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Author Topic: [ANN][SEM] Semux - Official Thread  (Read 690972 times)
johnwoodworth598
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November 04, 2017, 12:58:55 PM
 #1801

how much is the token?
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November 04, 2017, 01:08:59 PM
 #1802

Actually, I'm a newbie. I am interested in your airdrop too much. Though I'm quite late and your airdrop is finished I want to join the next if you start again.So, please notify me if there Smiley
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November 04, 2017, 01:21:08 PM
 #1803

the last day, but what's on for how long a break? 5-6 months? That with a reward it will be cut to 2 sem or not yet clear?
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November 04, 2017, 01:30:48 PM
 #1804

Who is aware of when they add to the stock exchange?
And where is the startup road map?
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November 04, 2017, 02:12:35 PM
 #1805

the last day, but what's on for how long a break? 5-6 months? That with a reward it will be cut to 2 sem or not yet clear?

last day first the final release... it's clear.. rc test only fee not reward for block

   SEMUX   -   An innovative high-performance blockchain platform  
▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬
Github    -    Discord    -    Twitter    -    Telegram    -    Airdrop to BTC holders
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November 04, 2017, 02:23:35 PM
 #1806

the last day, but what's on for how long a break? 5-6 months? That with a reward it will be cut to 2 sem or not yet clear?

last day first the final release... it's clear.. rc test only fee not reward for block
too sad ,i just burning 1000 sem for mining block last day ,now i only forge 30 block .
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November 04, 2017, 02:29:10 PM
 #1807

the last day, but what's on for how long a break? 5-6 months? That with a reward it will be cut to 2 sem or not yet clear?

last day first the final release... it's clear.. rc test only fee not reward for block

i have a question ,while rc test ,because there is not reward for block so how should we earn Semux coin and any campaign?
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November 04, 2017, 02:34:41 PM
 #1808

Any one selling SEM? Smiley
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November 04, 2017, 02:36:13 PM
 #1809

it's cool.so many posts now.i want to buy 10K sem at 1000 stats.
if you want to sell, please pm me.waiting for your message.
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November 04, 2017, 02:44:20 PM
 #1810

the last day, but what's on for how long a break? 5-6 months? That with a reward it will be cut to 2 sem or not yet clear?

last day first the final release... it's clear.. rc test only fee not reward for block
too sad ,i just burning 1000 sem for mining block last day ,now i only forge 30 block .

The delegate creation fee will be refunded when we (soon) go to the main net with RC1.

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November 04, 2017, 03:08:07 PM
 #1811

it's cool.so many posts now.i want to buy 10K sem at 1000 stats.
if you want to sell, please pm me.waiting for your message.


you can go to OTC thread buy SEM ,but i think 1000 is so low price ,no one will sell you .
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November 04, 2017, 06:36:02 PM
 #1812

Quote from: lda1000


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

Do I read this right? We gonna have 0 block rewards for almost half a year?  Huh
Also it would be needed to burn another 1000 SEM to become a validator again?

            ▄▄████▄▄
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.SEMUX
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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
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xibeijan
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November 04, 2017, 07:10:28 PM
 #1813

Quote from: lda1000


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

Do I read this right? We gonna have 0 block rewards for almost half a year?  Huh
Also it would be needed to burn another 1000 SEM to become a validator again?


Yes that's 1/2 a year.

Having no block reward for 1/2 a year seems very odd.  There really won't be any incentive to run the wallet and mine.  Transaction fees won't be enough, just look at what a disaster NXT was (despite having awesome developers and software).

What is the reasoning behind the no block reward decision?

When and how is the next round of distribution happening?

Notable projects 2019: Semux, Dero, Wagerr, BEAM
lda1000
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November 04, 2017, 07:52:34 PM
 #1814

Basically there will be no block rewards while the dev keeps 10M SEM .....  Shocked

semux
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November 04, 2017, 08:11:07 PM
Last edit: November 04, 2017, 08:30:54 PM by semux
 #1815

Yes that's 1/2 a year.

Having no block reward for 1/2 a year seems very odd.  There really won't be any incentive to run the wallet and mine.  Transaction fees won't be enough, just look at what a disaster NXT was (despite having awesome developers and software).

What is the reasoning behind the no block reward decision?

When and how is the next round of distribution happening?

Basically there will be no block rewards while the dev keeps 10M SEM .....  Shocked

As described on the OP, the first 500,000 blocks is used for community distribution and RC test. The founder only owns 2.5M in the 1st year and the community own 10M.

Many validators have already earned 10k-100K from the alpha and beta test block rewards. It would be more fair for everyone to start minting when the community distribution is complete.

The next round of distribution is BTC airdrop; details will be announced when the RC net gets stable.
liotmaan
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November 04, 2017, 08:23:24 PM
 #1816

Quote from: lda1000


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

Do I read this right? We gonna have 0 block rewards for almost half a year?  Huh
Also it would be needed to burn another 1000 SEM to become a validator again?


Yes that's 1/2 a year.

Having no block reward for 1/2 a year seems very odd.  There really won't be any incentive to run the wallet and mine.  Transaction fees won't be enough, just look at what a disaster NXT was (despite having awesome developers and software).

What is the reasoning behind the no block reward decision?

When and how is the next round of distribution happening?

I'm still running this and I'd imagine a lot of others are going to as well.
CosaNostra
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November 04, 2017, 09:22:49 PM
 #1817

Yes that's 1/2 a year.

Having no block reward for 1/2 a year seems very odd.  There really won't be any incentive to run the wallet and mine.  Transaction fees won't be enough, just look at what a disaster NXT was (despite having awesome developers and software).

What is the reasoning behind the no block reward decision?

When and how is the next round of distribution happening?

Basically there will be no block rewards while the dev keeps 10M SEM .....  Shocked

As described on the OP, the first 500,000 blocks is used for community distribution and RC test. The founder only owns 2.5M in the 1st year and the community own 10M.

Many validators have already earned 10k-100K from the alpha and beta test block rewards. It would be more fair for everyone to start minting when the community distribution is complete.

The next round of distribution is BTC airdrop; details will be announced when the RC net gets stable.

I understand your reasoning about fair distribution and such, but 6 months of empty blocks? This is like ages in crypto!
People had two month already to participate in the project. To become a validator one has to have a dedicated 24/7 server, running which just for the sake of a fair distribution doesn't make much sense... 700 bct accounts were getting much more for free than validators that were securing the network all that time.
Now again some random people will be getting tons of SEM for free, while others (delegates) will be forging blocks for them? 6 months of empty blocks and then 20k SEM per year at most for one validator sounds too wrong for me, sorry...

            ▄▄████▄▄
        ▄▄██████████████▄▄
      ███████████████████████▄▄
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.SEMUX
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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
  Tested .5000 tx per block. on open network
█ █
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xibeijan
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November 04, 2017, 09:45:23 PM
 #1818

Yes that's 1/2 a year.

Having no block reward for 1/2 a year seems very odd.  There really won't be any incentive to run the wallet and mine.  Transaction fees won't be enough, just look at what a disaster NXT was (despite having awesome developers and software).

What is the reasoning behind the no block reward decision?

When and how is the next round of distribution happening?

Basically there will be no block rewards while the dev keeps 10M SEM .....  Shocked

As described on the OP, the first 500,000 blocks is used for community distribution and RC test. The founder only owns 2.5M in the 1st year and the community own 10M.

Many validators have already earned 10k-100K from the alpha and beta test block rewards. It would be more fair for everyone to start minting when the community distribution is complete.

The next round of distribution is BTC airdrop; details will be announced when the RC net gets stable.

I understand your reasoning about fair distribution and such, but 6 months of empty blocks? This is like ages in crypto!
People had two month already to participate in the project. To become a validator one has to have a dedicated 24/7 server, running which just for the sake of a fair distribution doesn't make much sense... 700 bct accounts were getting much more for free than validators that were securing the network all that time.
Now again some random people will be getting tons of SEM for free, while others (delegates) will be forging blocks for them? 6 months of empty blocks and then 20k SEM per year at most for one validator sounds too wrong for me, sorry...


Actually I think this is a good idea.  They are going to do the community distribution during the 500,000 blocks (1/2 year).  So instead of block rewards to existing holders they will bring in waves of new people.  Clever I think.

What is the community distribution and how will it work?

What is the BTC airdrop?

Where to read about theze?

Notable projects 2019: Semux, Dero, Wagerr, BEAM
semux
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November 04, 2017, 09:49:55 PM
 #1819

Yes that's 1/2 a year.

Having no block reward for 1/2 a year seems very odd.  There really won't be any incentive to run the wallet and mine.  Transaction fees won't be enough, just look at what a disaster NXT was (despite having awesome developers and software).

What is the reasoning behind the no block reward decision?

When and how is the next round of distribution happening?

Basically there will be no block rewards while the dev keeps 10M SEM .....  Shocked

As described on the OP, the first 500,000 blocks is used for community distribution and RC test. The founder only owns 2.5M in the 1st year and the community own 10M.

Many validators have already earned 10k-100K from the alpha and beta test block rewards. It would be more fair for everyone to start minting when the community distribution is complete.

The next round of distribution is BTC airdrop; details will be announced when the RC net gets stable.

I understand your reasoning about fair distribution and such, but 6 months of empty blocks? This is like ages in crypto!
People had two month already to participate in the project. To become a validator one has to have a dedicated 24/7 server, running which just for the sake of a fair distribution doesn't make much sense... 700 bct accounts were getting much more for free than validators that were securing the network all that time.
Now again some random people will be getting tons of SEM for free, while others (delegates) will be forging blocks for them? 6 months of empty blocks and then 20k SEM per year at most for one validator sounds too wrong for me, sorry...


This is a several year project. We value long term vision rather than short term profits. 20k is more than you had imagined. I believe many of us will continue contributing to the network regardless of the initial zero block rewards.

We've already made a good first step, ~3 million of coins has been distributed to ~700 ppl, but this is not enough. We have to distribute semux to more people, at whatever cost.
semux
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November 04, 2017, 09:51:57 PM
 #1820

Yes that's 1/2 a year.

Having no block reward for 1/2 a year seems very odd.  There really won't be any incentive to run the wallet and mine.  Transaction fees won't be enough, just look at what a disaster NXT was (despite having awesome developers and software).

What is the reasoning behind the no block reward decision?

When and how is the next round of distribution happening?

Basically there will be no block rewards while the dev keeps 10M SEM .....  Shocked

As described on the OP, the first 500,000 blocks is used for community distribution and RC test. The founder only owns 2.5M in the 1st year and the community own 10M.

Many validators have already earned 10k-100K from the alpha and beta test block rewards. It would be more fair for everyone to start minting when the community distribution is complete.

The next round of distribution is BTC airdrop; details will be announced when the RC net gets stable.

I understand your reasoning about fair distribution and such, but 6 months of empty blocks? This is like ages in crypto!
People had two month already to participate in the project. To become a validator one has to have a dedicated 24/7 server, running which just for the sake of a fair distribution doesn't make much sense... 700 bct accounts were getting much more for free than validators that were securing the network all that time.
Now again some random people will be getting tons of SEM for free, while others (delegates) will be forging blocks for them? 6 months of empty blocks and then 20k SEM per year at most for one validator sounds too wrong for me, sorry...


Actually I think this is a good idea.  They are going to do the community distribution during the 500,000 blocks (1/2 year).  So instead of block rewards to existing holders they will bring in waves of new people.  Clever I think.

What is the community distribution and how will it work?

What is the BTC airdrop?

Where to read about theze?

Details will be announced when the rc1 gets released
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