Can US/Singapore citizens participate in the ICO?
Denarius is not an ICO. Anyone can participate in mining, staking, or trading. It is an open source cryptocurrency.
if this means it is not ICO
where does the project get the funds to run its project?
what this means is just a coin for mining
ICOs are a scam imo and nothing but false promises. ERC20 tokens are nothing special imo. To make an ERC20 Token (An ICO) it would take someone with no coding knowledge about 5 minutes to make it with 10 lines of Solidity code and $10.
Denarius is a peer-to-peer cryptocurrency based off the original older Bitcoin Core code with modifications based off Novacoin and Stealthcoin and other new features that aren't in other coins or haven't been seen before like Tribus the PoW hashing algorithm, Multisig, USD/BTC Estimated Balances, Market Info, NodeJS Web Wallet, etc. everything about DNR is open source free for the communtiy to use/view/distribute/modify just like Bitcoin or other P2P cryptocurrencies. Denarius like Bitcoin and other cryptos is its own full protocol and network unlike ICOs and tokens. DNR has an JSON RPC API that you can use with the denariusd (Denarius daemon) to create external applications that utilize DNR (which currently there is a ton of use cases, the NodeJS Web Wallet, just being one.)
A project doesn't need funds upfront to run, it just takes someone that has the passion and skills to succeed and stick with it.
Your coin is way better than other young coins, but it isn't profitable to mine.
There are a lot of younger coins with crappy wallets, no real whitepaper or sites that are more profitable to mine.
I think that many people are afraid to invest (hash or money) in Denarius because you had a big premine (10% of total coins) and at this time I think you own more than 50% of the total coins.
To gain trust of the community I think you should be more transparent with the premine coins. You can tell us how many coins you still got from the premine, the accounts that you store them, on what are you planing to spend them, etc.
You can also lock some of the premine for a period of time (until the coined mined > than premine for example) so people won't be afraid that you can dump your coins, take profit and leave.
All the best and good luck with your project!
PS Why you got -2 on Trust? (I didn't had time to read all 100+ pages for the explanation). Maybe you can put the explanation on the ann so the newer people don't make a bad opinion of you.
I have roughly only around 400,000 DNR, most of the premine was given away during launch for bounties and marketing. I do plan to still give some away in the future for giveaways and contests. (I also generally rain daily in our Gitter and Slack chats) The total premine was 1,000,000 DNR in the PoW block reward code, so 600,000 DNR of the premine is out in circulation, The total max amount of DNR that will ever be mined/minted will be 10m in roughly 3-5 years. There is currently roughly 1,800,000 DNR in circulation currently in total, so I own less than 20% of all the DNR in circulation at this point in time. I have been transparent about the premine since launch.
The trust was explained several times throughout this thread, essentially a troll just left me negative feedback, I will try to find the link and get it posted on the main OP. If you click on my trust, you will see I have 15+ positive feedback.
why do you need blockchain for this project?
Denarius is meant to be a fast P2P cryptocurrency, a good option for GPU miners to mine, a decent store of value if the market determines such, and it has a very limited mintage/creation amount comparatively to BTC. DNR can also handle roughly 147 transactions per second, which is much faster than most altcoins and most of the top cryptos.
Denarius is technically more rare than Bitcoin as well. 10m vs. 21m.
To sum it up, Denarius is just suppose to be, an awesome cryptocurrency.