Here is my background: https://bitcointalk.org/index.php?topic=584550.0Either you are in or you are out. In: The coin will survive. Out: (like me) The coin will die a slow death. Let us know so we, as a small community, can offer support. Good Luck! Are you part of the dev team or why are you sharing info about yourself at this point? |
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Sure Storm may probably be heading to Bittrex for listing
Bittrex has been lost it's charm and attraction from big whales now they have been moved to others exchanges like Binance and Okex. We need to see it on these exchanges soon Bittrex will lost more in future. The number of disappointed users makes bittrex abandoned, I have never used bittrex for more than a year and I think binance or kukoin is more promising, hope team hear about this discuss. They had a lot of trouble with onboarding of new customers at Bittrex. But don't those other exchanges have the same trouble? |
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If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right.
Unattractive to which other competitive offers? There are banks that give loans without collateral. But there to get a loan will have to go through a lot of procedures plus it will take a long time. What other options are there? I do not know where else you can take a loan without collateral and quickly except as in similar services. Yes, I also do not understand this question. Everything must be considered in comparison. Currently, the interest rates that the platform is going to provide are the best offer on the market. Those who like to talk about loans from the bank without collateral, usually forget about the mortgage, where the collateral is your home. Right but you don't possess a home for speculative reasons. Most of crypto is possessed exactly because of that and that's why it is extremely volatile. Apart from the housing bubble we saw back in 2008, the real estate sector is by no means as volatile as crypto. That doesn't mean your project makes no sense, it just means that striking the right balance to get your business going sustainably is extremely hard. And maybe still too early because of the extremes we are seeing on a daily basis. However, giving it a try also means you are among the first who can collect valuable data about how things should or could be done. |
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Is there a specific reason why you went for the three second block time or was that an arbitrary choice?
Assuming you mean three minutes. We wanted to ensure the network had enough time to mine, submit and verify blocks while ensuring all transactions are send and received in a very fast order... I get that but Monero is functioning pretty well with two minutes block time. I was wondering whether you had a particular reason to change that. |
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Is there a specific reason why you went for the three second block time or was that an arbitrary choice?
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Recently, the crypto currency market has lost 350 billion dollars of capitalization. If the platform were already operating now, how would it survive such severe disasters? I would like to know the opinion of the developers.
I'm not a developer, but I will express my opinion. If the issuance of loans was unbalanced, then this could lead to a complete collapse. But with a proper balancing of the loan portfolio, the external impacts of the market are practically not perceptible. If those loans are backed by cryptocurrency collateral, every platform will have a hard time to survive severe crashes. The problem is that you need to take a very high collateral, which in turn makes your product unattractive. If you don't take a high enough collateral, you might end up with empty hands and be forced to close operations. I am excited to see a platform getting it right. |
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I honestly do not know exactly what is the procedure of listing a coin in an exchange, what conditions are required, how much money is paid or whether money is required for it. Anyway, I think it deserves any effort from developers to do that. I think it's important for Storm to be listed in Bitrex, Binance, etc. Maybe we need to have a little patience ...
It does require money, and the fees are incredibly high to get listed on the major exchanges. Like really really high. We are not talking about $10 k or so. |
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The whole thing of this is to stay alive? I don't wanna be rude but that is not a very awesome value proposition... How do you expect people to spend resources on your coin if those resources were most likely more reasonably spent on other projects, which have something to offer beyond staying alive?
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I respect your approach but the whitepaper is a must to get the discussion going that you are looking forward to. No chance to discuss anything for now. Looking forward to your paper though!
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Are you expecting someone to answer all of your 275 questions or would it be ok for you if someone asks only one of them?  |
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The project’s gonna to reach the level of largest e-commerce platforms. There’re e-Bay and Amazon mentioned. Is it really possible to reach such result working with crypto currencies?
Look, crypto currencies arent different from traditional currencies in terms of circulation. The only difference today is that they’re less liquid and locally distributed. When more trust is generated and received, they will be able to match the traditional ones. In this case, the goals from your example can be quite achievable. But there will most likely also be only one Amazon, too. Any platform with a native currency that is dependent on the overall business activity will die along with its currency if it gets outcompeted. |
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what does platform protect customers from? I don't mean fraud. I mean the whole process of buying and delivering Products
The project will allow a safe platform where members of the crypto community can buy and sell using crypto as payment. At the moment there are very few trusted places where this can occur. We protect both customers and merchants from poor transaction outcomes in the same way a company like ebay does, ensuring that our users are comfortable with spending their funds on our site. At the moment because both parties could be anonymous, a customer could receive a product and never send the funds, or the other way around. We prevent that from happening  So in essence you are just another PayPal? But what's the point of building another PayPal if the new decentralized economy ahead of us wants to get rid of the PayPals and any other intermediary? We can be better compared to the Ebay for cryptocurrency. Disputes between parties are sometimes better solved through controlled human mediation as opposed to a decentralised alternative. That's what you hope for but who knows how awesome smart contract logic might become at some point in time in the future? The goal definitely is to get rid of intermediaries wherever and whenever possible, since they create friction, and friction is another word for costs in this respect. |
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Why has Storm once again valued? Apparently this would happen to Bittrex add this great project! But at the moment, even without Bittrex, Storm is showing strength, the coinnest exchange is reliable? Binance add Storm is impossible?
What makes you believe that a listing on Finance is impossible? I believe at some point in time in the future there is a pretty high chance to get listed there, too. |
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🌽 Getting on Exchanges 🌽Another great advancement this week. We have now officially paid to be listed on 2 exchanges, and are just waiting to be listed. We won't be announcing which exchanges they are yet, just in case something weird happens and they don't go through; but there's no reason why this would happen as we have already paid both exchanges to be listed. I can say that one of the exchanges is quite small, and the other is a MAJOR exchange, so it will be nice to have a diversity of size between the two. It will be interesting to see what the trade volume for the coin is on the first day! The ETA for official listing is at the end of next week, but it could possibly be a little sooner or later, as exchanges currently are having a hard time keeping up with all the work they have to do. Veggiecoin is moving into its next phase as soon as we are listed, of releasing the voting page and starting to fund some animals who need us. This is a VERY VERY exciting time for everyone in this community, and Barney and I are extremely excited for the future! Respect, guys! I mean, you are certainly serving a niche with your project so getting on a major exchange within such a short period of time is a great achievement! |
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Is this meant to work as a charity blockchain raising money for causes surrounding animals in need?
There's a bonus fund that mining causes to grow, but the miners keep 80% of what they mine. So it's not a 'charity coin' per se, more specifically it is a coin that when mined, raises money that is used for animals in need. The coin is still intended to be used as a general purpose coin that will be transacted with for animal-friendly goods and services. However, the mining is set up to benefit animals in need. Ok so you are just trying to build some attractive synergies that combine economic incentives + charity / supporting good causes. Not sure how well people will respond to that but why not give it a try. Do you actually pick certain causes that the money can be spent on? Maybe that would help to give people a very clear idea about the cases they support. In the future, the coin will be transacted for animal-friendly goods and services. For now, the members can vote on which charities should be funded each month with the mining bonus. When the coin hits exchanges within the next few weeks, I will make the voting page available. Over 1 million coins are already mined. We have had about 500 unique miners so far. Now is a good time to mine. The mining guide is in the OP Ok good to know. Will check in here at some point in time again and see if there is a cause that gets me interested. I think it's the right way to incentivize people to take part in charities. |
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So excited to see Charles Hoskinson added as an adviser for Storm project! Huge name and a big thought leader in the space. Love it. Excited for the future!
Yep, there couldn't probably have been a better recruitment at this point in time. Charles has tremendous experience and he can definitely help STORM make the next step into the right direction! Superb! |
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what does platform protect customers from? I don't mean fraud. I mean the whole process of buying and delivering Products
The project will allow a safe platform where members of the crypto community can buy and sell using crypto as payment. At the moment there are very few trusted places where this can occur. We protect both customers and merchants from poor transaction outcomes in the same way a company like ebay does, ensuring that our users are comfortable with spending their funds on our site. At the moment because both parties could be anonymous, a customer could receive a product and never send the funds, or the other way around. We prevent that from happening So in essence you are just another PayPal? But what's the point of building another PayPal if the new decentralized economy ahead of us wants to get rid of the PayPals and any other intermediary? |
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SO I see one more platform for crypto currency payments…) What makes it so unique that I should choose it among the others?)
Have a nice day! You shouldn’t be so skeptical about the growth of the industry! I’m sure that if you conduct benchmarking with traditional financial system, as a result, there will be a very modest number of platforms working in this direction. Nevertheless, KeyRPTO have some advantages even over them. Maybe but instead of just saying that KeyRPTO has some advantages over others, why don't you just give it a head start and mention them all so we can evaluate them for ourselves. |
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Awesome! STORM Token to be listed on Coinnest and start trading 20:30. 26. january  Good news, this will make STORM prices continue like a blizzard. buy now then we will get big profit tomorrow. wow, saw the price rising bit by bit and I was wondering what the news could be, glad to know now that storm is to be listed in other exchange, this is a very good improvement as hitbtc has been having a lot of problems lately causing people to panic sell, I look forward to 1 STORM ~ 1 USD  Yeah but we are still almost 60% down from our all time high. The pump at the beginning of January was massive and I hope it wasn't the last one!  |
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Is this meant to work as a charity blockchain raising money for causes surrounding animals in need?
There's a bonus fund that mining causes to grow, but the miners keep 80% of what they mine. So it's not a 'charity coin' per se, more specifically it is a coin that when mined, raises money that is used for animals in need. The coin is still intended to be used as a general purpose coin that will be transacted with for animal-friendly goods and services. However, the mining is set up to benefit animals in need. Ok so you are just trying to build some attractive synergies that combine economic incentives + charity / supporting good causes. Not sure how well people will respond to that but why not give it a try. Do you actually pick certain causes that the money can be spent on? Maybe that would help to give people a very clear idea about the cases they support. |
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