Liberio Compensation Claims Now Open

The formal claim process for Liberio compensation has begun. Please use the link below to fill out the Google Form.
Please take your time, submit all relevant requested information.
If you submit an incomplete claim, we will reject your application and send you a notice to provide more information to process it.

Liberio Compensation Claim URL: https://forms.gle/ixtShNvcuomAN3DHA

Note: A Google ID or Gmail address is required to complete this form. Google does not allow anonymous uploads, and we require the upload of screenshots, etc., to support your claim.

The claim process runs for 90 days, starting July 22nd, 2020, ending on October 22nd, 2020, 23:59 UTC.

Liberio Compensation Claims Now Open

The formal claim process for Liberio compensation has begun. Please use the link below to fill out the Google Form.
Please take your time, submit all relevant requested information.
If you submit an incomplete claim, we will reject your application and send you a notice to provide more information to process it.

Liberio Compensation Claim URL: https://forms.gle/ixtShNvcuomAN3DHA

Note: A Google ID or Gmail address is required to complete this form. Google does not allow anonymous uploads, and we require the upload of screenshots, etc., to support your claim.

The claim process runs for 90 days, starting July 22nd, 2020, ending on October 22nd, 2020, 23:59 UTC.

New ALQO Wallet Release, Qt version 6.5!

We're pleased to announce the release of the new ALQO Qt wallet, version 6.5.

This release includes:

1. Increased build stability
2. Quick send functionality
3. A new & improved interface
4. A live ALQO price feed
5. Raspberry Pi compatibility
...and more.

You can download the new wallet for your preferred operating system on the official ALQO website, here: https://alqo.app/#wallets

Alternatively, you can download the wallet from our official ALQO GitHub repo, found here:
https://github.com/ALQO-Universe/ALQO/releases/tag/v6.5.0.0-7201e3593

Please note: It is highly recommended you download this wallet release; however, it is not required.

The ALQO team is excited to announce, in cooperation with Crypto Daily™, XLQ is an accepted payment method on the popular Crypto Daily advertising platform.

Official Press Release: https://medium.com/alqo/pay-with-alqo-on-crypto-dailys-advertising-platform-c72cb265ebcc

Thanks, Cygan We'll let you know, and we appreciate the offer.

I really appreciate everyone's positivity and words of encouragement, but it's been a full team effort.

Dtrap, Tomwrx, CaptainGeeky, BFGroup, and more, made this revival possible. Back to work we go

Glad to have you on board since the beginning. Respect to you!

FYI, we did relocate the business to Seychelles and adopt a global exchange business model for Bitfineon.

The claim period starts prior to launch. Affected users are directly reimbursed in their Bitfineon accounts, essentially creating an account, logging in, and claiming their coins.

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Glad you think so. We're happy to see familiar and new faces here.

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We can't wait to open up Bitfineon to you and everyone.

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You're absolutely right! We're going to update the original announcement to include additional key elements of the ecosystem.

[moderator's note: consecutive posts merged]

We have allocated funds for the repayment of the loss of coins from the original dev. Those are scheduled to be paid out through Bitfineon. We have to provide the refunds in a legally compliant manner, and this is the best way. Please be sure to follow us on social media for news on when the claim period officially starts.

Thanks We're excited too!

Check out the pre-launch campaign for Bitfineon (https://bitfineon.com) we're running now.

---

Hi TimeTeller! You're absolutely right. We are currently working on several partnerships, and have 2 confirmed that will integrate ALQO for payments - one is of significant possibility. We're playing the long game with our ecosystem through the creation of FALQON, our blockchain, and we'll expand on the website content more over the coming weeks so everyone can get more information on what we're planning going forward.

[moderator's note: consecutive posts merged]

Reserved.

Reserved.

Visit https://alqo.app for the most updated project details and roadmap.

Let me preface this announcement by stating, ALQO and Bitfineon are 100% intact and moving forward. I know many community members have questioned the recent silence from ALQO management in the Discord. Still, I want to assure everyone the project is rock-solid and continuing with its planned roadmap. Now, it’s time to address the elephant in the room, which is the current state of Kevin’s involvement with ALQO and Bitfineon.

Last week, the general partners of BIG Fintech and I officially requested Kevin to step-down from his role of CTO with Bitfineon GmbH and of core-developer for ALQO. To accompany his departure, Kevin has provided a written statement to the Bitfineon board that he will return the outstanding sum of 2.86m XLQ to the development team, which were part of the recent 10m XLQ developer reward, once the legal procedures regarding his departure are complete. Many reasons went into the decision for Kevin’s departure, but suffice it to say; we believe this to be the best way forward for the project and all parties concerned.
Current legal engagements prohibit us from expounding on further details concerning this decision. Still, the decision is final, and it was approved by all members of the Bitfineon board, via a majority shareholder per our corporate articles and bylaws.

What this change means for ALQO/Bitfineon development going forward:

1) We are expanding the development team and segregating workflow to include a more efficient development task schedule, so that we may bring more refined and complete products to market promptly. We will be implementing Agile/Scrum methodologies and providing regular updates to the community to keep everyone up to date on the development status of all products in our roadmap.

2) We have retained the services of a leading blockchain developer to take over Kevin’s responsibilities for the development and maintenance of the ALQO chain. Currently, we’re finalizing his contract and will announce his full details once the agreement is final. We anticipate his announcement by the end of this week. He has an extensive and impressive development history in the blockchain space, and I know the community will be happy he is involved.

3) We have appointed Nash as our interim-CTO for Bitfineon GmbH. Nash is a highly qualified and skilled Full Stack developer who has previously worked on Bitfineon and ALQO. It is my hope the community will welcome him warmly and support him in this new role. Additionally, Ra6e will be assisting Nash and providing front-end development support. Both Nash and Ra6e have been long-time members of the ALQO community and are excited to move us forward.

4) We have successfully on-boarded front-end and back-end developers with notable experience in the crypto space to complete development on Bitfineon. The development team will also handle the upcoming redesigned ALQO website. In addition to these items, we will be launching a newly created and more performant explorer with additional features. The QT wallet will also receive an overhaul.
There are more items in the pipeline, but I will end this announcement here for now. We want to remind the community much thought and consideration went into this decision, and we believe these steps represent the best foot forward in terms of success for ALQO and Bitfineon.

Please feel free to reach out to me or the BIG Fintech partners in the Discord or Telegram channels. — Jared

Source: https://medium.com/@alqo/the-state-of-alqo-bitfineon-44095cb9d5b1

Mandatory Wallet Update, Liberio & Developer Reward Payout Announcement

We have completed the chain patch and the chain is now fully functional. A mandatory wallet upgrade is needed and the latest version (v5.0) can be downloaded from the https://alqo.org website or the official GitHub (link: https://github.com/ALQOCRYPTO/ALQO/releases/tag/v5.0). Those of you running masternodes will need to be restarted. If you have any questions, please feel free to ask in #general-support and someone will assist you asap.

*If for some reason you are unable to reconnect to the network, please add this to your ALQO.conf file in your blockchain folder: addnode=89.47.166.229

In addition to the chain patch, we have some information to share with the community. The first point is we are retiring Liberio.app from service on Dec 1st. Please withdraw any funds you may have off the platform, after Dec 1st the webapp portal will no longer be available and any funds remaining on the Liberio platform will no longer be accessible. Secondly, we will release 2 technical articles in the coming days, one of which will address the unauthorized Liberio transactions and another which will give a technical overview of Liberio’s design architecture. Thirdly, we will release the Liberio source code at the same time. Additionally, we will institute a Liberio compensation fund and affected users will be able to submit their claim for review for the return of their lost funds. Lastly, we have decided to remove the developer fee, since the reward scheme of the new chain does not support a traditional dev reward structure, and we have decided on a one-time fee payout to support the adoption, growth, development and marketing of the new chain.

Please review the outline below for full details of each bullet point listed above:

1.   Liberio will be retired on Dec 1st at 12:00 am UTC. Withdrawal your funds asap!
      a.   Users with funds on Liberio will have until Dec 1st 12:00am UTC to withdraw their funds before the webapp/webwallet is deprecated completely and no longer accessible – funds will no longer be inaccessible after this withdrawal period ends. Withdrawal your funds ASAP!

2.   We will release a technical summary about unauthorized Liberio wallet transactions on Nov 1st.
      a.   The ALQO development team will release an in-depth technical article providing a review of what we believe occurred and how we will mitigate risk associated with future ALQO product releases. This article will be published on the ALQO Medium account (https://medium.com/@alqo) on November 1st.

3.   Detailed technical article explaining the Liberio framework and its architecture.
      a.   The release of Liberio’s source code will accompany the article.

4.   Remove developer fee block reward and replace with one-time payout.
      a.   After internal discussions on how to proceed with incentivizing 3rd party development and adoption of the new ALQO chain, we have decided to substitute the current developer block reward with a one-time payout reward to the developer fund of 10m XLQ. This will allow us to properly reward participants who take an active role in the adoption and development of the new ALQO chain upon its release in the coming weeks. An additional 5m XLQ was allocated for a Liberio compensation fund. More details below:

10m dev fee will be used to reward new developers which build products utilizing the new ALQO blockchain, codenamed ‘Polaris’.

1.   Bug Bounties.
      a.   Bounties rewarded in XLQ for developers who identify and propose fixes for software bugs.

2.   dApp development
      a.   Incentivize developers to take advantage of the new ALQO blockchain tech and develop their products utilizing its tech.

3.   Proposed and executed use-case(s).
      a.   Anyone who proposes a unique use-case which is adopted as part of ALQO core.

4.   Rewards for critical code contributions and protocol improvement proposals which are merged to core.
      a.   Rewards for individuals and developers who proposed and/or develop protocol improvements on the new ALQO codebase.

5.   Liquidity provision for Bitfineon.
      a.   Market Making

5m XLQ dedicated to Liberio compensation fund.

1.   Affected users will have a period of 4 weeks to file a claim.

2.   Once a claim is filed, it will be reviewed for legitimacy.

3.   Valid claims will be filed, and funds allocated to the victim at a future date.

4.   A thorough investigation has revealed what we believe to be losses not to exceed 5m XLQ. Any funds remaining in the Liberio compensation fund which are not used once the claim process is complete will be burned and removed from circulation. However, if total valid claims exceed the 5m compensation fund cap, a weighted average will be applied to all claims. For example, if the total fund value was 1m and claimant A. had 800k and claimant B. had 400k XLQ for a total of 1.2m XLQ, then claimant A would receive 666,400 XLQ‬ and claimant B. would receive 333,600 XLQ.

5.   Claim Timeline
      a.   User files claim (webform link will be provided) - (4 weeks)
      b.   Claim is verified (all claims will follow an internal review to reduce any fraudulent claims) - (1 week)
      c.   Claimant will be required to KYC (a valid email address will be required) - (1 week)
      d.   Funds are disbursed to claimant (user will provide new ALQO wallet address for funds transfer) - (1 week)

Source: https://medium.com/@alqo/mandatory-wallet-update-liberio-developer-reward-announcement-6d5b7bd726a2

Funding Announcement

It is our great pleasure to announce the completion of our seed round funding of 1 million EUR with our new partners, B.I.G. Fintech, LP. B.I.G. is a US-based VC fund focused on blockchain projects with high impact potential. Our successful partnership with them will provide the funds necessary to complete development of Bitfineon and bring it to a full launch before end of year 2019. We’re very excited to announce this partnership; it means several months of searching for a funding partner has ended and we can now move forward with delivering Bitfineon at the highest quality. And lastly, our partnership with B.I.G. is structured in a manner which provides for us to keep the sharepool fully intact, as promised.

Furthermore, it’s newsworthy to inform the community that we’ve reorganized and relocated our business headquarters from Switzerland to Germany, where we’ve secured offices in downtown Heidelberg! Several members recently inquired on the dissolution of the Swiss-based Bitfineon GmbH, this is the reason why the Swiss GmbH is no longer active. Being headquartered in Germany will allow us to provide full fiat and crypto trading services to the entirety of the EU, under the regulatory oversight of BaFin (the German financial regulatory body) and provides us opportunities not available while we were registered as a Swiss company.
 
What you can expect from the ALQO/Bitfineon team over the coming weeks:

     1)    We will begin live streams from our new offices in Heidelberg to engage with the ALQO community during our daily development workflow and to answer questions in real-time.
     2)    We will release details on partnerships we’ve secured for Bitfineon and answer relevant questions about those partnerships.
     3)    We will refresh the ALQO branding. This will include a new website, increased marketing, and the refocusing of the ecosystem’s project scope.
     4)    Bitfineon Core will launch in full. This includes full trading functionality, however several items such as Arena, Auctions, etc., which will be released at a later date.
     5)    In-depth details regarding the new ALQO codebase, codename ‘Polaris’ and the new wallet.
     6)    A full debriefing & plan-of-action regarding Liberio’s issues which affected certain users.
     7)    And much, much more is planned, and details will be forthcoming in later announcements.

In closing, we’d like to personally extend a warm “thank you!” to everyone who has supported the team over the past several months - it means a lot to have had your support through this lengthy process. A special thanks goes out to our community team members and our community managers, @dtrap & @tomwrx, for keeping the community together as Kevin and I focused on securing funding. We hope everyone is as excited as we are to see ALQO and Bitfineon shine and hope you’ll join us as the journey continues onwards and upwards!

Join the NEW Bitfineon Telegram & Discord

Discord: https://discord.gg/CzMHWRk
Telegram: tba

Official Funding Press Release: https://bit.ly/2mdm0wd

Our Best,
Jared, Kevin and our new partners, B.I.G. Fintech, LP.

Read more about B.I.G. Fintech, LP here: https://bigfintech.us/

Attention ALQO Community:

At this time we are deprecating the Liberio wallet from active use, and we begin the initial steps towards launching the new chain & wallet. The new chain is fundamentally different than the existing codebase and will not make use of Liberio. Additionally, we plan to release the Liberio source code within the very near future as an open-source license for anyone to use.
To associate your balance(s) within Liberio-generated wallet addresses to your QT wallet, follow the steps below:

     1. Login to your Liberio.app account.

     2. In Dashboard Overview you will see your wallet addresses. [image: https://imgur.com/eF1Az8t]

     3. Under "Private Key", click "Click To Unveil" [image: https://imgur.com/Pd3bpOj]

     4. Copy your private key(s) [image: https://imgur.com/Pd3bpOj]

     5. Open your QT wallet.

     6. Go to "Tools" in your QT wallet options. [image: https://imgur.com/xJZ5BqU]
 
     7. Paste your copied private key as follows, "importprivkey [yourkey]" [image: https://imgur.com/odh3ptm]

     8. Press Enter.

     9. You're done! Your Liberio wallet balance should now show in your QT wallet.

Special Note: As a further measure of security for your XLQ coins, be sure to send your XLQ to a new address within your QT wallet after you complete the private key import from Liberio to your QT wallet.

Please post any support questions you may have in our Discord server in the dedicated Liberio channel: #liberio-support

Glad you love Glacier!

We'll focus to update this ANN more frequently from now on. Anyway thanks for your feedback!

Really appreciate your support!