ANN [CREA] Decentralized Communities that reward creators of digital arts

[donarito]

i didn't understand - there will be a swap or what?

[1715379643]

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[1715379643]

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[1715379643]

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[1715379643]

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[Protus]

Hi guys! We remember the details of CREA 2.0

-New DPOS consensus (Delegated Proof of Stake)
-Version web platform
-Graphene Technology (1000 TPS) http://docs.bitshares.org/
-Transactions with no fees
-Algorithm of content scoring
-New Tokens derived from CREA  https://www.creativechain.org/the-new-tokens-of-crea-2-0/
-Reduction of daily reward volume https://www.creativechain.org/distribution-and-supply-of-cryptocurrency-in-crea-2-0/
-MEMOrizables addresses

+ info https://www.creativechain.org/crea-2-0-is-coming/

[Protus]

I also think the annual inflation of 8 percent is a little bit to much. Will there be a community vote about that? In my opinion 5 percent is more than enough for staking.

Hi!
It is not 8% for staking. DPOS is different from POS. In the new version 2.0 the rewards will be much more distributed in proportion between the stakeholders that use the network: 70% for authors and curators of content, 15% among the holders of the token and the remaining 15% among the witnesses of the network .

How does the cryptocurrency issuing system work in CREA 2.0?

In CREA 2.0 the issuance of new currency will be based on the percentage of inflation over the total currency existing at the time.

The initial inflation will be 8% of the total supply and each 300,000 blocks (10 days approx) will drop 0.01%, so in a year we will go from an annual inflation of 8% to 7.65% until reaching 1% in 20 years.

If, for example, we start this issuance system with a circulating supply of 16.5 million CREA, 3616 CREA will be created per day.f

I invite you to read this post  https://www.creativechain.org/distribution-and-supply-of-cryptocurrency-in-crea-2-0/

[Protus]

i didn't understand - there will be a swap or what?

Yes!
With version 2.0 a web version of the platform will be launched.
When we launch CREA 2.0 with the new wallet, there will be an option to send all the funds from the wallet of crea 1.0 to the new account. If the wallet.dat is encrypted, the wallet.dat password must be provided.
In the case of the Android wallet it will be necessary to insert the security list of words.

[logictense]

I also think the annual inflation of 8 percent is a little bit to much. Will there be a community vote about that? In my opinion 5 percent is more than enough for staking.

Hi!
It is not 8% for staking. DPOS is different from POS. In the new version 2.0 the rewards will be much more distributed in proportion between the stakeholders that use the network: 70% for authors and curators of content, 15% among the holders of the token and the remaining 15% among the witnesses of the network .

No no that is the way to capsize ur boat within the fringe of a shore. 70 percent goes to witnesses 1% is for token holders because of their passive leaning attitude (how do they support the network, no way) and 29% should be mine. No 95% must be translated to witnesses. Otherwise, with the distribution system like this, u will never go past bitshares levels. Look what their governance model has turned into.

[Protus]

I also think the annual inflation of 8 percent is a little bit to much. Will there be a community vote about that? In my opinion 5 percent is more than enough for staking.

Hi!
It is not 8% for staking. DPOS is different from POS. In the new version 2.0 the rewards will be much more distributed in proportion between the stakeholders that use the network: 70% for authors and curators of content, 15% among the holders of the token and the remaining 15% among the witnesses of the network .

No no that is the way to capsize ur boat within the fringe of a shore. 70 percent goes to witnesses 1% is for token holders because of their passive leaning attitude (how do they support the network, no way) and 29% should be mine. No 95% must be translated to witnesses. Otherwise, with the distribution system like this, u will never go past bitshares levels. Look what their governance model has turned into.

Distribution of the reward in CREA 2.0
70% Content Authors and Curators
15% Owners of CREA Energy (CGY)
Create wants to build a community mostly controlled by people with a long-term vision and interest on the platform. For this, users can convert their CREA to Crea Energy (CGY).
This asset can not be transferred to other users and could not be used in cryptocurrency exchanges, however it offers many benefits within the platform.
This commitment to the network entails a return process of the committed CREA of 8 weeks through a weekly payment.
CGY is the creative energy and an indicator of the power of each user when voting for content or network witnesses (DPOS).
When users vote for publications, their influence on the distribution of rewards is directly proportional to the amount of CGY they have. This means that CGY is a token that grants its holders exclusive powers within the Crea platform.
In addition, CGY holders will receive 15% of annual inflation as a reward. The number of new CGY tokens that they receive is directly proportional to the amount of CGY they keep in relation to the total amount of CGY granted to the total of users. This is a system similar to the POS of other cryptocurrencies, with the difference that CGY assets can not be used since they are not blocked.

CGY holders are the ones who support the network by voting witnesses and content.

Finally, 15% is distributed to Witnesses.

Our system is more similar to Steem.

If you think it is not well distributed, we can discuss it, thank you for your participation.  

[dentoku]

Hey, guys!
I read that 3 page whitepaper first before browsing through the posts here.
I got few question in the whitepaper but all got cleared up when I started browsing the forum post.

[Protus]

Hey, guys!
I read that 3 page whitepaper first before browsing through the posts here.
I got few question in the whitepaper but all got cleared up when I started browsing the forum post.

The whitepaper will be very outdated, when upgrade to version 2.0. Here you can find more updated information about the core. https://www.creativechain.org/crea-2-0-is-coming/ 

[Protus]

Hi guys! We want to share with the community the interface of the new CREA 2.0 web platform. Many improvements and new implementations. We will continue informing. 

[berron]

Hi Protus,

Don't you think that this new reward distribution is going to totally dilute the investment of the initial investors? I don't mind to lose some money if it's dedicated to fuck SGAE, but I think it's fair to the investors to make some comments about that point.

Salute

Ah, and another thing, please, make a desktop wallet, some people (like me) prefer to have their private keys in their computer and not share it through internet.

[Protus]

Hi Protus,

Don't you think that this new reward distribution is going to totally dilute the investment of the initial investors? I don't mind to lose some money if it's dedicated to fuck SGAE, but I think it's fair to the investors to make some comments about that point.

Salute

Ah, and another thing, please, make a desktop wallet, some people (like me) prefer to have their private keys in their computer and not share it through internet.

Hi!
I do not understand how this distribution could adversely affect investors. On the contrary, this new distribution favors investors for multiple reasons. Mainly because of the shortage of currency and then the coin is actually distributed as a reward between the people who generate value in the system and these are the authors and curators.

The blockchain of CREA 2.0 presents a more sustainable and controlled currency issue based on real-time inflation over the total currency issued at that time. At the same time, the reward is distributed to a greater or lesser extent to each and every one of the users of the network. Therefore, the currency will increase its distribution level since it is distributed to a greater number of people, converting all the users of the social network into CREA shareholders.

When going from version 1.0 to 2.0, it will go from issuing 18000 CREA per day to 3616 CREA per day. This will radically increase the shortage and difficulty of getting the cryptocurrency.

Undoubtedly, the new currency issuance system will bring more value to all the parties that make up the CREA ecosystem.

With the new system in 20 years, some 42 million CREA will have been issued, while with the 1.0 system in 20 years there would have been about 75 million CREA (+ 70% more).
To reach the maximum supply of the currency of 115 million coins had to spend about 120 years and now to reach 115 million will take more or less the same.


Please, check this article: https://www.creativechain.org/distribution-and-supply-of-cryptocurrency-in-crea-2-0

All keys will be encrypted with a password of 32 characters and numbers.

[TGBgraib]

i didn't understand - there will be a swap or what?

Yes!
With version 2.0 a web version of the platform will be launched.
When we launch CREA 2.0 with the new wallet, there will be an option to send all the funds from the wallet of crea 1.0 to the new account. If the wallet.dat is encrypted, the wallet.dat password must be provided.
In the case of the Android wallet it will be necessary to insert the security list of words.

finally your product is launched. it has a positive impact, the development and trust of users and investors will be stronger. your position is getting stronger by investors.

[Tailor_]

One thing in your project name was very impressive "CREATIVECHAIN", and your hole concept are very helpful those users who are find the specific project and that's why the project is more active. So keep it up guys and all the best for the future.

[Protus]

One thing in your project name was very impressive "CREATIVECHAIN", and your hole concept are very helpful those users who are find the specific project and that's why the project is more active. So keep it up guys and all the best for the future.

Hi, thanks!
The new version of the core 2.0 and the web version of the platform will be spectacular. 

[Abdi_Anthony]

What are the assets & liabilities of your project? What will be the use of the proceeds raised? What kind of expenses do you expect to incur? What is your cash burn for the year(s) to come?

[berron]

Hi Protus,

Don't you think that this new reward distribution is going to totally dilute the investment of the initial investors? I don't mind to lose some money if it's dedicated to fuck SGAE, but I think it's fair to the investors to make some comments about that point.

Salute

Ah, and another thing, please, make a desktop wallet, some people (like me) prefer to have their private keys in their computer and not share it through internet.

Hi!
I do not understand how this distribution could adversely affect investors. On the contrary, this new distribution favors investors for multiple reasons. Mainly because of the shortage of currency and then the coin is actually distributed as a reward between the people who generate value in the system and these are the authors and curators.

The blockchain of CREA 2.0 presents a more sustainable and controlled currency issue based on real-time inflation over the total currency issued at that time. At the same time, the reward is distributed to a greater or lesser extent to each and every one of the users of the network. Therefore, the currency will increase its distribution level since it is distributed to a greater number of people, converting all the users of the social network into CREA shareholders.

When going from version 1.0 to 2.0, it will go from issuing 18000 CREA per day to 3616 CREA per day. This will radically increase the shortage and difficulty of getting the cryptocurrency.

Undoubtedly, the new currency issuance system will bring more value to all the parties that make up the CREA ecosystem.

With the new system in 20 years, some 42 million CREA will have been issued, while with the 1.0 system in 20 years there would have been about 75 million CREA (+ 70% more).
To reach the maximum supply of the currency of 115 million coins had to spend about 120 years and now to reach 115 million will take more or less the same.


Please, check this article: https://www.creativechain.org/distribution-and-supply-of-cryptocurrency-in-crea-2-0

All keys will be encrypted with a password of 32 characters and numbers.

Ok, thanks for the info, I was not aware of the change in coin supply per block in the new version, I tought there will be the original fibbonacci from 1.0 plus the DPOS stake, sorry.

 On the other hand, I continue preferring to have my own encrypted wallet, but well, CREA is not the first coin to work this mode, that's true.

Salute

[hyudien]

Hi guys! We want to share with the community the interface of the new CREA 2.0 web platform. Many improvements and new implementations. We will continue informing. 

This is very nice information team. I'm very glad have joined this project some time ago. Hope you'll always bring new feature for this project. Good luck team. 

Regards
Hyudien

[2andahalfBTC]

Creativechain is a awsome project and the concept is also very amazing. It is a very impressing project, the only problem is the lack of interest in it. I hope the devs can bring up a good marketing solution.

[Foy.Spec]

I found my self reading about this platform and i think this is an interesting one that you can promote until the end of the ICO! I'll surely support this one!

[Protus]

Creativechain is a awsome project and the concept is also very amazing. It is a very impressing project, the only problem is the lack of interest in it. I hope the devs can bring up a good marketing solution.

Hi! Thanks
We do marketing continuously. Now with the release of version 2.0 we will apply this new marketing plan with great strength and resources. https://www.creativechain.org/marketing-road-map/