so auroracoin make their comeback right now ?
it's up because of that panama papper?
or there's something that make it valuable?
or it's just same like before.pump and dump scheme
Yes you can say Auroracoin is making a comeback though it actually never left.
We have been preparing for this for over a year now.
Here are just a few things form the top of my mind that has been done in that time.
- Assembled a versatile dev team
- The remainder of the premine has been burned (by Balduro)
- We have moved to DigiByte's codebase and the coin will go multi-algo on block 225000
- We have founded Auraráð (The Icelandic Auroracoin Foundation)
- Established the legality of owning, using and trading cryptocurrencies in Iceland
- Created an exchange that only has an ISK - AUR trading pair for Icelanders. (In open beta till the beginning May)
- New wallets including a Hive web wallet
- Acquired the auroracoin.is and auroracoin.com domains
- Taken over some of the larger Twitter and Facebook groups
- New official forum
- Various tip bots
Some of the things that we are working on
- New Android wallet
- Multi-algo mining pool
- Merchant tools
- Merchant service
- New website
Some of the exposure plans that we are working on
- Bus stop hangers ad campaign
- Exposure in various media in Iceland and abroad actually (It's premature to mention a lot of it so I wont)
- Hackathon is being planed
- Regular foundation meetings. Both member meetings and open meetings
- We have been and will continue to arrange meetings with influential people in our society and introduce the to what we are doing
These are just a few examples of the work taking place. I'm sure I left a lot out and besides there are a lot of individual efforts taking place that I don't even know about.
To answer your other questions.
The Panama papers are not the reason the price is going up. The price is going up because people are noticing the work we are doing. The Panama papers however is a factor in why people checked us out again so clearly it has had an impact. The price raise is because of pure speculation like it was the first time around, on the believe that we might actually be successful in getting an Auroracoin economy going in Iceland based on the work we have been doing.
Regarding your last statement. Personally I don't believe that Auroracoin was ever a PnD scheme. It was very unfortunate that there were so many unrealistic expectations which pumped up the price to something very unsustainable which had nowhere to go but down. If not for that Auroracoin would have done better in the beginning. For these same reasons the new dev team decided unanimously to work mostly in silence for the past year so that we can build up the infrastructure that was missing when Auroracoin was launched in Iceland.
Till just a few weeks ago we have not had any promotion of Auroracoin in Iceland. The reason for that is we didn't want people to get attention on Auroracoin again while the infrastructure was still missing or some uncertainty was still in the air. But now we believe we are in the right place to start promoting Auroracoin in Iceland, educate the Icelandic public about the fact that they are slaves of dept in our current monetary system and that we have an amazing opportunity here to take back our financial freedom and show the rest of the world that it can be done.
Regardless of Auroracoin or any cryptocurrency for that matter is a viable solution today for a full scale monetary system, in my opinion it's at least a step in the right direction.
Sorry for the long answer, I just got rolling and it wasn't that easy to stop