Topic: [ANN] Mjollnircoin - MNR - Ultra-secure, Fast Transactions & ASIC resistant - page 12. (Read 80201 times)

Also, I have contacted 'ThisWeeksCoin' and their service also requires a Fee. They could create quite some visibility for us

Edit: Maybe another time, not now.

I feel if you want to log bittrex should start the next frame MNR other trading sites

I'm back,
What do I need to work,
My English is not very good. I'm sorry, this is no time to participate in the community.
If you need my help or participate, please send an email to my email or PM me

I have asked Bittrex if they would be interested in faucetting the 10K MNR in the Vault

https://twitter.com/mjollnircoin/status/478159009930043392

This doesn't mean he don't want to be protected from scamming.

That would be great, I'd be happy to chime in.

The coin request I filled in dates back to the 6th of June, the answer I pasted below; But as you say, 0.5 BTC is twice as easy

I think a couple of exchanges have gotten mixed up.  Looks like it's only 0.5 btc for Bittrex spotlight.
That would make it twice as easy for us.

I'm going to see if I can talk to someone in IRC and find out the exact procedure.

Below is a copy/paste of a message found:
We look for coins that have high community demand, innovations to cryto-coin technology, or a contribution to science or humanity. Given the demand for coin launches, we limit ourselves to only a handful a week. Launching is free and at our discretion. If you'd like to guarantee the launch of your coin and get additional marketing in our platform, we offer the option to spotlight your coin for 0.5 BTC.

To help speed up the process of deploying your coin, we'd like the following information:
* Coin Name
* Coin trading symbol
* Launch Date (past or future)
* Github Link
* Exchanges you are currently on
* Official blockchain explorer
* What is your TxFee for a transaction
* What do you believe your min trade size should be
* A png image for your coin with a transparent background

We are mindful of scams, copyright violations, and offensive subjects and reserve the right to refuse any coin on our platform.

Tho i put in 1000MNR for the cause i wasn't too hot on paying them to list us either. It sounds a lot more palatable when you put it this way but 1tc is alot considering!..

What exactly are the details of the advertizement? X amount of days/weeks advertized on bittrex till listed? Or is it advertize with us and "maybe" we will list you when we feel like it?
 

Anyway I agree we should do whatever is best for the coin as long as it is made clear so that there can't be any FUD about it.  For example the VAULT could be renamed the Mjollnir promotion fund or something similar to make it's purpose clear.  Maybe even incorporate a certain percentage of all mined blocks in future to go towards the fund whilst ensuring that too many coins are never put onto the market at once.  Also I hope the aim is not to auction all 250,000 Mjollnir in one go as that would kill any value.  If that is what how a superblock would be used then I am opposed to it.

I spoke to Bittrex and they say that they do not list coins for money.  They will advertise coins and if the developers are willing to pay for advertising, have working wallets etc and illustrate their support for the coin by doing this they will list.

Yes, the example numbers are a little bit extreme  70 days is a long period for funding. I was thinking about less blocks, but with a higher reward and shorter times between releases (3-4 days) to auction them one by one sequentially until the BTC amount of 1.0 is reached and all excess would be used for another purpose, whilst keeping the left-over vault blocks to pay in MNR for promotion purposes in the future.  But your solution sounds a lot simpler, which I like very much. If anyone would like to comment on the Auction idea, it would be great. Otherwise, I'd like to go with idea of Cayars (his ideas been all good for Mjollnircoin so far) and organize the Auction as described

Example what it could look like.  Let's call this day 3:
0.1 btc Soul_eater_123
0.1 btc mjollnircoin
0.1 btc zedicus
0.1 btc Soul_eater_123
0.1 btc cayars
0.1 btc TheRealSteve
0.1 btc braxx
0.1 btc zedicus
0.1 btc griffinriz
0.1 btc auy

In this example two people have bid on a second block.  At this point all bids are 0.1 btc
Now on day 4 three additional people decide to bid 0.11 btc so it would look like this:

0.11 btc reorder
0.11 btc cminer123
0.11 btc feina24h
0.1 btc Soul_eater_123
0.1 btc mjollnircoin
0.1 btc zedicus
0.1 btc Soul_eater_123
0.1 btc cayars
0.1 btc TheRealSteve
0.1 btc braxx
------
These three got knocked off the current list
0.1 btc zedicus
0.1 btc griffinriz
0.1 btc auy

Now on day 5 auy raise his bid plus I decide I want to get a 2nd block so
0.11 btc auy
0.11 btc cayars
0.11 btc reorder
0.11 btc cminer123
0.11 btc feina24h
0.1 btc Soul_eater_123
0.1 btc mjollnircoin
0.1 btc zedicus
0.1 btc Soul_eater_123
0.1 btc cayars
--------
These bids get knocked off the list
0.1 btc TheRealSteve
0.1 btc braxx

Now on day 6 chango wants in at 0.11 and since I just got knocked off by him at 0.1 I rebid at 0.11 (cayars) for a 2nd block of MNR
0.11 btc cayars
0.11 btc chango
0.11 btc auy
0.11 btc cayars
0.11 btc reorder
0.11 btc cminer123
0.11 btc feina24h
0.1 btc Soul_eater_123
0.1 btc mjollnircoin
0.1 btc zedicus

No new bids on day 7 so all ten blocks go to the list from day 6.
Total auction of 1.7 btc
1 btc to bittrex and 0.7 btc to the donation vault for other uses.

This is optimistic but would show how it could work if we got a lot of bids.  Frankly I just want to see the 10 blocks bid on.

I've been thinking about this since our IRC chat.  Here is my "revised" thoughts:

I'm not sure we want to wait 70 days or 2 1/3 months.  I don't really see the need to generate 10 different blocks of 25K.  Just generate one super vault block with 250K MNR.  No need to wait at all.

We can then get the auction process started right away.  All 10 blocks of coins can be "sold/auctioned" at the same time.  Each block reserved for 0.1 btc.

So basically the first 10 people to take a block for 0.1 btc gets the block of 25K MNR (assuming they don't get outbid).  Once all 10 blocks are "taken" at 0.1 btc we can allow others to increase bid in 0.01 increments.  We can allow up to 24 hours between bids but if at any time 24 hours go by without a new/higher bid then the auction is over and the funds are used to get on Bittrex.

Any additional btc generated from the 0.01 bid increments can be rolled into the donation vault to be used for another purpose the community decides.

So basically if we generate the 250K MNR at one shot we can get the auction going and possibly wrap it up within a week if at least 10 people want a block or 5 people want 2 sets of blocks, etc...

Quick, to the point, easy to admin right here in the forums and should generate some excitement along the way.

What do you all think?

Carlo

Works OK in TestNet, Vault block coins when mined are spent to the Vault. Release date for new wallet expected soon

There are still the Vault Blocks; They should get us listed if we somehow don't attract the critical mass required for Bittrex

Any blocks that are left will be kept in the Vault and can be used for a purpose like you describe, promoting Mjollnircoin

Good I think it might take longer for MNR to succeed but it will be on the basis of honesty and fairness and not for the gain of exchanges/whales who will use the coin for their purposes and then kill it.  Also I think it is fine to auction off coins (for a fair rate) as long as the money/BTC are used for legitimate promotion.  Alternatively maybe we could give some coins to do a job, e.g. a new PR person for the team, promise them the coins and hold them in ESCROW for a certain period.  This would give them incentive to really work on promoting the coin (and not just sell them), the greater their success the greater the value those MNR will hold.  Just an idea.