[ANN][SEM] Semux - Official Thread

[htsz_da12]

What is exactly going to happen on height 86400?
Can you publish a detailed plan?

1. 86400 we will take snapshot of the blockchain.
2. RC1 wallet will be released.
3. Everyone needs to upgrade to the latest wallet
4. Transferring of balance to the RC1 network will start based on the block #86400 snapshot

I have a suggestion that many of us are very optimistic about this project. Although the airdrop activity is gone, can we hold some signature activities? I and a few friends can do long-term.

[monsanto]

I voted equally on 5 delegates (15 votes total) and got 0.03 SEM share per 24hr period, that's kinda low if you ask me but it is what it is. 

It's interesting to do just to see how this consensus protocol works.  But yeah, with 5 delegates, I think that's 0.05 SEM tx fee per delegate, or 0.25 SEM to vote across all 5.  Then if you want to unvote it's probably another 0.25 SEM in fees.  So that's 1/2 a SEM for the round trip.  Maybe people with low vote totals to give can vote it all on just one validator to save on fees.

[tigermonkey]

Thanks.

Q1: Will the main chain start from height 1?

Q2: What do you mean transferring of balance to the RC1? Will the dev be sending from his account to the addresses from the snapshot?

Q3: What about block rewards?
       i.e: 0-499k 0 SEM,  500k-N 5 SEM, etc...

1. RC1 will start at block zero.

2. All balance from beta block #86400 will be transferred to RC1 network. This will come from dev account. See Ann page 1 for dev fund allocation.

3. RC1 block#0 to #500,000 -> 0 block rewards, only tx fees

RC1 block#500,001 onwards -> 2 sems for block rewards

Beta beta block #86400 is less than two days from now. Looking forward to the RC1!

[mdodong]

There will be airdrop during RC1. Details on how to participate will be announced after the release of the new wallet and transfer of the balances to the new network is completed.

[pinball_wizard]

There will be airdrop during RC1. Details on how to participate will be announced after the release of the new wallet and transfer of the balances to the new network is completed.

Looking forward to new airdrop coming, so we just need new wallet correct?

[casey.anthony195]

This an interesting project, I wonder how it will unfold in the future, and what are we going to have in a couple of months time. However, what I did not understand, is what other coins can you exchange for SEM? Or is it only possible to obtain them directly?

[trgnn]

This an interesting project, I wonder how it will unfold in the future, and what are we going to have in a couple of months time. However, what I did not understand, is what other coins can you exchange for SEM? Or is it only possible to obtain them directly?

Wait for exchanges.

[esprit577]

There will be airdrop during RC1. Details on how to participate will be announced after the release of the new wallet and transfer of the balances to the new network is completed.

This is good news, the friends who did not get the airdrop in the early stage, this time to seize the opportunity to keep up with dev's development step, this will be a victory.

[mdodong]

I think project has great future, idea sounds cool. Looking forward to ICO

sorry no ICO. Ever.

[Brendada]

thank you for your Semux Airdrop now i joined and waiting for free bounty

[pkwn888]

Waiting the airdrop

[2970566]

Waiting the airdrop

i think the airdrop is done . and i 'am not at the list

[crimealone]

There will be "minable" bounty for everyone. Just wait.
And read ann before you ask. There are almost all details about this project.

[borderline]

yes semux is the best project of this year...  in this world 1 or 2 project a years are serius..semus it is!!! i see a great future for semux...

[vegita1233]

I received semux from pool. Thanks.

[audiocisco]

Ok, so how much they want to raise in USD by current rates now?

[lda1000]

Ok, so how much they want to raise in USD by current rates now?

I think project has great future, idea sounds cool. Looking forward to ICO

sorry no ICO. Ever.

No ICO for Semux.

[mdodong]

Would it be nice to be able to buy some SEMUX in some exchanges after RC, is it of interest?

that would happen after the final release on Q1 2018.

[Brendada]

How much semux earn a validator?

[esprit577]

How much semux earn a validator?

Burning 1000SEM can open the validator, provided that you have enough SEM to vote in the V phase.