[ANN][CRB] Creditbit - ERC20 token

[DXB2017]

Dear Community,

we already described Proof of Trust/Pawn concept of locking coins, that is a prerequisite for participating in voting and distribution systems. CreditGAME is one way of distributing newly minted coins in locked or unlocked state. In this post we would like to describe a second distribution system - Staking.

STAKING
If you are familiar with Proof of Stake concept, then it would be very easy for you to understand this distribution mechanism. The main difference is, that staking is not automatic and not linked to confirming transactions or consensus algorithm - the only prerequisite is locking tokens (PoT/P) for a longer period. With this lock you are automatically given the right to contribute to the CreditDAO with proposals or votes that your locked coins present. For reward of participation you will get the opportunity to claim your staking reward - interest.

Interests will be calculated on variable algorithm based (which will be published in advance) on the length of the stake, or in other words, the Trust you have put into Credit2 project.

So to be exact:

Owners of tokens will have an opportunity to lock a certain amount of their tokens for a longer period for the purpose of staking - this will be possible through dapp, mist or other similar wallets.
After each minimum time period, an owner can trigger a calculation of Staking award, that will be added to his balance.
When the lock time will end, owners will be able to reclaim their staked coins or lock them for another round.

Now we have two questions for our favorite community in whole crypto - you.

What should be the name of Staking process, should we change it to something else or leave it as it is?
What do you think, which % of the reward should be the highest and which the lowest? (If the percentage will be too high, the price will suffer and if too low, nobody will lock the coins to participate in the CreditDAO.)


Hope to hear the propositions from you soon….

Wow,I love your idea about Creditbit.
This is great, more we lock,les dump,price rise! What can be better?
Thanks for new idea!
I Think that 8% is maxx ! More FREE coin come ,more price dump.
So if all 12.5 milion CRB right now got locked,then maxx approx 1 milion new come in whole year, its real good !
Community,post your ideas so dev team know what to program,%,etc

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[gobbi]

Hello guys, great ideas coming, I think it should be 8 -  10% of reward. Maybe I would change the name but don´t have any idea so far.

[VanAllen]

What should be the name of Staking process, should we change it to something else or leave it as it is?

I think it needs a word (or words) that people can generally relate to; something positive that implies solidarity and security rather than risk and uncertainty (I think 'staking' implies 'betting' or risk-taking).

I'm thinking something like CreditBond maybe?

'Bond' is a positive word that implies security, trust and bonding/adhesion (ie 'sticking' together).

[DXB2017]

What should be the name of Staking process, should we change it to something else or leave it as it is?

I think it needs a word (or words) that people can generally relate to; something positive that implies solidarity and security rather than risk and uncertainty (I think 'staking' implies 'betting' or risk-taking).

I'm thinking something like CreditBond maybe?

'Bond' is a positive word that implies security, trust and bonding/adhesion (ie 'sticking' together).

Yeah i like it!
or CreditDEP or CRBDeposit so everyone will understand they got something extra if they lock or hold coins in wallet.

[LowByter]

What should be the name of Staking process, should we change it to something else or leave it as it is?

I think it needs a word (or words) that people can generally relate to; something positive that implies solidarity and security rather than risk and uncertainty (I think 'staking' implies 'betting' or risk-taking).

I'm thinking something like CreditBond maybe?

'Bond' is a positive word that implies security, trust and bonding/adhesion (ie 'sticking' together).

Wooow!

CreditBond !!!!

Definetly sounds the right way!

My vote goes to that name!

[MostlyGhostly]

I like to see Creditbit make big steps day by day! When all announcements become reality, $1 will be the minimum.

https://icotimeline.com/creditbit/

Its not that kind of news that I reckoned to see in this thread. Lately there have been many attempts to poke dead crypto and try revive it for the benefit of quick buck makers, but credebit is surely not one of them. I know that some of u tied up their money money in this garbage while being under severe affection of coke.

[LowByter]

Looks to be stable at 0.30 $

Volumes are good as well,rarely below 100k$...

I can hardly buy below 0.27$ and more then 1000 coins...then it goes up very fast.

[TheBitcoinRush]

Support CRBIT on BitcoinRush! Now almost 12,000 views: https://vid.me/AHLF

[DXB2017]

Support CRBIT on BitcoinRush! Now almost 12,000 views: https://vid.me/AHLF

Thanks for great video, nice to see 12k Views!

[LowByter]

http://www.newsbtc.com/2017/02/18/creditbit-talks-staking-latest-update/

They are following CreditBit's progress with every update!

[VanAllen]

What should be the name of Staking process, should we change it to something else or leave it as it is?

I think it needs a word (or words) that people can generally relate to; something positive that implies solidarity and security rather than risk and uncertainty (I think 'staking' implies 'betting' or risk-taking).

I'm thinking something like CreditBond maybe?

'Bond' is a positive word that implies security, trust and bonding/adhesion (ie 'sticking' together).

Wooow!

CreditBond !!!!

Definetly sounds the right way!

My vote goes to that name!

Glad you like it  


I wasn't too sure to be honest. It was really just a suggestion but looking at the various definitions of the word, I think it could work ...

http://www.thefreedictionary.com/bond

Bond:

 A uniting force or tie; a link

 something that brings or holds people together; tie

adhesive quality or strength

(Banking & Finance) finance a certificate of debt issued in order to raise funds. It carries a fixed rate of interest and is repayable with or without security at a specified future date

something, as an agreement or friendship, that unites individuals or peoples into a group; covenant.

Certainly some relevancy there I think.



I think DXB2017's DEP/Deposit suggestions are very good too though.

[DXB2017]

What should be the name of Staking process, should we change it to something else or leave it as it is?

I think it needs a word (or words) that people can generally relate to; something positive that implies solidarity and security rather than risk and uncertainty (I think 'staking' implies 'betting' or risk-taking).

I'm thinking something like CreditBond maybe?

'Bond' is a positive word that implies security, trust and bonding/adhesion (ie 'sticking' together).

Wooow!

CreditBond !!!!

Definetly sounds the right way!

My vote goes to that name!

Glad you like it  


I wasn't too sure to be honest. It was really just a suggestion but looking at the various definitions of the word, I think it could work ...

http://www.thefreedictionary.com/bond

Bond:

 A uniting force or tie; a link

 something that brings or holds people together; tie

adhesive quality or strength

(Banking & Finance) finance a certificate of debt issued in order to raise funds. It carries a fixed rate of interest and is repayable with or without security at a specified future date

something, as an agreement or friendship, that unites individuals or peoples into a group; covenant.

Certainly some relevancy there I think.



I think DXB2017's DEP/Deposit suggestions are very good too though.

Lets see what will community say,we still have time i think.
Its weekend and all is real slow.

[LowByter]

Seems that Crbit/Eth pair was a great idea,volume is pretty high, seems that Eth miners have some interest in CreditBit's recent rise and future plans

[gobbi]

Yes it is nice to see so high volume trading eth/crbit. Price is pretty much stable around 0,3 usd per crbit, but i think slowly will start to rise again.

[mctrader]

new article...
http://www.newsbtc.com/2017/02/20/livecoin-now-trade-crbeth-pair/

[LowByter]

https://cointelegraph.com/news/90-percent-of-altcoins-wont-survive-but-bitcoin-is-sustainable

Let's be in that 10% 

[Mil-LEO-naire]

Some traders dumping the crb in livecoin.net. They dont know the real value of crb next month.

[Mil-LEO-naire]

Guys let's support crb.

[LowByter]

Some traders dumping the crb in livecoin.net. They dont know the real value of crb next month.

More for us then

There aren't many around anyway...

[gobbi]

what is going on with CMC?Creditbit is ranked on 433 place now?!