[ANN] [NO ICO] Monero Lite (XMRL) - Anonymous Transactions, Secure and Fast.

[Juudai]

Basically there is a pre-mine. You just have to pay so you can access it, what a sham.

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[monero-lite]

Basically there is a pre-mine. You just have to pay so you can access it, what a sham.

No, this is not a scam, pre-mining is when dev extracts a genesis block containing millions of coins, this was not done in this project, it does not have pre-mining.

The campaign is to raise funds to list Monero Lite in an exchange, exchanges only agree to list a new crypto-currency if it pays.

The campaign will also to keep the project alive ,as there is no pre-mining.

[monero-lite]

Attention:

We can delay in replying to all via PM, due to high demand (thanks all), and also because the Monero Lite account in the forum is new, has certain limitations, so if we delay responding is because we are responding to all by order of receipt.

[monero-lite]

nice now we have lite monero and monero lite

From now on it's all the same, it's the same team working.

we just changed the name and some details.

[ddc_dev1]

Very interesting project. Good luck guys

[ROBERTO]

I was excited when i saw your first thread and fair launch on 12 october, but what is happen now doesn't look good! Already more then 4k blocks mined is equal to a pre-mine for me and not a fair launch

[monero-lite]

•No Pre-Mining ?
Blockchain Height: 4579

we were running tests on the network, we get only 150 coins that will be to finance the project. (common mining)

What is the block reward? 150 coins per block?

currently the reward for finding a block is 0.141600 XMRL.

the tendency is that it is more difficult to find a block if compared to Monero, so we are confident that it can be worth more than the monero itself, obviously if there is a public adherence to the project.

[monero-lite]

I was excited when i saw your first thread and fair launch on 12 october, but what is happen now doesn't look good! Already more then 4k blocks mined is equal to a pre-mine for me and not a fair launch

The big problem with the new crypto-currencies is that they start without a fund to list in an exchange, so the vast majority die in a short time, we are campaigning to raise funds to list XMRL in one or several exchanges, and also to maintain the project.

It does not have pre-mining with block extraction genesis, the term pre-mining in blockchain is used when the dev uses block genesis extraction to mine millions of coins, it seems that few know this, when a dev does this, it holds mining for himself to mine the genesis block, this was not done in this project, we have a clean purpose and no frauds or mistakes.

maybe you feel wronged for not being able to mining now, but this is for the good of the project, we have to raise funds to list XMRL in the future in one or several exchanges, since the exchanges only accept listing a crypto-currency with a payment of a large amount ...

[glasbren]

Monero lite will be a highly reliable cryptocurrency transaction solution, as it supports excellent features and specs.

[monero-lite]

Very interesting project. Good luck guys

we appreciate the support, this is very important for the project  

[damNmad]

I do appreciate that you are getting so many PM's, hope you respond to mine soon so that I can go to bed LOL 

[redsun17]

•No Pre-Mining ?
Blockchain Height: 4579

we were running tests on the network, we get only 150 coins that will be to finance the project. (common mining)

What is the block reward? 150 coins per block?

currently the reward for finding a block is 0.141600 XMRL.

the tendency is that it is more difficult to find a block if compared to Monero, so we are confident that it can be worth more than the monero itself, obviously if there is a public adherence to the project.

Here are the problems.  I'm trying to give you honest feedback, not FUD.  This is why you feel like a bad project:

1) You admit to a 4000+ block pre-mine, but you insist on leaving "No Pre-Mining" in your ANN.  This is dishonest.  What does it matter whether you got the coins from the genesis block or from mining yourself? Does that affect the economics of the coin AT ALL?  No.

2) You claim "No ICO", but you are collecting money in return for early access to coins.  Even if the early access is mining-based, not a token distribution, this is still an ICO.  Does the fact that you are selling rights to mine instead of coins themselves affect the economics AT ALL?  no.

3) You keep treating the number of coins as a relevant unit of measure.  The number of coins does not define the value of a project.  If you think less coins = more value, why not just make a project with one coin?  Then as long as you have $90 invested, boom, you are priced higher than Monero.  The reason this is stupid is that value is defined by MARKET CAP, not PRICE.  So you can make your block reward as small as you want, but your PROJECT is what needs high value, not individual coins.  You seem to fail to understand this with your pre-mine too.  The level of pre-mine is defined by how many blocks it is, not how many coins it is.  Otherwise, you could make the block reward 0.00000001, pre-mine 100 MILLION blocks, and then say "we only pre-mined one coin".  Do you see how stupid it is to think in terms of # of coins, and not in terms of # of blocks and total supply?


Edit: In fact, you said it's harder to find a block than in Monero.  So you have pre-mined over 4000 of something that will be very hard for others to catch up to.

[kamikadze69]

Reserve indonesian translation if needed

Bitcointalk account URL: https://bitcointalk.org/index.php?action=profile;u=41126;sa=summary
Bitcointalk name: kamikadze69
language: Indonesia
Rank: Hero Member
Your choice to translate: (ANN, BOUNTY and WP)
Are you ready to post and moderate: yes
Translation portfolio link:
https://bitcointalk.org/index.php?topic=2204271.0
https://bitcointalk.org/index.php?topic=2174485.0
https://bitcointalk.org/index.php?topic=2203892.0
https://bitcointalk.org/index.php?topic=2195720.0
https://bitcointalk.org/index.php?topic=2196235.0
https://docs.google.com/document/d/1zCVyjAkUDG-F3Rx7TjSIWCfJ_QHhgGnh35Uknxm9P-Y/edit
ETH address: 0x6660fa51A3544b4a423889CC4D54C12ADe1B8D86
BTC address: 1MoKKrW4LRJjsVijnvp8M7DJMLogiSm8cP


regards

[zuzuca]

I was excited when i saw your first thread and fair launch on 12 october, but what is happen now doesn't look good! Already more then 4k blocks mined is equal to a pre-mine for me and not a fair launch

waaay too many x-coin clones lately. my bet? most of them are scam attempts.

[monero-lite]

•No Pre-Mining ?
Blockchain Height: 4579

we were running tests on the network, we get only 150 coins that will be to finance the project. (common mining)

What is the block reward? 150 coins per block?

currently the reward for finding a block is 0.141600 XMRL.

the tendency is that it is more difficult to find a block if compared to Monero, so we are confident that it can be worth more than the monero itself, obviously if there is a public adherence to the project.

Here are the problems.  I'm trying to give you honest feedback, not FUD.  This is why you feel like a bad project:

1) You admit to a 4000+ block pre-mine, but you insist on leaving "No Pre-Mining" in your ANN.  This is dishonest.  What does it matter whether you got the coins from the genesis block or from mining yourself? Does that affect the economics of the coin AT ALL?  No.

2) You claim "No ICO", but you are collecting money in return for early access to coins.  Even if the early access is mining-based, not a token distribution, this is still an ICO.  Does the fact that you are selling rights to mine instead of coins themselves affect the economics AT ALL?  no.

3) You keep treating the number of coins as a relevant unit of measure.  The number of coins does not define the value of a project.  If you think less coins = more value, why not just make a project with one coin?  Then as long as you have $90 invested, boom, you are priced higher than Monero.  The reason this is stupid is that value is defined by MARKET CAP, not PRICE.  So you can make your block reward as small as you want, but your PROJECT is what needs high value, not individual coins.  You seem to fail to understand this with your pre-mine too.  The level of pre-mine is defined by how many blocks it is, not how many coins it is.  Otherwise, you could make the block reward 0.00000001, pre-mine 100 MILLION blocks, and then say "we only pre-mined one coin".  Do you see how stupid it is to think in terms of # of coins, and not in terms of # of blocks and total supply?


Edit: In fact, you said it's harder to find a block than in Monero.  So you have pre-mined over 4000 of something that will be very hard for others to catch up to.

I already answered explaining the term pre-mining (look at the answers in this topic)

It is not an ICO, we are not selling currencies, but we are providing mining only to whoever finances the project (consider financing, or donating).

What I have said about the value of the currency, is an example, do not take it as something real, but yes, it may occur, it is recognized that coins with few units have higher appreciation, Monero Lite has an emission rate of 25, supply and demand can either value or devalue a crypto-currency, the less it has in the market and there is more demand, it will appreciate, a clear example of this was Zcash at the beginning.

Note that people may be suspicious of the project, it is normal because there are hundreds of new crypto-currencies and there have been many scams (eg adamcoin), but this project is different, we do not have pre-mining (block genesis extraction with millions of coins) , we are handing out the portfolios to those who are participating in the Antecipate Mining Campaign.

[Baiazid]

Reserve indonesian translation if needed

Bitcointalk account URL: https://bitcointalk.org/index.php?action=profile;u=41126;sa=summary
Bitcointalk name: kamikadze69
language: Indonesia
Rank: Hero Member
Your choice to translate: (ANN, BOUNTY and WP)
Are you ready to post and moderate: yes
Translation portfolio link:
https://bitcointalk.org/index.php?topic=2204271.0
https://bitcointalk.org/index.php?topic=2174485.0
https://bitcointalk.org/index.php?topic=2203892.0
https://bitcointalk.org/index.php?topic=2195720.0
https://bitcointalk.org/index.php?topic=2196235.0
https://docs.google.com/document/d/1zCVyjAkUDG-F3Rx7TjSIWCfJ_QHhgGnh35Uknxm9P-Y/edit
ETH address: 0x6660fa51A3544b4a423889CC4D54C12ADe1B8D86
BTC address: 1MoKKrW4LRJjsVijnvp8M7DJMLogiSm8cP


regards

Why would you want to translate this?

[sic57005]

I can not understand whats the difference between XMRL and XMR? I expected to see comparison and whitepaper, but there's nothing of it.

[monero-lite]

I do appreciate that you are getting so many PM's, hope you respond to mine soon so that I can go to bed LOL 

Sorry for the delay, the demand is great, but we already sent a PM with the link so you can download of your wallet and start mining.

Thanks for participating in the campaign.

[monero-lite]

I can not understand whats the difference between XMRL and XMR? I expected to see comparison and whitepaper, but there's nothing of it.

Wait, project is new, we are still structuring ourselves, we are working on the basics that is essential for crypto-currency.

[vitneu]

I do not see any statistics. I got the wallet number. It's him, am I right?  TmGyfftmvmsPm1iY5FT4BmXoyPv23pZbaWqHYD57DCKXCGpmfE5kNKj3hJ
mXikez2mBXqdRZTFkEZAzAtwfAF3jz1q7P67mv6