[ANN]ChronoLogic - Proof-of-Time token on Ethereum

[molitar]

What type of wallet can you use to mine the tokens?

What is your ETH address that will self-mine DAY tokens

Can I use Poloniex or Coinbase?  If so do I use the deposit address?  If not how about web wallets like myethwallet as an example?  I really prefer to avoid running local ethwallet as I had my email hacked and coins stolen last year.  Now I prefer to use sites that have 2FA for my coins.

[ChronoLogic]

What type of wallet can you use to mine the tokens?

What is your ETH address that will self-mine DAY tokens

Can I use Poloniex or Coinbase?  If so do I use the deposit address?  If not how about web wallets like myethwallet as an example?  I really prefer to avoid running local ethwallet as I had my email hacked and coins stolen last year.  Now I prefer to use sites that have 2FA for my coins.

You need to own an address on which you own the private key,  which is tied to your TimeMint that will generate DAY tokens for you.
You do not own private key on exchanges generally, so this isn't a viable option.

Myetherwallet is fine as it does exactly that : You own the key and can use all the functionnality of an Eth smart contract.
Your tokens will be minted in your own address.

[tayrey]

Can I still purchase more with pre contribution thingy ?

[ChronoLogic]

Can I still purchase more with pre contribution thingy ?

Yes, It's still open.

[jwiz168]

Timemint will become valuable as the project goes on. There are a lot of real-world applications that consider time as one of the elements needed for a system to work be it online or not.

[dimatu]

Great project, iam very happy to be involved with it !

[bikers online]

A new project with an interesting concept, I think this project will soon be glimpsed by many investors, hopefully his dev seriously to develop this project can be successful in the future

[nelson4lov]

Several Concepts of the project is saying something about Chronobank. So I'd like to ask If Chronlogic is a subsidiary of Chronobank or if it has any connection to the Chronobank project ?

[MoneyJ]

An interesting project that involves time . We all know that time cannot be reverse or take it back. If you wasted time , you cant take it back unlike money. So time is precious and I really want this project to be supported.

[ChronoLogic]

No connection to ChronoBank at all.

Several Concepts of the project is saying something about Chronobank. So I'd like to ask If Chronlogic is a subsidiary of Chronobank or if it has any connection to the Chronobank project ?

[Rjs1956]

Hello ChronoLogic Team,

in one of your previous posts you told us, that we need to own an address on which we own the private key,  which is tied to our TimeMint that will generate DAY tokens for us.

On Myetherwallet they suggest to use a hardware wallet like Ledger Nano S or TREZOR.

Is it possible to use these kind of hardware wallets to self mine Day Tokens?
Are there any peculiarities that I have to take into consideration if doing so?

Thanks a lot for your help!

[Porfirii]

ANN Thread now available in Spanish too: https://bitcointalk.org/index.php?topic=2074619.0

 

[jwiz168]

From the chronologic official slack channel devs and enthusiasts are discussing about TimeMint if it had a rate of 1% it will about to produce DAY tokens on daily basis. I recently did a spreadsheet calculation of compounding interest and the results were promising.

[dimatu]

From the chronologic official slack channel devs and enthusiasts are discussing about TimeMint if it had a rate of 1% it will about to produce DAY tokens on daily basis. I recently did an spreadsheet calculation of compounding interest and the results were promising.

Yes I did that too, i like what I see, i like full timemint )

[ChronoLogic]

Hello ChronoLogic Team,

in one of your previous posts you told us, that we need to own an address on which we own the private key,  which is tied to our TimeMint that will generate DAY tokens for us.

On Myetherwallet they suggest to use a hardware wallet like Ledger Nano S or TREZOR.

Is it possible to use these kind of hardware wallets to self mine Day Tokens?
Are there any peculiarities that I have to take into consideration if doing so?

Thanks a lot for your help!

Since you can import your ledger / Trezor keys in wallets such as myetherwallet, there should be no problem to do so.
As long as the ETH address you participate with that is tied to your TimeMint is in your possesion (private key), and is the ledger /trezor addess.

[amintek15]

Hello, I can't wait the ICO it can be verry usefull in the future imo ! awesome idea !

However I still don't understand everything..:

first question: if I buy for example 1000 DAYs and my chronopower is 0,5%, that means if I hold this 1000 DAYs on my eth wallet I will receive 5 tokens /day right ? and If I immediately sell 500DAYs I will continue to receive half of this tokens wich means 2,5 tokens /day right ?


second question: If someone buys DAYs tokens on exchange, if he want to hold them to receive more days he will need to buy some TimeMint from someone to be linked with it right ??

Thanks for response !

[ChronoLogic]

Hello, I can't wait the ICO it can be verry usefull in the future imo ! awesome idea !

However I still don't understand everything..:

first question: if I buy for example 1000 DAYs and my chronopower is 0,5%, that means if I hold this 1000 DAYs on my eth wallet I will receive 5 tokens /day right ? and If I immediately sell 500DAYs I will continue to receive half of this tokens wich means 2,5 tokens /day right ?


second question: If someone buys DAYs tokens on exchange, if he want to hold them to receive more days he will need to buy some TimeMint from someone to be linked with it right ??

Thanks for response !

First question :

In your first example, you got it right, but obviously it is also dependant of ChronoPower which will halves every 88 days.

Second question :

Yes, if the person wants to use the benefits from TimeMints, he will need to get a TimeMint, or be able to use a TimeMint a way or another at least.

[amintek15]

Hello, I can't wait the ICO it can be verry usefull in the future imo ! awesome idea !

However I still don't understand everything..:

first question: if I buy for example 1000 DAYs and my chronopower is 0,5%, that means if I hold this 1000 DAYs on my eth wallet I will receive 5 tokens /day right ? and If I immediately sell 500DAYs I will continue to receive half of this tokens wich means 2,5 tokens /day right ?


second question: If someone buys DAYs tokens on exchange, if he want to hold them to receive more days he will need to buy some TimeMint from someone to be linked with it right ??

Thanks for response !

First question :

In your first example, you got it right, but obviously it is also dependant of ChronoPower which will halves every 88 days.

Second question :

Yes, if the person wants to use the benefits from TimeMints, he will need to get a TimeMint, or be able to use a TimeMint a way or another at least.

okk thanks ! also ppl who got 1% chronopower can just hold their tokens and even when their power is halve they will still earn the same amount of tokens since after first period of holding they should have 2x more tokens than initially bought. thats makes things clear ! next step: getting max chronopower ! ^^

[inashed]

One question, if having a timemint give you X coins per day, based at chronopower, halving rule and amount of coins you have, how the mining (the security one, not the "more coins created or distributed" one)  is done?

[Kishan748]

I think project has unique idea and it all depends on how you can execute it and start making it reality