[ANN][SEM] Semux - Official Thread

[Michail1]

[quote author=Michail1 link=topic=2159012.msg33320643#msg33320643 date=1522186420
I think different from yours. You can not compare the reward of 2 airdrop or use the ratio of BTC holder to apply for ETH, because they are different from each other. Just simply thinking that the next airdrop (ETH holder) is really the distribution of the remaining Semux coins.
One of the most considerable debate that we should concerned for is how many Ethers in our balance that fulfilled for participating requirement.

Well, based on your thinking, then why not simply distribute a 1:1 for Doge owners.  That would get rid of every remaining SEM, and you could just buy 100,000 Doge for $1.
Wouldn't it be nice to get $200,000 worth of SEM by buying $1 worth of Doge?

Keep in mind that BTC holders didn't know of the airdrop and I believe the snapshot was taken before the drop was announced.  So, no manipulation could be done and if it was, it took a lot of money to make it happen.  Dropping to ETH on the same ratio and having given advanced notice means manipulation will take place at a far cheaper cost.

No, I absolutely believe a fair ratio needs to be established, and I am certain it would be.  I do not believe the goal is to dump the value of the coin by raining to holders of a less valuable coin.  It should be distributed to people with more skin in the game than simply a 1:1 for a $1 worth of Doge or any other sub valued alt like bitcconnect, ripple, lumen, etc.  (Yes, I realize my example took your statement to the extreme, but without any skin in the game (crypto), it would kill the project immediately.)

At this point, I haven't sold a single SEM and in fact bought a bunch more.  I've even given it away AND burned a few thousand to start Deligates.
If ETH is set to 1:1, then I hope enough time is given so that I could dump mine.

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[CappuccinoCoin]

Hello everybody

excuse me if this question was asked before...

How many ETH do I have to have in my wallet to receive Semux?

Thank you

[monsanto]

If I vote for a pool with 100,000 votes and a fee of 15% I get anyway more than voting for a pool with 80,000 votes and 0% fee. Is that correct?

No.

Let's say you have 10,000 votes of your own and to round and make it easy........
If you vote for a pool with a now total of 100,000 votes with a fee of 15%  then you get (about)  100 sem per day / 10% of votes - 15% fee =  8.5 sem
(Basically a pool gets about 100 sem per day and you would be 10% of them = 10 sem, but pool charges 15%, so you get about 8.5 of those.)

Let's say you have 10,000 votes of your own and to round and make it easy........
If you vote for a pool with a now total of 80,000 votes with a fee of 0%  then you get (about)  100 sem per day / 12.5% of votes - 0% fee =  12.5 sem

I think you were trying to figure out something more like....
At what point is it better to take your 10,000 votes to a pool charging a lower fee than a pool charging a high fee.
Most people don't think about it and simply vote for pools with a low fee.

Not a simple answer since there is going to be a curve in that you want the lowest fee while supporting the highest percentage of votes.  (0% fee / 100% votes)
So, it's best to own your own validator if you have enough votes while charging yourself a 0% fee.

With (for the example) 10,000 votes, it best to find a low fee (still relatively the most important - currently), while getting into a pool which barely has enough votes to be a validator (like within the top 100 (easy), but better within the first 56 (like being in position 55).

People voting for pool in position 1 are making less than those in position 55 since they have to share the block rewards with far more people even if the pool in 55 charges a higher fee than that of position 1.

Good breakdown, and it gets even more complicated with large amounts of votes since you could split them up in various ways for optimum payouts. Is the the "first 56" positions because the validator rewards are still skewed to benefit the higher positioned validators?

Keep in mind that BTC holders didn't know of the airdrop and I believe the snapshot was taken before the drop was announced.  So, no manipulation could be done and if it was, it took a lot of money to make it happen.  Dropping to ETH on the same ratio and having given advanced notice means manipulation will take place at a far cheaper cost.

 

Do we know that BTC holders were not notified ahead of time? I thought people had specifically spread out BTC in addresses for optimum claims... although maybe they had just been lucky enough to have it that way. What details were known before BTC airdrop? 

[Bavaria]

Hello everybody

excuse me if this question was asked before...

How many ETH do I have to have in my wallet to receive Semux?

Thank you

I've asked this question before. There is no information of the minimum cap as i know.

[Michail1]

Good breakdown, and it gets even more complicated with large amounts of votes since you could split them up in various ways for optimum payouts. Is the the "first 56" positions because the validator rewards are still skewed to benefit the higher positioned validators?

Keep in mind that BTC holders didn't know of the airdrop and I believe the snapshot was taken before the drop was announced.  So, no manipulation could be done and if it was, it took a lot of money to make it happen.  Dropping to ETH on the same ratio and having given advanced notice means manipulation will take place at a far cheaper cost.

 

Do we know that BTC holders were not notified ahead of time? I thought people had specifically spread out BTC in addresses for optimum claims... although maybe they had just been lucky enough to have it that way. What details were known before BTC airdrop? 

Agreed.   Validator rewards are 3 sem per block.  Validator selection bug is still in effect, until the next update slated for release within two weeks (from what I've been told).

I don't know the dates specifically between the notification and the airdrop snapshot.  I'm still looking.
I think you would agree that an airdrop to ETH will not increase the user base very much at all since it's likely that most ETH holders are BTC holders as well.  Sure, a lot more SEM will be distributed, but not to a much bigger audience than always existing.

[Bavaria]

That's because the information hasn't been made public yet and probably for good reason.  Most specifically because of what monsanto just pointed out in that people was split up their ETH into multiple addresses simply to take advantage of the distribution.

I think that you're probably right. But I'm pretty sure some users already splitted their ethers among several addresses in the hope of receiving more coins.

[bspus]

That's because the information hasn't been made public yet and probably for good reason.  Most specifically because of what monsanto just pointed out in that people was split up their ETH into multiple addresses simply to take advantage of the distribution.

I think that you're probably right. But I'm pretty sure some users already splitted their ethers among several addresses in the hope of receiving more coins.

Without knowing the rules of the drop, they might actually lose out.
If there is a minimum amount and they no longer have it.

[Bavaria]

That's because the information hasn't been made public yet and probably for good reason.  Most specifically because of what monsanto just pointed out in that people was split up their ETH into multiple addresses simply to take advantage of the distribution.

I think that you're probably right. But I'm pretty sure some users already splitted their ethers among several addresses in the hope of receiving more coins.

Without knowing the rules of the drop, they might actually lose out.
If there is a minimum amount and they no longer have it.

I would like to add a few wise words : "Something is better than nothing".

[Javi_Anibarro]

do not you think it would be better this way ?
what i mean is the dev team will not say a thing before the snapshot and after the snapshot they will tell us the rule.
it could prevent others to abuse this airdrop.
so it will be distributed fairly to every holders(legit holders).
in conclusion,let them take their time.they should know what is the best for their project.
at least some of them kept active on here and discord.

[duchaitp]

I have some ETH and am very happy to know about this airdrop. I hope to receive Semux and wait for the rules to be announced.

[Kenrich]

I have some ETH and am very happy to know about this airdrop. I hope to receive Semux and wait for the rules to be announced.

i want to take part in this great project too ,i havnt eth right now ,but if dev public the ratio ,i will buy some eths from market .

[yeyicheng888]

There is a snapshot in April 1st. How is the ETH air drop ratio not yet announced, is it worth participating in?

[Javi_Anibarro]

There is a snapshot in April 1st. How is the ETH air drop ratio not yet announced, is it worth participating in?

of course it is worth,
if you have 100 ETH on your wallet or more than that.
but if you have less than 100 ETH on your wallet,i do not think so.
because i believe the ratio will be lower than 1:2(around that point i believe,but no more than that should be).
they said(@mdodong) they will announce it before 1st april,so take it easy.
we still have a few days before the snapshot guys.

[coly20032003]

This is nice. I have ETH, I would like to participate in this airdrop. Not sure what the ratio will be like.

[ju34400]

What if I'm a Ripple holder, are there any promotions for other holders?

LOL go and buy ETH before the snapshot

even though they will do the airdrop do not expect too much about it,
because the ratio will be lower compared to Bitcoin airdrop,if we compare it between Bitcoin price and Ethereum price.
the ratio will be 1 : 17/18 (mathematically).
so if they were airdroping 20 SEM for every 1BTC that we held,in the future we should get more or less around 3 SEM for every ETH that we hold.
(it might be wrong,but should not be far from it).
we still have a time until 1 April,
so no need to rush and wait for more confirmation regarding this airdrop and make a proper strategy.

lol if it's really this ratio, it doesn't even worth the shot than i register
i hope too it will be restricted to only one ad by account and the multi account will be checked

[yeyicheng888]

Smart people won't buy right now for sure, because price might fall due to airdrop most likely (ppl will dump free semux)...

[thienytcc]

There is a snapshot in April 1st. How is the ETH air drop ratio not yet announced, is it worth participating in?

If the rule requires at least 1 ETH, it cannot be a smart option to participate at the moment. The market is still blooding without any recovery signals. Keep patient to wait the ultimately decision from Dev.

[alvena]

The platform on which coin holders can conduct voting is quite a bit! I want to get a little more information about the team, and about the latest improvements, because it seems that everything is not justified anonymously!

[scenouttricca]

Can you explain me only participants from the whitelist can participate in ICO or without pre-registration investors will be able to participate as well?

[Darthswan]

Can you explain me only participants from the whitelist can participate in ICO or without pre-registration investors will be able to participate as well?

Do not you have a very right question, to participate in what? For this coin  is no ICO, now they are discussing the issue of the next airdrop, by means of a snapsot of the ether wallet? Do you have ether on your wallet? If there is then you will be able to get free semux coins. Just need to sign a message from your wallet, to prove that he is yours. The snapshot will be on April 1, more details will be later.