LawBC (OP)
Full Member
Offline
Activity: 221
Merit: 100
www.francs.paris
|
|
January 22, 2016, 08:01:47 PM |
|
Getting added by an exchange doesn't mean the launch is successful, actually in this specific case it raises a lot of questions.
Hey Shapetwist, Actually being listed on coinmarketcap would give much more visibility. Distribution may raises questions. But it seemed obvious for us that we won't commit suicide by mass selling the premine. Even if we wished to do so, there is no actual buy force able to buy 550 000 FRN at any decent price. This simply don't make sense. We built a full project, including a full information website with 200+ articles, got three different trademarks for names and logos. Hours and hours of work. None of the people here seems to realize what quality actually costs. Anyway we got it and we'll find a way to relax things. I'll follow up later.
|
|
|
|
Crypto_Towelie
Full Member
Offline
Activity: 175
Merit: 150
Coin Developer
|
|
January 22, 2016, 08:09:27 PM |
|
|
|
|
|
LawBC (OP)
Full Member
Offline
Activity: 221
Merit: 100
www.francs.paris
|
|
January 22, 2016, 08:33:28 PM |
|
That is not what that line in main.h is about main.h line 59 MAX_MONEY = 11000000 * COIN; What are you talking about ?
|
|
|
|
wurstgelee
|
|
January 22, 2016, 08:36:12 PM |
|
Here's the emission curve untill the next halving.
Date / Created by Month / Total / % of the total.
01/2016 : 622 000 / 622 000 / 5.65% 02/2016 : 208 800 / 830 800 / 7.55% 03/2016 : 223 200 / 1 054 000 / 9.58% 04/2016 : 216 000 / 1 270 000 / 11.55% 05/2016 : 223 200 / 1 493 200 / 13.57% 06/2016 : 216 000 / 1 709 200 / 15.54% 07/2016 : 223 200 / 1 932 400 / 17.57% 08/2016 : 223 200 / 2 155 600 / 19.6% 09/2016 : 216 000 / 2 371 600 / 21.56% 10/2016 : 223 200 / 2 594 800 / 23.59% 11/2016 : 216 000 / 2 810 800 / 25.55% 12/2016 : 223 200 / 3 034 000 / 27.58%
01/2017 : 223 200 / 3 257 200 / 29.61% 02/2017 : 201 600 / 3 458 800 / 31.44% 03/2017 : 223 200 / 3 682 000 / 33.47% 04/2017 : 216 000 / 3 898 000 / 35.44% 05/2017 : 223 200 / 4 121 200 / 37.47% 06/2017 : 216 000 / 4 337 200 / 39.43% 07/2017 : 223 200 / 4 560 400 / 41.46% 08/2017 : 223 200 / 4 783 600 / 43.49% 09/2017 : 216 000 / 4 999 600 / 45.45% 10/2017 : 223 200 / 5 222 800 / 47.48% 11/2017 : 216 000 / 5 438 800 / 49.44% 12/2017 : 223 200 / 5 662 000 / 51.47%
We will suspend 540.000 FRN up to April 25th. In 4 months.
After this, 50% of the premined coins will be released. This will represent approximately 19-20% of the total coin supply. Keep in mind the premine is shared between 4 holders. The resting 50% will be released next year.
I hold 20.000 FRN, and this was dedicated to the Paypal service which I'm in charge. I think I can lower it to 10.000 FRN. That should be enough untill April.
Now we'll check the most secure way to implement this.
To ensure I get what you are saying: - 540k premined FRN (out of 550k premined FRN total), those 540k will be timelocked in the code - 270k of the premined, timelocked coins (50%) will be released on April 25th 2016 (thats in 3 months btw ) - the remaining 270k will be released on January 1st 2017 Did I get that right?
|
|
|
|
shapetwist
|
|
January 22, 2016, 08:41:01 PM |
|
Getting added by an exchange doesn't mean the launch is successful, actually in this specific case it raises a lot of questions.
Hey Shapetwist, Actually being listed on coinmarketcap would give much more visibility. Distribution may raises questions. But it seemed obvious for us that we won't commit suicide by mass selling the premine. Even if we wished to do so, there is no actual buy force able to buy 550 000 FRN at any decent price. This simply don't make sense. We built a full project, including a full information website with 200+ articles, got three different trademarks for names and logos. Hours and hours of work. None of the people here seems to realize what quality actually costs. Anyway we got it and we'll find a way to relax things. I'll follow up later. Well, I know what quality costs. At the current mining cost your quality is over top notch, which is to say: way overvalued. I hope you do the right thing and listen to the community. Good luck.
|
$APX - AstroPepeX - 1st AI developed ETH token
|
|
|
LawBC (OP)
Full Member
Offline
Activity: 221
Merit: 100
www.francs.paris
|
|
January 22, 2016, 08:42:16 PM |
|
@wurstgelee
That's right.
|
|
|
|
psycodad
Legendary
Offline
Activity: 1616
Merit: 1636
精神分析的爸
|
|
January 22, 2016, 08:47:38 PM |
|
That is not what that line in main.h is about main.h line 59 MAX_MONEY = 11000000 * COIN; What are you talking about ? I think you were nicely hinted by Crypto_Towelie that MAX_MONEY is not for limiting the supply.
|
|
|
|
proletariat
Legendary
Offline
Activity: 1246
Merit: 1005
|
|
January 22, 2016, 08:51:44 PM |
|
@wurstgelee
That's right.
Pretty good step then, people should feel a bit more confident to buy/hold/trade and/or follow the coin now. I'll try to grab a few to satisfy my gambling needs .
|
|
|
|
Anoona
|
|
January 22, 2016, 09:21:35 PM |
|
I will translate online wallet and this thread to spanish language soon
|
|
|
|
LawBC (OP)
Full Member
Offline
Activity: 221
Merit: 100
www.francs.paris
|
|
January 22, 2016, 09:24:30 PM Last edit: January 22, 2016, 09:38:06 PM by LawBC |
|
From Dev Max_money is just a sanity check for transactions. The actual total coins is determined by the emission schedule, which is:
261350*20 for the first 2 years. 261350*20 same amount over the next ~122 years or so. Plus the 5% premine
Subsidy halves every 261350 blocks (approx 2 years worth). Distribution looks as follows:
Year 2: 50% of coins mined Year 4: 75% of coins mined Year 6: 87.5% of coins mined
Minus about 20*200 for initial blocks that didn't rewarded anything. All totaled up, it comes in at slightly under 11 000 000.
|
|
|
|
Anoona
|
|
January 22, 2016, 09:29:38 PM |
|
Haters gonna hate, hope this continue!
Talking about translations, how I can translate online wallet?
|
|
|
|
LawBC (OP)
Full Member
Offline
Activity: 221
Merit: 100
www.francs.paris
|
|
January 22, 2016, 09:35:26 PM |
|
hope this continue! Talking about translations, how I can translate online wallet?
Of course this will continue ! What could be translated are mainly the Paypal rules, and the how to use infos (top right icon) http://www.frn.cash/Thanks.
|
|
|
|
Crypto_Towelie
Full Member
Offline
Activity: 175
Merit: 150
Coin Developer
|
|
January 22, 2016, 09:54:35 PM |
|
That is not what that line in main.h is about main.h line 59 MAX_MONEY = 11000000 * COIN; What are you talking about ? I think you were nicely hinted by Crypto_Towelie that MAX_MONEY is not for limiting the supply. Exactly From Dev Max_money is just a sanity check for transactions. The actual total coins is determined by the emission schedule, which is:
261350*20 for the first 2 years. 261350*20 same amount over the next ~122 years or so. Plus the 5% premine
Subsidy halves every 261350 blocks (approx 2 years worth). Distribution looks as follows:
Year 2: 50% of coins mined Year 4: 75% of coins mined Year 6: 87.5% of coins mined
Minus about 20*200 for initial blocks that didn't rewarded anything. All totaled up, it comes in at slightly under 11 000 000.
Thank you. Not sure if you are the developer yourself, but at least this answer proves some sourcecode knowlegde Sorry for the trickyness. Goodluck with the project.
|
|
|
|
Anoona
|
|
January 22, 2016, 11:18:46 PM |
|
Sent you a PM LawBC
Cheers
|
|
|
|
LawBC (OP)
Full Member
Offline
Activity: 221
Merit: 100
www.francs.paris
|
|
January 23, 2016, 06:31:36 AM |
|
We encounter some errors with a few Mac wallet users, issue seems to be related with the machines having a 1st gen Core i3/5/7 processor or an older Core2 processor. Unfortunately these are missing AVX instructions which mean wallets we compile will not work on them.
Due to not having an older machine we currently cannot change. If someone could help please PM me.
|
|
|
|
LawBC (OP)
Full Member
Offline
Activity: 221
Merit: 100
www.francs.paris
|
|
January 23, 2016, 06:54:35 AM Last edit: January 24, 2016, 04:50:24 AM by LawBC |
|
Not sure if you are the developer yourself, but at least this answer proves some sourcecode knowlegde Sorry for the trickyness. Hey ! No I'm not. That's why I couldn't really answer for sure when you pointed this out. I'm actually handling few different things in the project but not sure I'll last long as the community manager. We may find someone better for that job I'll have a busy week-end so I'll follow up later. Thanks.
|
|
|
|
vbstrdg
Newbie
Offline
Activity: 15
Merit: 0
|
|
January 23, 2016, 02:53:43 PM |
|
where is that funky price on top on official website coming from ? 1 = 0,008€▲---24H = -0,4% ▼ ? still no exchange available ?
|
|
|
|
|
Anoona
|
|
January 24, 2016, 12:46:26 AM |
|
What's the price right now?
|
|
|
|
mistercashking
Legendary
Offline
Activity: 1044
Merit: 1050
@MRCASHKING
|
|
January 24, 2016, 01:42:38 AM |
|
I sent some coins to this exchange and they never showed up. Be cautious.
|
|
|
|
|