InflationCoin - IFLT - 4% POS - SourceForge Project of the week 2018

[zincra]

Maybe Des should open github tasks for peoples and ask help from community, so community can help project also

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[striker7334 2.0]

2017-10-30 12:09 - Intimation of closure of Novaexchange

Kindly note "Novaexchange" will have new owners and management effective April 2018, with major upgrades to the exchange to better handle scaling, stability and security.

For better management and security of customer funds we have decided to close down Novaexchange so that the users can withdraw all their funds with no participation/responsibility of action of the new management.

Preliminary plan:
2017-10-30 This information goes public, user registration closes, addcoin page closes, disabling deposits of ETC and ETH
2017-11-30 Deposits disabled for ALL coins, all users get level 3 verified account level
2017-12-15 ONE last deposit scan to take care of deposits made after 2017-11-30
2018-01-31 Email reminder to all registered users
2018-02-28 Trading engine stops, dice game stops, API stops
2018-03-31 Login stop, website replaced with information
2018-04-15 Support closes, all Novaexchange user data removed

what will happen to the coin and will there be found new sites for the exchange of coins?

Well topia is still hosting inflation so there are other exchanges available. Can't say for how long because volume is practically none existent some days on there, Nova is a loss no doubt not only because volume was higher on there but because it also had an altcoins market you could arb on. Since exchanges seem to be dropping like flies I would definitely push for a DEX add to some platform like Bitsquare or Crypto-Bridge as a hedge for IFLT's future during these uncertain times.

[DarkStar1O9]

2017-10-30 12:09 - Intimation of closure of Novaexchange

Kindly note "Novaexchange" will have new owners and management effective April 2018, with major upgrades to the exchange to better handle scaling, stability and security.

For better management and security of customer funds we have decided to close down Novaexchange so that the users can withdraw all their funds with no participation/responsibility of action of the new management.

Preliminary plan:
2017-10-30 This information goes public, user registration closes, addcoin page closes, disabling deposits of ETC and ETH
2017-11-30 Deposits disabled for ALL coins, all users get level 3 verified account level
2017-12-15 ONE last deposit scan to take care of deposits made after 2017-11-30
2018-01-31 Email reminder to all registered users
2018-02-28 Trading engine stops, dice game stops, API stops
2018-03-31 Login stop, website replaced with information
2018-04-15 Support closes, all Novaexchange user data removed

what will happen to the coin and will there be found new sites for the exchange of coins?

A new management team is taking over next year and will potentially keep us on board so this is a temporary period. They still will be actively trading until February 2018 with deposits closing in December and other smaller exchanges we're listed on are still growing, so considering the current market depths they have in holding would be a minimal effect overall.

We're still in contact with other exchanges currently and working on adding some things to the api for compatibility with BarterDEX exchange software, also Remember to vote on Mercatox exchange if you haven't already, we can provide a small deposit to any user that doesn't feel like moving dust to vote cause the minimum deposit for Dogecoin is only 50 coins.

[bezikazi]

I like to show support to the dev team, and be part of the community, I have good feeling about this coin as long term success. I belive can steadily raise like many coins started from zero. I invested small ammount today.

[striker7334 2.0]

So im liking this listing on cryptopia and plan  and I plan to pick up a few of these but first a few questions though:
https://www.cryptopia.co.nz/MarketItem/8124

1. When do you plan to restock them?
2. Is there a limit to how many you can order?
3. Is the 20% rebate in IFX per staking box or per order?
4. How can we be sure the firmware isn't compromised on these PI's are they being drop shipped?
5. Is topia an escrow service or do we have to provide an escrow?

Thanks

[MisterPresident]

Attention! Attention!
 

Block Height:         655210
Time:                   31 Oct 2017 08:12:12
Difficulty:              854.70426655
Proof Type:           proof-of-stake
Annual PoS Rate:   80.02 %
Money Supply:      31,786,208,895

[YaYMiner]

It's official, the stake rate has went down to 80%  But i am still going to keep on staking since the payouts are still good compared to other coins.

Here is the link to confirm the 80% stake rate now:
http://www.presstab.pw/phpexplorer/IFLT/

[szfinx]

Stop spamming with this rubbish everywhere. Find a proper job which doesn't involve annoying people.

[YaYMiner]

Stop spamming with this rubbish everywhere. Find a proper job which doesn't involve annoying people.

Can we report this?

[igorwas]

after switching to 80% all the steaks are reset? I had a steak of 1 600 000 from 23.10 today received 47 000? counted% after switching to 80% and before that the coins burned out?

[LuciferMorningstar]

How long till the 80% POS reward lower?

[TheKingInYellow]

Attention! Attention!
 

Block Height:         655210
Time:                   31 Oct 2017 08:12:12
Difficulty:              854.70426655
Proof Type:           proof-of-stake
Annual PoS Rate:   80.02 %
Money Supply:      31,786,208,895

Maybe this coin will finally start to budge  Spent plenty of money on that cryptopia listing to watch it dwindle to 0 volume.

[kiddo]

It's official, the stake rate has went down to 80%  But i am still going to keep on staking since the payouts are still good compared to other coins.

Here is the link to confirm the 80% stake rate now:
http://www.presstab.pw/phpexplorer/IFLT/

Indeed 80% interest rate/year is still a good coin to stake. It shouldn't switch to 80% POS on 7 November? Exactly after 1 year after the forst block was mined.

[DarkStar1O9]

It's official, the stake rate has went down to 80%  But i am still going to keep on staking since the payouts are still good compared to other coins.

Here is the link to confirm the 80% stake rate now:
http://www.presstab.pw/phpexplorer/IFLT/

Indeed 80% interest rate/year is still a good coin to stake. It shouldn't switch to 80% POS on 7 November? Exactly after 1 year after the first block was mined.

The original developer counted 1 year in the code as 525600 blocks, possibly also the blockchain was initiated earlier before launching on Bitcointalk.

after switching to 80% all the steaks are reset? I had a steak of 1 600 000 from 23.10 today received 47 000? counted% after switching to 80% and before that the coins burned out?

When your client finally mines a stake it will output a reward based on the current stake subsidy calculation so the compounding results differently, but your coin age is still factored into the total.

So im liking this listing on cryptopia and plan  and I plan to pick up a few of these but first a few questions though:
https://www.cryptopia.co.nz/MarketItem/8124

1. When do you plan to restock them?
2. Is there a limit to how many you can order?
3. Is the 20% rebate in IFX per staking box or per order?
4. How can we be sure the firmware isn't compromised on these PI's are they being drop shipped?
5. Is topia an escrow service or do we have to provide an escrow?

Thanks

They had them in stock recent weeks and had sold out around the same time we posted the offer on Twitter. Right now the discount is limited to twice per month, once per week, and will be featuring different products each month. Also aside from the featured discounts you can purchase any game at a discount rate also by ordering from the discord chat server. The IFX rebate can count for the entire order, and eligible to be redeemable for InflationCoin after 3 months. Eventually will update the thread with more info as long as it continues to go well. For escrow we're using Cointopay to accept payments in InflationCoin, which works similar to Bitpay and can also bid directly from the Cryptopia marketplace.

We're also looking into backing the asset through custom Smartcoins and margin trading on Bitshares when enough capital from additional investments has been raised, it can be a cleaner way to peg a market asset's value and doesn't require traders to need direct exchange liquidity from order books always present, all coins have an in-built function to settle their position based on the initially specified price and funds pooled into the asset's contract. The coins are created and borrowed with collateral to back the core pool unlike issuing general digital assets.

The NavPis come with a customized OS pre-installed on the hardware, even if something didn't work, it's still a normal RaspberryPi device that would work with the latest linux build of RaspberryPi 3.

[striker7334 2.0]

It's official, the stake rate has went down to 80%  But i am still going to keep on staking since the payouts are still good compared to other coins.

Here is the link to confirm the 80% stake rate now:
http://www.presstab.pw/phpexplorer/IFLT/

Indeed 80% interest rate/year is still a good coin to stake. It shouldn't switch to 80% POS on 7 November? Exactly after 1 year after the first block was mined.

The original developer counted 1 year in the code as 525600 blocks, possibly also the blockchain was initiated earlier before launching on Bitcointalk.

after switching to 80% all the steaks are reset? I had a steak of 1 600 000 from 23.10 today received 47 000? counted% after switching to 80% and before that the coins burned out?

When your client finally mines a stake it will output a reward based on the current stake subsidy calculation so the compounding results differently, but your coin age is still factored into the total.

So im liking this listing on cryptopia and plan  and I plan to pick up a few of these but first a few questions though:
https://www.cryptopia.co.nz/MarketItem/8124

1. When do you plan to restock them?
2. Is there a limit to how many you can order?
3. Is the 20% rebate in IFX per staking box or per order?
4. How can we be sure the firmware isn't compromised on these PI's are they being drop shipped?
5. Is topia an escrow service or do we have to provide an escrow?

Thanks

They had them in stock recent weeks and had sold out around the same time we posted the offer on Twitter. Right now the discount is limited to twice per month, once per week, and will be featuring different products each month. Also aside from the featured discounts you can purchase any game at a discount rate also by ordering from the discord chat server. The IFX rebate can count for the entire order, and eligible to be redeemable for InflationCoin after 3 months. Eventually will update the thread with more info as long as it continues to go well. For escrow we're using Cointopay to accept payments in InflationCoin, which works similar to Bitpay and can also bid directly from the Cryptopia marketplace.

We're also looking into backing the asset through custom Smartcoins and margin trading on Bitshares when enough capital from additional investments has been raised, it can be a cleaner way to peg a market asset's value and doesn't require traders to need direct exchange liquidity from order books always present, all coins have an in-built function to settle their position based on the initially specified price and funds pooled into the asset's contract. The coins are created and borrowed with collateral to back the core pool unlike issuing general digital assets.

The NavPis come with a customized OS pre-installed on the hardware, even if something didn't work, it's still a normal RaspberryPi device that would work with the latest linux build of RaspberryPi 3.

Cool thank you for the clarification on my questions I appreciate it very much! Sounds like a great deal for an actual use of IFLT and thats exactly what it needs to survive the bloodbath the alts are going through atm and down the line in the future. I think the smart assets are a great idea as well to ensure that the rebates run smoothly and I would love to be able to margin trade them or even lend them for interest if that feature was available lol. Overall, I still plan to look out for the product you offer each month, hope the stakers are available again soon I've had my eye on that one but if not then I'm sure I will pop into the discord chat and buy a game or two! 

[DarkStar1O9]

11/02/2017
As the groundbreaking 1st year for InflationCoin comes to a turn with the new virtual mining rate period, here are some market statistics collected from the first season of trading and top wallet's performance.

2016-2017:

Raw market volume input instance usd: $677,385

Annual Market trading volume adjusted for Bitcoin price inflation (estimated): $2,680,555 (394.199264706 BTC)

Top 25 wallets average staking performance: 8x-30x from initial balance, highest recorded- 46x with additional coins deposited.

-inflationcoin.org

[CryptoGrinder]

I made the moderator upset with a comment I made earlier, I just want to apologize.

I wish the best for this coin and hope to hold it for the long-term, and am very pleased with the wallet.  In the future I'll leave my ideas for the future out of my commentary.

Best wishes,

-CryptoGrinder

[BitKing3000]

Volume on Yobit increasing. This coin will spike now that staking is @ 80%. Watch for the price to reach 10sat before its over.

[MadMac]

Volume on Yobit increasing. This coin will spike now that staking is @ 80%. Watch for the price to reach 10sat before its over.

What you mean with "before it is over"? It is nowhere it can get, at the bottom of the bottom.

[BitKing3000]

Volume on Yobit increasing. This coin will spike now that staking is @ 80%. Watch for the price to reach 10sat before its over.

What you mean with "before it is over"? It is nowhere it can get, at the bottom of the bottom.

If youre still holding IFLT and making those statements then why havent you sold already? If you dont own any then why would you be on this message board expressing opinions?
The price will go back up and will reach 10 sat where it should be, simply sit back and watch.