Hi
Please pay attention to the UroCoin (URO)The next big opportunity to make money!Algorithm: X11 PoW
Target Block Time: 3 minutes
Block Reward: 12 Uro
Difficulty Retargeting Algorithm: Safe Gravity Well
Genesis Block Premine: 0 Uro
Total Units: 1,000,000 Uro over first 6 months, then 100,000 per year (to cater for anticipated 10% increase in trading volume increase per annum based on our projections of the Urea industry's growth globally).
Block Reward: 12 Uro
Yes, you read that right,Block Reward :12 Uro Forum: https://bitcointalksearch.org/topic/annuro-a-real-long-term-currency-1-uro-1-metric-tonne-urea-fertilizer-600639Trade: https://bittrex.com/Market/Index?MarketName=BTC-URO Website: http://uro.io/Twitter Follow us @UroFoundationMarket Capitalization Trackerhttp://www.cryptocoinrank.com/UrocoinMILESTONE 1 ACHIEVED: The value of 1 Uro has been set to 1 metric tonne of Urea. Please see
this announcement post for more details.
Goalsa. To setup a Distributed Urea Exchange for the efficient international trade of the world's most important fertilizer for food production: Urea (
http://en.wikipedia.org/wiki/Urea)
b. To provide a medium of exchange stabilized via backing to the true and undeniable international value of Urea, the world's most important fertilizer commodity that is responsible for 50%+ of total world food production.
The need for a Distributed Urea Exchange
The international Urea market is incredibility inefficient, with very poor liquidity and a complete lack of agreement on pricing. The wholesale price of Urea can vary be as much as 300% between different markets, nations and regions.
Now if we were talking about the trade of designer handbags, this would not be such a big problem, but no, we are talking about 50% of the world's food production being jeopardized by 300% price fluctuations. Real farmers - especially small to medium peasant class agricultural families who do not have access to insider information and deep connections in the current closed room trading regimes and tendering processes, are suffering daily and horrifically - having to lose crops and livelihoods over the inability to access affordable fertilizer.
Food shortages are being predicted by many independent experts worldwide and the creation of a international, distributed, consistent, honest, fast and efficient Urea Exchange is what we believe to be a vital part of the solution to this crisis. If all crops in the future can be fully planted and properly fertilized, we can avoid the impeding disaster.
Milestone 1 (within 3 months after launch) - ACHIEVED
We have now made an agreement with several international Urea trading partners to back each unit of Uro with 1 metric tonne of Urea in order to certify the Uro cryptocurrency network as an officially operational exchange for Urea. Please see this announcement post for more details.
Milestone 2 (within 6 months after launch)
We have already started development of stage 2 marketing materials and general public facing instruction web sites on how to trade Urea via Uro using the wallet for beginners including farmers. We will raise funds to provide secure trading PCs to farming communities that will both introduce them to internet access as well as Uro trading. Finally these trading PCs will run an improved client we are developing based on the compact Electrum UI that will have integrated blockchain based mail, Two-factor (BIP38) Escrow as well as a distributed and digitally signed Green Address Book so that farmers can securely communicate with and transact Urea via Uro with sellers and traders worldwide.
Milestone 3 (within 9 months after launch)
By now we would have achieved a fully functional Urea exchange. we will then move to establish a Urea Supply Association with board positions from both the cryptocurrency, farming and Urea supply chain community to oversee the long term growth and maintenance of the Uro network.
Milestone 4 (within 12 months after launch)
The Urea Supply Association will start implementing its first important initiative: set up regional Urea collection points for farmers to exchange there Uro for Urea.