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Author Topic: [ANN][CRB] Creditbit - ERC20 token  (Read 366392 times)
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VanAllen
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June 20, 2017, 08:12:07 AM
 #2821

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.
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June 20, 2017, 10:53:13 AM
 #2822

good read.

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

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June 20, 2017, 11:00:51 AM
 #2823


good article. a lot of good stuff is going on around CREDITBIT...
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June 20, 2017, 11:24:53 AM
 #2824

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
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June 20, 2017, 01:04:06 PM
 #2825

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.

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June 20, 2017, 04:25:08 PM
 #2826

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.
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June 20, 2017, 05:58:42 PM
 #2827

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?
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June 20, 2017, 07:40:51 PM
 #2828

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.

True, this percentage can change in a year from now. But I hope we explained some details about the owners-controlled issuance, enabled with CreditBOND.
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June 21, 2017, 08:25:35 AM
 #2829

The price drop a little bit...good time to buy some more. I hope soon will go back to over 1$
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June 21, 2017, 09:24:54 AM
 #2830

The price drop a little bit...good time to buy some more. I hope soon will go back to over 1$

Feels like someone is selling all of his CRB. Price is near to what it was before joining Bittrex, I hope the developers are not depressed about this.
Eagerly waiting for the CRB games to start as Minesweeper is one of my favorite game.

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June 21, 2017, 12:15:35 PM
 #2831

The price drop a little bit...good time to buy some more. I hope soon will go back to over 1$

Feels like someone is selling all of his CRB. Price is near to what it was before joining Bittrex, I hope the developers are not depressed about this.
Eagerly waiting for the CRB games to start as Minesweeper is one of my favorite game.


I am sure CRB devs team have nothing to do with price like other token/coins devs not sare about price...Dev team need to care to deliver what they promise! i am sure CRB dev team work hard to delvier all roadmap 2 as planed!


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LowByter
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June 21, 2017, 07:08:37 PM
 #2832

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.

Let's say everyone locks their coins for a year to obtain 12% of reward, then you would reach almost max inflation (CreditGame is small) but then you would not have any free coins to trade for a year apart from those that come from CreditBond...

So inflation is VERY limited with CreditBit...not to mention you can't mine it...

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June 21, 2017, 07:09:41 PM
 #2833

The price drop a little bit...good time to buy some more. I hope soon will go back to over 1$

Feels like someone is selling all of his CRB. Price is near to what it was before joining Bittrex, I hope the developers are not depressed about this.
Eagerly waiting for the CRB games to start as Minesweeper is one of my favorite game.

The ball is in the Bitcoin field this week...Eth is also low...

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June 21, 2017, 08:23:44 PM
 #2834

The price drop a little bit...good time to buy some more. I hope soon will go back to over 1$

Feels like someone is selling all of his CRB. Price is near to what it was before joining Bittrex, I hope the developers are not depressed about this.
Eagerly waiting for the CRB games to start as Minesweeper is one of my favorite game.

The ball is in the Bitcoin field this week...Eth is also low...


Now most sale all alts and tokens to get BTC...when btc hit  top and start to go down,then plenty BTC will go back to alts again...its happen all the time..

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June 22, 2017, 09:37:01 AM
 #2835

In China big pump!
https://www.dabtc.com/home/Trade/index/coin/CRBIT.html
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June 22, 2017, 09:52:47 AM
 #2836


They know why they buy!
CreditGAME and CreditBAY!


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June 22, 2017, 10:00:50 AM
 #2837

in https://cryptodao.com/site/index/CRB/CNY  1.81$ lol
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June 22, 2017, 10:45:55 AM
 #2838


Yen is in trouble for some time now

l77fernandes
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June 22, 2017, 11:46:03 AM
 #2839


Hello friends, I have CREDIT on Yobit, I am outdated, what do I do with them?
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June 22, 2017, 12:17:54 PM
 #2840


Hello friends, I have CREDIT on Yobit, I am outdated, what do I do with them?

Sorry but nothing, you're two months late Sad

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