Topic: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta - page 304. (Read 415654 times)

Good question. I am interested in this project and willing to invest while things are more cleared up.
When I invest, I'd like to use Anon136 as escrow.
I have never used escrow before, so Anon please clarify:
Is it OK that I send BTC from dgex or bter? how to verify I am the sender?

when does the first round of investing end? im under the impression that the 22 is the last day but i just want to make sure.

also one of the claims that you make is that the code is brand new built from the ground up. so one of the stipulations for releasing the funds that i am holding in escrow must be that you prove that fact. any ideas how to handle this catch 22 since you say that you need the escrow funds released before release but that the code will be closed source until release?

yes. Everyone can participate in it (no user limits or something - completely open). Open beta will be approximatly one week before the real launch. The open beta clients will be technically the same as the real clients on launch day (with a little modification, so it will use a testnet that coexists further on).

will it be an open beta?

I am sorry to tell you that we will not show you parts of our code yet. If you are unsure about eXocoin you might consider investing with escrow services (Anon136, other bitcointalkmember, professional agencies) or wait until a later stage (get at least the free mail giveaway). You will see that the whitepaper will have technical details that might convince you more. The source, however, will be release to public some time after the launch (but it will be release one day completely and compilable).



Technically you are right regarding the dev's investment. eXo_coin just wanted to emphasize that no one of us will get randomly EXO on launch day. Each of us could get maximal: 15% * (100,000,000) * (1,5BTC / all_invested_BTC) EXO (of course we invest as early-birds).
Since we do not touch the investment wallets at all (you will not see outgoing transactions) you can be 100% sure that we will not use the invested money of all of you to reinvest it "with our names". Moreover we do not invest that much BTC at all. Luckily it is very transparent for everyone to check how much EXO someone must get on the launch day.

In that way - we can speak of investing with our own money and you all can proof that this is true since there are no outgoing transactions. I will invest about 0.4 BTC within the next days - the others will not go any higher I guess. So it is up to the community on how much % we will hold on launch day, but we are far away from being the largest stakeholder anyway.

I appreciate that you are thinking of an investment. Since others trusted you "successfully" and your hero member status we can accept an escrow by yourself. In that case tell us how much you would like to invest and please at least reassure shortly that you are going to release the holded amount to us once you will have seen a successfull beta test (at least we need the BTC one day before the launch). That would make it a bit more formal.

Absolutely! You still have time to get an early-bird. Deadline: 22nd february (exact time is not set yet)

best wishes
exokk

Can I still get in on the early bird?

Got parts of your code to show? Anything to show other than text yet?

Good you get an A+ on the first question.

Yes I understand.

Ok so my next question is, you say the dev(s) are just going to buy in like everyone else, but where are the funds that people use to buy in going? If they are going to the dev(s) than that is a difference without a distinction. Either way i would like to know what percentage of the stake you/the other dev members plan on holding.

As i think you can tell im beginning to become interested in your project. I may be looking make a commitment to buy in. I'm i correct in assuming that you would be ok with me using myself for escrow since i have rep as an escrow provider?

Confirmed and accepted.


Really interesting questions. Well of course we discussed about that point quite a lot of time. We do not like the way peercoin implemented this at all. They rely on the (maybe wrongly assumed) behavior of large stakeholders.

nxt improved that mechanism in our point of view. So our algorithm will base on the idea of randomized selection. But more will be announced in the whitepaper soon.

I am not sure if I understand your second question. Please rephrase your question if this answer will not match:
eXocoin will not support a script engine build transaction. However there will be some kind of distributed contracts (since we want to exchange btc<->exo within the native client and we are thinking of something like native escrow support in the client). Maybe this is a wording problem between data-driven and scripted. But I hope that you got the idea.

another investor for ya. btc address 1ArturoXHSDWke5snRxvhekyUiu5bq8qe4

transaction: https://blockchain.info/tx/0207efa0314b9eb7ac9ff05bfb91ce06aa86c7704ebddedcf474c5f098b1614b

amount 0.65BTC

has indicated that when the time comes he will prove his identity by signing a message with btc address 1ArturoXHSDWke5snRxvhekyUiu5bq8qe4

do you plan to implement randomness in the selection of stakeholders like nxt? or are you planning on using something like coindays from peercoin. Or something else entirely? if its something else entirely than what? will you be taking a data driven approach to transactions like nxt or scripted transactions like with bitcoin?

No. The dev team is paid by the IPO but there is no premining or hidden account or something. We as dev team can invest the same way as everyone else and get the proporional amount.


22nd of february - the exact time is to be announced.accepted. Thanks to both of you (Anon136 and investor) - updated in initial thread post.

1J68eajnyueiLeYdaBUiVySFhPiwpafzmY

my rate is 0.9% or 0.01BTC, which ever is greater.

Anon,
Can I send from a trading account?
Also whats your BTC address for sending?

holding 0.1BTC in escrow for bitcoin address 1K2qmHwxyZumsfWPWekrEwo62UzvxY6V9m 

transaction: a99b5fd08d8ede82c77d21e2389c262d0217ae8f4189709576ec5bb08f7168dc

he is prepared to sign a message using that address inorder to claim his funds when the time comes

Interesting.
For early bird investors, when is the cut off date?

Thanks

thanks for the clarification. is the dev team taking a portion?

Thank you, Anon136, for offering your service. We will accept any initiated escrow investment with you.

Yes the PoW part of eXocoin will stop after 6 month completely. After that it is a PoS coin only. We want to spread eXocoin among as many people as possible and want to have a PoS coin at longterm. Therefore we decided to offer several ways to get into this coin. Traditionally mining will ensure that there will be many different people getting some EXO among with the other options: free mail giveaway, IPO at several stages and accepting escrowed transactions to ensure that we deliver what we have promised.

your
eXocoin team

so after 6 months the mining will stop completely?

Willing to do escrow for this coin

https://bitcointalksearch.org/topic/anon136s-reputation-thread-381041