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Author Topic: [ANN] MACRO | POW | 1st Deterministic Wallet | P2P Derivative trading [NO ICO]  (Read 10029 times)
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MACROCOSM
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August 31, 2015, 08:15:19 AM
 #1

What is MACRO?
MACRO solves one of the major problems of owning crypto currencies.  When it comes to derivative based trading for altcoins, your options are extremely limited.

With MACRO it is now possible to short any altcoin on the market, and also to trade altcoins with leverage (margin trading).

In this way, MACRO is a hedge against risk in the altcoin market.

For example, let's say you want to open a short position for 100 ABCoins. That means you want to buy 100 ABCoins hoping that the price will go down.

Using our decentralised exchange (MACROex), 100 ABCoins are borrowed to the user, and automatically sold for the equivalent amount in MACRO. If the price of ABCoin falls, the user now buys back 100 ABCoins using MACRO, and keeps the difference made from this transaction for himself as profit.

Having asset protection in place by reducing your exposure is a fundamental requirement in today’s markets.  MACRO makes this a seamless process, we offer something no other altcoin can, which is peace of mind.

MACRO also makes it possible for users to trade any altcoin on the market using leverage.

Our margin trading feature is unique in the altcoin world. Basically, it allows you to automatically borrow funds from the MACROex pool of liquidity to trade any altcoin.

For example, let's say you want to open a long position for 100 ABCoins. That means you want to buy 100 ABCoins hoping that the price will go up. The system will automatically draw these coins from the MACROex pool of liquidity, at the best rates available. Your position will have a maximum period (defined by the balance in the pool), after which you will have to reimburse the 100 ABCoins (close the position).

At any time before the expiration date, you can close your position. This will reimburse the system, and you will keep the profit.

The same goes for short positions, where you borrow altcoins and immediately sell for MACRO.
If there is no funds immediately available in the pool of liquidity, you will not be able to open your position.

The MACROex pool of liquidity is used to make margin trading and short selling possible. It does not serve the purpose of buying or selling coins, it serves only as margin requirements. Funds in pool are to cover for eventual losses that may occur and to actualise all profits. When the maturated loss equals almost all your wallet balances, you may get a margin call and have your position force-closed to avoid further losses.

MACRO Deterministic Wallet
MACRO uses a deterministic wallet. What is a deterministic wallet?  It's a wallet that you can backup once and it stays backed up forever because all future addresses are determined in advance.

It can also be stripped down to a very small size which could be easily backed up on paper (e.g. with a QR code). This is a direct contrast to the current non-deterministic wallets where the keys are random but are precompiled ahead of time so that you're safe only if you backup at least every 100 get addresses or sends, which grow large and harder to backup on paper over time.

MACRO’s deterministic wallet eliminates the need to consistently back up your addresses.

This feature allows users to restore their wallet in case of loss, or to easily transport their wallet onto another machine.

The MACRO wallet uses the blockchain as the only source of information; we do not want users to be tied to a third-party storage.

In order to achieve this, the client watches the next addresses that are going to be used in its deterministic sequence.
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1513462395
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Sir_Astral
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August 31, 2015, 09:06:42 AM
 #2

Is it Bittrex confirmed coin?
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August 31, 2015, 09:11:49 AM
 #3

A NO-ICO coin. I wish you good luck with your project, meanwhile can you give us more details about email payment? Is it like Paypal? Smiley
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August 31, 2015, 09:16:08 AM
 #4

Is it Bittrex confirmed coin?

Indeed it is, you can expect live trading to begin within the next few hours Wink
Taiga
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August 31, 2015, 09:19:56 AM
 #5

Hi dev, i can't download windows-qt  wallet  from mega, please replace to another filehosting
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August 31, 2015, 09:28:16 AM
 #6

when start mining phase?

.
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dengchangli
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August 31, 2015, 09:33:20 AM
 #7

Exchange?

andrealandia
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August 31, 2015, 09:43:26 AM
 #8

No pool available?

https://www.virustotal.com/it/file/90c5a26220a8f8859da89c8c381f5c0e6421e0560f1c6a955324ef1828189cfb/analysis/1441013469/

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ioncanon
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August 31, 2015, 09:47:38 AM
 #9

version" : 1000001,
"protocolversion" : 70010,
"walletversion" : 60000,
"balance" : 0.00000000,
"blocks" : 269,
"timeoffset" : 0,
"connections" : 2,
"proxy" : "",
"difficulty" : 2.80434167,
"testnet" : false,
"keypoololdest" : 1441014382,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00001000,
"errors" : ""

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August 31, 2015, 09:54:51 AM
 #10

any pool?

Taiga
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August 31, 2015, 11:53:25 AM
 #11

when start mining phase?


Hey there,

POW has already started

Hi dev, i can't download windows-qt  wallet  from mega, please replace to another filehosting

No problem, try these:

https://drive.google.com/file/d/0B_tBwlpPXPdXSEdtUHRCU0MtaGc/view?usp=sharing
http://www.filedropper.com/macro-qt



Exchange?

Launching on Bittrex shortly Wink

thanks
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August 31, 2015, 12:01:52 PM
 #12

That's one of the things I'm paranoid about. If you shelf coins that are from before a certain date, is there going to be a point when the community gets sick of preserving the ledger back to that date?
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August 31, 2015, 12:45:58 PM
 #13

any pool?

Thanks
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September 01, 2015, 12:31:45 AM
 #14

getting error  even with root permission

Building LevelDB ...
/bin/sh: 1: ./build_detect_platform: Permission denied
make[1]: Entering directory `/home/gpu/MACRO-master/src/leveldb'
Makefile:18: build_config.mk: No such file or directory
make[1]: *** No rule to make target `build_config.mk'.  Stop.
make[1]: Leaving directory `/home/gpu/MACRO-master/src/leveldb'
make: *** [leveldb/libleveldb.a] Error 2


Are you compiling on a NTFS Partition?

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September 01, 2015, 01:17:38 AM
 #15

Pool please ?!
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September 01, 2015, 01:59:16 AM
 #16

Ill try to mine some
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September 01, 2015, 06:41:02 AM
 #17

is there no pool? would like to mine some
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September 01, 2015, 09:49:27 AM
 #18

No pool? Seems like something new Im in

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September 01, 2015, 11:16:54 AM
 #19

Pool ROD!

http://pool.rodlycirus.org/

Happy Mining!!
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September 01, 2015, 11:47:16 AM
 #20

I noticed the 22 mil put up on Bittrex had an extra 24k in it. what are they for? and what just happened to 113 of them?

Cheers.

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