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Author Topic: [IMX] IMPACT | NO PREMINE/NO ICO | REAL LONGTERM CRYPTO | X11 ALGO | POS NOW|  (Read 41877 times)
Impactdev (OP)
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April 07, 2017, 06:57:29 PM
 #321


How is posible to give 7.000 IMX  with stake with 1MM of coin and I with 350K I get 1IMX, 1,5 or max 2 IMX?

I understand



I not understand  Grin

Reward is from POW phase. (check the date) During the POW phase, reward per block was 7 000 IMX coins.

To reach such reward in POS.
You will have to stake 1 M coins for at least 11 days.

POS interest is 25% per year. (25% for every 365 days.....means 25/365= 0.068% per day)

When POW finished there were 109 231 963 IMX coins (on block 30 000).
IMX is on block 46 790 now. And total coin count is 109,251,696 IMX. (So only new 19 733 IMX coins were generated in pure POS)
`

I've been minting for more than 24 hours and got just 14 coins approx., when I should have minted like 342 (=[500,000*0.25]/365), are you sure 25% is the right staking percentage? I don't mind the coin to have less inflation, an annual 25% of new coins seems too much if that's forever, but definitely this doesn't seem a 25% annual interest. Are you sure this isn't a 2.5%?
It is 25% interest per year.

You can also check source on github
(static const int64_t COIN_YEAR_REWARD = 25 * CENT;)

Minimum stake age is 24 hours. It means your expected reward starts growing after first 24 hours. (first 24 hours do no count...)
Another important factor is input. If you recieved 500K coins in more than just one transaction. (it means more inputs)

If a wallet holds small inputs that are not competitive once mature, the owner of the wallet has the ability to put all small inputs together into one big.  By sending them to a new wallet or sending them to the same wallet that they are held in at the moment in one single transaction. (will result in only one input)

The quantity of inputs is a factor that should be taken into consideration more seriously. Every input, once it matures and starts the staking process, is in competition with other inputs attempting to stake. Knowing that the network is setup to produce a block every 60 seconds, there is a limit of about 1440 blocks per day that can be produce by PoS . While having multiple inputs of coins ready to stake is a good thing for the network, it can be a resource intensive task for the CPU. The objective is to find an optimal range of input quantity so that the CPU isn't overloaded, and also that the staking process continues to add security to the network by having many inputs (blocks) competing for stake.
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major_coiner
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April 07, 2017, 07:11:30 PM
 #322


How is posible to give 7.000 IMX  with stake with 1MM of coin and I with 350K I get 1IMX, 1,5 or max 2 IMX?

I understand



I not understand  Grin

Reward is from POW phase. (check the date) During the POW phase, reward per block was 7 000 IMX coins.

To reach such reward in POS.
You will have to stake 1 M coins for at least 11 days.

POS interest is 25% per year. (25% for every 365 days.....means 25/365= 0.068% per day)

When POW finished there were 109 231 963 IMX coins (on block 30 000).
IMX is on block 46 790 now. And total coin count is 109,251,696 IMX. (So only new 19 733 IMX coins were generated in pure POS)
`

I've been minting for more than 24 hours and got just 14 coins approx., when I should have minted like 342 (=[500,000*0.25]/365), are you sure 25% is the right staking percentage? I don't mind the coin to have less inflation, an annual 25% of new coins seems too much if that's forever, but definitely this doesn't seem a 25% annual interest. Are you sure this isn't a 2.5%?
It is 25% interest per year.

You can also check source on github
(static const int64_t COIN_YEAR_REWARD = 25 * CENT;)

Minimum stake age is 24 hours. It means your expected reward starts growing after first 24 hours. (first 24 hours do no count...)
Another important factor is input. If you recieved 500K coins in more than just one transaction. (it means more inputs)

If a wallet holds small inputs that are not competitive once mature, the owner of the wallet has the ability to put all small inputs together into one big.  By sending them to a new wallet or sending them to the same wallet that they are held in at the moment in one single transaction. (will result in only one input)

The quantity of inputs is a factor that should be taken into consideration more seriously. Every input, once it matures and starts the staking process, is in competition with other inputs attempting to stake. Knowing that the network is setup to produce a block every 60 seconds, there is a limit of about 1440 blocks per day that can be produce by PoS . While having multiple inputs of coins ready to stake is a good thing for the network, it can be a resource intensive task for the CPU. The objective is to find an optimal range of input quantity so that the CPU isn't overloaded, and also that the staking process continues to add security to the network by having many inputs (blocks) competing for stake.

Ok, thanks for the detailed explanation
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April 08, 2017, 01:30:13 PM
 #323

Can you guys try to get on Cryptopia?

§: 8Q7zvaH955cCbqu2nCvpPcTvczGfe9psxE
§1 = 1MWh
Impactdev (OP)
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April 08, 2017, 05:09:57 PM
 #324

Can you guys try to get on Cryptopia?
We are working on it.
Cryptopia is quiet expensive on listing new coins (these days). They want 2 000 000 DOT coins for listing new coin.
At actual price. It means more than 1 BTC....

I´m in contact with Cryptopia devs. I'm trying to negotiate to get IMX there.

Community can help with joining their IRC chat and asking about Impact listing. (http://webchat.freenode.net/?channels=cryptopia-ex)


Also, I hope Yobit will add IMX soon. It shloud be on monday or in next few days.
Impactdev (OP)
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April 09, 2017, 08:07:36 AM
 #325

We have new LTC market.
IMX was just added to coinsmarkets exchange. It is bright new exchange. And we wish them good luck.




OP updated.
Impactdev (OP)
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April 09, 2017, 03:15:28 PM
 #326

In order to grow as quickly as possible.

IMX thread was posted on many crypto related forums.

https://cryptocointalk.com/topic/53363-imx-impact-no-premineno-ico-powpos-x11-algo-pure-pos-now/
https://bitcoingarden.org/forum/index.php?topic=13491.0
https://www.cryptopia.co.nz/Forum/Thread/1249

If anyone has any idea how to reach the largest possible audience. Please share it in the thread.
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April 09, 2017, 03:26:46 PM
Last edit: April 09, 2017, 05:19:42 PM by synthgauge
 #327

The amount of DOT u were referring too, needed to bribe cryptopia, is short by 90 million DOT. They currently require 92 million dot to approve an addition of a random coin. I will get in touch with them and ask to lower that sum down somehow, I will lie that a local department of social welfare dropped my social gratuity and I need to periodically buy coins to earn for living. Hope they will reduce the fe to 91 million dot.
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April 09, 2017, 11:29:00 PM
 #328

https://poswallet.com/addcoin.php
https://novaexchange.com/addcoin/

not the exchanges with the most volumes, but well, you would get my votes if it were to get listed there.
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April 10, 2017, 04:14:13 AM
 #329

that is good info dev on the staking.. wasnt aware of this..
thanks..

any luck on yobit? you should try bleutrade too...
caozhiyuan
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April 10, 2017, 04:46:55 AM
 #330

dev , why yobit not yet lised ? Concoin applicaition in last week,and today lised.So you should connect support and tell us the reason,thank you!
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April 10, 2017, 05:16:29 AM
 #331

dev , why yobit not yet lised ? Concoin applicaition in last week,and today lised.So you should connect support and tell us the reason,thank you!
They probably will not answer you. It's about luck to get listed on Yobit.

Servers been shutted down forever. Working on compensate program.
If need a pool public or private PM me.
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April 10, 2017, 06:39:35 AM
 #332

https://poswallet.com/addcoin.php
https://novaexchange.com/addcoin/

not the exchanges with the most volumes, but well, you would get my votes if it were to get listed there.

They're already on Novaexchange! But i agree with PosWallet https://poswallet.com/login.php?referral=JohnnyArmani Free to list your coin, all you need are the votes!  Wink But i think you can pay to be added as well.
Impactdev (OP)
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April 10, 2017, 09:44:28 AM
Last edit: April 10, 2017, 10:24:16 AM by Impactdev
 #333

dev , why yobit not yet lised ? Concoin applicaition in last week,and today lised.So you should connect support and tell us the reason,thank you!
They never comment adding new coins.
I will pay 0.5 BTC for exclusive listing today. (We really need some bigger exchange like Yobit)

EDIT: I just payed for exclusive listing. (https://blockchain.info/address/14puLbNXNbrtB1NMJqnFMwj5fvnKouAj2w)
It should take 2-3 business days to get there, now.
caozhiyuan
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April 10, 2017, 11:13:25 AM
 #334

Great! I hope the coin will alive for a long time !
Zeehenk
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April 10, 2017, 08:19:16 PM
 #335

Are there any exchanges where we can vote to get the coin listed...?

major_coiner
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April 10, 2017, 09:10:23 PM
 #336

Hi guys,
Yesterday I applied to get added to poswallet.com and there you go, now we are on the voting list, just 999 votes to go Smiley, please everyone vote if you have an account there, one free vote per day
(paying to be on poswallet right now would be pretty expensive as the price of their coin POSW, which you have to spend in order to be added, has risen a lot lately). Patiently voting once a day would be fine for us for the moment.

Spread the word!
iefken
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April 11, 2017, 12:49:10 AM
 #337

Hi guys,
Yesterday I applied to get added to poswallet.com and there you go, now we are on the voting list, just 999 votes to go Smiley, please everyone vote if you have an account there, one free vote per day
(paying to be on poswallet right now would be pretty expensive as the price of their coin POSW, which you have to spend in order to be added, has risen a lot lately). Patiently voting once a day would be fine for us for the moment.

Spread the word!
kudos to you, this coin got the first vote i did on my poswallet :p
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April 11, 2017, 03:30:08 AM
 #338

i hope this coin will be listed on poswallet as soon as possible,,
 Smiley
Impactdev (OP)
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April 11, 2017, 06:44:36 AM
 #339

Hi guys,
Yesterday I applied to get added to poswallet.com and there you go, now we are on the voting list, just 999 votes to go Smiley, please everyone vote if you have an account there, one free vote per day
(paying to be on poswallet right now would be pretty expensive as the price of their coin POSW, which you have to spend in order to be added, has risen a lot lately). Patiently voting once a day would be fine for us for the moment.

Spread the word!
Great! Thx

Lets vote to get IMX listed on poswallet.

https://poswallet.com/addcoin.php
Zeehenk
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April 11, 2017, 07:07:14 AM
 #340

Hey guys. What would be the best way to store my IMX coins? I want to keep a significant amount for later to see what the coin does, but they're all on exchanges now. If I download the desktop wallet, but my PC crashes.... than what? Will my coins be lost?

Cheers!

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