This crowdsale is officially over. Thanks to everyone who participated! Here's what will happen next and how coins will be distributed.

First, I have almost certainly decided to use StellarX for the first exchange to be listed on. Or marketplace I should say as it is truly decentralized, has no fees, and offers users the ability to shift in between fiat, crypto, eggs, bacon, stocks, you name it! I like that model and feel it is the future of trading.

The ERC20 token, Intracoin will be destroyed and a new Intracoin will be created on the StellarX platform. The reason for this is, if I anchor the ERC20 token to Stellar, we'll all have to pay multiple fees. One to Ethereum and one to Stellar. By rebuilding the coin on Stellar, there will only be 1 fee involved making it easier for all. Creating my own blockchain is still on the table, but it will happen only when/if eGoods becomes widely used as well as Intracoin itself, so that is up to you, the users!

Changes in the coin once moved to Stellar
Since this will be a new blockchain, coding is more restricted. There won't be many changes to the functionality, but here are the few.

- The coin will NOT be mintable or burnable. While I haven't made a definite decision on this, I'm leaning more toward this because it does not appear that coins built on the Stellar platform can be burned/destroyed. This is bad because we can't control the supply of coins. If too many are made, it just decreases demand, thereby devaluing the asset, which is not something we want to do. So until they offer that functionality, it will be a set amount made. Thankfully, coins made on this platform can be modified later unlike Ethereum so there is scalability!

- The coin will still be freezable. I can still help prevent or handle any theft or shady business by freezing infringing wallets. Unfortunately in order to implement this on Stellar's platform, I'll have to also require everyone get permission/authorization to use the coin. This shouldn't be a problem as it SHOULD be able to be done automatically without the use of manual approval.

- It won't be pausible, which was never a HUGE deal in the first place. In case of severe theft it was an emergency feature that allowed me to disable ALL trading of Intracoin so I could do research into finding the perpetrators. As long as I still have the ability to freeze wallets we'll be good.

That's pretty much it for the changes. Nothing too major but I wanted to keep everyone informed.


How the coins will be distributed
Those that bought in during the ICO and those that managed threads already have their coins. If you use eGoods you too should also have coins already.

Those that posted to social media will get your coins 2 weeks AFTER getting listed on the exchange.

Those who simply joined Telegram (and are still in there) will receive your coins 4 weeks AFTER getting listed on the exchange.

This is done to prevent any major sell-offs and give the coin a fighting chance at price stability.

That's about it. Any questions please ask! From here on out, unless I do another crowdsale, I'll be posting exclusively in the ANN thread for Intracoin. Thanks for watching!

Updating spreadsheets now. Time has been flying! I posted an update video in the Telegram group. Thought it was posted here as well but apparently I didn't post it here. Check it out when you can. https://youtu.be/oT7RBUxhEOw

Hey everyone. Going to San Francisco on October 7. Please vote so that I can pitch eGoods at the event! Either way I'll be there. https://www.blackenterprise.com/techconnext/tcx-pitch/

Payouts and credits have been made. Thanks again! Oh, and here's a little update on things. Had a meetings with a big cell phone manufacturer last week. I'm also planning on going to an event in San Francisco in October. Lastly, I have a meeting in the next week to discuss bringing aboard some prominent crypto and tech activists. Stay tuned!

https://youtu.be/bJm-ts5U9lc

No worries. I've just started waiting until the end of the week to issue credit now.

Everything is updated and payouts have been made. As a quick update. A friend of a friend works as a VC for a large electronics manufacturer that everyone in the world knows. We had a meeting 2 days ago and he likes eGoods and the entire concept, but he told me I'm missing 1 thing in order to get acquired or funding and that's something proprietary OR a large following. I don't have the money to promote to get a large following so, I'm going the proprietary route. I've always planned for Intracoin to have its own blockchain, but it looks like I'm going to have to move that timetable up.

Intracoin, once the blockchain is done will have these features to start:

Scalability - Will have transaction times that rival Visa (over 24,000 per second)
Security - Will be secure against the loss of funds (NOT HACKS as no one can know all of the exploits of such new tech, but I will maintain the ability to reimburse anyone for losses)
Insurance - Items purchased using IntraCoin will be insured against theft, dissatisfaction of services, etc. I won't have the manpower initially to handle all of the claims quickly, but I will do my best. The more people using the coin, the quicker I can get the help.
Mining rewards - It will be a POS blockchain so it will be environmentally efficient and responsible, it will also offer a competitive interest rate monthly for holders of the coin. Likely 1% compounded monthly with a 2% Intro rate for the first 6-12 months.
Low Fees - Fees will be around .2% for transfers. So that's $2 on a $1,000 transaction.


Since it's just me this will take some time. But I will keep interested parties updated. Thanks again for your support!

Thanks for this! I have a little update. Spoke with a large company yesterday about eGoods. They like the idea, but I have to do some things for them to partner.

Didn't see your question there! But yes. You can still join.

Got it! Updating the spreadsheets and payments today!

Payments made to those who maintain a thread. Spreadsheets will be updated now.

Thanks for the updates!

You still need an AMD machine to test this?

Thanks for everyone's updates. I noticed last week all of them are usually in by Wednesday so i waited to pay those managing threads. However, due to the sell-off of ETH that's occurring the fees are tremendously high. They're usually around .02 or .03 but at the moment they're .96! I'm going to give it a few hours or a day to let the volume settle.

Just wanted to update everyone on that.

There was also a video posted yesterday in the telegram about where eGoods is headed. Check it out: https://youtu.be/wHl0JMjXKX4

Thanks everyone. Payments and spreadsheets will be updated soon.

Thanks for this. As a reminder, remember to update the thread daily. Thanks again!

Spreadsheets updated!

A little off-topic but are you a fan of Jordan and his shoes? Or just of him? I used to have a huge collection of shoes. Still have a few rare pair.

payment sent. Thank you!

Tx: 0x3bd79516d1ba3b5a1c446409b481f8df53050c8d70d369f70597e1977eac953f

It's on topic so I don't feel this is advertising, but you can get 10% cashback shopping online using eGoods.co. Instead of raising money in a crowdsale, I'd just like for peopel to use the platform. It doesn't cost you anything extra and I'm trying to grow more stores. I have the major Western stores like Walmart, Amazon, and Macy's I just added Lazada. I need more international stores can anyone tell me what stores they'd be interested in?

Thanks for your contribution! Updates are made once per week on Sundays EST.