PROJECT JUGGERNAUT
COMMITMENT OF DEVELOPMENT FUNDS; BOUNTY ADDRESS VVdqRP1Dmb6b7Q7hTK6eDk8pphf8mpV9n6
-What is Project Juggernaut?
A Juggernaut , in current English usage, is a literal or metaphorical force regarded as mercilessly unstoppable and I hope to help make it apply to Vericoin.
Project Juggernaut is a project I've been working on to recruit a very special 4th Developer permanently into the Vericoin family and integrate his first of its kind technology into the Vericoin codebase. The ultimate goal of which is to strengthen the longterm foundation of Vericoin and ultimately position Vericoin as a Top 5 coin in altcoin market capitalization. To achieve this I am asking the Vericoin community to consolidate a compensation package for this developer and his team and the connections that come with him. The above VRC wallet is a special wallet to be used solely for this purpose and is being maintained by me. Another address that the community chooses can also be utilized but the stipulations of the contract will dictate that all these funds will be refunded to donators if this 4th Dev is not brought in.
-How much is the compensation?
The requested compensation is 1 million VRC that only pays out to the new Dev as our mkcap rises and certain price milestones are crossed. (as an example, [email protected], [email protected], [email protected], [email protected],....)
This is a great deal for the community because it means the new Dev is so confident that his ready to launch technologies and his joint work with the Vericoin Devs will make the price rise substantially, that he is willing to only be paid when he proves this fact with actual results that the community highly values. I am requesting for each Vericoin holder to try to donate 10%-20% of their holdings to make Project Juggernaut happen. I will personally be donating 50k VRC for my part in this endeavor and I have verbal commitments that atleast one of our Devs will match that donation if the community supports this so we are already 10% of the way there.
-But who is this Dev and how can we be assured that the Vericoin price will respond and lift all boats higher.
In short, noone can guarantee prices but both I and the Devs have reviewed the 4th Dev's work and I feel confident he would be a tremendous, game changing type addition to the team. Vericoin would immediately get very valuable technology that no other crypto coin has. He is also very well known with an impeccable reputation and proven execution at delivering code that results in strong coin price appreciation. This is why Pat has said that "this is a good idea" if the community can get behind it and I believe Doug also knows bringing this guy on could make Vericoin a potential top altcoin.
-But who are you?
When I first got into mining I saw that Darkcoin was the future in a world of junk coins and only mined and bought that. And I see a similar opportunity here with Vericoin if we can make this a reality. I probably own more Vericoins than every single person reading this thread and have staked since early June so I have a huge vested interest in the longterm price appreciation of this coin. Hence my efforts in bringing in new top quality talent and technology to Vericoin.
-So how do I make money by giving up money??
It's a rising tide lifts all boats scenario. For example, in Timeline 1 the community bickers and trashes the idea and noone donates. In that timeline you have 50k VRC @ .0001 = 5BTC.
In Timeline 2 the community rallies and we raise the funds and complete Project Juggernaut. The Dev announcement alone makes VRC double to .0002 and the coming new tech rallies VRC to .0003. Instead of 50k VRC you have 40k because you previously donated 20% to the new Dev. However, the price of VRC is now .0003 so your 40k VRC is now worth 12BTC! Representing a whopping 140% gain over Timeline 1. AND WE ARE JUST GETTING STARTED! This part is obviously not guaranteed and represents a prediction on my part but it very useful as an example of how spending a little can earn you alot.
-I'm in, how do we make this happen?
I've created the bounty wallet above that will only do 2 things. Pay Dev 4 at the agreed upon VRC price levels, or return funds to donators if we can't raise enough to bring him onboard. Just donate to it and label the sending address in your wallet so you can keep track. The hardest part is getting the ball rolling. If we have other escrows the community likes then let's use them. The key is not to lose this opportunity based on personal greed, inaction, or infighting.
-drkman/snapples/BigSnapples
10 to 20% of our holding doesn't represent the same amount of money for everyone. The first time I heard of Vericoin I bought at 29k sat. I bought a lot at 43k sat. COMMITMENT OF DEVELOPMENT FUNDS; BOUNTY ADDRESS VVdqRP1Dmb6b7Q7hTK6eDk8pphf8mpV9n6
-What is Project Juggernaut?
A Juggernaut , in current English usage, is a literal or metaphorical force regarded as mercilessly unstoppable and I hope to help make it apply to Vericoin.
Project Juggernaut is a project I've been working on to recruit a very special 4th Developer permanently into the Vericoin family and integrate his first of its kind technology into the Vericoin codebase. The ultimate goal of which is to strengthen the longterm foundation of Vericoin and ultimately position Vericoin as a Top 5 coin in altcoin market capitalization. To achieve this I am asking the Vericoin community to consolidate a compensation package for this developer and his team and the connections that come with him. The above VRC wallet is a special wallet to be used solely for this purpose and is being maintained by me. Another address that the community chooses can also be utilized but the stipulations of the contract will dictate that all these funds will be refunded to donators if this 4th Dev is not brought in.
-How much is the compensation?
The requested compensation is 1 million VRC that only pays out to the new Dev as our mkcap rises and certain price milestones are crossed. (as an example, [email protected], [email protected], [email protected], [email protected],....)
This is a great deal for the community because it means the new Dev is so confident that his ready to launch technologies and his joint work with the Vericoin Devs will make the price rise substantially, that he is willing to only be paid when he proves this fact with actual results that the community highly values. I am requesting for each Vericoin holder to try to donate 10%-20% of their holdings to make Project Juggernaut happen. I will personally be donating 50k VRC for my part in this endeavor and I have verbal commitments that atleast one of our Devs will match that donation if the community supports this so we are already 10% of the way there.
-But who is this Dev and how can we be assured that the Vericoin price will respond and lift all boats higher.
In short, noone can guarantee prices but both I and the Devs have reviewed the 4th Dev's work and I feel confident he would be a tremendous, game changing type addition to the team. Vericoin would immediately get very valuable technology that no other crypto coin has. He is also very well known with an impeccable reputation and proven execution at delivering code that results in strong coin price appreciation. This is why Pat has said that "this is a good idea" if the community can get behind it and I believe Doug also knows bringing this guy on could make Vericoin a potential top altcoin.
-But who are you?
When I first got into mining I saw that Darkcoin was the future in a world of junk coins and only mined and bought that. And I see a similar opportunity here with Vericoin if we can make this a reality. I probably own more Vericoins than every single person reading this thread and have staked since early June so I have a huge vested interest in the longterm price appreciation of this coin. Hence my efforts in bringing in new top quality talent and technology to Vericoin.
-So how do I make money by giving up money??
It's a rising tide lifts all boats scenario. For example, in Timeline 1 the community bickers and trashes the idea and noone donates. In that timeline you have 50k VRC @ .0001 = 5BTC.
In Timeline 2 the community rallies and we raise the funds and complete Project Juggernaut. The Dev announcement alone makes VRC double to .0002 and the coming new tech rallies VRC to .0003. Instead of 50k VRC you have 40k because you previously donated 20% to the new Dev. However, the price of VRC is now .0003 so your 40k VRC is now worth 12BTC! Representing a whopping 140% gain over Timeline 1. AND WE ARE JUST GETTING STARTED! This part is obviously not guaranteed and represents a prediction on my part but it very useful as an example of how spending a little can earn you alot.
-I'm in, how do we make this happen?
I've created the bounty wallet above that will only do 2 things. Pay Dev 4 at the agreed upon VRC price levels, or return funds to donators if we can't raise enough to bring him onboard. Just donate to it and label the sending address in your wallet so you can keep track. The hardest part is getting the ball rolling. If we have other escrows the community likes then let's use them. The key is not to lose this opportunity based on personal greed, inaction, or infighting.
-drkman/snapples/BigSnapples
Today I bought more than 20k vrc expecting an announcement from the Devs. This annon is supposed to be impressive. For me to trust and invest in your idea I will have to see the results of the secret annon that we are all expecting.
All together to get all my vericoin I have already spent 41 BTC. Some people had only to invest ten time less to get the same amount of vrc than I possess. So 10% is not the same for someone who had the chance to get their Vrc right from the first 2 weeks.
