[ANN] Terracoin (TRC) - Est 2012

[clockuniverse]

September 14th Terracoin Update - Whaling/China

It is time to start whaling, and ignoring China.

As we get closer to the hard fork date (September 29th) many people wonder why the price hasn't risen though more and more people have been buying Terracoin for a masternode.

The reason behind this is that there is a very large holder of TRC on Cryptopia who will generally sell to buy orders at .00003001 btc, if the total amount of the sale is enough (meaning he ignores little numbers).  He started with around 1,900,000 TRC and over the past couple of months we have whittled him down to ≈750,000.

We believe that he is one of the people who picked up a whole slew of different coins from the Cryptsy lawsuit.

What does this mean to you?  It means we have 150 inexpensive masternodes for sale!  Once those are gone the price will probably rise, so get them while they are cheap!

You could probably also make some money off of arbitage, which would also help spread the inexpensive masternodes around!

I guess I have to write about China.

The recent news from China has caused a massive drop in the price of Bitcoin, though Terracoin has remained pretty much uneffected.*

All this has done is prioritize The Terracoin Foundation's goal of getting on a decentralized exchange (or creating our own in the far future.)  With a decentralized exchange no country can arbitrarily mess with a cryptocoin.

To summarize (tldr), lets take care of this whale, and ignore China.

Thanks again to our community!  Everyone is awesome, and if you want to join our community check out some of the links below.  I try to be as available as possible.

Terracoin is dedicated to helping the world while becoming a replacement for fiat currencies.

Numbers

30 days ago we were at 0.00001886 BTC (.0823 USD) and today we are at 0.00003027 BTC (.1014 USD).

A year ago we were at 0.00000503 BTC (.0030 USD).

We are ranked 312 on coinmarketcap with a market cap of $2,157,630 USD. Last week our market cap was $3,139,664 USD.

Source: http://coinmarketcap.com/currencies/terracoin/#charts

Donation Addresses

Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc

Terracoin Donations for the World Address

1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL

Public Discord Invite

https://discord.gg/r3QVQRN

Public Slack Invite

https://join.slack.com/t/terracoin/shared_invite/MjI4NDQ2ODM0MDIxLTE1MDMwMTgwNzMtYmMzZmExZDIxNg

Public Telegram Invite

https://t.me/terracoin

Newsletter Subscription

http://eepurl.com/cYRTwn

Youtube

https://www.youtube.com/channel/UCVt88faiKRWbMqaH_i6gXPA

*If the BTC/USD price falls then the USD price of TRC also falls (along with all other coins), but if you look at BTC/TRC is show that the value of BTC/TRC hasn't really changed.  What this means is that people who hold TRC are not panic selling TRC to cash out BTC.

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[Scooter32]

they have an estimate of how many coins a master's day earned ?

[clockuniverse]

they have an estimate of how many coins a master's day earned ?

I was attempting to copy and paste a chart into here, but it won't let me without jacking up the data.  So anyways, to figure out how much TRC is generated per day per masternode you take 3240 TRC and divide it by the number of masternodes there are.  We don't know how many there will be, but my guess is between 300-500 right off the bat.

3240 / 300 = 10.8 TRC a day

3240 / 500 = 6.48 TRC a day

Hope that helps!

[alex_under]

they have an estimate of how many coins a master's day earned ?

I was attempting to copy and paste a chart into here, but it won't let me without jacking up the data.  So anyways, to figure out how much TRC is generated per day per masternode you take 3240 TRC and divide it by the number of masternodes there are.  We don't know how many there will be, but my guess is between 300-500 right off the bat.

3240 / 300 = 10.8 TRC a day

3240 / 500 = 6.48 TRC a day

Hope that helps!

The first option carries a yield of 78+ % per annum in the TRC! And it's very cool, given the current extremely favorable price level! But even if we imagine that the nodes will be created using half of the available coins (which is very unlikely, probably impossible) - the yield still falls below 12%, which is also acceptable!

[jaychaps]

Sounds good. I'm looking forward to the masternodes. The decentralized governance will be good too. I'm wondering what kind of things we can do with that.

[clockuniverse]

Sounds good. I'm looking forward to the masternodes. The decentralized governance will be good too. I'm wondering what kind of things we can do with that.

I am looking forward to what kinds of things the community can do with that!  I can't wait to see the awesome ideas that so many of you have mentioned in the past come to life.

[alex_under]

September 14th Terracoin Update - Whaling/China

Numbers[/b]

30 days ago we were at 0.00001886 BTC (.0823 USD) and today we are at 0.00003027 BTC (.1014 USD).

A year ago we were at 0.00000503 BTC (.0030 USD).

We are ranked 312 on coinmarketcap with a market cap of $2,157,630 USD. Last week our market cap was $3,139,664 USD.

Source: http://coinmarketcap.com/currencies/terracoin/#charts

Long noticed this is not a contradiction - I don't know what is the algorithm for coinmarketcap puts us at 312 place, but it has the full list of cryptocurrencies we are now at 184! It looks more objectively as a whole and is much more positive for us!
https://coinmarketcap.com/currencies/views/all/

[elelegzet]

Long noticed this is not a contradiction - I don't know what is the algorithm for coinmarketcap puts us at 312 place, but it has the full list of cryptocurrencies we are now at 184! It looks more objectively as a whole and is much more positive for us!
https://coinmarketcap.com/currencies/views/all/

 They just consider eth tokens and other assets for the main list. So, shittoken bubble market is so huge these days )...

[clockuniverse]

Long noticed this is not a contradiction - I don't know what is the algorithm for coinmarketcap puts us at 312 place, but it has the full list of cryptocurrencies we are now at 184! It looks more objectively as a whole and is much more positive for us!
https://coinmarketcap.com/currencies/views/all/

 They just consider eth tokens and other assets for the main list. So, shittoken bubble market is so huge these days )...

I was a bit confused for a minute, but yeah, there are two lists.  If you click on Terracoin it shows the all all ranking which is around 305.  Like elelegzat says a lot of those "coins" can't be counted.

[stumpper98]

What is the time timeline for the masternode launch ? Sept 29,2017 or after?

Just picked up the rest of my 5,000 TRC coin, I'm ready!!  

[clockuniverse]

What is the time timeline for the masternode launch ? Sept 29,2017 or after?

Just picked up the rest of my 5,000 TRC coin, I'm ready!!  

29th is the date!  The actual block is 1087500.  We will have new wallets out soon.

[Tidsdilatation]

What is the time timeline for the masternode launch ? Sept 29,2017 or after?

Just picked up the rest of my 5,000 TRC coin, I'm ready!!  

29th is the date!  The actual block is 1087500.  We will have new wallets out soon.

Great fucking news. Been waiting for this some time

[clockuniverse]

Slack invite has expired.  Here is the new one: https://join.slack.com/t/terracoin/shared_invite/enQtMjQxNzU5NTY5NTIwLWJkNzIzOThhYzkyNGEyMDBmNjY2OWM2NmNhYzM0YjNmNzdlZWJkYjA3ZDgwYzkwMmMyYmM3OWNkMDQ2ZTIxYzk

[lamalamic]

Hi guys, I am new here, but this is the healthiest coin announcement forum on bitcointalk with the nicest community I have ever seen. Going to join and hope it will be possible to help. You do it great!

[clockuniverse]

Hi guys, I am new here, but this is the healthiest coin announcement forum on bitcointalk with the nicest community I have ever seen. Going to join and hope it will be possible to help. You do it great!

Thanks!  Welcome to the community!

[Alturax]

Hello everyone, I recently stumbled across Terracoin a few ago and after some observation and research picked up a big bunch. The community, the transparency of the foundation, and of course the upcoming features of this coin promise a very good investment. For me definitely a secret tip which should be considered .Im pretty sure we will see massive price jumps after the whale sold out.Stocked some more today and now terra is in my TOP 3.

Looking forward to the masternodes...

Best regards to the Developers and Clockuniverse

[clockuniverse]

Hello everyone, I recently stumbled across Terracoin a few ago and after some observation and research picked up a big bunch. The community, the transparency of the foundation, and of course the upcoming features of this coin promise a very good investment. For me definitely a secret tip which should be considered .Im pretty sure we will see massive price jumps after the whale sold out.Stocked some more today and now terra is in my TOP 3.

Looking forward to the masternodes...

Best regards to the Developers and Clockuniverse

Awesome!  Welcome!

Remember with the whale he will sell to buy orders at .00003001 on Cryptopia.  If you can get it elsewhere cheaper then please do, but I don't recommend buying sell orders above 3001 until the whale is gone.

[TheKingInYellow]

Only about 3 days at the current block rate left until 1087500. I will definitely be waiting eagerly

[clockuniverse]

Only about 3 days at the current block rate left until 1087500. I will definitely be waiting eagerly

My math says 10.54 days.  Someone double check it.  Each block is two minutes.

1,087,500 - 1079911 = 7589 blocks

7589 / 30 (blocks an hour) = 252.966666667 hours

252.966666667 / 24 (hours in a day) = 10.5402777778 days

If so that is around the 30th at 4 am PST.  We may need to move the block forward a little bit so I don't have to stay up all night, and we actually hit the 29th. 

Someone double check that for me.  Thanks!

[TheKingInYellow]

Only about 3 days at the current block rate left until 1087500. I will definitely be waiting eagerly

My math says 10.54 days.  Someone double check it.  Each block is two minutes.

1,087,500 - 1079911 = 7589 blocks

7589 / 30 (blocks an hour) = 252.966666667 hours

252.966666667 / 24 (hours in a day) = 10.5402777778 days

If so that is around the 30th at 4 am PST.  We may need to move the block forward a little bit so I don't have to stay up all night, and we actually hit the 29th. 

Someone double check that for me.  Thanks!

I guess I did my math wrong and thought we were only about 70 hours from the block! either way I'm excited to see how it plays out~