Internet of Coins Update #16
Dear cryptocurrency enthusiast,
We thank you for your interest in our project, and all who already participated in our crowdfund. You are receiving this e-mail because you have either signed up for the Internet of Coins e-mail updates, participated in the crowdfund or have previously been in touch with one of our team members.
Developing our Hardware Node
The first prototype boards for the development of an open source Internet of Coins hardware node have finally landed on our development workbench. They feature a cool 2GB of RAM and quad-core ARM processor. Additionally, they will be outfitted with an embedded, custom-built and secure operating system, based on best-of-breed software from the Armbian project and using Debian GNU/Linux as a base. In the first instance, our Early Birds will be entitled to take part in the public beta launch for our node ecosystem. Stay tuned for more information on this amazing development in upcoming newsletters.
Virtual Machines and DIY
For those that are not so lucky to take part in our hardware node pioneer project, we will make Virtual Machine images available that provide a standardised environment from which to run a node on any computer that supports VirtualBox (an open source product made available by Oracle, originally created by Sun Microsystems). Of course, hardcore experts will be able to DIY (Do It Yourself) by cloning our node software directly from github, where the alpha wallet code will be made available around the end of the fundraising period and regularly updated as our codebase grows and matures. But for all those users looking for something more accessible, the Virtual Machine images will help to bridge the divide and get up and running with Internet of Coins in a hands-on approach.
The case of the missing PIN
We understand from people with Gmail accounts that our PIN emails, and in some cases our confirmation emails, are not arriving at Gmail customers. This is because Gmail uses excessively strict greylist filtering. In some cases, it may help to send a little test email to email@example.com and keep this email in your outbox, before you start the donation procedure. Then Gmail sees the address as 'whitelisted' because you have corresponded with it before. However, if you do not receive a PIN email, even after checking your spam box, please use 77777 as your emergency PIN in combination with Gmail addresses only. These donations will then receive extra inspection and verification.
In that case, be absolutely sure to paste the correct transaction ID, which is a 64 character long hexadecimal string that identifies your transaction. You can find your 'TXID' by viewing the transactions coming in to the blockchain address that you are donating to, which are listed on our terms page using a block explorer. For Bitcoin donations, for example, you can use: https://www.blocktrail.com/BTC/address/14aV8dULoL67i6xQncfmFsbFaEtpRKskC2/transactions and for Ethereum donations: https://etherchain.org/account/0x197a920123dda17040a065457ef0c01b28a54045#txreceived
In case of not receiving a confirmation email, we also recommend to make screenshots of your transaction, in case these may be needed in later correspondence. You can always contact us about your donation in case of problems. Please understand that we cannot give you a simple refund of any donation, since only the overseeing foundation can decide on individual cases, when serious error is involved.
The release of the tokens
There have been questions regarding where the HYBRID tokens are 'visible' and how donators can know where their tokens are stored. We build on earlier achievements, and hence the infrastructure to carry our tokens will be developed using the (crypto)currency that our supporters donate. At the present moment, this means your registration information is your ticket for our Fundraiser. Make sure to keep a copy of your PIN, the TXID of your donation, screenshots of transactions and confirmation, or the confirmation email. When the network infrastructure is functional, each donator will be able to create their own account on the newly developed system. This account will receive the amount of HYBRID tokens reserved according to the USD value of the donation at the time of participating. In the course of development, the network will be connected to different coins and token systems, as well as those included in the fundraiser.
Transparency of our fundraiser
You can check any of the blockchains listed on our terms page, to verify that the donated cryptocurrency will only be spent on project development, starting after the fundraiser period. We are proud to be part of an alliance with the Commons Conservancy under the reputable NLnet foundation, an official charity under Dutch rule of law, which guarantees that we cannot use these funds except for the purpose of developing the Internet of Coins.
HYBRID pricing schedule
The next price per unit increase for HYBRID is scheduled to happen on the 8th of June. Until that time the PPU value will be 1.85 USD, and after that it will increase to 1.925 USD when issued. Check our terms page for the authoritative schedule.
How to participate?
If you want to ask the team any questions, regarding the project, in general or about our fundraiser, please use one of these ways to do so:
Twitter: ask your question and mention @InternetOfCoins Log on to the chatpage on our website: https://internetofcoins.org/chat Via email: firstname.lastname@example.org
Or check out our Crowdfund Tutorial if you want to know how to participate with cryptocurrencies.
If you haven't received a mailing from us earlier and are new to the project, you can read up on previously published articles on our blog, join the Bitcointalk forum threads or our project website, especially the terms page for our roadmap and legal information. Or watch one of the presentations we have held at various conferences.
Ways to support
Like the project? You can help us out by giving it a Star with your Twitter account on Cyber Fund. You can also follow and retweet us at @internetofcoins to spread the word further. Want to be added to our Slack channel? Just reply to this mail with your request and we'll send you an invite. Once added, you can invite others as well.
Thank you for taking the time to read our updates, we'll be in touch again soon with our next newsletter!
Yours sincerely, Amadeus, George, Jelle, Joachim, Kirsten, Maria, Marjon, Matthias, Pim, Robert, Sergey and Steffen