that may happen because of them.
Because the property is experimental cryptocurrency, it can't insured, but the reserve wallet is strongly encrypted and it is offline.

[zrunfeng]

one another ipo