Well, I assume he doesn't want to burn the coins because he is looking to get funds so that he is able to focus on development full time for a while. The situation here is a bit unique as mining has begun already.
So, you have 6 million coins from the ICO correct? How much investment were you hoping to raise?
The coin is sitting around 1000 satoshis at bittrex right now. I don't know how this would work exactly or if bittrex would go for it as like I said, this is a unique situation, but how about bittrex freezes bitcredit trading temporarily, you put up the 6 million coins at 1000 satoshis for a week, whatever sells sells, whatever doesn't get burned. If it sells out, you got 60 BTC to fund development. The point to freezing trading would be so those who have some bitcredits already don't just start trading there coins under the 1000 satoshi mark and the ICO never gains any funding.
Personally, it wouldn't bother me a whole lot if you just sent all the coins there personally and ran the ICO without ever being an official ICO, but I could see that situation creating a lot of FUD and it might make bittrex pissy.
Definitely get onto doing this now though or you will end up needing to burn all the coins. It isn't too big of a deal at this early stage in the mining but if you wait too long and too many mined coins are out in the wild being traded, you won't get to set the price for the ICO coins. The market will have already established a price for bitcredits.
Yes i'd like to avoid burning the coins, and likely Bittrex would object to us doing that. The only way to avoid burning any of the coins is the ICO type i had suggested, ie for a period of time maybe a week or two people just send their coins to an address, we tally how much each person sent and we split
all the coins between them. In order to increase trust in the whole process, we can involve a trusted escrow.
I actually dont have a target for the ICO, but 60 BTC is even too much the costs i forsee barely reach 40
high powered seednodes @ 0.2 BTC per month i want 5 for a year == 12 BTC
Development of a Android/iOS app== ?5 BTC
Public code review by a known proffesional - 5 BTC
I don't need any BTC so that should actually cover it. Any surplus will likely go into marketing and helping to get services like payment processors. Maybe get a paid developer to do some of the mundane stuff @ 0.1 BTC per week.
Quick update for those who are interested in my progress:-
the stats engine was returning accurate network data and calculating accurate trust up to 3 months in advance. This marks a special step since i think the threshold for minimum trust should be 3 months that way people will be wary of abusing their accumulated trust since they'd have to start over and their relative trust rating would be so low that it wont be worth it.