** Internet of Coins Update #11
- At the threshold
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Dear cryptocurrency enthusiast,
We thank you for your interest in our project, and all who already participated in our crowdfund. You are receiving this e-mail because you have either signed up for the Internet of Coins e-mail updates, participated in the crowdfund or have previously been in touch with one of our team members. For a quick introduction or reminder, take a look at the project presentation on our YouTube channel (
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=c966439e77&e=9e156fc6ad) .
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At our Dutch headquarters it's still fresh at nights, but spring is out and about and everywhere we see unfolding of leaves and blossoms. All in all inspiring to see the development of the spring season.
Reaching our 300,000 HYBRID first goal
We're almost there! What would this mean? Well, for one it means we'll not have to ask NLnet to refund everything after the crowdfund period, which is a big relief for the team. It is the minimum we picked for the project to be developed by the core fulltime members in the upcoming 3 years. From this goal onwards, we allocate more to external coders and development bounties, all with the aim to speed up research, development and delivery. You can see the allocation chart and timetable on our Terms (
http://coinstorm.us15.list-manage1.com/track/click?u=60fde0221c01ce028efef3700&id=1da8668abd&e=9e156fc6ad) page on the website.
Campaign bounties
After our forums signature campaign, we received some requests for new bounties. Currently, there are no additional campaigns and we are only working with our existing translators. Currently a new marketing campaign is in the works, and will be ready soon. Once we start it, we'll let you know via this newsletter. Until then, you can always help us out of course by telling everyone about Internet of Coins, liking our Cyber.fund (
http://coinstorm.us15.list-manage1.com/track/click?u=60fde0221c01ce028efef3700&id=02c394e9b4&e=9e156fc6ad) page or following us on Twitter via @InternetOfCoins (
http://coinstorm.us15.list-manage2.com/track/click?u=60fde0221c01ce028efef3700&id=ba5eb196c1&e=9e156fc6ad) .
Looking forward: HYBRID assets distribution
A lot of donators have used our donation form (
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=908096b6a1&e=9e156fc6ad) to back us and will be granted HYBRID assets. We received some questions on the Bitcointalk forums what would happen with the remaining unissued ones. The team has decided to transparently 'burn' them like Counterparty did with Bitcoin at their launch, as they do not represent a staked value yet. This will ensure a realistic marketcap for the tokens at the onset of trading. At the launch, HYBRID assets will function as one of the transaction backbones of the Internet of Coins network. One of our first goals will be to make their blockchains available via the wallet.
Price increase
The next price per unit increase for HYBRID is scheduled to happen on the 9th of May. Until that time the PPU value will be 1.25, and after that it will increase to 1.45.
Code development
At the moment coding is being done on modules to optimize functionality, and hook in Electrum client wallets. Some changes are being made to the Qrtz interpreter for better process management. Qrtz is a procedural mechanism developed for controlling cryptocurrencies from modules contained in Internet of Coins.
Latest publications
Our developer Amadeus ('AmmO') recently was invited to give an interview to NewsBTC TV and explained a bit about our inclusive focus on mobile devices and setups with limited capacity. You can check it out here (
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=ee9a0122c6&e=9e156fc6ad) .
Campaign Curve [corrected]
The curve dates presented in our previous newsletter were incorrect. Thanks to someone from the community who let us know!
We received some questions from people who wanted more clarity on the exact HYBRID issuing schedule. The exact dates on which the price of a single hybrid token is incremented are as follows:
DATE - EVENT - PRICE
21st of March, 2017 - campaign opening - USD 1.00
28th of March, 2017 - checkpoint alpha - USD 1.25
9th of May, 2017 - checkpoint beta - USD 1.45
19st of May, 2017 - checkpoint charlie - USD 1.65
29th of May, 2017 - checkpoint delta - USD 1.85
8th of June, 2017 - checkpoint echo - USD 1.925
18th of June, 2017 - checkpoint foxtrot - USD 2.00
We encourage everyone that is considering to support the project to get on board early, in order to benefit from the reduced rates.
The Release of the Tokens
There have been some questions regarding where the HYBRID tokens are 'visible'. For now, your registration information is your ticket for our Fundraiser. This means your PIN, the TXID of your donation, screenshots of transactions and confirmation, or the confirmation email. When we pass the minimum viable amount of 300,000 hybrids, development of the HYBRID architecture will start and the client development will begin. When enough of the network infrastructure is ready, each donor will then be given an account that contains the amount of hybrids reserved according to the USD value of the donation at the time of participating. In the course of development, the network will be connected to different coins and token systems, starting with those included in the fundraiser.
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How to participate?
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=ba81de293d&e=9e156fc6adIf you want to ask the team any questions, regarding the project, in general or about our fundraiser, please use one of these ways to do so:
* Twitter: ask your question and mention @InternetOfCoins (
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=62161b3475&e=9e156fc6ad)
* Log on to the chatpage on our website: chatpage (
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=e896253afe&e=9e156fc6ad)
* Via email:
[email protected]Or check out this video if you want to know how to participate with cryptocurrencies; Crowdfund Tutorial. (
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=46a225b48a&e=9e156fc6ad)
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If you haven't received a mailing from us earlier and are new to the project, you can read up on our website (
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=66ffc2046f&e=9e156fc6ad) or the forums (
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=e3586b6c2f&e=9e156fc6ad) . Also check out the terms (
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=6ad2d6d43a&e=9e156fc6ad) page for more information and our roadmap, but the best explanation would be our latest presentation (
http://coinstorm.us15.list-manage1.com/track/click?u=60fde0221c01ce028efef3700&id=fcb75aecd6&e=9e156fc6ad) to describe the project.
Ways to support
Like the project? You can help us out by giving it a Star with your Twitter account on Cyber Fund (
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=aa9d524c05&e=9e156fc6ad) . You can also follow and retweet us at @internetofcoins (
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=7240bce78b&e=9e156fc6ad) to spread the word further. Want to be added to our Slack (
http://coinstorm.us15.list-manage1.com/track/click?u=60fde0221c01ce028efef3700&id=a589e8a9ac&e=9e156fc6ad) channel? Just reply to this mail with your request and we'll add you.
Thank you for taking the time to read our updates,
we´ll be in touch again soon with our next newsletter!
Yours sincerely,
Amadeus, George, Jelle, Joachim, Maria, Marjon, Matthias, Pim, Robert, Sergey and Steffen
Coinstorm.net (
http://coinstorm.us15.list-manage.com/track/click?u=60fde0221c01ce028efef3700&id=834be862b2&e=9e156fc6ad)
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