The CEO of GAWMiners posted last night about their new project "HashCoin" on HashTalk.
"Hey everyone,
I wanted to let you guys know what we’ve been working on for months here and explain what we’ll be revealing very soon.
First, how did we get here?
Before GAW Miners even existed, we were miners. And, we saw very obvious problems in the industry. So, we started GAW Miners to go after the biggest problem, manufacturers and resellers; and we fight on behalf of miners. And, as we became successful making change, it became obvious to us that the industry was facing a very different problem.
The power in cryptocurrency was very obviously shifting away from miners and toward speculators and large industrial interests. And, it still is.
This isn’t good for miners. And some of us don’t even want to think about it. But, it’s the reality of the situation. And months ago, we knew the problems in cryptocurrency needed to be fixed before miners could regain control.
Enter HashCoin.
If you were to create a cryptocurrency that transformed this industry for the better, how would you do it?
- You’d probably start by employing experts in monetary theory and cryptography.
- Then you’d build it on top of Bitcoin so that it worked with and improved its existing network.
- You’d combine proof of work, stake, and resources to foster stability.
- You’d build an asset reserve behind the currency so adopters would be shielded from risk.
- You’d make it work with existing infrastructure… so it can be used around the world, virtually anywhere.
- You’d showcase it to some of the world’s largest merchants and prearrange for widespread acceptance.
- You’d make it so it pays to hold the currency rather than speculate with it.
- And you’d make it incredibly easy to adopt, use and build for.
You’d make a coin that people can actually live off of.
HashCoin is what we’ve been working on for months, under Project Prime. It is, I’m confident to say, the single biggest advancement for cryptocurrency since the original Bitcoin white paper.
We are working with some of the largest brands in the world. And, we will serve it up with HashBase. It is the base of the system. It will bring mining, coin management, blockchain explorer, community, and purchasing together.
HashBase will allow you to mine a coin, search for a product, see search results from Target/Walmart/Amazon/Macy’s, and buy on the spot. A few days later, the product shows up at your door.
And, in case you’re all wondering. We are having an ICO very soon.
Our initial ICO round will happen in the next 2-3 weeks. Our minimum investment floor is 1 million USD, and the line of investors and banks is forming 
.
.
With the exception of BTC and LTC, our starting market cap will be higher than the entire market cap of any other coin in the world (and most of them combined).
But, all our customers are able to participate through HashPoints. You’re going to be given exclusive access, among the banks and investors, before this coin changes the world.
We are releasing a detailed plan later this week and our white paper soon to follow. We will also hold a video conference later this week for you to ask any questions you have.
Let’s make history,
GAW, CEO"
Pretty interesting news since they just created a pool that you can be paid out in hashpoints and in-turn should be exchangeable for hashcoins somewhere in the release of their upcoming hashbase platform.
Some people (including myself) may not like this change, but as far as their projected value they see for hashpoints, they're a more effective payout than their Zenpool.
The release will be in the upcoming 2-3 week period, so keep on eye out on how this progresses.
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