When?
Not today
. Soon, very soon . 
Topic: [Pre-ANN][Bit-X] **IPO FROZEN - Straight-to-Cryptsy-and-Mintpal! SEC SAFE IPO** - page 3. (Read 6128 times)
May 27, 2014, 11:09:50 PM
May 27, 2014, 11:05:06 PM
When?
May 27, 2014, 10:58:45 PM
please view: https://bitcointalksearch.org/topic/m.7828722
A Better Bit EXperience
Launch:
Pending IPO
Website:
http://www.BitXCoin.net
Algorithm:
X-13
PoW/PoS Hybrid
First X-13 with extended PoW for GPU! Why? PoW establishes a worth. GPU owners deserve a coin to be able to dedicated themselves to. Not just another PoS only coin that eventually leads to the gutter. The cost of power and the miners are what make a coin worthy! Don't get caught in another PoS Ponzi scheme!
Total Coins:
21 Million
Difficulty Retarget:
Digi-Shield
Block Time:
60 Seconds
Pre-Mine:
0.5% Used for Promotions, Bounties and give-aways.
(More specific information upon IPO release)
1% For IPO investors
PoS:
1.75% per year
10 day minimum coin age
Designed to prevent over-inflation and promote long term investments.
PoW Block Rewards:
95% Reward = 1
5% Reward = Below
Block 0-100,000 = Random 1-1000
Block 100,001-250,000 = Random 1-750
Block 250,000-500,000 = Random 1-563
Every 250,000 = Random 1 to 75% of previous Max reward
This system is designed to deter short term mining making it very difficult for multi-pools to make a profit.
Due to recent events. We have decided to open an IPO. We were robbed of our personal investments and decided the only way we can afford to bring Bit-X alive is with your help! We also have decided this will be a great opportunity to get us directly on cryptsy!
IPO FROZEN!!
Due to recent news the IPO will be frozen until SEC papers are properly filed. We will not accept ANY BTC until proper paperwork is acquired and public.
Why an IPO?
IPO is a great way to help set a base exchange rate, aswell as distribute coins to investors quickly. This gives a chance for early investors both in the IPO and in the market to get there hands on some Bit-X. Also putting a coin directly on cryptsy after launch will spark huge interest.
The IPO will be handled in waves:
The first wave will pay for final development costs (which includes advertisement, final windows wallet development, faucet, block explorer, apple app, android app, mac wallet, reddit and IRC tipbot + much much more).
The second wave will be strictly for the cryptsy vote (currently about 4.5 BTC required to be #1 on vote) and the mintpal vote (currently about 19 BTC)
Both the first and second wave will be capped at 25BTC
The third and final wave will be a set time limit with no cap that will be used for future developments. (IPO will be closed about 48 hours prior to launch)
The first wave will contain 50% of total IPO, The second wave will contain 30% of IPO and the final wave will contain 20% of IPO. Early investors get more for offering there trust for longer.
First and Second wave minimum entry: 0.01BTC (2,500 shares each wave)
Third wave minimum: 0.005BTC (No limit)
To participate in the first wave:
IPO Frozen until SEC paperwork clears. Check back soon!
then send an e-mail to [email protected] with the txid, amount and preferred display name (or bitcointalk name)
Why no escrow?
We need more funds for development. We were robbed of over 2 btc of our own investments to get started. So we now have a professional contracted team standing by with already tons of experience in crypto-currency development. Once we have enough funds they will finish coin development professionally and they will also provide much more to be available at launch (listed above). We also will be starting a advertisement campaign which will absorb most of these funds.
Why trust us?
We see the potential in Bit-X. The IPO amount is very small in comparison to what we have planned for Bit-X. I have had this dream for some time and want to share it with others. I am willing to offer any information about myself to those that request it.
Now that SEC paperwork is required there will be public information available about Bit-X and about myself. I will be held 100% accountable for all funds and using them properly. Your IPO is safe and well used! White paper release soon (prior to IPO release)!
After the first wave is complete you will see the results! Once the second wave is complete we will have a guaranteed trip to the top of cryptsy AND mintpal vote! What coin has ever done that right at launch? This will be big and I intend to keep it going. I am active and intend to continue to be. I will do whatever it takes to assure mining for those like myself (like most I use GPU only and can not afford ASIC). Our dev team is growing fast and so is the community. This is why the IPO has an initial cap, I do not want to take more then is needed and will use it properly. Please feel free to contact me with any questions.
First Pool: http://bitx.0feepool.com (open for pre-reg)
Second Pool: http://bitx.pool.mn
Third Pool: http://bitx.v2.dedicatedpool.com
Fourth Pool: http://bitx.suvpool.com
Post here or join us in #BitX on Freenode to get your pool listed. Pools will be listed based on:
1. Trust
2. First to post
Our main focus will be getting on cryptsy. There is no reason to work too hard elsewhere, contribute to the IPO to make it happen or donate below! An exchange will be available on launch guaranteed. Post here or find us in #BitX on Freenode to get your exchange listed first! Your exchange will be listed on same criteria as above:
1. Trust
2. First to post
Start donating to the Cryptsy Vote fund!
Send your cryptsy points here:
166170cb2b8bbe226f66e27cb9ef5341707c72b8
Send your BTC here:
1LhDftdUwV36J6B9zBNAfq2PAJrDZkHy5G
All proceeds will be saved for Cryptsy Vote! (sending BTC here will NOT get you into the IPO)
Twitter: http://www.twitter.com/BitX13
Reddit: http://www.reddit.com/r/BitX
IRC: http://webchat.freenode.net/?channels=bitx
(#BitX on Freenode!)
Social acolyte acquired more fun to come!
Working currently on the BitX Safe-Pay system. We will be releasing a website very similar to coinbase. This website will be setup with a PoF system (Proof of Funds) that we are working on that will verify your fund availability and give faster payments for online transactions.
We also have a merchandiser prepared to create all sorts of BitX Gear. We will need a solid coin design and the "Dummy BitX" website complete prior to starting the process. Once we have hats, t-shirts etc we will quickly put up a BitX shop and have our own items such as GPU, Game systems, PC components and whatever else we can get a hold of
.What is "Dummy BitX"? This is a project working along-side BitX to help promote to outside users un-related to the crypto-world. It will start with a simple website that will be to the best of our ability "Dummy-Proof". It will explain everything from start to finish about crypto-currency and how to get started. It will also feature a new GUI miner that will simplify X-13 mining. We will then do everything we can to market this website. We will be holding rally's here in the Pacific NW and we would hope many of you join in across the globe!
Feel free to post with your service offering.
There will be quite a few bounties offered after release.
If you can program an android wallet contact me!
Donate BTC to development fund:
17U22enEhXQqxuu6UpF5PDg9juU9wtdHg4
Jump to: