What kind of dumps you talking about? Diamond is a rare coin (which is only 4.38 million coins in the system), it's like you have rare coins or antiques.
POS system protects network (no need for a huge number of mining farms, in the case of BTC or LTC)
And most importantly, this coin is not premine which usually sell the developers before they escape.
My only point was really the factual error of the LTC doubling in price after the halving which clearly didn't happen... |
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Quick reminder, we have about 55 more days until the next DMD Diamond stake rate halving. This means the annual stake rate will go down from 50% to 25%. More importantly, this will also halve DMD Diamond supply generated by staking of Diamonds currently available. We already know how scarce DMD is and how hard is to buy any meaningful amount. Well, it s gonna be ever harder to get your hands on DMD in less then 2 months. So, in other words, the same demand will meet 1/2 of the current staking induced supply and this will definitely affect the price. Comparing this to the latest LTC block halving, where the LTC price doubled after block halving, it is highly possible we can expect the same scenario with DMD Diamond. Personally, I will be trying to get every single Diamond I can during these last 2 months of current staking rate. Again, this is my plan and my agenda of how I can the situation, not an investment advice. Remember, scarcity created value and DMD Diamond supply s about to change big time.  I don't want to be negative but LTC did not double in price after the reward halving at block 840,000 (25/08/2015) but the price actually dropped before recovering again. See below:  The USD price shortly before halving was over $4,- and after the halving was $2.5,- and right now it's $3.33,- so that's an increase of 33.2% to date from the day of the halving (with a spike on 04/11/2015 to $4.882,-). The same was true of DOGE after the halving and the price has since fallen as you know. The reason I'm saying this is that I am a big supporter of DMD and I have a few and I also have shares in the DMD cloudming so I want a bright future for DMD. What might be counter-productive is too much hype and building of expectations in the community, especially among newcomers with little experience. You have been on a good path and should stick to it and make sure that the community is behind you all the way. Anyone knows that you can not predict value and prices and that if you hype people into buying DMDs and then the "promised" price hike doesn't materialise you will have a bunch of people unhappy with DMD and will not help to bring you forward and are likely to dump and leave. |
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How much coin distributed? Can i join and receive some Mojocoins in next month?
Yes, yes, just be patient for a few days and I will announce the next round and the raffle. |
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The November round has now ended. Stay tuned for the "cryptoraffle", coming in the next few days...
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I'm sorry but I couldn't find this anywhere or I overlooked it. I just bought some shares in the DMD cloudmining but how long do the shares last?
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I saw that this morning, I'll help out with keeping DMD on Bittrex, I am a big fan of your project  |
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I have just deposited some DMD and some ERC today and I have already had some stake reward. Really interesting concept and I like it, hope it runs well and long. Good luck and great work !!  |
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and then maybe MOJO will have value i prefer this statement compared to the one you said earlier.
I agree, I do believe that ultimately MOJO will have a value in BTC or Nxt but how much I think will depend on a range of factors and one of the advantages of running it on top of Nxt is that there are no issues around nodes and such and the network is stable and secure from the outset. What we are exploring is the possibility of giving MOJO it's own identity independent of Nxt. With this way of creating a coin we are free from some limitations you have when running a "normal" crypto where there is a need / expectations for continues development and the promise of new features to drive the value and where you are dependent on miners of people staking. This is running as an experiment with regards to distribution and also with regards to where it will end up. Therefore, no promises of any fancy features or promises of anything at all really. The only thing that is certain is that MOJO will be available and running for as long as Nxt is running. If we are able to find a way to "break away" from Nxt dependance we will explore that but for the time being we are happy to exist with Nxt in order to complete the distribution and contemplate various ideas. |
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Just curious about how you want to secure that the coin's price will not decline after the official start as the most NXT MS coins did :/ Already 167 registered members
Distribution is still available dev?
Yes, yes, until the end of November and then we'll start the crypto-raffle etc. The coin has no value at this point in time so it can only increase in value, so to speak. Nobody is selling and nobody is buying. I want to distribute a lot more coins and put a few things in place before I will approach any outside exchanges. I haven't put a value on this and I am not putting any for sale, it will distributed over some time. You are absolutely right that the coin does not have any value as at now, are you saying you will still give us more coin apart from the 5000 distributed? Yes, exactly, once we have the 210 "members" in November we will open up for 100 new "members" every month until further notice and once a month there will be a "raffle" where we will enter all the previous "members" up until that point in the draw. So, the distribution will be by 100 * 5000 MOJO every month (if we get 100 per month) and then the coins through the raffle. The early adopters will have a greater chance of getting coins but everyone that enters will have a chance to get a good chunk of coins also. With regards to value, well, the coin itself runs on Nxt and so it can be considered to be "fully developed" in a sense and there will only ever be 100,000,000 MOJO in existence. Once the coins has been sufficiently distributed we will seek to develop utility for the coins in the same way as any other crypto coin and then maybe MOJO will have value. |
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Just curious about how you want to secure that the coin's price will not decline after the official start as the most NXT MS coins did :/ Already 167 registered members
Distribution is still available dev?
Yes, yes, until the end of November and then we'll start the crypto-raffle etc. The coin has no value at this point in time so it can only increase in value, so to speak. Nobody is selling and nobody is buying. I want to distribute a lot more coins and put a few things in place before I will approach any outside exchanges. I haven't put a value on this and I am not putting any for sale, it will distributed over some time. |
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Already 167 registered members
Distribution is still available dev?
Yes, yes, until the end of November and then we'll start the crypto-raffle etc. |
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Someone now has over 500,000.
I think that might be Bittrex but not sure. Bittrex has around that amount but it's hard to know the exact amounts. |
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Dev , did you receive my PM ?
my name not found on spreadsheet
Just put it on |
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Link to spreadsheet with BITZ running costs: LINKI have decided to document the running costs of BITZ and it's associated features. This is part of a drive towards total transparency with regards to costs and donations. I will update the spreadsheet with previous costs for this project. |
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The block explorer will expire shortly and not a single donation has been received to keep it going. I guess that makes sense as only 5% of BITZ are staking:  That's pretty poor and shows that nobody cares and leaves me free to make any kind of decision I see fit for the future of BITZ. Whoever is no.1 on the rich list should care? No... |
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 You can now use BITZ to get an automatic trader bot. If you decide to buy the trade bot please use ref: EBK1000 and receive BITZ & BITZx asset. |
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Will this affect the total number of DMDs to be issued or will this be included in the already agreed rollout?
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