Topic: [ANN][ICN] iCoin - On Swisscex, C-Cex, Bittrex exchange - page 16. (Read 162098 times)

I will be pushing onto PoS. I know it's hard to implement but consider this.

Miners will come to mine as fast and as much as they can, they will dump most of their coins at exchanges. There will be traders waiting to trade whatever miners dump.
This will be a very good distribution and in long term it will gain a little stability.

Captainhook and team, are you still thinking what to do with iCoin or you just want to forget it? Long-term is not three months.

Whilst iCoin is on multiple exchanges at the moment, it may be that for the medium term, concentrating efforts on a single exchange is a smart approach. It could be argued that to be actively traded on one mid size exchange is probably a stronger marketing platform than being occasionally traded on multiple smaller exchanges as this centralises volume and also increases exposure to additional traders. However, this does come with risk should that exchange drop iCoin then the interest level plummets. Look what has happened since Poloniex dropped iCoin; value fell and trading diminished across the remaining exchanges.

Just so you all know, Mintpal has now changed their voting system so that registered users get one vote per hour. I have been voting whenever I log onto Mintpal although it definitely needs strength in numbers for this to be a successful approach; somehow need to extend the existing community so that all realise iCoin is alive and still has a bright future.

Very interested to hear of future developments in relation to mining algorithm among other things; there appear some positive messages in the pipeline along, of course, with the news the premine is better distributed. In general, there appears a strong base from which this coin can progress and a great deal has already been done. However, for this to work, there needs to be some strong and defined communication. This concerns me somewhat as the team previously locked in and directly involved with development have disbanded and they were collectively the most active in providing any updates; thanks to all involved for their efforts there, you provided a great level of reassurance and confidence. The fact that the websites are down, the last updates to the Facebook page and first post in the forum during what should have been a heavily promoted IPO was a couple of weeks back announcing stage one of the IPO and has not been updated to reflect that the IPO is ended reinforces this concern.

Thinking on the idea to have a reward system in place to get iCoin onto Mintpal is interesting. One question to ask is how do you think this would this assist with longer term interest? For sure, it may be that a number of people get involved and start voting with the goal in mind of potentially obtaining an iCoin dividend for their efforts. However, once on Mintpal, would then all of those dividends be dumped and interest in iCoin falter? Or would it be that then a larger number more would be aware of the coin and so in fact this helps to effectively market iCoin to have a larger, better distributed and more stable base? Thinking back on the mining reward that was offered at the beginning of February; this saw a spike of interest come out of nowhere to disappear just as fast along with a considerable amount of iCoin dumping. These two factors combined, being loss of hash rate coupled with dumping, hammered the value and in turn reduced interest in iCoin.

Upon consideration, there appear three groups to target and attempt to capture their long term interest - miners, traders and consumers.

The consumer market is pretty raw at this stage. Let's face it, no one really knows what to do with Crypto Currency yet although the word is spreading that there is potentially some mechanism hidden there than could revolutionise global trade and finance in the future.

The traders are a mixed bunch; some are day traders, some have a longer term view. The bottom line is that all are looking to make money from this by whatever means possible.

Miners wish for a profitable return on their investment which relies on a value for iCoin favourably comparable to the hash rate. They also wish for there to be some longer term cushioning for their investment against newer, faster and more efficient technologies.

In the above three groups, there will be those that are supporters and those for which this is but a commodity. The trick will be in transforming those that want to make quick rewards into those that wish to support the longer term future of iCoin and so add sustainable value. A key part to that is increased exposure to more potential interested parties across any of the above groups.

With this in mind, perhaps a more multifaceted reward strategy is required. For example; a longer term mining reward lasting one week per month for the rest of the year there are random block bonuses awarded to those mining at 'official' pools. Couple that with perhaps a slightly cut back reward structure over a longer time period in relation to getting onto an established higher volume trading platform, Mintpal being the one identified by the community at this stage. Consumers and the marketplace are slightly harder to target; there the primary suggestion is one of active communication and transparency in future plans. Essentially, the more that iCoin is being talked about and positively marketed, the more likely it is that it will become less transient, find value in the marketplace and become established.

Of course, this all goes without saying that it needs the backing a strong team or community building on the base of a sound technical model that always has one eye to the future to ensure that desirable technical elements are included in an appropriate timescale. No small task in what is a fiercely competitive and emerging market.

No, it will not be used for any exchange voting, we only accept free exchange listing. iCoin has 2 stable exchanges already: SwissCEX and C-Cex, and maybe Poloniex in future.

That would be interesting... CH what is your take on this?

the community needs to do something, carpediem aren't accepting paid votes are above this coin. In the past I had been doing my own small give a ways but I could be tempted into this one.

One thing I'd like to know is what is happening with the BTC generated from the IPO, to me that should go to mintpal voting

Is there any trusted escrow for it?

One thing. There is 28 miners at speedminer. Take your asses and make an account at Mintpal to vote. Not many but still some.

Hi,

That is interesting.. but if only the first x persons would receive coins... as soon as we would surpass that number nobody else would join the votes. Or am I missing a detail?

Had an idea to increase Mintpal voting, but I wanted to run it by some people before I waste any time.

I'd like to create an iCoin promotion thread that has scaling icoin amounts based on icoin Mintpal voting position over a certain period of time.

For example:

Promotion lasts for 2 weeks.
iCoin is currently  in 54th place.

If the community gets icoin into the top 30, then the first 50 people to post their icoin address will receive 100 icn

If the community gets icoin into the top 20, then the first 75 people to post their icoin address will receive 200 icn

If the community gets icoin into the top 10, then the first  100 people to post their icoin address will receive 500 icn

If the community gets icoin voted onto the exchange, then the first 150 people to post their icoin address will receive 1000 icn

This type of system encourages more people to vote more often, because if they are left outside of the initial group of voters then they need to bump icoin further up the voting chart to receive the promotion.

I am willing to put up 50k ICN for this promotion which will cover into the top 10. Is anyone else willing to contribute in the scenario that it actually gets onto Mintpal? (150k - 50k = 100k)

I know that PoS is not an easy job. That is why it can be done by someone who can do it. We can raise bounty for it.
Come on people !!! At the beginning Viperbass, Teamicoin said about long term plan. They said about few years. What now? Were they just an empty words?
Looks like everybody wished for a quick buck.

I don't think that changing the coin into PoS will be easy.. most of the coins I have seen had problems with PoS so unless someone has a very good knowledge about PoS it seems too dangerous.

Also, what makes a coin valuable is to be able to spend it in the real world... just a great algo won't do much about it.

If we want this coin to move from where it is now we need a better distribution. We need Mintpal for it. We will trade it there and hope that others come. This will help.
I would risk all to make major changes in code, PoS especially. It has to be done by a dedicated person and I hope Captainhook is that person.

What do you all think?

I am happy to vote again at mintpal but I dont like my time being wasted ( not that it takes long to vote) do you guys honestly think it's worth it after whats happened?

I am open to my mind being changed but I have nearly moved on from supporting this coin, sadly

I will put my vote in when I can.
When did captainhook say he is making the wallet changes or he run away with IPO btc?

Hi people

While the premine is vanished and the coins are distributed should we just sit and wait for what is going to happen?
Let's do something. I suggested the changes to the code but nobody seemed to notice that except captainhook, who told only about not to implement PoS.
But what about the rest?
Let's do some changes.

I would like to ask everybody who own some iCoins and have an account at Mintpal. We have a 5 votes per hour. If we are 200, that means we have a 1000 votes per hour!!!
24h we could have 24 000 votes!!! Is it really that hard to vote? We need a good exchange and imo Mintpal at the moment is the best of all.
Are we going to take this coin somewhere or not?

You can get onto coinwarz via swisscex, don't need Poloniex which is a coin killer exchange.
Just mail coinwarz on coinwarz support page.

IPO is the past, has been closed on 5th of May (http://ipo.icoin.pw/)

When does the IPO close, or is fase 2 of the IPO closed already??

I have sent 10.000 ICN to your wallet, right now (ID 9d5c947c5e2f78a5e01c0e689472ddb262a63f098af6dbbe4386b5b783641751 )
Maybe someone other could join, so both could be done
Common guys

Ok, so should we increase the offer to 200ICN each or extend to 200 installs?