Today we hit the milestone of 40% of the total supply of Amatsu-Mikaboshi having been burned by the 3%/3% tax system. As the community grows this number will increase. Currently, only 600B tokens remain in circulation. https://www.youtube.com/watch?v=DQl2U8XvJLoThis is the second video from The Eye of sixteen currently released. |
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Mikaboshi tokenomics:
3% buy tax on tokens purchased which is sent to the Mikaboshi contract
3% sell tax on tokens sold which is sent to the Mikaboshi contract
When contract accrues 1,500,000,000 tokens, it sells and it transfers the eth to the dev
When the burn function is called, the contract unpegs 2.5% of tokens in the overall liquidity pool and sends it to the dead address on an hourly interval.
Could you tell me when the burn taxes happen. Before or after tx? aka will dex prices take account for burn taxes when estimating amounts received? Also if so do they anticipate these burn taxes when trying to artibrage the balancing bots? Thanks. In the below transaction, the 3% is taken from the buy at the time of the transaction, at the price the buyer pays. So an easier viewpoint would be a buy/sell tx spends 100% and receives 97% or sells 100% but is paid for 97%. Either way the 3% of the transaction in Mikaboshi is sent to the contract, after the 1,5000,000,000 token threshold is reached the sum is sold into the LP, and then 2,5% of the LP'ed tokens are removed and sent to the 0x000000000000000000000000000000000000dead address. https://etherscan.io/tx/0xb5a99af35418c30fa216d6ac72864a7596a60f157ec75c546fe5becec4dd9965I think you would need to inspect individual MEV/arb contract bots to determine if/how they take taxes into account. Thanks for this, I have done a bit of investigation and i am indeed making progress. I have managed to follw the flows of the transaction and can see the funds flowing. I thought i would share this link as i investigate how this dev lock things work. https://www.team.finance/view-coin/0xaE86f48c0B00F2a3eaeF4ba4c23d17368f0f63f4?name=Amatsu-Mikaboshi&symbol=MikaboshiOne thing i dont understand is what happens on the 21st December. What would normally happen and how this might be different. Today the dev extended the timelock on the LP so nothing specific will happen on Dec 21st now. As the community grows stronger the dev has continued to extend that lock longer and longer. The presumption is once the DAO can make decisions on the future of Mikaboshi the access to control the LP will be important so it has not been burned or locked for an extreme timeframe to allow all potential options. It appears the project is closer to the release of a bridge to BNB which will allow a larger audience of participants access to the token across more than one chain. This is big news once it is released! |
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Mikaboshi tokenomics:
3% buy tax on tokens purchased which is sent to the Mikaboshi contract
3% sell tax on tokens sold which is sent to the Mikaboshi contract
When contract accrues 1,500,000,000 tokens, it sells and it transfers the eth to the dev
When the burn function is called, the contract unpegs 2.5% of tokens in the overall liquidity pool and sends it to the dead address on an hourly interval.
Could you tell me when the burn taxes happen. Before or after tx? aka will dex prices take account for burn taxes when estimating amounts received? Also if so do they anticipate these burn taxes when trying to artibrage the balancing bots? Thanks. In the below transaction, the 3% is taken from the buy at the time of the transaction, at the price the buyer pays. So an easier viewpoint would be a buy/sell tx spends 100% and receives 97% or sells 100% but is paid for 97%. Either way the 3% of the transaction in Mikaboshi is sent to the contract, after the 1,5000,000,000 token threshold is reached the sum is sold into the LP, and then 2,5% of the LP'ed tokens are removed and sent to the 0x000000000000000000000000000000000000dead address. https://etherscan.io/tx/0xb5a99af35418c30fa216d6ac72864a7596a60f157ec75c546fe5becec4dd9965I think you would need to inspect individual MEV/arb contract bots to determine if/how they take taxes into account. |
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I enjoy the augmented reality vibes of the videos, clues got me like what's happening here. I'm a fan.
I love those vids too. Those messages are so powerful This is the first video of fifteen to date. https://www.youtube.com/watch?v=K-4EcCqCVXc |
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NOTE: I am posting as a community member, I am not posting in any official or team-based capacity
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The community is growing.
A placeholder website has been made until the final Dao comes live.
Patience & Build.
With courage and heart, we will come out as kings of all lands.
Our enemies try to sabotage us, but we strongly desire to be subject to mental warfare.
To win this we must convert the other side.
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Will You Join the Mikaboshi? a movement begins with a push
a voice
a message
a planted seed
at first it cannot be seen or heard
only to those that seek it out
as the movement grows and gathers size
it gathers pace it becomes an
unstoppable force
momentum
today we begin
hard work
work hard
repeat |
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I'm syncing now to test those 'new' nodes, but I think holders should join the discord chat and maybe we can determine what could be done next. Just waiting around won't help the coin, but planning and working together might. https://discord.gg/6z45G9RDXh |
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Unfortunate to hear, but these small exchanges are temporary stops in a larger trip. Hopefully, we get news on the nodes and see an improvement in the network connectivity for stakers. It's reasonable to wonder where we are at this point after the work was done (donations) to facilitate the new nodes.
Once that is done, maybe we could start to look for a way to add development improvements while maintaining the historical record of the chain, unlike other projects that perform swaps and start over.
There are many great new improvements and features IFLT could decide to implement if decided, funded, and completed by skilled coders.
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If that person set up a Dogecoin address, he might get more donations.
It's not very hard to trade doge for btc and send to the address provided if you want to support the future of iflt |
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I will be buying a pair of $SWEATS when they drop, no doubt.
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I wonder if people are still mining this coin... I haven't fired up my wallet in several months.
I mined some ages ago, I wonder if we should all check our wallets |
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I think the original twitter is lost/inaccessible, but I think someone in here controls the twitter.com/IFLTcoin account.
I tried syncing my wallet but it seems there are very few connections, so getting a good list of nodes will help too.
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I've mined a few different coins on the pool and I've never had any issues. I really appreciate the growth and updates, I think others will swarm this pool once they realize its strengths.
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Very awesome name. I downloaded the wallet and remarked to myself about the colors and layout and how much I like it visually.
Gaming and e-Sports are huge, I can't wait to see how OASIS participates and makes itself known as a leader in a new and growing environment. I just noticed I can add my OASIS on blockfolio as well, thanks for all your hard work.
I'm still running my node, and it's still on my blockfolio too. I must admit the colors and layout of this new wallet are even greater in a visual sense. I will continue to watch the project and see what comes of the future for oasis. Thanks for all your hard work team |
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The community has decided - sha256q stays. ⛏️
In my opinion, it's a good thing to stay with the algo for now as a unique one of a kind makes Pyrite stand out amongst the other projects that share algos. |
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I'm quite a fan of the pool for development funding, an excellent way for people to show their support for the future of Pyrite. Thanks for 2018, and here is to a successful 2019!
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Hello everybody! I just bought some IFLT and wanted to ask few questions:
Is there the inflation of the coin 8% remaining the same in year IV or will change to a lower one?
Is there a planned masternode implementation in the future?
Thank you!
From what I recall, Nov 2019 on the rewards will go to 4% and remain there each year thereafter. But I may be wrong about the decrease to 4%. Also, from the Discord https://discord.gg/95W8rff I have not heard any news about an implementation of masternode system. I do recall some news regarding updates related to roadmap and future plans for March 2019 or thereabouts. |
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