Introducing: Alter Ego Coin , 100% ASIC&FPGA safe PoW GPU coin with AEC/FIAT exchange.LAUNCH DATE: 26:th of April 20:00 CET
IPO INVESTMENT PHASE ENDS 25:th of April 20:00 CETPreliminary release date: 26:th of April. We have choosen to release on the weekend to make the launch as fair as possible.
This project is being worked on side by side with University studys, work and parenting by the Development team.
We estimate we should be done by then, it might be released on the 27:th and in a absolute worst case scenario the weekend after.
After Bitcoin mining became ASIC centralised people converted to Litecoin/altcoin mining and since Scrypt mining is soon
going to be just as centralised as Bitcoin mining we came up with the solution - Alter Ego Coin.
The Alter Ego network will be secured by multiple hashing algoritms rotating in a pre determined cycle
that will make AEC impossible to mine with any currently existing or in the pipeline type of ASIC/FPGA.
AEC mining will require a customised miner to mine and the miner is currently in progress.
Exactly what algos and how many different algos that the miner will use will not be made public yet.
Our aim is to take the power back from a few companys that produce ASIC`s and FPGA`s for a small elite of miners able to invest
thousands of USD into dedicated mining equipment and re-decentralize crypto giving everybody the opportunity to mine, now and in the future.
At the same time we wanted to develop a coin that fast and easy can be converted into FIAT and sent almost anywhere in the world.
A coin that gives you the option to instantly exchange your Bitcoin or any other cryptocurrency into AEC and trade the AEC for FIAT and have them sent directly to your bankaccount. We will have downloads for Windows, MacOS, Linux source available on release - no one will be left out in the dark.
Release will come after a 3 days prior notice and a public countdown, we suggest that you keep an eye on this thread
or even better add us on Twitter @AlterEgoCoin to not miss any updates. Release on th 26:th of April.
Three 0% fee P2Pools (1 EU, 1 US, 1 CN) will be available on release and they will remain open until we see at least a few other pools up and running, then we will close them with a 24 hours prior notice.
It is our firm belief that pools should not be run by developers, they should be run by independent pool operators being a part of the community!
The Exchange:
In paralell with the coin and the miner we are working on a AEC/FIAT exchange that is planned to go live a few weeks after mining have
started. The coin will by then be listed on at least a few major/larger exchanges and the market should have determined its value.
We will be able to conduct IBAN/SWIFT/BIC transfers for up to 4000SEK or roughly 625USD per transaction without a know-your-customer process
in full compliance with our local laws and regulations.
If you want to exchange larger amounts we suggest doing several transactions with 1 day(24 hours) in between or going through the registration process that we will try make as fast and painless as possible.
Our aim is to keep the process under 24 hours on working days, national holidays will of course be listed on the site.
Upon launch this service will be available to EU+Norway, USA/Canada and Chinese customers only!
India and other countrys part of the commonwealth is second on priority list, Africa and South America are not considered at the moment sorry.
PLEASE NOTE: For some countrys we might need optional information like Sort code or Routing code or Routing number.
PLEASE NOTE: Certains fee`s will apply using this service, our goal is to keep the payout to the customer above 95%.
For smaller transfers the percentage might be lower and for larger it will be higher in the 97.5-98% range for none KYC sending transfers for the maximum amount (4000SEK).
Transactions will be sent out on the next working day.
Transaction time might slightly vary from country to country and from bank to bank.
Payments will be made in SEK only so an exchange fee might be applied by your bank.
Exchange rate will be determined by the timestamp for when your coins reach us, not when they are sent!
This combined with the higher number of confirmations for exchange is needed will prevent the coin being pumped then dumped on us for FIAT.
There will be a roof at 40000SEK/week for KYC verified customers, this limit we hope to remove or increase as soon as possible.
PLEASE NOTE: If you transfer when reaching us should be worth more then the amount we are allowed to buy without a KYC process (4000SEK)
then the surplus will be considered a donation to charity through Garissa.se
example: your coins are worth 627USD instead of 625USD then 2USD will be donated to Garissa.se that helps young girls in eastern Kenya with housing, education and most important help them avoid female genital mutilation.
This is to prevent situations where we are not allowed to buy the amount sent to us w.o putting your payment on hold and force you to
initiate a KYC process.
Coin info:
Block value: 50AEC
Block time: 2 minutes
Block reward halves: every 500000 blocks
Total coin supply: 50000000
Difficulty adjustment: 5 blocks
Start difficulty: 50 (to prevent insta-mining)
Confirmations needed for transactions: 10, for the exchange the number of confirmations will be set higher!
Confirmations needed for maturity of mined blocks: 120
Clients available upon release: Windows, MacOS, Linux and Github source
Premine: 2% or 1 million in total - 950000 for IPO. 25000 for bountys, translations, giveaways & promotions.
15000 to buy into selected exchanges and 10000 for developers (=1% of premine or 0.0002% of total coin supply).
Information about investment:- 950000 AEC will be divided among the investors depending on their percentage of total investment, if there is 1 Bitcoin in total investment and you have invested 0.01 Bitcoin you will recive 9500 AEC.
Minimum investment is 0.001 Bitcoin, smaller amounts will be considered donations to Garissa.seTo make a investment make a Bitcoin transfer to:
1uNnWfU681S24gwNpJuuJoxRSM44sjCsH And then post here in this thread or PM/email (
[email protected]) us your transaction details, if you want your investment to be anonymous then send a personal message or email with the transaction details.
Any investment sent to the Bitcoin adress after the time has ran out will be considered a donation to Garissa.se
Total amount invested will always remain public! Upon release you will be contacted through PM or email(
[email protected]) and asked to send us your AEC adress, most likely within 12 hours.
We will then manually send out transfers in the order that we get the replys.
You should have your AEC in your wallet within 24 hours from your reply, please do not spam our inbox to oblivion.
We will send them out on a first come, first served basis - if you can not respect that we will most likely move you to the end of the line!
Please consider the possible time difference and be aware of that the less time we spend on PM`s the faster we can get to you & everyone else.
If you have not recieved your AEC 36 hours after your reply to our PM please contact us and we will provide you with insta-panic support!
Current bountys:
- Coin logo - Bounty 2000 AEC RESERVED!
Winner: MyMenace
Please post logo submissons directly in this thread.
Bounty raised to 2000 AEC from 1000 AEC.
- Chinese 0% fee pool or p2pool - Bounty 1000 AEC
We are looking for someone that currently are running pools for chinese miners that is willing to cooperate with us to set up a 0% pool ready for the release.
Bounty will be paid out after 7 days of uptime, after 7 days you are welcome to take the pool down or set the fee to any % you wish
Reserved!
- Chinese translation of the exchange - Bounty minimum 500 AEC
We will pay out 1 AEC / english word we need translated, if interested please contact us through PM. Bounty will be payed out after release and after 2 proof-readings.
Bounty reserved for forum member XZM7001
- Proof reading of Chinese translation - Bounty 2x250 AEC
We need 2 people that can double check the Chinese translation. If interested please contact us through PM.
- Optimise the miner - Bounty 5000 AEC
If you can optimise the miner increasing hashrate with more then 5% we will pay out a bounty of 5000 AEC, if the optimisation only applies to the AMD or CUDA side the bounty will be cut in half.
Bounty will not be paid out for miners that includes a fee or is sold by the developer!
- Follow us on Twitter - Bounty 5 AEC
For those that follow us prior to the release and retweet our offical release tweet.
Follow us at @AlterEgoCoin
- Translation of ANN thread for Chinese subforum - 2000 AEC
Translate the ANN post for the Chinese subforum.
- Block explorer and coin counter - Bounty 5000AEC
Bounty reserved by forum member btcltcdigger
Q&A - If you cant find the answer to your question in this ANN post or in the thread, please post in this thread or send a PM it and we will include it in the Q&A- Will you have a webpage or forum?The exchange will of course have a webpage but we have no plans to introduce our own forum at the moment and most likely not in the future either. We do not want to put the workload of maintaining and moderating a forum on top of our current works in progress as it would steal time and energy and we know that many people want information to be first available here at Bitcointalk.
- Will you allow other Cryptos then AEC to be converted into FIAT?From the start we will not convert other currencys then AEC into FIAT, in the future we might consider adding exchange of other coins.
We might buy other crypto`s in limited amounts to start with, f:ex if we have an investor that want to buy 100
BTC or 1000 litecoin we might put up a temporary buy offer for that exact amount.
- Will you sell any form of products, computer hardware or similar?Not from the beginning but we are in loose discussions with a local company about becoming distributors for Gold, Silver and Platinum bars. A crypto > precious metals exchange service will most likely be available earliest by early autumn after summer vacations.
At the moment it is low priority on the to-do list but we are aware of that this would be an attractive option for some customers.
- Will the exchange be run by the team as private persons or by a company.It will of course be run by a company, we have together invested 100000SEK into a joint stock company (Aktiebolag) on top of investments in hardware, renting a small office, internet connection etc.
We have other possible investors maybe willing to take part in this adventure with us, in a worst case scenario we will use our own resources like apartments, cars and savings funds as collateral to get temporary bank loans.
Full information about the company, address, tax registration number will etc be available on the exchange webpage upon release.
This is public information in Sweden and nothing we can or want to hide.
We aim to get listed on one of the smaller local stock exchanges in a near future, please subscribe to the exchanges mailing list after release if you are interested in future investment opportunitys or just curious in general.
- Will i be able to contact you by phone?Most likely not to start with, we will try to man the livechat as much as possible but an email or a support ticket would most likely be the fastest way to get in touch with us unless you are a european citizen or a nightowl/early bird because of the time difference since we will not have the possibilty to man the office/live chat 24/7.
- Who are the team behind AEC?Martin Johansson, bank employee, founder and responsible for marketing, public/media relations and support(for now), also in charge of the coffee percolator.
Tobias Hansson, system developer, founder and in charge of the exchange together with Anonymous.
Anonymous, computer programmer, founder - currently working on the coin, the exchange and the customized miner.
Foppa & Plura, 2 goldfish living at the office that provide mental counseling and act as sounding board.
- Will i be able to solo mine?Yes! But we dont recommend it unless you have some serious hashing power at your disposal.
- Will i be able to CPU mine.No and maybe, there is no support for a setgenerate command and the custom miner dont have CPU support, it is not impossible that someone writes and release a CPU miner in the future.
- Will the custom miner have NVIDIA support or be AMD only?The custom miner will support both AMD and NVIDIA cards.
We can not guarantee that it will be 100% optimised on release but it will be fully functional, optimisation of the miner have high priority and there is also a bounty.
- Why do you buy your own coins and trade them for FIAT? Because the coins will be put back on the open market or sold to investors or traded against f:ex Bitcoins and
then sold to investors. We will make money mainly of the exchange fee`s and act as local agents for other looking to invest in Bitcoin or alternative cryptocurrencys.
total IPO investments so far:
miningviking BTC0.25591673
maxsolnc BTC0.0965
oncebitcoinedtwiceshy BTC0.2000
anonymous1 BTC0.1000
anonymous2 BTC0.01041285
anonymous3 BTC0.0500
anonymous4 BTC0.12314159
anonymous5 BTC0.01
TPS BTC0.001
KarmaPoliceT2 BTC0.011
anonymous6 BTC0.34051465
anonymous7 BTC0.1091
Darktt BTC0.015
anonymous8 BTC0.20
neo1947 BTC0.6127039
Omalley-crypto BTC0.10
and we have a winner)
