Quote from: PentagonPinnacle on May 15, 2017, 11:39:30 PM

Anybody here know about INTCoin, is this legit? ICO is on now (1 BTC - 2099 INT) they apparently sold
2 202 093.12 worth of INT

https://www.intcoincurrency.org/

INTCoin

INTCoin is a next generation decentralized currency that takes advantage of blockchain capabilities for instant transactions with a minimum fee.

A distinctive feature of INTCoin is adoption of AniNote and SCS technologies, which are based on resolving issues of existing decentralized systems associated with consensus algorithm, network bandwidth and transaction anonymity.

CryptoNote: evolution of ideas lying at the core of bitcoin technology. This is a protocol allowing to develop fully anonymous cryptocurrencies. CryptoNotes anonymity is ensured by the "ring signature" technology, which allows users to make their transactions absolutely unrelated.

At the same time, CryptoNote helps solve the problem of double expense typical for fully anonymous signatures, and uses egalitarian proof-of-work mechanism with equal voting rights for miners.

Realizing the advantages and prospects of this protocol, we have developed an original protocol, AniNote, which allows to expedite the transaction process while maintaining the same level of anonymity, and enhance the untraceability of transactions.

AniNote uses a multichannel ring signature to achieve the highest level of coin mixing when a large number of the systems nodes is involved, and slightly modifies its algorithms.

Distribution of issue

The INTCoin issue is limited, with the number of issued coins decreasing by 3% over every subsequent 180 days (annual rate ≈ 5.9%). The coins are distributed in several ways:

Initial budget: 4.5%
Miners reward (POW): 47%
Holders reward (POS): 40%
Development budget: 8.5%

Consensus algorithm

INTCoin features a hybrid consensus system, Proof-of-work (POW) + Proof-of-stake (POS), which allows to determine the balance between miners and currency holders to ensure stability and true decentralization, and helps prevent concentration of influence over development within a narrow circle.

This consensus algorithm enables participation in the system both using and without mining.

I just noticed, I think there is something lacking in the information of this announcement.
In fact, it is not clear if this is a kind of signature campaign project or what. Its not that attractive anyway if this is an ico campaign.
So better to improve more about making an ico like what others did here. This is only just my opinion, though I'm also a newbie here too.