Topic: [PRE-ANNOUNCEMENT] MotaCoin Coming Soon!! [LOS ANGELES BASED MARIJUANA CRYPTO] (Read 1394 times)

Official Announcement @ :  https://bitcointalksearch.org/topic/m.32560127              thanks sir to this,hope good things all about it,will see,will follow and ill stay tune to this project

Thank you! Please drop by our official announcement thread and leave your comment where it'll be visible!

Official Announcement @ :  https://bitcointalksearch.org/topic/m.32560127

Thank you! Please drop by our official announcement thread and leave your comment where it'll be visible!

Official Announcement @ :  https://bitcointalksearch.org/topic/m.32560127

interested in this coin. with marijuana being legal it is going to be huge. I see articles how it is becoming the "new wine". I also live in a legal jurisdiction and it is absolutely crazy to see all the different types of people who use the recreational marijuana shops. I wish you luck and am awaiting launch.

The very best marijuana project so far.  This will be a project to invest and save 10btc or 100eth for.  With the right outlined article by the developers to make us understand the worth and purpose of the project I think with will be a future bargain..  Good work developers and best of luck..

I know! We were up to 2.2 GH! Prelaunch too!

Wow. Someone decided to point almost 600MH at this coin. Hope they are aware that the rewards are small right now and that the initial coin offering is going to only be 2-4 cents per coin.

After the token sale I'm gonna apply for all the major exchanges. Luckily, several high profile exchanges trade potcoin. That opens the door for a coin like MotaCoin. If that shady ass coin is getting traded, MotaCoin will definitely get listed due to the fact that we're 100% legit, legal and honest. We're doing this correctly, and honorably. We finally have marijuana legalized in the USA, and Bitcoins public perception is finally no longer that of a ponzi scheme.

I tried to launch a few years ago, but between the legal issue of marijuana being federally illegal and the public perception of bitcoin being a scam, sunk that ship after a good attempt.

But now, with bitcoins boom, financial market inclusion, and overall public understanding finally gaining traction, the world is finally ready to begin accepting crypto.

reserved for translation in HINDI (Indian)

where do you plan to listing of this coin on exchanges?
this angles based marijuana, I see some of countries is not allowed marijuana. how it works?

Hey thanks for the PM. I might buy some.

Thanks for taking the time to reply. I can tell this project has been well thought out. I'd love to help in any way possible, although I'm afraid I wouldn't have much in terms of useful skills to give. I'll keep brainstorming and let you know if I think of anything else.

I grew up in Los Angeles, so I have many friends out here connected in the marijuana industry. In some cases I will be meeting with dispensary owners who have mutual friends with me, in those cases I will be expected when I meet with them. In most cases I will be systematically visiting the dispensaries, equipped with brochure's that outline everything they need to know. The pitch is relatively simple. The main things i'll be pointing out are as follows:

• No investment necessary, we are donating the coins to you.
• There is a 12% interest rate that accumulates on the MotaCoins we donate, interest accrues in MotaCoin.
• Transition to accepting MotaCoin payments is very simple. In order to accept MotaCoin payments, you will not need a new Point of Sale system.You simply print out a QR code on a piece of paper to enable retail transactions.
• It's an easy way to get started in the crypto world. No hassle setting up accounts to buy bitcoin, we're giving it to you.
• This investment vehicle reaches into both the Marijuana Market & The Crypto Market. Two birds, one stone. Both industries are blowing up.
• This is the very beginning, so it's a great time to join. Comparable to Bitcoin back in 2009 when it was a penny each. MotaCoin will be about a penny each at launch.

I like your idea regarding the referral program. I'm going to incorporate that.

Getting customers to use the coin won't be too hard. Part of the terms of signing on, is that 5-10% of the coins we donate to them, gets donated to their patients.
This could easily be done through paper wallets. Print out a couple hundred paper wallets, and give them to customers patients that spend more than 40$.
There will also be promo's where dispensaries will offer 5-10% off if the patient pays in MotaCoin.
There will be an android mobile app that scan the paper wallets and thus be loaded up with coins. People will enjoy the simplicity, and also be excited to part of this new technology.

The ease of use is a big selling point for us. If a dispensary wants to accept MotaCoin as payment, all they need to do is create a MotaCoin wallet (on any OS/Platform), and then print out the QR code for the receive address. This piece of paper with a QR code gets taped near the Point of Sale terminal. When accepting payments, they just have the customer scan their address. So, it's as simple as printining out a piece of paper, and taping it. That's it.

By the time a dispensary will be accepting payments in MotaCoin, there will be exchanges that will offer liquidity. We will have an exchange listed immediately after the ICO. The ICO will price each coin at about $0.01 - $0.03 cents. That's going to provide a baseline value. The value of MotaCoin will dictate the exchange rate to be applied when sales are made. Dispensaries will not be on the hook to accept large payments in MotaCoin, I am specifically protecting them by capping the amount they are obligated to receive as payment. Currently capped depending on the terms of their signing up (Gold - 100$ cap, Silver 75$, Bronze 50$, Copper $25 cap).
Dispensaries have the option at the end of each day to convert their MotaCoin into Bitcoin, which then may be converted to Cash.
It's worth mentioning that especially in the beginning, there's not going to be many sales they will accepting in MotaCoin. As MotaCoin and crypto gains traction, then sales will increase. But by that time, MotaCoin will be worth much more than a cent each.

Since we're not officially launching until after the token sale, we can't allow anyone to ninja mine the coins. However, we will need have a functioning coin before the official launch, as I am going to be demonstrating the coin to dispensaries in the meantime. To address this, I set the POW rewards to something small enough so that people can't complain and say its unfair. In this case, I set the POW reward to 0.00420 MotaCoins per block. This POW reward will be in place until the day of the launch, at which point the reward will be increased to 100 MotaCoins per block. There will be a total of 487 Coins released in the 4 week period before the official coin launch. Given the price of each coin, no one will complain about $5.00 worth of coins being released to miners in the 4 weeks leading up to the release.

If you need me to clarify anything, let me know.

Cool looking concept. I like the general marketing strategy but would be interested in some more details on how that will work. Were you personally just planning on going from dispensary to dispensary and more or less doing a sales pitch? A referral incentive program may be good to implement, let the customers / owners do some of the marketing for you and incentivize their doing so. Getting customers to use the coin will be another important part, so perhaps encouraging them to offer discounts for people who use the coin to get customers to use it would be good as well (and would help offset the charges people new to the crypto world would run into). We will have dispensaries opening in my state this fall, so maybe I could help spread the word in this area

Having run a business before, I know my big concern would be the unknown value of what I would be accepting. My sales in USD are generally going to have a known value that I can track in my P&L, but all my sales in crypto could range anywhere from nothing in the future to a whole lot more. Not sure if there is anything more that can be done about that besides the 12% POS system, other than getting more and more established with clients.

What are the plans for ease of use? What does someone using this coin to purchase at POS look like to you?

*edit - also was curious about the initial rewards slated for mining. Based off the math it looks like it would take about 33 days to get to the 100 block reward. What was the reasoning behind that?

I'm aware of it's limitations, it's there for the people who installed a fresh copy of Ubuntu. If you're using a VPN or something, you're gonna have to modify the script a little. There's been a number of people who have used it and it helped them, its just there to help out people who are new to Ubuntu or Linux. To run the script as is, you need Ubuntu. If you have a modification you purpose I'm open updating the script.

hi dev, i checked out your linux scripts, nice idea.... but you are linking everything statically to what is on your computer and it is still missing of few details in them.
like i said it is a nice idea but those that try the scripts will find themselves a bit strangled trying to get them to work when on a different machine and with different dependancies already installed while trying to use only what you put in the scripts....
not every linux user is able to decipher what is missing and you should actually link this to a few distros ,as only a few will work with those scripts, based on debian  aimed at ubuntu i presume!
slackware fedora BSD ext are absolutely outside of those scripts so informing the users would simply be better

got it already, thanks, looking for a miner ...

Actually I lied, the windows and mac wallets are both available on the OP, and...
                                                      (Checksum's included in the folder)

Yes...currently only available through the discord link