I am not admin/developer!
New crypto-currency - eXocoin (EXO).
I am a proud to present you the next generation coin eXocoin
Take a deep breath and start reading! It's worth it. Not another copy clone. 100% from scratch with innovative elements. Written in C++11
hybrid PoW + PoS System (IPO + free mail give-away + mining)
http://exocoin.org/images/logo.png
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Developed from scratch! Not a single codeblock stolen or cloned from any other cryptos or somewhere else. It will be developed using C++11 and MinGW (cross-platform compiler).
eXocoin will be spread partly among investors. But even if you are not willing to participate in investing BTCs or LTCs at early stage - you can get your way into our coin, as well:
Several ways to become a stakeholder of eXocoin (currency abbreviation EXO)
A) Early-bird investor: CLOSED. Please do not invest anymore as early-bird.
B) 2nd-stage investor: 2nd stage investments will start after the start of the open beta. See timeline below.
C) Mining: There will be room for mining as well! This is a PoW + PoS combined crypto coin. Mining will start some days or weeks after investors will get there coins just to get a smooth and step-by-step launch.
D) Free e-mail give-away! Simply register on exocoin.org. Afterwards apply for the give-away by visiting this link: give-away application. Only serious bitcointalk profiles are considered: Your account must exist before 23th of January 2014 or you need to have a minimum activity here on bitcointalk until the launch (some days before launch all applications will be verified automatically. Please do not ask for confirmations yet).
E) Trading: no exchanges so far. Of course you can exchange p2p on bitcointalk or elsewhere right after the launch.
4% super block: given away 100% for bounties and donations!
There will be a total of 100,000,000 EXO after mining is done. Mining will be completed within six month. So at launch there will be 50,000,000 EXO and six month later 100,000,000 EXO. No more can ever be made by anyone. No inflation can happen. Due to the fast end of mining it is expected to get a higher price per unit at the end of 2014. Also, no ASICs will be build for this coin.
Of course you can consider to go more than one way. However all your investments may not exceed in total 1.5 BTC or 50 LTC.
You can donate only values between 0.005 and 1.5 BTC (0.2 to 50 LTC) [2nd stage: 0.02 to 1.5 BTC, no LTC investments possible]. We do not want any larger stakeholders as its the case in the NXT community right now! We want to spread and split EXO as much as possible among the community! With the upper cap we want to encourage smaller investments!
If - by any reason - this project is about to die: You will get a 100% refund of your investment.
We really hope to get the eXocoin alive as a long term coin. We do not want to create a pump&dump clone like those that are everywhere right now. A widley spread initial handover (achieved by the 1.5 BTC / 50 LTC cap) prevents from someone (and from us) dumping large amounts of EXO once it hits an exchange!
The source code will be release after the launch [partial sourcecode here: http://wiki.exocoin.org/Sourcecode
Mining will start really smooth and fair. There will be empty blocks at the beginning so that there is no need for a hustle on launch time. Just take a cup of coffee first and then start your rigs ;-) [empty blocks will be there for about 1 hour].
You can use an escrow service! See below for details. We cannot think of being more fair :)
Mining- 6 month mining frame
- No ASICs will be involved ever in eXocoin (mining frame is too short to produce an ASIC in time)
- fair launch - starting with empty blocks
- GPU friendly
- saves procentually more electricity the more hashpower you have (more information about this soon)
- no premining
Risks
- Someone could steal all investments: This is not likely to happen (highly secured offline wallet and backups)
- The project will not launch. This is not a risk at all for you since we will refund 100% of your investments in this case! We do not want to make quick profit with a coin (otherwise we would create a pump&dump coin in one day or quicker). We want to change the crypto-scene. We want to be the next gen crypto (I would see this as 2nd gen).
- for sure there are more risks to be concerned about ;)
NXT vs eXocoin
NXT has already launched and has much talking about. No doubt. eXocoin is not a descend or clone or anything related to NXT. Its coded from scratch. There will be features that NXT do not have. And it will be fully open source one day. You cannot be 100% sure that NXT do not have a hidden trap in there current binaries or something.
We don't want to blame NXT. It has great innovation! What we are concerned of is that about 75 people are holding the vast majority of the whole crypto. That is what we want to change with eXocoin. The wider it spreads the better! Preventing pump&dump from a single individuum to crash the exchange rates to 0.
NXT does not have a mechanism to prevent typos in transactions or to detect swapping bits in transactions. eXocoin developer will invest a high amount of time to make transactions safe! Typos will be detected as well as swapping bits within network or computer layer. You do not have to remember an address of someone. You can register, buy and sell aliases for them decentrally!
Feature list
- basic wallet GUI and commandline-tool , account overview, send and receive EXO
- block explorer integrated
- register, sell and buy aliases within the client (decentral, p2p market integrated!)
- chat system: chat with any alias/ account you like decentrally
- attach messages within a transaction (e.g. a reference id etc)
- auto-update (can be turned off in option menu if you like to compile it yourself), enabled by default
- highly secured transactions: error correction, detecting swapping bits (and more in whitepaper)
- secure wallets: Using a random file (created by the gui/cmd tool) or a file of your choice (image, sound file, system file etc). Only you should know what file is needed for your authentication. Then you could store your 10,000 photos from your last holiday on an usb stick. Only you will know what special picture will unlock your account!
- News about eXocoin development, announcements, exchange rates etc will be provided within the gui/cmd tool. If it comes to decissions that will affect the whole community (new features), than you will have the opportunity to vote decentrally within the client for or against an idea and see transparantly the results of the vote.
Extended feature list (planned to be integrated on launch day, but will not delay it)
- p2p decentral exchange within the GUI/cmd-tool! [BTC <--> EXO only] with anti-fraud protection for both parts of the exchange!
- more will be announced in the whitepaper.
Investment
early-bird investments: CLOSED
2nd stage: scheduled to start on 2nd April!
To make this transparent you can observe all investments made anytime online:
http://exocoin.org/index.php?s=investments]view investments
Addresses for 2nd stage will be delivered on time.
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On launch day every investor will receive an email with further notice. So it is essential that you and only you have access to the mail account you provided us.
Escrow ServiceYes you read right! We do accept escrowed transactions! You send your bitcoins/ litecoins to a trustworthy thirdparty organization of your choice (you can use bitcointalk members as well). There is no disadvantage for you over the direct transfer to our address except that you have to handle the additional fees for using the third party service!
See this section on our website for further details: http://exocoin.org/index.php?s=about#escrow
Timelinehttp://exocoin.org/index.php?s=whitepaper
Status
basic client/network functionality: DONE
website: Online, in steady progress
running testnet: Online [alpha version right now]
whitepaper: released! (final version): http://exocoin.org/index.php?s=whitepaper
Social
Twitter: https://twitter.com/eXoCoin
Website: http://exocoin.org
Website: http://exocoin.orgQuote:
As stated - nobody can guarantee this will be a success, however, we truely believe that eXocoin has great potential and it will provide essential and new features. It is developed by several good software architects and programmers with university degrees in IT that are very familiar with C++11. C++11 will ensure high client speeds. It also will run on any windows vista or newer computer without any additional software (like java would need). It will not need .NET installed.
We will refund all investments back if this project will not launch. The investment will go to a BTC (LTC) address on a highly secured computer - running a light linux distro, freshly installed, nothing else on it, just the encrypted wallet! And a backup on three encrypted sticks in a safe.
There is no premine for the mining part! We as the developers will only have your investments as a payment for our work. We will invest with our own bitcoins like anyone else can do as early-bird investors at max 1.5 BTC / 50 LTC!
Please share your thoughts. Good suggestions are always welcome. Me and my team will do the very best to get eXocoin working - to have a smooth and fair launch and to keep it longterm as a real next gen crypto. Not a pump&dump action. We want to change the crypto scene permenantly!
#update: To ensure that early investors (who are facing higher risks) will get more EXO for 1 BTC than a later investor for 1 BTC* the following mechanism will kick in in the unlikely event that this will happen
*if way more investors decide to invest at stage 1 rather than stage 2
