Bitcoin Forum

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**RESERVED**

YOBIT ICO?

I Hope not lol I will probably use an Escrow person rather than yobit. I get it's good because of an exchange listing but apart from that most ico's on there are bolox or ripp-off's and don't go anywhere most of the time ;)

All wallets & src code along with a Block Ex will be released at the same time as the ICO starts and yes We have pow mining :D till block 50k ;)

Hi dev ,any bounty for translating? thanks!

Hi just had email about Spanish Ann, And yes there will be bounties for stuff like that I would presume just after i released. If you pm i will have message so i do not forget ;)

Got you here, I will read through this later.

masternode payment is 10 ZNP but POS is 3% yearly, maybe consider increasing POS rate, with this rate people will only make MNs

Nice to see you around mate ;) and no worries it won't be disappearing



You will need 10k for 1 masternode, There will be 1mill ico coins meaning that can set up 100 masternodes

If that happened then the coin would become scarce due to the only coins being out there are from Pow Mining ;)

it will help the network and the market alike.

And i did state the REWARDS will not be changed ;)

Interested !
Where is ICO underway?

How many coins will exist before POS commences?

Is it 1m ICO + 25K pow = 1,025,000 coins?

Please correct me if I am wrong?

Pos Starts at block 100
Pow stops at block 50,000

Now Pos has already started hence why you see the amount 1000007.17327213

So 1,000,000 coins staked produced 7.17327213 just after around 3hour's after i mined the first block with those coins in.

When it launches Pos & Pow will be running along side each other up until block 50,000

And Yes 1,000,000 is for the ico The only other coins that can be made are those from pow until the ico has ended and coins distributed

so the POS n masternodes is online now, n when will the ico n POW starts?

Yes Proof of stake and masternodes are both online. So when launched the only coins that will exist is those created from pow mining until ico is finished.

The ico will Run for 5 Days if we reach the 25btc sooner it will be closed upon that moment if we do not reach 25btc it will run the full 5 days then will be split 1,000,000 / BTC raised

Estimate the ICO to start in the next 2 - 3 days but could be sooner I will notify all of that tho ;)

Pow Starts at the same time the ico does ;)

Can I get some PM'S off Mining Pools or am I going to have to PM you :p

Does it mean that 25,000 ZNP will be created by POW mining?

We need a block explorer before anything really commences.

Yes and already one step ahead mate read my post up

I said all wallets, source code & block ex will be released at the same time as the ico ;)

Do you have an ESCROW MEMBER that will monitor this ICO?

I Will have yes

who will escrow it?

That will be made Public for all to see ;) But it will be a Trustworthy Member/person you & me can trust alike

Just Awaiting response from the person I contacted to be escrow for this ICO and they are a very trusted member from what I can tell ;)  As soon as we finalize details I will post them on ANN along with a Timer

Had response from Escrow

Name: OgNasty

I charge a 5% total fee for handling ICOs along with a 1% (0.01 BTC minimum) fee per transaction.  Quite expensive.  You could find someone cheaper.

What you think just go with it or like he said go with someone else really does not fuss me too much

Get an ICO that charges 1% fee.

5% of what?

Do what is best. It is your coin. ICOs are expensive. The Escrow simply wants a slice of your PROFITS  :P

WHY DON'T YOU TRY YOBIT ICO?

I presume he means a 5% fee of the ico amount which would be 1.25 btc

Then he requires 1% or 0.25 btc per tx. so 10 tx's would cost 2.5 btc

So I think I shall give him a miss as by the time the coins have been sent out there will be 0 btc left to put into this project.

If I can not find another trustworthy Escrow person then I will move my attention to getting an exchange to hold it

You don't want to do Yobit ICO, because you know that they will burn the excess coins, if the 1m ZNP are not bought within the given time frame.

I know that you want to distribute the excess (if there is an excess) to those that buy within the given time frame.

If you UNFORTUNATELY decide to use YOBIT ICO, but cannot sell all the 1m coins within 5 - 7 days of YOBIT ICO, they will burn the excess coins, AND THEN YOU WILL HAVE THE UGLY BURN ADDRESS ON YOUR BLOCK EXPLORER FOREVER.

I think your best option is to use an ESCROW, then allow people to stake their coins. We can get to yobit later.

No coins will be burnt

If we hit ico amount of 25btc then the price is 0.00002500

If we do not hit 25btc before the ico run time ends then the price will be the 1,000,000 ico coins divided by the btc raised so

say we make 12.5 btc it would be

12.5 btc / 1,000,000 which equals 0.00001250 per coin

You with me now

I UNDERSTAND NOW - I will get more ZPN if less BTC is made in ICO.

Yep, So it really depends on everyone else now as to what price the coin is at but we will all find that out when the ico has started and people are mining etc ;)

Get a BETTER Escrow member

POS percent rates are deliberately missing from the OP.

Get a proper Escrow, and also a timer for the ICO, so that deadlines are strictly adhered to.

No they are not.   line 2 under the pic states

The Proof of Stake interest at which ZonePay is set to is 3% Per Annual Year

Pos Rate is 3% AND WILL NOT BE CHANGED

And yes i know to use a timer also ;) things will be done smoothly

So many honest people would like to hold an ico ! i can show you passport, identity card and telephone , facebook or twitter accoun  anything you like to have and i can hold the ico for just 0.50 btc. it is ok for you?

I se that it is the masternode that will have the HIPOS

Mate I'm just after someone we can all trust. I do not want to use anyone who has a risk of flight as that will jeopardise the project. The more trustworthy and the longer they have been around seems it would be the better way, If there was some sort of company I could use instead of an individual then I would.

And it's nice to know we do have some honest people out there ;)

yes it is true!  Must be very hards to be trusted form all partecipant! I am sure i am not the only honest people around here  ;D! you will find some  not expencive trustworthy...for sure!

Yep but I'm sure we can find somebody who we can all trust. Worst case scenario is an exchange holds it but they will have to adhere to my terms on the ico, Which is 0 coins are to be burnt, The maximum the ico can make is 25btc and the lowest well it's the lowest it can make for all 1,000,000 coins to be split proportionately

Dont thing for an exchange would be a problem,never hold any ico , but feel it s not hard terms to respect!

I can send all exchanges the information needed regarding the ico and see what they say, Hopefully I'm not waiting around for how long

bittrex maybe?

Interest on this one ,but why sha256?There are a lot of great algos out there (Quark,X11,X13..).

Well we have not officially launched yet as this is just the Pre - Ann.

I'm sure if enough would prefer a diff algo it's something i can look into changing before launch  ;)

Poll added to the top of the Ann, I will leave it running until Thursday  ;)

You have already mined the ICO funds. Is it still possible to change algorithm?

cool ico i will be watching  ::)

Algo change is not hard to do ;) and when at the moment I am the only one with the coins there is no risk to user's either as all is before launch. 

The reason I am not rushing is I want all to be perfect including all builds across all platforms etc, And it will make for a better coin & community if i actually listen to the people

But I can swap over the algo now without launching the coin saving hassle and confusion.

And please do not worry.

The only coins that exist for the ico will be 1,000,000 the extra 7 coins will be donated or something for a faucet or something like that not a lot I know. it was to test my settings on pos worked and they did

If I was to do it how you said that would entail alot of extra work and hassle as it will not be just yobit that has to update but all pools sites wallets etc

The ICO Max is 25BTC as soon as it hits that point if it does the ICO is finished any funds sent over the 25btc will be returned to the address they came from.

There will be a block ex when I decide to launch it so everybody can see I have nothing to hide there will only be 1,000,000 until the ico ends or until pow starts creating coins.

Yobit may be good but I do not want to give users of ZonePay the run around swapping over and confusing half of them so early on. I would rather do the changes before the ico, Wallets and pow start/released

What I suggest is that:

- We use YOBIT ICO to guarantee transparency

- That YOBIT does not allow withdrawal of coins throughout the ICO process.

- I suggest a coin swap through YOBIT, immediately after the ICO. This will help to eliminate the ugly burn address of leftover coins, and could also help with algorithm change, if necessary.

- We kill 3 birds with one stone by using YOBIT ICO:
  # Fair ICO
  # Coin-swap
  # Getting on an exchange.

I have been nothing but transparent so far mate.

And the way you suggest could be good but to me it's just a ugly way to get things done.

If I have a block ex upon launch with a trusted escrow person what would be the issue It shows Transparency and trust as it is not only you Who wants trust but me too. I will happily let someone like EARLZ or something do a code review too to help with the transparency.

My suggestion is straightforward:

- Yobit handles the ICO, burns the excess coins and DISABLES withdrawals and trade, even though members will see their balances in their Yobit accounts

- Yobit handles the coin swap, to enable you to conveniently change the algorithm, and also to eliminate the ugly burn address.

- Yobit enables withdrawals after the coin swap. You now have a clean coin, a clean block explorer (no ugly burn address) on a clean exchange = 3 birds killed with one stone.

1. Yobit could handle it yes but it would be on my terms too, which would be.

There is no minimum price (I will remove the 0.000025 per 1 coin from the Ann too)

The 1,000,000 coins will all be sold, 0 burnt.

If we hit 25btc then the ICO has to be stopped (Will not except anything over 25btc

If we do not hit 25btc then the ICO will continue to run the Full 5-7 days then it would be BTC raised / 1,000,000 ZNP to get the base price of ZNP

To me those terms are not hard to adhere too if I have to stick to their terms



2. But I can do that right now without launching saving all that hassle of swapping and getting rid of some burn address



3. Again why do I need a swap when I can do it right now without injuring any party

This will be fine, if YOBIT fully understand your terms and conditions. This means that Yobit will sell the ICO coins at 2500 sats, then distribute the leftover in proportion to how much we bought initially,

OR

We pay for ICO, then wait till the end of the ICO period (5 -7 days later) to receive coins in proportion to how much we paid, ICO must not exceed 25 BTC.

Unfortunately, YOBIT have their own ICO rules:

New ICO rules:
 - 0%/50%/100% buy wall (ico price)
 - 4 days ICO fund holding period (for devs)

The second one I made bold of course. which is why I would prefer a Trusted Escrow

Unfortunately, Yobit have their own ICO Rules:

New ICO rules:
 - 0%/50%/100% buy wall (ico price)
 - 4 days ICO fund holding period (for devs)

I do not see them as strict, I would have 0 issues with that but they would have to listen to mine to

Yeah that may be difficult, I've never heard of any custom arrangements for ICO's on Yobit, and to be honest their support is not wonderful so that may be an issue.

The only problem that I see with Yobit ICO is that they will always burn excess coins.

But I suggest YOBIT ICO for transparency. I have seen UNSPEAKABLE HORROR in this crypto environment. This is why we need proper checks and balances with adequate security measures, even if the DEV makes all the rules.

watching this ...

seems quite interesting ...

#crysx

Lets see how this goes. I have been telling Nightz to use Yobit ICO.

After Yobit burns the unspent ICO coins, Yobit should have a coin swap while the ZPN wallets at Yobit are in "maintenance mode" - with no withdrawals or buying/selling allowed.

Coin swap immediately after ICO will help to create a new coin that does not have an UGLY BURN ADDRESS in its block explorer.

I spoke about this in page 2 and 3 of this thread.

I like ico's but I dont love this one for some reason.
I'll keep watching and see if that changes.
Good luck to everyone.

What is wrong with this ICO?

Do you feel that the DEV should consider my suggestions about Yobit ICO?

Not that. If I decide to gave my money to a dev team, its because I have faith in the team, not the platform hosting the sale.
I just dont like the idea, pitch, ect. I dont see the roi for an investor myself. It's possible I missed it, but if I did then others will too.
I will be watching like I said earlier.

You have not missed anything yet, Dev has not even started - he is just discussing plans.

Voting Poll has been locked.

It seems the users have chosen Quark as the new algorithm for ZNP So I will get onto that today ;)

Right off to work on ZNP now Any inputs just PM or post it on thread  ;)

Yobit is the perfect exchange for this ICO ,
i would suggest the same dev
thanks

Again I will only hold it on yobit if they can agree to these


There is no minimum price (I will remove the 0.000025 per 1 coin from the Ann too)

The 1,000,000 coins will all be sold, 0 burnt.

If we hit 25btc then the ICO has to be stopped (Will not except anything over 25btc

If we do not hit 25btc then the ICO will continue to run the Full 5-7 days then it would be BTC raised / 1,000,000 ZNP to get the base price of ZNP

To me those terms are not hard to adhere too if I have to stick to their terms

The only problem that we have with Yobit ICO is the ugly burn address that remains visible on the block-chain, for the coins that are not sold.

Nope, yet again I say 0 coins will be burnt from the 1,000,000 all will be sold

And Morning  ;D nice day today

This thread is a bit more interesting these days.
Im still watching and maybe will invest

Thanks at the moment this is just the Pre Ann I hope to have the full Ann better Looking and more detailed, Just thought it would be good to how shall I say get myself out there sorta thing with people inputting before release ;) gives for a better community  ;)

Interested!

ICO was started?

Not yet mate just Pre Ann so I can get some more inputs from community before it starts ;)

Why Yobit? :) Their ICOs got a bad name for being... a bit 'scammy' and often not profitable at all, people do not like them too much.

Normal escrowed coin sale should do just fine imho.

Exactly why I do not wish to use them mate, Like i've stated numerous times on this thread. I would love to use a Trusted Escrow Member we can all trust even if it's a company doing the Escrow ;)

And I do not think yobit can adhere to my ICO terms anyway.

Interest seems low to me as well, might consider increase a bit

is there any guarantees that dev won't gone after ico?

This coin never started.

... and probably will not ever start..?

Looks like this was replaced by Loco (https://bitcointalk.org/index.php?topic=1438233.0), which is actually the same thing feature-wise, but very different in specs and distribution methods).

Would be nice to get some info from the developer about plans on this one. Its not good to abandon an announced coin (even prior to starting that) without giving a simple notice at least - as it shows lack of responsibility and thus gives really bad prospects for the new coin (could be abandoned with zero notice as well at any moment, like this one..?). Though Loco is ultra-high-POS, so I personally am not going to involve anyway.

Dev should think about an ICO on Bittrex :D like Edon!

Coin has not started yet as I Wished to release Loco to see how things would go before I actually start asking people to invest in something. I really am not here to mess around with anybody.

I Have not abandoned This ANN either nor ZonePay I suggest you people get to know me first before throwing accusations

Thanks for clarifying things Nightz. I have listened good things about you, thus was surprised to see this looking like an abandoned coin. Happy to see thats not the case. There were no accusations from my side, just an inquiry, which might have sounded a bit harsh... sorry for that. In any case its good to keep community updated here, so no unnecessary confusion arises.

Mate it was probably me who sounded abit harsh But I'm sorry for that as my head was just a mess so yep.

I will certainly be here for ZonePay when released. I launched Loco with similar specs to this so I could see first hand how all goes and how people react, It was great until I ran into a big problem in home life then all people just went mad both on here and the Loco ANN saying I'm Running off, Ripping Off, and why I do not know I have not ran nor took from people.

I Will return once all is good and it will be with a BANG!!!

Thanks

Nightz

You are listed on our directory and checked if everything is fine here,I'm sure and confident that you will be back and will revive this coin soon will keep coming back here to check from time to time..

Yes I am returning back into this world and I will be moving all things forward for the better. Thank You for your support.

no update  ???

Not just yet, there will be very soon tho ;)