@Klangburg

1) Are the individual wallet addresses inserted manually to the app, or is it based on randomly generated wallets like i.e. MEW does it?

Users will have the option of either creating a wallet, which will generate their high-entropy 12 word mnemonic, or they’ll be able to import a previously generated mnemonic to the app. So to simplify, your wallets will be generated completely at random, and no information about your wallet is stored with any server at all. Only YOUR device will have access to your wallet and keys, and that’s it.

2) Can one run multiple wallets or is each installation of the app linked to exactly one wallet address?

At the moment, users will only have one wallet linked to the app. However, if a demand for multi-wallet support arises, we will be sure to implement that feature.

3) What is the requirement to become a node or how do you decide if one's a node or not? It sounds a bit like centralization tbh, appreciate a more specifically explanation on this.

Running a node simply means that an Ethereum node is being run. Therefore, there are no centralized aspects about the node, because the term “node” is simply referring to a node that is connected to the Ethereum network. For example, you can download Parity or Geth on your own computer, and after you’ve synced to the blockchain, you are considered to be running an Ethereum node yourself.

4) So if one is going to lend earlier and more ELIX than others, one's reward in P will be greater?

That’s correct. This is meant to reward early adopters, and prevent large changes in the circulating supply of ELIX in the long term. In the short term, mining Token P decreases the circulating supply of ELIX, since ELIX mining Token P will be locked in a smart contract until each mining period is complete. You can take a look at one proposed reward function here, as part of this week’s update.

5) Is P planned to be used as an exchange token like ELIX itself, or how will one be able to claim his rewards in P?

Yes, P is meant to be publicly traded as well. P can be integrated into the app functionalities just like ELIX. Token P rewards are automatically deposited to each wallet address once mining is complete.

6) How many ELIX have to be lent to earn a single P?

While the math isn’t finalized yet, you can take a look at the proposed mining function in the Medium post linked above. In general, however, the amount of Token P received is proportional to two variables:

1. The length of the loan
2. The amount of the loan

And inversely proportional to the supply of Token P.

Currently in the smart contract, 65% of the reward goes to the lender, and 35% to the borrower.

@beyondashadow

You probably know this, but you can just convert them into ELIX by sending them to the ELIX contract address. As you only have 2 of them, whether that is worth the time is your call.

@yesiam6

Glad to hear about the positive reception of the website.

@JosephTam

You should already have EXOR in your personal wallet if you had TME at the time of the swap. You can convert EXOR to ELIX using the directions in the first post of this thread.

The scenarios are examples you can run, allowing you to interact with the contracts via testnet.

The scenarios use the same contracts. There's an explanation of the engineering and how these smart contracts interact here.

There's no time limit on any conversions. You can wait until 2027, or even longer.

Supply will be scaled down by a conversion ratio when tokens are run through the converter. The price should adjust accordingly.

As you probably know, the new token will also be mineable. There's a max supply on the new token, because only a set amount of new tokens can be mined. Currently in the smart contracts, the mineable amount equals the number of new tokens created by the converter. There are also developer tokens, which don't increase the mineable amount and are vested.