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enigmatical
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December 07, 2017, 08:21:28 PM |
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LWF coin will be the standard method of payment on the platform. Sorry, but will there be any other payment options?
Yes of course, a wide range of payment methods is accepted: LWF and Fiat (USD/EUR) through selected gateways. The same channel would be available for withdrawal of profits by the brokerage service providers. |
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JooBra
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December 07, 2017, 08:47:41 PM |
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LWF coin will be the standard method of payment on the platform. Sorry, but will there be any other payment options?
Yes of course, a wide range of payment methods is accepted: LWF and Fiat (USD/EUR) through selected gateways. The same channel would be available for withdrawal of profits by the brokerage service providers. Beside using fiat you can also use other cryptocurrencies. Fiat money and cryptocurrencies you will convert in LWF token which you will use for ordering the packets or some other options on the LWF platform. |
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g8stTDas
Member
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Activity: 224
Merit: 10
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December 07, 2017, 08:48:13 PM |
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Hello. As I understand, delegates will be chosen by community through the vote. But how do you become a candidate, to go to a vote?
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dredson1983
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December 07, 2017, 09:05:48 PM |
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Hello. As I understand, delegates will be chosen by community through the vote. But how do you become a candidate, to go to a vote?
To be a delegate you need to register as delegate. For this you spend 5 LWF coin. For now, we only have the testnet delegate. You can register in the wallet. |
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JooBra
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December 07, 2017, 09:42:17 PM |
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Hello. As I understand, delegates will be chosen by community through the vote. But how do you become a candidate, to go to a vote?
To be a delegate you need to register as delegate. For this you spend 5 LWF coin. For now, we only have the testnet delegate. You can register in the wallet. First you register in the wallet then they vote here is about it from whitepaper: "These delegates, elected by the whole network with a democratic voting system, validate each every single transaction on the LWF network. Within this DPOS system each delegate recieves 5 LWF coins for forging a new block. If within that block the delegate processes a number of transactions, they receive transaction fees in addition.These rewards are used in order for the delegates to cover their operating costs required to maintain their main net servers. " |
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bars_kz
Member
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Activity: 224
Merit: 10
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December 07, 2017, 09:50:08 PM |
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Welcome. I don't quite understand what are chain and network transactions. Can someone explain this to me, if it’s not difficult?
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dredson1983
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December 08, 2017, 12:23:30 AM |
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Welcome. I don't quite understand what are chain and network transactions. Can someone explain this to me, if it’s not difficult?
All the transaction, that is when someone send some LWF coin to another, is registered in a chain, that is called Blockchain. So every coin has the transaction registered in the Blockchain. And in LwF, the delegates help to register this and then receive a reward. |
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JooBra
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December 08, 2017, 09:51:05 PM |
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Welcome. I don't quite understand what are chain and network transactions. Can someone explain this to me, if it’s not difficult?
The blockchain is a shared public ledger on which the entire LWF coin network relies. All confirmed transactions are included in the blockchain. This way, LWF wallets can calculate their spendable balance and new transactions can be verified to be spending LWF coin that are actually owned by the spender. The integrity and the chronological order of the blockchain are enforced with cryptography. |
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askon
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December 09, 2017, 07:49:56 AM |
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Hi. What is the maximum bonus I can get as an “early supporter”?
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californybit
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December 09, 2017, 07:51:57 AM |
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Hi. What is the maximum bonus I can get as an “early supporter”?
As far as I know the maximum bonus is 45% but you have to invest big amount of money. |
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MadduckUK
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December 09, 2017, 08:05:41 AM |
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Hey everyone. Where does “early supporters” program start? Do I still have time to join?
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hunterofmoney
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December 09, 2017, 08:07:49 AM |
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Good day. I don't really understand the way your phone democratic system works. Does anyone have the right to participate? What should be done?
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spottcoin
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December 09, 2017, 08:09:49 AM |
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Hey everyone. Where does “early supporters” program start? Do I still have time to join?
program is going to start on January 14 so you still have time left. |
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pendul
Member
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Activity: 140
Merit: 10
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December 09, 2017, 08:12:09 AM |
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What about delivery insurance? is there any companies already prepared to supply people with that?
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Mat24
Member
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Activity: 238
Merit: 10
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December 09, 2017, 08:13:11 AM |
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Good day. I don't really understand the way your phone democratic system works. Does anyone have the right to participate? What should be done?
You're confusing political elections and the voting system within our platform. The main thing when it comes to our election is abilities of the candidates as well as their hard work. |
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hunterofmoney
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December 09, 2017, 08:15:01 AM |
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Good day. I don't really understand the way your phone democratic system works. Does anyone have the right to participate? What should be done?
You're confusing political elections and the voting system within our platform. The main thing when it comes to our election is abilities of the candidates as well as their hard work. Yes, I agree. But this first thing that comes to my mind when I hear elections is politics. Can you tell me whether candidates get paid or they're working for free? |
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Mat24
Member
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Activity: 238
Merit: 10
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December 09, 2017, 08:17:54 AM |
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Good day. I don't really understand the way your phone democratic system works. Does anyone have the right to participate? What should be done?
You're confusing political elections and the voting system within our platform. The main thing when it comes to our election is abilities of the candidates as well as their hard work. Yes, I agree. But this first thing that comes to my mind when I hear elections is politics. Can you tell me whether candidates get paid or they're working for free? Their main objective is all their transactions are valid within the platform. They're going to get 5 LWF for each block. |
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hunterofmoney
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December 09, 2017, 08:21:36 AM |
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Good day. I don't really understand the way your phone democratic system works. Does anyone have the right to participate? What should be done?
You're confusing political elections and the voting system within our platform. The main thing when it comes to our election is abilities of the candidates as well as their hard work. Yes, I agree. But this first thing that comes to my mind when I hear elections is politics. Can you tell me whether candidates get paid or they're working for free? Their main objective is all their transactions are valid within the platform. They're going to get 5 LWF for each block. Got it, thanks. What if there is a fee for a transaction? Are they going to get the part of it ? I think it would be fair. |
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bit679
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December 09, 2017, 08:23:04 AM |
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Does every candidate have to pay rent as well as pay for hardware service or platform will cover these expenses?
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dredson1983
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December 09, 2017, 09:12:51 AM |
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Good day. I don't really understand the way your phone democratic system works. Does anyone have the right to participate? What should be done?
You're confusing political elections and the voting system within our platform. The main thing when it comes to our election is abilities of the candidates as well as their hard work. Yes, I agree. But this first thing that comes to my mind when I hear elections is politics. Can you tell me whether candidates get paid or they're working for free? Their main objective is all their transactions are valid within the platform. They're going to get 5 LWF for each block. Got it, thanks. What if there is a fee for a transaction? Are they going to get the part of it ? I think it would be fair. Yeah. You have a 0.1 LWF fee for each transaction. So for each forged block, the delegate will receove 5 LWF plus 0.1 LWF for each transaction in that block. |
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