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Author Topic: [ANN] YupCoin [YUP] Pos with Masternodes and Decentralized Governance  (Read 15738 times)
notforhire
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October 24, 2017, 04:20:46 AM
 #1




YupCoin



◢◤ Proof of Stake
Yup uses Proof of Stake technology to confirm transactions and keep the blockchain moving. This dramatically minimizes the impact on the environment, and allows anyone to participate, without the need for expensive mining gear.
◢◤ SeeSaw Reward Mechanism
The SeeSaw mechanism assures a healthy balance of stakers and Masternodes on the network by incentivising one or the other more based on the current network need. If there are not enough stakers a higher percentage of the block reward will be given to them than Masternodes, and vice versa until the appropriate balance is once again achieved. Ideally 1/3 of the coins in existence should be locked up in Masternodes, this allows for 1/3 of the coins to be staking, and 1/3 of the coins to be providing liquidity to the market and circulating among users. That seems about right, but could be altered if need be to promote a healthy network.
If 1/3 of the coins are in Masternodes the block reward would be equally split between the staker and Masternode.

◢◤ Decentralized Governance
Yup has a built in budget and voting system. Proposals can be made by anyone and are voted on by Masternodes. There are coins available to be used for projects related to Yup and its advancement, allowing anyone to contribute and be rewarded directly via the blockchain. The voting system can also be used to gauge support for any proposed changes to the coin or its underlying protocol.
◢◤ Masternode Network
Masternodes are responsible for facilitating the Mirage and UrgentX features. They are full nodes that run 24/7 and require collateral of 10,000 YUP to be locked. In exchange for providing this service, and locking up the coins, effectively reducing supply, the Masternode owner is rewarded a portion of the block rewards. The percent of the block rewards earned is variable, and based on the SeeSaw reward mechanism.

◢◤ Mirage
Mirage is the name of the decentralized mixing implementation that obfuscates and provides a greater degree of privacy/anonymity to the transactions of the YupCoin network. This is done via an improved version of Gregory Maxwell's CoinJoin. The Masternodes are responsible for making this possible in a completely decentralized fashion. This allows for a level of anonymity unacheivable by most bitcoin derivatives.
 

◢◤ UrgentX
UrgentX is a service that allows for near-instant transactions. Through this system, inputs can be locked to only specific transactions and verified by consensus of the Masternode network. Conflicting transactions and blocks are rejected. If a consensus cannot be reached, validation of the transaction occurs through standard block confirmation. UrgentX solves the double-spending problem without the need for longer confirmation times of other cryptocurriencies such as Bitcoin.



◢◤ Exchanges
coinsmarkets.com

◢◤ Block Explorer
Block Explorer

◢◤ Website
yupcrypto.com (work in progress)

◢◤ Join us on slack
Yup_Cryto slack



◢◤ PoS Reward Breakdown
PhaseBlock HeightBlock Reward
Phase 1201-2160050 YUP
Phase 221601-4320025 YUP
Phase 343201-Infinite10 YUP



______________________________________________________

◢◤ YupCoin - Downloads
Source code: https://github.com/notforhire/Yup
Windows Wallet: Windows 64
Linux Wallet: Linux 64
Mac wallet: Mac

______________________________________________________

◢◤ Specs
Block Reward: Variable based on SeeSaw Reward Mechanism
Transaction confirmations: 6
Coinbase confirmations: 40
Block time: 120 seconds
Total coins: Unlimited
Premine: 1 Million
Masternode collateral: 10,000 YUP

________________________________________


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moonswamp
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October 24, 2017, 04:23:39 AM
 #2

Total coins: infinite 。。。

is this coin mine-able or totally POS ?
jr_007
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October 24, 2017, 04:46:55 AM
 #3


Pure PoS . So you have to buy coin in ICO ?
manfromafar
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October 24, 2017, 05:07:01 AM
 #4

UMMM just so you know. The chains trying to pay a masternode that doesnt exist and we can validate blocks

Code:
2017-10-24 05:03:45 ERROR: CheckProofOfWork() : hash doesn't match nBits
2017-10-24 05:03:45 ERROR: CheckBlockHeader() : proof of work failed
2017-10-24 05:03:45 ERROR: CheckBlock() : CheckBlockHeader failed
2017-10-24 05:03:45 CreateNewBlock() : TestBlockValidity failed
2017-10-24 05:03:45 Masternode payment of 0.00 to 7J5eTAyegUcYZL69YkUHkbAHPxnGSp8Vmx

Operator of PoolofD32th family of pools.
kayson2
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October 24, 2017, 05:09:54 AM
 #5

So i only need run wallet for mining, right?
Or have buy some coin put in to my wallet
defyance
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October 24, 2017, 05:10:49 AM
 #6

ico price?
ico dates?
ico amounts?

you should rename this to pre-ann
defyance
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October 24, 2017, 05:12:15 AM
 #7

So i only need run wallet for mining, right?
Or have buy some coin put in to my wallet

proof of stake requires you to have a stake in the chain, in your wallet to receive pos rewards
kayson2
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October 24, 2017, 06:29:53 AM
 #8

So i only need run wallet for mining, right?
Or have buy some coin put in to my wallet

proof of stake requires you to have a stake in the chain, in your wallet to receive pos rewards

May i mining coin?
catcatcatcat
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October 24, 2017, 06:34:32 AM
 #9

Can I also premine pls?  Cheesy
bricktop8
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October 24, 2017, 11:34:12 AM
 #10

so how do we get the coins? ico, airdrop, pow  Huh

BTC: 3GdLrERaJsb1yuHDxoFx8JJVAqJpjk8ATn
ETH: 0xbc1188214be3DB51B1414c819112d61caa337F30
LTC: LRzTS7vx17adcgd6frRHxdSULcxUot3jVt
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October 24, 2017, 11:50:27 AM
 #11

So i only need run wallet for mining, right?
Or have buy some coin put in to my wallet

proof of stake requires you to have a stake in the chain, in your wallet to receive pos rewards

May i mining coin?

you can buy coins from dev and keep your wallet open, you will get stakes. No pow mining.
kayson2
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October 24, 2017, 01:04:53 PM
 #12

So i only need run wallet for mining, right?
Or have buy some coin put in to my wallet

proof of stake requires you to have a stake in the chain, in your wallet to receive pos rewards

May i mining coin?

you can buy coins from dev and keep your wallet open, you will get stakes. No pow mining.

how can i order? btw, any bouty, airdrop program??
celobr32
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October 24, 2017, 01:18:59 PM
 #13




YupCoin



◢◤ Proof of Stake
Yup uses Proof of Stake to confirm transactions and keep the blockchain moving. This minimizes the impact on the environment, and allows anyone to participate, without the need for expensive mining gear.
◢◤ SeeSaw Reward Mechanism
The SeeSaw mechanism assures a healthy balance of stakers and Masternodes on the network by incentivising one or the other more based on the current network need. If there are not enough stakers a higher percentage of the block reward will be given to them than Masternodes, and vice versa until the appropriate balance is once again achieved.
◢◤ Decentralized Governance
Yup has a built in budget and voting system. Proposals can be made by anyone and are voted on by Masternodes. There are coins available to be used for projects related to Yup and its advancement, allowing anyone to contribute and be rewarded directly via the blockchain. The voting system can also be used to gauge support for any proposed changes to the coin or its underlying protocol.
◢◤ Masternode Network
Masternodes are full nodes, just like in the Bitcoin network, except that they provide a level of service to the network and require collateral to participate. Collateral is never forfeited and is safe while the Masternode is operating. This allows investors to provide a service to the network, earn interest on their investment and reduce the volatility of the currency. In order to run a masternode, you're required to have 10,000 YUP and a static IP address.

Due to the nature of the Masternode rewards, the amount that you are going to receive is dependent on the total count of active Masternodes.

◢◤ Mirage
Mirage is the name of the decentralized mixing implementation that obfuscates and provides a greater degree of privacy/anonymity to the transactions of the BitSend network.
Obfuscation is achieved by using network nodes in order to break up and reroute the flow of money in a way that is hard to track down. Further obfuscation takes place by using similarly sized pools of money which makes it difficult to pin-down identical amounts to a certain transaction especially when multiple transactions are occurring simultaneously, all with the same amount of money. Multiple rounds of mixing are employed so that tracking payments becomes exceedingly difficult as the number of mixing rounds increases.

This process requires more time than normal transparent transactions as time is needed to accommodate the pooling of multiple transactions. To solve this issue, the ability to pre-mix coins has been implemented so that one can use "anonymized" coins right away.

◢◤ UrgentX
UrgentX is a service that allows for near-instant transactions. Through this system, inputs can be locked to only specific transactions and verified by consensus of the Masternode network. Conflicting transactions and blocks are rejected. If a consensus cannot be reached, validation of the transaction occurs through standard block confirmation. UrgentX solves the double-spending problem without the need for longer confirmation times of other cryptocurriencies such as Bitcoin.



◢◤ Exchanges
Coming Soon!!


◢◤ Services
Coming Soon!!


◢◤ Website
Coming Soon!!



◢◤ PoS Reward Breakdown
PhaseBlock HeightBlock Reward
Phase 1201-2160050 YUP
Phase 221601-4320025 YUP
Phase 343201-Infinite10 YUP



______________________________________________________

◢◤ YupCoin - Downloads
Source code: https://github.com/notforhire/Yup
Windows Wallet: https://github.com/notforhire/Yup/releases/download/v1.0.0.0/win_64.zip
Linux Wallet: https://github.com/notforhire/Yup/releases/download/v1.0.0.0/linux_64.tar.gz
Mac wallet: https://github.com/notforhire/Yup/releases/download/v1.0.0.0/osx.tar.gz

______________________________________________________

◢◤ Specs
Block Reward: Variable based on SeeSaw Reward Mechanism
Transaction confirmations: 6
Coinbase confirmations: 40
Block time: 120 seconds
Total coins: infinite
Premine: 1 Million
Masternode collateral: 10,000 YUP

________________________________________



Hello!

I waiting airdrop tks dev!
curapid
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October 24, 2017, 01:22:27 PM
 #14

It looks very promising!:)
dsaf89
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October 24, 2017, 01:59:51 PM
 #15

how to get coins

eth; 0x1a47eed67e86b2f5301f1e7d2a9a73c0f1d1943b
hug: H7N45ZXaUVJvSbvskuw1ybgYzuNwPCWK1H
hug nodeaddress: HTMvjybjqXAtkJbqXHEqKB639rtYScfa8G
yupcoin: 7Bpr9Y8wRo7b5dhfXVeSUjEQBk3AmVrsec
altcom: ARYLQaXt6ha1ekiQh7jJfW7TxKQZET7Jmf
xlr: SWKWaLgq6rafz7x8ypsvzo9iWYZVLmJ6kh
Apexcoin: XXkApUzvnWYGDaygUe39EavGRefQXuJ4Rt
Molikcoin: MJSotoZg3f6rR5Fmi6Jqrd2BDwVxBuDwqs
dsaf89
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October 24, 2017, 02:25:27 PM
 #16

how much coins per POS

eth; 0x1a47eed67e86b2f5301f1e7d2a9a73c0f1d1943b
hug: H7N45ZXaUVJvSbvskuw1ybgYzuNwPCWK1H
hug nodeaddress: HTMvjybjqXAtkJbqXHEqKB639rtYScfa8G
yupcoin: 7Bpr9Y8wRo7b5dhfXVeSUjEQBk3AmVrsec
altcom: ARYLQaXt6ha1ekiQh7jJfW7TxKQZET7Jmf
xlr: SWKWaLgq6rafz7x8ypsvzo9iWYZVLmJ6kh
Apexcoin: XXkApUzvnWYGDaygUe39EavGRefQXuJ4Rt
Molikcoin: MJSotoZg3f6rR5Fmi6Jqrd2BDwVxBuDwqs
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October 24, 2017, 02:28:41 PM
 #17

How to buy this coin?

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬


SteamOCtanePool.com Scam, Sopool.us scam -> https://bitcointalk.org/index.php?topic=2184386.msg22021350#msg22021350 . Stay away this pool!
davidkakeko
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October 24, 2017, 02:28:58 PM
 #18

wait for more updates
bounty and airdrop website

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dsaf89
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October 24, 2017, 03:10:16 PM
 #19

where to buy coins

eth; 0x1a47eed67e86b2f5301f1e7d2a9a73c0f1d1943b
hug: H7N45ZXaUVJvSbvskuw1ybgYzuNwPCWK1H
hug nodeaddress: HTMvjybjqXAtkJbqXHEqKB639rtYScfa8G
yupcoin: 7Bpr9Y8wRo7b5dhfXVeSUjEQBk3AmVrsec
altcom: ARYLQaXt6ha1ekiQh7jJfW7TxKQZET7Jmf
xlr: SWKWaLgq6rafz7x8ypsvzo9iWYZVLmJ6kh
Apexcoin: XXkApUzvnWYGDaygUe39EavGRefQXuJ4Rt
Molikcoin: MJSotoZg3f6rR5Fmi6Jqrd2BDwVxBuDwqs
notforhire
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October 25, 2017, 12:32:42 AM
 #20

Anyway, sorry for the delay guys. An issue arose with the chain after launching, someone had gotten ahold of the wallet before the actual launch and the chain kept getting corrupted when their wallet tried to connect. The issue is solved now, the premine is mined via PoW in the first 200 blocks, that is going on right now, I am going to put a couple checkpoints in the wallet and release a new version so that things can get started off right. I wanted to take care of that before even talking about how to get your hands on some coins.

Now, on to how to get some coins. We are going to do an air drop of some type, and we are ironing out the details now. In the meantime we will pay bounties for just about anything. If you have something to provide the community just shout.

In a few hours I will be push the updated wallets to github with the checkpoints. You will need to delete your data directory if you ran the version 1.0.0.0 wallet.

Once everything is up and running we'll send some coins around and then we can move on to other discussions.
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