I am not sure of the specifics on how this would be managed and how the notion of ownership is retained by original developer should there be a fork - perhaps someone better placed maybe able to advise.

At the moment, it would seem that iCoin is without any active committed development; looking at https://github.com/captainhooks/ICoin, the last updates made there were four months ago for the KGW implementation.

In relation to other aspects of iCoin, the first post of the announce is significantly out of date and there has been no activity on social media since April 23 with the announcement of the IPO. Looking at the links for the websites, these both appear dead. So in considering this, there already exists some established infrastructure with some of this offline at the moment. It could be worth collaborating with the original developer to allow transfer and reuse of those assets, if so desired.

While there does still appear a small community behind this who check in on an infrequent basis and there is still some limited activity with trading and mining, it would take a strong lead to be able to get the rest of the community to stand up and take notice.

Looking forward to good news.

Likewise...

I see that Swisscex has now pulled the ICN/BTC exchange and without an inspired community behind this, there seems little reason to push them to reinstate at this stage.

Whilst iCoin is on multiple exchanges at the moment, it may be that for the medium term, concentrating efforts on a single exchange is a smart approach. It could be argued that to be actively traded on one mid size exchange is probably a stronger marketing platform than being occasionally traded on multiple smaller exchanges as this centralises volume and also increases exposure to additional traders. However, this does come with risk should that exchange drop iCoin then the interest level plummets. Look what has happened since Poloniex dropped iCoin; value fell and trading diminished across the remaining exchanges.

Just so you all know, Mintpal has now changed their voting system so that registered users get one vote per hour. I have been voting whenever I log onto Mintpal although it definitely needs strength in numbers for this to be a successful approach; somehow need to extend the existing community so that all realise iCoin is alive and still has a bright future.

Very interested to hear of future developments in relation to mining algorithm among other things; there appear some positive messages in the pipeline along, of course, with the news the premine is better distributed. In general, there appears a strong base from which this coin can progress and a great deal has already been done. However, for this to work, there needs to be some strong and defined communication. This concerns me somewhat as the team previously locked in and directly involved with development have disbanded and they were collectively the most active in providing any updates; thanks to all involved for their efforts there, you provided a great level of reassurance and confidence. The fact that the websites are down, the last updates to the Facebook page and first post in the forum during what should have been a heavily promoted IPO was a couple of weeks back announcing stage one of the IPO and has not been updated to reflect that the IPO is ended reinforces this concern.

Thinking on the idea to have a reward system in place to get iCoin onto Mintpal is interesting. One question to ask is how do you think this would this assist with longer term interest? For sure, it may be that a number of people get involved and start voting with the goal in mind of potentially obtaining an iCoin dividend for their efforts. However, once on Mintpal, would then all of those dividends be dumped and interest in iCoin falter? Or would it be that then a larger number more would be aware of the coin and so in fact this helps to effectively market iCoin to have a larger, better distributed and more stable base? Thinking back on the mining reward that was offered at the beginning of February; this saw a spike of interest come out of nowhere to disappear just as fast along with a considerable amount of iCoin dumping. These two factors combined, being loss of hash rate coupled with dumping, hammered the value and in turn reduced interest in iCoin.

Upon consideration, there appear three groups to target and attempt to capture their long term interest - miners, traders and consumers.

The consumer market is pretty raw at this stage. Let's face it, no one really knows what to do with Crypto Currency yet although the word is spreading that there is potentially some mechanism hidden there than could revolutionise global trade and finance in the future.

The traders are a mixed bunch; some are day traders, some have a longer term view. The bottom line is that all are looking to make money from this by whatever means possible.

Miners wish for a profitable return on their investment which relies on a value for iCoin favourably comparable to the hash rate. They also wish for there to be some longer term cushioning for their investment against newer, faster and more efficient technologies.

In the above three groups, there will be those that are supporters and those for which this is but a commodity. The trick will be in transforming those that want to make quick rewards into those that wish to support the longer term future of iCoin and so add sustainable value. A key part to that is increased exposure to more potential interested parties across any of the above groups.

With this in mind, perhaps a more multifaceted reward strategy is required. For example; a longer term mining reward lasting one week per month for the rest of the year there are random block bonuses awarded to those mining at 'official' pools. Couple that with perhaps a slightly cut back reward structure over a longer time period in relation to getting onto an established higher volume trading platform, Mintpal being the one identified by the community at this stage. Consumers and the marketplace are slightly harder to target; there the primary suggestion is one of active communication and transparency in future plans. Essentially, the more that iCoin is being talked about and positively marketed, the more likely it is that it will become less transient, find value in the marketplace and become established.

Of course, this all goes without saying that it needs the backing a strong team or community building on the base of a sound technical model that always has one eye to the future to ensure that desirable technical elements are included in an appropriate timescale. No small task in what is a fiercely competitive and emerging market.

Regarding CryptoRush, the ICN market looks to have been under maintenance for approximately the past 12 hours and looking over this now, it is not available to trade / withdraw ICN. If you still have ICN there, keep an eye on when it comes back and as Litesire suggested, may be worthwhile evaluating how comfortable you are leaving coins at CryptoRush at this time.

Hi Viberbass,

Just checked out Coinwarz and see that an alive exchange in Poloniex is now being used. Excellent. Hopefully this will help to give more accurate information to those who are considering iCoin.

 

If those speculative people are using Coinwarz to identify their mining choice, this might be effecting their thoughts.

iCoin is listed there against the exchange coinmarket.io that has been out of action for the week. This has two effects; the first is that it is showing a lower price than iCoin was last traded at and so impacts the value and rating, the second is that the perception may be that iCoin can't be traded as the exchange is down. Both may have a negative effect on the number of miners involved.

How does Coinwarz choose which exchange to use for price reference? In terms of those exchanges where iCoin is traded and there are other coins listed on Coinwarz using the same exchange, looks like the only one up there right now is Poloniex.

First one made me chuckle although not so sure about it's longer term value.

I can imagine more uses for the second and third videos. Looking good!

I also have just tested this. Faucet looks to be up and running.

In light of recent news with the exchanges and the fact that CoinMarket.io has been out of action for considerably longer than their initial estimate of 24 hours, just thought to share my experience of pulling coins from the site.

iCoin requested. Confirmed and delivered in approximately 2 minutes.
bitcoin requested. Confirmed and delivered in approximately 40 minutes.

As an aside, according to the latest CoinMarket Tweet they appear now to be testing the reworked engine. Perhaps in another 24 hours we may see this come back fully in a more stable guise...

Great new strap line there on the first post, clean looking website too. Keep up the great work!