Archived Website – Information as of February 16th 2014
IPCO is closed.
Reddcoin is a big project. We still have a lot of work to do, but we believe it could give tremendous results. From now on and for a short period of four weeks, we are giving you a chance to own a part of Reddcoin.
Reddcoin will be 5% premine and the full amount will be distributed to IPCO (Initial Public Coin Offering) investors. From a total of 109 billion coins, 5.45 billion will be available to IPCO investors. To make sure we don’t crash the market by releasing all those coins at the same time, we will distribute them to investors during a period of 90 days.
We need your help to fund this project. This is why we have created a payout formula that will reward our top investors.
First, we need your investment rank (x). This is where your investment is ranked on a scale from 0 to 100 compare to the other. Our bottom investor will get x = 0 and our top investor will get x = 100.
Then, we take your investment rank (x) and we calculate your distribution coefficient (y). It’s a simple formula that will give a better coefficient to our top investors. The value’s goes from 1 to 8.448.
To give you a better idea, here is a graph of the distribution coefficient formula.
Once we have your distribution coefficient (y), we calculate your shares (z) using this formula.
Finally, we divide your shares (z) by the total number of shares to get your percentage of the Reddcoin distribution.
You can consult the final IPCO investments status in our live IPCO result page.
IPCO investors will be rewarded in two stages. Stage one will close on February 1st at 11h59 PM PST before Reddcoin is released. 2.2 billion coins will be awarded to IPCO investors according to the amount of shares they own at this time.
Then, IPCO will close with stage two on February 15th at 11h59 PM PST. This time, 3.25 billion coins will be awarded to IPO investors according to the amount of share they own. Investors who got in stage one stay in stage two.
Every investors, stage 1 or stage 2, will receive their coins during a period of 90 days after IPCO close (1.111% per day). This is done to protect the market.
If you have any questions, feel free to contact us.