Launchdate: 15th august 2014 - 02:00 PM  (UTC)
Voting!!! - PLEASE POST WHAT ALGO YOU WOULD LIKE TO SEE: SHA256 OR SCRYPT?

Voting!!! - PLEASE POST WHAT ALGO YOU WOULD LIKE TO SEE: SHA256 OR SCRYPT?

I am announcing my cryptocurrency project named "RootCoin" [ROOT]. This is just an (my) economic/technical project/experiment. 
Please inform yourself about cryptocurrencies and their risks before making any investment (money, time, hashingpower,..).

RootCoin is in final development stage. This is my first own cryptocurrency-project and
i am going to do this as a fulltimeproject by myself. I ve been involved in a couple of altcoins and
also did/am doing a lot of contract based work within the cryptocommunity.

IRC: #rootcoin
Chinese QQ Group: 385168018   |   310988665
http://forum.rootcoin.co/
https://twitter.com/Root_Coin

RootCoin will be an oldschool SHA256 OR scrypt PoW/PoS/PoI coin with a 4-stage-distribution model: 

Stage 1: Proof of Investment
Stage 2: pure PoW -> first 10 days will be pure PoW
Stage 3: hybrid PoW/PoS -> 2 weeks will be a hybrid PoW/PoS stage
Stage 4: 100+ PoS  -> after that the PoS system will be generating blocks for +100 years


Specifications:
algorithm: scrypt or sha256 (community voting)
blockreward: 5 ROOT
total coins: 3 million coins
blocktime: 5 minutes
PoS reward: 3%
rpcport: 27377
p2pport:28388
qrcode support



i will reserve 33.3 % of the total coincap for an 1st preinvestment-stage which we call Proof of Investment. 
200 investment packages, containing 5000 ROOT will be sold for 0.25 BTC each, representing 0.1665%
of the total coincap per package and generating a total amount of +50 BTC. The last 50 packages will be 
sold for +50% of the initial price to provide a benefit for early investors.
90% of this funds will be transfered into an public wallet and only used for project-related investments.
10% will be used for the dev-team.
The Proof of Investment stage is performed public in this thread (escrow accepted). 
If you want to join the initial distribution of ROOTCOIN please drop me a message in this forum or through e-mail. 
Anonymous investment also possible. The rootcoins will be delivered as a private-key or wallet.dat a couple of hours
before official release. I can also transfer the coins AFTER the official launch to a provided ROOT-address.

Due to high demand and multiple requests we decided to launch a 
2nd Proof of Investment stage with 100 packages.
The final specification is: 50% PoI, 30% PoW and 20% PoS

UPDATE: 2nd PoI stage launched: 14/100 packages available for 0.5 BTC each

Reserved:   85.3 packages =  426335 ROOT =  42.6335 BTC
Available:  14.7 packages =   73665 ROOT =   7.3665 BTC

investors list: (2nd PoI stage)

zan1,        1.50 BTC
anonymous,   3.00 BTC
MaxOnBit,    0.7574 BTC (f68d6079ead038a76c0929e52ee5f3bf57116c706d38fe50270c6141fc5a03ef)
Saberu,      0.58 BTC (489acd3b6f9ee487ff65fa15436fd6cc2bee09b60f530512b36889d5422be4ad)
anonymous,   0.50 BTC
enunrom,     0.25 BTC (0e59aa2f33a1c059b2420650bdd3ee773218ce64342801dcb000d798b81452a7)
anonymous,   7.00 BTC 
anonymous,   5.00 BTC 
anonymous,   8.00 BTC 
anonymous  , 0.50 BTC (85e5e2d8669fbda670208ea63dd17220287215fd30c91d28b865b654f291f061)
MixPioneer,  1.00 BTC (d7e03de67f37ba268211e854e8bf7c1a17b6d5462b6d4d1f1a244b0e59b6ba32)
BTCspace,    6.00 BTC (61b011c2818fcb292ac06f4c7d9eb834ac35d8e8e952bd8d4abdbd8e5f7be6c9)
enunrom,     0.25 BTC (878fc53f6d4fbec5967f970eb197f23d49a4117ebceb4d7e0eb8da2ef7990ec1)
damiano,     1.00 BTC
saberu,      0.22 BTC (aa4ebfa036846c72332b5fde46b6378cb0658ce125f8d361b62515541698bc85)
qtgwith,     4.00 BTC (0f3c91651c7f14ae385986848ddf723246522b79244c7cd0c84c5f7a89879372)
anderson705, 0.7021 BTC (ea99ed03e833fb8eb780ace9d3993961b7b06a74853ac5b53d88f19c5e1a2616)
tobeaj2mer01,1.00 BTC (a433c510705173500d43fa1e25b822ef99f7f79e0001cbf8113a18379c7e5773)      
Primitive,   1.00 BTC (32981796fb238141daa1f7a7b736ccdb0ef404469e12108480f16dde6d1c8378)
anderson705, 0.374 BTC (cf51fb9f9f2c93d825ba28910cb6bfd85d963d4665d4ae688ba7746d2b775fa2)

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

this is the BTC address for the investment payments:  

1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa

regards,
bitsta
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2.0.25 (FreeBSD)

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MaXYxsEakiPeqOWAPabjEyT4cubnaahgm/zLseUEfXccFNfbi3HjTwp7qO2AoxBY
SL1Iw5FI64ESU7Ct2NDeqP/yxUtFO1Tx4kFOXgtleZQCxzMevRjZbjJzjUtKTE+X
HZhFgIcxF81InvrLnL0VUMLr3MWWhhii0VQIW6FaD8cc472+UEHWMdLoWVS1+aV7
xeab2NKVnMamUcQ9H2yXlKIY/uCNoFRO26Z0wBxefmXfOM7jdj2BlJb+uISNfwK1
1RmqbxL265ym77dS3NXDPYvHUPl1eass1x5a4sFYGsRULOZEWMcoR6496htXQ/4=
=NPwo
-----END PGP SIGNATURE-----


investors list: (1st PoI stage)

TrollboxChamp, 4.00 BTC (69b483af810459edf2d106e94e60526110177ea86e549f2c46d7885e670886f2)
t95,           1.00 BTC (d43e551fec5dc836713ffdc805054a980b5b78c221a3f056a103b9e6c47c5045)
Vampiro4L,     0.50 BTC (c8c0d93efbebbc714c0db0518034142cbf3093fd41108e8f6f9846ebf925cbdf)
anonymous,     5.00 BTC (7f1529273daec35ddb97d89081e8f7cd44a2af734fff5d5f0ac07f4f89345e0c)
anonymous,     1.00 BTC (18d086a12de11cb461df158f06c85ac3b135461b98dcd979c7d6a71bd13b5398)
xinweiwei,     0.25 BTC (a7954d062b607b14c7db91da3385402766fda8d3401def1f79c252370c7295fc)
Cornett,       1.00 BTC
anonymous,     2.00 BTC
jonni21,       0.25 BTC (62ad2990194e79e0740a05077b641ce83f761e6d6c044dbd9cf98a75539c199b)
Eleonore,      0.25 BTC (e9373c65a18016c4b13f5167b436ac5843cc8e76ccab075341ba8992c16cafe7)
deceit,        1.00 BTC (5a0b1e2786cccb90e3708981507d76131e443f8d7e56ce5bb60192009ba6b1b3)
btminer8,      1.00 BTC (283723ce502a4a4cbac3e6f80e3b7d68887b3136871018881526863d7935988f)
anonymous,     0.50 BTC (5fd32adb08e86b9429f0c54ee564dd8e05d01fdc917e4a6bdb14b826c5c85863)
eastwind_ja,   0.25 BTC (7ec00187ee073f8a42843076d2119ae3a056b53987d87bf3ebfe5f853ae16fb7)
studio1one,    2.00 BTC (ccaef5cd8ff630bc9de55b2bf64ce9e79270b2813eb6cdd9b993b9f65acbf74c)
Nutzfleisch,   0.25 BTC (b0dda5a4bf90f409fef4a957762031c4849f62fd04e0d218d6950728dbdb369c)
jonni21,       0.25 BTC (f9849f934487eb6d371cb14020ff1fcf3b4512d4c5f8ba7a138b587c2ed81d18)
anonymous,     0.25 BTC (eb49cf9df30d09d3f567ffb17501a5977b57972d134d9c7f5376f036f73046bb)
TrollboxChamp, 1.00 BTC (859f03be9c763410b5d35b2974cf5f5b0636de1ac04ad8da91ea7c864dcbd48e)
Collegestudent,0.93 BTC (9e7381920913c11ecbebb298845ebb9bcc57eeda5bd75b60ece38c52e9d94a0d)
Collegestudent,4.07 BTC (c08237ac37b0af19dd1ffd23a85e9f1af05ac49bce11e72029a263ec96179be4)
drippx,        1.25 BTC (910b5a4cd982014ebaa702da0c0f5af7d2baa1ad00e08b2fbd64466d41fa1e3b)
viperbite,     0.50 BTC (9cb1b61c27c9c45bab2e48f50ac50e6628449dfb5762adc0102bcd7c0ee1727f)
shadowduck,    2.00 BTC (3ed521df5ea3103e525707a22be402075a93008b67ed55b3f376ddad5c451a7f)
pigheadbig,    1.00 BTC (677e1d1ed61af40b0b91cebe955c98c1473d8993690493e839e33f390734c8e9)
daxiake,       0.25 BTC (897b91ee62c9028986e7d4436a5155febb29b7b9ae793abf83b503603faeec21)
daxiake,       0.25 BTC (c0dc13480f45e978d426b4a85e2e1574cf5f4837a3b1ce0422f7435f9abe0823)
r95222,        0.50 BTC (3e1475f50178013f8530df923022f203a801622daab036e2c2963a2b8bb0e916)
saberu,        0.25 BTC (2296817b7df8b8ddb3b978330ca6073451420d678553e130502cb3fe70a16ae0)
leozhenping,   0.50 BTC (2f1d29c75bf7a6ef4565f460bcbd1598ae3f210e1a29ba297133f21e7bd34f9e)
iZzZ,          0.50 BTC (f9c4c90886c6693d22da91033678c42738e5523f4ed5bfe4870542ab78a5ea90)
leetrump,      1.00 BTC (c2bb2653476a3544d2640a7de48b1f853457b41513dcb49837bced57d03d8aa7)
cyberhacker,   3.00 BTC (9449e9dfdfb6b41fb1021dfa8b4d12f350da9618e77945eabbd41f63f6795653)
aa417444103,   1.09 BTC (45927bd28740581bbaf0a61220f15dea3544a1ddadc894f06d452ce6452aa2c8)
cawson,        1.30 BTC (7db7618fb20a7083a1c8e1331ba887edd5383166552154fe1925a43c65af43fb)
cawson,        0.20 BTC (b9351fa12483fb690ece13508c5aa1c6b0ee33f1b97ae83bab0b0c387ce4df05)
huanghao2008,  1.00 BTC (b6ea23370c883a81761bd9c500d87094fd79644681b3434d6043922efeae69b9)
huanghao2008,  1.05 BTC (ff35338347a137ad2f4f16790b208b5c0bf23bbb05437a077d74d834b086aa28)
oilgoose,      4.00 BTC (f93be73ff44911adb1d0972d06bd1ffd634121ff3a8cd0f70cbe5ee0637f507b)
liyuxuanfc,    0.25 BTC (83f2ee198649d7173c14d630b2ed77feaa82745b7d05d1e4890538a21011afb8)
zifcom,        1.00 BTC (f8c4f8535b1dce1542a7e03078614f11ce77cf1e87c3461faf76305a0455878e)
crimealone,    0.50 BTC (0590dc0a3c7fc32841496f738e1e17e778781448a290187fc9e53e4a36c670e2)
mingzi1521,    0.50 BTC (8ba61abb47f3f064053102b7495091046221eb95e72c7f112a678005663da80d)
robinf,        0.50 BTC (6709a49caa2ad957d9a545ac84064312469ca946a8ea412dde80de7de0282617)
Lpingui,       1.50 BTC (55be29f4b0efdfd88334226ccc4c6ff02096729dea2cd0743256422ccde60eee)
a7594li,       0.50 BTC (e1bed57b12380134d853acda7dff3c5ecb67275964cd74ddb1f73929f7332184)
aigareth,      0.50 BTC (d4d2ca03e7aaddb0eb04437a278f4ee7758469aa9a48920920195061aaecb630)
stoneone,      0.25 BTC (1a94fbf420c6971c42c0568347cf653d5c0b20e25eb2e38abb4bda987a0289d6)
spring.yu,     2.00 BTC (7815981d99dcac9918b54cd6dbb5d9d85b852e984da57ac68e11a9a0316e152b)
ning_aric,     1.00 BTC (389bb45e6261fcc81f65b958c19cb5d87944c431dbfbcaeb255b6b96716a5344)
mydearvoice,   0.50 BTC (c1644bbef79fb347121931cb38caad74e6ee1e563665d94e19f1ae05c100706e)
qwerty923,     0.40 BTC (30ea3dc7d82966b0e6d0acc2e06ee1880cea88963ac405412c39fd2b43f0d917)
jioy,          0.50 BTC (becd695d307fa7e43bd36e24299fccbc2c721150141b44c4f821d5ec0bdb9918)
U,             0.50 BTC (ff87abe033ce95a0a5fddf401a4c4e03c9a1aac75fd0ababbbe42e05a3abfba7)
tobeaj2mer01,  0.75 BTC (cb57c6812c6257a9b4b09d0facf4eaa13ef056667e62aa400435388032ea060c)
loveyouforever,0.50 BTC (142ef3fb8ac7ded2e4db330138537eba9d3587efd9a78a9905734c1869c7e9de)
jioy,          0.0098 BTC (91b499638527e9bc8148cc36b518d5588f428b6810895cb8707ad8146f7bfc7f)
wwdz99,        0.2500 BTC (8918ff4a52678353a4450be4e009ee2065e7bc117683e6e4a33c2ffe0b57cc74)



-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

this is the BTC address for the investment payments:  

1K9VsgtUXDaYNbJCVuH6nRtNvSZfTqmTCa

regards,
bitsta
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2.0.25 (FreeBSD)

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MaXYxsEakiPeqOWAPabjEyT4cubnaahgm/zLseUEfXccFNfbi3HjTwp7qO2AoxBY
SL1Iw5FI64ESU7Ct2NDeqP/yxUtFO1Tx4kFOXgtleZQCxzMevRjZbjJzjUtKTE+X
HZhFgIcxF81InvrLnL0VUMLr3MWWhhii0VQIW6FaD8cc472+UEHWMdLoWVS1+aV7
xeab2NKVnMamUcQ9H2yXlKIY/uCNoFRO26Z0wBxefmXfOM7jdj2BlJb+uISNfwK1
1RmqbxL265ym77dS3NXDPYvHUPl1eass1x5a4sFYGsRULOZEWMcoR6496htXQ/4=
=NPwo
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Launch: On the launchdate ROOT will be ready with wallets for OSX, LINUX, WINDOWS. ANDROID coming soon.
Blockexplorer and official mining-pool will also be provided at launch.



innovative anon-tx feature: BitKey™
RootCoin will provide a totally new and unseen anonymization technology. The new RootCash™ system
is in final testing stage and it's wallet implementation (beta-version) will be released 2-3 weeks after launch.
BitKey™ is going to be an secondary channel for transactions. The idea behind it is that an anoymous transaction
won't be an transaction which is traceable through the blockchain. Example: you want to transfer 100 ROOT from A to B.
Client A will automatically transfer the coins to an public address and then send it's encrypted private key with the 
100 ROOTs to client B. Finally client B will have received the coins from client A without making an real transaction. 
Users will be "identified" through a public key and a boradcasted RootCash-index with all clients/keys. 

WHITEPAPER:
http://fresnostate.edu/webresources/images/128x128/128x128-pdf.png

economical feature: BurnPool™
BurnPool™ will be a new kind of multipool. Users will be able to choose between two mining-options.
First option will be payout in RootCoins. Second and NEW option will be to multimine RootCoins
which get "burned" automatically by transferring them to an "proofen unspendable" public-key. 
So with this step coins get burned, the coincap minimized and the value higher. 
 

BOUNTIES:
Translations: 0.01 BTC per translation (translation has to meet our basic requirements)
Articles: 0.02 BTC per article (article has to meet our basic requirements)
Website: 1 BTC (incl. domain, hosting, unique content) - [work in progress]

We are hiring a JAVA/JS/AJAX developer with min. 3 years work experience.
Please contact me for more informaitons. (This is a fulltime position)