Hello Bitcointalk,
Please read first our main thread here :
https://bitcointalksearch.org/topic/pre-ann-munich-project-reinventing-bitcoin-alt-coin-wallet-exchange-524025As per our planning, the first IPO of the Munich Project is now open to everyone from the 2nd April midnight GMT to the 16th April midnight GMT.
First of all, I would like to explain you how this IPO works :
Our guarantees : No premine, no instamine, fair launch, rewardless first blocks, publicy anounced investors into the IPO with blockchain proof.
If you participate to the IPO, you will get a certain percentage of the reward of
all the mined blocks for 4 years.
It also means nobody will be able to dump a lot of coins to hurt the market.
The IPO is divided in 2 parts. Each part will have 2% in reward of all the mining for 4 years.
We thinks it's a great way to get coins if you don't have the right hardware to mine it.
Please read carefully our initial statement for more informations about the IPO's :
We have found a good way to avoid some problems with the standard IPO we seen so far.
The main problem with the IPO currently are :
- Quick, not many people are aware about it, until it's too late to invest
- Sometimes shady and/or underground
- This makes a few people having a lot of coins very quickly
- This people makes at least 1000% on their investment by dumping the coins on the market, killing the coin most of the time at the same time
In few words, it's just unfair and not well for the coin. We don't want that.
Our IPO will be done in a better way :
- There will be 2 IPO to slightly advantage the early investors
- The first IPO will last 15 days, and the second IPO will last 30 days, with no limits of investing or number of people investing
- A fixed percentage of coins is set for the IPO. The more people invest, the better the distribution is
- The coins will not come from a pre-mining, but instead, by a very few % of each block mined
4% of all the mining for 4 years will go for the IPO :
Year +1 - 640 Millions
Year +2 - 598,4 Millions
Year +3 - 559,5 Millions
Year +4 - 523,1 Millions
Makes a total of 2,321 Billions of coins allowed to the IPO - less than 0,91% of all the coins in existence.
The coins will be distributed 50% into each IPO.
Each person who will investing into the IPO will be publicly announced into this thread, and will receive at the end of the second IPO a software to generate a public and a private key. We will need only the public key. You will receive the payments at each block mined directly into this address (will be hard-coded into our software)
Disclaimer : you will not know how much coins you will receive from the IPO, until it's finished
As always, we strongly suggest you to do not invest what you are not willing to loose. Even if we done a lot of work in this project, nobody can know for sure if our project will be a success or not.
Please keep in mind
you can't know how many percentage you will get before the IPO ends. If you invested 1 BTC and the total IPO gathered 10 BTC, you will get 10% of 2% of this IPO = 0,2% of each coins created during 4 years.
We are accepting BTC and LTC.
To invest into the IPO, there is few simple steps :
- Send us a PM with your BTC or LTC address, and the amount of coins you are willing to invest.
- Wait our confirmation reply before sending your coins
Once the transaction will be confirmed, we will update this thread with your forum nickname, the date you invested, and the amount.
In case you will send us LTC, we will "convert" it to BTC (in the thread) at the current BTC/LTC rate.
The minimal investment is 1mBTC (or it's equivalent in LTC).
--
The BTC address for IPO is : 1JmjxpKrdQzB3KQ6DqjpDH3NE3sCsoEk64
Explorer link :
https://blockchain.info/address/1JmjxpKrdQzB3KQ6DqjpDH3NE3sCsoEk64The LTC address for IPO is : Les7Q5zwGzDHmYf2UeyXRHgx5SYeyP9MGe
Explorer link :
http://explorer.litecoin.net/address/Les7Q5zwGzDHmYf2UeyXRHgx5SYeyP9MGe--
Please feel free to send us your questions in PM or in this thread if needed,
Donn
