What is this?
Put simply, I've had a lot of requests to do something with Nxt and until now I never really had a reason to. I've been convinced that there is an opportunity for us to get more people involved with these coins. We have GorillaStk on Nxt, also on SAE, which will be open fairly soon. These will be used to trade in for either 10k or BALLS and get a Cloud Staking Plan included. These will be sold in waves; size of sales undetermined and timing unknown, but price will never change. First wave will open very, very soon. Instead of an investment opportunity, think of this as a cheap voucher you can use yourself or give to a friend. Essentially, it's a $40 coupon for about 50 cents with no expiration date that is transferable and may or may not be worth more in the future Trade in Rates- You will receive 10 x BALLS for 1 token OR
- You will receive 1 x 10k Coin for 1 token
- AND -- An address that stakes on a GorillaStake server until at least January 16th, 2016
- Coins are transferred to a new address and you will be sent the Private Key
- Private Keys purchased via Nxt will be sent through Nxt encrypted message
- We reserve the right to extend the staking period at any time. It will not be cut short
- When redeeming for cloud staking, please include which coin you would like in your transfer note
How much is it?
The price will be 50 Nxt per token. This price includes both the coin ratio listed above, as well as an address staking for nearly a year. Signing up on our website is $20 for six months. This program is designed to make it easier to involve new people in cloud staking while funding the address with a small amount to get them started. For just a few satoshis, you can purchase an address for a friend and get them a small balance to get going on a cloud staking server...or use it for yourself! This doesn't seem like a good idea
It is, though. If you were to grab an address on GorillaStake by itself, they are $20 for 6 months. We know this is a very solid price point as many people have already registered and were more than happy to pay that small fee. This is a way for us to include new members of crypto that are not currently involved. This price was decided after much deliberation and the reason is simple. Right now, both of these coins are at as low a price as they have seen in a while. At this price point and the amount of tokens that will be available, I will be able to cover the balances if every single one was sold, regardless of the market price. This means that if the price goes up even in the slightest, these tokens will be worth more and more. They come with a small balance to prove how well GorillaStake works before you deposit more coins and put more trust into our system. If you are unsure whether GorillaStake is for you, or just want to have a way to get a friend involved quickly and for pennies, this is the program for you! If this is not for you or it seems like a bad deal, please do not buy it. This was requested by many people and they are our target market
This promotion will be successful whether we sell all the tokens or none at all; it doesn't matter. This is simply a way for us to expand our user base
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There are Some stupid people they sell to cheap  mother#@ckers Chill dude, just chill... While they are selling it this cheap, it should still be considered an opportunity to buy them this cheap, you should always get in into any crypto with a long term vision... The future is bright for 10k, just chill, and don't ruin the chances of getting new investors to 10k by talking BS, we should not talk about the price, this is what I want, and the opposite which we are already doing, i.e.; talking about the prices everyday, this is what the bagholders want... When someone sells for a poor price, someone else buys for a great one |
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100Kof 10K coin in my wallet celebration  gratz!!!1  way outta my league lol Q i amfrom 3 Feb,almostnoselling,just some to buy balls all together i have bought 1000 coins i started at launch , ... chucked 2.6 Th/s at the pool and got 6 coins... bought 200, have staked since and am now up to 4200... holy cow just got my stake +1275 10k omg orphan again .. guess i wait more lol Orphans are expected while the network adjusts to the new fork Orphans are expected while the network adjusts to the new fork new fork,can you say something more Yep, it will fix itself with time |
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100Kof 10K coin in my wallet celebration gratz!!!1 way outta my league lol Q i amfrom 3 Feb,almostnoselling,just some to buy balls all together i have bought 1000 coins i started at launch , ... chucked 2.6 Th/s at the pool and got 6 coins... bought 200, have staked since and am now up to 4200... holy cow just got my stake +1275 10k omg orphan again .. guess i wait more lol Orphans are expected while the network adjusts to the new fork |
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Let them compound. It'll get bigger quickly
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It's ok, as long as everyone is on the same fork
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Yes, it's normal
No, it most likely won't be added
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I am a bit lost here
Staking Changes
Staking will return to its previous frequency
Stake rewards have been updated to be more interesting
Now based on block number in a specific, fixed range
A few features or changes have been cut to prevent a coin swap to a new chain
Stake rewards start fluctuating at Block 200,000
1. return to which frequency?
At the beginning it was 16000% Then turned to 1000% (then I don't know if there was any other change) Now I read 20000%
It was never 16000% - Percentages have nothing to do with frequency of staking... duh, my bad then. was it 1600 before 1000%? well, what is the POS % now and what is the frequency change difference? (from/to) thanks It was 5000% originally, now it fluctuates between 1% and 20,000% and changes every block |
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I am a bit lost here
Staking Changes
Staking will return to its previous frequency
Stake rewards have been updated to be more interesting
Now based on block number in a specific, fixed range
A few features or changes have been cut to prevent a coin swap to a new chain
Stake rewards start fluctuating at Block 200,000
1. return to which frequency?
At the beginning it was 16000% Then turned to 1000% (then I don't know if there was any other change) Now I read 20000%
It was never 16000% - Percentages have nothing to do with frequency of staking... |
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Is there a limit you can earn? Asume I send my 320K BALLS to a new address and I get the 20.000% stake! Is that posible? No Yes |
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The problem we are facing at the moment wiht the dumpers is that ti is not going down gradually at 50 or 100 sat a time but it goes down by more than half each day or every other day..my half a btc investment has dwindled to less than 0.14 even though I am also adding to it, bought 3k more yesterday so now wondering..
a) will I ever get the value back, 2) when will the dumpers stop dumping it down by 50% a time..Then I want to see in a month from now if I can break even at least.. 3) will it ever recover a bit like balls did and stay at an almost constant price? 4) Should i stop buying now till we reach the very bottom? when will it be bottom? at 100 sat?
Because there are not enough markets and sells and not spread out. Poloniex XMR market would be a perfect fit for 10k |
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Second stage of the fork kicks in at block 200,000 when the rewards change
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Why did you guys want a multipool so bad if only a few people are going to use it...?
with the idea that the multipool could help supplement 1oK market in the absence of buying pressure. current conditions are suject to change and its just the beginning and more miners could began to see theres a greater incentive to mine with 1ok multipool. Its seems market conditions have either detered or scared new investors. without dumpers racing each other to lower the value jus to be able to accept less every passing hour 1oK would appear much more appealing to new investors. 1oK may need more martketing to attract new comers? P2P360 The concept of this coin with 10,000 % stake, has proven disastrous, the value is in a free fall from day one, resistance is useless, people should just cancel their buy orders because eventually will be at 1 sat. A free coin will be sold for anything. The reason i hate stake coins, one needs to work for it, in order to appreciate it's value. 10Kcoin will soon be 0.0000001 coin people said that about balls too, been holding its own , i think its quite low right now but its about 126 times your estimate. move on sir, good day +1 yes just move on Thanks for the advise, and that is what i am doing. Why would i spend my hard earned BTC a POW coin,...SHA256 at that, to buy a free earned POS or Piece Of Shit coin ? And wouldn't you guys like new comers, or unsuspecting victims to hold your weight, everyone looking for the new bagholders,lol. Stake coins + bitcoin whores = 99% investment loss + Dev abandonment. Besides nobody here knows but i do, well here it is,...this coin was supposed to be only 1 coin ever mined with 10,000% stake, the DEV's did not agree and the asshole won, now you have a worthless coin in the making. 1 coin was my idea, actually, but we couldn't get it to stake properly, so we moved away from it |
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What is the current block number so we can verify correct chain?
197588 |
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We are now on 2.0.1 - Blocks are flying - Expect block 200,000 and the new stake rewards to kick in tonight
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This is literally your last chance to update to BALLS 2.0.1 before the fork 
Significant changes in the BALLS 2.0.1 Two Stage Hard Fork:- Protocol has been switched back
- Blocks will return to their previous speed
- Protocol switch occurs at 1424995200
- 02/27/2015 @ 12:00am (UTC)
Staking Changes- Staking will return to its previous frequency
- Stake rewards have been updated to be more interesting
- Now based on block number in a specific, fixed range
- A few features or changes have been cut to prevent a coin swap to a new chain
- Stake rewards start fluctuating at Block 200,000
Stake Reward Structure in its entirety is as follows:int64 GetProofOfStakeRewardYear(int nHeight) {
static int64 nBaseCoinYear = 5000 * CENT;
static int64 nMaxPercent = 20000;
static int64 nReward = 0;
if (nHeight <= 80000)
return nBaseCoinYear;
if (nHeight <= 85000)
return nBaseCoinYear + ((nHeight - 80000) * CENT);
if (nHeight <= 94000)
return (nBaseCoinYear * 2) - ((nHeight - 85000) * CENT);
if (nHeight < 200000) {
return 1000 * CENT;
} else {
nReward = (nHeight % nMaxPercent);
if (nReward == 0)
nReward = nMaxPercent;
printf("Stake percent on block %d is %d\n", nHeight, nReward);
return nReward * CENT;
}
}
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