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theduuude
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November 05, 2019, 03:07:15 AM |
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When is the deadline to burn the QORA coins?
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theduuude
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November 05, 2019, 03:43:56 AM |
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I guess it doesn't matter because forging for new blocks is over.
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urhgaclax
Newbie
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Activity: 15
Merit: 0
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November 05, 2019, 07:44:41 AM |
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If we have Qora on more than one address, should we make a separate transaction for each address or first move them all to one address and then make only a single transaction to the genesis address?
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honghaisea
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November 05, 2019, 11:20:03 AM |
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As far as I understand, are we just sending it to the address below? So how will the post QORT come to us. is anybody burn your qora? thanks
Check the address: http://qora.vip/index/blockexplorer.html?q=QfGMeDQQUQePMpAmfLBJzgqyrM35RWxHGDPeople are already burning. The new client will have a function which checks which addresses from the old chain have sent their QORA to the QORA genesis block, and calculate its weight on the new network based upon the number of QORA burned. You will receive a QORA asset on the QORT chain after burning, but it is not actually directly usable, but it's there to determine your weight / your share from the block rewards. Hope this helps!  So QORT how will reach us? The QORT you will receive over time is determined by your weight, on a 1:250 ratio. So, if you had 250.000.000 QORA, burn them by sending them to the QORA genesis block and receive 250.000.000 QORA asset on the new QORT chain, this will entitle you to your proportional share of the block rewards, meaning you will receive QORT until you have a total of 1.000.000 (because of the 1:250 ratio) QORT in your wallet. This process will take quite some time. The network starts from 0 and block reward is, iirc, 5 QORT per block, which is shared between all users who get a share of each block. where can trade QORT now? or any plan to list QORT on exchange? i did not find QORT an any exchange now |
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Beoga
Legendary
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Activity: 2646
Merit: 1141
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November 05, 2019, 02:49:07 PM |
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where can trade QORT now? or any plan to list QORT on exchange? i did not find QORT an any exchange now
You can not to trade QORT right now because qort blockchain is not started yet. We are hope that QORT will start 1 desember. |
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allyouracid
Legendary
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Activity: 2328
Merit: 1292
Encrypted Money, Baby!
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November 05, 2019, 09:10:34 PM |
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Exactly, QORT isn't live, yet. All you can possibly do is buy QORA OTC to increase your weight on the new QORT chain, so you get more from the block rewards.
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meyer
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November 06, 2019, 03:21:03 PM |
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If we have Qora on more than one address, should we make a separate transaction for each address or first move them all to one address and then make only a single transaction to the genesis address?
good question... I also would like to understand thx |
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Rua
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Activity: 31
Merit: 0
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November 06, 2019, 04:52:49 PM |
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As far as I understand, are we just sending it to the address below? So how will the post QORT come to us. is anybody burn your qora? thanks
Check the address: http://qora.vip/index/blockexplorer.html?q=QfGMeDQQUQePMpAmfLBJzgqyrM35RWxHGDPeople are already burning. The new client will have a function which checks which addresses from the old chain have sent their QORA to the QORA genesis block, and calculate its weight on the new network based upon the number of QORA burned. You will receive a QORA asset on the QORT chain after burning, but it is not actually directly usable, but it's there to determine your weight / your share from the block rewards. Hope this helps! So QORT how will reach us? The QORT you will receive over time is determined by your weight, on a 1:250 ratio. So, if you had 250.000.000 QORA, burn them by sending them to the QORA genesis block and receive 250.000.000 QORA asset on the new QORT chain, this will entitle you to your proportional share of the block rewards, meaning you will receive QORT until you have a total of 1.000.000 (because of the 1:250 ratio) QORT in your wallet. This process will take quite some time. The network starts from 0 and block reward is, iirc, 5 QORT per block, which is shared between all users who get a share of each block. So QORT will come to our QORA wallet? Did I get right ? |
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Beoga
Legendary
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Activity: 2646
Merit: 1141
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November 06, 2019, 09:00:58 PM |
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So QORT will come to our QORA wallet?
Did I get right ?
No you did not. There will be QORT wallet but it will be possible to use private key from your QORA account to get access to your QORT coins. |
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allyouracid
Legendary
Offline
Activity: 2328
Merit: 1292
Encrypted Money, Baby!
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November 06, 2019, 10:25:56 PM |
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So QORT will come to our QORA wallet?
Did I get right ?
No you did not. There will be QORT wallet but it will be possible to use private key from your QORA account to get access to your QORT coins. …after you've burned your QORA by sending them to the QORA genesis block, that is.  |
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meyer
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November 07, 2019, 02:57:09 PM |
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So QORT will come to our QORA wallet?
Did I get right ?
No you did not. There will be QORT wallet but it will be possible to use private key from your QORA account to get access to your QORT coins. - you mean the seed? the one with 44 alphanumeric digits - the seed would cover all adresses in the wallet. or do I need the priv key of each address? thx a lot |
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Beoga
Legendary
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Activity: 2646
Merit: 1141
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November 07, 2019, 11:54:22 PM |
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So QORT will come to our QORA wallet?
Did I get right ?
No you did not. There will be QORT wallet but it will be possible to use private key from your QORA account to get access to your QORT coins. - you mean the seed? the one with 44 alphanumeric digits Yes, I mean this one - the seed would cover all adresses in the wallet. or do I need the priv key of each address?
thx a lot
I don't know how it will work in QORT wallet, but in QORA you can restore all you adresses by one seed. |
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bigrcanada1
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November 08, 2019, 03:22:17 AM |
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Ok...so I'm trying to grasp this. I have my qora, I send it the address Crowtec has listed, then how or where is the record of account and what do I get back for sending the Qora to the Qortl wallet address? Is there a simple step by step process of exactly how this is supposed to work. Sorry...but I'm a bit nervous of just sending my Qora to a wallet address I don't know...and I'm not clear of the EXACT steps this is going to happen.
Thanks for any help!
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CryptoNick
Legendary
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Activity: 987
Merit: 1003
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November 08, 2019, 07:28:21 AM |
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Ok...so I'm trying to grasp this. I have my qora, I send it the address Crowtec has listed, then how or where is the record of account and what do I get back for sending the Qora to the Qortl wallet address? Is there a simple step by step process of exactly how this is supposed to work. Sorry...but I'm a bit nervous of just sending my Qora to a wallet address I don't know...and I'm not clear of the EXACT steps this is going to happen.
Thanks for any help!
The burn address in Qora will become part of the Genesis block of Qortal. That will represent an unsendable token of Qora in the Qortal chain, which translates to Qort in the Qortal chain. Each new block of Qort you get a share until you are topped up at 250:1. This will take a while, like a savings account. This is all done on the New Chain so burning the coins on the Old Qora chain is necessary to get on the new Qortal chain. Totally decentralized as all agree they leave the old Qora chain, so it is NOT like BTC Cash where both wallet coin totals exist and give dividends, had there been a live exchange and a way to get them out of old Qora that is. |
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meyer
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November 08, 2019, 08:33:36 AM |
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So QORT will come to our QORA wallet?
Did I get right ?
No you did not. There will be QORT wallet but it will be possible to use private key from your QORA account to get access to your QORT coins. - you mean the seed? the one with 44 alphanumeric digits Yes, I mean this one - the seed would cover all adresses in the wallet. or do I need the priv key of each address?
thx a lot
I don't know how it will work in QORT wallet, but in QORA you can restore all you adresses by one seed. thx for this information so I just need somebody to confirm that the seed will be "the thing" I will need at the new Qort wallet again thx .... any help is appreciated :-) |
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Nightlife
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Activity: 3
Merit: 0
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November 08, 2019, 10:06:04 PM |
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Selling qora. Price negotiable. Pm me.
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tyz
Legendary
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Activity: 3360
Merit: 1533
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November 09, 2019, 01:09:44 PM |
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There seems to be some confusion about the Qora transition. Perhaps it is better to release a step-by-step beginner-friendly tutorial on the Qora wiki page.
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Ive Gone Parabolic
Member
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Activity: 180
Merit: 20
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November 09, 2019, 01:55:37 PM |
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The burn rate is 250 to 1 is this correct? The migration to new qortal chain makes no sense. Whats there to achieve by burning ur tokens just for the sake of getting the new ones? Who cares if it is quro or qortal or whatever u want it to be? Despite some may want to leap on to the new chain value may not follow. The old chain will be left and the valuation will also be left there.
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lemonandfriesonetwo
Member
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Activity: 670
Merit: 11
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November 09, 2019, 03:28:44 PM Merited by allyouracid (1) |
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The burn rate is 250 to 1 is this correct? The migration to new qortal chain makes no sense. Whats there to achieve by burning ur tokens just for the sake of getting the new ones? Who cares if it is quro or qortal or whatever u want it to be? Despite some may want to leap on to the new chain value may not follow. The old chain will be left and the valuation will also be left there.
Qora is almost 0 now and was 0 the past few years. Here you have a group trying to restart the project under their guidance, give it a chance. You can't lose much at this point, maybe gain a lot. |
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Rua
Newbie
Offline
Activity: 31
Merit: 0
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November 09, 2019, 07:06:23 PM |
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So QORT will come to our QORA wallet?
Did I get right ?
No you did not. There will be QORT wallet but it will be possible to use private key from your QORA account to get access to your QORT coins. as clear as I understand there is no road map. I do not understand how and where qort will come. As it is said, do we waiting the qort wallet? l hope it would be nice |
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