Don't forget to follow xero on twitter: https://twitter.com/xerocurrency . I will be announcing investors perks as certain milestones are hit.
edit: Added distribution.
Topic: [PRE-ANN][XR] XERO [IPO] [PLANNED USE OF FUNDS][FINANCIAL MULTIPOOL] - page 4. (Read 4697 times)
May 22, 2014, 04:32:51 PM
May 22, 2014, 04:11:51 PM
when is release date?
I've just added phases to the OP.
May 22, 2014, 04:10:40 PM
when is release date?
May 22, 2014, 04:04:25 PM
It's an established algorithm and it will make it easy for the funds to be distributed efficiently. However, as I said above feedback is always appreciated.
I would vote cryptonote/cryptonight
https://cryptonote.org/inside.php
May 22, 2014, 04:00:58 PM
everything looks good until I see Algorithm : Scrypt.......hmmm
It's an established algorithm and it will make it easy for the funds to be distributed efficiently. However, as I said above feedback is always appreciated.
May 22, 2014, 03:59:54 PM
everything looks good until I see Algorithm : Scrypt.......hmmm
May 22, 2014, 03:58:30 PM
Waiting for specifications
Specifications are subject to change if most investors feel that they could be improved.
May 22, 2014, 03:57:46 PM
Waiting for specifications
May 22, 2014, 03:57:23 PM
is it a new code coin?
May 22, 2014, 03:54:54 PM
coin info?
May 22, 2014, 03:45:31 PM
Tell us more.
Yeah sorry about that posted the thread to early by accident. I will finish the write up asap.
May 22, 2014, 03:44:41 PM
Tell us more.
May 22, 2014, 03:42:17 PM
Xero is a brand new cryptocurrency which will begin it's ipo next week.
However unlike most IPO coins that turn out to be a scam or have no plan for the future, xero is different.
Xero has a plan for the future but it's also a plan that will be constantly evolving with investor feedback.
Yes You! as the investor will get to choose how the funds are used.
However unlike most IPO coins that turn out to be a scam or have no plan for the future, xero is different.
Xero has a plan for the future but it's also a plan that will be constantly evolving with investor feedback.
Yes You! as the investor will get to choose how the funds are used.
New Plan: https://bitcointalksearch.org/topic/m.6915938
If we were to go ahead with the new plan, 90% of the funds will go towards a financial multipool. Rest of the funds will be used for social marketing and expenses.
This multipool will be investment fund which pays out dividends in xero each week. Investors will have a 49% voting share on the long term investments made. 90% of the dividends will be paid out to the investors, the rest (10%) will be paid out to the coin team.
Within the multipool 50% of funds will go towards long term investments, 25% will go towards purchasing mining equipment and the rest will be spent on altcoin trading.
The IPO will be divided into 4 sperate stages. In total 90% of the coin supply will go towards investors and 10% towards the team. This means that the coin will most likely change to a POS format.
Each stage will have an option of escrow and a address will be made public on where funds are held through all stages to levitate any concerns do dumping.
IPO will start on Monday 26th of May.
Coin will be launched within two weeks of 25BTC received.
After launch investors will be receiving their funds as soon as possible. Please note they will be manually processed so this takes time.
Coin will be launched within two weeks of 25BTC received.
After launch investors will be receiving their funds as soon as possible. Please note they will be manually processed so this takes time.
The Distribution
Team: 10% of the Supply
IPO: 90% of the Supply (Split into 4 different stages)
YTD
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