Crownfunding update

In January 2018 the below quoted Crownfunding campaign was setup with the goal of making Crown more accessible and decentralized for community members to acquire, by being added on an additional top quality exchange.
Your support was asked, and very generously given. Within 24hours the target of 100k$ was reached, and blown away shortly after - demonstrating the strength and resilience of the Crown network.

Blockchain technology has been evolving at a rapid pace, paired with lots of failure, trials & error and all the wild west scenarios that thrive in such an unregulated space. This meant that the journey of pursuing what we set out to do with this campaign was a more difficult one than anticipated at that time. We had to deal with multiple no shows and worse...

However due to the strong fundamentals of the crown platform and the perseverance of our community (especially @olya_crypto), we now have secured the objective: Crown is traded on Upbit, a top 10 quality exchange. Upbit will help provide access to the Crown token, and on top of that is a hub to the Asian community. Besides Upbit, Crown is also strategically represented on the decentralized exchange cryptobridge.

What comes next
We are in the middle of the switch to Proof of Stake right now. The testnet is soon expected to be live, with the switch to mainnet complete around the end of 2018, beginning of 2019.
In parallel to this, a minimal viable API is being developed, enabling blockchain as a service usecases to be deployed on the Crown network. So stay tuned for that.

- Crown core team

I think with XVGs implementation, Crown'd be worse off :p

But yeah, this is another reason (next to the proof of signature/3rd way consensus) to move to PoS. As for sha256 no mining pools can compete with 10% of the BTC hash-power. However, asking the miner to stop would increase the vulnerability to malicious actors (assuming the miner is none) with double spending attacks https://www.crypto51.app/.

And unintentional: yeah, it was not intended was it? But good points

I think the reasoning for spending 100grand is as follows:
- Developing this in-house is possible, however would require all dev resources to be spent on that switch. Meaning the API and other improvements have to wait.
- Developing this in-house also means running into bugs and unforeseen conflicts, delaying it.
- The transition from PoW to PoS has been made a couple of times. So there are people who are experienced with this.

The problem is that it's a handful (max) of people who have done it and can do it. So applying supply and demand logic, this skillset is _very_ valuable.

So what to do then?
Do it yourself, and delay the development / core business, do nothing - or hire a golden keyboard?

5.000.000 CRW said hire the golden keyboard.

1. You tried, maybe to the best of your ability but were profoundly rude to our support staff.
2. Refusing to join any of our communication channels (fyi: mattermost is locally hosted & encrypted - one of the reasons to chose it besides that it is open source, is that it is encrypted! Next to that, we have telegram https:t.me/crownplatform - also encrypted. Lastly, for twitter or bitcointalk you don't need an account that "tracks your information" to be able to see updates - enough choices for you).
3. Accusing others what you're doing yourself.
4. See this is where you are wrong the most: you think at crown we play games. Hold back information to "profit as the dev team" or other manipulations you probably know better. And you're ignorant in that you can't see that we're actually developing the project. With development come updates, and new features and use-cases. If you're unable or unwilling to keep up with that - maybe reconsider your stake in the project. I know for a fact that there are plenty of others who'd gladly take your place.

Oh and yes, I'll ignore any unreasonable replies from your side from this point on

We notify all the exchanges & try to reach everyone.
As I said before, + 20 days time to update, this should be enough. Also, I just asked our dev, and with this new 12.04 release - a notification function has been added.
 
PS:
https://bitcointalk.org/index.php?topic=815487.msg32241224#msg32241224
https://bitcointalk.org/index.php?topic=815487.msg32612543#msg32612543
https://bitcointalk.org/index.php?topic=815487.msg33021479#msg33021479
https://bitcointalk.org/index.php?topic=815487.msg33395872#msg33395872

https://medium.com/crownplatform/crown-mandatory-update-release-notification-v12-4-1-2b76d11fe4b2
https://twitter.com/CrownPlatform/status/973635108270993408
https://twitter.com/CrownPlatform/status/968863549899419651
https://twitter.com/CrownPlatform/status/972457245177937921
https://twitter.com/CrownPlatform/status/974616415813718017

And this is not counting the mattermost/telegram announcements.

We agree it's frustrating to lose out on MN rewards. However, we actually keep developing the project - as it is our goal to make it a usable blockchain platform for everyone to use. This needs development.

And your remark that there was one tweet is incorrect: we've posted it many times on mattermost, bitcointalk, telegram, facebook and I can't imagine just once on twitter. And after the announcement there was +20days to update.
My suggestion would be to please check one of these channels every once in a while - telegram might be easiest: https://t.me/crownplatform

Also, and I'm not 100% sure on this, we're looking into a notifying feature for the wallet that indicates when there is a new update.

or our telegram https://t.me/crownplatform for fast paced information

Its a side effect of the update: since it's a decentralized network, owned by 1000s of people - updating is not from one day to the other. And because consensus is a part of the mechanism that manages the node payout - node payout is also affected by this delayed updating. So you're lucky

If you want to be sure, check the version 120401 & protocol version 70052:
On the VPS: crown-cli getinfo
On your local wallet: "tools" > "information" where client version should be v0.12.4.1

For blockheight compare it for instance against https://chainz.cryptoid.info/crw/ s blockheight

It's not only an idea, its actually happening in the coming week(s)

If you have cash at hand, Crown might be a good (cheap) option right now.
Team meets regularly - latest meeting was in Miami.

And their tech is promising too: not a single point of failure for its use-case, since it's a platform. Also legal compliance, something the entire market has to make choices about 2018/19 with regulation coming..
Right now trades for a little over 1.20$ - and the simple node is only 500 CRW (bigger one 10k CRW).

New website coming soon - one of the projects Otoh is invested in (around 200-400k I believe).

https://t.me/crownplatform
https://crown.tech

Run followed by a reboot of your VPS/restart of the Crown client

Instructions here: https://forum.crown.tech/index.php?topic=1242.0

Nice!

The formula is: node count / 1440 = # days for reward (approx)

Please see:
https://www.youtube.com/watch?v=PlzpXJgNF1E

Quick update:
Thanks to your donations, we are now at 1600CRW/4500CRW needed! Awesome, lets make this happen!

A small plug for the Crown Branding Campaign proposal: Please take a moment to review it (http://goo.gl/7vaHWe) and cast your vote, thank you!

Update on the Crown Branding campaign

Why Facebook marketing: Video 2000
The goal of this campaign is to spread the word about Crown. Crown has a great product, with many applications and very promising tech. Just like "Video 2000". Video 2000? Yeah, the technical superior solution to the good old VHS videos.
For Crown it is important not to become Video 2000 - and thus let as many people as possible know we exist! A great product without users has no value, thus find the users!.

Crown Identity
The second piece of the puzzle in attracting more people to Crown is to have a clear message of just why Crown exists, what it is, and how it works. My team (a marketing & communication specialist and a ) and I have been working on formulating this difficult to fully catch identity story of Crown. This is what we came up with:
(Please feel free to add suggestions / comments!)

A good Crown animation video
However, most people will not take the time to read this - hence an animated video that tells this, with a compelling story that showcases the use of Crown would be ideal to spread this message. We have contacted a bureau (www.fxmedia.nl) that does commercials for Heineken, Deloitte, PostNL and other big companies. They charge between 8k (if you have the script and story ready) and 12k (if you don't have a script and story) euros for a video of professional quality. About 1500CRW is available from the previous content creation proposal to fund this, in total around 4000 CRW to 4500 CRW is needed.
Which means 2500CRW to 3000CRW is still required for the funding of this video.
If you think this is a good idea, and want to support it, please consider to donate some Crown for this professional animation, contact me or send it here: 1BHvjJJVp7JMRioiMNYUckFe3ErvXRGCs9 - thank you!
Depending on how things go, we might write a proposal for it (although the current superblock is quite packed already).

Example videos - style wise would be:
Omnitude:


Morpheus:




Ads
So reaching people where they hang out is important. The internet is a good place, easy to reach - you just have to throw money at it, and it will find the people that could be interested for you. The Crown Marketing proposal by snoops creates a lot of content, however, not a lot of people see it. On average for the non-paid posts the view count is around 500 views (see figures below).
Which is why with the branding campaign, we create and select posts and pay Facebook to show them to people (see the difference here between posts, the posts with more than 1k views are all paid):



Currently this ad which we created is running, informing people about the upcoming release:




Before that, the systemnode giveaway post we created to amplify the result of the 500CRW giveaway:


We have also created a facebook event for the Miami community meeting, to inform our USA community members that it will take place:


Another small ad created to thank our community for their efforts of Crown getting it's crownfunding funded in just 24hours!



Looking forward: if we get funded another round, we will continue to boost Crowns presence on Facebook. With the upcoming miami meeting, the australian conference, (possible) dubai conference, updates and much more.  And next to that continue working on the animation video and get it made.
So please cast your vote and continue support Thank you!

True, it's a balance between convenience and getting people to the Crown forum
Will post a small abstract of the next one also here

A quick update on the branding campaign:
https://forum.crown.tech/index.php?topic=58.msg576#msg576

New systemnode giveaway contest

Join the competiton to win a systemnode and a year of free hosting on node-vps.com
https://twitter.com/CrownPlatform/status/957722970876792832

Update on the Crown Branding campaign:


Please see the report here: https://docs.google.com/document/d/1-rUyUmCHBvSCmPpwkJKT3mQevRGJrOvEIYlHzJk3iqg


From the report:
"Key things to look at at this graph are the Cost Per Result (CPR): how much do you need to spend for on average one click on the link of the ad? This is show in the above table. We created four different ad sets: German (DE/CH/A), Czech, Dutch (BE/NL) and Nordic (SE/FL/NO). Each of them has their own daily budget (which facebook happily spends) and reporting. We started with the German and Nordic sets first, and added Czech and Dutch later.
A higher CPR means that advertisers are willing to spend more for the attention of the user, because the users generate more revenue afterwards. So not a bad thing. In total 104.577 people have been reached (the ad showed on their wall), on average 2.31 times. And 1.837 (1.7%) of those people clicked on the link, visiting https://crown.tech/team. Each click costing on average 80 euro cents.  


For the initial setup, we have run an ad with the “Check out the team at crown.tech…” post. This was to gather data about our demographics (age, gender, location, likes etc) of people who would be reached. We put no restrains on the criteria for showing the ads, this way facebook optimizes for users who click - and reports back to us which demographics these users have.

The next step will be to tailor custom ads, create two versions and see which works best. We can use the profiles gathered by the campaign so far, to optimize reach.


The overall campaign target is to reach people, telling them about Crown - for them to decide if they like it. Below some more demographic data about people who have interacted with the ads. Notice how post reactions went up 100% compared to 28 days earlier. "



Or check out the forum: https://forum.crown.tech/index.php?topic=58.0

Will do - I've got some contacts in the Netherlands that might be interested in a seminar focused on what blockchain & crown can be in the context of social innovation.