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

[fuzzyd]

A quick question - for those DAY issued that were in fact YESTERDAYs is their a need to update the the MEW token or will they automatically be shown as YESTERDAY?

[dhumich]

A quick question - for those DAY issued that were in fact YESTERDAYs is their a need to update the the MEW token or will they automatically be shown as YESTERDAY?

Quote from: chichidori on September 21, 2017, 06:25:37 AM
For people who is still in question on how to change the Old Day token Yesterday here is the contract address of each token, to change theticker of the OLD they here is what you do.

1. Open Mew Look for the negative sign right next to the old Day token which was distributed on 15-16 day of sep. and change it to this.

Contract address : 0x7268f9c2bc9c9e65b4a16888cb5672531ce8e945
Name/Ticker : YESTERDAY
Decimal : 18

2. For the New DAY token that was distributed sep. 19 onwards here is the contract address to input in MEW.

Contract address : 0xE814aeE960a85208C3dB542C53E7D4a6C8D5f60F
Name/Ticker : DAY
Decimal : 18

Hope i did help a little. it will take time for etherscan to update the ticker.

[silvestar]

Now it is a ritual for tokens to dropped under ico's price. It is one of the biggest project, it is not correct to compare with it. But now there is no advantage of entering the icos. Invest the money / wait for days, weeks or 1-2 months / at half price, people will take under the half price from ether. And there is a lost time for money when you are waiting.

[kursattekin]

you absolutely right, nearly %90 ico price higher than exchange. Wait for exchange, no lose time, no worry for scam, get more without stress.

[mummybtc]

I'm waiting for the team to start to proof their use case for their platform, this is when the token will start to appreaciate. I think there are so projects now in the space and is very crowded to stand out from the crowd unless the team proof their worth

[HIPERATIVO]

Im confused, i bought day token and time mints on the ICO but what are thoes yesterday tokens ?and why do I have the same amount of YESTERDAY and DAY token

Can someone please explain ?

[jwiz168]

Im confused, i bought day token and time mints on the ICO but what are thoes yesterday tokens ?and why do I have the same amount of YESTERDAY and DAY token

Can someone please explain ?

Just let you know here is what had happened.

The original distribution of Day tokens has incorrect minting percentage. So devs corrected it by defining another smart contract. Thus the original DAY tokens wa renamed YESTERDAY tokens but with only 0.1% -0.05% minting power. The corrected DAY tokens is now the official chronologic tokens.

[tuhadzish]

I have the same  but my balance is showing fine.

[HIPERATIVO]

Im confused, i bought day token and time mints on the ICO but what are thoes yesterday tokens ?and why do I have the same amount of YESTERDAY and DAY token

Can someone please explain ?

Just let you know here is what had happened.

The original distribution of Day tokens has incorrect minting percentage. So devs corrected it by defining another smart contract. Thus the original DAY tokens wa renamed YESTERDAY tokens but with only 0.1% -0.05% minting power. The corrected DAY tokens is now the official chronologic tokens.

Thank you

[Obi-Wan Coinob1]

What is the total coin supply

The answer to your question is very tough because it's based on a couple of assumptions. The precise amount is unknown but a very rough estimate can be given. Skip to ** if you don't follow me or want a quick estimate.

Let's start with what we know:
20278 ETH was raised amongst 3322 participants (including pre-contributors) with a total of  486 693 DAY  (on september 19th 2017).

The average amount of ETH put in per participant is 6.1044 and thus the average amount of DAY tokens per participant is approximately 146.50 DAY.

All those participants also have a TimeMint address and are mining the token with an average of 0.75% per 24 hours (the 'chronopower') in the 1st chrono-era (88 days, ending ~ december 16th 2017).
Disclaimer: for the average 'chronopower' i assume the median (halfway between 0.5 and 1% = 0.75%) for an easier calculation, but i know this is not accurate because the majority of DAY tokens in TimeMints is skewed towards the 1%.

Assuming nobody ever sells any DAY tokens ever, we use https://www.timemints.com to calculate the average amount of DAY that can be mined. Inputs: ethereum initial investment 6.1044 ETH, TimeMint 1667 (half of 3333 total).

From that calculation we see that:
After about 10 chrono-eras (= 2.4 years) the total amount is more or less reached, so i use the corresponding number in the table under the column 'valor final' on the timemints site as the total (= 545.93 DAY).

** The total supply (for 3333 TimeMints after 2.4 years) is thus  1 819 584  DAY

There are a few very important 'buts':
- be advised that the largest increase in token supply regardless of trading will be in the chrono-era we are in right now; with the calculation example i used it would mean the total supply would be 942 439 DAY on december 16th 2017  (an almost 100% increase).
- i have completely disregarded the yesterday token and i assume that one deprecated.
We know that the tokens are being traded obviously:
- if tokens are bought on the market by a person that doesn't own a TimeMint address, they can't self mine. The impact of this scenario on the total supply will be the largest in the 1st chrono-era (now). The total supply will be less than my estimate.
- if tokens are bought on the market by a TimeMint owner with a higher chronopower from another TimeMint owner with a lower chronopower, the total supply will be higher than estimated.
- if tokens are bought on the market by a TimeMint owner with a lower chronopower from another TimeMint owner with a higher chronopower, the total supply will be lower than estimated.

I probably have missed some other possible scenarios, but how the tokenomics of this will play out exactly, we will have to see.

[mummybtc]

What is the total coin supply

The answer to your question is very tough because it's based on a couple of assumptions. The precise amount is unknown but a very rough estimate can be given. Skip to ** if you don't follow me or want a quick estimate.

Let's start with what we know:
20278 ETH was raised amongst 3322 participants (including pre-contributors) with a total of  486 693 DAY  (on september 19th 2017).

The average amount of ETH put in per participant is 6.1044 and thus the average amount of DAY tokens per participant is approximately 146.50 DAY.

All those participants also have a TimeMint address and are mining the token with an average of 0.75% per 24 hours (the 'chronopower') in the 1st chrono-era (88 days, ending ~ december 16th 2017).
Disclaimer: for the average 'chronopower' i assume the median (halfway between 0.5 and 1% = 0.75%) for an easier calculation, but i know this is not accurate because the majority of DAY tokens in TimeMints is skewed towards the 1%.

Assuming nobody ever sells any DAY tokens ever, we use https://www.timemints.com to calculate the average amount of DAY that can be mined. Inputs: ethereum initial investment 6.1044 ETH, TimeMint 1667 (half of 3333 total).

From that calculation we see that:
After about 10 chrono-eras (= 2.4 years) the total amount is more or less reached, so i use the corresponding number in the table under the column 'valor final' on the timemints site as the total (= 545.93 DAY).

** The total supply (for 3333 TimeMints after 2.4 years) is thus  1 819 584  DAY

There are a few very important 'buts':
- be advised that the largest increase in token supply regardless of trading will be in the chrono-era we are in right now; with the calculation example i used it would mean the total supply would be 942 439 DAY on december 16th 2017  (an almost 100% increase).
- i have completely disregarded the yesterday token and i assume that one deprecated.
We know that the tokens are being traded obviously:
- if tokens are bought on the market by a person that doesn't own a TimeMint address, they can't self mine. The impact of this scenario on the total supply will be the largest in the 1st chrono-era (now). The total supply will be less than my estimate.
- if tokens are bought on the market by a TimeMint owner with a higher chronopower from another TimeMint owner with a lower chronopower, the total supply will be higher than estimated.
- if tokens are bought on the market by a TimeMint owner with a lower chronopower from another TimeMint owner with a higher chronopower, the total supply will be lower than estimated.

I probably have missed some other possible scenarios, but how the tokenomics of this will play out exactly, we will have to see.

Are you sure that non- genensis address will not be able to mint this tokens, if true the team should have made it possible to sell genesis address the way Artmine team want to go about their ICO, because this only gives unfair advantage to those genesis address holders

[Obi-Wan Coinob1]

Are you sure that non- genensis address will not be able to mint this tokens, if true the team should have made it possible to sell genesis address the way Artmine team want to go about their ICO, because this only gives unfair advantage to those genesis address holders

Yes, i'm sure.

But, as you can read in the whitepaper https://chronologic.network/uploads/Chronologic_Whitepaper.pdf on page 12, there will be a function (soon live i hope?) called 'TimeTx' where a TimeMint (what you refer to as a 'genesis address') can be transferred to a buyer.

As you can read on that page, the seller needs to bring in 8888 DAY (which will be returned to the seller after the sale) for this to work.
To come up with 8888 DAY at this moment, assuming the ico price and being an average timemint owner (let's say having ~ 150 DAY so far), the seller has to first buy ~ $100 000 worth of DAY on the market. After the sale of the TimeMint, what is the seller going to do? Well, i assume most will not just hold on to the 8888 DAY (+ x amount of DAY as the purchase price by the buyer) but sell it back to the market for ETH/BTC/USD(T). Because why sell it in the first place if you're not going to convert it to a currency?

So while this function might go live before this year is out, it will probably not be used until a later chrono-era when there has been enough tokens mined and on the market so when someone is searching for a few thousand tokens, it might be feasible without pumping the token price sky high.

This is how I understand it to be, but if a ChronoLogic team member reads this, please do comment! thanks.

[xzbit]

Yo Dawg I heard you like daytrading, so I created a DAY token so you can DAY trade while you daytrade!

[marcelocoin]

Congratulations for the project, price is at a good level to start the project, I believe that in a few months will be a well known currency. Excellent to see ChronoLogic in Coinmarketcap to visualize its future and volumes. Good job!

[|Admiral|]

Selling 267 DAY tokens for btc.
https://bitcointalk.org/index.php?topic=2206759.msg22216627#msg22216627

[axelR]

For people who is still in question on how to change the Old Day token Yesterday here is the contract address of each token, to change theticker of the OLD they here is what you do.

1. Open Mew Look for the negative sign right next to the old Day token which was distributed on 15-16 day of sep. and change it to this.

Contract address : 0x7268f9c2bc9c9e65b4a16888cb5672531ce8e945
Name/Ticker : YESTERDAY
Decimal : 18

2. For the New DAY token that was distributed sep. 19 onwards here is the contract address to input in MEW.

Contract address : 0xE814aeE960a85208C3dB542C53E7D4a6C8D5f60F
Name/Ticker : DAY
Decimal : 18

Hope i did help a little. it will take time for etherscan to update the ticker.

Many thanks for this

[cryptoholic11]

If timemints are mining 10coins a day, what would prevent holders from dumping such easy money

[Rijakolus]

If timemints are mining 10coins a day, what would prevent holders from dumping such easy money

Well this is the beginning... after 88 days there will be less coins and after another 88 days,,, even less so.. It was the same thing when BTC started... it was very easy to mine

[silvestar]

It already exceed 4 million dollar. We have not heard the name of the project until today. I'm searching it now. I'm thinking to invest.  The ones who joined to ICO, they throw 15-20 ether, I think they will make hardcap.

[amintek15]

It already exceed 4 million dollar. We have not heard the name of the project until today. I'm searching it now. I'm thinking to invest.  The ones who joined to ICO, they throw 15-20 ether, I think they will make hardcap.

If you want to buy actually DAY token is far below the ICO price on etherdelta, and even cheaper than with ou bonus from minting