Topic: [ANN] [RNC] Renascence Coin & Exchange | IPO, Profit Shares, POS - page 2. (Read 17642 times)

I kind of have a feeling this coin is gonna be the next thing 

I'm not sure how we missed that, since Robot Sex Nickels is such a prominent coin in its own right. However, coin tickers can be easily changed in the pre-launch period, and we have changed Renascence's ticker to RNC to reflect this.

Thank you!

Robot sex nickels already claimed the RSN ticker.

Following a long period of uncertainty, stalling, and outright deceit, Mintpal.com has finally shutdown. A visit to Mintpal.com reveals a short statement which does nothing to allay the fears and worries of traders who still had funds hosted on the exchange, and it is beginning to look as if we will never see our balances again.

Mintpal.com was once considered by many to be the best alt-coin exchange on the market, however throughout the past several months we have watched it steadily decline into a pit of complete obscurity and irrelevance.


The goal of Renascence is to purchase Mintpal.com from the current owners, and relaunch it under the V1 platform, with a new name—Renascence Exchange. Frankly there was not much wrong with the original platform in the first place, and it only needs a few visual and security updates before it once again matches the industry standard. Another step in restoring Mintpal.com to prominence is cutting back the current coin listing until only the best and most established coins are represented. While we think there is a place in the market for new coin launches, our exchange will not be that place. We will of course allow a probation period of two weeks after the relaunch, to allow people to access and remove their coin balances.


Renascence (RNC) is a profit sharing coin which allows members of the cryptocurrency community to invest directly in the relaunch of Mintpal.com--to clarify, the original platform will be relaunched under the new name, Renascence Exchange. Purchasers of the IPO will be allotted profit-sharing percentages based upon the percentage of the IPO their RNC holdings represent. This IPO provides our team with the additional funds necessary to both purchase the website and relaunch it in a swift and secure manner.



The total Renascence supply will represent 50% of the profits from our Mintpal.com relaunch, and this percentage will degrade by 5% every year, until it hits a floor at 25% where it will stay for perpetuity. This declining slope is meant to balance the increase in revenue which Renascence Exchange will experience as the platform once again regains its prominence in the industry. This slope is designed to allow for investors’ profit shares to remain profitable, while allowing our team the funds necessary to continually update and maintain the exchange. The POS implementation offsets this downward slope, as it allows loyal investors to increase their investment percentage through the staking of their Renascence Coins.


The IPO will work in three stages:

Stage         Investment Cap   Price Level        RNC Supply      RNC per 1% share    1% share price
1st stage   0 – 30 BTC              5000 satoshis       600,000      54,5000 RNC             2.725 BTC
2nd stage    30 – 100 BTC      7000 satoshis         1,000,000      54,5000 RNC             3.815 BTC
3rd stage   100 – 200 BTC      8000 satoshis       1,125,000      54,5000 RNC             4.360 BTC


To invest in the IPO, send your investment BTC to the addresses listed below, and save the BTC address which you used to send the BTC. Once the IPO closes, this BTC address will be used to tie you to your RNC address, where you can collect your IPO coins. You Must Save This Address!

Send your investment funds to the following address:   13QgmXyS8CNeoJPwHufFiuD1PYoA6cx1LB

This IPO will run until October 30th, as November 1st is the deadline given to us by the current owners of Mintpal to submit our bid for the platform. Upon the closing of the IPO, all unsold RNC will be destroyed, however, the number of RNC needed per profit share (54,500) WILL NOT change based upon unsold shares.

Wallets, block explorers, translations, and the code itself, will all be released upon the completion of the IPO.


1. Our team has resources necessary to purchase Mintpal.com with our own funds.  We are running this as a profit-sharing IPO so that relaunch can truly be a community effort, and so that we have ample funds to restore Mintpal.com to a profitable state as soon as possible.
2. In the event that we do not win the bid for Mintpal.com (this is an unlikely scenario, based upon the starting bid given us), all investor BTC funds will be returned to their owners, and RSN will not launch. This is another reason that it is imperative to save your sending BTC address.

•   A FAQ based upon questions which arise in this thread.
•   Renascence team member biographies, detailing or backgrounds and proficiencies.
•   Roadmap containing dates and timelines for the relaunch of the exchange.
•   Budgetary breakdown of where the IPO money will be spent.
•   List of coins to be kept on the relaunched exchange.
•   Details on investor rights, and the role they have in choosing new coins for the exchange
•   JOB OPPORTUNITIES!   
          o Programmers, web developers, graphic designer, social media manager, SEO specialist, and content creators. Please send your resumes and any relevant portfolios to [email protected]

Our goal is for Renascence Exchange to be the pinnacle cryptocurrency exchange available on the marketplace, and for it to truly be a community exchange. Invest today, and secure the future of cryptocurrency trading!

Email: [email protected]
Investment Address: 13QgmXyS8CNeoJPwHufFiuD1PYoA6cx1LB
Twitter: https://twitter.com/Renascence_Ex