Coin looks interesting except the unfair IPO distribution logic. If you guys can re-plan the IPO in 2 stages ( #1 stage - fixed coins/btc, #2 stage - distribution with respect to % of high investor), I will be in.
I agree with this. Why not do it like Reddcoin? Have a clear calculation on a website with investor numbers and add a second stage for extra investments. Paying out the coins slowly will also help to prevent pumps.
Or like NEM. They will give everyone an equal share.
That's the most fair IPO I have ever seen.
And that's why NEM got approximately 2500 - 3000 stakeholders. Great distribution.
While I agree that the NEM IPO has a cool vibe to it, this sense of fairness and equal distribution is unfortunately pretend and misleading.
There is no way to stop NEM investors from using several bitcointalk accounts to obtain a higher stake, and many users are absolutely certain to be doing this. You would be fooling yourself (and others) if you do not believe this. Thus, we strongly believe the distribution of NEM to its stakeholders is not what it appears on the surface.
It's highly likely that many individuals are even using 10 or more accounts. At the end of the day, the investors with more BTC will have a higher percentage of NEM. If you are in doubt, then note that a significant fraction of the accounts claiming NEM IPO stakes are actually newbie accounts, created around the time of their IPO, and not used for anything else after claiming.
We feel that such artificial limitations are not helpful and are, in fact, misleading to investors. This is why the Heavycoin IPO does not impose any limitation on the amount of BTC invested per account. We hope this will improve transparency, so that other Heavycoin investors can see are more realistic representation of what the distribution is--- even if that is comes at a cost for us in term of how much IPO capital we can raise.
