[ANN][DCM] Digital Commerce 1.35 Mil coins 100% POS/Soon Anon/Accounting wallet. - page 78.

Kreativekrypto

full member

Activity: 196

Merit: 100

Quote from: Bobsurplus on June 02, 2014, 06:07:32 PM

Quote from: albertdros on June 02, 2014, 06:03:06 PM

maybe i am missing something here but what will happen to the remaining coins that will not be sold during ipo on bittrex? I am guessing the 133 btc will definitely not be bought within the 4 days.

If there are remaining coins then they will all be destroyed! I do however believe that our IPO goal is fair and on par with what's to come.

To add to that, IF in the event not all coins are sold Bill at Bittrex will personally see to the destruction of the remainder per our agreement. He offered this service even before i asked, Bittrex is a solid exchange!

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Quote from: albertdros on June 02, 2014, 06:03:06 PM

maybe i am missing something here but what will happen to the remaining coins that will not be sold during ipo on bittrex? I am guessing the 133 btc will definitely not be bought within the 4 days.

If there are remaining coins then they will all be destroyed! I do however believe that our IPO goal is fair and on par with what's to come.

albertdros

hero member

Activity: 602

Merit: 500

maybe i am missing something here but what will happen to the remaining coins that will not be sold during ipo on bittrex? I am guessing the 133 btc will definitely not be bought within the 4 days.

Kreativekrypto

full member

Activity: 196

Merit: 100

Quote from: GoodDaySir on June 02, 2014, 05:53:17 PM

is there any commitment that the team stays with the coin? would be great to have a new long term altcoin on the market.

Our goals for adoption require long term commitment, our multipool I personally hand selected for their community involvement and honest and open handling. This will be a project many can join, especially merchants looking to break into crypto.

Kreativekrypto

full member

Activity: 196

Merit: 100

Quote from: tristartek on June 02, 2014, 05:48:53 PM

Where does the IPO money go? Who gets it?

The IPO portions are detailed in the OP under the Team header, this is going to be held publicly by all 6 members as each dev is charged with handling bounties for different aspects of this currency. It also reduces risk that any team members run off, not that it will happen cause I have all their home addresses! LOL

NewWorldCoiner

sr. member

Activity: 490

Merit: 250

Saved you from a scam? Send me some BTC!

So this is like XBC, but scrypt?

Didn't XBCplus already make one of those? I seem to remember something like that.

And why will this succeed when you can't even get XBC off the ground?

GoodDaySir

newbie

Activity: 27

Merit: 0

is there any commitment that the team stays with the coin? would be great to have a new long term altcoin on the market.

tristartek

full member

Activity: 140

Merit: 100

Where does the IPO money go? Who gets it?

zxm7001

sr. member

Activity: 280

Merit: 250

any bounty for chinese translation?pm me if interest

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Quote from: regmann on June 02, 2014, 05:23:14 PM

i dont invest in ipo,s myself

but this is a way better ipo as mil on polo

Without a doubt! The fact alone that this IPO will fund the future developments of the coin and is being held by 6 team members is proof enough that its a better IPO. Not to mention what like a 500+ btc ask on the mill IPO. That's crazy. For that kind of money they better be hiring Jeff Garzik.

Kreativekrypto

full member

Activity: 196

Merit: 100

Quote from: regmann on June 02, 2014, 05:23:14 PM

i dont invest in ipo,s myself

but this is a way better ipo as mil on polo

Ty Regmann, we will deliver on promises this I assure you.

regmann

full member

Activity: 126

Merit: 100

i dont invest in ipo,s myself

but this is a way better ipo as mil on polo

Wallenstein

newbie

Activity: 56

Merit: 0

Quote from: halinyo on June 02, 2014, 03:55:17 PM

Did not expect Seriouscoins interest will be divided into another coin including Wallenstain.
It is time to dump my XBC ! Good luck with your new coin.

Seriouscoins and myself were brought to the team with the express intent to add specific expertise to the project in specific areas in which the existing development team felt it could not deliver to the standard which was the stated goal for this project. We are involved in this project and will continue to support it, but we are not, in any way shape or form, abandoning XBC. The XBC project is active, lots of things are happening and there will some new announcements made in the near future.

Also, please realize that we owed a debt of gratitude to KreativeKrypto, who supported XBC during the crucial phase of the community takeover from the original developer. We have good relations with him and when he approached us we saw no reason not to help the man who had helped us previously.

We believe that both coins are long-term coins which have some overlap but which will occupy different niches in the cryptocurrency ecosystem and we will do our utmost best to ensure the success of both coins.

dCom

newbie

Activity: 28

Merit: 0

Quote from: halinyo on June 02, 2014, 03:55:17 PM

Did not expect Seriouscoins interest will be divided into another coin including Wallenstain.
It is time to dump my XBC ! Good luck with your new coin.

Quote from: jasemoney on June 02, 2014, 04:55:48 PM

coin size is nice, but scrypt? what gives? its POS coin eh?

Also better luck this round serious14

I would like to clear up any misunderstandings being brought forth with these posts. Nobody is splitting their allegiance to their respective coin teams in order to support dCom full time and this is not my intention with forming this team. Wallenstein has been hired to take care of web development for us and hold a portion of the IPO in trust, similarly Seriouscoins is also here to hold a portion of the fund in trust and provide us with input from his field of expertise as needed. I myself was involved on the PR team for XBC, this coin is an attempt to network developers together to bring an honest and true coin to the public. 100% of the coins have been placed for sale on Bittrex, no user on this team was provided with a stake of dCom in effort to sway their allegiance. Serious and Wallenstein are here to support us, they are not stepping down from their full time roles as developers for XBC and we understand that each members respective coins are in their interests.

Also, the coin Algorithm is Scrypt; however we feel this is irrelevant as this coin will have no public mining phase. Again feel free to ask me any questions you may have.

jasemoney

legendary

Activity: 1610

Merit: 1008

Forget-about-it

Quote from: dCom on June 02, 2014, 03:05:51 PM

Algorithm: Scrypt
100% POS
Interest % for PoS: 10% 1st year (1% declining rate each year following)
Block Target: 60 seconds
Confirmations: 4
Coinbase maturity: 50
1,350,000 Total Coins

coin size is nice, but scrypt? what gives? its POS coin eh?

Also better luck this round serious14

Wallenstein

newbie

Activity: 56

Merit: 0

Quote from: foxy on June 02, 2014, 04:07:38 PM

135 Bitcoins for a coin with no real features and again not even a wallet. Just because it worked for BC doesn't mean 'a multipool' is any plan for the future and it certainly doesn't cost that much to set up.

Pass.

Please note that we DO have a wallet and that it will be released when the IPO period completes so that coin holders will be able to stake their coins for interest. Since we are 100% IPO/premine, there is no point in releasing a wallet right now.

The decision whether to invest should be made based on the full/correct facts; I just want to correct the assertion that we don't have a wallet. We emphatically DO have a wallet and it will be released after the IPO.

Kreativekrypto

full member

Activity: 196

Merit: 100

Please retweet to possible investors and those who wish to see the community's success

https://twitter.com/dCom_DCM/status/473551099203694592

Kreativekrypto

full member

Activity: 196

Merit: 100

Quote from: ?? on ??

Gotta say... of all the IPO's you've planned this particularly well. There are a number of "alleviating factors" to my normal concerns with IPOs. Devs are public and known, the IPO is very attractively priced compared to most, any destroyed coins increase existing investments, a trusted exchange is handling the actual sale... dunno seems sorta legit compared to most!

Next BitTrex rocket or too good to be true? I'll throw down a bit on the bet, I like these odds.

I guess my only question is - what happens if the IPO only generates 30 BTC or something well under your target minimum budget? If you decide the project was not funded sufficiently will you work to return IPO investors money?

Yes absolutely, regardless of whether the ipo sells out or not we are all vested in DCM. We have funds outside of the IPO in order to continue with our goals and plans both now and in the future. Our hope is to create a bonded community that will help keep us on our toes and contribute as well to our success.

Kreativekrypto

full member

Activity: 196

Merit: 100

Quote from: jibble on June 02, 2014, 04:19:39 PM

Looks very interesting, Also the price is very very realistically valued. whole currency valued at $88,000 currently.

Millionaire coin for example is selling 19.5% of their currency for 110 BTC. giving a total valuation of 550BTC for what is basically an empty shell of a standard POS/x11 coin.

If you can keep up with the developmental speed and offer new and unseen before features that generate interest you might pull it off.

if development and implementation of new developments and features take too long thou it will most likely just fade into obscurity

Thank you for your feedback, we have a concept for a truly decentralized anon feature for dCom which in practice is not hard to implement we are making sure, however that it can stand the test of time. Every developer promises anon, we simply want to make sure it is trustless and decentralized unlike current offerings. More to come on that and our vendor services of which much of the ipo will be going towards.

Here is a screenshot of the wallet everyone will receive upon the completion of the 4 day IPO and destruction of the remaining coins, if any:

sluppy

legendary

Activity: 2020

Merit: 1041

Quote from: halinyo on June 02, 2014, 03:55:17 PM

Did not expect Seriouscoins interest will be divided into another coin including Wallenstain.
It is time to dump my XBC ! Good luck with your new coin.

ye gotta say i dont really understand this will put the final nail in the Xbc coffin for sure.

Topic: [ANN][DCM] Digital Commerce 1.35 Mil coins 100% POS/Soon Anon/Accounting wallet. - page 78. (Read 82602 times)