[ANN]🔵🔵 OYSTER 🔵🔵 Anonymous Storage Generates Revenue for Websites

[crypto_117]

Yes, it's getting close now. But I won't hold the PRL longterm because my trust in this project is not as strong as before. I've seen very strange things going on Kucoin, makes me wonder if it's not another scam.  

I am not surprised to see trolls are heading to this thread if you are not interested to hold this for long term than it is your own choice. But that is really strange to know how Kucoin is connected to this project that is just an exchange and in future this token will be on so many.

The concept of this project is great, but can we trust the anonymous developer? That's the real issue here.

Only the lead developer is anonymous. And I have no reason to not trust him. So far the team keept us updated on a regular basis and (even if the mainnet is delayed now) they try to stick to the roadmap.

Doesn't matter, it's a big weakness. He can dump millions of tokens whenever he wants and get away with it.

Not only him and his team but there are also some whales doing fancy stuff. Dumping at 6,500 , wtf was that about?

[crypto_117]

why this pump? any news?

Let's hope it's not an exit pump.

[flag39]

Hi! Is SHL trade-able in kucoin or anywhere else?

[abonarea]

A well organized fud campaign has started already as we are approaching towards launch of Main Net. If you can't provide which you can't to back your claim it is baseless accusation. You have expressed your concern and let the market and people to decide where to invest or not. I didn't want to comment on these few worded comments but they aren't stopping.

[addicto]

Hi! Is SHL trade-able in kucoin or anywhere else?

https://idex.market/eth/shl

Idex is the only exchange to trade this token right now. Hopefully soon it will be enter on other exchanges too but good time to buy more while it is cheap. It has very good potential both project have same dev behind so in future it will rise.

[Jon88]

why this pump? any news?

Let's hope it's not an exit pump.

It's already happening by the looks of it.

[larsbalzak]

why this pump? any news?

Let's hope it's not an exit pump.

It's already happening by the looks of it.

The devteam has promised to not dump on very low prices so maybe they are taking this chance to sell off their PRL's. This could be the reason why the price is crashing atm.
Keep in mind they released 6 million PRL last month so it could take a while to sell them all...

[ToTheMoon_XOM9IK]

Wallet Movement – As announced earlier today, we moved 6.7M from the main wallet to one of our holding wallets. These funds cover a wide variety of items, including (but not limited to):

• Long-Term Incentive Comp for Management

• Operations (salaries, services, marketing, PR, software, etc.)

• Other One-Time Items (listing fees, project-related fees, etc.)

As we have committed to quarterly movements (originally, at the behest of the community to provide better clarity around changes to our main developer wallet), we tend to over-estimate our funding need and envision that we will not need to move or sell that amount in order to raise any necessary funds. Given the volatility within this space, we would prefer to be conservative there than potentially underestimate a funding need due to near-term selling pressure.

Unlike traditional ICO’s, the Oyster team is not sitting on a treasure trove of funding that provides cash runway for years to come. We need to continuously raise funding in order to keep everything in motion and unfortunately that means we need to occasionally sell PRL into the market. As a business (and as the only individual selling PRL in the company’s name), we go out of our way to ensure any sales we do ultimately make have no significant market impact and never “bully” the market. We realize the timing of the wallet movement with the airdrop delay announcement was a poor look optically but this has been publicly stated since mid-February. Any allegations of impropriety leading up to the SHL announcement are without merit.

Regardless, we apologize for a tumultuous series of events and any near-term volatility that may have occurred as a result. We are supremely confident in the near and long-term vision of the project and hope all within our community feel the same way.
Thanks,

Bil (CFO)

[Muffintop12]

why this pump? any news?

Let's hope it's not an exit pump.

It's already happening by the looks of it.

The devteam has promised to not dump on very low prices so maybe they are taking this chance to sell off their PRL's. This could be the reason why the price is crashing atm.
Keep in mind they released 6 million PRL last month so it could take a while to sell them all...

What price crashing are you talking about? Jesus, calm down! The price has risen in the last few days so some people are monetizing their gains. Nothing more...

Guys have a look at all those sell orders. 320K PRL sitting there before reaching a price of 10K sats.. PATHETIC!

[Ano]

I bought PRL before snapshot event because I believe this project will be succeed. But Now now SHL in my wallet exchange

https://news.kucoin.com/en/shl-airdrop-for-prl-holders-has-been-distributed/

If your tokens are still sitting on exchange wallet than you should take action before they will lift their support for this withdraw. This will create problem for users who are not following the updates.

[MandatoryOption]

Yes, it's getting close now. But I won't hold the PRL longterm because my trust in this project is not as strong as before. I've seen very strange things going on Kucoin, makes me wonder if it's not another scam.  

I am not surprised to see trolls are heading to this thread if you are not interested to hold this for long term than it is your own choice. But that is really strange to know how Kucoin is connected to this project that is just an exchange and in future this token will be on so many.

The concept of this project is great, but can we trust the anonymous developer? That's the real issue here.

Only the lead developer is anonymous. And I have no reason to not trust him. So far the team keept us updated on a regular basis and (even if the mainnet is delayed now) they try to stick to the roadmap.

Doesn't matter, it's a big weakness. He can dump millions of tokens whenever he wants and get away with it.

Not only him and his team but there are also some whales doing fancy stuff. Dumping at 6,500 , wtf was that about?

Do you have a personal grudge against PRL or why are you spreading missinformation?! Only because Bruno didn't reveal his identity doesn't mean he can dump his tokens. They have a strict plan when they are going to sell part of their development fund to cover up running expenses. All this 'insider trading' rumours and 'the team dumping their tokens' is just complete garbage FUD.

[yra1206]

I bought PRL before snapshot event because I believe this project will be succeed. But Now now SHL in my wallet exchange

https://news.kucoin.com/en/shl-airdrop-for-prl-holders-has-been-distributed/

If your tokens are still sitting on exchange wallet than you should take action before they will lift their support for this withdraw. This will create problem for users who are not following the updates.

I mean, as far as I understand, you need to withdraw SHL tokens from kucoin before May 20, otherwise they will be lost?

[remol]

Yes, it's getting close now. But I won't hold the PRL longterm because my trust in this project is not as strong as before. I've seen very strange things going on Kucoin, makes me wonder if it's not another scam.  

I am not surprised to see trolls are heading to this thread if you are not interested to hold this for long term than it is your own choice. But that is really strange to know how Kucoin is connected to this project that is just an exchange and in future this token will be on so many.

The concept of this project is great, but can we trust the anonymous developer? That's the real issue here.

Only the lead developer is anonymous. And I have no reason to not trust him. So far the team keept us updated on a regular basis and (even if the mainnet is delayed now) they try to stick to the roadmap.

Doesn't matter, it's a big weakness. He can dump millions of tokens whenever he wants and get away with it.

Not only him and his team but there are also some whales doing fancy stuff. Dumping at 6,500 , wtf was that about?

Do you have a personal grudge against PRL or why are you spreading missinformation?! Only because Bruno didn't reveal his identity doesn't mean he can dump his tokens. They have a strict plan when they are going to sell part of their development fund to cover up running expenses. All this 'insider trading' rumours and 'the team dumping their tokens' is just complete garbage FUD.

This is called multi-account orchestrated FUD, man. That's not nice at all...

[crypto_117]

This is called multi-account orchestrated FUD, man. That's not nice at all...

This is the only account I have, not nice from you. 

[ToTheMoon_XOM9IK]

Mainnet Progress Update #3

https://medium.com/oysterprotocol/mainnet-progress-update-3-108c18d8e05b

With a little under three weeks until the Oyster Mainnet launch, the Oyster development team has been extremely diligent in completing all the work necessary to ensure a successful launch. Today’s post will detail the work completed for the week of May 6th — May 11th.

This week, the development team made further efficiency improvements to the polling logic on the web interface as well as implemented and QA’d encryption and decryption on the broker node and web node to ensure the algorithms produced the same outputs for the same input. Additionally, the team implemented a logic change so that the frequency of the broker nodes’ chunk processing task would dynamically adjust based on the broker nodes’ proof-of-work performance.

Further work was completed on the treasure-claiming logic associated with the broker nodes, which is needed for the revenue-generating potential of the Oyster protocol. For example, in order for the web node to earn treasure for a website owner, the web node reports that it finished the proof-of-work for a sector of the data map of an uploaded file. Then, the broker node will query the private tangle to ensure the web node did the proof-of-work within the last epoch (e.g., the current year).

The development team also completed implementing circular treasure hunting flow on the web nodes and continued work on the treasure-claiming logic after a sector has finished uploading. Additionally, the development team has been working on ensuring that a web node does not overuse a device’s resources when performing intensive tasks like proof-of-work or treasure-hunting. Furthermore, the team is working on offloading the work to a background job and throttling CPU usage when necessary.

Finally, the team worked on OysterPearl contract integration with broker nodes to allow method calls to enact the various smart contract functions. The team also worked on unit testing the broker node Ethereum gateway and Oysterby network configuration, adding two new peer nodes to the internal network. Also, the team completed working on updating the web storage interface for the Mainnet release, as well as building the Oyster consent overlays that will be displayed to website visitors when they visit a site using the Oyster protocol.

We will continue to update the community on Mainnet progress every week leading up to the launch date of May 29th. Any questions or comments are encouraged to be posted to our Reddit, or Telegram channel

[DavidXXXX]

I'm looking forward for the moment that this coin appears on CMC

[remol]

I'm looking forward for the moment that this coin appears on CMC

You mean SHL? I wouldn't wait and sell them straight away on Idex.

Then I'll buy 'em all, like I did with PRL when the bounty hunters sold PRL to me at $0,007 back in november

Sell them to me straight away on Idex!

[saugwurm]

We will continue to update the community on Mainnet progress every week leading up to the launch date of May 29th. Any questions or comments are encouraged to be posted to our Reddit, or Telegram channel

Thanks for the update. Looking forward for end of May. So for my understanding there will be no swap when mainnet is released, the token stays ERC20, right? Do you plan to swap PRL to the IOTA Tangle once they have token support?

[memii]

Another development update came in front of me to read interesting things which were done during last week. Oyster team is doing amazing work though some technical terms are hard to understand but overall meaning of the whole content is easy for everyone whether reader ha stechnical background or not. I will appreciate this effort to keep us update on weekly basis.

[ToTheMoon_XOM9IK]

Thanks for the update. Looking forward for end of May. So for my understanding there will be no swap when mainnet is released, the token stays ERC20, right? Do you plan to swap PRL to the IOTA Tangle once they have token support?

Oyster mainnet has nothing to do with an own blockchain. Both PRL and SHL will remain ERC20.