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Topic: [ANN] Guncoin(GUN) - New GUN Core V2.0 Released - Masternodes are HERE! - page 141. (Read 187710 times)

legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Someone invested a bit more. I edited my other post to reflect this. But you can always view the transactions on the blockchain or blockexplorer.
hero member
Activity: 728
Merit: 504
full member
Activity: 158
Merit: 100
UPDATE

We are still looking for a knowledgeable Developer for some side work.  If anyone is interested, or if you can recommend someone who may be interested, please contact us.  This is paid work.
full member
Activity: 158
Merit: 100
We will seriously considder this.  Thank you both for voicing your sentiments.
member
Activity: 97
Merit: 10
As the first Gun coin investor via the Bitcoin fundraiser, I share the same sentiments expressed by hughjays77 regarding the high likelihood of an instamine upon release if the difficulty rating remains at an 8 hours retarget. I advise the implementation of a difficulty retarget every block via KGW.
hero member
Activity: 728
Merit: 504
Also remember in the IPO restructure to include a 'faith in project' premium that is

1st week participants share - perhaps a 20% premium[extra coins]
2nd week participants - 15% premium
3rd week - 10%
4th week - NO PREMIUM


As a matter of fact you can announce only in this forum that "if you invest in the current Fundraising as well as the IPO you will also receive 4x of your Fundaising investment.

That represents an extra reward for investing real US$ cash[NO escrow] for the fundraising plus bitcoin in the IPO[escrow protected].

Again looking forward to investing in the IPO and........... maybe even still the fundraising  Wink






UPDATE

Besides restructuring the IPCO to provide greater value to the investors, we also wanted to let everyone know that we are on track to release the Blockchain Explorer site this upcoming weekend.  More information to come!

Thank you all
newbie
Activity: 16
Merit: 0
Reel in the gun nuts long enough to buy in then hit 'em with the panda IPO special
hero member
Activity: 728
Merit: 504
The Fundraising should have had 3x-4x rewards but that cant be changed plus the legit excuse can be used that crowdfunding is based on 'support' for concept and not financial gain !

The IPO at this stage needs to restructured to give at least 2x-3x the current reward.

Looking forward to investing when the coins specs and IPO rewards are adusted !



uote author=hughjays77 link=topic=498671.msg5778909#msg5778909 date=1395217012]
500,000,000 guncoin

and IPO investment 0.1btc gives you just 16000 guncoins valued at 625 satoshi

I'll wait to mine
[/quote]
hero member
Activity: 728
Merit: 504
Hey GCSupport,

I am considering an investment I have final concerns about the below:

NAME: Guncoin
SYMBOL: GUN
CRYPTOGRAPHY: Scrypt POW (Proof of Work)
MAXIMUM COINS: 500,000,000
PREMINE: 10% (50,000,000) for IPCO Fundraising Contributors
BLOCK REWARDS: 200
BLOCK TIME: 2 Minutes
DIFFICULTY RETARGET: 8 Hours

REWARDS HALF: Every 1,000,000 Blocks



Fundraising and IPO investors have to be protected and of course like the real world should have the highest potential payoff

I know things can still change and may I suggest that on release 1) difficulty re-targets every block via KGW or some other mechanism otherwise solo miners with huge mining farms will instamine millions of the coins within minutes of release. 2) The first 250-500 blocks only reward '1 coin' 3) Reconfigure Block time to every 10minutes or reduce block reward to 40coins so their is a scarcity factor - remember people interested in this coin have HUGE DISDAIN for any currency[crypto or fiat] that is deemed plentyfull without any real value. SCARCITY is a always a good selling point. If you keep the 500,000,000 coins make sure you stress to the Gun/Christian and/or Libertarian crowd that this amount would be over say 100 years and would dwarf the US$ currency in circulation.

Good luck[I am available for PR hire]
full member
Activity: 158
Merit: 100
UPDATE

Besides restructuring the IPCO to provide greater value to the investors, we also wanted to let everyone know that we are on track to release the Blockchain Explorer site this upcoming weekend.  More information to come!

Thank you all
full member
Activity: 158
Merit: 100
I spoke to the other team members, and we all have agreed to go this route.  I think everyone will be very happy with the outcome and you are guaranteed a minimum quantity, with good potential to receive more.

Keep in mind, we also have a fiat fundraiser going with about 2 weeks left on it, and those coins are already spoken for with the previous structure.  Currently, the total quantity claimed from the fiat fundraiser is at 2,142,900 GUN.  I do not really expect that to grow much more before it ends.  So, that leaves a total IPCO bounty of 47,857,100 for the BTC investors.  That may change by the end of the fiat fundraiser, but I will be sure to post the final numbers at that time.

I have updated the website to reflect the addition of the mass-split at the end of the IPCO.

Any questions?
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
That sounds better. Essentially, investors get a minimum amount of GUN per BTC invested, but upon launching, any left over pre-mined GUN that was not bought gets proportionally distributed to all investors. So there are two parts of the investment, where each investor gets what they pay for, and each investors gets additional GUN if there are any left.

If the limit has been reached, then each investor simply gets what they paid for (as zero is left.)

That looks good. It should be made public either here or on the website, the updated list of investors and how much they will initially get, as well as how much the "bonus" is if no one else invests. Naturally, this bonus gets smaller as more investors buy in.

You basically set a floor.

In the end, there is little difference, because if people "over invest", then everyone gets less GUN, but each GUN is worth more. However, you will get less complaints with this structure.
full member
Activity: 158
Merit: 100
Well, we are interested in what anyone who wants to contribute has to say.  By all means, if any of you are interested in contributing but there is something you do not like about the way that the IPCO is structured, please say so!  We obviously want to get investments, and we want the investors to be happy.  What we did not want to happen is for there to be an extremely large amount of investors and then end up having to give those investors substantially LESS than we currently have on the table.  We are actually limiting the amount of investment we can get in the way it is currently structured.

Please, if you are interested in investing, share your thoughts.

I have put a lot of thought into the IPCO options, and one thing I have kicked around is this...

We mainly don't want people to end up in the situation I talked about above (having to receive LESS than what is listed in the table because of "over-investment").  However, we also do not want to end up with a lot of the initial IPCO going unclaimed.  So, we could still offer the same basic table as a "minimum" that would be increased based on investments.  In other words, whatever is NOT claimed by launch could be split accordingly between the investors.

Any thoughts?
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Most other coins that have IPO / IPCO launch with the full amount, proportionally divided by the total investment. You don't really know how much you are getting until the IPO is closed. Here, it is a fixed amount, maybe because they are trying to peg a value to it already.

In theory, the amount if BTC you send will give you a proportional amount of GUN, that is worth close to the fiat value of the BTC.

So, 200,000 GUN should buy me a glock or something comparable.
full member
Activity: 158
Merit: 100
Now would be a good time to begin writing articles for popular Pro-gun blogs such as "The Truth About Guns" ([email protected]) to gain exposure among firearm enthusiasts.

Yes sir!  Actually, we have been in contact with many Gun Rights, Preppers and 2nd Amendment supporting organizations over the last few weeks getting them information on Guncoin.  It seems that most of these places end up wanting to re-post the article by Bitcoin Magazine (http://bitcoinmagazine.com/10434/guncoin-2nd-amendment/).

Granted, it is a fantastic article, but it would be nice to see some "new blood" out there.  That is a great idea, we will see if we can seek out some more journalists to do some more article writing.
member
Activity: 97
Merit: 10
Now would be a good time to begin writing articles for popular Pro-gun blogs such as "The Truth About Guns" ([email protected]) to gain exposure among firearm enthusiasts.
hero member
Activity: 728
Merit: 504
500,000,000 guncoin

and IPO investment 0.1btc gives you just 16000 guncoins valued at 625 satoshi

I'll wait to mine
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
Confirmed IPCO Investors, Number, Amount of BTC, Tx ID

1, 1.0230054, 8419ad6aef80fcf5a80edbb6d2aa6392602d60caff8d85c278ff6631c94e1c55
2, 0.033, 176a7d93ec68867859c890f297453d0347b6f74e08bd052a03bb12f6e33fb219
3, 0.055, fcb87d35d9c1b9ebe9a159d76036098688b1d235c65596e219339cc8746adb6c
full member
Activity: 158
Merit: 100
UPDATE

INTERESTED IN SETTING UP A GUNCOIN MINING POOL?
Please email us ([email protected]) with your contact information so that we can make sure to get you started immediately at launch.
full member
Activity: 158
Merit: 100
UPDATE

We have updated the IPCO information in the main thread and have also changed the IPCO page on the website accordingly.

Invest your BTC safely knowing that if Guncoin fails to launch successfully, you will be refunded.
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