News By Tag
News By Place
Heard of Bitcoin and cryptocurrencies? There is new king in the town!
Lately cryptocommunities saw alot of new coins being created everyday yet.. almost all about LTC Litecoin failed. One of pretty respected Bitcointalk.org members [the original BTC forum] came up with idea that will make everybody feel secure.
By: NorCal Press
@ 100% bounties paid in BTC - there will be no dumpers from bounties done, because they will have no EXCL to dump
@ Weekly sales of commodities - with EXCL you will be able to buy a limited number of items cheaper than if you did that with BTC, this way it will not matter if price of coins is 1 satoshi or 0.1BTC because the items will keep value externally
@ Old member as dev – see original forum thread https://bitcointalk.org/
@ External block explorers - no more devs manipulating explorers, everything stays in hands of 3rd party hosters
@ Big number of nodes - every pool which will want to be added to OP will have to act as node to help protecting the network and syncing faster
@ x11 algo - makes coin ASIC resistant
@ little PoS - just to make network safer but not to make whales stack too much
Weekly Limited Sales of Products
The main innovation in this coin is not algo but the items sold. There will be a limited number [probably 1-5 per sale] of things that will be cheaper than if you bought them with USD/BTC elsewhere.
Of course we will start with miners/cpu equipment but in the end i can imagine we will be able to sell everything. For starters, things to be sold will be coming from collection of mine and my friends [if you read http://ww2.inatagram.com/
All 3rd parties selling products will have to use escrow of me or selected person by me. This way there will be no chance of getting scammed in EXCL ecosystem.
Due to limited numbers of products to keep sales fair, all deals will be first sent to users on the mailing list and then announced to forums/social channels.
When our own stash of items ends we will be able to buy some new ones with BTC from ICO and still sell cheaper than market price. Watch the video at http://www.youtube.com/
Later on, I imagine some companies will be selling products through EXCL just to get free advertising.
Here are few items that are waiting to be sold right now: Gridseed Dual Miner, Gridseed G-Blade, Gawminers Fury, few PSUs, Antminer S1, Antminer S3, Photo Camera, PS3 games.
What does this mean? Old respected person behind coin, disocunts for limited things and „ebay type of” market coming seems to sound like a bomb. Coin already gathered over 30BTC for its presale and still has few days more to gain investors since the presale ends at 25th.