I have received several requests over the past few days to take a look at RosCoin. Even though this altcoin is still in pre-announcement stage, it gets a lot of attention it seems. Guess we should find out what makes it so special, huh?
The reason why I generally try not to talk about coins in pre-announcement stage is because it’s hard to give an overview of what we can expect. However, some coins did manage to pique my interest, and so far, RosCoin is looking quite interesting as well.
As with most coins who are in pre-announcement phase, RosCoin is also organizing an ICO. Not through an exchange, like most other altcoins would do. Most importantly, it’s not even that expensive to take part, as all of the 40 million coins will be sold at the price of 50 Satoshi per ROS. It is quite refreshing to see a reasonable price to be honest. I ould like to point out all ICO funds is held by a Senior Member of the BitcoinTalk community. (profile)
So far, a little over 1 Bitcoin has been raised during this ICO, which is far less than I would have expected to be honest. It takes 20 Bitcoin to own a quarter of the entire coin supply, and at this point, I’m actually tempted to kick in some funds. At the price of 50 Satoshi per ROS, there is plenty of room for profit and little room for losing money if you ask me.
Even though 40 million coins are reserved for the RosCoin ICO, this is only 25% of the total supply, as there will be 160 million ROS available. One million coins are being used as pre-mine, which is, among other things, being used for translations, hiring a marketing leader, and the development of a multipool.
In order to ensure a fair distribution of coins, RosCoin Twitter followers will receive 100 ROS each. If you are looking to score an additional 500 ROS, simply change your BitcoinTalk signature. I gave them a follow on Twitter for news purposes, but I’ll gladly take 100 free coins!
A development roadmap for RosCoin is available as well. Stage 1 is the launch and release of the wallets, following by promotion/bounties/launching the website. Oddly enough, exchanges is only stage 6, which kind of surprised me, but in a good way!
Three main features have been announced for RosCoin so far. Anonymous chat, which is a pretty common feature in altcoins these days, will be released first. Up next is RosSend, which allows for anonymous transactions. Last but not least, Cloud Wallet will be released. I assume this is a web/mobile wallet of some sorts, but we will keep an eye out for more information.
Two merchants are already confirmed to accept RosCoin payments from the date of launch. Logo or graphic design can be purchased here, and if you ever need to unlock your phone (from a certain carrier for example), you can do that here.
The RosCoin developer has also taken the time and effort to get verified by CryptoAsian. During this process, RosCoin scored a ⅘ Proof-of-Developer rating, which is not bad at all. Apparently, RosCoin’s developer is from Belgium, like myself. Most interesting indeed!
Let’s take a look at RosCoin’s technical specifications :
I know a lot of you are wondering by now when this altcoin will launch. The date is September 19th, at 21:00 GMT.
To find out more about RosCoin, you can use the following sources :
BitcoinTalk : https://bitcointalk.org/index.php?topic=769857.0
Twitter : https://twitter.com/roscoin