no offense, but mintpal will never become anything no more.
it has lost its credibility, everybody wants his btc out and never return there no more, its imho useless to put effort and money into this.
furthermore, why dont u start your own exchange without an ipo? there is nothing special about mintpal..and they have managed to ruin their name within 4 weeks.
you can get a new name, new management, no debts (if there are any)
Our team has resources necessary to purchase Mintpal.com with our own funds. We are running this as a profit-sharing IPO so that relaunch can truly be a community effort, and so that we have ample funds to restore Mintpal.com to a profitable state as soon as possible.
you wouldn't need extra funds to restore anything if you just start your own exchange..
all in all it doesnt sound good or attractive to me at all.
good luck though, especially to people pouring their money in.
Perhaps we could have been more clear in our ANN, but we ARE starting a new exchange--Renascence Exchange. It will simply be built upon the Mintpal V1 platform, because frankly, we can bring it up to speed for a lot less expense (and time) than we could by creating our own from scratch.
There are two reasons for running this as an IPO:
1) The extra funds will allow us to get everything up and running sooner, by providing the means to hire extra full-time and part-time staff to expedite the process.
2) We really do want this to be a community project, and we think that offering profit shares is the best way to get the community involved.