[ANN] æternity blockchain ∞ AE TOKEN ∞ [PoW & PoS | Oracles | Smart Contracts]

[cryptodv]

What is the total token amount?

[vdramaliev]

What is the total token amount?

Hey,

Currently - 140m AE tokens, but this will increase after Phase 2 (starting tomorrow 13:05 GMT), which however has a cap of 21 CHF (Swiss Franks) in BTC and ETH and a reduced ETH/BTC:AE ratio.

Regards,
Vlad

[vdramaliev]

How does mining work? Is there perpetual inflation? Couldnt find this in the whitepaper..

Hello,

Inflation could be controlled by a prediction market that modifies one of the fundamental variables, in this case - AE per block. Our devs are still deliberating on this.

The fallback approach would be to follow the tokens-per-block logic of Ethereum.

Regards,
Vlad

[2012]

Research is necessary before you invest.

For the very latest on Aeternity see the interview with  Nikola Stojanow Director of Strategy & Business Development at æternity

https://www.investitin.com/aeternity/

This is nice article feeling excited about this 2nd phase so that I am pretty sure it will be wonderful like the previous one. This is solid project and the team has very clear and direction about the future of this project.

[amintek15]

Research is necessary before you invest.

For the very latest on Aeternity see the interview with  Nikola Stojanow Director of Strategy & Business Development at æternity

https://www.investitin.com/aeternity/

This is nice article feeling excited about this 2nd phase so that I am pretty sure it will be wonderful like the previous one. This is solid project and the team has very clear and direction about the future of this project.

I read this:
"The white paper states that accounts need to pay a small fee for them to be open. Does this mean that AE Token holders will have to pay fees to hold the AE Token?

In order to open a state-channel, users will have to pay a small amount of AE Token. After that, users will be able to infinitely transact, until the two parties settle and close the state channel. This has nothing to do with the actual wallet, for which users will not have to pay any fees, in order to hold their AE Token in the AE wallet. Everyone who has an account for holding AE pays the small fee on every block. "

Can someone explain me the last thing please ? so If I hold AE on my MEW for example, I will pay fees ? and than if I hold some years I will got nothing ? ^^

[vdramaliev]

Hello everyone,

We just added a blog post by a developer who is joining the team - Michał Zajda.

He is a hands-on engineer with a track record in the hottest projects of the last few years. He has been responsible for the architecture, scalability and performance in systems behind RTB markets, Mobile Chat apps, and IoT systems that serve hundreds of millions customers. He will support æternity’s incorporation of Erlang technology in order to deliver a state-of-the-art blockchain.

READ IT AT THE BLOG

Regards,
Vlad

[Merovingian]

Research is necessary before you invest.

For the very latest on Aeternity see the interview with  Nikola Stojanow Director of Strategy & Business Development at æternity

https://www.investitin.com/aeternity/

This is nice article feeling excited about this 2nd phase so that I am pretty sure it will be wonderful like the previous one. This is solid project and the team has very clear and direction about the future of this project.

I read this:
"The white paper states that accounts need to pay a small fee for them to be open. Does this mean that AE Token holders will have to pay fees to hold the AE Token?

In order to open a state-channel, users will have to pay a small amount of AE Token. After that, users will be able to infinitely transact, until the two parties settle and close the state channel. This has nothing to do with the actual wallet, for which users will not have to pay any fees, in order to hold their AE Token in the AE wallet. Everyone who has an account for holding AE pays the small fee on every block. "

Can someone explain me the last thing please ? so If I hold AE on my MEW for example, I will pay fees ? and than if I hold some years I will got nothing ? ^^

this is only valid once Æ tokens exist

[amintek15]

Research is necessary before you invest.

For the very latest on Aeternity see the interview with  Nikola Stojanow Director of Strategy & Business Development at æternity

https://www.investitin.com/aeternity/

This is nice article feeling excited about this 2nd phase so that I am pretty sure it will be wonderful like the previous one. This is solid project and the team has very clear and direction about the future of this project.

I read this:
"The white paper states that accounts need to pay a small fee for them to be open. Does this mean that AE Token holders will have to pay fees to hold the AE Token?

In order to open a state-channel, users will have to pay a small amount of AE Token. After that, users will be able to infinitely transact, until the two parties settle and close the state channel. This has nothing to do with the actual wallet, for which users will not have to pay any fees, in order to hold their AE Token in the AE wallet. Everyone who has an account for holding AE pays the small fee on every block. "

Can someone explain me the last thing please ? so If I hold AE on my MEW for example, I will pay fees ? and than if I hold some years I will got nothing ? ^^

this is only valid once Æ tokens exist

is it the same if I hold on exchange ? First time I see this

[jtalk]

I am ready for the start of phase two to participate and waiting for the updates as we are at few hours distance of it now. I have impression that it will be another quickest get funded round so I am not taking chance to delaying. Aeternity will be recognized for different approach towards smart contract feasibility and accessibility.

[chohav]

Excitement is rising, only 4 more hours till phase 2. Get ready so you won't miss this round like me with the previous one.

[Colba17]

Hi - two questions:

1. Can I send BTC from my Ledger Nano S and receive AE tokens? How will I receive them?


2. Will BTC contributors have access to ERC20 tokens before launch?

I read somewhere AE are initially Ethereum ERC20 tokens that will be tradeable before launch and then burned in exchange for AE. How does that work for BTC contributors?

Thanks!!

[Merovingian]

Media about aeternity:
Blockchain Startup Aeternity to Launch Phase Two of Contribution Campaign on May 29th, 2017 - the-blockchain.com
http://www.the-blockchain.com/2017/05/28/blockchain-startup-aeternity-launch-phase-two-crowdsale-may-29th/
Aeternity Seeks to Push Smart Contracts Further - coinidol.com
https://coinidol.com/aeternity-to-launch-phase-two-of-crowdsale/
Aeternity Launches Phase 2 of Contribution Campaign to Support Smart Contract Project
http://www.newsbtc.com/2017/05/29/aeternity-launches-phase-2-contribution-campaign-support-smart-contract-project/

[Merovingian]

Hi - two questions:

1. Can I send BTC from my Ledger Nano S and receive AE tokens? How will I receive them?


2. Will BTC contributors have access to ERC20 tokens before launch?

I read somewhere AE are initially Ethereum ERC20 tokens that will be tradeable before launch and then burned in exchange for AE. How does that work for BTC contributors?

Thanks!!

1 - you need to know/have your private key and ether wallet to receive ERC20 AE tokens.
2 - yes, sure.
Migration is the same as for ETH contributors.

[Colba17]

Hi - two questions:

1. Can I send BTC from my Ledger Nano S and receive AE tokens? How will I receive them?


2. Will BTC contributors have access to ERC20 tokens before launch?

I read somewhere AE are initially Ethereum ERC20 tokens that will be tradeable before launch and then burned in exchange for AE. How does that work for BTC contributors?

Thanks!!

1 - you need to know/have your private key and ether wallet to receive ERC20 AE tokens.
2 - yes, sure.
Migration is the same as for ETH contributors.

Can you explain a bit more how this works? thanks

[crema]

Very important question (I think).

Will the collected ETH converted in US dollars, or kept in a secure wallet for a long time?

This will influence dramatically the price of AET in the short  / mid term future

Thanks

[Merovingian]

Very important question (I think).

Will the collected ETH converted in US dollars, or kept in a secure wallet for a long time?

This will influence dramatically the price of AET in the short  / mid term future

Thanks

17% will get allocated to Aeternity Anstalt, the foundation and the founding team. The AE tokens for the team will be time-locked.
more:https://blog.aeternity.com/security-transparency-simplicity-1411fad10974

Hi - two questions:

1. Can I send BTC from my Ledger Nano S and receive AE tokens? How will I receive them?


2. Will BTC contributors have access to ERC20 tokens before launch?

I read somewhere AE are initially Ethereum ERC20 tokens that will be tradeable before launch and then burned in exchange for AE. How does that work for BTC contributors?

Thanks!!

1 - you need to know/have your private key and ether wallet to receive ERC20 AE tokens.
2 - yes, sure.
Migration is the same as for ETH contributors.

Can you explain a bit more how this works? thanks

All AE tokens will be distributed to contributors after Phase Two is over. They will be created on the Ethereum network in the form of an ERC20 standard token. Once this is done, you will be able to transfer them by importing your private key into the æternity wallet or by using an ERC20 compatible Ethereum wallet. We will provide a guide on how to do that.
more: https://blog.aeternity.com/contribution-phase-one-overview-faq-89c89cc19cc6

[crema]

[
17% will get allocated to Aeternity Anstalt, the foundation and the founding team. The AE tokens for the team will be time-locked.
more]

Thank you but I don't think it is answering my question

[vdramaliev]

Very important question (I think).

Will the collected ETH converted in US dollars, or kept in a secure wallet for a long time?

This will influence dramatically the price of AET in the short  / mid term future

Thanks

Hey crema,

For the time being there is not intention to move to fiat currencies. Contributions will be kept in crypto.

regards,
Vlad

[AmarO]

This is a long term project so don't expect quick money with this fellow investors, this is only for people genuinely interested not for businessmen 😎.

[Merovingian]

Information: In case the cap is reached the wallet will remain open for 6 more hours due to following reasons: No pressure to contribute within seconds, every participant needs to have a chance to setup the wallet & read the terms & conditions. give third-party partners (e.g. like Bitcoin Suisse) time for on-boarding. Also, we experienced very slow transactions coming in during phase I. (to speed up things - please use high transaction fees).

* There is no advantage to contributing within seconds after the wallet is open.
* Every participant needs to have a reasonable amount of time to setup a new wallet and read the terms & conditions.
* We need to allow third-party partners (e.g. Bitcoin Suisse) time for on-boarding.
* Our experience with Phase 1 shows that transactions (esp. bitcoin ones) could be slow to confirm for users paying average or low fees. In order to be sure that your contribution is registered within the established time period, please pay a high transaction fee.