So essentially this is 50% pre-mined. After reading your plan it seems like a scam. You will be taking everyone's hash power and mining altcoins of your choice and then selling them for BTC. 50% of the BTC will be donated to most likley yourself. Even if you do donate as promised you will be reducing miners production by 50% vs mining the most profitable alt-coins ourselves for 100%. You are just collecting hash power here. Warning
Oh look, the guy that took up the Honorcoin project in an attempt to get rid of his bag and has made no progress towards restoring XHC in a month or so is calling other coins scams. Best be trying to "improve" your scamcoin instead of shitting on other ones, not to mention the fact that you have misunderstood the project completely. Then again, no competent dev would take up a shitcoin ran by a scammer other than to try to release his bag. haha
First of all it was not my coin originally as I am not a programmer. I took the coin development over because I am sick and tired of scam-coins. It hurts the positive progress of crypto-currencies as a whole. While I have hired programmers to develop the new honor coin it is a community driven restoration. Only a competent person would help restore a coin for the community that had been stolen from by scammer's. Taking responsibility and helping to restore a coin takes personality traits of compassion, leadership and honor. Qualities that hope one day your intellect can grasp. I wasn't a bag holder but others were. One of the things that bothered me most was how that developer hid behind the word Honor and used it to defraud people. The day for fraudulent developers is nearing its end, they will be innovated out of existence. If you can explain from your childish perspective how I misunderstood this coin! I issued a fair warning and did not claim scam.
In regards to this coin, it is very similar to multicoin where they ran rounds with investors & miners. They used mining power to mine the most profitable altcoins for exchange into bitcoin. you were then compensated in multicoins. In the end, They left with the Bitcoin and people were left holding worthless multicoins. If you read the road map for this coin it bears several simular warning flags. which is why I brought it up. Please read the complete thread investors and miners. While multicoin took everyone's money these developer might not. In the end your still donating hash-power for someone to mine the most profitable coins then donate 50% of your proceeds while trusting them to do the right thing. Only time will tell but with a non-established Bitcointalk membership and the facts you stated I am leaning towards red flag. Let me go over the facts without the spin for others who didn't read the 1st page.
Axio is 100% premined.
You mine via scrypt on there multi-pool. They call it theoretical but it is still scrypt.
They sell your production for BTC and then take 100% of your BTC earnings and give you 50% of its value in Axios.
They then take the BTC and spend it there development needs which may include anything from purchasing more a Axios to drive the price up or donate it to supposed charities.
This is why I issued a investor warning.
Developers, Can you provide your company information including your charitable foundation or non-profit company you must have had lawfully created?
A website with real contact/location information?
Bio's of the development team members with there Facebook or other social media pages for accountability?
How about a transparent escrow approach to your multipool mining. All proceeds go directly into escrow to only be distributed for donations to these charities or to be distributed from the escrow by community vote?
What other Coins have you made? Do you have any other Bitcointalk accounts with a track-record?
Those are some real standards. Hopefully you would be glad to provide those right?
