[ANN][CRB] Creditbit - ERC20 token

[DXB2017]

good read

http://fintechist.com/creditbit-community-thrives-due-jaxx-support-upcoming-roadmap-3/

[1714230840]

1714230840

[1714230840]

1714230840

[tehMoonwalker]

whats the max coin suply? also op missing some details and could use better presentation

[DXB2017]

whats the max coin suply? also op missing some details and could use better presentation

Circulating Supply
11,874,616 CRB


about maxx you dont know..if all will lock then 12% a year will come...if nobody lock for pos then none extra from that side..then only frm creditGames few coins a year...

[CreditBit-dev]

whats the max coin suply? also op missing some details and could use better presentation

Technically, max coin supply is limited with some profound limits, like uint is written with 256 bits But I doubt this number will ever be reached.
But as others already explained, CreditBOND mechanism (locking) constantly expand the number of Tokens in the circulation.

[DXB2017]

So its mean no locking ... no new tokens! Its good! 👍🏼

[ACanJadaS]

whats the max coin suply? also op missing some details and could use better presentation

Technically, max coin supply is limited with some profound limits, like uint is written with 256 bits But I doubt this number will ever be reached.
But as others already explained, CreditBOND mechanism (locking) constantly expand the number of Tokens in the circulation.

That sounds like unlimited 'dilution' essentially(?). That actually sounds like a bad thing, unless I am not understanding correctly.

[DXB2017]

whats the max coin suply? also op missing some details and could use better presentation

Technically, max coin supply is limited with some profound limits, like uint is written with 256 bits But I doubt this number will ever be reached.
But as others already explained, CreditBOND mechanism (locking) constantly expand the number of Tokens in the circulation.

That sounds like unlimited 'dilution' essentially(?). That actually sounds like a bad thing, unless I am not understanding correctly.

i am sure you not understand it

[ACanJadaS]

Explain it to me then.

The way I read this is that every BOND that is done creates up to 12% more CRB in the market. If there is no set limit, then the maximum number of CRB in essentially unlimited, severely watering down the currency. Bitcoin is limited to a set number and the way they mine decreases over the years so that they do not pass that number.

[DXB2017]

Explain it to me then.

The way I read this is that every BOND that is done creates up to 12% more CRB in the market. If there is no set limit, then the maximum number of CRB in essentially unlimited, severely watering down the currency. Bitcoin is limited to a set number and the way they mine decreases over the years so that they do not pass that number.

CreditBOND YIELD (AWARD):

With locking your Tokens you will be able to collect yields from the CreditBOND Smart Contract. But be sure to understand, how the yields are calculated first.

Yields depend on a locking period:

from 1 to 175200 blocks (a month) - 1% yield per year

from 175200 to 525600 blocks (3 months) - 3% yield per year

from 525600 to 1051200 blocks (6 months) - 6% yield per year

from 1051200 to 2102400 blocks (1 year) - 8% yield per year

from 2102400 to 4204800 blocks (2 year) - 12% yield per year


so its from 1% to 12% ....
if nobody lock, then no new coins will come.

+ some extra coins,not much will come from games. if guys will not play much games,nothing etra will come...

i hope all will lock coins to get 12% but when you lock your tokens,then that locked tokens cant be use for 1 year..so that mean no dumpers on exchanges.. and price will rise like crazy..

[ACanJadaS]

Explain it to me then.

The way I read this is that every BOND that is done creates up to 12% more CRB in the market. If there is no set limit, then the maximum number of CRB in essentially unlimited, severely watering down the currency. Bitcoin is limited to a set number and the way they mine decreases over the years so that they do not pass that number.

CreditBOND YIELD (AWARD):

With locking your Tokens you will be able to collect yields from the CreditBOND Smart Contract. But be sure to understand, how the yields are calculated first.

Yields depend on a locking period:

from 1 to 175200 blocks (a month) - 1% yield per year

from 175200 to 525600 blocks (3 months) - 3% yield per year

from 525600 to 1051200 blocks (6 months) - 6% yield per year

from 1051200 to 2102400 blocks (1 year) - 8% yield per year

from 2102400 to 4204800 blocks (2 year) - 12% yield per year


so its from 1% to 12% ....
if nobody lock, then no new coins will come.

+ some extra coins,not much will come from games. if guys will not play much games,nothing etra will come...

i hope all will lock coins to get 12% but when you lock your tokens,then that locked tokens cant be use for 1 year..so that mean no dumpers on exchanges.. and price will rise like crazy..

Thanks DXB, I understand that part.  What I was alluding to was that with that BOND, etc... there is no maximum amount of CRB that could be allowed, which dilutes the currency.

[romanipk]

How it will affect the price CRB Creditbit ?

[DXB2017]

How it will affect the price CRB Creditbit ?

More they lock ,price will rise! No crb tokens on market!

No lock also good no more new tokens coming!

If you ask me both ways are good 😜👍🏼

[mctrader]

Cant wait Creditgame to come and im sure a lot of new users.

[VanAllen]

Thanks DXB, I understand that part.  What I was alluding to was that with that BOND, etc... there is no maximum amount of CRB that could be allowed, which dilutes the currency.

How it will affect the price CRB Creditbit ?

As I understand it ...

If nobody locks ==> No new tokens on the market. If demand exceeds supply, price goes up.

If everybody locks ==> New tokens generated but not on the market. If demand exceeds supply, price goes up.


Of course some people will lock, some won't. If the price goes up, more people will probably sell. If the price goes down, more people will probably hold or lock. It's kind of self-regulating.

[DXB2017]

good read.

http://www.newsbtc.com/2017/06/20/jaxx-support-for-creditbit-on-the-way/

[mctrader]

good read.

http://www.newsbtc.com/2017/06/20/jaxx-support-for-creditbit-on-the-way/

good article. a lot of good stuff is going on around CREDITBIT...

[CreditBit-dev]

Explain it to me then.

The way I read this is that every BOND that is done creates up to 12% more CRB in the market. If there is no set limit, then the maximum number of CRB in essentially unlimited, severely watering down the currency. Bitcoin is limited to a set number and the way they mine decreases over the years so that they do not pass that number.

Yes, every BOND creates up to 12% on a yearly basis, but locked CRBIT Tokens are locked during this period and cannot enter markets for trading. Taking into account, that only a part of investors are willing to lock their Tokens for a long period (1 year+), overall increase of Tokens in the circulation is expected to be much lower than 12%.  

April 22th:
11,870,283.08104604 CRBITs were migrated to CRB

Today (20.6.2017): Source
11,874,615.57683263 CRB

Increase in approx. 2 months:
approx. 4332 Tokens -> 0,0365% increase in 2 months -> approx. 0,22% yearly increase

Ethereum has yearly inflation rate in 2017 around 15%: https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/
Bitcoin - approx 4,2%: https://en.bitcoin.it/wiki/Controlled_supply
But both currencies are not demanding to lock Tokens/Coins to gain BOND yields.

Still worried?

Dev Team

[DXB2017]

Explain it to me then.

The way I read this is that every BOND that is done creates up to 12% more CRB in the market. If there is no set limit, then the maximum number of CRB in essentially unlimited, severely watering down the currency. Bitcoin is limited to a set number and the way they mine decreases over the years so that they do not pass that number.

Yes, every BOND creates up to 12% on a yearly basis, but locked CRBIT Tokens are locked during this period and cannot enter markets for trading. Taking into account, that only a part of investors are willing to lock their Tokens for a long period (1 year+), overall increase of Tokens in the circulation is expected to be much lower than 12%.  

April 22th:
11,870,283.08104604 CRBITs were migrated to CRB

Today (20.6.2017): Source
11,874,615.57683263 CRB

Increase in approx. 2 months:
approx. 4332 Tokens -> 0,365% increase in 2 months -> approx. 0,22% yearly increase

Ethereum has yearly inflation rate in 2017 around 15%: https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/
Bitcoin - approx 4,2%: https://en.bitcoin.it/wiki/Controlled_supply
But both currencies are not demanding to lock Tokens/Coins to gain BOND yields.

Still worried?

Dev Team

Another great replay from CRB dev team..now you can see CRB got best ever dev team.

[ACanJadaS]

Explain it to me then.

The way I read this is that every BOND that is done creates up to 12% more CRB in the market. If there is no set limit, then the maximum number of CRB in essentially unlimited, severely watering down the currency. Bitcoin is limited to a set number and the way they mine decreases over the years so that they do not pass that number.

Yes, every BOND creates up to 12% on a yearly basis, but locked CRBIT Tokens are locked during this period and cannot enter markets for trading. Taking into account, that only a part of investors are willing to lock their Tokens for a long period (1 year+), overall increase of Tokens in the circulation is expected to be much lower than 12%.  

April 22th:
11,870,283.08104604 CRBITs were migrated to CRB

Today (20.6.2017): Source
11,874,615.57683263 CRB

Increase in approx. 2 months:
approx. 4332 Tokens -> 0,0365% increase in 2 months -> approx. 0,22% yearly increase

Ethereum has yearly inflation rate in 2017 around 15%: https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/
Bitcoin - approx 4,2%: https://en.bitcoin.it/wiki/Controlled_supply
But both currencies are not demanding to lock Tokens/Coins to gain BOND yields.

Still worried?

Dev Team

Thanks, I do believe that it's fair to say that the early numbers do not reflect what it will look like in a year from now.

Good work on the coin.

[rabbitcoffee]

Boss has spoken.  I have found out all identities of this token.  Thank you for sharing in an indirect way.  Needless to say boss not happy.  Thank you for giving me challenging task.  If boss share with other Chinese bosses so be it.  Go ahead delete this post.  No, I will not share my hard work with others here.  Do your own work.  Why is price down?