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UPDATE: Legal Structure is proceeding nicely and should hopefully be complete within a week. While we wait for our agents to complete that portion of things, I have been working on getting processing set up. This is a bit complicated particularly when it comes to accepting credit card payments for Wankcoin purchases, but we are getting through it and see the light at the end of the tunnel. I’ll have a better idea as to which options we will be opening up with hopefully around the same time the legal stuff is complete. In regards to the WKC/Fiat exchange and what to expect with our opening launch. As a start, we will only be offering the ability to purchase WKC with fiat. We believe this is an important step for WKC as we need to make it easy for the general public to get WKC and spend it. This will be a fairly easy process where you click a button, enter some information, pay for the WKC and then specify an address to have it sent to. For people who prefer not to download a wallet onto their PC, we will be offering the option of having an online wallet set up at the same time, and with the creation of an account, any future purchases will have the WKC automatically sent to the wallet linked to their account. There will be processing fees associated with purchasing WKC in this way (and they will be made clear when purchasing). Supply for the WKC for sale will come from the markets, and the sale price for the WKC will be the average market price + the processing fees. We are considering adding the option to buy other popular cryptos from this service as well, and this may come at a later date, we are currently undecided. We fully intend on adding the option to sell WKC to the exchange, and eventually have it become a fully functional exchange as well. This becomes complicated as different countries’ regulations and anti-money laundering laws come into effect. We still need to do a bit more research into this and ensure we meet all regulatory requirements before launching these options. A timeline is currently unknown for this. Once we launch the ability to purchase WKC for fiat, I will be focusing on completing our Whitepaper and moving the exchange forward. At the same time, we are working on a project to make acceptance of Wankcoin easier for merchants, and once we are closer with that, we will begin actively pursuing wider Wankcoin acceptance. Should anyone in the meantime be interested in accepting Wankcoin on their site – this can be done (for example Crypto Sex Toys). An Unofficial Android Wallet is also now available – we’ve asked for some tweaks to be done to it, we will share a link for it soon. We are working on a fun blog site for WKC for releases as well as to showcase the awesome GIFs and pictures georgem has been making for us. This will be available soon and we will announce that once it is ready as well. As far as the coin code in general – we have been discussing some options to address the miner dumping issue. We are further looking into one option, and while I can’t say too much yet or promise anything, think: Earn WKC for holding your WKC. Some other amazing ideas are developing internally as well, please remember, these things all take time. And while we want to make things happen as quickly as possible for the coin and for the community, our main goal is to ensure things are done properly the first time.
are this giveaway still active?
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