Importan ANNWe have decided to restructure Xcoin to help our investor's coins get more value. For this reason we'll be remaking the coin, but this time with Mining Phase and a Free Distribution that will help us get attention from miners and more community members. This will bring more attention and interest to xcoin thus increse its value.
All the results will be respected and our investors will get exactly the same coins they received. Stage 4, 5 , 6 are now cancelled.A brief summary:
Restructuring Xcoin
Today, May 22th, we, the xcoin dev team, have taken an important decision regarding the future of xcoin that we would like to announce, but not before state the facts that conducted us to take this decision.
The IPCOXcoin’s IPCO started exactly one month ago on April 22th. The rules were basically pretty easy, investors would receive a percentage of xcoins and depending on the amount they invested, they got the opportunity to get their own altcoin created by our coin creation service.
Many investors decided to invest the sufficient amount to get their own altcoin from our service, so that helped minimize the risk considerably for they were paying for our service and not only getting xcoins.
Three stages took place and exactly 33,000,000 xcoins were fairly distributed among all our investors.
The problemThe problem we faced in this IPCO was that we did not capitalize much attention from external people since the coin was 100% proof of stake without mining phase and only distributed among investors. For this reason, the main thread was almost deserted and when xcoin reached its first exchange (europex) the price was extremely low for the kind of characteristics xcoin has.
Action planEven though many of our investors got their own altcoin from our coin creation service and practically removed any risk from their investment, we decided to come up with a plan to help their xcoins be worth more.
The decision we made, was to restart xcoin but this time with a mining phase and a free distribution that will help us generate attention from miners and other community members, thus increasing xcoin’s popularity and value.
This restructuration will be done respecting the past IPCO results and giving the xcoins again to our investors that had already received them. We will not distort in any way the past results, our investors will receive the same amount of coins they had already received.
http://xcoin.coinnuke.com/73/