Topic: [ANN] [MUL] MultiCoin - with decentralized ATM - MULTIPOOL - Now Distributing - page 20. (Read 20234 times)

Mtc is taken already. Do some dig before announcing something

You can read some of these articles:
http://marginalrevolution.com/marginalrevolution/2013/12/the-real-costs-of-virtual-money.html
http://www.forbes.com/sites/robertwood/2013/12/02/bitcoins-13-50-to-1200-eleven-month-climb-now-taxes/

yes , any proof to support your answer.

just a gen 1.0 ,you know ,most of gen 1.0 coin will dead ,especially like yours multicoin ,with no new feature ,just clone litecoin .

Same question.

What about the risk of you just keeping all the 69.5 BTC

Is it true? Do you have any reference?

• Mining Bitcoin is a waste of energy & destroys nature. Bitcoin Mining Uses $15 Million's Worth Of Electricity Every Day.
• In 5 years, 600 Millions USD worth of electricity was burnt for bitcoin mining.
• Multicoin, a crypto currency of future, solved this problem with its unique distribution method.

Overview:

• There are 300,000,000 coins to be existed. They are splitted into 30 parts and distribute to all user within 30 days.
• Everyday, 10,000,000 coins are shared to these 2 groups:
  
  • Miners will mine at a multipool and receive their shares of Multicoin daily.
    
  • Investors will exchange their BitCoin and receive their shares of Multicoin daily.
• All Bitcoin generated from miners and investors are used to back up the MultiCoin Automated Teller Machine (M-ATM)

Shares Calculation:
There are 30 rounds:

• 10,000,000 Multicoin is distributed each round.
• Each round lasts 24 hours.
• 5,000,000 coins are sent to miners and 5,000,000 coins are sent to investors each round:
  
  • Amount of Multicoin each miner receives is based on the number of shares they mined in a round divide by the total shares that are mined in that round.
  • Amount of Multicoin each investor receives is based on the amount of bitcoin they invested in a round divide by the total amount of bitcoin invested in that round.

• M-ATM is a place to cash out Multicoin for Bitcoin.
• You can exchange any amount of your Multicoin into Bitcoin at anytime using the M-ATM at a fixed rate. This rate is decided after the 30 days of Distribution ended and will never change.
• The rate is calculated by divide the total bitcoin generated by miners and investors within 30 days of distribution for the total amount of Multicoin distributed. You can always get back 100% of your investment at anytime using the M-ATM. This is why Multicoin is a risk-free
  investment

Use the information below to mine:

• Stratum Server: stratum.multicoin.me
• Stratum Port: 8888
• Username: YOUR_MTC_ADDRESS
• Password: ANY_PASSWORD

For ATI GPU using cgminer:

For CPU miners using cpu-miner:


A protocol built on top of MultiCoin help making the M-ATM and MULTIPOOL decentralized.

• Heavily modifying and combining the codes of Counterparty and MasterCoin we successfully built a decentralized M-ATM (still in alpha test, source code will be release after distribution ended for beta testing)
• With the help of the open-source project: p2pool We easily implemented a decentralised MULTIPOOL for MultiCoin

I will announce more details after the distribution ended.




How do I get MultiCoin?
You can join MultiCoin distribution and get MultiCoin by contributing to the MultiCoin network. To contribute to the network, you can either:

• Mining at our multipool and receive MultiCoin daily.
• Investing Bitcoin and receive MultiCoin daily.

How is MultiCoin distributed?
Total of 300,000,000 MultiCoin will be distributed in 30 days. 10,000,000 coins is distributed each day.

• 5,000,000 is distributed to miners.
• The other 5,000,000 is distributed to investors.

How many MultiCoin do I get for mining?
Each day, 5,000,000 Multicoin are sent to miners. You will receive a part of 5,000,000 coins depends on your mined shares. Your percentage is calculated as follow:
Divide the amount of shares you mined by the total shares was mined on that day

How many MultiCoin do I get for investing?
There are also 5,000,000 MultiCoin sent to investors each day. You will receive a part of 5,000,000 coins that are distributed to investors. Your percentage is calculated as follow:
Divide the amount of bitcoin you invested by the total bitcoin invested on that day

When do I receive my coins?
You will receive your coins right at the end of the day when the round is ended. The payments are processed automatically.

What is the MultiCoin Automated Teller Machine (M-ATM)?
MultiCoin Automated Teller Machine (M-ATM) is a place where you can deposit MultiCoin and receive BitCoin automatically.

How does M-ATM work?
M-ATM is designed so every investors (including the early investors and the future investors) can turn MultiCoin into Bitcoin at anytime. All the Bitcoin generated from MultiCoin distribution are used to back up the M-ATM.

How is the M-ATM's exchange rate calculated?
The exchange rate of M-ATM is a fixed number. The rate is calculated by dividing the amount of Bitcoin generated in 30 days of distribution for the total amount of MultiCoin distributed (300,000,000). This number will never change no matter what.

Why are you not using POS?
I'm using POW instead of POS because there is another unique feature of MULTICOIN that can only be implemented if we use POW. A protocol built on top of MultiCoin help making the M-ATM decentralized.

Any plan for the future?
Building a protocol on top of MultiCoin help making the M-ATM and MULTIPOOL decentralized.

• Heavily modifying and combining the codes of Counterparty and MasterCoin we successfully built a decentralized M-ATM (still in alpha test, source code will be release after distribution ended for beta testing)
• With the help of the open-source project: p2pool We easily implemented a decentralised MULTIPOOL for MultiCoin

I will announce more details after the distribution ended.