Goxxed? New Altcoin MtGoxCoin Hopes to Give Back What Was Lost
There’s a new altcoin in town, and it’s inspired by the collapse of MtGox. It’s called MtGoxCoin.
“We don’t exactly know what happened at Mt.Gox,” explained the creator of MtGoxCoin.”But they screwed over hundreds of thousands of people who put trust in them. We’re pissed and we want to make it good.”
The concept is to introduce a new altcoin based on Litecoin and dedicated to relieve the pain the crypto community suffered from Mt.Gox closing down. The unit is labeled GOX.
The creators have designed incentives to get miners and the community on board, giving away coins to people who help create the infrastructure and promote the coin. They write on the MtGoxCoin website:
We pre-mined the coin to be able to compensate every person who lost coins on Mt.Gox. We want to give every person as many MtGox Coins as their last balance was on Mt.Gox when they closed shop. But of course it can not be guaranteed we will reach this goal within a reasonable time frame. We are working on getting the coin on as most exchanges as possible so everyone can trade early and safely. But first, we will give donations to all who help us grow the coin in some way or another.
There has been resounding support from the community on the Bitcointalk forum, and several mining pools signed up right away, including hardcoreminers, Coins for Everyone, RobMoneyPool, crypto-hamsters, Sumpool, OkayPool, WTFPool, and Mine Big.
Popular alt-coin exchange NXT-E enabled trading of MtGoxCoin, and it looks like Crypto Rush will be adding MtGoxCoin to its list of altcoins today after a popular vote placed GOX above other altcoins.
Want to learn more or get involved? Check out mtgoxcoin.com
This is always the exact same thing as for every other alt-coin… “we premined, but just to reward people who do good!”.
Comon’! This does not deserve an article, or any other alt poping up each day deserves one too! Or maybe the writter got some premined coins to reward him for “promotting the coin”?
Thanks for mentioning MtGox Coin!
We already landed CryptoRush thanks to the amazing community donating votes which allowed us to rush ahead of 100 other new altcoins in just 2 days.
@Jeremie: The premine is: 0.09%. We are using the premine for daily giveaways, bounties (like blockexplorers), pools, promotion, maintenance for vps node servers, hosting premium servers, paying rewards for people that pay BTC to get on exchanges, etc.
We can’t promise we make it up for all the lost coins, but it’s a chance to recoup some of it. We’re growing like crazy!