Send me a dm on discord TheBeard.be#3847 and I'll look what happened. I can't seem to find anybody that got banned lately except for posting a lot of discord invites.

We are not to concerned about the price as of now, as we are still in the phase of building the first product. This means we have not yet enough to show to investors that the use of the blockchain is justified.

This however does not mean we are not annoyed by the price on cryptobridge, but it was to be expected as we still have dumpers, something every project has after launch on an exchange. In the first weeks we managed to have enough volume to keep the price up, but this has fallen over the last 2 weeks. We are however still progressing although it be at a slower pace than initially hoped.

This project will not fail, even if that means I myself have to learn how to code blockchain. We have made some changes and will be boosting the activity to attract new people.

yes, is the invite expired?

As somebody said higher up, we are listed on cb so best to check for yourself. ;-)

I got interviewed during 2 hours by Seth Estrada over at his youtube channel during a livestream. It all was a bit of impromptu, but definitely worth a watch if you want to have answers on some though questions that got asked. Go check it out over at

go watch it and probably most of the questions you have about Reden will be answered => Video on youtube

I made an announcement that included the news. We are getting listed in 2-3 weeks on cryptobridge

Anyone with 5000 coins can have a masternode. There are no other factors.

The 5.7 years is a pretty short time, so yes it will influence the value of the coin largely, also only having a small max supply is going to play a factor in all this.

An update about the project, it is long overdue I would reckon.

Cryptobridge

The reason this update was delayed and not posted yesterday is that I tried to get a almost exact date from the guys over at cryptobridge, but that did not happen. The closest dat I have gotten after having paid our part of the listing fee, is that we will be listed in 10-20 days, we have been added to the queue and that queue is rather large with them stopping the listings for a week last week because of their problems.

payment link: https://live.blockcypher.com/btc/tx/bf73fba3958ac6572da59772e7e86418abab0a69de8c68e86c9e633c39793c03/ (edit: forgot the link)

Dev fund

As for now we have the dev fund all in 1 wallet address. with permission from the community I would like to split out the dev fund in several wallets, in the following distribution:

• 400K dev fund wallet
• 90K bounties wallet
• 50K open swap wallet, to be added to the bounties wallet in the future
• 400K renumeration fund, where also the devpool fees will arrive.

I will post a poll to ask for an ok on this split. The addresses will be posted publically and we will put them in multisig wallets as soon as we have a decent gui interface for that.

The Technicals

Yesterday The Technicals has posted a video on how setting up a masternode for Reden. I helped him by calling him while he was setting up his first masternode. To get enough coins to setup a wallet, Matt from The Technicals is the investor that purchased 2 MN from the donations from the community. We would like to thank him for that.
(edited)
# Mining

We have had a very big concentration of hash rate on the dev pool lately. So it would be better to advise new miners to join another pool. For now we have 2 large pools, we have the devpool and we have the pool from thetechnicals competing for the largest hashrate.
Go check the #pools channel for other pools that can use your support.

Roadmap

As you all have seen probably our roadmap we had posted at the end of april is in a very urgent need of an update. We have shifted our focus from the collateral to the review as we need to build a reputation first and can only do the collateral part later. So we are reviewing and putting in place a new roadmap very shortly

Invite bounty

We have launched an invite bounty for the Reden review server and there is also a bounty for the first 5 complete reviews posted in the review server. These reviews need to be about a not yet reviewed coin.  So go spread the word.

Job openings

We have openings in the team for the following jobs:

- Developer
- Marketing
- Review editors
- Community manager

Just so you all know being part of the core team means 2 things, you get a renumeration when you are active, but also means revealing your real identity. This is for all people that want to get involved. Advisors can stay anonymous but they are only eligible for half the renumeration and only get rewarded when they are active.

Please apply by sending a dm to @TheBeard.be#3487 , @Swiss_Danny#2075  or @canadian_hey#8611 on our discord

Closing words

Let's get this project on the rails and moving forward, when we all can start to make a bit of noise about the reviews and start requesting and posting reviews we are going to generate a massive database with a lot of valuable info in a very short time and will create a lot of interest in the project. This will boost engagement, people getting involved and also for those that really care about it the price, especially with the listing on cryptobridge.

Swapping reden is no longer possible. There was a swap period of 10 days and afterwards some exceptional cases where still swapped but now it is no longer possible to swap eden.

I'm sorry this has been decided by the community as a whole.

Let's do another small update on all that is going on in the background

Dev bounty

We have a first bounty posted in #bounties, we are looking for somebody that can make us a decent script for doing multisignatures. All is mentioned in the post in #bounties in our Discord.

Information gathering

We are working on a wiki to gather all info that is spread out over all the different channels here, this way it will be a lot easier to point to an frequently asked question, instead of posting, please read the faq or announcements. Every article will be linked. Give us a bit of time to gather all that info and have it all organised in a decent way

Proof of concept

The promised proof of concept will be released this week, we are putting the finishing touches on the execution of it and once that is finished it will be released

Tipbot

The tipbot in Discord is temporarily down, as we are working on moving it from it's server to another one and at the same time we are upgrading to bot with more functionalities and another code base that should be more stable. This is important as this bot will be an integral part of the proof of concept once released. Don't worry all current balances will be moved over.


Donations for listing

For anybody that wants to follow how the donations are going, please follow #donations I'm posting there whenever something arrives. Currenlty we are at 0.20482656 BTC of the 0.5 BTC we still need. So in total with the anomynous angel investor we are at 0.705 btc of the total of 1 BTC. We are almost there.

For everybody that donated, please send me a screenshot in dm of your donation if you want to be awarded the supporter role in Discord. We will also mention you in the announcement and blogpost that will be made when the listing is complete.

This is no obligation and if you want to stay anomynous no problem.

We are also looking at setting up a pool to mine for example Raven with a for example 50% of mining rewards going towards our listing goal. More about this in the near future if this is still necessary by then.

Early supporters thank you

For this you got to be in our Discord.

More updates will follow in the course of the next days, stay tuned

There is no ICO, we don't sell any coins.



We have released a document with guidelines on what to judge a project. These guidelines will be used on a daily basis by our community and team reviewers to analyze projects on their legitimacy. These reviews will be stored in the blockchain so that there is an irrefutable history of everything that has been reviewed about the project. The information of the review will posted on a website that will have a list of all projects that have been reviewed. These reviews will also be updated on regular intervals.

I can write a book here on what we plan on doing, but you might want to look at our white paper and high level product diagram.

[community vote]: Reden Team Remuneration

The Reden Project team has worked to turn the project around on a volunteer basis since 2 April 2018.  We believe the project has been put back on stable footing with a new blockchain, a successful coin swap and a clear purpose that we are now beginning to implement.

We have a focussed core team with clear roles and responsibilities. We now need to implement a fair remuneration policy, and put the following funding and payment model to community referendum.

Key features of the Reden Project remuneration model will be:
Budget for a 15 person team  (eg 4 dev, 4 content/marketing, 4 CxOs & active advisors)
Budget based on average remuneration of 40 reden per day per person, that will be split into:

• Base pay of 20 reden per day for active team members
• Bonus pot of 20 reden per day to be distributed transparently within team
• Active advisors will also be eligible for a share of the bonus pot.

Max pay per active core team member 40 REDN.

At current traded prices 40 reden is approximately 2 US dollars, and this reflects the very high belief the team has in the Reden Project and future value of Reden coin.

To ensure the team remuneration is sustainable over the next months, until the project is generating income to cover its costs, we propose to fund it as follows:

• redencoin.org pool fees of c.75 coin per day
• part of the monetisation we are looking to implement starting from the first version of our product
• dev fund to cover the difference

We expect the coin value to increase and will review average daily remuneration then and regularly thereafter.

We believe this innovative funding model ensures the longer term ability of Reden Project to reward active team members for delivering results, and is linked to the value of reden coin.

Referendum is open from may 24, 2018 - 8h15am UTC until may 27, 2018 - 10pm UTC

Please go vote in our Discord

I understand what you are saying and that is also why I personally did not vote to go on an exchange already, but the community vote turned out otherwise.
However 6 things that might help here:

• The listing happens only when the community that voted, also donates the remaining 0.5 btc. after 36 hours we have managed to raise 0.086 btc. So we are not yet there. This also means that people have to invest before we can go on the exchange. This will hopefully limit the amount of dumpers.
• There has been an small new exchange (qtrade.io) where people have tried already several times to dump large amounts and yet the price is after the initial dump very slowly but consistently going up, the price over at that exchange has hanging around 500 sat. And there are only 10k coins available at time of writing. That means only 2 Masternodes, which is not a lot, if you keep in mind that the total circulating supply is about 4.5 million. Let's also not forget we only have a max supply of about 15 million.
• The rewards for mining and masternodes are also not that great. We are now in the biggest reward period and daily there are only 36K coins generated, that means about 7 masternodes a day.
• The ROI on a masternode is about 220% or about 30 redn a day. So we are also no high ROI project where people get a mass of coins and don't know what to do with them. We have 52% of the circulating supply locked in masternodes and another 20% of circulating supply is the total of the dev fund. (this % will decrease over time, as the dev fund is not growing and the circulating supply is). So about 72% of the coins is not on the market available.
• We are making a lot of progress and are working pretty rapidly towards a minimal viable product with monetization, so that we are becoming a project with a product instead of a project with a promise...
• Also at the moment there is no marketing at all, this will change once we have our proof of concept up. This will happen in the course of the week normally.
  

All these points might help that at the moment we get listed, the price will not dump to a point of no recovery. So are we going to try and control the price on CB to protect investors. But yes we have taken in consideration the fact that exchange listing without a working product is a risk.

Hope this satisfies your question. ;-)

Cryptobridge it is!!!!

The vote between listing and not listing has been very close right up untill the end. We had a long time not listing in the lead, but finally it has been decided that we will apply for listing on cryptobridge.

Result:

• No listing: 124
• Cryptobridge listing: 168
• octaex: 6
• Yobit: 11

What does this mean. As announced in an earlier post. There is another 0.5 btc needed to pay the listing fee for cryptobridge, this will be done through donations. You can find the donation addresses below. We have decided to accept donations in BTC, ETH, LTC, XMR and RVN

Once the donation is complete we will send the payment and post here the proof of payment to cryptobridge. From there on, we have to wait 7-10 days before they actually list us on their exchange. Which we will announce off course:

BTC: 1GpKcGrnzzbxo6K7zpy4RN9SiarBqAd48U
ETH: 0x50656E86ff6390669aEd53B4118b4Edc1A462d87
LTC: ltc1qyxj3ghf36nqheyjv7d6egs6xh4wz2s27gfexrr
XMR: tbd
RVN: RD838QjTfnnL96BQfSZtxJeRUpG1VJqNdN

Masternode monitoring
Today we got the news that we got added to masternodeonline.com This website aims to provide an easy way to monitor your masternodes, not only ours but those of some other projects too. Youc an have monitoring and alerts through e-mail, discord and/or telegram.
So if you don't want to keep your wallet open to check the status of your masternode. Thx to them for adding us

Exchange listing
After the voting is over and the result stays in favor of listing, we will open up the donations to gather the remaining 0.5 btc for listing on Cryptobridge. After some good back and forth in discord tonight, we decided to open up donations in the following 5 coins: btc, ltc, eth, rvn and xmr.

Guidelines for Reden reviews
We have been preparing an extensive document with a list of criteria to take in consideration to judge projects.

This is a document that will always be adjusted and we have compiled this extensive list from multiple sources. However now we need your help by the way of comments to review this document and suggest adjustments.

The doc will converted into a form that can be used to submit a review. This form will be put online in the course of the week, also will we open the Reden Review discord server to start generating content that can be put on the website.

Read the document

First of all let's all stop being aggressive to each other.

@Mbible, no need to take a piss with @NetfetMiningCompany

@NetfetMiningCompany you said in your first sentence of your post, Crap, ... I'm holding scam coins and started a bit of a rant against the fact that the swap has been stopped. I agree that @Mbible is going over the top in his reactions and I don't think you warranted that. On the other hand. I gave you a perfectly fine explanation why the swap has stopped. Sorry you missed out on it.

You are always free to choose if you want to support the project or not. If you choose not to support it, fine by us. Have a nice continuation and let's hope for us we can prove that you made a wrong choice.

The above image is an high level overview of how we as a team are seeing the implementation working. Off course is this a document in motion and this will be adapted once we implement some parts of it.

Download the latest the pdf-version

If you have any questions or remarks, don't hesitate to join us on Discord or Telegram

It definitely is dangerous to deal with new projects. That is what we would like to change, we might include in the future a way to review more than just coin projects.

Concerning the trading on qtrade, I know there has been trading and people have been able to withdraw reden and btc. So that is a positive. However if you use it, do only use it to trade and withdraw immediately, just look what happend to exvo.io. But that is a best practice in general, never leave anything on an exchange.

New vote in Discord

[Community Vote]: Exchange listing Options

Reden coin are currently traded in relatively small volumes via OTC in discord and also on qtrade.io a new and untested exchange that Reden Project cannot endorse but listed Reden anyway.

Within Reden Project team the consensus, albeit not unanimous, is that a listing might be premature until we are further down the roadmap, but also we are aware that a significant portion of the community would like to see Reden on a more established exchange and we did indicate we would seek listing by the end of May. We all agree our first exchange must be affordable (1btc or less), but also be growing, reputable and have reasonable volume.  

We now have several exchange options that the team could support. The options are:

1. Wait to List Reden Project will launch its proof of concept product and grow the community by marketing this. Revisit decision by end June.

2. crypto-bridge.org. Decentralized, growing volume c.1 million
usd per day, other x16 algo coins, but has listed many coins which have failed. Listing fee 1btc, confirmed would list Reden. *update: fee is only 0.5 btc because of anonymous donor

3. octaex.com. Strong Asia footprint, volume c.7 milion usd per day, but centralized and based in China. Listing fee confirmed to us for 0.3btc

4. yobit.net. High volume c.27 million usd per day. Listing fee 0.5btc, intransparent and sometimes lengthy listing process even after payment in some cases.

In order to afford any exchange now we will be looking for community donations, so only vote for listing now if you are prepared to support an upcoming donation drive.

# Referendum is open from may 17, 2018 08h45pm UTC until may 22, 10pm UTC. Only votes in Discord count

The reason the swap has a deadline is because it takes a lot of attention and time away from the development of the new project.
Because of the decentralized nature of cryptoprojects, there is simply no way to keep everybody informed. That also means that you as an coin owner need to keep an eye on what happens with your assets. We have been posting in the old BTCT topic that the coin got taken over, this post on here is already up for a while, people have been gathered in the new discord. We have almost 2000 members in discord, so you sure would have been informed about the exitscam on the 4th of april by the old developer.
The coin has been renamed a while before the swap, most of the pools, pretty sure hashfaster was one of them, did change the name also. This would have given you enough indication that something was going on.
You are off course totally free to not support our project and cause. you are free to have your opinion on our project.

we did not scam you out of your coins, you got offered the change to follow us on the new chain, you chose to ignore/forgot to follow this invitation and so you stayed on the other end of the fork. That chain does not have any value anymore and so is abandoned. I'm sorry for that situation.

I hope one day you will use the service we are building, to exactly avoid situations where scam projects exists and so you do not have to keep a close eye on all projects you have stake in. Although I still advise you to do so.