ICOBID SOURCE CODE IS AVAILABLE NOW
Algorithm: Scrypt PoW/PoS
Block time: 60 seconds
Block reward: 10 ICB
PoW is forever (last PoW block is 100.000.000 means that PoW runs near 190 years)
PoS percentage: 10%
Inflation rate < 15% (10% + 10x1440x365/100.000.000)
Why do we choose Scypt PoW/PoS algorithm for ICOBID?
There're two main reasons. The first, we want the voting process on ICOBID platform will be built on a transparent, effective and secured cryptocurrency. The second, both miners and ICOBID holders who contribute to maintain ICOBID network will get a worthy voting weight in ICOBID platform.
Publishing ICOBID source, we would like to speed up platform building process based on the help from ICOBID supporting community. We have deserved bounty for any help and support.
20.000 ICB for a faucet
100.000 ICB for Android wallet
20.000 ICB for first ICB explorer
10.000 ICB for second ICB Explorer
Configure Your Miners
stratum+tcp://cryptominers.online:4013 -u YOUR WALLET -p x
Port: 4012, Diff: 8 Port: 4013, Diff: 256 Port: 4014, Diff: 18192
Happy Mining Payouts are every 20 mins after blocks has been confirmed
Our team could solve all products above; however with help from community, we will speed up the project significantly. All of bounties will be distributed after ICOBID ICO crowdfunding ends.
ICO-CROWDSALE OF ICOBID PLATFORM
I would like to introduce some information on ICOBID ico-crowdsale which will start next few days and run in four weeks.
80.000.000 ICB is reserved for ICO, 3.000.000 ICB for early pre-ico bounties, 2.000.000 ICB for ico bounties, 5.000.000 for early supporters, advisors and backers and 10.000.000 ICB for team fund.
There will be 4 ICB price levels:
200Satoshi for first 20.000.000 ICB in first week.
300Satoshi for next 20.000.000 ICB in second week.
400Satoshi for next 20.000.000 ICB in third week.
500Satoshi for last 20.000.000 ICB in final week
If all ICB of level 1 are sold out at any point of time in first week, price of level 2 will start right away for next 20.000.000 ICB and last till the end of second week. If all ICB of level 2 are sold out at any point of time before the end of second week, price of level 3 will start for next 20.000.000 ICB till the end of third week. The similar ICB distributing method is applied till the end of ICO.
In case 40.000.000 ICB are sold out within first week of ICO, price of next levels will be shifted as below:
600Satoshi for next 20.000.000 ICB and last till the end of third weeks.
800Satoshi for last 20.000.000 ICB in final week.
If 20.000.000 ICB of a level is not sold out in a week, ICB price of next level will still be applied in the next week. All ICB left that is not sold out during ICO will be collected and sent to a transparent address. We’re just able to touch that amount of ICB after a full functional ICOBID platform is deployed. We will consider to use that remain ICB for another round called post-ico crowdsale to continue funding for further ICOBID platform development. Example, if there’re 4.000.000 ICB left after ICO (1.000.000 ICB left in each week), they will be kept in a public address that anyone can track to ensure that we will never touch it before ICOBID platform is available.
ICOBID PLATFORM IDEAL
Icobid platform is in the progress of development. The initial coin offering - crowdfunding will be executed to raise fund for the big project. Icobid platform will be the place for anyone to join, share ideas, vote for best ideas and earn from opinion expression.
The birth and development of DAO - decentralized autonomous organization based on top of Ethereum are sastifying someone, some groups and some organizations in attracting investors. The concept of Vote, decentralized Vote from DAOs is being gradually popularized in the cryptocurrency world. Blockchain experienced people could understand the value of DAOs as well as know how and where to use them. However, others are still vague about DAO and Voting.
HOW DOES IT WORK?
I will explain in a simple way:
- You have to register an account at ICOBID page.
- If you want to publish your idea you have to spend 1 ICOBID
- Then your idea will be viewed on a page that collect the ideas from all of users.
- Now which idea that collects the most number of votes within a certain duration will be chosen for Crowdfunding through an ICO.
- Any ICOBID holder can be a voter and the number of votes that holders have is equivalent to their ICOBID balance. Voting will not affect ICOBID balance.
- The initial fund for starting the ICO for the idea chosen is from the total number of ICOBID that collected from all of the idea registered in that duration (Ex. There're 1000 ideas, there will be 1000 ICOBID collected.)
- A token will be created and will delivered 100% to investors of that ICO.
FIRST TRAIT OF ICOBID PLATFORM
WHO WILL BENEFIT?
- There're a huge amount of great ideas that are never come true. If those ideas have a great support from a large community all over the world, It will be more easy to be done.
- ICOBID will be the initial fund for any project. Futher fund will be collected by crowdfunding though perform an ICO.
- ICOBID holders will benefit from their voting. Which vote leads to the wining of the idea will be paid by shares from the ICO fund of that idea. After each ICO done, the ICOBID value will be increased significantly.
WHAT IS THE MOST IMPORTANT FEATURES OF ICOBID PLATFORM?
- Idea Voting Page
- Exchange page between ICOBID, fiat currencies, cryptocurrencies and tokens of ideas.
- Job Page: Same to a freelancer site.
- ICO page: Escrow, running ICOs, Tokens publishing.
Team grouping: Before september 20th.
Pre-ICO: before october 14, 23:59 EST
- ICO crowdfunding: Expected to start soon
- ICOBID platform launches: december ending
ICO Escrow Information
Please check to ensure that your bitcoin address for payment is found in list of escrow addresses which is provided by Dabs
List of Escrow addresses:
Confirmation by Dabs here: https://bitcointalk.org/index.php?topic=1605034.msg17038362#msg17038362