Due to the usual delays and problems that happen on the launch and for security reasons, we decided to make the distribution of the coins manually. When the process is completed we will perform the distribution in the first 24-48 hours. The process will be carried out both on the web and in a spreadsheet for internal use to avoid any problems and ensure a stable and fair release for everyone.
It's OK provided that all participants will receive their stakes BEFORE the coin hits exchange(s). Also, what if there will be hundreds, or thousands of participants? Are you really going to manually process all those transfers? It's your choice - I'm just curious  |
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30% is a bit high 10-15% is reasonable or the op can make a poll and we can cast a vote, just don`t put the whole supply on the ICO, and may i repeat this in every ICO coins i have participated please a working wallet on launch please.
We thought this for a long time. 30% will be distributed during a year of mining, not for a few days or weeks. We believe it is the best way to make a fair distribution. But equally we will read the opinions of everyone before launching the maintnet. That is a good idea. Just be fair between POW and POS so many people will join this project . It's bad idea imo and POW distribution is the worst. Consider to use LISK-like or similar scheme Devs won't get any money from POW miners - the miners will be just dumping the coins |
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• Block Time: 12 hours
12 hours block time? seriously...? BTW, you want fair distribution and consider PoW...? the mighty ones will eat all poor little ants :-) Tomkat, thanks for let me know. As you can see here i made a mistake: • Minimum Stake Age: 12 hours
• Block Time: 12 hours
12 hours is the minimum stake age, not the block time. The block time is 60 seconds. I just edit the ANN. You're welcome What about PoW? Are you really considering it? You could go with proportional with bonuses (like LISK), or algorithmic (like XEL http://www.elastic.pro/donations#). Whales will collect their stakes anyway regardless of your distribution model |
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• Block Time: 12 hours
12 hours block time? seriously...? BTW, you want fair distribution and consider PoW...? the mighty ones will eat all poor little ants :-) |
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How now I can run the master node, if necessary sum of 300 000 XAB? And one more question, I see that the master node 79.119.43.54 sometimes off-line. What will happen to the chain, if it is a long time to be off-line?
You need to have 300.000 XAB in your wallet as a collateral. If you have that amount you just have to click Create Local and thats all. If a masternode goes off-line nothing happens, since the PoS block aren't generated by Masternodes. These are getting only rewards from PoS. If masternodes don't generate blocks, then what are they used for? Collecting POS rewards only? For now the Masternodes are special nodes that are ensuring a healthy network by rewarding it's owner for keeping the Masternode online Ok cool, but you said "If a masternode goes off-line nothing happens", so what is the benefit of having masternode in the network if nothing bad happens if it's not in the network...? Masternodes seem to be getting rewards for nothing... Masternodes are getting their reward first of all for locking a considerable amount of XAB in a collateral address, also they are earning for securing the network only when they are online, if a Masternode goes offline they are not receiving the share from PoS Well, if they don't generate POS blocks then they actually don't secure anything. No? The only benefit seems to be the lock out for 300 k XAB, but the logic of lock out (at least for me) would be not to allow maturing in order to get rewards, but to get rewards for not dumping. I'm not sure how does it work, so more details appreciated please... Another question: if reward for locking coins is higher than POS block generation ( 10 vs 8 ), then I guess the maturity time should be longer, and some additional locking conditions would need to be applied too...? Dev: still waiting for an answer ... please... Just a reminder about my questions about masternodes As of now I recognize masternodes as spongers that don't do anything useful except locking 300k+ XAB. Is such lock out worth 55% of the reward from EACH block? |
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if stratis will on exchange 1 month after ICO end and the mainnet too, why not the end of ICO change to middle of august maybe can make more investor invest to this ICO, just my opinion Someone proposed to allocate STRATIS coins to dev team in case of insufficient BTC funding. Perhaps it could be an incentive for devs? Obviously it would create a sell pressure, but maybe it's better than underinvestment...? |
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OK, but what if CHIP price will be changing significantly?
Don't you think the fixed CHIP/BTC ratio should be defined explicitly?
There had to be drawn a line at some height.. So I choose for the avarage trading price of 300 Satoshi.. If the price goes higher because of round two, I will not change the set price. That would be unfair for people in round one.. This is not a swap, but an investment opportunity for both rounds.. There is no telling at this point how many coins will be collected in round two.. or what will happen with the markets.. So, 300 sats is official fixed exchange ratio for CHIP/BTC in round 2, correct...? |
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What amount of coins will be distributed, could't see this in the OP?
Total amount is 190 k PIO, but what's the amount of PIO that will be distributed in round one for BTC investors? This all depends on the total outcome of round one and two together.. Example: Round one raised 10 BTC Round two raised 3.33 million Chipcoin = ~10 BTC Chipcoin is pegged at 300 satoshi each, this is the average price of Chipcoin, and current market buy price. Round one = 50% shares Round two = 50% shares Don't think Chipcoin holders are at an advantage here.. Every coin used in the crowdfund is bought once before on the free market.. This is the same for Bitcoin and Chipcoin.. Some bought cheap, some bought high.. The collected Chipcoin will be used for multiple new campaigns, and exchange promotions..  OK, but what if CHIP price will be changing significantly? Don't you think the fixed CHIP/BTC ratio should be defined explicitly? [Edit] You don't know the price people paid for CHIP so you can't actually calculate BTC amount for CHIP. So, how exactly are you going to perform final calculations? |
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What amount of coins will be distributed, could't see this in the OP?
Total amount is 190 k PIO, but what's the amount of PIO that will be distributed in round one for BTC investors? 190 k divided by the number of those btc prticipants and that we can see how much this coin will worth right mate? i hope many support will join us here as the dev is really working hard for this to fullfill. good luck dev. I think the distribution will be divided unequally between BTC and CHIP investors but not sure what will be proportions. We only know that CHIP part is capped to 30 BTC but don't know the amout of PIO allocated to BTC round. [Edit] And how is CHIP cap calculated? Is there a fixed price? |
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What amount of coins will be distributed, could't see this in the OP?
Total amount is 190 k PIO, but what's the amount of PIO that will be distributed in round one for BTC investors? |
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Yes 2 days because I have no time to monitor the thread for changes... wise guy
If I was informed that anything has changed, then the translation would be updated within 1-2 hours... wise guy
you are obliged not just to translate main thread but also to follow the updates and post them before the end of the distribution. You claim the bounties for the translation, but U couldn't do this in time for your compatriots. did you know that at the end of the ICO, almost immediately, will the distribution of bounty. Well, if there was no time for monitoring, it means you are not interested.There was no need to undertake it re-read OP and BOUNTIES THREAD I'm sure you realize that I perfectly understand OP and BOUNTIES THREAD but unfortunately you didn't get the point from my previous posts and only want to have the last word in our discussion. |
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Dev: in the translation bounty spreadsheet I can see "thread not updated" - what do you mean? I was updating Polish translation 10 times, and it's up to date now imo
in your translation there is STILL no new forms of distribution bounty.. Polish translation has been updated Note: Please ask the user k0er to remove the message from Polish thread as it creates mess there. Certain content in that message was already translated.yeah that happened to the greek translation too and also content in that message was already translated I deleted my reminders. but you had two days ago to upgrade it. full swing bounty distribution process, and you do not have forms of distribution in your translations. almost all OK, but if you require from translators to be so professional for those few-dollars-worth bounty, then provide a professional features. ie: -source files recognized by translation software (Trados, Memoq, etc.) -scheduling the updates -reporting that the updates are ready for translation -typical per-word rates Otherwise: -accept that these translations are performed rather voluntarily to support crypto project at its early stage -stop making additional mess and wasting my time -pay full bounty listen here, wise guy! we are all waiting for when people fill out an Dist.Forms to start Distribution bounties, and you 2 days can't add them(forms)! you say something to me? write complaints to the developer. He also expects from the participants fill in forms that you (finally!) posted Yes 2 days because I have no time to monitor the thread for changes... wise guy If I was informed that anything has changed, then the translation would be updated within 1-2 hours... wise guy |
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Dev: in the translation bounty spreadsheet I can see "thread not updated" - what do you mean? I was updating Polish translation 10 times, and it's up to date now imo
in your translation there is STILL no new forms of distribution bounty.. Polish translation has been updated Note: Please ask the user k0er to remove the message from Polish thread as it creates mess there. Certain content in that message was already translated.yeah that happened to the greek translation too and also content in that message was already translated I deleted my reminders. but you had two days ago to upgrade it. full swing bounty distribution process, and you do not have forms of distribution in your translations. almost all OK, but if you require from translators to be so professional for those few-dollars-worth bounty, then provide a professional features. ie: -source files recognized by translation software (Trados, Memoq, etc.) -scheduling the updates -reporting that the updates are ready for translation -typical per-word rates Otherwise: -accept that these translations are performed rather voluntarily to support crypto project at its early stage -stop making additional mess and wasting my time -pay full bounty |
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Dev: in the translation bounty spreadsheet I can see "thread not updated" - what do you mean? I was updating Polish translation 10 times, and it's up to date now imo
in your translation there is STILL no new forms of distribution bounty.. ! ! ! UPDATE ! ! !
I will post each BOUNTY GOOGLE FORM today. It is your Responsibility to double check if the
BitSynq Address Entered in your BOUNTY SPREADSHEET is truly yours.
-For the Sig and / or Avatar Bounty, the Spreadsheet will be opened for more than 24hrs before I sent out the coins.
-For the Twitter Campaign, the Spreadsheet will also be opened for more than 24hrs before i sent out the coins.
-For the Translation Bounty, each translator will need to PM me to confirm their BitSynq address after they fill out the form.
If you have any question please let me know.
Thank you.
Please fill out the Sig and Avatar Distribution Form TWITTER CAMPAIGN 200000 Coins Reserved Please fill out the Twitter Distribution Form More Information on the Bounties Thread ARTICLES BOUNTY 200000 Coins Reserved Please fill out the Articles Distribution Form BLOCK EXPLORERS: Polish translation has been updated Note: Please ask the user k0er to remove the message from Polish thread as it creates mess there. Certain content in that message was already translated. |
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Dev: in the translation bounty spreadsheet I can see "thread not updated" - what do you mean? I was updating Polish translation 10 times, and it's up to date now imo
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Not sure if staking icon reports correct numbers. It shows my weight is higher than spendable balance. Why...? Edit: it also reports my weight is higher than network weight https://imgur.com/a/zNacL |
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Ico price was around 200 sats , right ?
yes 190 sats ! lol but i saw people buying it for 15k satoshi in the first ICO something .. No, they were all moved to ICO phase 2 |
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! ! ! ATTENTION ! ! !
For the next Distribution, each Investor will need to confirm their BitSynq Address by Email. Im taking additional precaution.
If your NAME is your Bitcointalk Username, you can confirm your Address by PM me here.
Thank you.
Just an advice zaph3t - you should ONLY use confirmation by email, OR by signing BTC message. BTT user name is not enough in this case. |
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Guys, you have BTC tx ID right? It's easy to verify who is who, isn't it?
[Edit] And puvanb is right, there's no requirement to be registered user of this forum
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How now I can run the master node, if necessary sum of 300 000 XAB? And one more question, I see that the master node 79.119.43.54 sometimes off-line. What will happen to the chain, if it is a long time to be off-line?
You need to have 300.000 XAB in your wallet as a collateral. If you have that amount you just have to click Create Local and thats all. If a masternode goes off-line nothing happens, since the PoS block aren't generated by Masternodes. These are getting only rewards from PoS. If masternodes don't generate blocks, then what are they used for? Collecting POS rewards only? For now the Masternodes are special nodes that are ensuring a healthy network by rewarding it's owner for keeping the Masternode online Ok cool, but you said "If a masternode goes off-line nothing happens", so what is the benefit of having masternode in the network if nothing bad happens if it's not in the network...? Masternodes seem to be getting rewards for nothing... Masternodes are getting their reward first of all for locking a considerable amount of XAB in a collateral address, also they are earning for securing the network only when they are online, if a Masternode goes offline they are not receiving the share from PoS Well, if they don't generate POS blocks then they actually don't secure anything. No? The only benefit seems to be the lock out for 300 k XAB, but the logic of lock out (at least for me) would be not to allow maturing in order to get rewards, but to get rewards for not dumping. I'm not sure how does it work, so more details appreciated please... Another question: if reward for locking coins is higher than POS block generation ( 10 vs 8 ), then I guess the maturity time should be longer, and some additional locking conditions would need to be applied too...? Dev: still waiting for an answer ... please... |
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