minereum_investor1
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Activity: 110
Merit: 10
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August 03, 2017, 07:08:51 PM |
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Genesis holders are actually in a unique position. They won’t be asked to create batches to have a stake in new projects. Instead, their remaining batches will automatically convert using the current batch amount or a conversion ratio. They get to keep their TME batches for creation later, and they get a stake in new projects.
Thank you Dev for your effort to keep things clear, although one question remains in my mind. When you say our remaining batches will automatically convert into the new currency using the current batch amount / conversion ratio, does that mean we need to create from now one batch of TME at least? Does it mean we wouldn't be able to get TME anymore when creating a new batch once the next currency is released?  That said, I assume you already answered my question when I read this "Allowing produced batches of TME to be converted into holdings of new projects, and burning TME used for conversion is one way to increase the value per TME. This will further benefit genesis holders." Just want to be sure. Thank you. |
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TimereumDev (OP)
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August 03, 2017, 07:16:01 PM |
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Genesis holders are actually in a unique position. They won’t be asked to create batches to have a stake in new projects. Instead, their remaining batches will automatically convert using the current batch amount or a conversion ratio. They get to keep their TME batches for creation later, and they get a stake in new projects.
Thank you Dev for your effort to keep things clear, although one question remains in my mind. When you say our remaining batches will automatically convert into the new currency using the current batch amount / conversion ratio, does that mean we need to create from now one batch of TME at least? Does it mean we wouldn't be able to get TME anymore when creating a new batch once the next currency is released? Thank you. No. Your uncreated TME will be recognised, new holdings in another project will be created, and your uncreated TME will still be available to you for batch creation whenever you want. Does it mean we wouldn't be able to get TME anymore when creating a new batch once the next currency is released? No. |
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minereum_investor1
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Activity: 110
Merit: 10
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August 03, 2017, 07:21:06 PM |
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Was feeling a bit confused, thank you very much Dev  Always fast replies, I wish every dev out there was as efficient and clear as you are. |
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KGBx
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August 03, 2017, 07:24:38 PM |
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I like the plan a lot!
I think we need to try to use this option.
"Novaexchange: .1 BTC + 250 votes, or 1 BTC"
I will try to donate a bit of BTC too so there will be 0.1 BTC for listing. We will get 250 votes really fast I guess.
Also you should list ETH address for TME donations too. I will donate 1 or 2 batches from my address pairs!
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menace.bit
Sr. Member
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Activity: 457
Merit: 250
Generation Blockchain.
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August 03, 2017, 07:25:28 PM |
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What is a use case that this will be used for? And the idea of manual mining - what is that? Isn't crypto mining blocks require a lot of processing power. And now donit manually?
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Coiner_
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August 03, 2017, 07:27:56 PM |
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This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME, will it go through?
Hi Coiner, you need a little bit of ETH on your account. Because if you want to run a transaction on the Ethereum network, Gas is required. You can learn more about Gas and transaction costs here.
I just did that a few seconds before you posted. It took a while but I found the instructions on page 54.
I got 1 TME in my child address. I'm guessing I should send it to my parent address, right?
Yes, send any none zero amount (.001) to your parent address, do not send 1 full TME. Yes you have to send it from child to parent address any non-0 amount of TME to mine TME. The longer you wait to mine you will get more TME
This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME, will it go through?
No. you cannot send tokens without have a ETH balance. Just buy some ETH from exchanges.Tokens cost gas to send
I just did that a few seconds before you posted. It took a while but I found the instructions on page 54.
I got 1 TME in my child address. I'm guessing I should send it to my parent address, right?
Yes, send any none zero amount (.001) to your parent address, do not send 1 full TME. Yes you have to send it from child to parent address any non-0 amount of TME to mine TME. The longer you wait to mine you will get more TME
This is probably a very, very noob question but my Eth balance is 0 (on both addresses) and I'm seeing this thing called "Gas Limit". I want to send 0.001 TME and I'm worried I'm missing something, will the transfer go through? You will need to send some ETH to your child address to cover the transaction fee. You can buy some ETH on an exchange if you do not have any. I see. Thanks Any chance you guys happen to know any Ethereum faucets on the level of Freebitcoin and Moonbitcoin? |
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JHB3
Full Member
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Activity: 420
Merit: 100
ELIXIR TOKEN
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August 03, 2017, 07:34:51 PM
Last edit: August 03, 2017, 07:59:31 PM by JHB3 |
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What is the goal amount for contributions being raised in order to get TME listed?
Here are some priorities for exchanges:
Novaexchange: .1 BTC + 250 votes, or 1 BTC
Cyptopia: 400000 DOT (about 1.14 BTC)
Livecoin: 3 BTC
We should put TME on as many of those as possible. Many more donations are needed, but I’m sure the community can come together to support TME.
Is everything explained in the white paper completely irrelevant now, and can be seen only as a jumping off point for something completely new?
The white paper lays the conceptual groundwork for manual mining. The address pairing and manual generation are concepts used in the lending service. As far as a jumping point goes, I’ll touch on that in my answer to your next question.
Is it correct to say that the so called genesis tokens that airdrop recipients are holding, have no function at all going forward except as a possible exchange token for the next token?
The advantages of being a genesis holder were very clear, and on that basis, a decent community base has formed. Now, it's quite unclear what our stake in this is going forward - except there will be some advantage, which may be the ability to exchange TME for the new currency. Is it possible to share a little more clearly, the advantages that genesis pair holders stand to gain by supporting this project, contributing financially, spreading the word etc.?
This next project will be the beginning of many projects. TME holdings will be used as a gateway into holdings of future projects. Since this project has gotten a lot of attention, I don’t plan to do any more airdrops.
There are a lot of unexplored areas I’d like to look into, both within the financial sector and outside of it.
For example, in early to middle August, I may begin discussions with at least one company to see what smart contract applications would be advantageous in their sector. TME holders would be able to have a stake in that project as well. It’s too early for me to give more information about that. I may decide that focusing on the lending service will be advantageous to the Timereum Project, or that branching out simultaneously is best. Don’t consider this a dead end for TME, but rather a beginning.
Genesis holders are actually in a unique position. They won’t be asked to create batches to have a stake in new projects. Instead, their remaining batches will automatically convert using the current batch amount or a conversion ratio. They get to keep their TME batches for creation later, and they get a stake in new projects.
From the Roadmap:
"Owning timereum will be advantageous when this new currency is re- leased. Most likely, timereum will convert or directly translate to this new currency. Address pair holders should not feel the need to create timereum batches prematurely."
TimereumDev:This is a new currency, but TME ownership will determine holdings in this new currency. Conversion of TME to this new currency is also one way to reduce TME inflation. TME may also be used to determine holdings in future projects as well.
Can you explain what this means "conversion of TME to this new currency is also one way to reduce TME inflation”?
Allowing produced batches of TME to be converted into holdings of new projects, and burning TME used for conversion is one way to increase the value per TME. This will further benefit genesis holders.
Great news, really looking forward to the future of this project.As thang ling already said, just do it like you did it in the past and you will have a huge amount of attention, which will steadily increase. Good on you dev.
Exploring the possibilities AND be communicative about it will keep attention focussed.
Thx for sharing and good luck with the talks!
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JustMissed
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August 03, 2017, 08:24:12 PM |
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Had some time to play around a little bit with another logo idea. I know dev mentioned the slight chance of getting a professional to make the logo, but here it is anyways.  |
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BMG86
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August 03, 2017, 09:31:33 PM |
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Had some time to play around a little bit with another logo idea. I know dev mentioned the slight chance of getting a professional to make the logo, but here it is anyways. Great job! I really like it! I think it's your best one so far! I really like what you did with the colors too! |
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Ultra777
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August 03, 2017, 10:15:03 PM |
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I'm very glad to see clear plans here. As a genesis holder, I will try to donate some BTC and will vote on nova 100%. With active and fulltime dedicated dev this project can beat Minerium |
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jacaf01
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August 04, 2017, 04:42:58 AM |
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Had some time to play around a little bit with another logo idea. I know dev mentioned the slight chance of getting a professional to make the logo, but here it is anyways. Nice work, the logo is nice, but it all depend on the team if they like the logo. Is there a logo contest so that I can vote for you or this is just to support the project with no string attached |
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georgehuang
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August 04, 2017, 05:18:54 AM |
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so i just need send TME to the parent address ,and it mine the TME to the parent address?
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georgehuang
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August 04, 2017, 05:34:31 AM |
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i try to send 0.1 TME1 to parent address .but it's failed . why ?
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passivebesiege
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August 04, 2017, 06:02:51 AM |
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Yes it will automatically generated to the child address as I understand you need to send the TME to parent then sent it back to child then it's automatically mine on your child address after . |
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AlexSimion
Full Member
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Activity: 1078
Merit: 210
★Bitvest.io★ Play Plinko or Invest!
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August 04, 2017, 06:28:38 AM |
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Yes it will automatically generated to the child address as I understand you need to send the TME to parent then sent it back to child then it's automatically mine on your child address after . You just need to send Tme from your child address to your parent address , and coins will automatically be generated in your child address. Please stop spaming this thread with the same questions over and over again , tutorials have been made , explanations have been given too many times for something simple , I am following this thread to have news on the development update , so before you start asking the same thing 1000 times read a little please , thank you. |
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rmyg5907
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August 04, 2017, 06:34:23 AM |
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i try to send 0.1 TME1 to parent address .but it's failed . why ?
have you any ETH in the child address? send TME to the parent address need some gas as fee |
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10000usdperbtc
Legendary
Offline
Activity: 980
Merit: 1000
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August 04, 2017, 07:24:01 AM
Last edit: August 04, 2017, 07:40:47 AM by 10000usdperbtc |
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Hey, bittrex only need 3 btc, we should first consider it. It is a big market.
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passivebesiege
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August 04, 2017, 07:33:03 AM |
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i try to send 0.1 TME1 to parent address .but it's failed . why ?
have you any ETH in the child address? send TME to the parent address need some gas as fee yes you also need ETH balance for the gas. |
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housebtc
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August 04, 2017, 08:35:14 AM |
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i try to send 0.1 TME1 to parent address .but it's failed . why ?
I want to ask if there is any minimum TME one can send to the parent address for mining, I see 1TME token in my account, do I need to send this 1 TME token to the parent address or I need to send part of it to mine TME tokens |
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