Yea, right...WOC can only be purchased/traded/exchanged for WC.  So if we say we want 100 million WOC, and assuming it's a one for one trade (which would make sense for the long time holders it would also reduce the amount of WC to 200 million. 

CAI did something similar when they switched to CAIx.  They used coinswap to manage the exchange. 

Nice word!

It would be important to have a portion to mine though.  If we just did an exchange, it would leave out the miners.  And, miners bring a lot of attention and energy to a new coin.  So maybe an exchange/IPO for 50 million, and a x11 POW to POS for the other 50 million. 

What if we converted half of all WC to WOC even swap...one to one.  150 million WC and 150 million WOC.

And through something like coinswap you convert either coin into the other at any time. That would tie the value of both coins together.  If you wanted to perform a WhiteOut purchase or transfer you could trade your WC for WOC.....or vise versa for a purchase of something using WC. 

And, if they were controlled using the same wallet, maybe the exchange could happen automagically through the wallet....

+1

thats a new positive development

Great stuff here for sure

Totally agree!
I really like the idea of ​​Whiteoutcoin, but I understand that it should be interchangeable solely and exclusively by Whitecoins for a period of at least 2 months.
Suggest an idea
Whiteoutcoin is created with a cap of 60,000,000 coins and for a period of 2 months exchanged for each 1 5 WC and WOC this exchange deals exclusively The Whitecoin Foundation.
It should not burn any WC (that would give greater transparency to the process) and I understand that both currencies can coexist.
After 2 months and once the current holders have exchanged WC as they see fit is launched WOC.
We do EVERYTHING POSSIBLE to avoid suspicions of fraud and Premines etc. .. and above all current holders of WC should have priority.

I'm thinking closer to 3 or 30 million to help drive up demand.

The time we offer WOC exclusively via WC as an entry vehicle is definitely up for discussion. I also agree we shouldn't burn any currency, in my opinion we should come to a goal figure as a community, and decide together how much of that should be split between future development, current operations, and paying those who do the hard work to make this a reality.

Part of why we didn't want to offer this until registration had formally begun as a foundation, is that we wanted to offer our investors that level of accountability for our premine and IPO. We intend to offer a fully transparent plan where just as with the current foundation wallet, users are able to easily track the use of foundation funds. Once we hold our first general assembly, users and investors of the coin will then have a direct say in how that premine is used.

Generally speaking, my opinion is that this should not be a PoS coin, but instead should have a very lengthy mining period like bitcoin. Its time for us to experiment with the other successful approaches to crypto, and offer that as a companion/denomination coin. If we restricted the premine to 2-5% and gave specific timelines for release of funds, then we'd have ourselves a unique recipe for success.

If we let the IPO period go on for too long, my concern would be we risk losing momentum and interest in the service. First and foremost this has to be a coin people can use in all the same ways they use other cryptocurrencies. My instincts tell me we should offer the IPO up until launch, and allow early adopters to get in at a reasonable price in order to see profit returns. This IPO period would then drive up volume on the markets for WC as its the only entry vehicle (this would greatly benefit current holders). In my opinion, this needs to be "by the book" as much as possible, so what I'm hoping is that at launch we can partner with exchanges to offer WC:WOC direct conversion markets. This would then put our foot in the door of the "base currency trade" market currently held by BTC, LTC, DOGE, and a handful of others.

By managing all of this process via our not for profit, inclusive, and community driven foundation, I believe we'll have the right recipe to give people the trust, decentralization, and stake in the process they are looking for.

I don't understand how you could think this is not fair to current WC holders. People will be buying WC to gain entry to WOC, driving up the value of your holdings. I also think that offering too many coins for what is really a niche service in crypto would be counter productive in seeing the volume/price increase we're all striving towards. This method gives all current holders the ability to get into WOC at a very early price point, and it also gives them the benefit of being able to participate in the increased volume and value on the markets.

I see this is as win win win, and a totally community driven idea. Don't get me wrong, I'm very glad you're expressing your ideas, I just hope you understand that we are offering this in response to widescale community request and with great thought put into fairness. That's why we've opened this up for discussion at such an early stage, before even the coin specs are fully agreed to. It gives everyone at direct say in how we proceed.

We want this to be as fair and rewarding as possible for all involved.

It is not fair at all. Please be serious. Anyway i'm sure there are enough smart people on this thread to realise the way i suggest as a sidechain with a development pot for the foundation and devs built in that is a fair reward for people that are holding WC now.

Sure let's open it for discussion but it is nothing to do with WC if it is not a sidechain. It is not a companion coin. It will offer a short term spike and nothing else if done the way that was suggested.