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Can you explain us how you plan to spenmd raised funds,what will be the focus?
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Agate will be connected to our credit/debit cards?Like PayPal?
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Since there was a question before about PoET I found this part in the whitepaper
"Proof-of-elapsed time (PoET) - (Reference #4) is a relatively new concept. Coins are distributed based on the proof that the user was doing some specific action for a rather long period of real time. Proof of time algorithm was invented by Intel and it is mainly associated with their hardware platform that provides very fast consensus model. It generates random numbers (wait time) on miner’s nodes and then chooses the node with the lowest number. So, it works like a lottery but with more complex algorithm designed to provide more optimizations. Intel promises that this algorithm cannot be broken by external actions and provides honest consensus model. This makes
PoET perfect for private Blockchain when you need performant distributed storage and don’t want to force your hardware to make complex computations. The only minus is the restriction on Intel’s platform (Sawtooth Lake). The proof-of-elapsed time has not become popular and well adopted yet. But in the near future it may be intensively developed. Future adoptions may not be the exact algorithm designed by Intel, but rather some variations of the concept."
Thanks for sharing that,i wasnt sure exactly about this proof of elapsed time and how it works. |
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Since your bounty campaign is over when can we expect distribution of those tokens?
Bounty tokens are usually distributed after end of sale,and since sale is not over yet,we will have to wait. And no point releasing them any sooner,as Vernam wont be listed on exchange for some time. |
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Since there was some information about ZenCash and partnerships I was digging a bit and found that there are lots of podcasts on Blue Frontiers website about all of this, project and much more and you learn a lot by listening to those podcasts! https://www.blue-frontiers.com/en/podcastsElwar are those gonna be posted regularly? I really like it as it is much easier to listen then to read that much information. Thanks for sharing that!Its great to see that community is involved,digging for info and sharing with others. |
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How long does it take to go trough KYC procedure?
It is usually very fast, nothing special, it is becoming a standard these days. And as i know KYC will be required for investors that paid. So if you want to withdrawal your token you need to pass KYC. For addition, if you have problem about KYC you can ask to the team on telegram channel : https://t.me/OnlineIOKYC is pretty much standard now,so people should get used to it |
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How is sale going on,what are the latest news?
You can check that info on their web page https://voxelx.io/ on the first page. The pre-sale was a bit slow, but the private sale did better. They are probably the only project that displays that kind of info publicly. The public sale goes live in 3 days, so better hurry. True,rare are the projects that share private sale info |
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You mentioned that a single SAM cube can mine about 115 ETH and 19 BTC per year, how did you came to this numbers?
The first SAM Cubes have been equipped with mining rigs for the mining of ETH and Bitcoin. The SAM Cubes can be equipped with Asic or GPU miners, whereby a mixed model was chosen for SAM Unit 1. In the already functioning Unit 1 (4x2x2), 50 Asic miners are operated with a total capacity of 700 TH/s and several GPU rigs with a total capacity of 4000 MH/s. At this performance, currently about 115 ETH and 19 bitcoin are minted per year. SAM Unit 1 would generate you 50*4k/2=100'000USD per Year. If you really mine 19 bitcoin per year you would better keep them yourself and sell them. It always seems fishy to me, selling something under the value it had, if you keep it for yourself  I think its been said that actual rate is 15 BTC per year,not 19.SAM team abit overestimated. That is so, but they said that these are only predictions, so there are possible deviations. Watch explanation about SAM mining cube https://youtu.be/zYp8K_PO-rgSo this is the video from inside of SAM cube? |
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Can you share your smart contract adress and decimal so i can add TXO to my wallet ?
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What is the minimum amount needed to invest in order to join the sale?
only equal to $60 USD is the minimum contribution for pre-sales and public sales . Ok,thank you.What do you accept for payment? |
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What is the minimum amount needed to invest in order to join the sale?
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Who do you consider to be your main competitor?
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When can we expect the distribution of tokens for members of bounty?
Bounty tokens distribution usually happens after end of the sale, thats probably how Vernam will distribute their bounty tokens too. Do we have to go trough KYC for bounty tokens? Im doing their twitter campaign,and they didnt say anything about KYC.Atleast not yet. |
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When can i expect online tokens hit the exchange?
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What are the benefits of using your own tokens instead just going for ETH or BTC?Wouldnt that be easier way?
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I really do not understand why the existing intermediaries take such commissions? I read in white paper that it can be up to 30%. A real, routine work there for 5 minutes. For example in car insurance
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Wow this projects is something elese,really futuristic,and pushing blockchain purpose even further.Good luck team!
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What is the minimum amount needed to invest in order to join the sale?
There is no minimum amount in pre sale, the maximum purchase amount is 1000 ETH. So i can invest even $1 if i want? |
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