Autoria, a new self-mining cryptocurrency is set to begin its ICO on July 14. Let's take a moment to discuss what this coin brings to the table.
Autoria is a decentralized cryptocurrency built on the Ethereum blockchain, meaning that it can leverage smart contracts for an incredible amount of flexibility and speed. It also utilizes automatic mining, a relatively new method which allows for a completely transparent and fair token distribution mode and does away with standard mining models.
As the name implies, automatic mining does away with the need for graphics cards and mining pools which utilize standard Proof of Work and Proof of Stake solutions. Instead, automatic mining registers unique Ethereum addresses, or "Wells", as repositories of the token. Fair distribution of coinage through these Wells is ensured using a mathematical formula that is a function of the Ethereum blockchain.
Autoria plans to introduce over the coming year, several applications which will utilize their token and help to stimulate this new economy.
You may find more information on Autoria's official site.
this is one to watch! I'd like to see how Autoria turns out a few weeks after it's ICO
I'm quite interested in it myself!
Sweet idea, going to keep it on my radar for sure.
SCAM ALERT
"OMG we've solved the ICO crisis! By releasing another ICO coin!"
What does it do that is new or revolutionary, that other coins don't already do you might ask?
"Nothing, but hey, at least it won't release all at once guys! ICO crisis solved!"
mustymouse your a confirmed shill for this coin - https://www.reddit.com/user/MustyMouse
You say "I'm quite interested in it myself" as if you're just an innocent bystander interested in this new ICO, as if you have no connection to it. Meanwhile your spamming the crap out of reddit with links to this as if you have something to gain from this scam ICO. Are they giving you free coins or you just one of the founders?
An american company selling an unregistered security, just asking for the SEC to slam down on this one. Be warned people!
Howdy, Autoria lead developer here. We are not claiming to solve all problems with ICO investments and the crypto industry, but we believe our approach will help us learn the best methods of releasing a coin so that it retains value to the shareholders.
Our modest deliverables are designed to be attainable. No pie in the sky assuptions here. If you have any questions, feel free to reach out to the team at [email protected], as that is forwarded to our team members.
Hello, I have 3 questions about the ICO and I am genuinely interested :))
Number 1 is, what do you mean with "We will be releasing Autorium tokens at an inital rate of 17,500 AUT for 1 ETH ". What does "initial rate" stand for?
And number 2, will every 1 ETH I send during the ICO receive 17500 AUT?
And number 3, is it programmed for AUT to be enlisted on some exchange website before the ICO starts or during the ICO?
Thank you