Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ISR] Isracoin - The Israeli cryptocurrency -
by
IsraelCoin
on 23/09/2014, 13:35:28 UTC
Guys, we update when there is something tangible to say.

Regarding the new wallet that is now being tested and finalized, it will include a naming functionality allowing users to register a nickname to an address (much like in namecoin, but more simplified, geared towards making this functionality usable and practical for the general population).
Also, of course, this will be a bitcoin 0.9 codebase.

Development and merger of a few systems into one website is just about finished. This includes a business directory, simplified business registration and validation process and the Local Isracoins systems, rolled up into one login/website structure.
we still need to put some final touches on it, including a better design for the front page, but for the most part it is done.

Development of a system for direct sales of coins to the general public via local fiat bank transfers is in advanced stages and will probably be beta tested within about a week.

We were finally able to schedule everyone for the Currency Change stores meeting and it went very well. we have an owner of such a store working with us now to bring Isracoin into his store first and after that is implemented, he will be undertaking the process of bringing it into as many such stores as he can in Israel (he is very well connected in this field). We have a general system already developed for this and the next step agreed on is to adapt it to be as similar to the systems they use in their stores, to make it as simple for the store clerks to learn it as possible.
What our system will do is essentially purchase the coins for the Change store via bittrex/hitbtc whenever they need to top off their stock.

The 2nd largest newspaper in the country has just published a bitcoin article and included Isracoin in it, giving it significant weight in the Israeli cryptoworld.
This was in fact supposed to be published more than 2 months ago, but due to the war it was put on backburner until now.
This to us means the time is right to start gearing up for a media assault which we plan to get started with once at least one of the above mentioned channels for buying Isracoins is open to the public. We imagine most of you understand why, but just in case, we feel it will best serve our patient investors' interests to not spend our media ammunition until the general public has simple means to get its hands on coins.

Oh and as of this morning, we seem to have gone up to 2nd place on BTER exchange voting.
We still haven't heard anything from HitBTC as to when they will actually put ISR up for trading, but as we've seen in the past, it usually takes them about 4-6 weeks after the winner is announced.

That about sums up most of the important things that you should be aware of at this point.