# \[ANN\] VBCOIN - POS - 5,000,000 COINS! 50% to raise money for City!

**URL:** <https://forums.counterparty.io/t/ann-vbcoin-pos-5-000-000-coins-50-to-raise-money-for-city/165>\
**Category:** Marketplace\
**Created:** [March 7, 2014, 1:39am UTC](https://forums.counterparty.io/t/ann-vbcoin-pos-5-000-000-coins-50-to-raise-money-for-city/165 "2014-03-07T01:39:32Z")\
**Posts on this page:** 4\
**Page:** 1

<div class="post-metadata">

**Author:** ![halfcab123](https://yyz2.discourse-cdn.com/flex004/user_avatar/forums.counterparty.io/halfcab123/32/9_2.png) [@halfcab123](https://forums.counterparty.io/u/halfcab123)\
**Post date:** [March 7, 2014, 1:39am UTC](https://forums.counterparty.io/t/ann-vbcoin-pos-5-000-000-coins-50-to-raise-money-for-city/165/1 "2014-03-07T01:39:32Z")

</div>

[hr]  
  
[size=20pt][font=verdana]VBCOIN - A coin for Virginia Beach[/font][/size]  
[hr]  
 ![](http://i.imgur.com/baPvtDl.jpg)  
  
  
[font=verdana][size=15pt]In the spirit of what Aurora Coin is doing for Iceland, I’m creating VBCOIN, to do the same on a smaller scale for my city. I hope to use this experience as a blueprint to do this for several cities in the US and hopefully around the world. This coin has been issued with Counterparty protocol as a 100% proof-of-stake issuance.[/size][/font]  
  
  
[hr]  
[size=15pt][color=green]IPO 4/1 - 4/7  
- Proof-of-stake  
- 5,000,000 Coins  
- 50% coins reserved for City of Virginia Beach projects  
- 10% reserved for marketing efforts  
- 40% reserved for IPO  
- 1 BTC&nbsp; &nbsp; = 1,000 VBCOINS  
- 100 XCP = 1,000 VBCOINS  
- Counterparty issued asset  
- Use all Counterparty features  
&nbsp; \* Distributed Exchange  
&nbsp; \* Bitcoin security  
&nbsp; \* Web Wallet coming soon!  
[/color][/size]  
  
  
[hr]  
  
  
 ![](http://i.imgur.com/OCcIb3F.png)  
  
  
[hr]  
  
  
[size=15pt]I’m very excited about this initiative and intend to keep it 100% transparent and fair.[/size]  
  
  
 ![](http://i.imgur.com/rlyXIoy.png)  
Christopher P. Ridgeway  
CEO | Ellis Island Fund  
  
  
[hr]  
  
  
 ![](http://i.imgur.com/zOiPLK4.png)

---

<div class="post-metadata">

**Author:** ![Bountyful](https://yyz2.discourse-cdn.com/flex004/user_avatar/forums.counterparty.io/bountyful/32/4_2.png) [@Bountyful](https://forums.counterparty.io/u/Bountyful)\
**Post date:** [March 7, 2014, 3:09am UTC](https://forums.counterparty.io/t/ann-vbcoin-pos-5-000-000-coins-50-to-raise-money-for-city/165/2 "2014-03-07T03:09:14Z")

</div>

Wow. Excellent start. Very polished!  
  
Let it begin!   
  
Decentralized public fundraising!

---

<div class="post-metadata">

**Author:** ![AdamBLevine](https://avatars.discourse-cdn.com/v4/letter/a/9de053/32.png) [@AdamBLevine](https://forums.counterparty.io/u/AdamBLevine)\
**Post date:** [March 7, 2014, 4:04pm UTC](https://forums.counterparty.io/t/ann-vbcoin-pos-5-000-000-coins-50-to-raise-money-for-city/165/3 "2014-03-07T16:04:37Z")

</div>

Why would these have a market?&nbsp; Iceland has capital controls on their country, so can’t buy Bitcoin lacking a fiat gateway.&nbsp; That’s not the problem in Virginia beach, why would someone want to accept VBCoin or buy into the IPO of VBCoin?&nbsp; Does it fund profit making ventures?&nbsp; Is it a charitable act?  
  
  
I’m not opposed to the project but I am also not clear on what value it brings to the table.

---

<div class="post-metadata">

**Author:** ![kenny2088](https://avatars.discourse-cdn.com/v4/letter/k/50afbb/32.png) [@kenny2088](https://forums.counterparty.io/u/kenny2088)\
**Post date:** [December 7, 2016, 9:19pm UTC](https://forums.counterparty.io/t/ann-vbcoin-pos-5-000-000-coins-50-to-raise-money-for-city/165/4 "2016-12-07T21:19:37Z")

</div>

l want know after creat asset in counterpary wallet,the asset holder have need according to Proof of Stake use wellat to mine the asset?