Quote from: Water_kel on April 03, 2014, 05:41:26 PM

Quote from: CleanWaterCoin on April 03, 2014, 05:21:34 PM

Quote from: YouIsPeng on April 03, 2014, 01:44:35 PM

The rest is, I assume, for development of the coin. Getting it listed on a proper major exchange instead of many tiny exchanges which are barely used would seem to be a good step in getting the coin recognised and more widely used, and as such a good use of at least some of the roughly $12000 left over from the PLC.

Devs, please let me know if I'm wrong and clarify what the remaining 24BTC from the IPO will be used for.

Peng, I love your intensity. It's obvious you are incredibly passionate and that's what I respect.

The BTC from the PLC goes to a number of things that all build up Clean Water Coin. From server fees and additional development costs (updated wallet is what's being worked on right now) to marketing and media campaigns. None of the BTC from the PLC has gone to pay for anything personal or as some sort of salary--we are at such a critical stage and those funds are key to growing Clean Water Coin and that is exactly how they will be used. We won't be spending BTC to buy votes on some of these medium sized exchanges, and let me explain why. We want to be on Mintpal and Cryptsy and others, but rushing to those exchanges is very dangerous for the long-term health of a coin. Because we are so new and there is a relatively small amount of coins disbursed among the community we are very susceptible to a pump and dump scenario. We've had an incredible launch, have already donated $2000 to charity: water, and have attracted lots of attention and all that could be used against us to fuel a pump. But without a larger community backing us that holds a more substantial amount of coins the fallout from a pump and dump right now would cause serious stagnation and possible death. Don't worry, we aren't holding the coin back. We support the voting for Mintpal and your purchase of votes is an incredible gesture and hasn't gone unnoticed. This are hugely important steps in our growth.

Don't stop voting and don't stop emailing exchanges. Keep up the intensity. Participate in the new giveaway we just posted last night and help build awareness. I promise you, and everyone here, it is well worth the wait.

+1
No pump and dump please.
It harms the coin.

+1 from me also. I'm extremely happy with the devs of the coin, these people seem to know how to build something long lasting.