Total Members: 14197
Posted by: devnullius
« on: 05. June 2014., 13:47:46 »FROM: https://bitcointalk.org/index.php?topic=633914.msg7060586#msg7060586
Millionaire Coin (MIL)
Millionaire Coin (MIL) is a coin for the elite. As the name suggests, MIL will have just 1 million coins in the POW phase and will then have a nominal interest rate of 12% per annum in the POS stage.
MIL launch will be on June 8 at 2:00 PM EST. Countdown: http://www.timeanddate.com/countdown/generic?iso=20140608T14&p0=250&msg=Millionaire+Coin&csz=1
Official Exchange
Poloniex (who is also handling our IPO) will be the ONLY exchange MIL will ever be on. Others might add it since it is open source, but we will support only Poloniex as the official exchange since it has proven to be good enough to handle any kind of volume without any issues.
Real-time USD Price
http://crypto-prices.com/MIL
IPO
To provide for continuous development and to continue supporting MIL, it is imperative that we have an IPO. We will try to be as transparent in how spend funds and would thus want to declare approximate allocation of the IPO funds:
1) About 30% will be reserved for continuous coin development
2) About 20% will be reserved for marketing the coin
3) About 15% will be reserved for paying for developing services like Android wallet, Online wallet, etc.
4) About 15% will be reserved for offline marketing
5) The remaining 20% will be reserved for any unforeseen expenses that might help the coin.
19.5% of the coins will be set aside for the IPO and 0.5% will be the premine for bounties and giveaways. The only way to invest in the IPO is via Poloniex. Just follow the link below and buy any amount of MIL available at the fixed IPO price of 0.000565 BTC/MIL.
https://poloniex.com/exchange/btc_mil (Active Now!)
The IPO will run for 1 week and end on June 7 at 6:00 PM EST. If we do not sell out all the coins, any remaining IPO coins will be destroyed. Also note, the above mentioned allocation of the IPO funds is in the scenario that ALL IPO COINS ARE SOLD OUT. If not, then the allocation might change.
Millionaire Coin Specifications
Algo: X11+POS
Max coins in POW stage: 1,000,000
Block Time: 30 seconds
Block 3 - 100 Reward: 0 MIL
Block Reward: 20 MIL
Total Number of blocks: 40,100
Difficulty Retarget: Every 5 blocks
No Block Halving
POS: 12% Annually
Min Stake Age: 3 Days
Max Stake Age: 180 Days
Coin Maturity: 50 Blocks
Minimum Transaction Fee: 0.00005 MIL
BountiesBlock explorer: 30 MIL"dasource"
Android Wallet: 300 MILFirst Pool: 30 MIL"JohnDorien"
First 5 Multi-Pools: 200 MIL each
Any innovative/unique service: 500-1000 MIL (maybe more, depends on how unique your service is)
Merchants
http://bitscoinshop.com.br/en/ --- Enjoy special discounts when paying with MIL
Translations
Chinese: https://bitcointalk.org/index.php?topic=634167.msg7064524#msg7064524
Pools
milbe.cipherpool.com
http://mil.cryptopool.eu
http://mil.pool.mn/ (0.99% fee)
Multi-Pools
Soon…….
Wallets
Password protected Windows/Linux/Mac Wallets will be available 30 mins before launch.
Source Code
Will be available at launch
Facebook: https://www.facebook.com/pages/Millionaire-Coin/784585554893976
Twitter: https://twitter.com/MilCoin
