Coin distribution UPDATED!
Thank you,
-MorCoin
Topic: Thread Closed - page 20. (Read 19096 times)
I sent a letter to participate in the distribution. Good luck! 
I want to add that I won't be online 24/7! I have a day job and this is my pet project. That said, I will post my availability in the OP everyday so you know when to expect replys to your BTC investments, free share requests, and forum questions.
I ask that anyone who sees people claiming I'm not around remind them to make note of my schedule in the OP.
Thank you!
I ask that anyone who sees people claiming I'm not around remind them to make note of my schedule in the OP.
Thank you!
I like free,i am in
Are you sure these numbers are correct?
Total Coins 5 Million
MorCoin - 40 Shares = 900880 Coins
Jibble (IPO Investor) - 40 Shares =900880 Coins
Bosman (IPO Investor) - 15 Shares = 337837 Coins
127 Free Participants - 1 Share = 22522 Coins
127 Free participants = 2.8 Million
Rest is 2.2 Million and its like only 3 investors of 0.02 BTC..
Super confused
Total Coins 5 Million
MorCoin - 40 Shares = 900880 Coins
Jibble (IPO Investor) - 40 Shares =900880 Coins
Bosman (IPO Investor) - 15 Shares = 337837 Coins
127 Free Participants - 1 Share = 22522 Coins
127 Free participants = 2.8 Million
Rest is 2.2 Million and its like only 3 investors of 0.02 BTC..
Super confused Ah! I just got a solid email from another participant related to your question. Here is my reply:
No problem, good question
Take 5 million coins..
At the time of that posting, we had issued a total of 222 shares.
Divide 222 by 5 million = 22522 coins per share
Multiply that by 40.. and whalla! 900900 Coins
Your coin allotment will decrease as more investors participate, as well as free shares are issued.
Let me know if you have any more questions! I’m online for the next couple of hours.
Sincerely,
MorCoin Dev
The math above in your post technically adds up to 4,999,731. The numbers will firm up when registration closes.
Remember!!! As more participants enter, the number of shares increases. As the number of shares issued increases, the number of coins issued (per share) decreases. The issuance is variable dependant on the number of participants. IPO purchasers can have up to the purchasing power of 40 free accounts. That said, the more people who invest, the "less" valuable each share is worth.
That said... the more widely distributed the coin is... the more valuable it becomes. I'd rather end up with 25k of coins that are heavely distributed than 250k of coins that are lightly distributed.
Looking great! Looking forward for something new
Hello
i would like to be a part of Morcoin Distribution stage
#Email sent
i would like to be a part of Morcoin Distribution stage
#Email sent
Are you sure these numbers are correct?
Total Coins 5 Million
MorCoin - 40 Shares = 900880 Coins
Jibble (IPO Investor) - 40 Shares =900880 Coins
Bosman (IPO Investor) - 15 Shares = 337837 Coins
127 Free Participants - 1 Share = 22522 Coins
127 Free participants = 2.8 Million
Rest is 2.2 Million and its like only 3 investors of 0.02 BTC.. Super confused
Total Coins 5 Million
MorCoin - 40 Shares = 900880 Coins
Jibble (IPO Investor) - 40 Shares =900880 Coins
Bosman (IPO Investor) - 15 Shares = 337837 Coins
127 Free Participants - 1 Share = 22522 Coins
127 Free participants = 2.8 Million
Rest is 2.2 Million and its like only 3 investors of 0.02 BTC..
Super confused Sent an e-mail with my Bitcointalk account name in it. Is that all you need to do to receive a share?
Yep! I am populating a list of approved accounts. On distribution day (after IPO investors have received their coins), I am mass emailing all participants. They will forward me back their MorCoin address and I will begin the distribution.
Got a question on this. So, do the IPO investors also get one share as part of free distribution?
Nope! Great question though.
Nice!
I'm in! Messages sent
I'm in! Messages sent
Sent an e-mail with my Bitcointalk account name in it. Is that all you need to do to receive a share?
Yep! I am populating a list of approved accounts. On distribution day (after IPO investors have received their coins), I am mass emailing all participants. They will forward me back their MorCoin address and I will begin the distribution.
Got a question on this. So, do the IPO investors also get one share as part of free distribution?
I don't understand why people are against IPO's. You cant get everything for free in life.
It is a risk and you basically pay for it. Some of them are scams but there are some where the dev team puts in a lot of time and effort.
How do you think they can be compensated?
Good luck with the venture.
It is a risk and you basically pay for it. Some of them are scams but there are some where the dev team puts in a lot of time and effort.
How do you think they can be compensated?
Good luck with the venture.
We just had another IPO participant. I will update the distribution list by the end of the night.
OK, so once you have fairly distributed the coins, what is next? I am tempted to invest in the IPO, but at the moment I see nothing of value.
I suggest that you should not list the coins on any exchange soon after launch, because almost everyone will dump them.
Looking at the message before mine, the distribution looks very labour intensive. Good luck.
I suggest that you should not list the coins on any exchange soon after launch, because almost everyone will dump them.
Looking at the message before mine, the distribution looks very labour intensive. Good luck.
Very valid points Stinky_Pete!
The free distribution will take several days to facilitate. The IPO coins will be distributed immediately. The exchange that I have been in contact with (coordinating details now, not a minor exchange, and I don't want to list it out of respect to the operator until confirmation has been made) will be expected to keep the market closed until all IPO coins have been distributed. The gradual deployment of the free coins will prevent a flood of coins within the first 24 hours, keeping supply tight.
Thank you for your wishes though
As far as future developments are concerned, I seek the participation of the community to further the development of the coin. What I offer is a fair distribution. I aim to prevent the lopsided advantage multipools and asics have over the average miner. It is up to the community to team up with us and direct the course of the coin as they see fit.
I guess you could say we aim to make the most "democratic coin" ever released!
Just a reminder, duplicate applications will result the offenders removal from the distribution list. I am auditing in batches and will post the offenders on the OP.
Integrity is key to a successful coin. Please abide by the rules!
Integrity is key to a successful coin. Please abide by the rules!
OK, so once you have fairly distributed the coins, what is next? I am tempted to invest in the IPO, but at the moment I see nothing of value.
I suggest that you should not list the coins on any exchange soon after launch, because almost everyone will dump them.
Looking at the message before mine, the distribution looks very labour intensive. Good luck.
I suggest that you should not list the coins on any exchange soon after launch, because almost everyone will dump them.
Looking at the message before mine, the distribution looks very labour intensive. Good luck.
Sent an e-mail with my Bitcointalk account name in it. Is that all you need to do to receive a share?
Yep! I am populating a list of approved accounts. On distribution day (after IPO investors have received their coins), I am mass emailing all participants. They will forward me back their MorCoin address and I will begin the distribution.
Sent an e-mail with my Bitcointalk account name in it. Is that all you need to do to receive a share?
Phhew!
applicants have been allocated to the mailing list in prep for launch day. We had one 20mBTC investor, and you can view the current coin distribution on the OP. Working with a pretty mainstream exchange (not Mint.. yet) on accomodating our launch.
So much work to do!
Keep at it guys. Please, don't just ask for coins. Participate, create and contribute.
-MorCoin
applicants have been allocated to the mailing list in prep for launch day. We had one 20mBTC investor, and you can view the current coin distribution on the OP. Working with a pretty mainstream exchange (not Mint.. yet) on accomodating our launch.
So much work to do!
Keep at it guys. Please, don't just ask for coins. Participate, create and contribute.
-MorCoin
Wow! What an incredible amount of interest!
Sorry I'm 20 minutes late.. I know I said I would be online at 5pm to start answering questions in my OP. Better late than never I suppose! Hang tight tonight, I will be updating you with more details, information on the share system, and updating everyone on how many coins they will be issued based on the interest so far.
Time to get to work!
-MorCoin
Great!! I just sent email for free share participation as well. Good luck all Sorry I'm 20 minutes late.. I know I said I would be online at 5pm to start answering questions in my OP. Better late than never I suppose! Hang tight tonight, I will be updating you with more details, information on the share system, and updating everyone on how many coins they will be issued based on the interest so far.
Time to get to work!
-MorCoin
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