LVG Coin: http://imgur.com/gallery/D7HTogN/newSpecifications:
name: leverage
ticker: LVG
25,000 premine of coins,
1000 POW blocks with 1 LVG reward (to help chain move at the start)
blocktime 2 minutes
1% annual POS
50 blocks maturity
IntroductionThe LVG team are a group of crypto enthusiasts and
market traders who have ventured into the cryptocurrency
world. Part of the reason why cryptocurrency hasn’t
reached the volume of other major financial markets
is partly due to the fact its often hard for the average
crypto trader to make daily profit unless they have
superior money or insider knowledge. Surprisingly,
even though cryptocurrency is clearly the future of
currency (or perhaps some variation of it) a lot of
traders are beginning to migrate to other financial
markets like Forex or Stocks. The LVG team have
identified that the reason for this is leverage trading
and so the reason to launch LVG coin is to help kick
off our Leverage trading platform for altcoins at LVGtrading.com
LaunchHi Bitcointalk,
a while back i made a post offering myself as an escrow for fundraising events on the forum and this is my first customer
The conditions to my escrow for leverage coin are basically what is already said in the announcement page:
The Crowdfunding will last 7 days ending saturday 14th november at 2pm (GMT+1)
There are 25,000 coins available to be divided by the total amount raised
I will release the funds to the developer 48 hours after a working wallet and source is produced and the LVG coins have been distributed correctly
If there are problems with the wallet i will give the developer 72 hours to fix it or i will return funds to investors, i will need proof (preferably a signed message) that the funds you have sent are yours
Best of luck to everyone and LVG for the crowdfunding period, if there are any questions feel free to send me a privatemessage
LVG coin will run a 7 day crowdfunding campaign
here on bitcointalk with the help of an escrow.
There will be 25,000 coins and they will be split
among the total btc raised at the end. Coins will
be distributed as soon as possible after fundraising
period ends. Funds raised won’t be released to
us until a working wallet and source has been published.
The crowdfunding is an opportunity for those who
wish to support the project, if there are no
crowdfunders we will distribute the coins amongst
anyone who pm's for a share
The LVG trading platformLVG aims to bring about leverage trading to wider
range of altcoins almost like the “yobit” of leverage
trading. Coins will grouped into 3 categories to
determine the leverage ratios:
New – Coins that have been launched within the
last month or have had less than 100btc all time
trading volume (will be promoted with whichever
comes first) Maximum leverage ratio is 1:2
Stable coins – coins that have been active for more
than a month but less than a year or had less than
1000btc all time trading volume. Maximum leverage
is 1:5
Veteran coins – coins that have been active longer
than a year AND have had more than 10,000btc
worth of all time volume. Maximum leverage is 1:10.
We are hoping this sort of ranking system helps
point people to safer coins and encourages others
to make long term coins. Also leverage trading might
have an interesting effect on new more volatile coins
which generally tend to go down in value from the off
and people may try and play against the rest of the
market to profit more.
Funds raised will be used to create the initial bank for
allowing people to leverage trade on our platform.
There will also be the option for people to take part
as loaners to other users on the platform. Hopefully
time our bank of funds will increase too and we can
update our leverage ratios accordingly
Holding LVG in your account on the platform brings
added benefit to using the platform:
holding
1500 LVG or more – allows you to trade 1:3,
1:7.5, 1:15 (50% more) on the 3 market categories.
Holding
3000 LVG or more – Returns 20% back to
your account if you make a loss on a bad trade
Holding
5000 LVG or more – entitles you to claim
5% of the value of the LVG funds at the end of each year
Wallets: https://mega.nz/#!bI02RLbT decryption key: !jnUBCrnapHADfnIrQcJUUhd-IUnR4zuJVYL6YUnNauY
Source: GithubWebsite: http://www.lvgtrading.com (Platform Launch countdown page)
Twitter: https://twitter.com/LVGCoin