[FX] Forexcoin | X15 | POW+POS | Yobit | Discussion Thread (Unofficial)

[AltCoinEnthusiast]

FOREXCoin Dev has closed the Original Post ( see https://bitcointalk.org/index.php?topic=1645331.0 )
and the Dev has left FOREX ( below 1 month after the ICO ended on Yobit.net! )

So I made a new ANN! Feel free to discuss and post!

Edit: I am not the Forex "new " Developer. This new ANN is just for discussing/
and possible further development !!!!




PoW Algorithm: X15
PoW + PoS hybrid
Confirmations for blocks to mature: 12
Re-target difficulty each block
PoW Total Blocks: 1,44,000 PoW blocks
60 second block time
PoW block reward: 500 FX
Transaction confirmations: 3
PoS Interest: 120%
PoS Min Age: 24 hrs
PoS Max age: No limit
PoS starts after 20000 Blocks
Premine: 700000000 FX for ICO
RPC port:22554
P2P port:2255



I have forked FOREXCOIN on GitHub



GITHUB Source : https://github.com/CryptoCurrencyProject/Forexcoin

and I have uploaded the old FOREX Win Wallet on



https://mega.nz/#!4hgjUIJA!vb2i3sRyXAy58xkKHEyjF0KiDElAgBahGmUCWG4uVKs

in order to avoid changes from old dev.

Conf

Code:

listen=1
daemon=1
server=1
rpcuser=USER
rpcpassword=YOURPASSWORD
rpcallowip=127.0.0.1
rpcport=22554
port=22555
gen=0

https://yobit.net/en/trade/FOREX/BTC



Translations 50,000 FX

Paper Wallet 250,000 FX claimed by Obscurium

Faucet   150,000 FX

Android Wallet 1,000,000 FX

Web Block Explorer 150,000 FX

Promotional Video  100,000 FX


User "Placebo" holds the Premine FOREX Address: FEq45H4GVSskwbYVF2KGJHdqshGNQ7DyzK
https://bitcointalk.org/index.php?action=profile;u=164164



FOREX Paper wallet generator (by Obscurium):
Website: http://obscurium-crypto.xyz/forexcoin/index.html

[AltCoinEnthusiast]

Yobit.net on Twitter (Oct 14, 2016):



+30% hold for 1 month

1 month is over now. Dev has gone.


Infos from old Dev:

This is info provided by Yobit after ICO

Code:

ForexCoin ICO
Removed buy-wall: 8.68617560 btc
Yobit commission (10%): 55.2*0.1=5.52 btc
Dev funds: 8.68617560-5.52=3.1661756
1 month hold (30%): 3.1661756*0.3=0.94985268
Current dev payment: 3.1661756-0.94985268=2.21632292 btc

Out of 690M only 8.68617560/0.00000008 = 108577195 Fx has been bought in ICO rem all coins are/ will be burned by Yobit

Questions to Discuss:

Where is the info that Yobit has burned the coins?
Now as the Dev obviously left now - what happens to the 1 month YOBIT hold (30%): 3.1661756*0.3=0.94985268 BTC  ?!?

[placebo]

Yobit.net on Twitter (Oct 14, 2016):



+30% hold for 1 month

1 month is over now. Dev has gone.


Infos from old Dev:

This is info provided by Yobit after ICO

Code:

ForexCoin ICO
Removed buy-wall: 8.68617560 btc
Yobit commission (10%): 55.2*0.1=5.52 btc
Dev funds: 8.68617560-5.52=3.1661756
1 month hold (30%): 3.1661756*0.3=0.94985268
Current dev payment: 3.1661756-0.94985268=2.21632292 btc

Out of 690M only 8.68617560/0.00000008 = 108577195 Fx has been bought in ICO rem all coins are/ will be burned by Yobit

Questions to Discuss:

Where is the info that Yobit has burned the coins?
Now as the Dev obviously left now - what happens to the 1 month YOBIT hold (30%): 3.1661756*0.3=0.94985268 BTC  ?!?

Yes, i also didn't saw a statement from Yobit that the dumped coins were destroyed....

The block explorer is down, so Yobit need to first tell us the Destroy address and then i think as dev is gone he should buyback for 0.94985268 BTC Forex coins and those coins also need to be destroyed....

[adaseb]

New thread already? So what happened

[josefelix]

it is an old coin?

[ArchitektoR]

New thread already? So what happened

unsuccessful scam from the DEV as I can see...

[imjustsayintho]

it is an old coin?

I thought this coin came out a few months back and didn't get any traction

[john1010]

Is this available to mine?

[Den821]

Is this available to mine?

No longer, PoW is over.
You can PoS minting Forex

[isamamin]

Is this available to mine?

No longer, PoW is over.
You can PoS minting Forex

dead before start!

[ArchitektoR]

Is this available to mine?

No longer, PoW is over.
You can PoS minting Forex

ANN says PoW Total Blocks: 1,44,000 PoW blocks - now it's only 61k blocks. So PoW must work.

Just checked - it works!

[AltCoinEnthusiast]

Is this available to mine?

No longer, PoW is over.
You can PoS minting Forex

ANN says PoW Total Blocks: 1,44,000 PoW blocks - now it's only 61k blocks. So PoW must work.

Just checked - it works!

Any Pool available?

[AltCoinEnthusiast]

it is an old coin?

It is ~1 month old

[AltCoinEnthusiast]

Yobit.net on Twitter (Oct 14, 2016):



+30% hold for 1 month

1 month is over now. Dev has gone.


Infos from old Dev:

This is info provided by Yobit after ICO

Code:

ForexCoin ICO
Removed buy-wall: 8.68617560 btc
Yobit commission (10%): 55.2*0.1=5.52 btc
Dev funds: 8.68617560-5.52=3.1661756
1 month hold (30%): 3.1661756*0.3=0.94985268
Current dev payment: 3.1661756-0.94985268=2.21632292 btc

Out of 690M only 8.68617560/0.00000008 = 108577195 Fx has been bought in ICO rem all coins are/ will be burned by Yobit

Questions to Discuss:

Where is the info that Yobit has burned the coins?
Now as the Dev obviously left now - what happens to the 1 month YOBIT hold (30%): 3.1661756*0.3=0.94985268 BTC  ?!?

Yes, i also didn't saw a statement from Yobit that the dumped coins were destroyed....

The block explorer is down, so Yobit need to first tell us the Destroy address and then i think as dev is gone he should buyback for 0.94985268 BTC Forex coins and those coins also need to be destroyed....

I agree, Yobit should buyback for 0.94985268 BTC Forex coins Any Info from Yobit? Or Yobit silence?

[AltCoinEnthusiast]

Yobit still holding the  30% hold for 1 month = 0.94985268 BTC

whats going on?

[placebo]

Yobit still holding the  30% hold for 1 month = 0.94985268 BTC

whats going on?

the same applies for TEAM too...

maybe they decide to add 30% on fees

[AltCoinEnthusiast]

see: https://bitcointalk.org/index.php?topic=914975.msg16964172#msg16964172

Yobit, you still holding the FOREX  30% hold for 1 month = 0.94985268 BTC

Dev has left,
whats going on?

See: https://bitcointalk.org/index.php?topic=1683319.0

What you'll do with  30% hold for 1 month = 0.94985268 BTC ??
You should buy back FOREX coins and burn them.

-Alt

[Daffadile]

It looks ok to me but we will be buying into a 50% loss if the coin doesn't pick up in price. Buy at 2 sell at 1 only so that means you must stake the 120% APR to 100% which is probably 9-10 months maybe less just to break even. Hmmm... risky investment this one.

[5ato5hi8itcoin]

I hope it is also added to other trading sites, at least pull the purchasing power of other people from other trading sites

[jambo110]

It looks ok to me but we will be buying into a 50% loss if the coin doesn't pick up in price. Buy at 2 sell at 1 only so that means you must stake the 120% APR to 100% which is probably 9-10 months maybe less just to break even. Hmmm... risky investment this one.

Agree, no buy wall holding the price.