UPDATE

My apologies everyone. I didn't realize how big this coin would get so quickly and I have full-time work commitments (I will be taking a break from work soon). The block explorer is taking a while because the person who I am discussing it with only replies once a day, this is out of my control. If anyone can get me someone to do a block explorer ASAP I will give the referee an XBC prize of 50 XBC (as long as I follow through with the recommended person). Because once I have done this, we can start working on the wallet overhaul and the website (which is basically done but very basic).

In regards to the rest of the coin supply, I thank you all for your input so far. I have carefully looked over everyone's suggestion in the thread and in my inbox. I have come to the following:

- 40,000 XBC goes into cold storage and is held by a publicly trustworthy forum member
- 7,499.99 XBC goes into promotional activites

I will be paying for the infrastructure out of the IPO funds. Otherwise, please let me know! Do you want another member to hold the funds? Have we kept enough for promotion? Do we want to use the XBC for something else other than promotion?

For example; I want to send qiwoman and poloniex some XBC for a giveway (between 0.5-1 XBC per person). This is only an early phase in our promotional efforts and we will be down 1,500 XBC (1,250 poloniex, 250 qiwoman).

Quote from: pyromaniac on April 27, 2014, 08:43:01 AM

What will happen next with all other coins? If I bought some coins, will it be destroyed? What happens after rename?

You will never lose your coins. Once we choose to rename the coin (it will be put to the community vote), a rebranding won't be too difficult. At the very worse (which is extremely unlikely), XBC will have a 1:1 trade-in value. But this won't be neccesary.

Quote from: sussex on April 27, 2014, 09:37:14 AM

You've not explained how your wallet is so similar to the shit coin wallet...................

XBC is a clone from NVC but it uses the same wallet interface as SHT.

Quote from: CrazyLoaf on April 27, 2014, 08:10:32 PM

Destroy the coins. So question; coin cap is 100k (50k if all destroyed)? What's the PoS rate?

10% annually

Quote from: kidyubyub on April 27, 2014, 10:25:41 PM

Wallet sync issues?

Can we please get some more people mining XBC. Simply go to help>debug window>console> and type: setgenerate true
Would you all like a multipool? Someone messaged me offering.

Quote from: utility44 on April 27, 2014, 09:00:13 PM

So, whats the total amount of XBC from IPO 1 & 2?

Roughly 52,500 coins are in circulation. We are voting on what to do with the rest

Quote from: MOON_2000 on April 27, 2014, 10:36:23 PM

I like that you can already buy gold bullion with this coin. I am going to try it to see how it works.

You can buy silver, gold and platinum. Let me know how your experience goes. You can even visit the vault if you live in Singapore