[ANN][SEM] Semux - Official Thread

[lda1000]

Can I buy your coin somewhere? The topic on the forum was closed.(( Tell me please where i can buy.

Semux Discord has trading channel (https://discord.gg/qQVckKZ).
Use escorw .ie mdodong

 

[TheKryptonian]

Have they said anything yet about exchange listing plans?

[mdodong]

Have they said anything yet about exchange listing plans?

No word on exchange yet. We will update as soon as we get news about exchange.

[Ned Kelly]

Hi,
What time zone does semux wallet use to show transaction time? (using win10)

[r1d1]

Hi,
What time zone does semux wallet use to show transaction time? (using win10)

Your local time.

[Gaman]

So as I understand the total supply of semux is 100 million.  While only 25 million is in circulation right now?

[Ned Kelly]

Hi,
What time zone does semux wallet use to show transaction time? (using win10)

Your local time.

Thanks for reply. However, it's not my local time Maybe it's a bug?


https://prnt.sc/i7h1en

[r1d1]

Thanks for reply. However, it's not my local time Maybe it's a bug?

~ Image skipped ~

Looks like a bug. The time of block #25938 is "2018-01-30 03:25:35". The client should get this time and add your timezone.

You can create a issue on github (just check to see if there is such a problem already).

Bug bounties: 100 ~ 100,000 SEM, please submit bugs to https://github.com/semuxproject/semux/issues

But I think it's not client bug, maybe problem in java or windows.
The Semux client use standart function for display date:

Code:

DateFormat format = DateFormat.getDateTimeInstance(DateFormat.SHORT, DateFormat.SHORT);
return format.format(new Date(timestamp));

[tigermonkey]

Wow, I got a much bigger reward this week than usual for the signature campaign. Did something change in the rules?

Yes, they probably eliminated multi-accounts and changed the methodology of calculation.
It's a pity, of course, that the members were so much reduced, now probably there is no reason to go into the campaign of bounty (
Member - 18 SEM
Full Member - 35 SEM
Sr. Member - 69 SEM
Hero Member - 138 SEM
Legendary - 275 SEM

Big difference - per old rules, Legendary will get double amount of coins of Member. Under new rules, Legendary will get 16 times amount of coins of Member.

[chichidori]

Are all the pools paying paying out automagically, or only the ones based on orogvany's pool software? As in Do you need to register on a site somewhere?

The pools are not paying automaticly. Also the one pays more then the other.
Finding a good pool is the message 

If you want to find a good pool that pays everyday go to semux discord channel, just a reminder the more validator and participants the reward get smaller.

[Ned Kelly]

Looks like a bug. The time of block #25938 is "2018-01-30 03:25:35". The client should get this time and add your timezone.

You can create a issue on github (just check to see if there is such a problem already).

Bug bounties: 100 ~ 100,000 SEM, please submit bugs to https://github.com/semuxproject/semux/issues

But I think it's not client bug, maybe problem in java or windows.
The Semux client use standart function for display date:

Code:

DateFormat format = DateFormat.getDateTimeInstance(DateFormat.SHORT, DateFormat.SHORT);
return format.format(new Date(timestamp));

Probably you right, it's not semux problem. I'm using VM Box for semux, maybe it's their bug.

[Gaman]

SEM Analysis

Right now in discord, you can't get SEM unless you pay about 23k satoshi btc per SEM.  Thats around $2.5 per SEM.  Given that SEM in circulation is about 25 million (the other 75 million is block rewards), we can say that the market cap is around $60+ million.

There are several reasons on why SEM will increase in price:
1. In my opinion, SEM has true innovation given a new consensus algorithm and the ability to process 5000 txns / sec.  Visa averages about 2000 txns / sec.  Given the above, i think SEM should at least worth about $250 million market cap.  That would be around $10 per SEM.
2. SEM isn't even in an exchange yet.  The day SEM is being traded in an exchange, we should see a 100% increase in price.  
3. When SEM virtual machine comes out, it safe to assume will reach $1 Billion market cap.  Maybe, by that time, 1 SEM will be around $30.

I am in for the long run.. are you?

[mdodong]

Wow, I got a much bigger reward this week than usual for the signature campaign. Did something change in the rules?

Yes, they probably eliminated multi-accounts and changed the methodology of calculation.
It's a pity, of course, that the members were so much reduced, now probably there is no reason to go into the campaign of bounty (
Member - 18 SEM
Full Member - 35 SEM
Sr. Member - 69 SEM
Hero Member - 138 SEM
Legendary - 275 SEM

Big difference - per old rules, Legendary will get double amount of coins of Member. Under new rules, Legendary will get 16 times amount of coins of Member.

Please give me link to the one. How much does SEMUX cost in Discord channel?

OTC channel on Discord: https://discord.gg/symNBJF
Currently trading price at least 20k sats each sems

[r1d1]

Right now in discord, you can't get SEM unless you pay about 23k satoshi btc per SEM.  Thats around $2.5 per SEM.  Given that SEM in circulation is about 25 million (the other 75 million is block rewards), we can say that the market cap is around $60+ million.

You don't correctly determine the number of coins in circulation. Coins that are in the hands of the developer can not be attributed to coins in circulation. Therefore now it is much less coins on hands. I did not count for sure, but something about 3-5 million. Only these coins are now available for sale. More precisely, they can be accessed if someone wants to sell them. 

Just for info: 3,629,289 SEM in votes.

[Ned Kelly]

Just for info: 3,629,289 SEM in votes.

And this amount will grow because people who is validators need push up their votes otherwise they will be kicked out of top100.

[Gaman]

Right now in discord, you can't get SEM unless you pay about 23k satoshi btc per SEM.  Thats around $2.5 per SEM.  Given that SEM in circulation is about 25 million (the other 75 million is block rewards), we can say that the market cap is around $60+ million.

You don't correctly determine the number of coins in circulation. Coins that are in the hands of the developer can not be attributed to coins in circulation. Therefore now it is much less coins on hands. I did not count for sure, but something about 3-5 million. Only these coins are now available for sale. More precisely, they can be accessed if someone wants to sell them. 

Just for info: 3,629,289 SEM in votes.

Do you mean that developer doesn't join the voting process and validation?

[ElizaZX]

SEM Analysis

Right now in discord, you can't get SEM unless you pay about 23k satoshi btc per SEM.  Thats around $2.5 per SEM.  Given that SEM in circulation is about 25 million (the other 75 million is block rewards), we can say that the market cap is around $60+ million.

There are several reasons on why SEM will increase in price:
1. In my opinion, SEM has true innovation given a new consensus algorithm and the ability to process 5000 txns / sec.  Visa averages about 2000 txns / sec.  Given the above, i think SEM should at least worth about $250 million market cap.  That would be around $10 per SEM.
2. SEM isn't even in an exchange yet.  The day SEM is being traded in an exchange, we should see a 100% increase in price.  
3. When SEM virtual machine comes out, it safe to assume will reach $1 Billion market cap.  Maybe, by that time, 1 SEM will be around $30.

I am in for the long run.. are you?

I will also hold the SEM for the long term. When the SEM will be released to the stock exchange, many will begin to sell and the price will drop very quickly. Hold to increase the price of $ 5 will be a great solution

[Ned Kelly]

I will also hold the SEM for the long term. When the SEM will be released to the stock exchange, many will begin to sell and the price will drop very quickly. Hold to increase the price of $ 5 will be a great solution

Price is $3 right now. You do not need exchanges to get it to $5.

[mdodong]

Right now in discord, you can't get SEM unless you pay about 23k satoshi btc per SEM.  Thats around $2.5 per SEM.  Given that SEM in circulation is about 25 million (the other 75 million is block rewards), we can say that the market cap is around $60+ million.

You don't correctly determine the number of coins in circulation. Coins that are in the hands of the developer can not be attributed to coins in circulation. Therefore now it is much less coins on hands. I did not count for sure, but something about 3-5 million. Only these coins are now available for sale. More precisely, they can be accessed if someone wants to sell them.  

Just for info: 3,629,289 SEM in votes.

Do you mean that developer doesn't join the voting process and validation?

That is correct. The following coins will not be part of the voting process and validation:

#   Balance                   % of coins    Address & Name   
1   9 866 788.89 SEM   39.5261%   0x541365fe0818ea0d2d7ab7f7bc79f719f5f72227 foundation (10M)   
2   5 988 483.96 SEM   23.9897%   0x1504263ee17446ea5f8b288e1c35d05749c0e47d community distribution (10M)   
3   4 553 279.97 SEM   18.2403%   0xe30c510f3efc6e2bf98ff8f725548e6ece568f89 founders premine

Source: https://semux.info/richlist

[ElizaZX]

I will also hold the SEM for the long term. When the SEM will be released to the stock exchange, many will begin to sell and the price will drop very quickly. Hold to increase the price of $ 5 will be a great solution

Price is $3 right now. You do not need exchanges to get it to $5.

That is achieved in the price of $ 5 per SEM, you still need some kind of progress that the price has risen from $ 3 to $ 5. I hope that there will be $ 10 in this case?