Bitcoin Forum
April 20, 2018, 01:53:28 AM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Poll
Question: How often should the SRF buy DCR and burn coins?
Every 24 hours - 27 (44.3%)
Every 72 hours - 6 (9.8%)
Every week - 21 (34.4%)
Every month - 7 (11.5%)
Total Voters: 61

Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 »
  Print  
Author Topic: Δ DeltaCredits - Trade-in ends in less than 24 hours  (Read 80627 times)
Gladimor
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


Ignore the negative feedback.


View Profile
August 18, 2015, 12:03:54 AM
 #1

Trade-in for OMC will start on August 31, ending on September 3rd, 9 PM. PM me for details.








The Delta Credit is the new standard of a digital currency with a decreasing coin supply. How can a cryptocurrency be deflationary in terms of supply? This is accomplished by
buying coins from the market and in turn destroying them by sending them to a verifiably un-spendable coin address- all accomplished by the developers.

The supply of DeltaCredits decreases at no penalty to balance holders. Coins that are burned are originally bought from an exchange, by an SRF. Wait and watch as your position increases in value, because the asset you hold becomes more and more scarce.







The buy-back fund will be funded by various physical and cloud mining contracts, dispensed by reputable and trustworthy registered businesses. Mining revenue will in turn be used
to buy back Delta Credits off of a crypto currency exchange and accordingly destroyed- viewable publicly and transparently on the blockchain- on a daily basis.
Delta Credits will kick off with an inital coin offering (ICO) and a full premine of the coin supply, which will be just 100,000 units. But here is the catch- the ICO price will be set by the
 buyer.

The initial value of each Delta Credit will be set by how much BTC is raised in the initial offering. For example, if 10 BTC is raised, the value per Delta Credit will be 0.0001 BTC (divide the amount of BTC raised by 100,000).

What will the ICO funds be used for? Primarily, the funds will be vested in reputable, well known, and established cloud mining businesses with a long history of legitimate business.
BitMain’s HashNest could be an example of such. Every day, mining revenue will be transferred to an exchange and in turn be used to buy the sum of Delta Credits off of the market.
In turn, the credits will be burned, effectively taking them out of circulation, and lowering the coin supply. In addition, a small portion of the ICO will be used to pay for extensive marketing and other fees.

How long will it take for the entire coin supply to be destroyed?  It is nearly impossible to destroy every Delta Credit in existence. For one, investors may choose to hold onto their position
instead of list it on the market. Second, as Delta Credits become more and more scarce, the value per coin will begin to appreciate, effectively making it more expensive to destroy coins.

A more simple explanation can be found here:

https://bitcointalk.org/index.php?topic=1155319.msg12193714#msg12193714

Another in-depth explanation can be found here:

https://bitcointalk.org/index.php?topic=1155319.msg12220532#msg12220532







Being a virtual asset with a rapidly decreasing supply, Delta Credits will technically be the platinum of cryptocurrency. If the value of a Delta Credit remains at a constant ICO price
throughout a general period of 4 months, by the time we hit the 5th month, every single coin will have been purchased and burned by the developers. Here is a graph to give you a general idea.



Amount purchased per day will be based on the following 2 factors: price of the coin and cloud mining revenue generated on that day.
Also note that the linear graph represents a line of best fit.

In short the value per credit will naturally increase, or else every available coin on the market will be purchased and burned. This coin by all means is something completely new and strategies employed here haven’t been successfully accomplished by other currencies.




How long will the buy-back fund run for? The buy-back fund will be managed and run for as long as Delta Credits still exists in circulation, which seems, with all odds, forever. There will be some days in the year where the developer is absent due to being on a holiday, which will be compensated for by accumulating all missed days’ worth of BTC and buying with the full missed sum on the next day.

How is the Supply Reduction Fund (SRF) different from a multipool? A multipool’s hashrate is managed by its population of miners. That means that if there are no miners on the multipool, then there are no coins bought off the market. In addition, coins bought off the market by the multipool are handed to the miners, NOT destroyed. Delta Credits utilizes cloud hashing, and the developers burns/destroys the coins that are bought off the market.

Delta Credits allow investors to increase the value of their position NOT by means of the coin’s inflation or P&D, but by means of growing scarcity.

General Specifications
- 100,000 coin supply
- 1% PoS per annum, full PoS
- 100% Pre-mine, no PoW period
- ICO, price set by buyers
- 60 second block times
- 8 hours min. age to start staking
- 1 month max age
- Supply Reduction Fund will operate with an approx. 0.5% - 1.2% of coin supply bought from market and burned each day, based off of a constant ICO value.


Wallets


                               

Note: You MUST create a deltacredits.conf file with the following information:

Code:
addnode=158.69.159.45




Exchanges




Block explorer:


http://cryptobe.com/chain/DeltaCredits


ICO ended on August 24, 8 PM EST.

Link to burn address: http://cryptobe.com/address/DBurnAddressDELTACreditsDCR1MHEkpR
Amount of DCR burned to date: 8322.12305107



ICO ended on August 24, 8 PM EST.

Amount of BTC raised: 9.78316657 BTC
Price per DCR: 0.00009783 BTC
100,000 Coin supply, steadily decreasing.




Slack channel: deltacredits.slack.com
If you would like an invitation to join the discussion, please message me with your email.




Delta Credits was once an idea. Now it is a reality.






Wallets will be available at the end of the ICO (August 24). Unmoderated thread for the freedom of opinion and ideology. We feel that everyone's words are valued, criticism and support alike. Please refrain from posting off-topic posts or general troll/FUD posts, for the good of this discussion thread.





Signed,
Adam T., Project leader of DeltaCredits







SRF Donation Address:

1LFkpqEHSt42TKLAuq4RzY8jbdbQubcEbu

Developmental Donation Address:
BTC: 1Av9zGFyzECMpZ4gGXWrTXuTYuPgUNwpw1
DCR: DUNWYX7HNgQow2yXEEt1LnJERhR72qtet1




Letter to the community:

Congratulations, the ICO has closed with 9.78316657 BTC raised and 27 unique investors.

What does this valuation in ICO funds signify? It signifies a major community interest in the DeltaCredits currency and project. As ICO investors, we are all supporting a new idea, a new stratagem, a new project that has never been brought before the world before. And it is my pleasure to be the leader of this very project. Together, we'll bring DeltaCredits to the marketcap valuation and success other major projects have seen.
It all begins here folks. It all begins now.

Godspeed,
Adam T.
Lead Developer and Project Leader, DeltaCredits


Full time miner and CEO
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1524189208
Hero Member
*
Offline Offline

Posts: 1524189208

View Profile Personal Message (Offline)

Ignore
1524189208
Reply with quote  #2

1524189208
Report to moderator
1524189208
Hero Member
*
Offline Offline

Posts: 1524189208

View Profile Personal Message (Offline)

Ignore
1524189208
Reply with quote  #2

1524189208
Report to moderator
Panadacoin
Sr. Member
****
Offline Offline

Activity: 285
Merit: 250


Peer-to-peer binary options platform


View Profile
August 18, 2015, 12:28:01 AM
 #2

Stop the ICOs please.

               ▄▄
           ▄▄▓▓▓▓▓▓▄▄
       ▄▄▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄▄
   ▄▄▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄▄
 ▄▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▄
█▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓██
█████▓▓▓▓▓▓▓▓▓▓▀▀▓▓▓▓▓▓▓▓▓▓██████
████████▓▓▓▀▀      ▀▀▓▓▓█████████
████████▓▓▓▄▄      ▄▄▓▓▓█████████
█████▓▓▓▓▓▓▓▓▓▓▄▄▓▓▓▓▓▓▓▓▓▓██████
█▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓██
 ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
   ▀▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀▀
       ▀▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀▀
           ▀▀▓▓▓▓▓▓▀▀
               ▀▀

                          █
                         █
                        █
                       █
              █       █
             █ █     █
          █ █   █   █
         █ █     ▀▀▀
    █   █
   █ █ █
  █   █
 █

▄███████████████████▓▄
███       ██████████▓▓▓▄
███       ██████████▓▓▓▓▓▄
███       ██████████▓▓▓▓▓▓▓
███████████████████████████
███                     ███
███████████████████████████
███                     ███
███████████████████████████
███                     ███
███████████████████████████
███                     ███
███████████████████████████
▀█████████████████████████▀
Gladimor
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


Ignore the negative feedback.


View Profile
August 18, 2015, 12:35:14 AM
 #3

Stop the ICOs please.

The base fundamental of this coin (SRF) requires funds to function.

Full time miner and CEO
dengchangli
Full Member
***
Offline Offline

Activity: 179
Merit: 100


View Profile
August 18, 2015, 12:36:09 AM
 #4

O NO  ICO

RarePepeQuadNitroSS
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
August 18, 2015, 01:07:31 AM
 #5

http://i.imgur.com/9Eh5i40.jpg
Gladimor
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


Ignore the negative feedback.


View Profile
August 18, 2015, 01:14:53 AM
 #6



To be honest, I laughed  Cheesy

Anyways, this coin will be distributed on whatever value is raised in the ICO (be it 0.1 BTC or 50). After the ICO, I will arrange to be listed on an exchange within 72 hours.

Full time miner and CEO
mamahdedeh
Full Member
***
Offline Offline

Activity: 193
Merit: 100


https://ubiatarplay.io


View Profile
August 18, 2015, 01:15:41 AM
 #7


if you can provide information that another dev? I am less convinced by your explanation.

Gladimor
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


Ignore the negative feedback.


View Profile
August 18, 2015, 01:32:42 AM
 #8


if you can provide information that another dev? I am less convinced by your explanation.

Which parts need additional explanation?

Full time miner and CEO
contraband
Hero Member
*****
Offline Offline

Activity: 574
Merit: 505



View Profile
August 18, 2015, 01:34:55 AM
 #9

It is interesting.

If the devs did exactly as planned, can anyone say this wouldn't work. If so why?

https://bitcointalk.org/index.php?topic=2353282.0size=2pt       ▄▄▀▀▀▀▀▀▀▀▀▄▄
    ▄█▀ ▄▄███████▄▄ ▀
  ▄█▀ ▄████████▀▀ ▄▄█▀ ▄▄
 ▄▀ ▄██████▀▀ ▄▄███▀ ▄▄ ▀▄
▄█ ████▀▀ ▄▄█████▀ ▄████ █▄
█ ▄█████▄  ▀██████▄ ▀███▄ █
█ ███▀▀▀ ▄███████▀ ▄▄▄███ █
█ ▀███▄ ▀██████▄  ▀█████▀ █
▀█ ████▀ ▄█████▀▀ ▄▄████ █▀
 ▀▄ ▀▀ ▄███▀▀ ▄▄██████▀ ▄▀
  ▀▀ ▄█▀▀ ▄▄████████▀ ▄█▀
    ▄ ▀▀███████▀▀ ▄█▀
       ▀▀▄▄▄▄▄▄▄▄▄▀▀
[/size][/url]
electroneum▄████████████▄
██████▄▄▄▄██████
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█              █
          ▄   █
     ▄▄██▀    █
    ▄▄██▀▀    █
    ▄█▀▀▀     █
   ▀          █
█              █
█              █
███████▀▀███████
 ▀█████▄▄█████▀
▄██████████████▄
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█              █
█              █
          ▄   █
     ▄▄▄█▀    █
    ▄▄██▀▀    █
    ▄█▀▀▀     █
   ▀          █
█              █
█              █
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
▀█████▄▄▄▄█████▀
||
mmm01
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1051



View Profile
August 18, 2015, 01:38:20 AM
 #10

wish you the best of luck with this.

shojayxt
Legendary
*
Offline Offline

Activity: 896
Merit: 1000



View Profile
August 18, 2015, 01:44:18 AM
 #11

From the ANN:

ICO details and steps
1. Please send your desired amount of BTC to this address:

1Q9Q7BJMLEEbJemQApb3tGqU8zaS2tKja


Not even going to bother with escrow?
Gladimor
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


Ignore the negative feedback.


View Profile
August 18, 2015, 01:46:14 AM
 #12

From the ANN:

ICO details and steps
1. Please send your desired amount of BTC to this address:

1Q9Q7BJMLEEbJemQApb3tGqU8zaS2tKja


Not even going to bother with escrow?

If escrow is a concern, I can definitely arrange for one.

Full time miner and CEO
Gladimor
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


Ignore the negative feedback.


View Profile
August 18, 2015, 01:51:06 AM
 #13

It is interesting.

If the devs did exactly as planned, can anyone say this wouldn't work. If so why?

+1, I would also like to hear of any notable/obvious flaws in the project.

Full time miner and CEO
shojayxt
Legendary
*
Offline Offline

Activity: 896
Merit: 1000



View Profile
August 18, 2015, 01:53:04 AM
 #14

From the ANN:

ICO details and steps
1. Please send your desired amount of BTC to this address:

1Q9Q7BJMLEEbJemQApb3tGqU8zaS2tKja


Not even going to bother with escrow?

If escrow is a concern, I can definitely arrange for one.

I know that you're not a new account and have a good trust rating but you would probably get more interest if you did.  I'm not questioning your trustworthiness but I just believe in using escrow for these types of offerings.
Zackgeno96
Hero Member
*****
Offline Offline

Activity: 826
Merit: 513


View Profile
August 18, 2015, 02:00:02 AM
 #15

From the ANN:

ICO details and steps
1. Please send your desired amount of BTC to this address:

1Q9Q7BJMLEEbJemQApb3tGqU8zaS2tKja


Not even going to bother with escrow?

If escrow is a concern, I can definitely arrange for one.

I know that you're not a new account and have a good trust rating but you would probably get more interest if you did.  I'm not questioning your trustworthiness but I just believe in using escrow for these types of offerings.
this was my concern to,  always use an escrow for ico's and if you are going to use an escrow you might need to extend it till the 25th, considering it will take abit of time to find an escrow...
Gladimor
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


Ignore the negative feedback.


View Profile
August 18, 2015, 02:16:36 AM
 #16

From the ANN:

ICO details and steps
1. Please send your desired amount of BTC to this address:

1Q9Q7BJMLEEbJemQApb3tGqU8zaS2tKja


Not even going to bother with escrow?

If escrow is a concern, I can definitely arrange for one.

I know that you're not a new account and have a good trust rating but you would probably get more interest if you did.  I'm not questioning your trustworthiness but I just believe in using escrow for these types of offerings.
this was my concern to,  always use an escrow for ico's and if you are going to use an escrow you might need to extend it till the 25th, considering it will take abit of time to find an escrow...

Very well then, I will get in touch with an escrow.

Full time miner and CEO
nara1892
Hero Member
*****
Offline Offline

Activity: 812
Merit: 508



View Profile
August 18, 2015, 02:48:55 AM
 #17

Ico again Huh
No thanks  Tongue

go6ooo1212
Legendary
*
Offline Offline

Activity: 1344
Merit: 1000


Get smart !


View Profile
August 18, 2015, 03:46:53 AM
 #18

The project seems interesting with that decreasing supply. Going further with that, I'm curious which amount will the ICO gain...

wildduck
Hero Member
*****
Offline Offline

Activity: 826
Merit: 1000


View Profile
August 18, 2015, 12:20:51 PM
 #19

Yes another ico but with interesting building price for ico..

Gladimor
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000


Ignore the negative feedback.


View Profile
August 18, 2015, 01:14:11 PM
 #20

ICO is paused until escrow is ready (should make the post by tonight).

Full time miner and CEO
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!