Topic: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official - page 43. (Read 196243 times)

What's that smell?

http://forum.neucoin.org/t/neucoins-official-block-explorer/1955/2

Hey ratso,

Yeah good, SOME clarity at last, but...

AVAILABLE NEUCOINS
•   Restricted NeuCoins that become unrestricted according to the schedule above
o   approximately 10.8 million NeuCoin tokens will become available on October 23


But.. what about the restricted nokoin that become unrestricted that aren't on the schedule above?
How many nokoin in TOTAL will be released on Oct 23?

What of the FOUNDERS 300m nokoin that will be released also. (6m nokoin released?, or, do founders get 100m nokoin lump sum this year?)
What of the FOUNDATION pay packets. (?? nokoin released)

Millions more nokoin due for release this month. Hidden by nokoin team.

Its confusing I know. I will explain again.
restricted coin- team 200m, seed 100m, angels 200m, FOUNDERS 300m. - Not mentioned above.
Foundation pay packets? Nobody knows. But at least a dozen "well paid positions" I assume? - Not mentioned above.

BTW, why didn't the foundation stake until angels (and team?) had already staked 9m nokoin for themselves?
Any reason or just more greed?
(first stake block 793, first stake for 1.4bn growth foundation block 2054.)

Also are scam confirmed 's above addresses really all growth accounts or "others"?
They need official recognition too.

Also, what block was "launch"?


Remember Darteous mod asking the same thing?
http://forum.neucoin.org/t/welcome-to-neucoin-forum/8/26
"@Sandrine Will the expected expenditures for the year be released at launch?"
"Also I'm concerned as to why you plan to pay the founders after the launch at the value of $0.0075 per coin."
"The foundations have set aside an additional 300 million sale-restricted coins (plus PoS awards earned on these coins) to release to the founders over the three years following launch"

also, Dartious mod in answer to M3ndi3,
http://forum.neucoin.org/t/why-are-people-associating-presale-premine-with-scam/591
"Most premines in the past have been scams. In which the founding team make a bunch of promises.."

And Torrgeek mod,
http://forum.neucoin.org/t/jackson-palmer-on-twitter/587/40
"For the sake of simplicity and transparency, can you answer.."
"At the end of year 1, assuming an [team, founder ect] investor who had 1000 neu to start with sells away all of the coins that have become unrestricted at the end of year 1, how many would he be left with and how many would he have sold?"
"What are the corresponding numbers at the end of year two?"


Oh, and the bitcoin?...

What's wrong with those growth account addresses? Three weeks after launch and still not a single stake...   

http://neucoin.io/address/Naq83C9qnFn8CarFnLov1khNYsgJzzEani
http://neucoin.io/address/NdYmnjS3oaFG6u2W8E41SWqSEjXsCcCmA3
http://neucoin.io/address/NbWn2oz8978ZzBTGSFqCgdsc5NdiSRwkXK
http://neucoin.io/address/NQ56Hbw6URkWyMYYw1gJy6puTdJSC5QYmX
http://neucoin.io/address/NXutQwgcRfzm3iSuhoL7snYy4ZpFKJNFmR
http://neucoin.io/address/NXt6Rvs3PiqswZnYe7ya66Cqf1427QgN9y
http://neucoin.io/address/NL5Tbit4riCU98X97dy2PinLmx6oXY5gZc
http://neucoin.io/address/NXXaKT6hA73oXtgviqtLPVs8unhJ3rGUF6
http://neucoin.io/address/NXt6Rvs3PiqswZnYe7ya66Cqf1427QgN9y
http://neucoin.io/address/NLDLVtKTsNLdqzjXeonsKyQm7myHutguoy
http://neucoin.io/address/NSEGhAvXyWFA5eHeEtnB8mqcw1MEpdHqLK
http://neucoin.io/address/NWPiqZF1tSapCvgcBCCCv2uK5bAmmYxMrm
http://neucoin.io/address/NLSDKQDvTrd22ZMEGSs25DeHs7KC4bZ9EB
http://neucoin.io/address/NagCkdRaYYF2ytrJXZgDvuPWjLbk8KUyc6
http://neucoin.io/address/NTH47TJRkMvGWsj2nCPUAtLxW8sCK3v3Qb

Hahaha, you just keep fudding like i know you will. Dude.

Meanwhile, back at the ranch... I found THIS in my inbox... also on
http://forum.neucoin.org/t/neucoin-distribution-update-what-s-up-next/

------------------------------------------------------------------------
Hi everyone,

We just launched a blockchain explorer on http://explorer.neucoin.org where it’s easy to track NeuCoins held by the foundations and restricted NeuCoins held by the team and angel investors. Read NeuCoin’s first official Distribution Review below.

So what’s next? Over the next three months, the rubber will start to meet the road. We will roll out the first NeuCoin-integrated Facebook game (currently in private beta) and the first tipping application, which will be supported by viral referral programs and marketing campaigns. These are the initial consumer projects that will put NeuCoin on the path to mainstream adoption. Stay tuned!

NeuCoin Distribution Review
October 13, 2015

THREE CATEGORIES OF NEUCOINS: “HELD BY FOUNDATIONS”, “RESTRICTED” AND “AVAILABLE”

VERIFIABLE ON THE NEUCOIN BLOCKCHAIN AT explorer.neucoin.org

NeuCoin was launched on September 23, 2015. At the time of launch, NeuCoin’s premine of 3 billion NeuCoins was allocated as follows:

•   2.4 billion held by foundations
o   0.2 billion - Code foundation
o   1.4 billion - Growth foundation
o   0.8 billion - Utility foundation

•   0.5 billion restricted for use or sale
o   0.2 billion retained by team
o   0.1 billion sold to initial seed investors
o   0.2 billion sold to strategic angel investors

•   0.1 billion available
o   0.1 billion exchanged for Bitcoin to users in the crypto-community

At the time of launch, the 100 million NeuCoins that were exchanged for Bitcoin in the pre-sale constituted the only available supply of NeuCoins for use or sale.

All NeuCoins held by the founding team, seed and angel investors and future service providers are restricted: subject to strict use and re-sale provisions for five years. In the year following launch, restricted NeuCoins (along with any Proof-of-Stake rewards earned thereon), become unrestricted at the rate of 2% per month (see details on sale-restrictions below).

The foundations will distribute their NeuCoin endowment over time to reward and incentivize all participants who help increase NeuCoin’s utility and value. Some will be given directly to consumers so they can try out NeuCoin, or recruit others to try NeuCoin (these will be “available” at the time of distribution). Some will be awarded to service providers that make NeuCoin more valuable over time - these will have the same 5 year use and sale-restrictions as all other “restricted” NeuCoins. Some will be sold on exchanges with the proceeds used to increase the value and utility of NeuCoin - these will be immediately “available”. For more information about the foundations’ distribution of NeuCoins, please see NeuCoin’s Year One Distribution Plan and Product and Marketing Roadmap. The NeuCoin foundations will also publish quarterly distribution reports and provide details on material transactions. They will also report any sales of NeuCoin tokens on a monthly basis.

Note that all categories of NeuCoins will gradually increase from Proof-of-Stake mining, with rewards starting at a 100% a year in year 1 and gradually declining to 6% by year 10. For more information about NeuCoin’s PoS rates and economics, see detailed PoS rates, Technology & Economics Overview, and the NeuCoin Whitepaper.


FOUNDATION HOLDINGS OF NEUCOINS

Until distributed, all NeuCoin tokens owned by the foundations will be held in two types of publicly visible addresses whose transactions are verifiable on the NeuCoin blockchain:

•   Core Accounts
This is the where the majority of each foundation’s endowment are held and mined.

•   Distribution Accounts
These are intermediate addresses for near-term transactions; where foundations temporarily hold NeuCoins that are to be distributed to consumers, service providers, etc according to the Distribution Plan.


NeuCoin Growth Foundation

•   Core Account
NdoQ1quvqEnkNMqtSzVhTKiLrbDuKQYQz6
Current balance: 1,411,071,126 NEU   

•   Distribution Account
NUbJjdF5U4vDrZmAhjCDtsQ9cnWnfZBSkB
Current balance: 49,979,999 NEU

Total current holdings: 1,461,051,126 NEU


NeuCoin Utility Foundation

•   Core Account
NRm3zEZGHMFKeFiqQRPHBrAi667Z3ZG7jt
Current balance: 783,869,300 NEU

•   Distribution Account
NachW2LivFyz7HockGuvGXW7wGp5Mfat7n
Current balance: 34,999,999 NEU

Total current holdings: 818,869,300 NEU

(This number would be 15,000,000 higher, but for the fact that this many NeuCoins were transferred to market maker accounts as described in the “Available” section below).


NeuCoin Code Foundation

•   Core Holdings Account
NNxGqwonJnY2WADQRAuUyj9q433WWCS4SC
Current balance: 198,561,938 NEU

•   Distribution Account
NcojryM6S2WgZQg5udGHuBL4hCNExPQ5AE
Current balance: 10,000,000 NEU

Total current holdings: 208,561,938 NEU


RESTRICTED NEUCOINS

All NeuCoins held by the NeuCoin team, seed and angel investors, and future service providers compensated in NeuCoins, are subject to use and re-sale provisions for five years, so that holders may only use or sell 2% of their holdings per month in the first year, 3% per month in year two, 4% per month in the year three, 5% per month in year four and 6% per month in year 5. After year 5, restrictions expire.

Restricted NeuCoins are held and mined by the NeuCoin Utility Foundation in the following addresses:

•   Seed investors
NbToLL7P8GbN9uNfXxatjj3UQGtWVqnxdk
Current balance: 104,912,620 NEU

•   Angel investors
NddwdSJ52ynU3knupStmjebfD67auQr4kp
Current balance: 209,664,856 NEU

•   Team
Nc6hgNNenc8TprJKktgewUKweA8wbsGr2q
Current balance: 209,635,452 NEU

•   Service providers
A fourth account for restricted NeuCoins owed to Service Providers will be created shortly.

Total restricted NeuCoins: 524,212,930 NEU

At the end of each month, tokens that have come unrestricted will be transferred to their owners and become part of the available supply. That means that the above account balances will increase from PoS mining, and decrease from the monthly transfers of coins that have become unrestricted. All of the balances held in these addresses, along with the monthly transfers, are visible and easily verifiable on the blockchain at the above addresses.

Illustration of how the re-sale restrictions work in practice
Consider an angel investor who owns 1 million NeuCoin tokens on the day of launch. For the first month after launch, the angel cannot sell any NeuCoins; indeed the angel does not even have any access to the private keys for his/her tokens. During the month, assume the angel’s NeuCoins grow to 1.08 million due to POS rewards. At the end of the month, 2% of 1,080,000, or 21,600, would become unrestricted and sent to the address of the angel’s choice. At the beginning of month two, the angel has 1,058,400 restricted NeuCoins. During the month, assume this restricted coin balance grows 7.9% from POS rewards to approximately 1,142,000 coins. At the end of the second month, 2% of this balance, or 22,840 coins, become unrestricted, and will be sent to the angel’s address. And so on.


AVAILABLE NEUCOINS

All remaining NeuCoins - all that are not held by the NeuCoin Foundations and not subject to use and sale-restrictions - constitute the “available” supply of NeuCoins. The available supply includes:

•   NeuCoin tokens acquired through the presale in exchange for Bitcoin
o   100 million NeuCoin tokens

•   NeuCoins earned from Proof-of-Stake rewards by staking “available” NeuCoins
o   approximately 2 million NeuCoins as of now

•   NeuCoins earned from Proof-of-Work rewards
o   5 million per month will be created during the year after NeuCoin’s launch
o   approximately 2 million NeuCoins as of now

•   NeuCoins distributed by the NeuCoin Growth Foundation to consumers in exchange for learning about or engaging with NeuCoin in some way.
o   approximately 5 million NeuCoins will be distributed no later than October 23 that were earned for taking surveys prior to launch (the actual number will depend on the number of survey-takers who pass through the user verification process)
o   consumer distribution will begin in earnest in November after the release of the first NeuCoin-integrated game

•   Restricted NeuCoins that become unrestricted according to the schedule above
o   approximately 10.8 million NeuCoin tokens will become available on October 23

•   NeuCoins sold or made “available for sale” by the foundations
o   15 million NeuCoins were advanced after launch to multiple market makers whose roles are to provide liquidity and sell NeuCoins on exchanges over time to fund the foundations’ fiat expenses. All NeuCoin sales by market makers will be reported on a monthly basis. So far none have been sold, but the 15 million nevertheless count as “available” supply.
o   The NeuCoin foundations intend to sell approximately $1 million worth of NeuCoin tokens during the year following launch, which proceeds will cover the foundations’ baseline fiat expenses in the second year following launch.

At this current time, there are approximately 118 million NeuCoins available for use or sale. This number is expected to be approximately 135 million by October 23.

The middle finger would be more accurate

+15┌∩┐095┌∩┐000┌∩┐108.628988 NEU

Until it doesn't work properly there should be questionmarks...

+15?095?000?108.628988 NEU

Would be a better WTF???-symbol ;-)

Ahh, yeah..  spaces man. spaces are much better than commas, yeah. No confusion, much better.
Oh wait, there are no spaces man...

http://forum.neucoin.org/t/a-serious-question/1844

Oct. 1

"A serious question"

...


... Now... Where is the money?

Ahah totally agree with you, spaces are way better and there is no confusion possible with it

Your not supposed to use commas on numbers anyway, It seems to be an American thing. It is incorrect though

Nice wallet eh   

Wow, nice. There was a time they were rich. ;-)

The new/official BE is very slow for me. The unofficial seems more practical.

But, to be fair, they have one pro: Good design. Sadly there is no quality behind.

It's always good two have two blockchain explorers showing different numbers 

Neucon: Where lies and incompetence go hand in hand.

Anyway we have two Blockchain Explorer

I was trying to compare the official to the unofficial, and is it weird that you can't find staking numbers anywhere in the official one? The unofficial one is just so much more detailed and easy to understand.
Official: 3 numbers:


Unofficial: 5 numbers:


Official transaction:



Unofficial transaction:


Nowhere in the official transaction does it state exactly what the Proof of Stake was. You would have to subtract it manually to figure out how much they earned. If that doesn't reek of something fishy, then that is just the worst idea anyone on the team could implement. All the numbers are there, they purposefully omitted showing staking numbers, call it suspicious, call it dumb- all in all it just doesn't look good for them.

Oh gosh.. they still haven't put commas on their numbers... Same thing with their web wallet... I called them out about that a week before the beta... like not one of their developer or designers caught that, or cared? And now we see it here again... it's funny how confusing long strings of numbers look without commas huh 

Good news neucoin officially launched its explorer

http://explorer.neucoin.org/overview

After several months and thousands of dollars, the "official" block-explorer has been put online.

Unfortunately it is not only ugly and unhandy but it is also buggy.



Look at that foundation address: Why did it receive 15 billion neucons, when only 3 billions were available in total?

Neucon: Where lies and incompetence go hand in hand.