[XTN]Traincoin - Reaching out to all designers! Voting on ecoinfund! - page 7.

traincoin

newbie

Activity: 28

Merit: 0

Quote from: acuriousman on April 04, 2014, 06:54:47 PM

Okay, I'll bite.

What does this coin do that no other coin on the market does?

We have ideas planned that has to do with the blockchain, and at the moment we just need a dev on board who can help see that vision through.

Besides the guaranteed distribution of XTN via maildrop and the interesting block subsidy rewards to get people into early mining.

acuriousman

newbie

Activity: 27

Merit: 0

Okay, I'll bite.

What does this coin do that no other coin on the market does?

traincoin

newbie

Activity: 28

Merit: 0

The forum is up Grin

This is just the beginning, and more content will be added as things go

http://coinstack.org/index.php?board=18.0

ymer

sr. member

Activity: 308

Merit: 250

Quote from: cryptohunter on April 03, 2014, 04:23:56 PM

Quote from: Painful Truth on April 03, 2014, 04:22:55 PM

nice... choo choo coin! Destination: moon!

Interested!

are you a bot? i mean you love every single new shit coin coming out? is this even possible?

Not a bot, a shill account.

traincoin

newbie

Activity: 28

Merit: 0

Quote from: spankyminer on April 04, 2014, 05:21:20 PM

Quote from: cryptohunter on April 03, 2014, 04:23:56 PM

are you a bot? i mean you love every single new shit coin coming out? is this even possible?

He's a multi-shill™ Grin

Whats the connection of Train and SA?? This train gonna derail few days after launch..

As the dev team we look around for cities that have the most potential for something like a fast-paced currency, and Cape Town seemed to have proved a lot growth, but at the same time potential for something like crypto. There are already a few shops scattered around that accept bitcoin, and there is a definitely a growing community for it. Another thing that was striking was that one of the main banks used there, Standard Bank, began an initiative regarding bitcoin. There was ideas for this bank to become a trading central for bitcoin. Cryptocurrency seems like a very good idea in SA Wink

spankyminer

full member

Activity: 184

Merit: 100

Quote from: cryptohunter on April 03, 2014, 04:23:56 PM

are you a bot? i mean you love every single new shit coin coming out? is this even possible?

He's a multi-shill™ Grin

Whats the connection of Train and SA?? This train gonna derail few days after launch..

traincoin

newbie

Activity: 28

Merit: 0

LAUNCH IN 12 HOURS!

traincoin

newbie

Activity: 28

Merit: 0

A forum for traincoin is in the pipeline Grin

will be posted upon or just after launch

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: Painful Truth on April 03, 2014, 04:22:55 PM

nice... choo choo coin! Destination: moon!

Interested!

are you a bot? i mean you love every single new shit coin coming out? is this even possible?

Painful Truth

sr. member

Activity: 294

Merit: 250

nice... choo choo coin! Destination: moon!

Interested!

traincoin

newbie

Activity: 28

Merit: 0

Bounty rewards updated. Client is being tested at the moment, countdown for release soon to be added!

The bounties are a quick steal of XTN! Get your share now! There will only be 7M in existence, and only 3.5M until the maildrop!!

Anyone who promotes this coin, publishes articles or changes their signature will get a share of the 5000 XTN! Grin

traincoin

newbie

Activity: 28

Merit: 0

OP updated with more info

Client to be released within the next 36 hours, possibly the 24 hours. There will be a notice before hand

coin4pool

newbie

Activity: 8

Merit: 0

hmm more info.. interested in adding to my pool

Acidyo

hero member

Activity: 588

Merit: 500

Will Bitcoin Rise Again to $60,000?

Quote from: miffman on April 02, 2014, 03:45:12 AM

more info on the coin?

Indeed, and more info on the devs/PR everything else. If you want to be a successful airdrop coin, you gotta bring more to the table than a new user account with nothing but the same copypasta coin as many before you.

miffman

legendary

Activity: 1904

Merit: 1005

PGP ID: 78B7B84D

include a detailed OP with more info on the coin?

traincoin

newbie

Activity: 28

Merit: 0

Quote from: Joshuar on April 01, 2014, 06:53:59 PM

48% Premine? Another Copycat country coin? NO THANK YOU

MOVING ON.

You are most definitely entitled to your own opinion

I am sure you will be shocked at the results in a mere 2 months from launch Wink

platorin

sr. member

Activity: 392

Merit: 250

Someone watched the snowpiercer here Wink

Joshuar

hero member

Activity: 504

Merit: 500

eidoo wallet

48% Premine? Another Copycat country coin? NO THANK YOU

MOVING ON.

traincoin

newbie

Activity: 28

Merit: 0

This is the announcement for the crypto-currency, Traincoin! (XTN)

http://i59.tinypic.com/qs5wuh.png

After this whole mess of new crypto-currencies, we aim to bring you a new fast-paced, rewarding currency! Traincoin will variable block rewards, which encourage people to get on as soon as possible! Block subsidy will increase at first, and then drop in variable amounts until it reaches a baseline of 0.05 XTN.

Block subsidies:

http://i59.tinypic.com/2gtb3vr.jpg

The subsidy has been well thought out on how to get many people interested in this currency. It starts off with low difficulty coins and the reward increases fast, resulting in a difficulty spike, and then the reward drops, furthering the difficulty spike, as well as spiking the price.

Block rewards are as follows:

(x is block height)

1 75 XTN
10000 120 XTN
11000 140 XTN
12000 160 XTN
13000 200 XTN
13500 250 XTN (I like to call these 'Blocks of Inflection', for obvious Calculus reasons Wink

)
13750 200 XTN
14000 160 XTN
15000 140 XTN
16000 120 XTN
17000 50 XTN
25064 20 XTN
33128 10 XTN
41192 2.5 XTN
x>57302 => 0.05 XTN (which is 21024 XTN per year)

The total number of coins in circulation will be 7 000 000, so this coin is relatively rare compared to other alts.

http://i62.tinypic.com/2z6a6qa.jpg

You might be interested as to why I said 7M coins while the graph only shows ~3M.

Traincoin will have a 50% premine of which 48% will be used to distribute to the citizens of Cape Town, South Africa!

Maildrop:The coins will be mail dropped 60 days after the launch of this coin (a few days after the block subsidy hits baseline, which makes this an interesting ride!). We will try to reach everyone in the whole of Cape Town via their postbox. 1% of the premine will go towards covering these costs (this includes leaflets and flyers that will be handed out where-ever possible). Another 1% of this premine will go towards bounties and giveaways. (Note: This will have a transparent public ledger. There is in total a 50% premine. We will be getting designers on board to design paper wallets and the leaflets/brochures/video for a big market push. The mail that will be dropped will go through SAPO (South African Post Office). As said, the cost will be covered by the premine. Things included in the letter will be the address with assigned private key. The address will most likely contain just 1 XTN. It will also cover the basis on how to use the client, and how to use the android app (There is a bounty available for this). If you are a designer/artist interested in getting involved, please let us know. You will get a bounty for your effort. More details to follow soon.

--Why Cape Town? We have been watching airdrops and maildrops of cryptos recently, and we saw that it might be a bit better to distribute it to a city and the results/growth of crypto there, and then expand it to the rest of the country. Cape Town itself proved to have great potential for cryptocurrency. There is a growing Stellenbosch bitcoin community, as well as general awareness throughout the city. There are many small businesses sprinkled around CPT (Cape Town) and that's why we decided to go ahead with it. It is those businesses that will set the crypto standard for others. We think this face-paced currency is perfect for this fast-paced city.

IPO:The dev team had a long thorough discussion about whether or not to have an IPO, simply to get money so we can open more bounties and support the coin. This was considered for a while and we decided that we would let you choose. If yes, comment with a preferred escrow, else, just no would do. We want to ensure everyone is on board! Please let us know your preferred escrow!

Specs:

Algorithm: Scrypt
Difficulty retarget: every 250 blocks (~5.2 hours)
blocks per day: 1152 (1.25 minute blocks)
Block rewards: vary (info below)
Total XTN: 7 000 000 XTN (7M)

Bounties:

You may inform me if you would want to have a head start to claim the bounty when the coin is launched. The bounties will be awarded for the following:

-First 2 exchanges to start trading XTN (~~5000~~ , 4300)
-First 3 merchants to accept XTN (~~1000~~,750,250)
-A fully functional Android wallet (7500)
-First online Game to use XTN (1000)
-A working block explorer (~~1000~~)
-The first 3 Mining pools (~~1000~~,~~750~~,250)
-The first faucet (~~500~~ (Used for translation, faucet owner was paid in BTC instead of XTN))
-A Mac wallet (5000)
-Stable nodes (~~1000~~,~~450~~,~~400~~,350,300,250,200)

Once all of these bounties are claimed, there is still a 4500 XTN balance that will be given out at either giveaways or further bounties.

Pools:
-http://pool.uberpools.org/ 0% fee, PROP
-http://xtn.altcoin-pool.ru
-http://xtn.okaypool.com/ (unconfirmed if valid)

Block explorers:
-http://explorer.trainco.in

Exchanges:

---AllCrypt XTN/BTC
---AllCrypt XTN/LTC
---AllCrypt XTN/DOGE

--Buy/Sell Thread
---https://bitcointalk.org/index.php?topic=558333

--Voting: Please vote for traincoin on
---www.swaphole.com
---www.cryptotop.com
---www.mintpal.com/voting

Faucets:
--http://traincoin.altcoinfaucet.net/

Translations:
---https://bitcointalk.org/index.php?topic=569221.0

Sample conf for solo mining (traincoin.conf or TrainCoin.conf):

server=1
listen=1
rpcuser=train
rpcpassword=coin
rpcport=40072
addnode=108.61.202.110
addnode=204.12.193.178
addnode=198.23.242.217
addnode=162.221.184.173

XTN forum - http://coinstack.org/index.php?board=18.0
Sub-reddit - http://www.reddit.com/r/Traincoin/

White paper with more info on XTN: https://www.mediafire.com/?nf65d57gdsuq9x8

For every vote I will pay out an additional 0.5 XTN! After you have voted please post your address on this forum, or on the reddit give-away.

http://coinstack.org/index.php?topic=81.0
http://www.reddit.com/r/altcoin/comments/229mwb/post_your_traincoin_address_and_get_free_xtn/

You will be rewarded 10 XTN to change your signature to this!
Here is the code

Code:

[url=http://coinstack.org/index.php?board=18.0][color=red]*JOIN THE TRAINCOIN RIDE! FREE XTN!*![/url]

Windows wallet:http://www.mediafire.com/download/tbmka3a6oi9b6v5/Client.zip
Source:http://www.mediafire.com/download/ao7mz5544bj9n4a/Source.zip
Github Source:https://github.com/traincoinproject/TrainCoin-1

Topic: [XTN]Traincoin - Reaching out to all designers! Voting on ecoinfund! - page 7. (Read 12111 times)