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Author Topic: [ANN] Titcoin [TIT] - Pre-Launch Announcement  (Read 2883 times)

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[ANN] Titcoin [TIT] - Pre-Launch Announcement
« on: January 28, 2014, 03:04:24 AM »
Titcoin [TIT]
Pre-Launch Announcement

Yes... another Bitcoin clone, but one with a purpose. Titcoin was developed to specifically cater to the adult entertainment industry. We realize Titcoin was an idea loosely spawned many months ago by various individuals in the public forum. We've simply taken this idea to the next level and created the official Titcoin wallet for mining and currency exchange purposes.

Foundation:
We are a group that consists of financial services, technology and marketing professionals. We're excited (as you are) in the prospect of an open exchange currency untethered by government regulation and high cross-currency transaction fees. One of the biggest hurdles facing cryptocurrencies (including Bitcoin) is demonstrating real value outside of speculation and future adoption. Our aim is to create value in the currency before Titcoin is even released to the public. This involves generating support within a specific industry (the adult entertainment industry in this case) which in turn creates the demand for Titcoins... which in turn creates value. The following article best captures this philosophy:

newbielink:http://betabeat.com/2012/01/titcoins-what-porn-can-do-for-bitcoin [nonactive]

Strategy:
In order to realize the goals of Titcoin, there is one critical group of participants that is needed.

Businesses in the Adult Entertainment Industry
We are seeking owners and operaters of adult-oriented entities including website owners, adult novelty stores and transaction processing companies. As an incentive for promising to support Titcoin in the future as a method of payment, these businesses will get pre-mining access (see below).

To inquire about joining the Titcoin launch, please contact: titcoin [at] prurient.com

We strongly believe that once we secure members in the above group, the value of Titcoin will be established well before it is officially released to the public.

Launch Timeline:
No exact launch timeline has been established while we first secure support from members in the adult entertainment industry. If all goes well, we can expect an official launch by the end of February or early March 2014. As we eventually secure a solid group of participating adult-oriented entities, the pre-mine and launch rollout will be as follows:

Stage 1: Pre-mine period for initial investors and backers
Stage 2: Pre-mine period for supporting businesses in the adult entertainment industry
Stage 3: Two week soft launch to members of the cryptocurrency community (that's you)
Stage 4: Official public launch via paid advertising, social media campaigns and launch events

Note: The exact duration of the pre-mine periods are still being worked out. It might only be a few days since the last thing we want is for the eligible pre-miners to blow out the difficulty level before the public launch. But we also want to make sure the eligible pre-miners earn enough to become vested in the long term success of Titcoin. We'll have more clarity in the coming weeks.

Future Initiatives:
A currency launch is only the beginning of the process. Our plan for the future is to work with established currency exchanges to accept Titcoin as commodity. In addition, we are in the early stages of developing our own transaction tools that allow adult-oriented entities to accept Titcoin as a form of payment.

==========================================

Website:
newbielink:http://titcoin.prurient.com [nonactive]

Contact:
titcoin [at] prurient.com

Social:
newbielink:http://www.twitter.com/OfficialTitcoin [nonactive]
newbielink:http://www.facebook.com/titcoin [nonactive]

Specifications:
Symbol: TIT
Algorithm: SHA-256
Block Reward: 69 coins
Block Time: 5 minutes (300 seconds)
Total Coins: 69,000,000
Retarget: Every 2016 blocks
Halving Interval: 500,000 blocks

Downloads:
Coming Soon

Configuration:
Coming Soon

Pools:
Coming Soon

Exchanges:
Coming Soon


 

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