[SPK] Quintessence Neighborhood - Project canceled, reimbursement underway

[VonSpass]

Introducing the Quintessence System, the upcoming decentralized online network of currencies. With a new approach on tokens, this network will function with Spark Token, a multi blockchain token that will simplify and improve the current 2.0 tokens by bringing to the world a system that includes today's important features. All in one single token. Sidechain, Smart Contracts: with Quintessence, it's your choice how you develop your project, now as a developer you will have the option to take the path that suits you best.

We are now in the programming phase of the Spark Token, which we expect will take from 6 to 9 weeks until the first wallet is released and the new blockchain propagated across all new nodes being added daily.

We have created a website which informs you better about this project, and where you can see the latest info:
http://cryptotokensico.com/

More importantly, here is a link towards: our Quintessence Project White Paper

A new token, Spark, will be created to make the Quintessence System turn. One difference with other crowdfunded coins is that the devs don't get any Sparks for free, we have to buy them with CBX just like everybody else. There will be 150 million Sparks (SPK) at launch, with 112.5 million SPK distributed to ICO investors and 37.5 million SPK kept for development and a future ICO. In the first 4 years, which will be the inflationary development phase, the staking yearly reward will be based on a yearly decreasing rate, or 10%, 7%, 4% and 3% thereafter. Keep in mind that with PoSP, your actual gains are usually much higher than the inflation rate. After this however, the money offer will grow at a sustainable 3% for the rest of this token's existence.

The crowdfunding is now closed; the earliest contributors will earn the most Spark tokens once the blockchain is ready. The basis for your CBX contributions is 1 CBX gets around 600 Sparks, once the blockchain is ready. The Spark wallet is being programmed as we speak and we evaluate that we will need 6 to 9 weeks from the end of ICO which was October 10th.

The Crypto Bullion coin, a veteran in the altcoin scene, not only will be useful as the ticket to this crowdfunding ICO, it will also be part of the Quintessence network as the investment counterpart. While Spark (SPK) will be the workhorse, Crypto Bullion was designed as the investor's coin. CBX has a small money supply: there are only 1 million Crypto Bullions in circulation, with a low inflation of 2%. This 2% is awarded to people who are securing the CBX network through CBX's PoSP algorithm, which translates to much higher gains for stakers.

We think that this crowdfunding that requires many CBX could have a positive effect on the value of CBX while it is taking place, and after; this is part of the plan, as we want to build value for the Quintessence System. Depending on how CBX's value evolves, it is possible we could accept as many as 250 000 CBX or more in this program, so we gather the resources necessary to make this project happen.

Here are the places where you can get more information about CBX, and install your personal Vault to your computer:
Bitcointalk CBX thread
Main website is CryptoBullion.io
You can buy CBX to participate to this crowdfunding at:
Cryptopia and Yobit.


Quintessence Russian thread - Spanish Quintessence thread - Quintessence German thread - Indonesian Bahasa thread - Quintessence Dutch thread - Quintessence Italian thread - Hindi Thread for Quintessence - Quintessence Portuguese Thread - Tagalog Thread - Quintessence Malayalam thread

Thank you for reading this information OP; we will post more information regarding this exciting project on a regular basis.
Please feel free to post any questions you might have regarding Quintessence on this thread!

The Quintessence crowdfunding effort is featured in: https://www.ico-list.com/
Earn some easy CBX for posting around in Bitcointalk! Quintessence Signature Campaign

The Quintessence Crowdfunding is now closed. towards 250 000 CBX we received 186825 CBX contributed (updated Oct 11th, 2016).
http://cryptotokensico.com/

[1714151080]

1714151080

[Noojna]

Interesting little project... I will stay informed

 

[Lutzow]

This is a great project. PoSP in itself is a remarkable feature and we in Pesobit (PSB) just recently shifted to PoSP as well. PoSP encourages more nodes to be connected as it rewards the wallets that are online more which in turn create a more stable network. PoSP for Crypto 2.0 is a good combination.

[operabit]

ICO again? yeah very nice

[OpenTalkLab]

ICO again? yeah very nice

There are so many ICO Scam But the team of crypto Bullion is very trusted.They're working hard about their project from past couple of years also CBX community is with them.

Good luck !

[Golftech]

ICO again? yeah very nice

There are so many ICO Scam But the team of crypto Bullion is very trusted.They're working hard about their project from past couple of years also CBX community is with them.

Good luck !

yes this groups already exist for 3 years without any scam accusation so it is very good to support them again and for sure they will deliver and make some rise up to their project, time to move forward cbx family. good luck.

[doktor1897]

ico is this again ? I waited for bounty

[operabit]

ICO again? yeah very nice

There are so many ICO Scam But the team of crypto Bullion is very trusted.They're working hard about their project from past couple of years also CBX community is with them.

Good luck !

Yes I would argue with you, this is something that promises!

[operabit]

ICO again? yeah very nice

There are so many ICO Scam But the team of crypto Bullion is very trusted.They're working hard about their project from past couple of years also CBX community is with them.

Good luck !

yes this groups already exist for 3 years without any scam accusation so it is very good to support them again and for sure they will deliver and make some rise up to their project, time to move forward cbx family. good luck.

And now CBX, I hope this will all bring goodness.

[Foref1982]

I'm marking this thread so that I'll remember to return later. Although I understand alot of ICO projects are scam, alot of honest projects use ICO. Quintessence System seems to be pretty from the description. I like that you're including PoSP in features.

[shadabahmed]

is there any bounty?
if yes than i will translate hindi (INDIAN) language,
and i am hoping ur project go long

[VonSpass]

ico is this again ? I waited for bounty

The signature campaign, paid in CBX, will be announced tomorrow.

Welcome aboard, everyone!

[VonSpass]

is there any bounty?
if yes than i will translate hindi (INDIAN) language,
and i am hoping ur project go long

Can you PM me about it - yes there will be bounties for language threads.

[fitraok09]

is there any bounty?
if yes than i will translate hindi (INDIAN) language,
and i am hoping ur project go long

Can you PM me about it - yes there will be bounties for language threads.

Indonesian Translate will be ready verysoon. check PM sir

[sayyedraza]

Great great CBX !!
any bounties for twitter
Hope to see bounties in twitter too

Thanks

[davide72]

hi dev sent you pm for translating your thread!thanks

[Digitalbitcoin]

Here is link of Indian translation https://bitcointalk.org/index.php?topic=1600340 Kindly update OP.

Also will glad to know more about Bounties.

[killerjoegreece]

Nice work. Will you setup translation bounties dev?

[Godson_Mansa]

POW or GTFO. 

[taurados]

i read the white paper.
i think quintessence is a nice thing.

good luck will follow this thread.