Topic: Announcing ProzCoin : Proof of Action (PoA) - page 35. (Read 78486 times)
Done.
Vote it will take longer time
Every time a dev take good & smart decision would make it far more important coin buyers
Every time a dev take good & smart decision would make it far more important coin buyers
That is true, but we also want to be thoughtful, receptive to critique, and not make hasty decisions.
I am starting to see that burning will probably be the option, but as I stated, community involvement is important to us, thus the Proof of Action concept in the first place.
Also might want to give this tweet a quick peek:
Chris
The ICO is ending Sunday September 6, 2014 at 12:00 noon Eastern time. If there are remaining Prozcoin from the ICO they will be turned into PoA/PoW coins.
Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX. We will let it be known when additional coins are taken from there.
There was some concern what we will do with the 30% that is unaccounted for. We were holding it to decide if it needed to be used for additional PoA or PoW coins. We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ. This will be done with an open vote. These funds will also be held in an escrow account by C-CEX. The funds will be visible by anyone at anytime.
https://c-cex.com/?p=proz-btc
Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX. We will let it be known when additional coins are taken from there.
There was some concern what we will do with the 30% that is unaccounted for. We were holding it to decide if it needed to be used for additional PoA or PoW coins. We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ. This will be done with an open vote. These funds will also be held in an escrow account by C-CEX. The funds will be visible by anyone at anytime.
https://c-cex.com/?p=proz-btc
For 30m, destroyed are better choice
That seems to be the general response. I imagine once the vote happens, it will probably be unanimous that it gets burned.
Chris
Vote it will take longer time
Every time a dev take good & smart decision would make it far more important coin buyers
20 million for development——You hold these coins yourself?
They are currently almost all sold. There are only 8 million left for sale on C-Cex, who is in control of the 8 million. I cannot even send Proz to C-Cex right now if I wanted to as all user wallets are frozen.
https://c-cex.com/?p=proz-btc
Chris.
20 million for development——You hold these coins yourself?
They are currently almost all sold. There are only 8 million left for sale on C-Cex, who is in control of the 8 million. I cannot even send Proz to C-Cex right now if I wanted to as all user wallets are frozen.
https://c-cex.com/?p=proz-btc
Chris.
Specifications:
Algorithm: Mastercoin protocol for base, PoA/PoW Hybrid mining for future
Max Coins: 100 million
Distribution Model: All 100 million coins will be mined in 1 block
10% coins will be evenly distributed to the founding team over 3 years.
20% ProzCoins will be sold initially on exchanges. All sold ProzCoins will go 100% to Coin Proz Oy. The revenue generated from the sale will go to the further advancement of the site and keep as reserves for our merchants who accept Prozcoin.
10% Will be reallocated for PoA/PoW mining rewards
10% for Proof of Action (PoA)
20 % Discretionary spending to have reserves for exchanges/merchants
30 % Unallocated for future plans Cold Stored with multi-sig founder verification for wallet release
Algorithm: Mastercoin protocol for base, PoA/PoW Hybrid mining for future
Max Coins: 100 million
Distribution Model: All 100 million coins will be mined in 1 block
10% coins will be evenly distributed to the founding team over 3 years.
20% ProzCoins will be sold initially on exchanges. All sold ProzCoins will go 100% to Coin Proz Oy. The revenue generated from the sale will go to the further advancement of the site and keep as reserves for our merchants who accept Prozcoin.
10% Will be reallocated for PoA/PoW mining rewards
10% for Proof of Action (PoA)
20 % Discretionary spending to have reserves for exchanges/merchants
30 % Unallocated for future plans Cold Stored with multi-sig founder verification for wallet release
thank you larry for clearing that info
130M coin and an ipo price of 300 sat is that right?
100 million coins with 300 sat ICO.
https://c-cex.com/?p=proz-btc
8.5 million remain.
this is for 20 million of the 100 million only repeat its 20 million ico sale and he sold like 3 or so on his illegall website setup so there is 80 million others
10 million for them
and the rest cex will hold
so actual ico is 17 million or so right larry
That is actually a good point, I was not clear with that original post!
100 million total coins
original ICO on cryptoshoppers 3 million coins sold at 250 satoshi
current ICO on C-cex started with 17 Million coins to be sold at 300 satoshi
Total ICO coins 20 million for development
60 million coins will be going into public escrow with c-cex
Chris
130M coin and an ipo price of 300 sat is that right?
100 million coins with 300 sat ICO.
https://c-cex.com/?p=proz-btc
8.5 million remain.
this is for 20 million of the 100 million only repeat its 20 million ico sale and he sold like 3 or so on his illegall website setup so there is 80 million others
10 million for them
and the rest cex will hold
so actual ico is 17 million or so right larry
That is actually a good point, I was not clear with that original post!
100 million total coins
original ICO on cryptoshoppers 3 million coins sold at 250 satoshi
current ICO on C-cex started with 17 Million coins to be sold at 300 satoshi
Total ICO coins 20 million for development
60 million coins will be going into public escrow with c-cex
Chris
i do apriciate all the names ive aquired here in the search for truth and legality
orchestrated fud
private detective fudster
i like that one the most
its closest to my real occupation
ofcouse i cannot comment to ongoing investigations
orchestrated fud
private detective fudster
i like that one the most
its closest to my real occupation
ofcouse i cannot comment to ongoing investigations
130M coin and an ipo price of 300 sat is that right?
100 million coins with 300 sat ICO.
https://c-cex.com/?p=proz-btc
8.5 million remain.
this is for 20 million of the 100 million only repeat its 20 million ico sale and he sold like 3 or so on his illegall website setup so there is 80 million others
10 million for them
and the rest cex will hold
so actual ico is 17 million or so right larry
The ICO is ending Sunday September 6, 2014 at 12:00 noon Eastern time. If there are remaining Prozcoin from the ICO they will be turned into PoA/PoW coins.
Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX. We will let it be known when additional coins are taken from there.
There was some concern what we will do with the 30% that is unaccounted for. We were holding it to decide if it needed to be used for additional PoA or PoW coins. We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ. This will be done with an open vote. These funds will also be held in an escrow account by C-CEX. The funds will be visible by anyone at anytime.
https://c-cex.com/?p=proz-btc
Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX. We will let it be known when additional coins are taken from there.
There was some concern what we will do with the 30% that is unaccounted for. We were holding it to decide if it needed to be used for additional PoA or PoW coins. We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ. This will be done with an open vote. These funds will also be held in an escrow account by C-CEX. The funds will be visible by anyone at anytime.
https://c-cex.com/?p=proz-btc
For 30m, destroyed are better choice
That seems to be the general response. I imagine once the vote happens, it will probably be unanimous that it gets burned.
Chris
Or it might be a better strategy is to present a glimpse of the PROZ Roadmap to build on it by potential traders/investors, thus increasing further the scope of this new community. IF this is not a more suited step then destroying the 30M will be my vote as well.
The ICO is ending Sunday September 6, 2014 at 12:00 noon Eastern time. If there are remaining Prozcoin from the ICO they will be turned into PoA/PoW coins.
Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX. We will let it be known when additional coins are taken from there.
There was some concern what we will do with the 30% that is unaccounted for. We were holding it to decide if it needed to be used for additional PoA or PoW coins. We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ. This will be done with an open vote. These funds will also be held in an escrow account by C-CEX. The funds will be visible by anyone at anytime.
https://c-cex.com/?p=proz-btc
Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX. We will let it be known when additional coins are taken from there.
There was some concern what we will do with the 30% that is unaccounted for. We were holding it to decide if it needed to be used for additional PoA or PoW coins. We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ. This will be done with an open vote. These funds will also be held in an escrow account by C-CEX. The funds will be visible by anyone at anytime.
https://c-cex.com/?p=proz-btc
For 30m, destroyed are better choice
That seems to be the general response. I imagine once the vote happens, it will probably be unanimous that it gets burned.
Chris
That gets my vote
130M coin and an ipo price of 300 sat is that right?
100 million coins with 300 sat ICO.
https://c-cex.com/?p=proz-btc
8.5 million remain.
this is for 20 million of the 100 million only repeat its 20 million ico sale and he sold like 3 or so on his illegall website setup so there is 80 million others
10 million for them
and the rest cex will hold
The ICO is ending Sunday September 6, 2014 at 12:00 noon Eastern time. If there are remaining Prozcoin from the ICO they will be turned into PoA/PoW coins.
Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX. We will let it be known when additional coins are taken from there.
There was some concern what we will do with the 30% that is unaccounted for. We were holding it to decide if it needed to be used for additional PoA or PoW coins. We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ. This will be done with an open vote. These funds will also be held in an escrow account by C-CEX. The funds will be visible by anyone at anytime.
https://c-cex.com/?p=proz-btc
Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX. We will let it be known when additional coins are taken from there.
There was some concern what we will do with the 30% that is unaccounted for. We were holding it to decide if it needed to be used for additional PoA or PoW coins. We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ. This will be done with an open vote. These funds will also be held in an escrow account by C-CEX. The funds will be visible by anyone at anytime.
https://c-cex.com/?p=proz-btc
For 30m, destroyed are better choice
That seems to be the general response. I imagine once the vote happens, it will probably be unanimous that it gets burned.
Chris
The ICO is ending Sunday September 6, 2014 at 12:00 noon Eastern time. If there are remaining Prozcoin from the ICO they will be turned into PoA/PoW coins.
Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX. We will let it be known when additional coins are taken from there.
There was some concern what we will do with the 30% that is unaccounted for. We were holding it to decide if it needed to be used for additional PoA or PoW coins. We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ. This will be done with an open vote. These funds will also be held in an escrow account by C-CEX. The funds will be visible by anyone at anytime.
https://c-cex.com/?p=proz-btc
Also we have decided to let the escrowed Prozcoin be held in an account controlled by C-CEX. We will let it be known when additional coins are taken from there.
There was some concern what we will do with the 30% that is unaccounted for. We were holding it to decide if it needed to be used for additional PoA or PoW coins. We though have decided that we will let the Coin Proz community decide to do with the 30 million PROZ. This will be done with an open vote. These funds will also be held in an escrow account by C-CEX. The funds will be visible by anyone at anytime.
https://c-cex.com/?p=proz-btc
For 30m, destroyed are better choice
130M coin and an ipo price of 300 sat is that right?
This was probably answered before but not looking to browse through the posts of that private detective FUDster, you're just going to let the IPO run out to 0, there's no deadline right?
As i can see now it's losing a bit of it's momentum and perhaps another 1 or 2 days before it won't even be in the Hot Coins list anymore. If you set a deadline, you might spark some last minute buying hype as with XBM.
As i can see now it's losing a bit of it's momentum and perhaps another 1 or 2 days before it won't even be in the Hot Coins list anymore. If you set a deadline, you might spark some last minute buying hype as with XBM.
+1
I think the dev should be thinking about it
Take action immediately before it runs out and lost momentum.
This was probably answered before but not looking to browse through the posts of that private detective FUDster, you're just going to let the IPO run out to 0, there's no deadline right?
As i can see now it's losing a bit of it's momentum and perhaps another 1 or 2 days before it won't even be in the Hot Coins list anymore. If you set a deadline, you might spark some last minute buying hype as with XBM.
As i can see now it's losing a bit of it's momentum and perhaps another 1 or 2 days before it won't even be in the Hot Coins list anymore. If you set a deadline, you might spark some last minute buying hype as with XBM.
Talked to the C-Cex main dev, and they will be holding 60% of the Prozcoin in a public escrow at all times until anything is either released for the mining blocks, or anything else.
Chris
Chris
Can you clarify this a bit? ''until anything is either released for the mining blocks, or anything else.'' is kinda confusing.
Oh, if coins were taken from the escrow for a specific cause such as going to PoA mining, or PoA/PoW mining, or potentially a bounty or something like that.
Chris
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