Launch FAQ

Launch FAQ

1. What type of token is this?

This is its own blockchain.

It is NOT a “pump.fun token on solana” – nor an “ERC20 token on Eth”. It is not “on” anything.

Furthermore, this project aims to eventually replace every blockchain (including Tron, Solana, Eth, and even Bitcoin). That is its goal.

2. How will this project launch?

On a specific date (in early 2016), this project will “hard fork” off of the Bitcoin blockchain.

To check your balance, download our full node software (or wallet software).

3. Which exchanges will support this coin?

A typical Altcoin will pay “listing fees” (often millions of dollars) to an exchange. That exchange will “list” the coin – and this adds legitimacy and liquidity to the Altcoin project.

Our project is different.

First, we do not need any exchanges to “list” it at all. Our software allows you to swap MC for a number of existing coins (BTC, LTC, XMR, USDT). So, you can first use an exchange to buy BTC, and then swap it for MC.

Second, our project is a clone of Bitcoin Core. So it should be very easy for exchanges to use.

Third, we are a hard fork. So, any user with BTC on an exchange (at the time of the fork), will suddenly also “own” MC. But this MC will be credited to the exchange. This puts the exchange in an awkward position: either the exchange will “steal” this money for themselves (not likely), or they will credit their users. The easiest way for them to credit their users, is to just list the coin.

Fourth, our hardfork uses “full transaction replay”. Meaning: even after the two chains split apart, 99% of the new txns will be “replayed” (since they are valid on both networks). For regular users this is harmless. But for exchanges, it may be illegal – when a user withdraws BTC, exchanges might accidentally send them an equal amount of MC (without realizing it). Our software makes it easy to control this – but if the exchange is already going to integrate with our software, and track it in their accounting system, then they may decide to just list the coin. (Especially if other exchanges have already listed it.)

So, my guess is that all exchanges will support the coin, quickly.

4. Do you have enough hashrate lined up to support the coin?

We have indeed lined up some hashrate to support the coin.

But again – this question is based on a misunderstanding of how our project will launch.

Our hard fork will be triggered by a one-time instantaneous drop in difficulty, to its minimum value. This means that –for the first 2016 blocks– it will be easy for regular people to CPU mine.

There will be a chaotic period of a few days. During this time, many thousands of blocks will be found, and the difficulty will rocket back upwards. It will reach a new equilibrium, with a difficulty value that is proportional to the USD value of the blockreward.

At that point, this network will be no different than any other PoW network. Blocks will come in, roughly every 10 minutes. Miners will mine – to make a profit. There is no need to “line up” miners. (And there would be no way of forcing them to be loyal to us, anyway.)

5. What about developers? And ecosystem partners?

This question is again based on a misunderstanding.

In a typical Altcoin, such as Ethereum or Solana, there will be large “developer grant” programs. Money will be allocated to “fund developers”, to entice them to build on the Altcoin, and develop impressive-sounding projects.

These programs are highly overrated, at best. Often, they are counterproductive or even ruinous.

They are centrally planned. They involve “applications”, and committees. They are inherently political – and distracting. Good developers usually are not good grant-writers. A large grant, given to A for XYZ, will discourage B who was working on QRS. True geniuses (working on genuinely new problems), will be misunderstood and underappreciated at first. The developer’s focus should be on the user – not a committee.

Instead, a true developer is motivated by autonomy and by creative problem-solving. That is exactly what our sidechain model already provides. We are shipping the project with a number of cool, user-friendly, actually useful L2s that already work. They will be operational during the time of the fork. A skilled developer can fork these L2s, and make a new project. They will be the “benevolent dictator” of their own kingdom. That is what actually attracts developers: the opportunity to solve a problem – and to solve it in their own way. (Without having to explain or justify themselves to anyone.)

Plus, sidechains have an impressiveness and nobility. You cannot use a sidechain to launch a new coin – so you cannot use it to pump and dump – and so, the sidechain R&D community will always be a serious place, free of grifters. It will naturally attract the most talented people – those with something important to contribute.

Nonetheless, we have had tremendous success with the “contest model” (see here and here). So, that is certainly something we will continue.

Finally, remember that we are keeping our L1 identical to Bitcoin Core. So, any “upgrades” Bitcoin Core makes – we will automatically inherit. We will inherit all that R&D, for free. That by itself, is already more development than 99% of Altcoins get.

6. Why will this project be any good?

It addresses the top problems of the industry: scalability and governance.

It address the tension between innovation and conservatism. It allows people to disagree, and “leave” the software, without leaving the currency. It restores competition, to an arena which has grown complacent. It recaptures all the useful R&D in the industry, granting it all to one coin.

Success is not guaranteed. It will depend on who joins the network, and when.