THREAD CLOSED

[beginneraf]

Bounty received.. thanks cif as always

Have they already started to reward CIF coins for bounty works? Or is cuenzy talking about the airdrop? Also, I'm kind of new to the cryptoworld. What will staking do? Is 50 CIF enough for it to be staked? Thanks in advance

[1715145489]

1715145489

[CIF]

Bounty received.. thanks cif as always

Have they already started to reward CIF coins for bounty works? Or is cuenzy talking about the airdrop? Also, I'm kind of new to the cryptoworld. What will staking do? Is 50 CIF enough for it to be staked? Thanks in advance

Hi Begginer, so far we've just done airdrop not the bounty. We had a short contest to retweet a meme however that's over now (we'll have more contests soon). Staking automatically generates a certain amount of 'interest' by holding the coin in your wallet and supporting our network. Technically 50 CIF is enough to stake however the staking reward is only 1% so that won't do THAT much (unless the value of CIF exponentially increases) which we're all hoping for in the long run! Staking can add up over time however if you have enough CIF.

[wbqng]

Hi,

Thanks for the aidrop!

Would like to know you could explain how staking works exactly?

I have been trying to understand, reading about it, but I am having a hard time.

Thanks,

AJ

[kamikaza]

Bounty received.. thanks cif as always

Have they already started to reward CIF coins for bounty works? Or is cuenzy talking about the airdrop? Also, I'm kind of new to the cryptoworld. What will staking do? Is 50 CIF enough for it to be staked? Thanks in advance

My advice is to join the ICO, especially the first phase.

[CIF]

Hi,

Thanks for the aidrop!

Would like to know you could explain how staking works exactly?

I have been trying to understand, reading about it, but I am having a hard time.

Thanks,

AJ

PoS Questions for Scott

- I read on the bitcointalk announcement that in order to stake, one needs to have coins in the wallet and have the wallet online for 30 full days before staking occurs. Is this correct?
- If the above is correct, lets say someone has their computer on with wallet open for 8 hours per day 7 days per week, would that mean staking wouldn't occur for three months?
- Let's say I recieve 1000 CIF, during the next 30 days I make numerous small transactions in and out, how does this affect staking once we hit day 30?
- Once a person successfully stakes once, does this reset their coin age back to zero? Does it affect all coins in their wallet, or just particular ones that were successfully staked?
- I'm a big fan of CureCoin which also uses qt wallet and has staking. Their latest version of the wallet shows what my 'network weight' is and how long it will be until I can likely stake again. Will we see something like this in future wallet versions?
- I want to make sure I get the percentages right. I've seen 1% written as the PoS amount, I also saw this on bitcoin talk as being "12% per year". Let's say I have 1000 CIF and keep them in an online wallet for 365 days. Assuming I can stake exactly every 30 days, how much CIF (roughly) will I have at the end of the year?
- A lot of proof of stake systems tend to heavily favor those with massive balances. For example if I hold just 1 CIF, would I still be able to successfully stake every month, even if CIF becomes incredibly popular and my wallet is competing against businesses with wallet holding millions of CIF?
- There's been some talk about master nodes and how they might appear in the future. Platforms like Dash requires a master node operator to own 1000 Dash, or about $300,000 USD worth of currency. If CIF makes use of master nodes in the future, what do you envision as a fair, secure minimum amount of CIF to hold in order to run a master node?

Hi All - concerning the PoS questions - I have some of the answers but I need clarification on some as well so I just sent this over to our devs who will answer each question and then I'll make sure to post the answers back up here shortly.


I'll post answers to everything here but basically - you keep the coins in your wallet - don't touch them and after 30 days they return 1% of your total amount. That's staking in layman's terms however there's not much to it (in terms of what you have to do).

[wbqng]

Hi,

Thanks for the aidrop!

Would like to know you could explain how staking works exactly?

I have been trying to understand, reading about it, but I am having a hard time.

Thanks,

AJ

PoS Questions for Scott

- I read on the bitcointalk announcement that in order to stake, one needs to have coins in the wallet and have the wallet online for 30 full days before staking occurs. Is this correct?
- If the above is correct, lets say someone has their computer on with wallet open for 8 hours per day 7 days per week, would that mean staking wouldn't occur for three months?
- Let's say I recieve 1000 CIF, during the next 30 days I make numerous small transactions in and out, how does this affect staking once we hit day 30?
- Once a person successfully stakes once, does this reset their coin age back to zero? Does it affect all coins in their wallet, or just particular ones that were successfully staked?
- I'm a big fan of CureCoin which also uses qt wallet and has staking. Their latest version of the wallet shows what my 'network weight' is and how long it will be until I can likely stake again. Will we see something like this in future wallet versions?
- I want to make sure I get the percentages right. I've seen 1% written as the PoS amount, I also saw this on bitcoin talk as being "12% per year". Let's say I have 1000 CIF and keep them in an online wallet for 365 days. Assuming I can stake exactly every 30 days, how much CIF (roughly) will I have at the end of the year?
- A lot of proof of stake systems tend to heavily favor those with massive balances. For example if I hold just 1 CIF, would I still be able to successfully stake every month, even if CIF becomes incredibly popular and my wallet is competing against businesses with wallet holding millions of CIF?
- There's been some talk about master nodes and how they might appear in the future. Platforms like Dash requires a master node operator to own 1000 Dash, or about $300,000 USD worth of currency. If CIF makes use of master nodes in the future, what do you envision as a fair, secure minimum amount of CIF to hold in order to run a master node?

Hi All - concerning the PoS questions - I have some of the answers but I need clarification on some as well so I just sent this over to our devs who will answer each question and then I'll make sure to post the answers back up here shortly.


I'll post answers to everything here but basically - you keep the coins in your wallet - don't touch them and after 30 days they return 1% of your total amount. That's staking in layman's terms however there's not much to it (in terms of what you have to do).

Thanks man! Appreciated

[beginneraf]

Bounty received.. thanks cif as always

Have they already started to reward CIF coins for bounty works? Or is cuenzy talking about the airdrop? Also, I'm kind of new to the cryptoworld. What will staking do? Is 50 CIF enough for it to be staked? Thanks in advance

Hi Begginer, so far we've just done airdrop not the bounty. We had a short contest to retweet a meme however that's over now (we'll have more contests soon). Staking automatically generates a certain amount of 'interest' by holding the coin in your wallet and supporting our network. Technically 50 CIF is enough to stake however the staking reward is only 1% so that won't do THAT much (unless the value of CIF exponentially increases) which we're all hoping for in the long run! Staking can add up over time however if you have enough CIF.

Thankyou for clearing that up good sir!

[CIF]

Bounty received.. thanks cif as always

Have they already started to reward CIF coins for bounty works? Or is cuenzy talking about the airdrop? Also, I'm kind of new to the cryptoworld. What will staking do? Is 50 CIF enough for it to be staked? Thanks in advance

Hi Begginer, so far we've just done airdrop not the bounty. We had a short contest to retweet a meme however that's over now (we'll have more contests soon). Staking automatically generates a certain amount of 'interest' by holding the coin in your wallet and supporting our network. Technically 50 CIF is enough to stake however the staking reward is only 1% so that won't do THAT much (unless the value of CIF exponentially increases) which we're all hoping for in the long run! Staking can add up over time however if you have enough CIF.

Thankyou for clearing that up good sir!

Very welcome!

[ridertiger]

This may be a dumb question, but where do I paste my CIF address to see my tokens? Myetherwallet is not working.

[beginneraf]

This may be a dumb question, but where do I paste my CIF address to see my tokens? Myetherwallet is not working.

As far as I know, CIF actually has it's own wallet. You have to download it from the website.

[CIF]

This may be a dumb question, but where do I paste my CIF address to see my tokens? Myetherwallet is not working.

No dumb questions! We are actually not an ether token - we are a true Altcoin so we have our own wallets!

https://www.cryptoimprovementfund.io/software/

[CIF]

This may be a dumb question, but where do I paste my CIF address to see my tokens? Myetherwallet is not working.

As far as I know, CIF actually has it's own wallet. You have to download it from the website.

100% Correct!

[CIF]

can it be for newbie members to join

What are you looking to join Gustavo?

Bounty campaign and ICO is open to anyone .

[psiksenz]

Managed to get 2 airdrops for this coin so far, you've got a pretty good presence on twitter as well I see.  Nice to see when a coin delivers!

[CIF]

Managed to get 2 airdrops for this coin so far, you've got a pretty good presence on twitter as well I see.  Nice to see when a coin delivers!

Thanks Psiksensz! Appreciate it!

[ridertiger]

This may be a dumb question, but where do I paste my CIF address to see my tokens? Myetherwallet is not working.

As far as I know, CIF actually has it's own wallet. You have to download it from the website.

100% Correct!

Thank you for the straight answer!
However, I am always iffy when I have to download an .exe as a wallet, especially when it asks permission to bypass the firewall. I created the wallet using walletgenerator as instructed. Could you make like a sub section of a website or something so that we could use our public addresses to check on our coins?

[CIF]

This may be a dumb question, but where do I paste my CIF address to see my tokens? Myetherwallet is not working.

As far as I know, CIF actually has it's own wallet. You have to download it from the website.

100% Correct!

Thank you for the straight answer!
However, I am always iffy when I have to download an .exe as a wallet, especially when it asks permission to bypass the firewall. I created the wallet using walletgenerator as instructed. Could you make like a sub section of a website or something so that we could use our public addresses to check on our coins?

Hey rider, completely understood - the only other alternative (if you're using windows) is a web wallet which we're currently rebuilding from scratch.

To check your public addresses you can check the block explorer - http://31.220.60.15:3001/

Which is actually already listed under our software section! https://www.cryptoimprovementfund.io/software/

Also - if it makes you more comfortable - you can audit our code (github) here https://github.com/jumpa1

Hope that helps!

[ridertiger]

Thank you. I entered the address and I have 50 CIF!
Lets hope that I will get some more in the future

[Cemplakaleght]

hello sir, i changed the twitter profile picture with the CIF logo, in accordance with the terms of the project.
can be viewed on my twitter link profile
https://www.twitter.com/jr_rudhi

Hi jr - we've recorded that but you forgot to put your CIF wallet address in the registration form. Could you please PM it to me so it will be added onto the tracker?

sorry sir new reply, this is new for CIF wallet addres: Ca3AoZ1huKbUWMqkpC7ERe3YDWUER8fHWP
please all add to the bounty of social media facebook and twitter

[Cemplakaleght]

hello sir, i changed the twitter profile picture with the CIF logo, in accordance with the terms of the project.
can be viewed on my twitter link profile
https://www.twitter.com/jr_rudhi

Hi jr - we've recorded that but you forgot to put your CIF wallet address in the registration form. Could you please PM it to me so it will be added onto the tracker?

sorry sir new reply, this is new for CIF wallet addres: Ca3AoZ1huKbUWMqkpC7ERe3YDWUER8fHWP
please all add to the bounty of social media facebook and twitter
Bounty Campaign Spreadsheet
twitter no. 210
facebook no. 400