How long does it take until we have the results? That depends on the number of coins you hold in your wallet! when you have several thousand coins you'll stake several times a day, if you've got a few hundred maybe once a day and with less than 100 every few days or even weeks. BUt note: you'll never get more than 6% reward / year on the amount of coins you hold . |
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 Dear Cloak Community,
We are proud to inform our community
that we sent the source code to the auditor Cognosec Limited.
We are waiting now for more details about the audit procedure.
Cognosec is a NASDAQ-listed company, headquartered in Sweden,
with subsidiaries in the UK, Austria, Germany, UAE, Kenya and South Africa.
Cognosec provides solutions that enable clients to protect themselves against threats and withstand significant cyber attacks.
Cyber resilience is the business of Cognosec.
Promo video:
At the same time our Development Team is fixing further issues for the testnet phase.
These issues are independent of the audit and has no impact on the roadmap!
We also want to clarify an explicit point that we already offer fully functional Enigma transactions in our current live-wallet "Defender".
We wish you all a nice week and will keep you informed about further progress.
Peace and Love
Team Cloak |
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Hi Yogibaer! Thanks again...worked perfectly. I think I missed the automated download the first time! Wallet syncing perfectlyt! Only thing, how long does it take before coins start staking?  mature time is 3h only, no max coin age! |
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Well who would have thought! Nice to see CLOAK finally above $10. We need more people joining the community. I expect $25-50 after open sourcing the code. Maybe even more if Cloak will be picked up by the bull run on alts.
Which reminds me, is the open sourcing still planed to be completed in Q4 2017? I don't mean to sound like a troll, but it's coming up soon and I haven't heard about the audit starting yet, only that it would start soon (and it will take a little while to complete). |
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Well who would have thought! Nice to see CLOAK finally above $10. We need more people joining the community. I expect $25-50 after open sourcing the code. Maybe even more if Cloak will be picked up by the bull run on alts.
Which reminds me, is the open sourcing still planed to be completed in Q4 2017? I don't mean to sound like a troll, but it's coming up soon and I haven't heard about the audit starting yet, only that it would start soon (and it will take a little while to complete). scroll a little be back here and you 'll see that the audit started already! |
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Don't you think that making cryptos even more untraceable will attract to many illegal goods traders?
"illegal" products are bought with cash as they mght be bought we cryptos. Is cash illegal? What is "illegal"? it's defintion question. |
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Great idea. Excellent team! Btw how is my income calculated? (provide an example here as well)
As easy as calculating interests in the bank savings account! 1000 Cloak => 6% of 1000 / year = 60 CLOAK /year equals 5 CLOAK / Month equals 1.25 CLOAK / week plus you can earn a share of the ENIGMA fees when your node hellps cloaking a TX which is a part or the 1.8% fee the sender has to pay. |
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I will be staking...
If I stake lets say 100 Cloak on 2 seperate wallets, would I get more rewards If I staked 200 Cloak on one?
it is better to stake 200 coin on one wallet. You only get max 6% reward per year there is no chance to trick the wallet by splitting or using the same wallet on different machines. With 200 CLOAK you can expect an avg stake reward of 1 CLOAK / month (equals 6% / year, simple maths) |
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Hi,
How long does it take usualy to get the wallet to sync? Any fresh node list?
Did you do the automated blockchain download at the first start? It can can take a few minutes to 1 h after the blockchaindownload. If you need help join our chat at https://chat.cloakcoin.comWe can help there quickly! |
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"Before we start the public testnet phase"
do you have an exact date about the public tesnet phase ?
There wars a public testnet already, where we found bugs. We are still working on fixing those bugs. It 's difficult as they only appear to happen in very specific constellations and even with just 5 nodes in the network they do not appear by command. Once we are done with that a new public testnet will start for everyone to able to join. |
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Hi,
If I want to start stacking shall I rather wait for Mainnet to go live or it does not change anything?
Thanks
Our Main Net is up and running! CLOAKis a fully working Wallet already incl. ENIGMA anonymity !! |
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I just saw this post in several forums.
Please don't spam us with this.
... and why do you quote his spam then ? Please remove it from your post! Thanks!! |
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is Enigma already on Testnet? Is there a way to take a look?
ENIGMA is already running in the current live-net with the current wallets! What is on testnet soon is the new improved ENIGMA system which will also go open source after a successul security audit from a professional copany. If you'd like to join the testnet you can join us in our chat room https://chat.cloakcoin.com and ask to be added to the public testnet group. More infos coming soon! |
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How many coins needed to stake?
In theory 1 CLOAK but practically I would say at least 100 CLOAK. Why? The more coins you have the higher the chance to stake. Calculate the 6% yearly stake reward of 100 Coin and it'd be 0.5 CLOAK / month |
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Have any of you staked Cloak Coin in your wallet but then the transaction never confirms? What to do in those situations?
Hi! This is an orphan block, another wallet was faster. That doesn't matter. your coins will stake later and produce one of the next blocks. Nothing to worry about. |
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I think the problem is cloak has a few huge holders just sitting there so no whales wanna pump it that much in case they get dumped on. Its a shame cos its such a low coin supply should be easy to make this coin go to $50 at least.
You can also see it the other way: What's the use of a whale-pump and the later the pumpers dump their coins on the new buyers? We are not interested in P&D for CLOAK. |
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I know that this open source it top priority but what can we expect after. What ideas do you have deepend that you see could be done to make cloak better
It is not my decision; however, from what I understand, the next step is to branch it off lite coin. This has already been started. The previous testnet was pretty solid, raizor did an excellent job. This next test net is expected to have no issues. Stay strong. Many thanks for the quick update!!! |
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CLOAK is TITS ... awesome news are coming soon !! |
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There is nobody interested yet. Volume of 15 BTC. Puh-lease.
There were a couple large buy orders over the last days, but they eventually cancelled most of it.
We don't need shirts and bags, we need news and PR. And updates on open-source of course. How is the audit going for example?
I still believe in this coin big time! But having no tangible results regarding Enigma isn't doing CLOAK any good.
There was an update from the project manager lately: https://bitcointalk.org/index.php?topic=823143.msg24343435#msg24343435Currently the issues found during the testnet phase have to be fixed. Then there will be another testnet phase and then audit. You can join our chat room: https://chat.cloakcoin.com there's a lot of activity! |
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