I love learning mining development, but how is your coin better than Dogecoin?
Cheetahcoin (CHTA) is complementary to Dogecoin. We have lots of doge lovers in our community of investors/miners. Doge is mainly a meme on dog, Cheetahcoin is a meme on cat. That is different on meme already. Cat lovers are huge across globe, there is huge potential on meme. It is still early. Beyond meme, the main enhancement is the at home experience on mining and low transactions fees. Dogecoin mining at home is tough, mostly unprofitable unless you have free electricity or expensive ASIC rigs. You can mine doge with CPUs on PC Mac or android phones, but the end result is zero coins. CHTA is different story, you can mine with android phone profitably, you can get full blocks mined almost everyday thanks to tech forked from Nengcoin. Many are dual mining NENG/CHTA on same phone or PC. In fact, one might just sell your CHTA reward at southxchange and trade to doge or BTC from mining rewards to get more profits if you like. USB ASIC mining with Gekkoscience NewPac is wonderful too for Cheetahcoin. The device is cheap and draw small electricity. You can mine this device for bitcoin, but mostly unprofitable and almost no coins of BTC. In stead, you can mine CHTA on this device very profitable, particularly on reset days, like a mining game of decentralized airdrop on reset, you can mine millions of CHTA on reset (if properly setup on solo mining mode with full node, not at pool). Gaming like profitable experience mining Cheetahcoin with USB ASIC is another attraction that do not exist on dogecoin (nor on BTC). |
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Not really into that. This is wrapped token 1:1 backing from Nengcoin (NENG). There is no airdrop or campaign possible on this WNENG. WNENG for now is just an extension of NENG eco-system. |
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WrappedCheetahcoin (WCHTA) Launch ProposalLim Jun Yih, Hong Lu - Developer Team of WrappedNengcoin & WrappedCheetahcoin 8/8/2021 * Proposal to Launch WrappedCheetahcoin (WCHTA) at SouthXchange * Why Do We Need this Wrapped Token? * The reason we chose BSC over ETH for WCHTA Launch * Benefit of WCHTA to Cheetahcoin Eco-system * Risk of WrappedCheetahcoin and Defi * Disclosure of Process of Development of WrappedCheetahcoin * Why is 210 million WCHTA total Supply and Maximum Total Supply? * How Do We Issue 210 million WCHTA? Full Text https://github.com/ShorelineCrypto/WrappedCheetahcoin/releases/download/WCHTA_launch/WCHTA_launch_proposal.pdf
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What will be the benefits of those who will swap their NENG to WNENG? What is benefit to swap into WNENG from NENG at southXchange? The main benefit is that if a NENG investor/trader want to do defi, meaning liquidity pool farming, or you want trade NENG around with Metamask for whatever reasons, convenient reasons etc. Sometimes, you may just want to trade. For example, selling NENG from your mining operations, sell NENG -> WNENG -> pancakeswap into BNB, maybe the price at pancakeswap is better, or whatever, reasons. DeFi, trading price (buy or sell), liquidity farming on BSC etc. It could be all the reasons to do the swap. It is choice there. However, I do want to point out, if someone just want to HODL NENG, withdraw NENG from exchange into private wallet owning private key, NENG is the right choice, not WNENG. So each has its usage and purpose. |
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What is so special with Nengcoin why you created wrapped coin for this? I thought only popular coins like BTC have wrapped type coin. Also, I haven't seen Nengcoin listed in coingecko or cmc, so is this available for trading only at SouthXchange? What will be the benefits of those who will swap their NENG to WNENG?
Yes, you can checkout Nengcoin bitcointalk ann to find link to trade NENG at southxchange and shorelinecrypto. Nengcoin (formerly NewEnglandcoin) just got listed in SouthXchange recently and along with WNENG. Nengcoin itself almost has been around for three years. The specialty of Nengcoin other than it started as regional coin in USA: (1) technology, Nengcoin started as ASIC mining coin on scrypt (a litecoin clone) three years ago. Now it is changed to multi-rig scrypt coin with mining heavily by USB ASIC miners and CPU and android phone miners. It is first coin that developed mobile mining technology that offers profitable and reasonable proof-of-work mining for android phones. It is good choice for mining on a cheap USB ASIC rigs like futurebit moonlander2 too. (2) mobile decentralization movement along with Cheetahcoin for average people across globe who only have android phones, who can not afford big ASIC rigs (machine cost or electricity cost) who can dual mine Nengcoin & Cheetahcoin in the same phone (same PC too) profitably. (3) price appreciation potential, great for investors and hodlers. Nengcoin price on USD rise was close on par with dogecoin, which is best coin in the market so far recently. In 2020 one year, Nengcoin price rise on USD was actually higher than dogecoin. So the WNENG WrappedNengcoin is just another extension to Nengcoin eco-system to allow NENG investors and fans to have another entry into DeFi world. NENG + WNENG you have everything at home at low cost, script ASIC mining, USB ASIC mining, PC CPU mining, android mining, DeFi, liquidity pool farmining, dex swapping. Have fun and welcome to Nengsters communities |
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WNENG/NENG Swapping at SouthXchange - Proof of ReserveWrappedNengcoin (WNENG) Proof of Reserve WNENG/NENG can be swapped with each other at SouthXchange with SouthXchange as custodian. Math at SouthXchange custodian wallet on 1:1 backing Total WNENG issued: 740 million WNENG. Pre-launch WNENG used for pancakeswap liquidity pool: 55.763473 million WNENG Extra NENG deposit into custodian wallet for the pre-launch usage: 55.763473 million NENG Pre-launch WNENG used for southXchange testing purpose: 10,000 WNENG Custodian Wallet Total balance at launch: 684.226527 million WNENG 795.763473 million NENG Initial launch proof of reserve on 1:1 peg screen shot. https://www.reddit.com/r/nengcoin/comments/ozz65d/wnengneng_swapping_at_southxchange_proof_of/
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WNENG/NENG Swapping at SouthXchange - Proof of ReserveWrappedNengcoin (WNENG) Proof of Reserve WNENG/NENG can be swapped with each other at SouthXchange with SouthXchange as custodian. Math at SouthXchange custodian wallet on 1:1 backingTotal WNENG issued: 740 million WNENG, 1:1 backing on NENG pre-mine dev fund. Pre-launch WNENG used for pancakeswap liquidity pool: 55.763473 million WNENG Extra NENG deposit into custodian wallet for the pre-launch usage: 55.763473 million NENG Pre-launch WNENG used for southXchange testing purpose: 10,000 WNENG Custodian Wallet Total balance at launch: 684.226527 million WNENG 795.763473 million NENG Initial launch proof of reserve on 1:1 peg screen shot. https://www.reddit.com/r/nengcoin/comments/ozz65d/wnengneng_swapping_at_southxchange_proof_of/
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WrappedNengcoin (WNENG) Launched - WNENG/NENG Swapping at southXchangeWrappedNengcoin (WNENG) is Binance Smart Chain (BSC) token (BEP20 token) with 1:1 pegged with Nengcoin (NENG) at SouthXchange for swapping. With release of WNENG on BSC, a lot of defi and yield earning opportunities open up for fans of Nengcoin communities. - Name: WrappedNengcoin
- Symbol: WNENG
- 1:1 backing with Nengcoin (NENG). Custodian is southXchange
- Total token supply: 740 million WNENG
- Maximum token supply: 740 million WNENG
BSC Token ContractBSC contract address: 0xaD2c0B5ee5424C6b6f9C06E4fEF3FD7CD9FF0264 In metamask, Add Token with this contract address, the token holdings you own should show up. GithubWNENG contract source code is verified on BscScan. An exact copy is at: https://github.com/ShorelineCrypto/WrappedNengcoinExchangeSouthXchange https://main.southxchange.com/Market/Book/WNENG/NENGPancakeswap https://pancakeswap.finance/A liquidity pool of WNENG/BNB is setup, in general swapping of WNENG with BNB or any other supported token can be done in pancakeswap. Yield EarningA liquidity pool (LP) is setup already for earning yield on WNENG and for facilitating pancakeswap trading on WNENG/BNB pair. Pancakeswap https://pancakeswap.finance/If you want to join liquidity for earning yield, you will need to add both BNB and WNENG together into the pancakeswap liquidity pool. To find WNENG in Pancakeswap and in Metamask, make sure copy and paste the contract address into either of them if necessary to find the LP and token. Block ExplorerBSC scan https://bscscan.com/address/0xaD2c0B5ee5424C6b6f9C06E4fEF3FD7CD9FF0264WNENG/BNB PancakeSwap Price Chartpoocoin.app https://poocoin.app/tokens/0xad2c0b5ee5424c6b6f9c06e4fef3fd7cd9ff0264
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Base diff reset again, boom for USB ASIC solo miners
I think CHTA reset again. My gekko newpac crashed. Now diff = 763
Another boom for USB ASIC like gekkoscience newpac solo miners
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A Friendly Remind for All miners (Android/CPU/ASIC)
Just a friendly remind. A remind for all solo miners on android phones, CPU miners, or USB ASIC (Gekkoscience NewPac) , or big ASIC rig solo miners.
The CHTA blockchain just hard forked this morning hours ago. This means that those miners who are still on older version of wallet (v1.7.x or older) will mine dead chains as new chain can only be mined on version v1.8.x wallet (Full Version Name: v0.8.9.0-randomSpike-v1.8.x ) .
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Cheetahcoin Successfully hard forked on height 383578On block height 383578, a cheetah block with difficulty = 12 was mined, successfully hard forked into new chain on v0.8.9.0-randomSpike-v1.8.x version ( or v1.8.x version ) of core software. On this block or after, old wallet version on v1.7.x will no longer be synced to latest block. block explorer on this forking block: http://chtaexplorer.mooo.com:3002/block/000000000847bc09e06c728e09026ec4770b118c038ea87155e3454b588eca8bExchanges of shorelinecrypto or southXchange CHTA wallets were checked and confirmed to be correct on this latest version after hard fork.
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WrappedNengcoin (WNENG) Launch ProposalLim Jun Yih, Hong Lu - Developer Team of WrappedNengcoin & WrappedCheetahcoin * Proposal to Launch WrappedNengcoin (WNENG) at SouthXchange * Why Do We Need this Wrapped Token? * The reason we chose BSC over ETH for WNENG Launch * Benefit of WNENG to NENG Eco-system * Risk of WrappedNengcoin and Defi * Disclosure of Process of Development of WrappedNengcoin * Why is 740 million WNENG total Supply and Maximum Total Supply? Full Text: https://github.com/ShorelineCrypto/WrappedNengcoin/releases/download/WNENG_launch/WNENG_launch_proposal.pdf
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Base Difficulty Reset, Boom for USB ASIC Solo Miners
base difficulty just reset two hours ago, my gekkoscience newpac solo miner hit more than 1 million CHTA today.
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stay at shorelinecrypto exchange  Come to discord and vote against the delisting from ShorelineCrypto. Just took look at current votes there, it is 50:50 for/against SLC delisting. Delisting from shorelinecrypto is real possibility if enough votes from community want that. |
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WNENG Supply IssueMore discussion in Discord "dev-chat" channel on the issue of coming Wrapped Nengcoin (WNENG) total supply and maximum supply cap issue will777 — Yesterday at 12:53 PM I agree on the cap of the token, but unsure of the amount. I do agree what is minted should always be backed 1:1, but how is the total possible cap quantity ascertained? honglu69 — Yesterday at 1:11 PM I mainly look into WBTC, which has 1% (actually less than 1%) https://coinmarketcap.com/currencies/wrapped-bitcoin/WBTC can do 1% of BTC as its supply. WNENG can do 1% of NENG supply too at 500 million WNENG at cap. This falls into pre-mine balance so that we have already, no need to do anything. Just use pre-mine for 1:1 backing. Premine current balance: 740 million NENG We could use 740 million NENG to issue 740 million WNENG, capped at 741 million WNENG. no need to do donation. More than this, a donation is needed. We do not have more than this on public treasury fund.
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WNENG Dev Updates and Thoughts@Sefia Sefia posted two youtube guide on how to create BSC token (or BEP20 token). There are other youtube guide too. The method of steps are quite similar, setup Metamask wallet, connect to BSC. copy and paste smart contract, a software code of Solidity like this: https://github.com/jklepatch/eattheblocks/blob/master/screencast/308-create-bep20-token-bsc/Token.solor this: https://github.com/CEO-Token/token/blob/main/token.solcreate token, mint, done a token created in a few minutes for a USD dollars of BNB cost. The key question I believe that we need for WNENG or WCHTA on BSC as BEP20 token is that, we want a fixed supply. Just toss out some idea, 500 million NENG as total and maximum supply for WNENG using pre-mine as 1:1 as back up. We want this supply fixed, capped, no more. There are two ways of doing this (1) disable minting capability in the smart contract. No new minting, therefore no more supply after the initial mint of 500 million NENG. (2) or set a maximum cap in the smart contract source code so that more minting is OK, but no more than this supply. I think other options are fine for our WNENG or WCHTA wrapped coin need. But cap is key requirement. Need for a Supply Cap for Wrapped Coin"cap" is something we must have on our WNENG or WCHTA. I do not believe the code on two github link has a "cap". They allow the owner to mint more tokens down the road later. I do not believe we want a token wrapped coin with such control by the creator or owner. This is also a security risk too. What if the owner lost the key, and some hacker created unlimited supply on minting more tokens? no good. I think "cap" is only thing that is in need. Others are no big deal. burn it, sure, yes or no. Possible SolutionsTrust Wallet has this "Token Create" ound a new way of creating BEP20 token for our need, really easy, with option of "disable mint", this looks like a free API: How to Create Your Own BEP20 Token on Binance Smart Chain Today https://trustwallet.com/blog/how-to-create-your-own-bep20It calls "Token Create". Looks like a free method, allows wallet connection to Metamask another method I found to do a "cap", inserting two lines of code in solidity contract code, by this link: https://forum.openzeppelin.com/t/how-to-create-a-capped-bep20-token/7754/2require(totSupply < 10000000, 'Maximum supply Reached');
mintFunction(..); Actually just one line of code, saying that total supply must be smaller than this number. In our case, I can insert of one line code, say that total supply must be smaller than 501 million for WNENG. that solves the cap issue. This of course needs to be tested. Say I want to mint 600 million WNENG, it should fail, because this code say no more than 501 million supply. This could be really easy one line fix. Everything else on the one of github source code is fine. We just need a cap on the supply no matter who is the owner of the contract. More on discord "dev-chat" channel: Sefia — Yesterday at 1:10 AM
Just focus on the generated smart contracts
that is the most important
creating token is super easy
Smart contract is the crucial one
honglu69 — Yesterday at 4:04 PM
yes, creating token is truly easy, no big deal. The key is the smart contract source code, mainly the issue of "cap" on supply. I have found multiple web sites and services available for doing a service on fee payment for a "cap", mostly half BNB to 1 BNB fee. That sounds too much. A cap, could be just one line of code. We could figure it out ourselves without paying any real dollars there for this.
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Nengcoin Job Board Forum@RedRaiders10 『🥉』 — Today at 9:39 AM @Cubs Hello Fellow NENGsters!! One of our community member Post: @Dr_Robot『🥈🥉』 - “I have made a forum for the job listing idea I had previously. Until I get a .com domain and decent hosting setup it will be at https://forum.drrobot.tk/ it is using cloudflare so no ones IP makes it to the host which is good for security purposes.” Thank you for your time and as Always Happy mining!
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