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Just found out about Photon.
What would it take to get on the Coinomi wallet? Couple that with a new website/roadmap - that could really put Photon on the map.
Also, once things get moving, are there any thought about a coin burn?
Just some random thoughts.
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I have a few questions regarding this ICO.
(1) Assuming the top part of the whitepaper on page 17 is in USD, average monthly loan release is 7,745K. Int at 2.99% yields 231K of which up to 20% will be for the investors = 46K per month. Or ~555K for 2019. At max 50M HERO tokens, that translates to about 1 cent of income per token. At the current rate, each token ~$1.50... Is this correct?
(2) The whitepaper says "up to 20% of distributable interest income"... so it could be 0%? How is the actual percentage determined? Is it discretionary?
(3) Is the definition of "distributable interest income" as shown in the example on page 13 and not some accounting term that could essentially wipe this to be 0?
(4) Is there any protection in case of a buyout? For example, if PawnHero gets acquired by another company, does the new company have to follow the terms of HERO token contract? Or can they just say future distributable interest income will always be 0% since "up to" 20% will be distributed.
Any clarification will be appreciated. Thank you.
This was the reply posted on slack by David: Thanks for posting this. Great to see how deep some people dive before the ask questions. (1) It is the number of loans not a dollar term. So the calculations were made under the wrong assumption and are therefore wrong (2) 20% but lawyers advised us to use that language... (3) Will not wiped to 0%. 20% of the interest income (4) Will need to get back to you on that one. Pretty sure the 20% would stay as part of whatever deal that might happen in the future. Hope this helps. Please share also on Bitcointalk |
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I have a few questions regarding this ICO.
(1) Assuming the top part of the whitepaper on page 17 is in USD, average monthly loan release is 7,745K. Int at 2.99% yields 231K of which up to 20% will be for the investors = 46K per month. Or ~555K for 2019. At max 50M HERO tokens, that translates to about 1 cent of income per token. At the current rate, each token ~$1.50... Is this correct?
(2) The whitepaper says "up to 20% of distributable interest income"... so it could be 0%? How is the actual percentage determined? Is it discretionary?
(3) Is the definition of "distributable interest income" as shown in the example on page 13 and not some accounting term that could essentially wipe this to be 0?
(4) Is there any protection in case of a buyout? For example, if PawnHero gets acquired by another company, does the new company have to follow the terms of HERO token contract? Or can they just say future distributable interest income will always be 0% since "up to" 20% will be distributed.
Any clarification will be appreciated. Thank you.
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it will be 10-20USD by end of the year imo
lol..not without any developments.. Very tough to predict price, however there is active development and a lot more activity in slack. |
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Project looks promising. Will go to moon as soon as DEV updates!
Totally agree. Devs are hard at work, trust me on that. I did get an invite link eventually. Seems like the devs don't send them out nearly enough, so that's something they need to work on... This is a very interesting a promising project and could be a game changer. If you do want in, definitely put a few dollars down. SYNX is DIRT CHEAP right now, and it's going to be well over $1 when devs roll out the new updates. Mark my words, you'll regret not investing in this system. Not to mention coin staking for passive income etc. There's a lot to like about SYNX. I just emailed devs and will be awaiting a response as I am in terested in a masternode, but the communication with the community is not there at all. Gotta share stats about the industry and whatnot to maintain thought-leadership. Will post on here if I get a response. There was some activity until about a month ago then silence. Just need dev to say hi or something. As far as I can tell, a new dev has not emerged. Still relatively cheap for a MN, so I would only go in as a gamble at this point. |
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What is the block reward percentage for masternodes and miners?
50/50 so 0.5 EXCL to MN and 0.5 EXCL to miner |
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When staking, anyone get "Generated but not accepted" with a question mark where the green check mark should be? Anyone know what that means?
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Really looking forward to MN funding and voting. Any rough idea on time frame? This year or next year?
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Is there a Verge Rich List?
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I'm using the qt windows 64 wallet. It's taking a while to sync. How long does it normally take to sync?
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If the group votes a portion of the fund on coins with masternodes, who would set it up or would we go with one of the masternode service providers?
This is part of what MASS is all about, all of the masternodes are set up automatically, provisioning, everything all done 100% automatically and autonomously by what we have created, in geographically disperse way as well. Everything is taken into account from latency, to ddos protection, security, all of that. That is basically.. the point of what MASS is. Hopefully that clears it up a little. Gotcha, I missed the part about the masternodes being set up automatically. Thank you! |
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If the group votes a portion of the fund on coins with masternodes, who would set it up or would we go with one of the masternode service providers?
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Very interesting project. Sent in some Ether and now I'm wondering if I should put in more. Just one comment. Is there any thought to changing the distribution rules so that owners are encouraged to keep the block reward in the pool? For example, for those that do not stake and keep their block reward in the pool, they get a proportionally increase in MASS token percentage for future block reward. The following is from the FAQs:
"So, why would B not stake his MASS too? The answer is simply that they might want MASS to increase in size as fast as possible, This is more of an altruistic view, which we expect possibly very loyal supporters, or team members will do, anyone who is looking a long way in the future, this is probably the best thing to do. In the end, we want the choice to be our users, so you have the option."
So instead of an altruistic approach, incentivize by providing higher proportional ownership for keeping the block reward in the pool.
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Sup guys, I saw the roadmap on the site only goes to july (this month), is there any intention of releasing a roadmap that goes way further?
This would mean that we have no prespective of what the plans/ what will happen in the next and coming months/years?
Cheers
I'm interested in this answer too. XVG seems promising but we need to know more about any future plans. The August roadmap should be updated in the next week. The main dev is active on Telegram. https://t.me/VERGExvg |
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