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Author Topic: 🚀 [ANN] ColossusCoinXT COLX - Coin Swap - Fair Launch, no ICO/ IPO! 🚀 Released  (Read 43503 times)
Hangterisaan
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September 29, 2017, 12:00:06 AM
 #581

p.s. i'm only one here who thought that masternode will need much less than .... such extremely high amount of coins  ?

10M colx is about 0.5 btc and that is actually very cheap for a masternode.

As a comparison, a PIVX masternode is about 7.5 BTC and its ROI only about 5% (see https://masternodes.pro/).

0.5 btc is NOT cheap. thats fact.
year ago pivx masternode was only under 40$.... when coin was 0.003739 USD per coin (10000 for masternode)... check marketcap.


Also does this coin has POS only for masternodes? I obviously don't have enough for node...is is possible to get stake rewards without it ? wallet shows staking is not active for me.

0.5 btc is cheap for a masternode. Should be 20.000.000 COLX actually. Otherwise to many will be made. I have 1 coming up, my friend has 10. Will be a few 100 online very soon worldwide. Trust me.

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Mrbates
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September 29, 2017, 12:04:13 AM
 #582

No questions? People have massive questions. There are 29 pages of post here with different issue and people wanting to hear exactly whats going on. Get out of here with the no questions lines.. lol.. Or look with your good eye next time.. haa haa
not going to read every post of people mindlessly asking the same questions over and over again. 

As I said in reply to your last posts all of your answers were in the first post.

./crazy.

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September 29, 2017, 12:06:04 AM
 #583

p.s. i'm only one here who thought that masternode will need much less than .... such extremely high amount of coins  ?

10M colx is about 0.5 btc and that is actually very cheap for a masternode.

As a comparison, a PIVX masternode is about 7.5 BTC and its ROI only about 5% (see https://masternodes.pro/).

0.5 btc is NOT cheap. thats fact.
year ago pivx masternode was only under 40$.... when coin was 0.003739 USD per coin (10000 for masternode)... check marketcap.


Also does this coin has POS only for masternodes? I obviously don't have enough for node...is is possible to get stake rewards without it ? wallet shows staking is not active for me.

0.5 btc is cheap for a masternode. Should be 20.000.000 COLX actually. Otherwise to many will be made. I have 1 coming up, my friend has 10. Will be a few 100 online very soon worldwide. Trust me.



It's 10 million because its highly anticipated a huge portion of the supply will be burned by nova as there was only 7.2b active coins including the CV2 dev fund = 3.6b COLX.  That being said theres still a chance someone will see this thread and be like OH WAIT I HAVE THAT WALLET DATA!  

However through the block explorer that was the rough estimate where coins had been moved or had staked in the last 6 months --- Some of which are now gone forever i.e. cryptopia, soon to be yobit.


Side note given that 3b coins have swapped currently -- And given that there is 180m COLX on the order books, as well as 600m CV2 left on the order books -- The swap may be significantly smaller.


ALSO --- seems to be a question arising in telegram a bit:
A manual withdraw from any exchange (yes it can happen on all exchanges) can take up to 24-48 hours.  It either means you were randomly selected to make sure nothing shady's going on, they ran out of coins in the hot wallet or that its so large they need to do it by hand to ensure nothing bad happens.  This is normal and guessing they didn't expect to have 1.2b of the supply leaving instantly.

CrunchyCrypto
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September 29, 2017, 12:25:27 AM
 #584

p.s. i'm only one here who thought that masternode will need much less than .... such extremely high amount of coins  ?

10M colx is about 0.5 btc and that is actually very cheap for a masternode.

As a comparison, a PIVX masternode is about 7.5 BTC and its ROI only about 5% (see https://masternodes.pro/).

0.5 btc is NOT cheap. thats fact.
year ago pivx masternode was only under 40$.... when coin was 0.003739 USD per coin (10000 for masternode)... check marketcap.

You can't compare prices of one year ago with those of today. I guess you didn't buy a PIVX masternode a year ago, and no one forces you to buy a COLX masternode today. Also if you want to, you can still buy cheap masternodes, like Arcticcoin for $59.12.

I do agree with you that COLX masternodes should be cheaper, but for a different reason: at the current price, the max amount of masternodes is limited to about 1000 at which point 83% of all coins would be locked in masternodes. It would be better for decentralization if there could be more masternodes.

In the end, it's not the masternode price that counts, but the Return On Investment (ROI) you'll get. At 600 masternodes (=50% of all coins locked) the ROI would be 6.2% and for 1000 masternodes it would be only 3.7%/year. That could be improved IMO, but reducing masternode price would not help.

- The masternode price has no impact on ROI because for e.g. 1/2 the price, you would get 1/2 rewards = same ROI.
- The block rewards and block time DO have a big impact on the ROI though. By doubling the rewards, or by reducing the block time from 120 to 60 seconds, ROI would double. So would coin inflation of course, but that's quite low for colx: only 1.2M a year on 12000M coins.

On the positive side: this coin has a 5% development budget which at current price (7 sat) is about 10000$/year. It think if COLX can implement a way to submit proposals and have masternodes vote on them, that would be good for the future of this coin.
Mrbates
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September 29, 2017, 12:29:09 AM
 #585


check above post in regards to expected supply/calculate MN's from there ~ it will be a small amount tbh d:

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September 29, 2017, 01:18:22 AM
 #586

What a mess.
Scanning through this thread leaves me lots of doubts and confusion.

Hope you all figure out your issues.

Wish the team was more helpful.

Shouldn't open an Ann if you don't plan on replying, helping or answering questions.
rumpel_tusk
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September 29, 2017, 02:53:04 AM
 #587

Do you think COLX will go back down to 2 satoshi? I want to buy more if it goes there. What do you think?
ivan376
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September 29, 2017, 03:00:23 AM
 #588

I try to test to withdraw from nova to my pc wallet, it didn't reach. Nova message is "manual". What does it means? Is anybody here same experience with me?

kevindt
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September 29, 2017, 03:17:39 AM
 #589

I try to test to withdraw from nova to my pc wallet, it didn't reach. Nova message is "manual". What does it means? Is anybody here same experience with me?
try to addnode from https://novaexchange.com/addnodes/COLX/
should work Smiley
ivan376
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September 29, 2017, 03:57:45 AM
 #590

I try to test to withdraw from nova to my pc wallet, it didn't reach. Nova message is "manual". What does it means? Is anybody here same experience with me?
try to addnode from https://novaexchange.com/addnodes/COLX/
should work Smiley

Thanks. But my wallet is already sync. I guess the problem is on nova exchange.

Notyoursbuisness
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September 29, 2017, 06:55:12 AM
 #591

and 4 weeks ago that's about how much it would have cost for a colx node.  Cheesy
thats not true.
even when cv2 price was for example 6.25E-9 sats
20 000 000 cv2 coins = 0,12558btc


passwordcoin
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September 29, 2017, 07:04:18 AM
 #592


00:00:56

masternodelist

There are already 6 Masternode, and COLX's network is getting stronger!

已经有6个Masternode了,COLX的网络逐渐变强壮! Grin Grin Grin

ColossusCoinXT | ArcticCoin | BitCoin
CrunchyCrypto
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September 29, 2017, 07:17:18 AM
 #593

There are already 6 Masternode, and COLX's network is getting stronger!

Yes there are. But as it seems, they are not being paid yet. The blockchain shows no masternode payments whatsoever.
passwordcoin
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September 29, 2017, 07:35:25 AM
 #594

I guess masternode will be able to work in October 2nd, because POS may need 7 days of maturity, I guess.


There are already 6 Masternode, and COLX's network is getting stronger!

Yes there are. But as it seems, they are not being paid yet. The blockchain shows no masternode payments whatsoever.

ColossusCoinXT | ArcticCoin | BitCoin
metallicelmo
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September 29, 2017, 07:36:04 AM
 #595

From what block exactly would it be possible to start POS? I believe the coin is POW for a specific amount of blocks?

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passwordcoin
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September 29, 2017, 07:45:12 AM
 #596

As long as the currency matures, you can POS

ColossusCoinXT | ArcticCoin | BitCoin
CrunchyCrypto
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September 29, 2017, 07:48:48 AM
 #597

There are already 6 Masternode, and COLX's network is getting stronger!
Yes there are. But as it seems, they are not being paid yet. The blockchain shows no masternode payments whatsoever.
I guess masternode will be able to work in October 2nd, because POS may need 7 days of maturity, I guess.

I don't think the maturity applies to masternode collateral. Also, in the colx-cli masternode list, masternodes have a lastpaid timestamp, but there are no corresponding payments on the blockchain.

Also, where did you get the 7 days maturity? In the source code, it seems to be 1 hour. https://github.com/ColossusCoinXT/ColossusCoinXT/blob/master/src/main.cpp#L71.
passwordcoin
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September 29, 2017, 07:50:42 AM
 #598

Status
COLX   2017-09-28 22:22   Manual

As far as I know, all NOVA withdrawals are in manual status. If someone succeeds in withdrawing money, I would like to tell you that we are here. Thank you very much. (supposedly for security reasons, so it takes 24 hours. Manual)

ColossusCoinXT | ArcticCoin | BitCoin
passwordcoin
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September 29, 2017, 07:52:24 AM
 #599

There are already 6 Masternode, and COLX's network is getting stronger!
Yes there are. But as it seems, they are not being paid yet. The blockchain shows no masternode payments whatsoever.
I guess masternode will be able to work in October 2nd, because POS may need 7 days of maturity, I guess.

I don't think the maturity applies to masternode collateral. Also, in the colx-cli masternode list, masternodes have a lastpaid timestamp, but there are no corresponding payments on the blockchain.

Also, where did you get the 7 days maturity? In the source code, it seems to be 1 hour. https://github.com/ColossusCoinXT/ColossusCoinXT/blob/master/src/main.cpp#L71.

I didn't see the source code because I had CV2 and it was 7 days old - mature.

ColossusCoinXT | ArcticCoin | BitCoin
ivan376
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September 29, 2017, 08:43:28 AM
 #600

How much is the staking percentage?

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