i was just rereading the opp and there are a few small things that need to be updated
QIBUCK INTRODUCTION - FIRST PROOF OF BAGHOLD COIN
QIBUCK COIN is the creation of not one but many like minded Souls that have come together to help create a solid Crypto Currency that will be here for years to come.. Many who know one of us as qibucks on the Poloniex Trollbox will remember all the laughter and jokes we used to have around our bagholding coins that either died or nose dived, so we wanted to remedy this situation by creating a coin that everyone would be proud to baghold. So anyone bagholding 500 coins or more will be eligible to earn
bi monthly bonus from our investment portfolio’s net income on a monthly basis forever, as long as they hold 500 coins or more and as long as we have profits for the period.
What makes bagholding QIBUCK COIN so special then? Every Bagholder of
100 or more QIBUCKS will be sharing in the revenue created by all the ventures we invest in from the offset and from referral commissions and sales from various sites and activities. You will not only earn from the proof of stake but you will earn also from the THE PROOF OF BAGHOLD, which is the part that is going to create intrinsic value for our coin. When our investment income generated every month increases and QIBUCK COIN is backed up by these investments wouldn’t that be a desirable reason to want to own and hold this coin? We will also share our revenues to create more and more distribution of QIBUCKS to those less fortunate Ones too who need a break to be able to thrive and blossom. We believe that every Being on this planet has the right not only to a nice warm home and security, but also has the right to own the freedom to grow and develop to its fullest potential and to this end we present to you QIBUCK COIN.
PROOF OF BAGHOLD - POBH DISTRIBUTION OF BI MONTHLY NET REVENUES
Here is how the NET REVENUES from all outside incomes will be dispersed on a monthly basis. All wallets on the Richlist that at the end of the month baghold 500 or more QIBUCKS will be eligible to earn a
bi monthly bonus/gift, depending on if profits are generated.
2. PROOF OF BAGHOLD POOL
All HOLDERS OF QIBUCK COIN that baghold 500 or more coins at the time of the theirby monthly audit day will be eligible to receive a bonus gift from this portion of the incoming revenues. Basically the more coins one bagholds, the larger the dividend bonus will be. This is what will help the price of QIBUCK grow over time as opposed to dwindle, due to lack of interest, dumping and moving on type of coins. Bagholders will be paid in Bitcoin or qbk
quarterly. There will be one bonus dividend as having two dividends has not been taken into good stead. We thought it would have been a good addition but it was pointed out that this could be abused and correctly so. We take all feedback seriously and act accordingly. It will be percentage based on the amount that you own at time of audit taken from the block explorer bagholder list here:
http://explorer.qibuck.com/over100.php .The Percentage that is on POLONIEX will be absorbed by the rest of the Bagholder percentage in the one dividend and calculated as so because POLONIEX EXCHANGE does not receive a dividend as this was voted on by the majority of the QBK Community. See here our first dividend payments paid out for September 2014:
http://goo.gl/GPJP2j . Bagholders can choose to be paid either in BTC or QBK. We will also give out random bonueses to nice behaving bagholder wallets throughout the
bi monthly fiscal period.
Just thought id let you know
Yes we have it mind to totally update the OP in the next month or so..
@Gabrile..SilverkingUK and myself and James are both co-founders of QIBUCK..We don't have at present a resident developer as such..We are both hardcore digital currency enthusiasts that wanted to produce a store of value, especially as so many scam developers come and go and coins get pumped and dumped and die..We wanted to reward holders of our coin wiht a monthly bonus which we have paid since inception, despite others trying to kill the coin through FUD and also scamming us.like the original developer who ran off with our development fund.. Good news is, nearly one year later we have survived and are also slowly backing our coin with bullion, OF WHICH 8 grams of silver arrived in my mailbox all the way from the US.. Please always do due diligence before investing in anything. If you are happy with past performance and it satisfies your criteria then you are most welcome. We dont want to build a coin on hype and BS..We are slowly slowly producing a store of wealth as most fiat currencies and a plethora of digital currencies are just backed by fresh air and/or are controlled by sharks and whale consortiums..
1. We are growing assets for QBK to back the coin.
2. We are now starting to grow bullion assets to back the coin.
3. We pay monthly bagbonus in BITCOIN to those holders that own 500 or more QBK coin in their wallets.
4. We plan to be included in merchant api features by early next year.
5. When our fiscal budget is up we plan on technically developing the coin but investment is our primary feature for the present.
6. We will be adding our marketing arm QBK SUCCESS CLUB within the next week.which through our efforts will help generate more revenues, which in turn means more assets, more bullion and higher bagbonuses for our Bagholders.
These are just the short term goals..
I will take a picture of the silver that arrived laster today as well..
BY THE WAY WE HAVEN'T FORGOTTEN ABOUT the FOUNDER'S GIFT but the Dev is making a new wallet for the coin I heard and also they waiting for it to go on TREX so as soon as both those are verified and good to go I will inform the founders for their current founder gifts..
After this founder gift, the following one will probably be a bullion gift..we will see how our revenues go..
Also we hope to resume albeit even if it is small some angel wages for the two angels and also some mini wages for the staff again.. By July end Bagbonus QBK should be solvent again to pay it's own bagbonus and no longer form pocket so that will be awesome news..leaves me more spare cash to buy up more qbk for my bags and also to buy and donate more bullion yayayaya..