How many coin are required to get first notice of pump? I saw that 200 SNRG was mentioned by Grandpa Jones as a potential entry amount to keep in wallet, but that there might be a hierarchy where the top amount of coin holders get first notice head start on coin to be pumped?
Thank you in advance.
Everything you said is correct.
At the moment, the minimal balance for entry is 200 SNRG. This number may go down as the price goes up. We came up with that number when the prices was about 8000 sat.
Yes there will be a hierarchy. Bigger wallets will get early notifications. Participants must maintain the minimal balance (200 SNRG) for at least two weeks before the pump start. The minimum balance over that time will be used for ordering notifications.
It is important to
make sure that the registration address maintains the minimum balance. A balance split among many different addresses will not work. A participant will register with a single address, and this address determines the participant's ordering.
If it sounds complicated, don't fret, I have been working fanatically to make this as simple as possible. We will have instructions after release and hopefully a professional video (hinting to the rest of the team here).
On that note, I'm happy to report my progress with the pump group organization page. Tonight I debugged the two scans that track the "ongoing" pump. The screen shot below shows the results of a testing cycle. One can see that the GUI client can now automatically scan all transactions to find the registration address for the current pump (here "
STTG547MFDcSB36miRyX6c8SwXSVzY9jsz") and then find the encrypted communication that indicates the coin to be pumped and the exchange where the pump will be focused (here "
SNRG / Bittrex" -- and no, we won't actually pump SNRG).
I have yet to do the final scan to find the minimum balance, but this will be trivial compared to the previous scans, which presented several challenges. My current estimation is to have a beta release within 3 days. I will continue making regular updates in the meantime.
