[ANN] Francs FRN - www.francs.paris

[wurstgelee]

We're hearing what you guys say. We're day 2 and the premine is necessarily huge in comparison of the coins that have been mined. Though it would make absolutely no sense for the devs to sell anytime soon.

We're ready to escrow 50% of the premine up to next year. But if the process requires all trusted parties to confirm the sending of the funds then there's still a risk that one person will pull out and halt the process. Therefore I'm afraid we can not trust any person on this forum. We have to look at other possibilities.

The quick, easy & dirty way:

- divide premine into equal parts and deposit  into for example 10 different addresses known to the public (chunking could be different)
- timelock those coins at these addresses in the code, release coins over time/at given timestamps. (release plan could be different), release updated code/wallets
- wait for the majority to update therefore effectively locking those premined coins
- hit exchange

Yay!

[1714260988]

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[1714260988]

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[BigCat45]

We're hearing what you guys say. We're day 2 and the premine is necessarily huge in comparison of the coins that have been mined. Though it would make absolutely no sense for the devs to sell anytime soon.

We're ready to escrow 50% of the premine up to next year. But if the process requires all trusted parties to confirm the sending of the funds then there's still a risk that one person will pull out and halt the process. Therefore I'm afraid we can not trust any person on this forum. We have to look at other possibilities.

You only need one person out of all these premined addresses to permanently kill the coin. So far, you only increasing my suspicion. I'm pulling my miners out as well.

[LawBC]

We're on day 2 and as mining increase our parts decreases over time.
Probably 50% of the premine will be escrowed. No one among us will stupidly headshot this project by mass selling in the first weeks.

Now we'll find a way to escrow and just continue to work steadily like we've done over the past months.
If any doubt, you're welcome to come back in a few months.

[LawBC]

The quick, easy & dirty way:

- divide premine into equal parts and deposit  into for example 10 different addresses known to the public (chunking could be different)
- timelock those coins at these addresses in the code, release coins over time/at given timestamps. (release plan could be different), release updated code/wallets
- wait for the majority to update therefore effectively locking those premined coins
- hit exchange

Yay!

Something like that could be feasible indeed.

[wildduck]

Ok dev so instamine is safe for now, when will FRN out on exchanges?

[Thomas-TM]

It was to be yesterday 

[MikroTik]

Yes i thought i read yobit exchange for yesterday but still nothing.

[jambo110]

Its just fudge

FRN
« Sent to: jambo110 on: Today at 01:52:21 AM »
Reply with quoteQuote  ReplyReply  Remove this messageDelete 
I've deleted your last messages. Please relax. If you mined some FRN be confident, no one will massively dump once we're listed on exchanges. There's no reason to fight there.

Everyone knows about the premine and will decide on their own.
Thanks.

[wildduck]

Well that is not good, yo dev how are we standing with the exchange?

[wurstgelee]

Well that is not good, yo dev how are we standing with the exchange?

Securing (timelocking(?)) premined coins should come first.

[LawBC]

Jambon you know nothing and you're annoying. We'll find a compromise this week-end about the premine.

Regarding the exchange we've paid in order to list the coin. It should have been listed already.
I wrote them but no answer so far. Could this be related ?

[jambo110]

Jambon you know nothing and you're annoying. We'll find a compromise this week-end about the premine.

Regarding the exchange we've paid in order to list the coin. It should have been listed already.
I wrote them but no answer so far. Could this be related ?

oi oi dont need to get nasty, i had been mining this coin, which makes me an investor, nice to call investors annoying and tell them they know nothing !!

stop fudging it over, and deleting posts, we all know what happens next. (more bullshit from an arrogant/greedy lying dev.)

[LawBC]

Jambon you know nothing and you're annoying. We'll find a compromise this week-end about the premine.

oi oi dont need to get nasty, i had been mining this coin, which makes me an investor, nice to call investors annoying and tell them they know nothing !! stop fudging it over, and deleting posts, we all know what happens next. (more bullshit from an arrogant/greedy lying dev.)

I'm not being arrogant but you sure are being childish. Would you please stop adding fuel to the fire. If you don't make any effort I'll have no choice than to moderate again.

Let's keep a decent thread with decent conversation.

[LawBC]

Not a single μFRN will move. Premine addresses are public. If anything moves at this early stage everybody will be able to see it. That's not going to happen.
Now just let us work, continue our journey, and relax.

[Slugmonkey]

Sorry had some personal issues here at home but pool is up and running

http://frn.slugmonkeypool.net

[Hyperjacked]

Is it on any exchanges?

[LawBC]

It looks like community tells you something and you are closing your ears right away.

I've heard, please be patient.

It's not FUD, people pissed off they lost money without even exchange listing it.

The FUDer contacted Yobit telling them not to add the coin. I've been dealing with that mad kid in PM for quite some time. He's mad and needs to bitch against me and the project. He's making it a purely personal affair.

Anyway we'll come up with a solution tonight. But it won't be integrated before this week-end.

[LawBC]

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 until April 25th. For 3 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 at FRN 1st anniversary.

I hold 20.000 FRN, this amount 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 until April.

Now we'll check the most secure way to implement this.

[Digital_Currency_LTD]

What is going on here guys?! 

[shapetwist]

The FUDer contacted Yobit telling them not to add the coin. I've been dealing with that mad kid in MP for quite some time. He's mad and needs to bitch against me and the project. He's making it a purely personal affair.

Anyway we'll come up with a solution tonight. But it won't be integrated before this week-end.

Why do you need an exchange add right now if there is no fair distribution?
Besides yours, there are a few coins out there. What's your interest making a market out of that? A market can't be made just because.

Getting added by an exchange doesn't mean the launch is successful, actually in this specific case it raises a lot of questions.

I didn't mine, but I followed with interest. At this point I feel it's a quite unfair direction you are taking, so I won't be buying coins off a freshly listed exchange..