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I am not happy about this. They totally screwed up. I take it as a failed theft attempt! I am gonna sell and running away from this coin.
If you check the block explorer only 1 in top 50 has moved any coins and it was only a small amount. |
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yes that is below the last ICO prices for Credence... BTC amount, not $ price.... |
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The information is in white paper at bottom of page 7.
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Credence team thanks for setting up this platform which is by far my favorite and I think will one day #1. I have a question about the loans could you please answer.
This is taken from your whitepaper
"You will have the option to re-invest any interest earned and therefore commence a new contract at that rate starting on the date you reinvest, you will also have the option to auto-reinvest 50% or 100% of your interest earned and this will again reset your loan period but also increase your daily interest amounts earned on your loan. Reinvestment figures on interest earned will be rounded down to the nearest $ amount and the remainder will sit in your USD Wallet."
First & Third highlight - When you get the chance please try to bring auto-reinvest back I love that feature, and also the $1 reinvest vs $10 reinvest.
Second highlight - If I am at $9990 and getting the .10% bonus and then I reinvest my earnings into that same loan and it is now over $10,010 do I start making the .30% bonus on that loan? I should because my loan resets to that day and this is how it reads and I hope it is how it functions. I realize that my term will reset to 199 days every time I reinvest...but I don't care because I will just let it ride for the long term. Thanks
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1% per day is too less. BTC increases more. Why should we convert BTC to lend to you at 1%? No wonder the price is crashing.
LMAO no it is NOT too low, and BTC does not even come close to that return. A $10,010 loan at 1.3% daily (1%+.3% bonus) would be worth $549,880 in 1 year. That is almost a 55x gain in a year BTC doesn't match that. Your math is way off.. $10,010 x .013 = $130.13 per day. Multiply that by 365 = $47,497.45 Of course if you re-invest daily that amount will be much more, but nowhere close to what you stated.. That said I'm fine with the "low" interest payments if it gives the platform long-term sustainability. No my math is dead on, you are not compounding daily interest.... trust my number is the correct one. |
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1% per day is too less. BTC increases more. Why should we convert BTC to lend to you at 1%? No wonder the price is crashing.
LMAO no it is NOT too low, and BTC does not even come close to that return. A $10,010 loan at 1.3% daily (1%+.3% bonus) would be worth $549,880 in 1 year. That is almost a 55x gain in a year BTC doesn't match that. |
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Nice stake Dev! 36k  |
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the fud continue lol
guys , just HOLD for 2 more days and u won't regret it once the site is live.
just 2 MORE DAYS !
HOLD !
Just want you to know the site is not going live in 2 more days.... it will be finished.... but then the Devs will be testing it for a week or so before it goes live. |
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The whole 199 days means nothing to me. I will start with a minimum of 10,010 loan on day one and I will probably never pull any money out of it, I plan to just continually reinvest. I hope the Dev puts back in the auto reinvesting functionality because I wanted to set it at 100% and just let it run. I plan on supporting the platform keeping all of my ICO coins for many many years and only cashing in my staking after the price rises to the triple digits. You all need to see that this platform is set up for the long term.
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if in the maturity date, i receive usd instead of coin, i wo'nt lend. Cause of low price now. It's not worth.  Well if you don't lend and every one has your attitude and does the same then no lending platform would survive. Loaning drives the price of the coin up. I myself will be doing loans from day one and also hold my coins. |
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when your website start??
It will probably be about 2 weeks after Dev is done with testing. |
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a few of us have done some vids and promotion on credence.
6 other lending platforms ' coins & tokens ' will be active by the end of the month including Credence in the lending platform area if they come through
I have talked to a few people in our group that have sold credence to move there money
elsewhere as they are losing hope due to the fact others coins and tokens are making moves quickly.
Live websites, live platforms, on multiple exchanges.
Do i back credence? Yes , i am a large holder of credence.
Do i fell if the website and lending platform are not in place working well by Dec 1st will have a big impact on the price of credence in a negative way? 100%
I check this thread every day just to see updates & news, i am hoping everything comes together with the Dev sooner then later to benefit all.
the Dev said that they were looking to launch after the first week of Dec so there probably will be no Dec 1st launch. Platform was to be ready by Nov 29th and then go through about a week of testing. Be patient guys a few more weeks is not going to matter much. Sell your coins if you want but I have zero plans to sell any of mine for a very long long time and trust me I probably have a lot more  . I get the feeling from reading most of the posts here that you all have no idea what this platform can and most likely will do. It is a for the long term, and if the Dev follow through with their plans down the road you will see the few other platforms that survive become more like this one. Set up to be sustainable... just like the "King of lending platforms" has already made two changes to its referral program that moves it closer to Credence referrals. All the others are set up way too aggressive to attract the YouTube referral whores who make tens of thousands a week and do nothing but pull the money off the platform and cash out. Essentially weakening the platform. |
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morning..(in Austria)
i have arround 7000 coins..
My plan for the loan:
Lend 1000coins to 10 Dollars
Then wait until the price is 20Dollar and lend 1000coins
Then wait until the price is 50Dollar and lend 2000coins
and the rest will be staking...
is it a good plan?
My plan is to do at least a 10k loan using (BTC not CRDNC) on day one reinvesting 100% daily and I will be holding all my coins long term and will start to sell just my staking coins only after a minimum of $100. A lot of people are upset that the price isn't higher but I don't even give a crap about that. I am interested in this platform because the devs have it set up to be the best sustainable long term platform. Devs please find a way to bring back the auto reinvest!!! I want to set it at 100% and just walk away and not have to worry about checking it everyday to reinvest. |
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LOVE LOVE LOVE Credence coin. After reading the white paper and the posts, I can clearly see that the team has people that can communicate on a very professional level. No other lending platform comes even close to that. For some reason I have big trust in Credence, even bigger than Bitconnect. We may finally have a real rival. If Credence continues with the transparency and trust, there is no doubt in me that they will surpass the current king.
I tried to look for flaws and I found only one. I'm not sure how much of a flaw that is though.
Credence Coin uses ASIC mining. This can be no problem at all or a huge problem. ASIC mining tends to centralize cryptos because they are cost efficient (but still expensive for many people) and you can just buy a ton of them and have a big mining market share like we have with BTC and BCH. Some years in the future we may end up having a monopoly (or very close to it) rather than true decentralization on Credence. It all depends on how big it becomes and who has what % mining share. It is possible that Credence themselves may be mining it the most and having the potential power to move the market any way they want in the distant future. I am not fan of ASIC mining as it does not stimulate decentralization. GPU is much better for making any coin truly decentralized. I would really love some feedback on this from the Credence team.
After the recent BTC/BCH "war" it is very obvious that both are very centralized and a few people own most of them. They can just move money around and crash the market as they please. I personally do not have a problem with that since I have been trading for a few years now and know how the big dogs play. Every single market in the world has a few players that hold an incredible market share, including Forex, which is supposed to be decentralized, but that's far from the truth.
Last, I have a question about the staking. It says 20% per year which amounts to, I quote from white paper, "(0.054% Interest on Total Balance Per Day on average)". Does that mean we are paid daily and the 20% annual interest is compounded daily?
I don't know the details on the mining but I don't think that it can compete with the 20% staking, if you take into consideration that the rich list controls over 90% of the coins these will be staking and a lot of coins will be generated by them. I am betting it will be more than the mining. Now onto your staking question if you stake every day and compound those coins it is actually an annual interest of 22.13% and if you only do it weekly it is 22.09%. So it you have 1,000 coins and stake them daily for a year you will have 1,221.3 coins at the 1 year mark. I have ran the numbers and have check with what my wallets are staking and it is dead on. |
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Hi Credence
I hope you have Affiliate & Network Program
If we have usd for referral. Your coin will very fast development
Thanks
Affiliate referral program yes. Network program no... network programs are not sustainable long term, and this platform is built for the long run. That is why it will be the best! |
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thanx for the update Now about the price....the price of this coin is at a level of 10x for those like me who bought it at 0.25$.....and is 2.5x for those who have bought it at 1$ ICO So all who investend in the ICO , and all them who bought it at some market dips at a price around 0.8$ , we are all in gain. Man if i sell now , i get 10 times my investment.....10 DAMN TIMES MY INVESTMENT , do you believe that? So all the people that are mentioned above , are in gain ...BUT they sill dont sell...i have seen people on youtube that have more then 40k coins, and they still dont sell....why? ....ask yourself why, why there are 3.4 million coins in circulation, and at the market you only see now about 70k in selling....and lots of them do not sell at 2.5$.....why people are holding when they can make 10x? It's because we believe that we gonna make from 20 to 100 times(those who bought at 0.25 like me are blessed ).....why we believe that? Do we have a magical sphere to see the future ? no , i wish i had....We are holding because this dev guys have kept every single word that they have posted, and have been the most transparent and open of all of the lending platforms that came out there... Can they just scam us? sure they can . And you and me can't do nothing to stop that......BUT beeing complete transparent about their product and continuesly updating makes this guys worth giving them some trust and following them .... As i said i could make more than 10 times my investment, but i am not selling a single coin , not a single one , even from staking.... Market goes up and down , but i want you guys to come here at the end of this month, and post the price that you see on coinmarketcap. Do you still believe that it will be 2.5$ or less PS: this is not an investment advise....Read, get informed, do some math, pray, do some magical voodo, and then decide what is best for you personal interes Thanks Maxi here is a couple of corrections No one paid $1 for ICO coins.... this is how it was $0.25 sold 1,000,000 coins $0.50 sold 1,000,000 coins $0.75 sold around 2XX,XXX coins 1,800,000 ICO coins burned because DEV moved the ICO end date up early and closed the sale before it was originally scheduled to end. Now about the circulation, it says 3.3 million on CoinMarket but that is counting 1 million of the DEVs coins and if they are telling the truth and have not sold any and don't plan to... Max coins on market can only be about 2.3 million... the original 2.2+ that was sold in ICO plus the staking from it. |
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Circulating Supply 3,305,961 CRDNC Circulating Supply just updated on the coinmarketcap website It should be around the 2.2 that was sold in the ICO the 5 mil that the Dev holds should not count. Dev do you know why they around counting about 1 mil of your coins. I know you said you hold 1 mil for costs and 4 mil for loans. |
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How does staking work? I just need to leave the coins in my wallet? When do I get the coins for staking - every day?
You have to go to settings and encrypt wallet. There you will put in a very strong password. Then once you are done with that you unlock your wallet and it will start staking in about 1 minute. Once that is done you can check your weight increasing in the bottom right of the wallet by putting your mouse over the up arrow. My first payout took about 1 day, and I have got them every day. You can close your wallet and not lose any of your staking because your coins gain weight by verifying tx's and when you open it up next time it will "catch up". I usually just have mine running for part of the day or maybe even just a few hours. You can even leave it off for multiple days and you still will not lose any of your staking, but if you get your staking coins everyday they will start to compound. At 1 year you will earn 24% for staking I know it is set at 20% but if you get coins every day they will compound and you will actually earn 24% per year. Your payouts seem random so you wont be able to predict when they will happen. |
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What exchange are you on and what's the roadmap?
Roadmap can be found on in the whitepaper, link is on first post of this thread. Lending platform is supposed to be up November/December according to whitepaper. |
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The lending program will be a little bit harder than many think here I believe. It is not easy to develop a blockchain based efficient lending system.
That is true, although the Blockchain side of things is the easy part, that is just the ledger for transactions, the hard part is having the code written for each users individual actions, potential actions and payouts, it is not as simple as some would think. That is why we will not release until we are 100% sure the system is working and running smoothly. Just to add some other facts. 1. We are not dumping nor have we put 1 single CRDNC onto exchange, we will not do anything to harm the price or increase circulation. 2. Anyone in the troll boxes claiming to be us is not us, we do not post there at all, nor will we. 3. We are not concerned about the price, would we like to see it higher of course, but what the market does is beyond our control, we are more focused on ensuring the finished product is stable and working. 4. Many have asked us to release referrals to promote the coin, we appreciate you wanting to do this but we cannot release referral links until the main site is live for obvious reasons. 5. There was always going to be some big dumpers, people do that in ICO's they buy at xx price and as soon as they can double their money, they get out, that is their choice. 6. We think we are sitting at a strange equilibrium at the moment, we have what we think is a very good name with our supporters, yet we know we are not mainstream while other similar new coins are getting a bad name but are mainstream, so where we sit at the moment is okay with us and although it might affect price and volume, we think that steady organic growth supported by a functional platform release will prevail in the end. Being under the radar is not such a bad thing, we would rather be not popular because of our good standing than popular for all the wrong reasons. To all of our supporters and holders of Credence a big thank you! I will post my personal opinion, don't even read it if you don't want In my personal point of view: After you will release the website with the lending platform, you could have a hard time in the upcoming months because of the bad reputation that the other lending platforms are having now...Also Bitconnect, the "God of lending platforms" cut the referals, twice in a couple of months....Not a good sign, but necessary to keep the platform going....Not to speak for the other trash coins like regAnal and it's bullsht friends.. What i would suggest would be: -Actually you guarantee that 1%.Don't....Leave an opening ,because the market goes up(faster than the effect of viagra") and even faster down(downer than the penis of a 90 year old man)......Not guarantee that 1% give way much room for the sistem to be sustainable... -The referal system should be absolutely with the feet on the ground....Those platinium stuff should not be there....Or only offer them for a short period of time....Referrals damage the platform too much in the long run....They gather fast clients, but are very hard to keep up in the long run....Offer them just for short periods if you need. This are simple math stuff, and even the universe bends to the math... That super referrals must be cut in half or even more.....If you just want to gather fast money and run for 4-5 months and then leave, than those referals are good .... If a platform is strong and healthy , people will come to you even if you offer 0.5% a day or less....but they know that their money will be safe for a long time.. Now i know that some people do more than 10% a day with just trading(i have done too, there has been days were i have done even 10 times my money). You say that you are traders.Ok good. But there is a big difference when you invest 50k dollars, and when you try to invest 10millions or more ......trust me ,That is a complete difference story.....Also the trading bots , might not be magical, but for sure will help with the investing, if you buy good ones....... There are a lot of unpredictable things that can happen. When btc-e went down months ago, 2 lending platforms went down cause their money was blocked there....so Just my opinion Thanks for the good posts you have been doing MaxiCripto... it is nice to see people posting in here that have more than half a brain. I agree with you on the referrals not liking the platinum system... this is the one thing I do not like about this platform. Your super recruiters just get their commissions and cash them out pulling them all off the platform making it weaker. But it is basically only 4% so DEV probably knows what they are doing with this. I have not seen 1 person in here mention that the referral system works differently than all the other lending platforms. I love how they have it set up! To only pay 0.1% after your 6th referral. All the other platforms pay the recruiter 7% or so for every single person they bring in and then they tier it down where they earn commission off their downlines recruits also. Credence is completely different... only the direct recruiter gets a commission and it goes lower each time you recruit someone until it hits 0.1%. So MaxiCripto the referral system does have its feet on the ground. |
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