So far only 2 emails have come in. We're waiting another day to get some more responses, then we'll perform the refund for all received emails.

We've just sent out the emails to our 13 investors. Sorry for the delay. Don't worry, we don't steal.

Announcement:
We have decided to abort the AirdropCoin project.

http://www.thisdayinmusic.com/upload/plane-crash_4851.jpg

Reasons:
1) IPO did not generate as many funds as we thought it would. We needed at least 10 times as much investments to successfully execute the operation.
2) Issues brought up by the community regarding legality of airdrop execution. We still think we could have pulled it off with the right amount of funds generated and creative problem solving, but this is obviously more of an assumption than a fact at this point.
3) Overall negativity from the community. We had expected this project to get a higher level of positive feedback than it did. Most feedback turned out to be quite cynical.
4) Lack of buzz the project has generated up until now. We had expected more buzz.

The root cause of failure was lack of community believe in the project's scope.

We have decided that our professional lives are too busy to justify further time investment in a project that is more likely to fail than to succeed at this point.

Naturally (well, maybe not naturally in the world of Bitcoin), we will be fully refunding all people who have chosen to join the IPO. They will be receiving an email with instructions on how to get their BTC back this weekend.

Finally, I'd like to say the following to all the people who have called us a 'scam'; Next time, please think twice before you call something a scam. There is a lot of cheating in this scene, but there are some good people that actually want to make a difference.
We would have gotten a free trip to a cool place somewhere in the world, and would have done something really cool for the local community there and generate a shitload of buzz. Why wouldn't we?

We have no hard feelings though, trolls were expected, as was the chance of failure.

If you have anything to add this, it would be good to hear your thoughts on where you think we went wrong.

The AirdropCoin Team

Daily update from the AirdropCoin team:
We're in the 6th day of the IPO. This means there are 2 days remaining until the IPO closes and the coin goes live.

As it stands, we have raised enough money for one of our team members to travel to the winning location and hand out the premined coins from the ground. It's not ideal, but we'll do what the raised funds allow us to do. At least we will be able to hand out the coins at the winning location one way or another, so things could be worse.

We had been in talks with a potential sponsor the past 2 days, one of the biggest altcoin exchanges on the internet, but unfortunately they backed out when the BitCoin price plummeted. Securing this sponsorship would have made the airdrop possible instantly, with funds to spare. They've told us that they will reconsider after the coin has gone live. We will keep the community updated on any progress on this.

Hopefully the last 2 days of the IPO will show some more action, which will increase the chances of plane airdrop. For information on how to join the IPO, please see the 'Invest' section of our website.


We've had 150 location votes so far. The number 1 location is still a city called Barranquilla in Colombia, South America. Karlsruhe, a city in Germany, is currently number 2.

Location voting closes in 3 weeks, so a lot can still happen.

Airdrop commences in 70 days, 11 hours and 28 minutes at the time of writing this post.

Thank you to all supporting our project.

The coin goes live on Monday. We're allowing investors to get a piece of the premine until then.

The coin has not been released yet. It will be released on Monday. After Monday we expect more people to become active in this thread, since the release will attract miners and traders.

It depends on your timezone, the IPO closes on Monday 00:00 AM GMT. If you only have the BTC avaible after that, you won't be able to put that amount in for the IPO. In that case, we recommend mining ADC or buying ADC on an exchange (we're currently talking to 2 exchanges to have ADC listed from the start).

We won't deny that AirdropCoin was partially inspired by AuroraCoin. However, we've taken the concept to a whole new level. The press have already called us 'the craziest altcoin ever'.

AirdropCoin copycats will surface I'm sure, and we wish them good luck.

Daily update from the AirdropCoin team:
We're in the 3rd day of the IPO. The number of investments is slowly growing, as we have raised 2.6645 BTC so far. We have identified that we won't need a massive amount of BTC to meet our goals, so we are on the right track.

For information on how to join the IPO, please see the 'Invest' section of our website.

We've had 142 location votes so far. The number 1 location is currently the northern part of a city called Barranquilla in Colombia, South America. Needless to say, location voting closes in 3 weeks, so a lot can still happen.

Barranquilla, Colombia:
Our safety and risk mitigation manager has given the green light for a potential airdrop in Colombia. From legal perspective, Colombian airspace and litter laws are also quite unrestricted, which will give us the necessary freedom to execute airdrop.

Barranquilla is a city and municipality located in northern Colombia. It is the only city in America that was populated instead of founded. near the Caribbean Sea. The city is located in the Atlántico Department, of which it is the capital. Barranquilla is the largest city and port in the northern Caribbean Coast region of Colombia, with a population of 1,885,500 as of 2011 in its metropolitan area, which makes it Colombia's fourth most populous city after Bogotá, Medellín and Cali.

http://excellentworlds.com/data_images/countries/barranquilla/barranquilla-07.jpg
The city of Barranquilla, Colombia


Airdrop commences in 72 days, 12 hours and 25 minutes at the time of writing this post.

Thank you to all supporting our project.

AirdropCoin will become coin of the winning city/location, just as much as AuroraCoin and SpainCoin will become the coin of a country.

Daily update from the AirdropCoin team:
The first 24 hours of the IPO have passed. We're off to a good start; so far we have raised 2.25 BTC. We'd like to thank all participants who have decided to invest so far.

The IPO will remain opened for another 7 days. Please note that early investors get a bigger reward in ADC (higher multiplier). Please see our website for more details on the IPO.

We're currently putting all our efforts into the cryptocurrency itself, which will be released in 7 days. The code is close to final and we will soon be ready to start the premine.

We've had 128 location votes so far, see below for an alternative view the voted locations (we display a heatmap on the website):
http://s27.postimg.org/658gsswcz/Untitled_1.jpg

We've had some negative reactions from certain members of the community, but it was anticipated. This is a very ambitious project in a scene that is surrounded by distrust. At this point, we can do nothing more than to ensure the community that we will go through great lengths to successfully delivering what we have set out to do. It will be easier to show our good intentions further down the road. Please note that there is a plan B in the worst case of not being able to execute the airdrop.

Airdrop commences in 73 days, 13 hours and 4 minutes at the time of writing this post.

Thank you to all supporting our project.

Yes you will be able to mine AirdropCoin using your CPU

Please read the project plan, we will not allow votes for locations above seas.

The following is taken from the 'Details' section of the website:

Please read the action plan in the 'Details' section of our website to understand how we are going to make this happen

We've had 126 location votes so far. To see an overview of votes, go to the 'Location Vote' page of the site ('Overview of Votes' section). We will give a more detailed overview of current voting standings later today.

Nobody in the team is qualified to fly. When we rent the aircraft, we will also hire a pilot.

Taken from the project details of the site:

It will be an issue if the winning location is so poor that there are no computers with internet. This is something we won't be able to solve. Hopefully, the community will vote wisely, but this is not something we want to influence. We will simply execute the community's desire.

It doesn't matter, you can use either. Both are tied to your email address now in the system. Good luck!

Please see the action plan to get a better idea of the project's feasibility and how we are managing risks.

We have received a good question over email, one that we have previously discussed within the team but that isn't handled on the website.

Q:
"What if you don't raise enough money to be able to execute airdrop from a plane?"

A:
In this doom scenario, we will first try to see whichever aircraft is the cheapest (not being limited to airplanes only) and then we will see if we can afford it. For example, helicopters are often much cheaper to rent than airplanes. Also, if we're just a little bit short, we'll try to chip in, but it shouldn't get too crazy. If it turns out that an actual airdrop is financially impossible due to the IPO raising too little funds, we will be forced to hand out all the remaining pre-mined coins from the ground.

We will travel to the winning location to hand out the coins no matter what, even if it would cost us money of our own. We really want to go on this adventure and give the local community of the winning location what they deserve. We have already taken time off from our regular jobs to be able to do this.