What is the supply?
Is it a pre mine?
Why does 1 address have over 99.9% of the available coins?
What's the block reward?
Bump 100m coins. It's pure PoS, so yes, all 100m coins are "premined". Because the distribution of coins hasn't begun yet. 1. Block reward, same as in NXT (as Elastic was built upon NXT opensource code), depends on how much transactions this block contains. The more transactions it has the more fees from these transactions you get (fees are probably fixed at 1 XEL just like in NXT, though it can be manually changed by those who send transactions if they wish). Also the bigger your balance is the more blocks you forge (it's called forging, not mining). 2. But you can mine coins as well. And it's not same mining as in many other altcoins, but more precisely term would be "solving tasks" submitted to the network (this is a decentralized computer, remember?). So let's say a client submits his task he wants to be solved to the network, he puts a reward for it. And all nodes-participants (or supernodes only?) begin to solve small parts of this task. Some may have bigger parts to be solved then the others. When they finish their work, they submit results back to the client and receive some part of their reward depending on the contribution. P.S. part 1 and 2 is just my opinion about how the system works and it may be completely misleading |
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Golem's marketcap is 19m$. So XEL cannot cost lower than 17.3k satoshi (@1100$/btc or ~0.19$/xel). And considering Elastic is a ready to use project with it's own language, so, yeah, 20k satoshi is a fair price  |
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Strictly speaking it was not an ICO as they were considered donations with no specific responsibilities taken up by the team. In practice yes it was an ICO. Even so, from what I understand, the funds collected were not used for the project but scammed away by Lannister. So this will be the first ICO scam to actually deliver  I know well that Elastic devs made this project real for free. And it was not an ICO as most people here thinks because nothing was prommissed, except that those who donated will get their XEL tokens IF Elastic is created. That's one of the reasons why not all XELs were sold, it was a gamble you know, but those who believed will be rewarded. And BTC collected were not scammed, the wallet has multisignature and Lannister has no possibility to get them. Same thing with developers, they can't use collected funds, because they don't have Lannister's signature. |
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During ICO total amount of XEL was sold. there will be no inflation! This total amount was initially 5 million but after voting of token holders it was multiple by 20 and now 100 million. ICO funding was about 600-700 BTC. Dunno the exact amount and too lazy to search Again this number is useless, because we will have a final product at launch in contract to many other ICOs. Total of 708.66 btc was collected. I agree, considering this project is a final product, it will be just not fair if it costs lower than our competitor Golem with it's 22m$ marketcap. And speaking honestly I see Elastic at 50m$ marketcap and higher. So one must be crazy to start selling his XELs lower than 0.22$ per XEL (or 0.0002btc at ~1100$/btc), just my thoughts.. |
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Should i wait with claiming?
Better to wait IMO. This redeeming in a testnet is useless anyway, because the network will be reset when the mainnet launches. And it's possibly not safe to redeem anything on a public node, because you can reveal your private key? |
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So, at what time binaries for mainnet will be available?
The following packages are still missing and are planned (not promised) to be finished as follows (London time):
09.02.2017 - The core package with guard logic is finished and goes into code-review mode
12.02.2017 - The supernode extension was added to the miner so that it can be used to verify work of others
13.-14.02.2017 - I am offline
17.02.2017 - Guard node software is finished. Parallely, everything goes into testnet mode for heavy testing
18.02.2017 - Open discussion round here, about how things are working out and specially about the retargeting algorithm that we currently have (there were ideas how to get rid of it)
18-24.02.2017 - Grace period to fix problems that we found in the test net
26.02.2017 - I will have written all details about the system down (both technically and non technically) for those guys of you, who are responsible for the PR parts (website, video, whatever)
27.02.2017 - Last discussion here in the thread
28.02.2017 - Milestone freeze, first ready-to-use version should be finished by then. I (and all the others that work on the code) am/are just (an) interested code monkey/s who love/s fascinating tech. We will not launch anything, we just give the code to the community, so if the community thinks the system (that we suggested) is good, just launch it yourself by using it! Remember: we are doing it for you guys, and not to run a company or something by ourselves. Just do with it whatever you like.
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But by limiting the number of SN we limit the overall supercomputer calculating power, isn't it? If it's gonna be 300k XEL then we'll have the maximum number of 333 supercomputer clusters, 30k XELs means 3330 SN (in the best case scenario, of course).
I agree with ttook that maybe we could make this number a variable? But only not an increasing, but a decreasing one: from 300k to, let's say, 3k over time due to XEL's price increase and increasing resources consumption.
From my understanding the SN's are only validating the computational jobs done by the individual network nodes. I dont see the number of SN's as a factor in overall network computational potential, but I do recognize that having a low # of SN's could create a bottleneck... But either way, the data supporting my claims here doesnt exist yet. A variable amount for operating SN's might help out. But it seems most are concerned with the Fiat cost of ownership at this point - We cant peg XEL to fiat and expect it to be a accurate 6 months down the road. In addition to that fact, a Fiat / Xel calculation that determines the amount of XEL required for a supernode has absolutely no technical implications on the network. TLDR: XEL Supernodes =/= Masternodes (DASH, PIVX, ect.) - Network computational power is not supplied by Supernodes alone. You can mine / compute with the other nodes. Thanks. Probably I just misunderstood the concept behind SN. If individual nodes can also mine, that will bring lots of computational power I believe, and maybe we'll be able even to bypass some TOP500 Supercomputers of the World? Pegging Xel to Fiat is a bad idea, true, but I think we can easily change SN number manually by updating network software (do hardforks if needed). Edit: Nah, bad idea. Rich SN possibly won't like competition and just won't update... |
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But by limiting the number of SN we limit the overall supercomputer calculating power, isn't it? If it's gonna be 300k XEL then we'll have the maximum number of 333 supercomputer clusters, 30k XELs means 3330 SN (in the best case scenario, of course). I agree with ttookk that maybe we could make this number a variable? But only not an increasing, but a decreasing one: from 300k to, let's say, 3k over time due to XEL's price increase and increasing resources consumption. |
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What are the hardware requirements for the supernodes? Is 300,000 XEL still needed to have an opportunity to mine?
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Thanks guys. And just to clarify, it was EK that say he didn't wan't anything for his effort, not me However, my attitude is that I'd rather no one from the community send anything until after the code is deployed and working, and only if they have determined that it is useful to them. I thought he was saying that getting rewarded is not a bad thing..  And you are right, we just need to launch the mainnet. Once it happens I personally wish to send some reasonable amount of XELs to all of you, whether you want it or not , to show my gratitude. |
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EK, what is your current opinion about 5 stage launch you offered to the community in December? Do you still think we need some excessive testing, followed by "hard forks", to fix all potential bugs? Personally I think this is a must. The final product is easier to promote and it can bring much more attention and benefit to all XEL holders despite having competitors on out tail like SONM, Golem and iEx.ec. I believe, they won't be used in real life cases as fast as Elastic anyway. |
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Are there any promotion team already in the make, i might wanna help around here and there if needed.
There is no promotion team, I guess. And the community for now is actively represented only by our great devs EK and coralreefer, and unvoid ( Block Explorer), beyinsi ( new site), ttookk. All these people are putting their time (hope I didn't forget anyone ) into Elastic for free. Unfortunately they don't have access to the donated funds, because the wallet(s) we donated to is(are) under multisig, and one the sigs is controlled by Lannister, who we haven't seen for quite a long time here. IMO we need at first a nice-looking Opening Post with good graphics and explanation about what Elastic can do and how it works. And I will be happy to make the same translated cross-post in Russian section of BCT |
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Интересно неравноправие в инвестициях в битке против форков так до конца и останется?
Получается в битке совсем не выгодно инвестировать, лучше в кефир перевести например или потом как то это выравняется?
Меня это тоже очень волнует. Единственное, что говорят многие участники по этому поводу: мол поздние инвесторы это тоже видят, следовательно зайдут в форках - балансы выравняются и все будет ок... Вот если не зайдут, то полный облом для всех кто зашел в битках. Разрабы стимулировали заход в битках - многие зашли - теперь по форкам сверх прибыль идет. Зачем такое распреднление по долям сделали?? - не понятно, и одного бонуса на битки было бы достаточно для большего сбора в них. а представь если бы не прикрутили калькулятор то как повезло бы тем кто зашли в форках) так повезло, а так осознано люди в большом плюсе по сравнению с биткоинвесторами.. в обоих случаях ико, которое приводит к тому, что при вкладывании одних и тех же сумм в фиате одни получают 100 другие 300 - вызывает возмущение - особенно у тех кто получиил 100. Не пойму только, почему большинство отмалчивается по этому поводу и шум не поднимает - у всех нервы железные или все очень сильно верят, что курсы выравняются?? - ну или здесь один я инвестор в биткоинах... Посмотрим что отпишут разработчики, но если что, ты должен быть готов так как ты согласился на их условия, инвестировав в их проект. Так что уж извини, никаких реальных предъяв ты сделать не можешь. Да, согласен, система глупая, но какая уже есть. Я тоже в битках кидал, но претензий никаких не имеют. Тут понимаешь, что сам дурак, а еще начинаешь понимать, почему киты в основном заходят в последний день. Сам закидывал биткойны, думая о 10%-ном бонусе, а когда узнал про распределение, был мягко говоря "удивлен". В англоветке есть интересный коммент по этому поводу, содержимое которого взято из пункта 7.10.1 "Правил и условий" участия в кампании пожертвований (Pool F): It remains in the community’s discretion to adopt or not to adopt the smart contract proposal and the allocation proposal of "WINGS Token" as deployed by "WINGS". "WINGS" may not assure or warrant that the community will allocate "WINGS Token" to the "Donators" as set forth above.
Что переводится как: Остается на усмотрение сообщества принимать или не принимать предложение смарт контракта и предложение по распределению "Wings Токенов” в том виде, в котором оно предложено командой "Wings". "Wings" не могут заверить или гарантировать, что сообщество распределит "Wings Токены" "Пожертвовавшим" в том виде, в котором оно указано выше. Т.е. в случае, если с альткоинами ничего не изменится, мы, сообщество, можем отказаться от текущих условий распределения токенов. Для этого, думаю, команда Wings должна устроить голосование (только честное, чтобы не было возможности проголосовать несколько раз, сменив свой IP, как это было как-то в одном проекте). |
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Selling 41,8 GIOTA for 0.7 BTC. Escrow via yassin54. PM if interested. |
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You should all update to the latest Waves mainnet client v0.4.6 or download the latest Chrome plugin from https://wavesplatform.com/ which are able to show you assets you own. There will be no "1W" in your new wallet, though after "1W" the address will be absolutely the same you had before. In ICO Dashboard I guess you also have to enter your new address without "1W", unless devs programmed the ICO site to automatically ignore "1W" (needs to be confirmed) or maybe they deleted it manually when redeeming tokens to your Waves account. |
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Is there anything special to see Incent tokens on our WavesLite client? For instance creating asset etc? My portfolio is empty
Or should they appear on our wallets?
Edit: Also my waves address seems changed on my Lite client.
from: 1W3PAddH2omXTpLDd5GQKTYg7ibYkWjiJvHbZ to 3PAddH2omXTpLDd5GQKTYg7ibYkWjiJvHbZ
I have the same scenario. I can't see any Incent token from my Waves Lite Client. My Incent account has the correct Waves address in it. Is there any problem regarding this? The only thing you need to do is to click on "Portfolio" tab under your address in Waves wallet. And new waves wallets don't use "1W" anymore |
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Just checked my Waves wallet. Received everything, thank you! Though on Incent's ICO Dashboard l can still see exactly 2x(?) "My Incent" tokens beeing displayed... for some reason. Is it ok?
And I can't get to my "My Profile / Stats" page neither in Chrome, nor in Opera browsers. The message "We'll be with you in a moment..." never disappears.
Btw, what is incentCoffee token?
That might be because you entered your Waves address twice - is that the case? Also, we will not delete/reset your Incent balance in the ICO dashboard. Hm, we will look into it! Before I received tokens I had left only 1 address there, but yes, I was trying to delete my old one starting with "1W" and created 2 or 3 same. This is why: when I was trying to add a new waves address I had the page freezed, so I could only realize that addresses were actually added after refreshing it, so later I just deleted those extra ones. Not a very big problem though, looks like I'm the only one facing this. |
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Just checked my Waves wallet. Received everything, thank you! Though on Incent's ICO Dashboard l can still see exactly 2x(?) "My Incent" tokens beeing displayed... for some reason. Is it ok?
And I can't get to my "My Profile / Stats" page neither in Chrome, nor in Opera browsers. The message "We'll be with you in a moment..." never disappears.
Btw, what is incentCoffee token?
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Если лиск, икономи, волны вошли в историю как самые профитные компании, то Вингс войдет в историю как самая неудачная. Да и сама идея бред полный, грубо говоря WINGS - "платформа для штампования ICO-скамов". Вся ирония в том, что они сапожники без сапог. Проект уже обречен на неудачу, кому нужна будет их платформа, если они сами не могут собрать нужное количество средств? Да и стоит учитывать так же, что эра легкого бабла в ICO уже прошла, как мы можем видеть. Слишком много желающих набежало урвать свой кусок пирога. Поэтому, вряд ли wings ждет успех, сольют на самом старте и забудут. Идея DAO, как и смарт-контрактов, - основная фишка Эфира, WingsDAO - конкретная реализация, причём, на мой взгляд, лучшая, которую вообще можно только придумать. И писать, что это "бред", как минимум, - неправильно хотя бы потому, что эта идея подкреплена ~миллиардной капитализацией. По поводу собранных средств: 1 Возможно, после провала TheDAO люди пока не особо хотят связываться с подобной технологией; 2 Либо ждут роста BTC и выход из него сейчас не очень выгоден (к тому же скоро будет распределение Byteball держателям BTC, что лично меня, например, заставило задуматься, стоит сейчас донатить или нет). $1m - недостаточная сумма? Лол. Разработчики просто пересмотрят свой бюджет, вот и всё. По-моему, об этом даже говорилось. Да и деньги на разработку у них и так есть, ведь им удалось привлечь инвестиции от Bitmain. В любом случае сбор всё ещё продолжается и в конце периода сбора вполне можно ожидать захода крупных китов. Насчёт того, что Эра ICO прошла - всё как раз наоборот. Эра краудинвестинга только начинается. Для примера можно взять набирающий популярность bnktothefuture.com и его "дальнейшее развитие" в виде децентрализованных платформ типа Waves или eMunie, которые, имхо, взорвут рынок (в хорошем смысле, естественно), т.к. интерес к криптовалютам, децентрализации всего чего только можно, возможности инвестирования с низким порогом входа без посредников будет только расти. |
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Selling 41,8 GIOTA for 1 BTC. Escrow via yassin54 or Seccour. PM if interested. |
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