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Is there a strategy update for this coin?
this looks like a nice project, lets hope the team and the devs stay on top of things and make sure everything runs smoothly! best wishes!
The strategy is to develop a proof-of-stake ERC20 token that can be modified and tweaked to an individual's liking, deployed across a private chain, and then used in their own applications, whether they be casual games or value transfers where blockchains are required. Autoria is an example of the robust ERC20 token model we have developed (see the Yellowpaper), and we are now developing a system in which people can configure their own digital currencies on their own private blockchains with a few commands in the terminal. The end goal is to have private chains that run without any transaction fees (because developers run their own servers that mine for them to clear transactions), and to have each of those chains hook into a private main chain used only for interchain communication. This chain will also be free, as each private chain will run mining for their own private chain and transactions on the main chain. Our goal is to streamline the blockchain networking process so that meaningless transactions don't clog up the network, and we stop wasting expensive energy on mining functions that are mostly meaningless hashing methods and very little actual work towards moving and confirming transactions. That being said, the former is what you're participating in! And Hadron is the latter. We're thinking about incorporating Autoria more into Hadron at a later date, perhaps as a proof of concept chain or dapp. really interesting, good luck for the upcoming development! Can you release some further information about the rewards someone gets for providing specific amounts of ETH? How much will I receive if I provide 3 ETH and in what timeframe will the whole process be completed? Between 10. and 31. August I can provide ETH. How long has my ETH be at the specific address, we have to sent it to. Will we get it back after a few hours/days? Or will it released not until August 31? Of course! 1 ETH Staked = 17500 AUT The smart contract will refund the ETH immediately but transfer times depend on the ETH block updates. I believe average time for blocks right now is around 20 seconds? If you've ever transferred ETH from 1 wallet to another, it's just like that. |
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Is there a strategy update for this coin?
this looks like a nice project, lets hope the team and the devs stay on top of things and make sure everything runs smoothly! best wishes!
The strategy is to develop a proof-of-stake ERC20 token that can be modified and tweaked to an individual's liking, deployed across a private chain, and then used in their own applications, whether they be casual games or value transfers where blockchains are required. Autoria is an example of the robust ERC20 token model we have developed (see the Yellowpaper), and we are now developing a system in which people can configure their own digital currencies on their own private blockchains with a few commands in the terminal. The end goal is to have private chains that run without any transaction fees (because developers run their own servers that mine for them to clear transactions), and to have each of those chains hook into a private main chain used only for interchain communication. This chain will also be free, as each private chain will run mining for their own private chain and transactions on the main chain. Our goal is to streamline the blockchain networking process so that meaningless transactions don't clog up the network, and we stop wasting expensive energy on mining functions that are mostly meaningless hashing methods and very little actual work towards moving and confirming transactions. That being said, the former is what you're participating in! And Hadron is the latter. We're thinking about incorporating Autoria more into Hadron at a later date, perhaps as a proof of concept chain or dapp. |
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from op
anybody can participate by "proving their ETH". Participants will send ETH to the designated smart contract, which will then register the ETH wallet used in the submission process with an AUT stake proportional to the the ETH submitted. The ETH will then be refunded less the transaction gas cost
the amount of ETH send is relevant or is just to "proving their ETH" ?
Understood now , we do have to sent the eth to the dev , is better to use an escrow in this case ... The ETH will be sent back to the msg.sender in the smart contract, so it simulates the proof of stake based on how much ETH you send to it. The sender just pays for gas costs on the network. The get their ETH back and AUT in a single transaction. The contract will be open sourced to verify this behavior. thanks dev for the clarifications No problem! I've added it to the FAQ as well in case anyone else has a similar question! I am not "tech guy" in ethereum smart contracts coding. So how can I be sure about these contract logic? Will it any 3rd party trusted side review of code? Sure, 3rd parties can review our code and we'll even walk through it so you can see that it's transparent. Sending ETH back is a very simple part of the smart contract. Most of the intricacies are in the growth model algorithm of AUT, not the Proof of ETH. |
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So has this project already been running for quite some time or what?
Yes, this project has been running since May. |
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Can we send multiple transactions from a single wallet that total 100ETH to limit our risk in case the smart contract has an exploit in it? Send 10ETH, wait for return of ETH and associated AUT, repeat 9 more times. Or does the smart contract hold all of the ETH until the end of the deployment which would make this approach to limiting risk impossible?
It will register AUT instantly. And in terms of the return, aside from transaction times, the return of ETH should be pretty instantaneous as well. I'll have to ask the dev's whether or not you will be able to use the same address multiple times or whether it will just reject ETH after it has been already registered. Good question. |
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from op
anybody can participate by "proving their ETH". Participants will send ETH to the designated smart contract, which will then register the ETH wallet used in the submission process with an AUT stake proportional to the the ETH submitted. The ETH will then be refunded less the transaction gas cost
the amount of ETH send is relevant or is just to "proving their ETH" ?
Understood now , we do have to sent the eth to the dev , is better to use an escrow in this case ... The ETH will be sent back to the msg.sender in the smart contract, so it simulates the proof of stake based on how much ETH you send to it. The sender just pays for gas costs on the network. The get their ETH back and AUT in a single transaction. The contract will be open sourced to verify this behavior. thanks dev for the clarifications No problem! I've added it to the FAQ as well in case anyone else has a similar question! |
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from op
anybody can participate by "proving their ETH". Participants will send ETH to the designated smart contract, which will then register the ETH wallet used in the submission process with an AUT stake proportional to the the ETH submitted. The ETH will then be refunded less the transaction gas cost
the amount of ETH send is relevant or is just to "proving their ETH" ?
Understood now , we do have to sent the eth to the dev , is better to use an escrow in this case ... The ETH will be sent back to the msg.sender in the smart contract, so it simulates the proof of stake based on how much ETH you send to it. The sender just pays for gas costs on the network. The get their ETH back and AUT in a single transaction. The contract will be open sourced to verify this behavior. |
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Is there a dev airdrop?
I do not see any discussion of airdrop, and if bounty is over when this coin will enter the market
Each team-member will be receiving a 100ETH stake equivalent AUT mining well (hard-coded into the smart-contract). Mining wells are capped at 100 ETH stakes so this is the maximum AUT mining well anyone should have. |
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Welcome to Autoria!
WHITEPAPER | YELLOWPAPER | TWITTER | DISCORD | WEBSITEParticipate in a supply curve modeled token distribution and experience a customized token deployment by participating in Autoria’s Proof of ETH, AUT deployment.
--- Deployment Date
August 10th – August 31st at autoria.io--- What is Autoria?Autoria is a decentralized token built on the Ethereum blockchain platform utilizing a Proof of ETH mining node registration to deploy AUT tokens according to a mathematically rigorous supply-curve modeled algorithm. Autoria’s unique “automatic mining technology” is our team’s first foray into customizable token deployments and will serve as a model for designing token distributions in future ventures. Autoria serves as an important stepping stone towards our team’s larger Ethereum venture, Hadron, a service which will help facilitate enterprise level development, deployment, and management of virtual assets on private blockchain. --- How to Participate?On August 10th, our smart contract will be made available on our website. At that time, anybody can participate by "proving their ETH". Participants will send ETH to the designated smart contract, which will then register the ETH wallet used in the submission process with an AUT stake proportional to the the ETH submitted. The ETH will then be refunded less the transaction gas cost. A maximum of 100 ETH per ETH wallet is hard-coded into the smart contract. We ask that participants refrain from submitting using multiple ETH addresses. Autoria mining well registration will close on August 31st. --- What's Our Plan?
 --- How Does Autoria Work?The details of our token's supply-curve modeled algorithm are available in our technical yellowpaper, our smart-contract source code is also available on our git-hub repo.  --- FAQWhat Happens to the ETH I stake?The ETH will be sent back to the msg.sender in the smart contract, so it simulates the proof of stake based on how much ETH you send to it. The sender just pays for gas costs on the network. The get their ETH back and AUT in a single transaction. The contract will be open sourced to verify this behavior. What about your previous bounty?All participants have been officially recorded and will be carried over to project Hadron. Thank you for your participation! Why no ICO?Our team decided to go with a proof of ETH deployment in order to maximize community involvement and avoid conflicts of interest. By providing our token through a Proof of ETH model, we are supporting the ownership of ETH during these volatile times. When will Hadron come out?We will be announcing more information surrounding project Hadron in the coming weeks. Stay tuned to the Autoria social media sites like twitter for more information. --- Links
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Hi everyone! We're putting a hold on the crowdsale while we figure things out. We'll keep you updated (as always!). WE're trying to make sure our crowdsale goes as smoothly as possible. Thanks for your support everyone.
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Hi Everyone,
Unfortunately, due to U.S. regulations, U.S. citizens, residents, or entities are excluded from purchasing AUT tokens or AUT stakes. U.S. citizens, residents and entities should not purchase or attempt to purchase AUT tokens or Stakes. Please remember, AUT tokens are not designed for investment or speculative purposes and should not be considered as a type of investment!
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Good, but not good for my money status right now, i got invested it on ethereum , deficit status wishing the price can go up and get my invest then go invest in the crowdsale of this autoria, wishing that we will have also some bonus ($)0.0($). Remember, the 1st week of the crowdsale (July 14th through July 21st) will be at a 30% discount, 17500 AUT per 1 ETH. The last 2 weeks will be at a increased to a price of 12250 AUT per 1 ETH. |
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Thanks for the catch! We've fixed it now.
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What is the total supply of the coin? I hope you don't change the information in the last moment.
Hi, please review our yellowpaper: http://autoria.io/yellowpaper.pdfTotal supply will be a function of the participants, although there is a fixed price per token (that has not changed!). Our minimum goal is 35,000,000 tokens or 2000ETH. |
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We will be announcing our yellowpaper detailing the technical specifications of our distribution model later today. You can read about the math powering our supply-curve modeled currency at http://autoria.io/yellowpaper.pdf. Thanks for this update, I wait for this and gonna think over all of info in the yellow paper. People always judge too quick, telling this project is a scam or they just want to have a post or reply for there campaign. There is a quote" To see is to believe" that i always remembering everyday. Godbless! Thanks for the support! |
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But the 100ETH cap is per wallet address, individuals/whales can just use multiple addresses, right?
Hi Tommy, This is incorrect, there will be KYC implemented in order to prevent Sybil attacks. Good question! So you expect us to give you our personal information? This is crypto where people like their anonimity. I don't think this is going to work out too well. Hi MisO69, we will not be personally interfacing with or storing any personal information. We are still working with the idea of implementing KYC, and any KYC will be done through a secure third party service. Why would potential investors trust any 'secure third party service' disreputable enough to get involved with an ICO (the SEC is getting concerned about how these are run, and are liable to regulate them soon)? Hi steve, I was mistaken, we are still in the works to finalize the implementation. Stay tuned by following us at https://twitter.com/autoriacoin. Thanks! |
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