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 Author Topic: [ANN] [KMC] Kripto Marka Coin  (Read 53050 times)
Qraq
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 November 10, 2017, 07:27:50 PM

The 3.5 % is not realistic. What if master node to keep? The price will be on the bottom.

What are you basing this on?  Why is 3.5% too small?  Do you have an actual argument?

There are 960 blocks/day, and 25 KMC/block.  If the masternode reward is 3.5%, that is 0.035 x 960 x 25 = 840 KMC/day for masternodes.  Why do you think that is too small?

If you have 100 masternodes with a 2000 KMC requirement, then each masternode gets 8.4 KMC/day.  That is over 3000 KMC/year.  So you turn 2000 KMC into 5000 KMC after one year, with a 3.5% reward (if there are 100 masternodes).  On what basis are you saying this is too small?

Please don't argue that it should be 35% just because other coins do that.  KMC looks like it is doing something different from other shitclones, so we should try to make it sustainable.  If you think 3.5% is too low, provide an actual argument for why.  I'm not saying 3.% is the right number, but I'd like to see someone make an actual case for something different.

Well, let's look at some other coins.
INNOVA: 50% reward to MN = 7200 coins per day, 308 MN - 23.37 coin/day.
DESIRE: 20% reward to MN = 2304 coins per day, 268 MN - 8,6 coin/day.

804 coin per day for 200 MN - it's only 4 coin for MN. But I expect more than 200 MN even the cost of each will be more than 0.25 BTC.
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dunedainbob
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 November 10, 2017, 07:55:13 PM

The 3.5 % is not realistic. What if master node to keep? The price will be on the bottom.

What are you basing this on?  Why is 3.5% too small?  Do you have an actual argument?

There are 960 blocks/day, and 25 KMC/block.  If the masternode reward is 3.5%, that is 0.035 x 960 x 25 = 840 KMC/day for masternodes.  Why do you think that is too small?

If you have 100 masternodes with a 2000 KMC requirement, then each masternode gets 8.4 KMC/day.  That is over 3000 KMC/year.  So you turn 2000 KMC into 5000 KMC after one year, with a 3.5% reward (if there are 100 masternodes).  On what basis are you saying this is too small?

Please don't argue that it should be 35% just because other coins do that.  KMC looks like it is doing something different from other shitclones, so we should try to make it sustainable.  If you think 3.5% is too low, provide an actual argument for why.  I'm not saying 3.% is the right number, but I'd like to see someone make an actual case for something different.

Well, let's look at some other coins.
INNOVA: 50% reward to MN = 7200 coins per day, 308 MN - 23.37 coin/day.
DESIRE: 20% reward to MN = 2304 coins per day, 268 MN - 8,6 coin/day.

804 coin per day for 200 MN - it's only 4 coin for MN. But I expect more than 200 MN even the cost of each will be more than 0.25 BTC.

Thank you for providing some actual numbers, it will lead to a more productive conversation.  I would have two questions in response to your post:

1) Are INN and DSR good comparables?  They have gained massive value since their launches, but we don't actually know yet if that growth is sustainable.  Are there any 6 or 12 month-old masternode coins that could serve as a better basis for successful masternode reward %?

2) How many masternodes do you think we'll hit?  After 3 months (which is older than DSR or Innova) we would have a total supply of 90 days * 960 blocks/day * 25 KMC/block = 2.16 million KMC.   If we set the masternode collateral at 2000, that would mean a potential 864 nodes, although in my experience only about 40-50% of masternode coins end up going into nodes (meaning closer to 430 nodes).  So, we would need a reward closer to 15% to get 8+ KMC/day.

What do people think of a 15% reward, assuming we think DSR is a good comparable (just for masternode stuff, KMC will actually be a lot stronger than DSR because of the no-premine etc)?  Might be a good compromise so that people don't think it's too small, but at the same time it's not giving something ridiculous like 50% rewards for no reason.

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beybietron
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AcVDC8b55Co8TBtZdQC96i9GZgBCUisBb5

 November 10, 2017, 07:59:15 PM

Is there any plan to make a wallet with a graphical interface? I don't mind command line, but I think it will require some kind of interface for this to become mainstream.

dunedainbob
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 November 10, 2017, 08:05:51 PM

Is there any plan to make a wallet with a graphical interface? I don't mind command line, but I think it will require some kind of interface for this to become mainstream.

Yes, dev said within a week:

...

we will be releasing our GUI Wallet within the next week.

...

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Qraq
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 November 10, 2017, 08:34:36 PM

The 3.5 % is not realistic. What if master node to keep? The price will be on the bottom.

What are you basing this on?  Why is 3.5% too small?  Do you have an actual argument?

There are 960 blocks/day, and 25 KMC/block.  If the masternode reward is 3.5%, that is 0.035 x 960 x 25 = 840 KMC/day for masternodes.  Why do you think that is too small?

If you have 100 masternodes with a 2000 KMC requirement, then each masternode gets 8.4 KMC/day.  That is over 3000 KMC/year.  So you turn 2000 KMC into 5000 KMC after one year, with a 3.5% reward (if there are 100 masternodes).  On what basis are you saying this is too small?

Please don't argue that it should be 35% just because other coins do that.  KMC looks like it is doing something different from other shitclones, so we should try to make it sustainable.  If you think 3.5% is too low, provide an actual argument for why.  I'm not saying 3.% is the right number, but I'd like to see someone make an actual case for something different.

Well, let's look at some other coins.
INNOVA: 50% reward to MN = 7200 coins per day, 308 MN - 23.37 coin/day.
DESIRE: 20% reward to MN = 2304 coins per day, 268 MN - 8,6 coin/day.

804 coin per day for 200 MN - it's only 4 coin for MN. But I expect more than 200 MN even the cost of each will be more than 0.25 BTC.

Thank you for providing some actual numbers, it will lead to a more productive conversation.  I would have two questions in response to your post:

1) Are INN and DSR good comparables?  They have gained massive value since their launches, but we don't actually know yet if that growth is sustainable.  Are there any 6 or 12 month-old masternode coins that could serve as a better basis for successful masternode reward %?

2) How many masternodes do you think we'll hit?  After 3 months (which is older than DSR or Innova) we would have a total supply of 90 days * 960 blocks/day * 25 KMC/block = 2.16 million KMC.   If we set the masternode collateral at 2000, that would mean a potential 864 nodes, although in my experience only about 40-50% of masternode coins end up going into nodes (meaning closer to 430 nodes).  So, we would need a reward closer to 15% to get 8+ KMC/day.

What do people think of a 15% reward, assuming we think DSR is a good comparable (just for masternode stuff, KMC will actually be a lot stronger than DSR because of the no-premine etc)?  Might be a good compromise so that people don't think it's too small, but at the same time it's not giving something ridiculous like 50% rewards for no reason.

May be INN and DSR not good comparables. I compare projects that start this autumn.

We can also look at VIVO: as INN it has 50% reward to MN but this reward is lower - only 10 coins, 3600 coins for nodes.

VIVO started on August, 22, and now there are 510 MN. Coin price is \$4.61. Reward - 50%.
INN started on October, 19, and now has 308 MN. Coin price is \$4.52. Reward - 50%.
DSR started on October, 15, and now has 268 MN. Coin price is \$0.61. Reward - 20%.

All these projects had premine but is this significant for the cost? I think no.

When MN reward is high it is interesting to have masternode and people going not to sale their coins but put them to masternode. I'm affraid the low reward will force people not to lock coins in MN but to sell them and the cost will go down.
Children of Gaia
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 November 10, 2017, 08:37:20 PM

3.5% is complete bullshit. At least 20%, but better 40 - 10 for MN and 15 for miners.
nanofoxice
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 November 10, 2017, 08:47:58 PM

3.5% is complete bullshit. At least 20%, but better 40 - 10 for MN and 15 for miners.
+
Qraq
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 November 10, 2017, 08:53:37 PM

3.5% is complete bullshit. At least 20%, but better 40 - 10 for MN and 15 for miners.
Yes, that's real, even the reward is lowing each block.
eBunny6
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 November 10, 2017, 09:07:56 PM

So everyone here wants to say that projects like Zen, which has 3.5% reward for masternodes is a "shit" project and not viable... I think i know "a couple" of people that would disagree with you.

Quote
What are you basing this on?  Why is 3.5% too small?  Do you have an actual argument?

There are 960 blocks/day, and 25 KMC/block.  If the masternode reward is 3.5%, that is 0.035 x 960 x 25 = 840 KMC/day for masternodes.  Why do you think that is too small?

If you have 100 masternodes with a 2000 KMC requirement, then each masternode gets 8.4 KMC/day.  That is over 3000 KMC/year.  So you turn 2000 KMC into 5000 KMC after one year, with a 3.5% reward (if there are 100 masternodes).  On what basis are you saying this is too small?

Please don't argue that it should be 35% just because other coins do that.  KMC looks like it is doing something different from other shitclones, so we should try to make it sustainable.  If you think 3.5% is too low, provide an actual argument for why.  I'm not saying 3.% is the right number, but I'd like to see someone make an actual case for something different.

This, this is so right on the spot. Only argument for such a high reward is that some of you think that they can get rich over night. This coin is not about getting rich, this coin is about usability and implementation value. XRP-like usability. You want to get rich over night? Go and try your luck with some hyped shitcoins and stop trying to influence something you can't and don't understand. Or even better, go and make your own shitcoin with 50% rewards and lets see how long that lasts. Devs, you are doing marvelous job, and dont stop. I think this project has a bright future.
momie
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 November 10, 2017, 10:35:20 PMLast edit: November 11, 2017, 01:22:40 AM by momie

Kripto Marka or KMCoin is cryptocurrency based on cryptonote algorithm, which is mainly used for, and gives advantage to CPU mining.
Mark (DM) was largely used and was the most stable currency in Eastern Europe countries like: Bosnia and Herzegovina, Serbia, Croatia, Montenegro and several others. Out of all these countries only Bosnia accepted Mark (Convertible Mark) as its national currency which goes by the exchange rate of 1.95 per EURO. This means that the Mark is constantly exhanged in this ratio, 1.95 KM for 1 EURO.

Our main goal is to offer a way in to cryptocurrency world as alternitive to many different currencies which are being used in the region of Eastern Europe and mentioned coutries which share same languages. Our vision is to provide a common decentralised currency to the countries of Eastern Europe.

So dev mentioned the main goal okay??,and i know that he will succeed.

This is what's make for the coin a great value with or without Masternode.

As long as this is the main goal this coin will be in the top 100 within year or less.

Keep up the good work  KM-Team and You have a lot of mining support from B!H,and they are willing to hold..

DSgfaT2p5DgfWK8TEYS3NM3jKprTR9XB7c
momie
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 November 11, 2017, 01:04:14 AM

3.5% is complete bullshit. At least 20%, but better 40 - 10 for MN and 15 for miners.
Yes, that's real, even the reward is lowing each block.
3.5% is complete bullshit. At least 20%, but better 40 - 10 for MN and 15 for miners.

We don't know anything yet, and stop acting like u know everything that's your opinion,and everyone has.

DSgfaT2p5DgfWK8TEYS3NM3jKprTR9XB7c
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 November 11, 2017, 02:14:27 AM

Having made 30-40% you will attract large investors and this will determine the price of the coin, and if there will be 3-20% all will sell and the price will fall.  Personally, I'm not going to freeze money for a year to get just X2, it's easier to buy bitcoin for more profit. Noda should cost 2000-4000 \$, this will reduce the number of small players and make an attractive coin for larger investors.

tr4nscr1pt
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 November 11, 2017, 04:51:27 AM

tr4nscr1pt
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 November 11, 2017, 04:56:22 AM

Having made 30-40% you will attract large investors and this will determine the price of the coin, and if there will be 3-20% all will sell and the price will fall.  Personally, I'm not going to freeze money for a year to get just X2, it's easier to buy bitcoin for more profit. Noda should cost 2000-4000 \$, this will reduce the number of small players and make an attractive coin for larger investors.
We dont need large investors!!

What's the goal of "large investors"  ??

tr4nscr1pt
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 November 11, 2017, 05:01:03 AM

Kripto Marka or KMCoin is cryptocurrency based on cryptonote algorithm, which is mainly used for, and gives advantage to CPU mining.
Mark (DM) was largely used and was the most stable currency in Eastern Europe countries like: Bosnia and Herzegovina, Serbia, Croatia, Montenegro and several others. Out of all these countries only Bosnia accepted Mark (Convertible Mark) as its national currency which goes by the exchange rate of 1.95 per EURO. This means that the Mark is constantly exhanged in this ratio, 1.95 KM for 1 EURO.

Our main goal is to offer a way in to cryptocurrency world as alternitive to many different currencies which are being used in the region of Eastern Europe and mentioned coutries which share same languages. Our vision is to provide a common decentralised currency to the countries of Eastern Europe.

So dev mentioned the main goal okay??,and i know that he will succeed.

This is what's make for the coin a great value with or without Masternode.

As long as this is the main goal this coin will be in the top 100 within year or less.

Keep up the good work  KM-Team and You have a lot of mining support from B!H,and they are willing to hold..

Thank you, we're glad you found us before we started with the promotion
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 November 11, 2017, 05:43:47 AM

Having made 30-40% you will attract large investors and this will determine the price of the coin, and if there will be 3-20% all will sell and the price will fall.  Personally, I'm not going to freeze money for a year to get just X2, it's easier to buy bitcoin for more profit. Noda should cost 2000-4000 \$, this will reduce the number of small players and make an attractive coin for larger investors.
We dont need large investors!!

What's the goal of "large investors"  ??

Well, if you do not need large investors, then I'm sorry that my 10 1080ti were idle for 2 weeks. Who will buy 300 thousand coins, if not large investors, and in 2 weeks will be 600 thousand? 3.5% masternodes here definitely will not help, buy bitcoin will earn more.

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 November 11, 2017, 05:51:27 AM

And the nodes should be expensive, say 4000KMC, otherwise there will be too many of them, and there are not enough rewards.  It's hard to talk through an interpreter, I hope you can understand the meaning of my words.

zyvervago
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 November 11, 2017, 05:52:26 AM

If I don't mine enough coins for a Masternode, I'll have to buy the remaining. This will be a big project with great successs.
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StasyQ

 November 11, 2017, 10:44:44 AM

If you want your coin to grow you'll need stability and predictability, best thing you should do is to stick to what you said first time.

If you increase over night the block reward by 10%-20%-30%, the people who mined KMC until that time will get upset because their accumulated coins will lose value.
And if you do this once you'll lose predictability of the coin because you can do it again and again and every time you'll be increasing the inflation of KMC and decreasing it's value.

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fosograf
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 November 11, 2017, 12:12:17 PM

Hi, Dev! What news? Listing soon? )

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