For those of you unaware, RUNCOIN is my experimental coin for runners. It was created as an asset on the Bithshares blockchain, it's trading already on OpenLedger and it will be distributed in a manual process, until I gather enough data to see whether or not should I move forward and build a more thorough infrastructure. The distribution rounds are announced here, on Steemit, roughly every 10 days (see below, the roadmap).

We're still in the middle of the second one, which will end on July 20th. The first distribution round had one beneficiary already, you can see the details here.

For each running activity you get $1 worth of RUNCOIN (between 20 and 22 tokens at the current price). I will also need your OpenLedger account so I'll know where to send it.

Here are the detailed rules:

$1 worth of RUNCOIN per activity (running activity, that is)
proof of run must be submitted, in the comments: screenshot + link + proof of identity
proofs of run must be newer than the date of this post
OpenLedger account so I know where to transfer the tokens
all transactions will be published here, on Steemit
time window for this distribution is July 20th (everything posted after that will not be eligible for rewards)

if this goes well, I will keep a 10 days window distribution round for around 3 months, until enough data is gathered to devise a better (automated?) way to do this.

Second Round Participants

There are already 3 participants to this second round (which means the market cap will triple, lol), here are their usernames (I will post all the relevant links on July 20th, including links to their Strava runs):

How This All Started And How Much Did I Invest?

I want to keep this as transparent as possible, so I will document my activities as often as I can. Here's the screenshot of the transaction in which RUNCOIN was created, on the Bitshares blockchain.

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The total investment from my part was 607 BTS, roughly 180 USD. Since then, I've been doing mainly market making, which means placing a few buy and sell orders, to provide a bit of liquidity.

The total amount of RUNCOIN issued so far is:

88 on June 30th
888 on July 3rd (out of which 22 has been already distributed)

RUNCOIN has a limited supply of 8,888,888 tokens (out of which 88,000 are reserved for network maintenance).

The Distribution Roadmap

3rd Round: July 20th - July 30th
4th Round: July 30th - August 10th
5th Round: August 10th - August 20th
6th Round: August 20th - August 30th
7th Round: August 30th - September 10th
8th Round: September 10th - September 20th
9th Round: September 20th - September 30th
10th Round: September 30th - October 10th

You may want to save these dates. In each distribution window, I will distribute $1 worth of RUNCOIN to every runner who will follow the conditions above. The rule is that there is only one slot per distribution window, but you can participate in as many distribution windows as you want. So you can't get more RUNCOIN if you post many races during a distribution window, only one slot, but you can participate in all the distribution windows (getting $1 worth of RUNCOIN in each of them).

I'm curious how this will play out, how many people will find RUNCOIN useful and, why not, how the price will evolve.

Let's run and play :)

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.