Topic: [Funding Target Reached]Superior Coin Design: Most fair Distribution model - page 4. (Read 16428 times)

we have a constantly growing team of members. as of now our dev team consists of 3 highly skilled members. we also have 2 webdev's on standby with a potential 3rd, 1 graphics and animations artist together with our list of investors whom some have also offered additional services towards the project.

Thanks for your interest,
Coinler

Hello to all investors and potential investors. Today i would like to update our growing community of the facts surrounding the delivery of this project as it stands now. I have been in discussions with our dev team and have since obtained the final quote which could only come from nailing down the agreed specifications that will be supplied for the initial coin template. The coin template will provide for us a fully functioning crypto-currency with advanced features and is unique at it's core in terms of blockchain behaviour and operation.

Originally i started this thread based on the supplied quote of 1.5btc for a copy/paste clone of a standard POS coin with a few adjustments to block reward. As a standard practice of project management, i made an overestimated figure of 2btc for investor positions based on my estimate of an additional 0.5btc for the structural changes that would be needed. Now that we have had more detailed discussion, it comes as no surprise that the development of our coin will cost a bit more than this supplied figure, for which we've already gained a significant amount of pledges towards, meeting and beating the originally stated 2btc goal.

The current figure for development of our initial coin template now stands at a total of 6btc. I believe this is a fair price as i have also taken the time to  source quotes from other devs to get an idea of their fee for building a standard POS coin from the ground up, and their fees were also comparatively similar, with ranges of 6-10btc. Because of this coin's unique design, there will be little opportunity to copy and paste code from other coins. As mentioned this is a totally unique design for cryptocurrency that takes an innovative approach to mining and investment practices normally seen on today's crypto-markets. for this reason, our dev will have to do a significant amount of actual coding to address and deliver to design specification. in summary, this is totally and in no way a standard POS coin. and so i believe the figure is well justified and more than that, quite generous.

In addition to the coin coding itself, our dev has also offered the service of a master sync node to get us started, together with tech-support for the period of 1 month. this puts us in a strong position for a successful launch come launch day as everything will be fully tested before the actual launch.

Based on the information i now have to work with and the supplied quote, i have decided now to re-open the initial investor list, and the current backup investors will be added to that list in their listed order. We will continue to attract investors for the initial investor list until the 6btc goal is obtained and will also continue to also seek backup investors for phase2 which will begin once our initial coin design is completed and fully tested. some of our current investors have expressed a desire to re-invest in phase2 once phase1 is completed to their liking. All are reminded that you will have a chance to see a more detailed document providing the outline of the coin's design for review before coding begins. should any of our current investors/backup investors wish to forfeit their position, those in the list behind them will be moved up the list and new investors will be added to the list based on their order of application.

Phase 1 Details
Phase1 will consist of both the acquisition of full funding for the project, as well as payments in stages to our Dev for each milestone in delivery. Our Dev will require a 33% downpayment of 2btc to get started. After which he will provide me with source code on a continuing basis within 3-4 days after the downpayment has been made to demonstrate his progress on the job until completion. Investors are advised that no funds will be paid to the Dev until the entire 6btc goal is met and all investors have agreed to proceed with development. at which time i will make the 2btc payment so work can get started. The Dev, through what seems to be his own vested interest in this project has also agreed to accept up to 20% of payment in the coin we are developing itself, and we will negotiate further on how his payment will be disseminated within that regard. but for now, to ensure this project can deliver on the full request for payment the 6btc goal will stay as the requisite.

Phase2 Details
Phase2 will include some additional features geared towards making a strong entrance unto the crypto-market by providing some additional security features, with PR bounties setup from within the premine allocation. we will also seek to auction coins from the premine to gain btc for further development, however this is all based on whether or not we are unable to meet costs from our backup/repeat investors. phase2 investors will also be compensated from the premine allocation per their agreement of the suggested allocation that would be provided to them for their support and funding and just as with the intial investors, is designed to be a fair compensation and will aim to provide a minimum of ROI on initial investment value in btc.

In an effort to get things moving along, i have now setup a new btc address for the Dev Fund which will be managed solely by myself. I will maintain multiple backups of the wallet for security purposes offline and investors will at any time before the coding process actually begins be able to request a refund at no cost to them. This is in keeping with transparency and efficient management of funds as protocol, which i will always provide to our valued investors and community as part of a professional and reliable service. Pledges will remain open, but for those who wish to send their pledges in now, the address is available to them as will be posted in the main OP of the thread. The new wallet has been generated on a secure network and system with more than 2tbs of storage capacity at my disposal. Investors can be confident that they will suffer no loss at the hands of mishaps as all necessary precautions have been prepared to safeguard their investment.

The newly generated and assigned BTC Dev Fund Address is as follows:

1585Vrf5v2bWfvqss3Fsn7kbhgQcEwyv3c

any questions/comments can be directed to me either in pm or here on the forum. Thanks to all for your support. we will continue to move along with putting in place all necessary foundation to give this coin a strong and successful launch.

Best Regards,
Coinler

How many ppl are there in the teams now ?

I like this idea it after reading this thread it seems like it has a great community

Will keep a close eye and will try to help as much as I can

Focus on this,need some more info.

Good News!

I've obtained for us a webdev who i've assigned the position to work on the website. he has made us a very generous offer and i believe will be an invaluable member of our team.

the assigned webdev's name is northranger79510

i wish to thank him for his support and look forward to us working together to deliver something special to the crypto-community. He will most likely be working with other devs with a range of skills for the delivery of our website design which i will also be assisting with when we get to that point.

im preparing a further update regarding a current summary of our project progress and the next steps that we are about to take and should have it ready and posted within the hr.

Best Regards,
Coinler

small reschedule on thread update. just got out of an extended meeting regarding local stuff im involved in. ill post the update first thing in the morning instead.

Best Regards,
Coinler

Thank you Coinler

chip i will consider your position. i am in discussion with other devs atm but i like your drive and enthusiasm for delivery at a moment's notice. perhaps you will be able to work with our other dev whom i may secure for the project soon. i will expect fair pricing from you for your services if hired and we can work out all the details in private convo.

ill keep you posted.

Best Regards,
Coinler

After he's seen your work, your chances are slim

Coinler count me in for the development group, I will put all my effort into this and I will be more than happy to help you out man. I am definitely interested in the Web Dev Position! Send me a PM

Hello everyone, as some of you may know i have been helping out incognitocoin community(ICG) for the past few days with some organizational work. since the departure of their dev i decided to help them with the supplying of a new dev to work for them as well as prepared a recommended roadmap for them to give their coin some longterm value. as you may know, i did all of this on a voluntary basis and have since asked, nor received anything in return for my service to the community. i apologize if my investors here felt a little neglected but the work i needed to do for them both in the background and foreground was indeed a bit demanding.. as i would expect in the leadup to any project that is getting ready for launch/re-launch.

please be advised that i have supplied them with no unique features out of this project and our project is still fully untainted and revolutionary in all aspects of original design. their decentralized slave node system has nothing to do with my unique design of Anon-tx which i can tell you, ours will be the most amazing Anon-tx system that crypto has ever seen. but theirs isnt bad though, it does seem a bit innovative and worth them taking the step to market and develop their coin.

if you'd like to catch up on my intervention in their project, where my main aim was to protect them from being further scammed by devs with no intention to deliver on promises you can follow the thread here:

https://bitcointalksearch.org/topic/m.7967931

in the following thread you can see where i prepared for them a new roadmap and recommendations together with community organisational efforts which got them started with a new website template and hosting. though nothing is set in stone yet. out of this i would say i have acquired 3 prospective Web Devs, to assist in our project when the time comes. you can follow the preparations i made for them here:

https://bitcointalksearch.org/topic/annicgx11-incognitocoin-no-premine-200-pos-new-website-up-708738

i will post a new update shortly regarding how we are going to be moving forward for the next step for this project. meaning, sometime today.

Best Regards,
Coinler


Edit: a change has been made to the first link for correction which will take you directly to my first comment on their thread. new link as editted above https://bitcointalksearch.org/topic/m.7967931

initial investor positions are currently closed, but may be re-opened at any time. distribution to intial investors will be agreed upon with initial investors through private meeting before the coding even begins. i already have suggestions which are aimed at creating fairness and justified reward for all parties involved and expect that investors will have no problem with my suggested arrangement.

Best Regards,
Coinler

P.S - more info will be provided as it coincides with the preparation milestones of the project plan.

and i am waiting for dev document before i can make any other moves . i think we can all be ambitious with timelines for project management and miletsones. which is why i dont provide exact time frames just yet. i had a feeling the dev would require more time than he initially offered to get ready. not a problem for me as i have had an increasingly demanding schedule on my end as well. havent even had time for trading on the markets this past week or so. but once our initial product is developed i will be in a better position to provide timelines which we will aim to adhere strictly to as part of our marketing plan for further development. i will contact the dev today for an update on his progress.

Best Regards,
Coinler

Focus on this,need some more info.

How many coins you want distribute to the initial investor?
Could you give us a exact percent?

Waiting for you.

focus on this coin,waiting for new progress.

hope dev can give us a big bang.

backup investor list has been updated to include user: "crimealone" based on the order of application.