[ANN] 1337 [MANDATORY UPDATE] 41.78% APR| POS ONLY

[vella85]

POS 2% or 1,5% per year, that's all

I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year. 

it should be 1.337%

That's a good idea and now we just need to hear from the dev to let us know what he thinks of all the suggestions that have been posted here. Purchased a truck load more 1337 coins which was from my BTC faucet earnings.

[1714686621]

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[Velvet78]

POS 2% or 1,5% per year, that's all

I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year. 

it should be 1.337%

That's a good idea and now we just need to hear from the dev to let us know what he thinks of all the suggestions that have been posted here. Purchased a truck load more 1337 coins which was from my BTC faucet earnings.

sorry guys i needed a lil break. thanks for the suggestions. as someone mentioned before, people stake coins because they expect a return. imho 1-2% /year simply isnt enough incentive for users to keep coins in their wallet and stake them and most coins will end up on the exchanges. even with a high apr of 334.25% there are lots of coins blocking any rise in price atm... killing the coin in the process.

also, stake2play project is based on the idea that people can buy things with their stakes. so lets say someone invests $100 in the new version... how long would it take till he could afford a $5 game if the apr is 1.337% per year?

as for the swap ratio of 1000:1, that was my first thought too but it seemed a bit too radical to me at the time. but i have to agree that 10M coins are probably easier to manage than 100M coins.

[vella85]

POS 2% or 1,5% per year, that's all

I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year.  

it should be 1.337%

That's a good idea and now we just need to hear from the dev to let us know what he thinks of all the suggestions that have been posted here. Purchased a truck load more 1337 coins which was from my BTC faucet earnings.

sorry guys i needed a lil break. thanks for the suggestions. as someone mentioned before, people stake coins because they expect a return. imho 1-2% /year simply isnt enough incentive for users to keep coins in their wallet and stake them and most coins will end up on the exchanges. even with a high apr of 334.25% there are lots of coins blocking any rise in price atm... killing the coin in the process.

also, stake2play project is based on the idea that people can buy things with their stakes. so lets say someone invests $100 in the new version... how long would it take till he could afford a $5 game if the apr is 1.337% per year?

as for the swap ratio of 1000:1, that was my first thought too but it seemed a bit too radical to me at the time. but i have to agree that 10M coins are probably easier to manage than 100M coins.

Thanks for the update dev and I hope you had a nice break as we all need a break every now and then. You have some good points and now I see why 1 to 2 percent per year isn't attractive for people to invest in 1337. So the question is are we having a swap? So far a swap is leading in the poll and when will this poll end?

[Velvet78]

POS 2% or 1,5% per year, that's all

I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year.  

it should be 1.337%

That's a good idea and now we just need to hear from the dev to let us know what he thinks of all the suggestions that have been posted here. Purchased a truck load more 1337 coins which was from my BTC faucet earnings.

sorry guys i needed a lil break. thanks for the suggestions. as someone mentioned before, people stake coins because they expect a return. imho 1-2% /year simply isnt enough incentive for users to keep coins in their wallet and stake them and most coins will end up on the exchanges. even with a high apr of 334.25% there are lots of coins blocking any rise in price atm... killing the coin in the process.

also, stake2play project is based on the idea that people can buy things with their stakes. so lets say someone invests $100 in the new version... how long would it take till he could afford a $5 game if the apr is 1.337% per year?

as for the swap ratio of 1000:1, that was my first thought too but it seemed a bit too radical to me at the time. but i have to agree that 10M coins are probably easier to manage than 100M coins.

Thanks for the update dev and I hope you had a nice break as we all need a break every now and then. You have some good points and now I see why 1 to 2 percent per year isn't attractive for people to invest in 1337. So the question is are we having a swap? So far a swap is leading in the poll and when will this poll end?

i would like to make it clear that its not my intention to force anyone to swap. i also cant guarantee any success after the swap but as things are now i simply cant do much because there is no liquidity in the market. so there will most likely be 2 coins instead of 1 and people will only be able to swap 1337 for the new coin and the old coins will get burned in that process. i have no ETA atm but i'll post my suggestion for the specs of the swap after i gathered more info.

we also need a new name, logo, ann etc etc but those things will come after we came to an agreement as a community. lets give the poll till the end of the week?

[VooDooBarbie]

The 1000:1 sounds a bit much I think - maybe 100:1 + 13.37% if the swap were to occur.

[axllht]

POS 2% or 1,5% per year, that's all

I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year.  

it should be 1.337%

That's a good idea and now we just need to hear from the dev to let us know what he thinks of all the suggestions that have been posted here. Purchased a truck load more 1337 coins which was from my BTC faucet earnings.

sorry guys i needed a lil break. thanks for the suggestions. as someone mentioned before, people stake coins because they expect a return. imho 1-2% /year simply isnt enough incentive for users to keep coins in their wallet and stake them and most coins will end up on the exchanges. even with a high apr of 334.25% there are lots of coins blocking any rise in price atm... killing the coin in the process.

also, stake2play project is based on the idea that people can buy things with their stakes. so lets say someone invests $100 in the new version... how long would it take till he could afford a $5 game if the apr is 1.337% per year?

as for the swap ratio of 1000:1, that was my first thought too but it seemed a bit too radical to me at the time. but i have to agree that 10M coins are probably easier to manage than 100M coins.

Thanks for the update dev and I hope you had a nice break as we all need a break every now and then. You have some good points and now I see why 1 to 2 percent per year isn't attractive for people to invest in 1337. So the question is are we having a swap? So far a swap is leading in the poll and when will this poll end?

i would like to make it clear that its not my intention to force anyone to swap. i also cant guarantee any success after the swap but as things are now i simply cant do much because there is no liquidity in the market. so there will most likely be 2 coins instead of 1 and people will only be able to swap 1337 for the new coin and the old coins will get burned in that process. i have no ETA atm but i'll post my suggestion for the specs of the swap after i gathered more info.

we also need a new name, logo, ann etc etc but those things will come after we came to an agreement as a community. lets give the poll till the end of the week?

so, I understood an idea now, buying games on steam for 1337 sounds good for me

IMO:
- I changed my mind I think swap is not nessesery or 1000:1 or 100:1 or whatever,

I see
Market Cap: $34,738
Available Supply: 8,569,582,812 of 1337
(source: http://coinmarketcap.com/currencies/1337/)

- inclinet games market, integrated with steam, can be awesome feature

- more to promote this coin! (maybe in INDIE games world at first)

- MORE INFORMATION about GAMES FOR 1337!!! its most important, ppl should know at first, I CAN BUY A GAME FOR 1337 and it works great,
I saw this webpage stake2play with games but I escaped becouse I dont know how to buy it,
Please create some video tutorial, "HOW TO BUY A GAME FOR MY 1337"
what I see now, some mistique logo and name and specyfications, and somewhere small letters that I did not read never before "Our Road Map...." BUT Stake2Play! It is a face of 1337! not stake for dump lol

1. nice logo + name
2. Stake2Play! > buy games on steam for 1337
3. tutorial

next specyfications, socials etc


- btw. maybe just graphic design should be more proffesional

there is one problem, 24B coins in the next year, 70B in 2018, maybe coins which will be used to buy a game should be burned lol, or swap every year 3:1 if stake % is 300
what can Steam buy for earned 1337?

1337 http://www.urbandictionary.com/define.php?term=1337 maybe this name is not bad
deffinition #7 "Now 1337 used mainly by the gaming community (also in chatrooms) to mean an especially skilled player."

[00HasH]

Faucet is working again.
To compensate for the downtime it now pays out 500 1337 per hour
http://crypto4free.ml/index.php/1337-faucet/

[CryptoHobo]

...

i would like to make it clear that its not my intention to force anyone to swap. i also cant guarantee any success after the swap but as things are now i simply cant do much because there is no liquidity in the market. so there will most likely be 2 coins instead of 1 and people will only be able to swap 1337 for the new coin and the old coins will get burned in that process. i have no ETA atm but i'll post my suggestion for the specs of the swap after i gathered more info.

we also need a new name, logo, ann etc etc but those things will come after we came to an agreement as a community. lets give the poll till the end of the week?

Can I see a logo competition in the works?  obviously need to be done after a name change. Why do you want to change the name? I'll try and think of some regardless, would you be putting suggestions to a poll?

&& Hi Everyone, I've been a bit absent lately

[vella85]

Faucet is working again.
To compensate for the downtime it now pays out 500 1337 per hour
http://crypto4free.ml/index.php/1337-faucet/

Thanks for updating us on the faucet and I just made a claim and received 500 1337 coins Hopefully the attackers leave your faucet alone because it's one of the best Altcoin faucets online.

[TeamDisaster]

- more to promote this coin! (maybe in INDIE games world at first)

There is certainly a lot of untapped potential here.  I only became interested in cryptos at all because the dev of Hyper contacted me with an offer to sponsor one of my games.  Later on the same dev and I reached an agreement for sponsorship of another game with GoldPieces (Hyper's sister crypto).  Sadly the dev has been gone for many months and both of those coins are struggling to make any serious headway as a result.

One thing that would certainly be good would be an online game that used 1337 as in-game currency.  I have already asked the dev of Dragon Knights of Valeria to consider adding 1337 to that game's supported coins but it's not going to happen atm.

An idea... maybe a hybrid of the existing ideas? - when stake2play is back online, perhaps a portion of the coins received there could be burned to reduce inflation and possibly raise value?  (Though admittedly I am struggling to see how those running that service would benefit from doing it this way.)

Probably not a great idea but perhaps someone with a better knowledge of cryptos than I have could develop it into a more feasible concept?

[bredsaal]

sorry guys i needed a lil break. thanks for the suggestions. as someone mentioned before, people stake coins because they expect a return. imho 1-2% /year simply isnt enough incentive for users to keep coins in their wallet and stake them and most coins will end up on the exchanges. even with a high apr of 334.25% there are lots of coins blocking any rise in price atm... killing the coin in the process.

Hi dev.. As I see it, a smaller percentage return is a good incentive to keep coins in the wallet.. If I can invest $100 in a coin and get $10 in return in a year, I'll probably keep my coins in my wallet.. If I can get $234.25 in return, I will try to unload those extra coins, either through an exchange or through stake2play - either way, a higher APR will result in more selling pressure, which will keep price down.

I think an APR of 10% is a good middle ground, if you invest $100 you can buy a couple of games a year, so maybe 13.37% to keep in line with the coins name.. :-)

also, stake2play project is based on the idea that people can buy things with their stakes. so lets say someone invests $100 in the new version... how long would it take till he could afford a $5 game if the apr is 1.337% per year?

3.67 years (https://www.google.com/#q=ln(105%2F100)+%2F+ln(1.00+%2B+0.01337)

as for the swap ratio of 1000:1, that was my first thought too but it seemed a bit too radical to me at the time. but i have to agree that 10M coins are probably easier to manage than 100M coins.

Yes, a 1000:1 swap is somewhat radical, but it could help both the old and the new coin to prosper I think..

[VooDooBarbie]

Keep name. New logo. Lower APR to 13.37%.

[BTC-BTC-BTC]

Keep name. New logo. Lower APR to 13.37%.

13.37% is too low for APR maybe in the 50% range that makes more sense for people to keep and stake it.

[00HasH]

Faucet is working again.
To compensate for the downtime it now pays out 500 1337 per hour
http://crypto4free.ml/index.php/1337-faucet/

Thanks for updating us on the faucet and I just made a claim and received 500 1337 coins Hopefully the attackers leave your faucet alone because it's one of the best Altcoin faucets online.

Appreciate it!
I'm working on a brand new design, so it wont disappear for a good while (never!)


And for the gamblers, I raised the max bets on the blackjack and the slots.
Max bet for blackjack is now up to 100K 1337 per bet and the slots up to 40K 1337.
Wich means slots jackpot is now 12mill 1337

Enjoy

[killerjoegreece]

Keep name. New logo. Lower APR to 13.37%.

I would add to this a 1000:1 swap and we are good to go.

[VooDooBarbie]

1000:1 with only 13.37% APR would make it rare and difficult to earn - which could also leave many of the smaller holders with dust vs what they had. Maybe a 100:1 + 13.37% APR might do okay.

Let's base this on the #100 1337 holder.

Current Balance Estimate: 19,000,000.00 (Level: Casual Gamer/Lower Investor)

Swap 1000:1 = 19,000
APR 13.37% = .04% Daily
24 Hr Stake = 7.6
Minimum Price: 1000 Sats
BTC -> USD: $605.00
Daily: 7600
Weekly: 5,320 Sats ($0.032)
Monthly: 22,800 Sats ($0.138)
To Purchase A Game: 3+ years (Pretty much an insult...)

Swap 1000:1 = 19,000
APR 133.7% = .40% Daily
24 Hr Stake = 76
Minimum Price: 1000 Sats
BTC -> USD: $605.00
Daily: 76,000
Weekly: 53,200 Sats ($0.32)
Monthly: 228,000 Sats ($1.38)
To Purchase A Game: 3+ Months (Indie Game) 2+ Years (Premium Game)

vs

Swap 100:1 = 190,000
APR 13.37% = .04% Daily
24 Hr Stake = 76
Minimum Price: 100 Sats Required price to break even (for those that sell instantly after swap)
BTC -> USD: $605.00
Daily: 7,600 ($0.046)  
Weekly: 53,200 Sats ($0.32)
Monthly: 228,000 Sats ($1.38) <--- A lot of patience.
To Purchase A Game: 3+ Months (Indie Game) 2 - 3 Years (Premium Game)

Swap 100:1 = 190,000
APR 133.7% = .40% Daily
24 Hr Stake = 760
Minimum Price: 100 Sats <--- Required price to break even.
BTC -> USD: $605.00
Daily: 76,000 ($0.46)
Weekly: 532,000 Sats ($3.20)
Monthly: 2,280,000 Sats ($13.80)
To Purchase A Game: 2+ Weeks (Indie Game) 2 Months (Premium)

-----------------------------------------------------------------------------------------------------

Let's base this on the #10 holder now. (Level: Hardcore Gamer/Top Investor)

Current Balance Estimate: 136,000,000.00

Swap 1000:1 = 136,000
APR 13.37% = .04% Daily <--- Too low of a % unless the markcap rises
24 Hr Stake = 54.4
Minimum Price: 1000 Sats <--- Required price to break even (for those not staking or sold after swap)
BTC -> USD: 605
Daily: 54,400 Sats ($0.33) <--- Hold
Weekly: 380,800 Sats ($2.30) <--- Hold or Trade
Monthly: 1,632,000 Sats ($9.87) <--- VPN/VPS Services
To Purchase A Game: 2+ Weeks (Indie Game) 2+ Months (Premium Game)

Swap 1000:1 = 136,000
APR 133.7% = .40% Daily <--- May not be sustainable
24 Hr Stake = 544
Minimum Price: 1000 Sats <--- Required price to break even (for those not staking or sold after swap)
Daily: 544,000 Sats ($3.30) <--- May temp sell orders
Weekly: 3,808,000 Sats ($23.00) <--- Gift cards and such
Monthly: 16,320,000 Sats ($98.70) <--- Premium games, gift cards, vpn/vps and etc
To Purchase A Game: 2+ days <--- May not be enough games released vs supply (would just encourage short-term unless there are enough products/services)

vs

Swap 100:1 = 1,360,000
APR 13.37% = .04% Daily
24 Hr Stake = 544
Minimum Price: 100 Sats <--- Required price to break even.
BTC -> USD: 605
Daily: 54,400 Sats ($0.33)
Weekly: 380,800 Sats ($2.30) <--- Hold or Trade.
Monthly: 1,632,000 Sats ($9.87) <--- VPN/VPS services.
To Purchase A Game: 2+ Weeks (Indie Games) 2+ Months (Premium Games)

Swap 100:1 = 1,360,000
APR 133.7% = .40% Daily <--- Too high of a %
24 Hr Stake = 5440
Minimum Price: 100 Sats
Daily: 544,000 Sats ($3.30) <--- Snackage? Lol.
Weekly: 3,808,000 Sats ($23.00) <--- Gift card and such
Monthly: 16,320,000 Sats ($98.70) <--- Premium games, gift cards, vpn/vps and etc
To Purchase A Game: 2+ Days <--- May not be enough games released vs supply (would just encourage short-term unless there are enough products/services)

#1 - 10 Holders: I'd consider these as Hardcore Gamers and/or classified as 1337 Whales (By spending $100.00+ buying games/features per month, or by simply being one of the top investors).

-----------------------------------------------------------------------------------

Stake2Play could also maybe show total payments processed... and burn 10%.

-----------------------------------------------------------------------------------

#1 Holder

Current Balance Estimate: 2,500,000,000

Swap 100:1 = 25000000
APR 13.37% = .04% Daily
24 Hr Stake = 10,000
Minimum Price: 100 Sats <---Required price to break even (for those not staking or sold after swap)
Daily: 1,000,000 Sats ($6.50) <--- Holding
Weekly: 7,000,000 Sats ($42.35) <--- Premium games, gift cards, vpn/vps and etc
Monthly: 30,000,000 Sats ($181.50) <--- Premium games, gift cards, vpn/vps and etc
To Purchase A Game: 24 Hours

Swap 100:1 = 25000000
APR 133.7% = .40% Daily
24 Hr Stake = 100,000
Minimum Price: 100 Sats <---Required price to break even (for those not staking or sold after swap)
Daily: 10,000,000 Sats ($60.50) <--- Holding
Weekly: 70,000,000 Sats ($423.50) <--- Premium games, gift cards, vpn/vps and etc
Monthly: 300,000,000 Sats ($1,815.00) <--- Premium games, gift cards, vpn/vps and etc
To Purchase A Game: 2+ Hours

----------------------------------------------------------------------------------------------

Swap Ratio: 1000
-Supply: 10,000,000
-Min Price: 1000 Sats
-Mark Cap: 60k+ (Wishful: 600k @ 10,000 sats)
-APR: 13.37%
-Daily %: .04
-24 Hr Stake: 4,000
-Annual Stake: 1,460,000 (depending on active users)
-Supply + 10 years Est. Pos: 24.6 Mill

vs

Swap Ratio: 100
-Supply: 100,000,000
-Min Price: 100 Sats  
-Mark Cap: 60k+ (600k @ 1000 sats) <--- Potential value
-APR: 13.37%
-Daily %: .04
-24 Hr Stake: 40,000
-Annual: 14,600,000+ (depending on active users)
-Supply + 10 years Est. Pos: 246 Mill

[axllht]

I bought 1 000 000 1337 for 1 sat btc,
after swap 1000:1 I will have 1 000 1337 for 1000 sat
after year I will have 2 000 1337 for 1 sat btc

I'm in crypto too long to believe in fairytales

[vella85]

There seems to be an issue with the faucet at CRYPTO4FREE.ML, I've been trying all day today to make a claim and I keep getting this message "Cannot seem to connect at the moment, please come back later!" I hope it's not under attack again.

[Velvet78]

I bought 1 000 000 1337 for 1 sat btc,
after swap 1000:1 I will have 1 000 1337 for 1000 sat
after year I will have 2 000 1337 for 1 sat btc

I'm in crypto too long to believe in fairytales

you shouldnt believe in horror stories either, im not the boogeyman

i see your point tho but i think VoodooBarbie just posted that to give people an indication. its not very accurate but serves its purpose imo.

btw, its very unlikely that any coin with a total supply of 10-11M would ever hit 1 sat. however, i dont think we would be able to keep the price at 100 or 1000 sats. dumps are to be expected because people simply want to sell their stakes or even just want to get out.

[axllht]

I bought 1 000 000 1337 for 1 sat btc,
after swap 1000:1 I will have 1 000 1337 for 1000 sat
after year I will have 2 000 1337 for 1 sat btc

I'm in crypto too long to believe in fairytales

you shouldnt believe in horror stories either, im not the boogeyman

i see your point tho but i think VoodooBarbie just posted that to give people an indication. its not very accurate but serves its purpose imo.

btw, its very unlikely that any coin with a total supply of 10-11M would ever hit 1 sat. however, i dont think we would be able to keep the price at 100 or 1000 sats. dumps are to be expected because people simply want to sell their stakes or even just want to get out.

hehehehehe its not horror story its horror reality in crypto
POS 1337% made 1 sat, POS 300% made 1 sat, so POS 150% will make it too
people are not stupid, noone will wait for miracle.

how will you blocking dumpers? buy wall 1000 sat forever?