Quote from: Viperbass on March 21, 2014, 11:03:26 AM

Quote from: buttonmc on March 21, 2014, 06:09:43 AM

Quote from: Gravity on March 20, 2014, 09:19:36 PM

Quote from: LordPiccolo on March 20, 2014, 09:14:24 PM

Quote from: Viperbass on March 20, 2014, 09:09:11 PM

I would like to ask the community a serious question.

How would you feel about doing a IPO for Mintpal votes? We work out a fair price for iCoin and people put in btc and show us the proof of transaction and take it from there.

We have a lot of faith that Mintpal is going to be a extremely successful exchange. Please can we discuss this option, it will also help us get rid of the premine.

However we are still waiting feedback from Moolah regarding there exchange, if we get accepted then the above option won't be explored as we want most of our users to trade iCoin
on there with the introduction of fiat/iCoin pairings.

As long as it's coordinated correctly then I don't see why not. That said Moolah does look very good. The fiat/iCoin would welcome more investment surely

I Agree with Lord, Moolah would be my first choice especially with the fiat pairing and they offer so much other services too that you could do everything through them and grow the coin
very easily, failing that Mintpal would be a great option. I would buy up at rate of 0.00001500, most people who do IPO will hold long term and pay a bit more as it's safer then doing on current exchanges.

There is also rumours CryptoRush might be hacked. Sad

I think an IPO to get icoin on Mintpal would be a great use of the premine. It unloads some of the premine that currently scares investors away and puts icoin on a higher trading volume exchange than already available. The higher trading volume should bump up the mining power and aid in a better distribution of the coin.

There should be a poll on the number of icoins that should be in the IPO as well as what the price should be.

Each vote on mintpal cost 0.0001 BTC. To get icoin to the top of the list it would take ~7+ BTC atm. By the time developers have sufficiently promoted an IPO for Mintpal votes you could be looking at 10+ BTC required.

I would recommend 1 million icoins with a price somewhere between 0.000012 - 0.00002, but that can be voted upon by the community. The only question is what to do with leftover IPO BTC not required to get icoin on Mintpal... maybe put it as a buy order on Mintpal at the IPO price that would go back to the premine wallet for promotion purposes.

Let's get some more input on this and make some moves... you would need at least 2 weeks of promotion before you could have a fair IPO imo.

Hey Button,

We were thinking along the lines, you put the btc dirently into the mintpal btc address for iCoin and send us proof of the transaction and we give the equivalent rate of iCoin decided on beforehand.

We don't want the BTC to be given to us directly as we have no intention of fake pumping the market, iCoin must be left as "free market" as possible.

I will personally use Mintpal to buy up iCoin and everyone in the team plans to be a considerable stake holder in the currency using our own personal funds. Like many others I have also have 2 btc stuck
on coinmarket which I doubt I will ever see again. Just think how much coins I could of bought up at these prices now. Sad

Right now I am keeping my btc off exchanges.

Regarding Moolah:

We have heard back from Moolahs Chief consultant and we have responded to his question,just to repeat if we get onto Moolah we not going to worry about MintPal.

Sounds good to me, lets get a rate decided so we can get this thing moving.

And nobody forget about the free votes on Mintpal, 5 per hour per user!