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Not trying to spread FUD but at this time PRL is no more than just a simple ERC20 token with no working product. Canceling the mainnet release just a few days before the promised date also doesn't help the credibility of the devteam. Look what happened to eBTC for example, I really hope PRL won't go the same route but you never know which project you can trust in crypto-land.
Expect the unexpected and never go all-in in one single project.
Be careful guys.
Oyster does not have copy-paste tokens, parts of the protocol are already programmed into the smart contracts with the bury() and claim() functions in the PRL contract and the lock() and claim() functions in the SHL contract. We have a working testnet and very active GitHub, stop wasting people's time. |
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First off no one cares that Oyster sold 700k. We care that you told us that Oyster Pearl was 99.999% good to go with Kucoin airdrop support when in fact it was up in the air due to bad communication for 6 weeks leading up to the airdrop while Pearls were sold on the open market. That's called insider trading. That is the reason people are upset and dumping.
Kucoin actually did give us the impression for weeks that everything was good to go. This was their wording not ours. After delay upon delay they, out of nowhere, said no because they couldn't understand the utility of the token. I then stepped in and questioned them if they even understood the WP, it turns out they didn't even know they had it. 36 hours after I got involved directly, they accepted SHL and we paid the fee soon after. The quarterly movement overlap was coincidental. |
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where's the kucoin announcement supporting the airdrop? Isn't illegal that you made the announcement first? Sounds fishy
Kucoin should announce it to make it official..be careful guys
According to what law? They have confirmed it with us, they will announce the confirmation on their side soon. People have been waiting for ages since KuCoin is slow, we were not going to keep them waiting another 3-4 days. From what I understand PRL and SHL are two different projects so hopefully no conflict... But hey, what do I know, I got in at ATh and am well in the red!
I lost out when NXT pumped before airdrop then tanked, so am always a bit worried!
PRL and SHL are the same project, the same protocol. |
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I have some questions:
When will PRL go to mainnet (release wallet and change from token ERC20 to coin)?
DAGchain network is difficult to install and easy to hack. After the combination with blockchain would be better?
I'm not sure about the answer to second question, but I know that the mainnet is scheduled to be released in April. The team really honored their deadlines so I expect for them to honor this one too. It will probably be released closer to the end of April (at least that's how they released the testnet A and the testnet B). You may have been mistaken. A blockchain combined with dagchain requires a separate system to manage. The ERC20 code is a way for them to mobilize for the ICO. I'm sure they will exchange TOKEN with COIN. Take a look at ICX, they did it. No the ERC20 tokens are part of the protocol. |
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I have some questions:
When will PRL go to mainnet (release wallet and change from token ERC20 to coin)?
DAGchain network is difficult to install and easy to hack. After the combination with blockchain would be better?
The ERC20 tokens will not change to other coins, Oyster will not have its own blockchain. Mainnet means the system described in the whitepaper is operating at a minimum viable level. |
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💾120K PRL DEV BOUNTY💾 I need some help to get something programmed, reward is 120k PRL which has a current market value of ~$4.5k. Payment will be made from the devfund to whoever produces the best solution first. I might split the reward between multiple people at my discretion. If it turns out that there is a ready to go solution somewhere else, then the reward is 10k PRL for the one who finds it. I need the function prepareTransfers() from the IOTA JS lib ported to PHP: https://github.com/iotaledger/iota.lib.js/#preparetransfersI need a PHP function that accepts the same input variables of: -1. seed key -2. address of recipient -3. message - the tryte-encoded transaction payload message -4. tag - tryte-encode tag for the transaction And produces the same raw tryte transaction output. Such output should be accepted as input to AttachToTangle() without failure. Since the value variable will always be 0, there is no need to deal with the value based transfer functions. Therefore also not needed is the inputs variable which lists the inputs to fund the transfer. The javascript version of the function can be found here: https://github.com/iotaledger/iota.lib.js/blob/1b5f072b727cb77419ccfcfd2b0fbea0132794ca/lib/api/api.js#L982A good place to start would be to run data through the function and reverse engineer the output. I will not accept an answer of running node.js or Mozilla Rhino, those are measures of last resort only. |
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I read the whitepaper, ok I skimmed it, and I have a couple questions:
1. Where is the consumer's data actually being held?
2. How do you ensure the data will always be there when the consumer needs it?
-1. The IOTA Tangle. -2. Because it's on the IOTA Tangle. They have a good project but they spread too many freebies which dumped the price a lot.
But in long-term after they get rid of free dumpers (i think too little left) price can grow a lot.
No 'freebies' were ever given, only payment for marketing services. |
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ICO Alert: Other than combining multiple features, what makes Oyster better than competition who are also trying to revolutionize the storage or advertising space?
Oyster: Oyster competes with other projects on two fronts, website monetization and decentralized storage. I contest that it is better on both of those fronts, I will first explain the website monetization aspect. The most well-known example of a token that attempts to solve the issues of the digital advertising industry is BAT (Basic Attention Token). The BAT team designed their own browser called Brave, which tracks user attention to advertisements.
The first issue with BAT is the unrealistic expectation that any significant number of users would ditch Google Chrome and other popular web browsers to install Brave. The user is more likely to simply install Ad Block Plus instead of switching to Brave. With Oyster, deployment is simple as website owners need only add one line of code without having to go through any registration nor approval. The Oyster network is completely decentralized so no one can block them from generating revenue. The Oyster web client is easy to access without requiring large software changes on behalf of the user.
The second issue with BAT is that adverts are still distracting and invasive. These ads take up precious pixel space, often break the content and design continuity of websites, and are rarely politically neutral. Adverts must always be manually interpreted and approved for ethics compliance, therefore the system can never be fully decentralized. In contrast, adding Oyster to a website only shows a small notice for user consent therefore respecting the aesthetics and neutrality of the website.
Hey Bruno - PRL - altogether blocks the ad from the website and provide a feel good factor to website and in turn gives revenue to website through the traffic monetization. BAT - planning to improve the efficiency of digital advertising...! I do not see any common similarity between these two... My understanding based on what I read here - please correct if I am wrong here 1) Instead of dedicated miners, website visitors will be doing the mining job. 2) More the website owners decides to join PRL, more the network scalable 3) Participating websites gets paid (in PRL?) based on traffic 4) Customer (End user) will use PRL official website to upload his files, which will get saved in Tangle Few suggestions here - 1) We do not pay anything to visitors who are actually giving their CPU/ GPU power 2) Altogether website owner will miss out the digital ad revenue. If we can explore an option of PRL traffic monetization as an additional source of revenue, we may get more owners joining the network. 3) Do we have any estimated calculation on revenue from website owner's perspective. I mean head-to-head estimated revenue chart for website owners showcasing how much they will earn if they choose PRL vs how much they are currently making through the digital ad I really don't know if I made any sense to you... please feel free to let me know your thoughts Improving the efficiency of digital advertising is like improving the efficiency of drunk driving: non-beneficial. We are forward thinking and contemplating the future of IoT micro-transactions. Advertising must always be centralized since it requires manual review for advert TOS compliance. The world is moving toward decentralization, advertisements are a thing of the past. One day Google AdSense will be right next to AOL and Netscape. For your suggestions: 1) You mean don't pay them? Visitors are not paid in currency, they receive original content which they want in exchange for performing work. 2) Oyster doesn't stop adverts, just puts forth a better alternative. Nothing is stopping websites from running both, Oyster is completely decentralized and their is no TOS nor compliance check. 3) It's too early to calculate revenue estimates. The free market tensions will figure it out, each actor will perform what is worthy to them. If the revenue estimate is too low, the free market will self-correct until it is high enough. |
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Guys If I sum up the situation Project potential and idea is great, team is qualified, although "Bruno Block" is anonymous and could even not have this name. Price ridiculously cheap now (sorry for ICO investors) ETH raised approx. 250. It's very low, that lets small room for marketing, exchange fees, development... Team did a BASIC error too, they released bounty tokens while the ICO was ongoing, this is not a good signal on how they manage projects. They lost lots of potential investing money doing this. Marketing/communication is lacking too. Perhaps they're lacking of human resources. And there is a big whale that could contribute the price to slip https://etherscan.io/address/0x00a477aa0492551fd1392db2fb6603dafbd0f7af#tokentxnsConclusion: very risky project and some bad signals, but kinda one I'm chasing cause the rewards can be very high if what is promised come true. What do you guys think? Your post should take into account the substance of what the protocol does and how it works. It was not a basic error, the original end date for the ICO was Nov 14 but it was extended to try to capture an investor pooling deal we’ve been working on for a month. It was still worth a try with minimal consequence since not much money was coming through anyways, no potential investing money was lost but instead we made every effort to capture a specific large investment pool. I don’t think anyone could say communication has been lacking, instead people criticize me that I spend too much time answering people’s questions. |
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Well you can't expect it to ultimately rise after its been available in the market. They are giving away tokens by airdropping so expect some price to drop but I think the airdrop is just for marketing purpose, the team knows its price is going to dip low as possible. If you believe in this project, keep buying more because sooner it will be profitable for you.
Airdrop is just a marketing term, the airdrop was really a second bounty campaign. Those that received tokens were required to perform social media tasks like following on twitter and retweeting etc. Such tasks were verified before tokens were awarded. |
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any ideas when will this token sale ends? There is no active updates by the team this is really disappointing and this makes another bad feel for ICOS for this kind of practices being displayed by people who are making ICO
What is disappointing? We don't have much news right now, we are waiting earnestly for some news on several deals we've been working on. Our Telegram group chat is active, feel free to check there as well. |
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Why can’t we design the system so that webnodes just unlock the PRL themselves via an API like etherscan.io?
Nice try, I put a 30K PRL bounty to whoever answers the question. What happened to the Telegram Group? It says "Sorry this chat is no longer accessible." Care to explain?
It's working and active: https://t.me/oysterprotocolDid you spam in it and get banned? |
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Bruno, will those who participated in the bounty campaigns be paid their tokens given that the ICO end date has been moved forward?
The bounty manager stated the 14th which was the intitial ICO end.
As soon as Sylon sends me the final spreadsheet I will distribute the tokens. |
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Looks like the sale was extended for 15 more days! Why is that?
I rushed to get all my funds in order when I could have held for today's uprising in price in crypto.
Plus the site said, "Crowdsale lasts until 400 million PRL* hard cap is reached or Nov 14, whichever comes first". This was a good time frame as it keeps the supply down.
Same here kinda annoying that it was extended two weeks. Would like to know the decision as to why.. Coin Schedule said over 97% of the 400M was reached? There is no way that many 97% was reached. There are at most a couple hundred Ether invested. Where is this Coin Schedule thing you are looking at? Personally I don't mind an extended crowdsale to get more funds to the devs though I want to see development progress kick up. If they extended Token sale for extra two weeks that means they didn't reach satisfactory Token sale number level, that's for sure. They didn't keep promise - just be careful, this happens every day in crypto world nothing to worry about . Personally, I will wait for exchange, it may turn out better than jump into "extended coin offering train" Never rush for ICO - gold rule unless you 100% happy to take the risk and you think is really good choice. I did that with Monetha (MTH) now I am 60% down with my investment just to give you real example. If your investment drop value after some time on exchange don't sell with loss, be patient it may take some time (3, 6, 9 months - sometimes longer) Never invest more you can afford to lose, now you know why panic sale or worry about price should never cloud your judgment. I added this project to my watch list and will follow closely.
I went from having so much hope in this project to feeling like I had made a huge mistake in seconds.Did you read the Telegram announcement? It was not dishonesty, we are dealing with a very tight situation and if we didn’t extend the sale then 3 weeks worth of hard work on a marketing deal would have gone to waste. 100 million PRL of the 108.5 is the devfund + marketing budget. The economy of the token is not well balanced with that kind of ratio. Let alone the current amount raised is insufficient to pay full time salaries to the core team. You would rather I program the entire protocol on my own in 3x the time? The extension is good for both the development of the project and the value of the PRL token, hence investors. As developers, with a goal of raising money, you should be transparent on all communication channels, not just Telegram. I don't understand, 1 ETH for 5000 PRL and you sold 108m PRL that should come to 21,600 ETH @ $300 per ETH you should have raised $6,480,000.00. I think that is more then most startups raise. Please explain if my math is incorrect. The official website had a notice installed that the sale was extended and that you should see the telegram announcement for more information. Like I already said, 100 million was generated and held for devfund + marketing. 8 million was generated to assign tokens to the presale participants and miscellaneous use. Tokens were used as payment instead of ETH/BTC wherever possible, since this project did not start with initial capital like seed funding. I agree that the token distribution doesn’t look balanced right now, but this is because we are in a transitory phase. One way or another the token distribution will make sense in the end. PM me on telegram if you must know more about how. |
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So a website will have a script that willl use visitors cpu without his consent?Is not thjis unethical?
A small notice of consent will be displayed by default, similar to the cookies notice of consent. The notice will also provide a way to disable the POW, but this may or may not trigger the website to disable or limit access to the content. |
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Looks like the sale was extended for 15 more days! Why is that?
I rushed to get all my funds in order when I could have held for today's uprising in price in crypto.
Plus the site said, "Crowdsale lasts until 400 million PRL* hard cap is reached or Nov 14, whichever comes first". This was a good time frame as it keeps the supply down.
Same here kinda annoying that it was extended two weeks. Would like to know the decision as to why.. Coin Schedule said over 97% of the 400M was reached? There is no way that many 97% was reached. There are at most a couple hundred Ether invested. Where is this Coin Schedule thing you are looking at? Personally I don't mind an extended crowdsale to get more funds to the devs though I want to see development progress kick up. If they extended Token sale for extra two weeks that means they didn't reach satisfactory Token sale number level, that's for sure. They didn't keep promise - just be careful, this happens every day in crypto world nothing to worry about . Personally, I will wait for exchange, it may turn out better than jump into "extended coin offering train" Never rush for ICO - gold rule unless you 100% happy to take the risk and you think is really good choice. I did that with Monetha (MTH) now I am 60% down with my investment just to give you real example. If your investment drop value after some time on exchange don't sell with loss, be patient it may take some time (3, 6, 9 months - sometimes longer) Never invest more you can afford to lose, now you know why panic sale or worry about price should never cloud your judgment. I added this project to my watch list and will follow closely.
I went from having so much hope in this project to feeling like I had made a huge mistake in seconds.Did you read the Telegram announcement? It was not dishonesty, we are dealing with a very tight situation and if we didn’t extend the sale then 3 weeks worth of hard work on a marketing deal would have gone to waste. 100 million PRL of the 108.5 is the devfund + marketing budget. The economy of the token is not well balanced with that kind of ratio. Let alone the current amount raised is insufficient to pay full time salaries to the core team. You would rather I program the entire protocol on my own in 3x the time? The extension is good for both the development of the project and the value of the PRL token, hence investors. |
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will unsold tokens be burned? 30 million dollar valuation is a bit too much for me
I wouldn't be opposed to a second round of fundraising once they establish more of a marketing presence and pass some critical development milestones. I am concerned that the reserved dev funds greatly eclipse the number of tokens sold. It seems they were expecting a bigger turnout when they set up dev fund allocations and the bounties. The devs seem genuine in their pursuit of this project but this might concern a number of potential investors and users. Will there be a possibility of a second crowdsale once the beta is ready and some testing occurs? Otherwise will there be a reallocation of dev funds and coin burning? The token devfund is for freelance developers. The main core team gets paid in both ETH and PRL. The 15% devfund is for bounties on completing protocol functions etc. Oh awesome Bruno. Thanks for the quick response. Do you know when we might start seeing these bounties for protocol functions? Sia is doing something like this which has led to rapid integration with third party storage services. I might even be interested in looking at at couple as a full stack developer looking for side projects. When this ICO/marketing phase is finally over, which is currently consuming all of my time. |
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will unsold tokens be burned? 30 million dollar valuation is a bit too much for me
I wouldn't be opposed to a second round of fundraising once they establish more of a marketing presence and pass some critical development milestones. I am concerned that the reserved dev funds greatly eclipse the number of tokens sold. It seems they were expecting a bigger turnout when they set up dev fund allocations and the bounties. The devs seem genuine in their pursuit of this project but this might concern a number of potential investors and users. Will there be a possibility of a second crowdsale once the beta is ready and some testing occurs? Otherwise will there be a reallocation of dev funds and coin burning? The token devfund is for freelance developers. The main core team gets paid in both ETH and PRL. The 15% devfund is for bounties on completing protocol functions etc. |
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will unsold tokens be burned? 30 million dollar valuation is a bit too much for me
Tokens are dynamically minted as the contract receives ETH. Therefore the supply scales with demand. Maximum possible total token supply is 500 million. 30 million is nothing for what Oyster does, it competes with BAT, Siacoin, Storj, Filecoin, and EOS/dapps all at the same time. |
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Only 1 ether raised? I can't believe my eyes, lol.  We are at 41.457 Ether worth 12,665$. A lot of people wait for a while unless the coin offers really good early invest bonuses which Oyster don't. We got a little surge in the beginning followed by the current trickle and depending on marketing/exposure and interest may increase a little or surge in the end. We have two weeks to go. I would like to see a little more dev presence online via more blog posts (its been a couple weeks) and social network interaction given that the ICO is a very important phase of a project's lifecycle. Are you a member of the Oyster Team? What is the softcap for the ICO? It's a very slow start and Im wondering what happens to Oyster if not enough money is raised 1) More has been raised via side sales. The overall amount is slow compared to hyped up ICOs, mostly because we focus on substance of the project and not photoshoots in our whitepaper like chronologic. 2) He's not a part of the core team, he just joined the bounty campaign. However in that sense anyone can become a part of Oyster. 3) There is no numerical soft cap. This is because all the money has already been spent (and will be spent) on marketing. A worst case scenario for Oyster is that the first 3 stages of development could be programmed with 1-2 people instead of 3-5 full time employees, so one way or another the network will go live which will cause the price of PRL to calibrate to the price of storage (1 PRL = 1 GB/ 1 YR). 4) We have lots of promotional deals lined up that are yet to be executed, and I am currently working on getting Oyster listed on a major well known exchange and several new Chinese based ones. News about this coming soon. There is usually still air and silence before the stampede. |
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