[ANN] GorillaTeeth [TEETH] | 10 DAY Staking Confirmation | Good luck dumping it!

[iGotSpots]

Update to 4.0.2 before block 10,000


   

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GorillaEx

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c-cex

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[iGotSpots]

Sorry, messed up settings in the last thread. This is the one we'll use now

[nwfella]

Looking forward to the launch of GorillaEx.  Let's see where this puppy leads shall we?

[qiwoman2]

Oh wow so shall I upload all my balls and 10k to BTCPOOL.EXCHANGE? or shall I let them sit and stake a bit more? BTW I love btcpool.exchange we have even bought tokens there.. SO GORILAX exchange will be good for 10k, mmxiv and balls holders?

[Nthused]

I guess I'll post here to follow the updates.

[hoertest]

you can just wait till gorillaex opens and deposit there, and yes , still stake till the last second of course  ,

with the amount squashed that hard and inflation slow from the start i guess mmxiv is now ahead as the merchant tool. also is on coinpayments already.

What role you plan for teeth to take ? will it have more unique features than the different stake structure?

[glax1983]

Four minute blocks (more details why later)

8% yearly rate for 98 blocks
6480% yearly rate for the last 2 blocks
Repeat cycle of 100 blocks
(Reward structure from 10k, slowed down dramatically, and far less frequent)

Average of 137.44% yearly across the network

I should also mention that staked coins will take 10 days to confirm, so ultra fast compounding will not be an issue here

Time from deposit to maturity will be one hour

[fonzerrellie]

Four minute blocks (more details why later)

8% yearly rate for 98 blocks
6480% yearly rate for the last 2 blocks
Repeat cycle of 100 blocks
(Reward structure from 10k, slowed down dramatically, and far less frequent)

Average of 137.44% yearly across the network

I should also mention that staked coins will take 10 days to confirm, so ultra fast compounding will not be an issue here

Time from deposit to maturity will be one hour

this should be very interesting, so ten days from stake'ing to spendable again?

an average of 137% of the coins that get staked... so it'll be a lot less than that with how many people leave coins on exchanges and such 

[jc12345]

Sounds great. And the name of the new coin will be GorillaTeeth?

PS: The number of compounding periods in a year does not have a material impact. It is subject to the law of diminishing returns. Compounding periods lose impact dramatically as you go over 12 so that in the end if you have 50 or 1000 or 100,000 or 700,000 makes very little difference. Will post some graphs later based on the above specs. As you go towards infinity you can actually just use a constant to calculate the effective interest rate.

An illustrative example:
If you put your money in the bank with no compounding and you decide to change the interest to monthly compounding, the effect on your interest for the year will be much bigger than if you change from monthly compounding to daily compounding. If you change from daily compounding to compounding by the minute the effect on your total interest earned at the end of the year will almost be negligible.

[cjmining]

What will happen to any coins that don't get exchanged ? If someone leaves their coins on C-Cex and does not move them to Gorillaex. There is always someone, whenever a swap is done, that does not swap their coins, will they be lost ? Will 10k and Balls be delisted from other exchanges ?

[jc12345]

What will happen to any coins that don't get exchanged ? If someone leaves their coins on C-Cex and does not move them to Gorillaex. There is always someone, whenever a swap is done, that does not swap their coins, will they be lost ? Will 10k and Balls be delisted from other exchanges ?

If you snooze you lose. I am sure there will be enough reasonable warning to make sure people transfer. Nobody would want dejavu.

[Enzyme]

So this is sort of the polished version of BALLS & 10K.

Will definitely take part in this.

[iGotSpots]

So this is sort of the polished version of BALLS & 10K.

Will definitely take part in this.

Not sort of. That's exactly what this is. We launched BALLS and 10k as data gathering tools and testing grounds. I've been trying to break them and I couldn't

This merge isn't me trying to salvage these two coins. This move is to clean up, consolidate, and get these two the attention they deserve for taking the beating of all our stress tests

[iGotSpots]

Any exchanges or sites still supporting 10k or BALLS should close shop on them immediately

[iGotSpots]

What will happen to any coins that don't get exchanged ? If someone leaves their coins on C-Cex and does not move them to Gorillaex. There is always someone, whenever a swap is done, that does not swap their coins, will they be lost ? Will 10k and Balls be delisted from other exchanges ?

They will be gone forever. The ratio on this swap will be based on how many are turned in, so nobody will hold any leftover coins; they are all going to be swapped for whatever is traded in

[pinkman12345]

What will happen to any coins that don't get exchanged ? If someone leaves their coins on C-Cex and does not move them to Gorillaex. There is always someone, whenever a swap is done, that does not swap their coins, will they be lost ? Will 10k and Balls be delisted from other exchanges ?

They will be gone forever. The ratio on this swap will be based on how many are turned in, so nobody will hold any leftover coins; they are all going to be swapped for whatever is traded in

When is the swap happening and how long will the window be open for us to swap coins? Thanks spots

[iGotSpots]

What will happen to any coins that don't get exchanged ? If someone leaves their coins on C-Cex and does not move them to Gorillaex. There is always someone, whenever a swap is done, that does not swap their coins, will they be lost ? Will 10k and Balls be delisted from other exchanges ?

They will be gone forever. The ratio on this swap will be based on how many are turned in, so nobody will hold any leftover coins; they are all going to be swapped for whatever is traded in

When is the swap happening and how long will the window be open for us to swap coins? Thanks spots

Soon, and there will be about a 1 week window from announcement to swap for you to move coins. We want to let GorillaEx run for about a week before the deadline to make sure it's working smoothly before we rely on it for the swap

Remember, the UI we launch with is just to be functional. We will pretty it up and add features soon (we've already been discussing providing Merchant Services and Multipool options for all coins listed)

The sheer server power we all have collectively available to us at this point is just insane. The only thing holding us back is actual dev work-hours that need to be put in; our hardware resources are basically unlimited at this point, so expansion will not ever be an issue

That being said, when the time comes, GorillaEx will have other coins traded against both MMXIV and TEETH. We will have all coins that are supported by GorillaStake, as well as any that I decide to add later on; which coins are added is one of the decisions I will be making along the way for GorillaEx. This is a great 'partnership' between two (or more) completely independent companies operating their services together and allowing seamless integration between them. We don't need to be a part of BTC or DOGE systems; we will build our own and tailor them to our needs. It may go a little slower, but we also have accountability, outside audits, and trusted support teams (that are not anonymous)

The companies involved financially in the exchange are in the UK and Australia, while GorillaStake is a US-Based company. Just to make it very clear: Nobody from MMXIV, GorillaStake, or I are making anything off of the exchange site. Any funds, fees, or payments done via GorillaEx will be going to our partner companies in the UK and AUS. We are, as a neutral third party, offering auditing services to ensure the site stays solvent and customer funds are secure, as well as guidance and direction on the business, website, practices, and procedures. All of this is being done for free; all the fees and any other funds will not directly benefit GorillaStake in any way. The exchange and the staking cloud are two completely different companies, working together towards seamless integration. Any answers you get from me via support tickets are being tended to by a completely wage-free volunteer

http://www.gorillastake.com/media.html has been updated with all the information posted so far, other than coin specs, which I leaked a little in the now locked thread last night

[javierbaco]

Hello.
I want to sell 10K for Catc:
I place my orders in C-cex in pair 10k / Catc:
https://c-cex.com/?p=10k-catc
https://c-cex.com/?p=catc-btc
I give it a 1/2 price 10K satoshi (0.000000005) because it is at the minimum :
- 25,000,000 (10k) x 0.000000005 (btc) = 0.125 (btc) / 0.00000300 (btc, the price I put myself to Catc and above the current market price) = + - 41,000 Catc.
http://10k.blockexplorer.cc/chain/10K
http://balls.blockexplorer.cc/
With these 2 links I want to show that there is a little more than half of 10K that Snowballs; 10K still better to go to the swap.

I don´t know if the price will rise before such swap or I will change the coins to the new currency, as can be read in the fórum, GorillaEx will be launch in a week.
If the offer price is maintained at 1 satoshi I will keep my offer until I can, if it rise .... it's something else.

Greetings
https://bitcointalk.org/index.php?topic=839452.new#new (spanish)
https://bitcointalk.org/index.php?topic=840542.new#new (english)

Igotspots, please, advise me when it's the last day to get out my coins of C-cex, Bittrex and wallet.

[Bootsize17]

Any exchanges or sites still supporting 10k or BALLS should close shop on them immediately

Question: Altdice.net, I know you are not running the show there, but what do you foresee happening with the deposits that we made there.  Will they return the amounts we sent them with our share of the profits and close up 10k ?

BTW: I'm enjoying the the 10k/BALLS ride, thanks for doing what you and your team are doing

[iGotSpots]

Any exchanges or sites still supporting 10k or BALLS should close shop on them immediately

Question: Altdice.net, I know you are not running the show there, but what do you foresee happening with the deposits that we made there.  Will they return the amounts we sent them with our share of the profits and close up 10k ?

BTW: I'm enjoying the the 10k/BALLS ride, thanks for doing what you and your team are doing

No problem. Forwarded this post to him on Skype; expect a response soon