DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[BTCWise]

Hi DNotes. I just wanted to find out what's happening with the staking rewards for this month. According to last months notice we were suppose to receive staking rewards on the 4 June already. Please let us know if everything is still smooth sailing on your end with regards to staking rewards. Please help with some + merit if you found my comment useful

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[wiser]

Hi DNotes. I just wanted to find out what's happening with the staking rewards for this month. According to last months notice we were suppose to receive staking rewards on the 4 June already. Please let us know if everything is still smooth sailing on your end with regards to staking rewards. Please help with some + merit if you found my comment useful

The rewards are tied to specific block numbers, which haven't been reached yet. May 27th was an estimate only. To find out which specific blocks, please go back a few pages where it was posted, or maybe Joe will post it again to make it easier.

[BTCWise]

Hi DNotes. I just wanted to find out what's happening with the staking rewards for this month. According to last months notice we were suppose to receive staking rewards on the 4 June already. Please let us know if everything is still smooth sailing on your end with regards to staking rewards. Please help with some + merit if you found my comment useful

The rewards are tied to specific block numbers, which haven't been reached yet. May 27th was an estimate only. To find out which specific blocks, please go back a few pages where it was posted, or maybe Joe will post it again to make it easier.

Thanks for letting me know wiser. Sounds very technical. I need to start reading up more on proof-of-staking and what blocks are and all the technical jargon. Hopefully we will reach the block number soon. Anxiously waiting for my staking rewards to popup in my Vault

[wiser]

This is the post I was referring to about the CRISP payouts. We are currently on block 90,625, which means the cutoff has been reached but the payout block hasn't yet. So hang in there, everyone!

Hi Amadeus, block 86400 will be the cutoff and block 96480 will be payout. We are currently at block, 79081, so getting close, but the estimate is less than 2 weeks. The CRISP payments will show up in your DNotesVault account immediately after the payout is complete. The payout, as of now, should complete within 1 block, but in the future it could take multiple blocks to complete. Will update the estimates in the FAQ's.

[BTCWise]

This is the post I was referring to about the CRISP payouts. We are currently on block 90,625, which means the cutoff has been reached but the payout block hasn't yet. So hang in there, everyone!

Hi Amadeus, block 86400 will be the cutoff and block 96480 will be payout. We are currently at block, 79081, so getting close, but the estimate is less than 2 weeks. The CRISP payments will show up in your DNotesVault account immediately after the payout is complete. The payout, as of now, should complete within 1 block, but in the future it could take multiple blocks to complete. Will update the estimates in the FAQ's.

Thanks wiser. This is very helpful. Do you perhaps have a link where we can check the blocks in real time? Also, when payout is reached will the blocks reset to zero or will they continue? Appreciate the feedback

[wiser]

Thanks wiser. This is very helpful. Do you perhaps have a link where we can check the blocks in real time? Also, when payout is reached will the blocks reset to zero or will they continue? Appreciate the feedback

Here is where you can check the blocks in real time: https://chainz.cryptoid.info/note/

As an aside, if you wanted to check your address balance without opening up your wallet, simply enter your address in the search bar.

No, they will not reset once payout is reached. They'll just keep counting up into infinity. The only situation I know about where blocks get reset to zero is in a major upgrade such as when DNotes upgraded to version 2.0.

[DNotes]

This is the post I was referring to about the CRISP payouts. We are currently on block 90,625, which means the cutoff has been reached but the payout block hasn't yet. So hang in there, everyone!

Hi Amadeus, block 86400 will be the cutoff and block 96480 will be payout. We are currently at block, 79081, so getting close, but the estimate is less than 2 weeks. The CRISP payments will show up in your DNotesVault account immediately after the payout is complete. The payout, as of now, should complete within 1 block, but in the future it could take multiple blocks to complete. Will update the estimates in the FAQ's.

Thanks wiser. This is very helpful. Do you perhaps have a link where we can check the blocks in real time? Also, when payout is reached will the blocks reset to zero or will they continue? Appreciate the feedback

Appreciate the responses wiser!

You can check the current block here at any time:
https://chainz.cryptoid.info/note/

Every 43,200 blocks is the cutoff for CRISP reward, then 10,080+ blocks later is the payout.

The first one didn't count. The second cutoff is 86,400 (43,200 x 2), and the payout will be 96,480 ((43,200 x 2) + 10,080), which will happen in about 4 days.

[BTCWise]

This is the post I was referring to about the CRISP payouts. We are currently on block 90,625, which means the cutoff has been reached but the payout block hasn't yet. So hang in there, everyone!

Hi Amadeus, block 86400 will be the cutoff and block 96480 will be payout. We are currently at block, 79081, so getting close, but the estimate is less than 2 weeks. The CRISP payments will show up in your DNotesVault account immediately after the payout is complete. The payout, as of now, should complete within 1 block, but in the future it could take multiple blocks to complete. Will update the estimates in the FAQ's.

Thanks wiser. This is very helpful. Do you perhaps have a link where we can check the blocks in real time? Also, when payout is reached will the blocks reset to zero or will they continue? Appreciate the feedback

Appreciate the responses wiser!

You can check the current block here at any time:
https://chainz.cryptoid.info/note/

Every 43,200 blocks is the cutoff for CRISP reward, then 10,080+ blocks later is the payout.

The first one didn't count. The second cutoff is 86,400 (43,200 x 2), and the payout will be 96,480 ((43,200 x 2) + 10,080), which will happen in about 4 days.

Nice! Thanks for sharing the link DNotes and thanks Wiser for your feedback as well. URL bookmarked for later use

[Hailey3958]

As what I know, I think that we should not  purchase from YoBit at this time, they are exchanging DNotes 1.x. If the coins they are selling were mined after April 16th, they will not be eligible for the swap.

[wiser]

Here's another URL to bookmark: https://docs.google.com/spreadsheets/d/1-2YSW6TYGaonbuFbIN7N61J9muuaPBV0Xuevz-1URqU/edit?usp=sharing

This is a spreadsheet I worked up which shows the cutoff and payout blocks for the next 200 periods or so. I've highlighted the first cutoff block in blue because we've reached it and the idea is I'll highlight the ones we've reached, but I'm making no guarantees that I'll actually keep up with it. But at any time you can look up the block we're on, and see how how many blocks we are away from the next cutoff or payout.

[BTCWise]

Here's another URL to bookmark: https://docs.google.com/spreadsheets/d/1-2YSW6TYGaonbuFbIN7N61J9muuaPBV0Xuevz-1URqU/edit?usp=sharing

This is a spreadsheet I worked up which shows the cutoff and payout blocks for the next 200 periods or so. I've highlighted the first cutoff block in blue because we've reached it and the idea is I'll highlight the ones we've reached, but I'm making no guarantees that I'll actually keep up with it. But at any time you can look up the block we're on, and see how how many blocks we are away from the next cutoff or payout.

Thanks wiser. This should definitely help to know on which block to expect payout. I will bookmark but I will also make one for myself just in case you decide not to keep up with it. I will following your patter and the information provided by DNotes in the previous comment. Appreciate the work you've put into the spreadsheet

[lashd08127hh]

Well,I see thatwe  do not cater to the winning lottery ticket mentality type of investor. Instead we cater to the investor who appreciates vision, fundamental value, and the strategic approaches that are required to win.

[wiser]

Thanks wiser. This should definitely help to know on which block to expect payout. I will bookmark but I will also make one for myself just in case you decide not to keep up with it. I will following your patter and the information provided by DNotes in the previous comment. Appreciate the work you've put into the spreadsheet

It took all of five minutes. You just need to enter the first (really, second) cutoff and payout blocks) and then you just add 43,200 to each one to get the next blocks.

[MECHETO]

I dont know but i steal didnt receve any crisp yet from vaut account, my coins are there more then 50 days.
Transaction are realy slow now i send some coins from my vaut account 20 hours ago and steal wayting them.
p.s sorry for my bat English. I hope the team fix this asap .thanks in advance

[DNotes]

I dont know but i steal didnt receve any crisp yet from vaut account, my coins are there more then 50 days.
Transaction are realy slow now i send some coins from my vaut account 20 hours ago and steal wayting them.
p.s sorry for my bat English. I hope the team fix this asap .thanks in advance

Hi Mecheto, all withdrawals from the DNotesVault take 24-48 hours to process as we use a cold storage system to store coins for our users. Unlike an exchange or hot wallet where transactions are near instant. The DNotesVault is meant for long term secure storage.

The first CRISP doesn't count as all coins were moved during the CRISP period, disqualifying them from CRISP reward. If you have kept your DNotes in the same address for the second CRISP period, you can expect a CRISP payment in about 4 days.

[DNotes]

As what I know, I think that we should not  purchase from YoBit at this time, they are exchanging DNotes 1.x. If the coins they are selling were mined after April 16th, they will not be eligible for the swap.

Hi Hailey 3958, that is correct, the exchanges trading DNotes 2.0 currently are:
https://www.nlexch.com/markets/notebtc
https://bitebtc.com/trade/note_btc
https://stocks.exchange/trade/NOTE/BTC

[DNotes]

Well,I see thatwe  do not cater to the winning lottery ticket mentality type of investor. Instead we cater to the investor who appreciates vision, fundamental value, and the strategic approaches that are required to win.

Thanks lashd08127hh, that is correct DNotes vision is a long term vision and we are looking forward to drive DNotes to mass adoption as an inclusive digital currency for the benefit of everyone.

[DNotes]

DNotes 2.0 Frequently Asked Questions:

Q: What is new with DNotes 2.0?

A: DNotes 2.0 is a major improvement on the original DNotes blockchain. The new blockchain will allow DNotes and its partner company DNotes Global to achieve its objective to connect DNotes to the modern world of finance and commerce. The new blockchain is faster, more secure, and consumes only a fraction of the electricity. It also allows custom invoices to be created and attached to transactions, and changes the economic incentives of the network to one that encourages savings with the switch to the Proof-Of-Stake algorithm, and paying 0.5% interest on balances that haven’t moved from a wallet address in a 30 day period (~6% per annum).

Specifications

POS
2% Annualized Staking Reward
Individual blocks reward will be Current Total Coins / 525,600 * 0.02
60 Second Block Target
0.005 Transaction Fee
Source: https://github.com/DNotesCoin/DNotes2.0
Download Wallet: http://dnotescoin.com/#Download
Directory DNotes2 (C:\Users\USERNAME\AppData\Roaming\DNotes2 on Windows)
CONF dnotes.conf (all lower case)

DNotes 2.0 Features
Switch to PoS
CRISP Reward - 0.5% interest every 30 days. Awarded by address. Calculated on a 30 day cycle.
Automated Invoicing (First Phase) - Integrated blockchain invoice number

There will be a soft deadline where DNotes mined after that block will not be redeemable for 2.0 coins:
4/16/2018
Block# 2180897
133,574,552 Will be the total swappable amount of DNotes we create
+20,000,000 Allocated to DNotes Global, Inc for Development & Growth Fund
153,574,552 Total DNotes 2.0 Created

The next update (TBD) will include:
Deferred Staking

Q: How do I swap my coins? (after April 16th)

A: Please fill out the following form: https://goo.gl/forms/LdCjgAP7gaio1lVk2

We will be performing post April 16th swap investigations beginning May 16th. Please do not send your DNotes anywhere after April 16th unless it is your own desktop wallet.

Please note DNotes v1.x mined or purchased after April 16, 2018 will not be eligible for the swap.

Q: I have a paper wallet. How do I turn them into the new coins?

A: You will need to download the DNotes v1.2 software (email us at contact@dnotescoin.com), and then use the importprivkey command in the debug console.

https://bitcoin.stackexchange.com/questions/5941/how-do-i-import-a-private-key-into-bitcoin-core

Once your wallet is updated, you will be able to send out your DNotes.

Q: What is the cutoff date for mined DNotes that can be swapped to the new DNotes blockchain?

A: We have set April 16th as the soft deadline. No DNotes mined after this date will be eligible to be swapped to DNotes running on the new blockchain. We will continue swap DNotes after that date, however the process will not be as easy and will take more time. Any DNotes 1.x purchased on exchanges after the 16th will not be eligible for the swap.

Q: Will DNotes 2.0 be listed on new exchanges?

We are currently listed on:
https://www.nlexch.com/markets/notebtc
https://bitebtc.com/trade/note_btc
https://stocks.exchange/trade/NOTE/BTC

We are actively working with and in active communication:
https://www.coinexchange.io
https://mercatox.com
These two exchanges are established and currently trading. We are hoping to reach an agreement soon so that DNotes can be listed shortly.

Beta or Future Exchanges we are working with:
https://www.cryptaldash.com/
https://www.listex.io/
https://blockbid.io/
https://shardax.com/

Q: Are the new DNotes 2.0 coins worth the same as the old coins?

A: Yes, they are worth exactly the same. However we can not predict what price movements will occur at exchanges once DNotes is relisted using the new coins.

Q: I have Mac or Specific Linux OS, will there be wallets for these?  

A: Yes!
We currently have Windows / Mac / Linux Mint / Ubuntu Desktop wallets at DNotesCoin.com. If you need something else, please let us know.

Q: Where is the block explorer?

A: https://chainz.cryptoid.info/note/

Q: I am trying to swap my coins from Cryptopia and I am getting Invalid Address

A: That address which begins with an "S" is your new DNotes 2.0 address and your coins on Cryptopia currently are DNotes 1.x. If you like to participate in the coin swap, you can click on the "HISTORIC" tab in your DNotesVault account, create an address, and deposit to that address which begins with a "D". We will take care of the rest, and swap your DNotes for you within a few days.

If you have any other queries, please email contact@dnotescoin.com



Staking

Q: What is Staking?

A: Staking your coins helps to support the DNotes network, and the network currently pays out roughly 5 DNotes every minute to one address on the network based on a probability that centers on how many coins the user is staking with as a percentage of the total number of coins being staked on the network. The DNotes network pays out ~2% of the total number of coins per annum. If 100% of DNotes were being used to stake on the network, then by probability each user could expect 2% growth in the number of coins they have. If only 50% of coins are used to stake, then those users could expect approximately 4% growth that year.

Q: Can I stake my coins on the DNotesVault?

A: You cannot currently stake your coins that are on the DNotesVault, you will need to withdraw your DNotes 2.0 to a local wallet and stake your coins from your local wallet. We will in a future release incorporate cold staking, which will allow you stake your coins while they are safely tucked away inside the DNotesVault. However, we do not have an ETA, it will be one of our highest priorities for next upgrades.

Q: How do I stake?

Disclaimer: It is recommended that you properly secure your computer and wallet, as well as make proper backups, before attempting to run your own staking wallet. Failure to properly secure your DNotes may result in loss or theft. If you are not familiar with the process, please start off small and familiarize yourself with the process.

You will need to download the DNotes QT wallet here: https://github.com/DNotesCoin/DNotes2.0/releases/tag/v2.0.0.0

Install the wallet (and we recommend creating a backup)
Go to settings, and then ‘encrypt wallet’. Enter your password twice (and do NOT forget it, or you will not be able to access the wallet and we can not help you).
Go to settings, and then ‘unlock wallet’, enter your password, and select “for staking only”. This will prevent any transfers from being made from your wallet without the password while you stake your coins.
Soon the arrow at the bottom will turn green. This means that your coins are now staking.
   
   You can watch a video of these steps here from our alpha release here:
   https://www.youtube.com/watch?v=2w9r2LoXM6c

Q: How do I get the most out of my staking efforts?

A: There is no trick to staking efficiently. The factors involved are your coin weight versus the network coin weight and coin weight is the number of coins currently staking. The age does not matter, nor does how you divide or move your coins around.

Q: How much can I earn staking?

A: That depends on how many coins you are staking and how many coins are being staked on the network. The blockchain distributes Current Total Coins / 525,600 * 0.02 every block, or every 60 seconds. You may calculate how often you are chosen to receive the block reward by dividing your network weight verse your weight. If network weight is 100, and your weight is 5, then you would be chosen for block reward 5 blocks out of every 100.



CRISP

Q: Can I get CRISP reward AND stake at the same time?

A: Yes, the system is designed to allow you to receive CRISP on a wallet you are staking

Q: What is the CRISP reward structure?

A: CRISP periods are every 43,200 blocks (30 days). Payments start 10,080 blocks (1 week) from the end of the CRISP period.

Q: What do I need to do to earn CRISP?

A: Keep your coins in the same address for the full CRISP period 30 days, set every 43,200 blocks.

Q: When will I receive CRISP payments?

A: The next payouts are as follows:

May 1 - Ends first CRISP period.
May 8 - Payout starts. (Virtually no one will receive this payout)
June 2 - Ends second CRISP period
June 10 - Payout starts

Roughly.

Q: Do I get CRISP payments at the DNotesVault?

A: Yes! You get CRISP inside the DNotesVault, or at any address you control, such as a Desktop wallet. Though I won't suspect you will be able to get CRISP rewards from the exchanges or other online providers.

Q: Where do the CRISP coins come from?

A: The blockchain, these are newly created coins and have now become part of the new coin distribution, just like the staking reward.

Q: How do I earn the interest reward?

A: Our Cryptocurrency Investment Savings Plan (CRISP) payouts occur approximately once per month. All coins that haven’t moved address during that month period will accrue a 0.5% interest, which compounds to roughly 6.17% per annum. If you move your coins during that time, those coins will not receive the interest for that month.

[DNotes]

Wondering what DNotes is all about? Here’s the basics:

What is DNotes?
•   DNotes is a digital currency with a purpose: to serve as a real currency that people can use in their daily lives - unlike other digital currencies that focus on solving niche problems, with no plan to become a real, usable currency.
•   The DNotes goal is simple: achieve mass adoption and become the world’s first accessible, inclusive, and financially empowering digital currency that benefits everyone around the globe.

What are DNotes’ Benefits as a Currency?
•   DNotes is managed as a business – but not controlled as one.
•   DNotes success is driven by a profit-generating company, DNotes Global, created to promote mass adoption, protect the currency, and ensure sustainable growth.
•   DNotes’ unique CRISP savings program rewards DNotes owners with 0.5% interest, every month
•   DNotes offers staking rewards for stakeholders – at 2% a year.
•   DNotes provides blockchain invoicing features to simplify merchant acceptance and adoption of the digital currency.

What Benefits Does DNotes Global Provide?
DNotes Global protects DNotes and its stakeholders, promotes mass adoption, and creates value and utility for the digital currency, including a fully integrated ecosystem.
The company provides a unique cross-ownership model, with DNotes owning 25% of DNotes Global (pre-dilution), while the for-profit business maintains a stake in the digital currency.
DNotes Global generates profit, creating intrinsic value for the DNotes currency to help create a “floor” for the digital currency’s value.
DNotes Global has plans to build a long-term competitive advantage by offering services that utilize DNotes. That strategy will also help to facilitate awareness and adoption of the DNotes currency.
Long term competitive advantage DNotes Global will provide in offering services that utilize DNotes.

What’s Next?
Fully compliant Reg D 506 (c) crowdfunding followed by a Reg A+ Mini-IPO.
DNotes Payment Solution Integration into Existing eCommerce Platforms
Cold Staking Implementation & More

Where can I learn more?  
Pitch Deck - https://dnotesglobal.com/PitchDeck.pptx
Pitch Deck Video - https://www.youtube.com/watch?v=XculeWKdbbE
White Paper - https://dnotesglobal.com/white-paper/
Website - http://dnotescoin.com/
Blog - http://dnotescoin.com/blog-main-hub/

[Dyna]

Well,I see thatwe  do not cater to the winning lottery ticket mentality type of investor. Instead we cater to the investor who appreciates vision, fundamental value, and the strategic approaches that are required to win.

Thanks lashd08127hh, that is correct DNotes vision is a long term vision and we are looking forward to drive DNotes to mass adoption as an inclusive digital currency for the benefit of everyone.

Quote:

“Well, I see that we do not cater to the winning lottery ticket mentality type of investor. Instead we cater to the investor who appreciates vision, fundamental value, and the strategic approaches that are required to win.” Lashdo8127hh

Thank you, Lashdo8127hh. This is one of the best descriptions of what DNotes is about.

DNotes is not meant for short-term speculation or for someone going all in for a craze gamble. Instead, it is established to fulfill a vision that strives for mass adoption of DNotes as an inclusive trusted digital currency in global commerce.

DNotes is more suitable for investors interested in accumulating for the long-term. DNotesVault and CRISPs are specifically designed to facilitate and promote that philosophy. When discovered, DNotes is the ideal candidate for the consideration of long-term professional investors and fund managers looking to add to their high risk/high return component to maintain a balanced investment portfolio. That will help contribute to currency stability.

Trust, integrity, and great customer experience are the keys to our continued success. This is a very serious commitment that can not be easily replicated. It will clearly differentiate DNotes from its industry peers, in an increasingly crowded market.

This is a winning strategy that will propel DNotes to be the cream of the crop one day. That takes a clearly articulated vision with a strategically defined path backed by fundamental value to solve the problem of the lack of intrinsic value – a norm, rather the exception of other coins. DNotes is the exception. That is another contributor to the DNotes’ difference.