[Official ANN]FREELABIT|FBF|Up to 15% Interest|No ICO|POW|Cryptonight

[jukKas]

Hi,

I have question about the interest. How's that working? Is it gathering by staking?

Please see:

Hi! Why did you make a deposit? Who pays me for it?

Can you elaborate?

I get a profit from the deposit, but why developers?

Why not?
You can safely deposit your Freelabit´s with an interest rate. 

It´s a blockchain based feature:  time-locked deposits with variable annual interest rate. 
In general it allows users to “lock” some of their FBF for a period of time (from one month to one year)
and after some time, withdraw it back with some interest as a part of main Freelabit supply.

Longer period gives users a bigger interest rate.

Deposits are implemented via new types of transaction output/outputs.  It includes amount,
destination key (or keys) and time (expressed in blocks) to lock. 

The transaction itself contains the field unlock-time
The transaction is included in the blockchain as usual and the counter starts.

When the lock expires user can spend this output as usual, but the new transaction volume
will be increased with the interest.  For example, if user makes a deposit of 1000 FBF for about
1 year an annual interest rate will be about 15% at the time of unlocking it will be 1150FBF.  It also means that deposits act as new source
of emission.

**See OP for table of rates

Also why there's misinformation about fee? Website states zero fee but OP here states that minimum fee is 0.001.

FreelaBit Coin Minimum Transaction Fee ("Miner´s Fee)---> 0.001

FreelaBit Freelancing Platform ---> 0% Fee

Thanks a lot with your answers. This clears a bit.

So there's that kind of locking feature in the FreelaBit wallet already?

[1714856113]

1714856113

[1714856113]

1714856113

[FreelaBit]

Hi,

I have question about the interest. How's that working? Is it gathering by staking?

Please see:

Hi! Why did you make a deposit? Who pays me for it?

Can you elaborate?

I get a profit from the deposit, but why developers?

Why not?
You can safely deposit your Freelabit´s with an interest rate.  

It´s a blockchain based feature:  time-locked deposits with variable annual interest rate.  
In general it allows users to “lock” some of their FBF for a period of time (from one month to one year)
and after some time, withdraw it back with some interest as a part of main Freelabit supply.

Longer period gives users a bigger interest rate.

Deposits are implemented via new types of transaction output/outputs.  It includes amount,
destination key (or keys) and time (expressed in blocks) to lock.  

The transaction itself contains the field unlock-time
The transaction is included in the blockchain as usual and the counter starts.

When the lock expires user can spend this output as usual, but the new transaction volume
will be increased with the interest.  For example, if user makes a deposit of 1000 FBF for about
1 year an annual interest rate will be about 15% at the time of unlocking it will be 1150FBF.  It also means that deposits act as new source
of emission.

**See OP for table of rates

Also why there's misinformation about fee? Website states zero fee but OP here states that minimum fee is 0.001.

FreelaBit Coin Minimum Transaction Fee ("Miner´s Fee")---> 0.001

FreelaBit Freelancing Platform ---> 0% Fee

Thanks a lot with your answers. This clears a bit.

So there's that kind of locking feature in the FreelaBit wallet already?

Yes, there is! Under Deposits tab on FreelaBit GUI wallet

[Master Carnegie]

Finally the airdrop will start to be distributed! There are approximately 2200 blocks missing, is this equivalent to 3 - 4 days?

[pomartin]

Finally the airdrop will start to be distributed! There are approximately 2200 blocks missing, is this equivalent to 3 - 4 days?

Considering block time of 2 minutes 2200 blocks would be 3 days yes.

[nomadedigital]

Finally the airdrop will start to be distributed! There are approximately 2200 blocks missing, is this equivalent to 3 - 4 days?

But, how? I mean..😳
Airdrop unlock block 45551
Current block height 42379
Block time 2minutes (the block target time is 120 seconds, but is not fixed, it is calculated at estimated network speed and current difficulty, seem blocks solve in 60 sec and others in 6 minutes but the average is 2 minutes)

So we have 45551-42379: 3172
In 24 hrs there are roughly 720 blocks
That is 4 days and pennies. But , since network hashrate is so variable it can be a matter of couple days only, that's my pov.

[andro hac]

**AIRDROP**

Block Height aproaching 45551 http://explorer.freelabit.xyz

Check your address on the sheet.

Transfers will be carried out soon after BH 45551 has been reached and will be completed within 12-24 hrs.

https://docs.google.com/spreadsheets/d/1bDm31ZcDCIqS_86FGSlxP25JtDdxC7PqvWD6oqGVxe0/edit?usp=sharing

well ,I see your address from the list ,thank you sir expected to airdroping

[FreelaBit]

**AIRDROP**

Block Height aproaching 45551 http://explorer.freelabit.xyz

Check your address on the sheet.

Transfers will be carried out soon after BH 45551 has been reached and will be completed within 12-24 hrs.

https://docs.google.com/spreadsheets/d/1bDm31ZcDCIqS_86FGSlxP25JtDdxC7PqvWD6oqGVxe0/edit?usp=sharing

well ,I see your address from the list ,thank you sir expected to airdroping

You mean, your address...

[andro hac]

**AIRDROP**

Block Height aproaching 45551 http://explorer.freelabit.xyz

Check your address on the sheet.

Transfers will be carried out soon after BH 45551 has been reached and will be completed within 12-24 hrs.

https://docs.google.com/spreadsheets/d/1bDm31ZcDCIqS_86FGSlxP25JtDdxC7PqvWD6oqGVxe0/edit?usp=sharing

well ,I see your address from the list ,thank you sir expected to airdroping

You mean, your address...

Yes sir,Google translate is sometimes not working well

[FreelaBit]

Cast your vote:

AltcoinBit Exchange Voting list:
https://altcoinbit.com/page/voting

Votes (1 vote = 1000 ALTBP) (Roughly USD 5.00)

We´re close to the top, every vote counts and will indeed make a difference!
Let´s get FBF to this trading platform.

[danspasiva]

Hey dev,

I'm a bit confused about the coin supply/mining.  Am i reading correctly that the maximum supply is 18 trillion??   And it only awards 10 coins per block every 2 minutes?  If so, how can this ever be profitable to mine?

Thanks

[koang]

Hello dev ...
I just filled out the airdrop form and I hope I'm not late.
Good luck for you project..

[samand]

HI I am unable to sync my wallet, its stuck on 1/1, is there a conf file I need to generate? Thanks.

[baliwae]

Cast your vote:

AltcoinBit Exchange Voting list:
https://altcoinbit.com/page/voting

Votes (1 vote = 1000 ALTBP) (Roughly USD 5.00)

We´re close to the top, every vote counts and will indeed make a difference!
Let´s get FBF to this trading platform.

vote vote +1

[lupanar]

Cast your vote:

AltcoinBit Exchange Voting list:
https://altcoinbit.com/page/voting

Votes (1 vote = 1000 ALTBP) (Roughly USD 5.00)

We´re close to the top, every vote counts and will indeed make a difference!
Let´s get FBF to this trading platform.

Voted! Cmon guys, lets do it!

[FreelaBit]

Hey dev,

I'm a bit confused about the coin supply/mining.  Am i reading correctly that the maximum supply is 18 trillion??   And it only awards 10 coins per block every 2 minutes?  If so, how can this ever be profitable to mine?

Thanks

Maximum FBF Supply & Deposits:

18,446,744,073,709 FBF

Decimal Points: 6

Minimum transaction fee: 0.001

Total amount of coins to be emitted: Most of CryptoNote-based coins use (uint64_t)(-1) (equals to 18446744073709551616).
Mind the decimal, its the same amount of units as other cryptonote coins, they put the decimal in a different place.


18,446,744.073709551616     -12  (monero)
184,467,440,737.09551616    -8   (bytecoin)
18,446,744,073,709.551616   -6   (FreelaBit)

[FreelaBit]

Hello dev ...
I just filled out the airdrop form and I hope I'm not late.
Good luck for you project..

Airdrop is still open!

[FreelaBit]

HI I am unable to sync my wallet, its stuck on 1/1, is there a conf file I need to generate? Thanks.

Are you behind a firewall?What OS?Have you tried to re-install it?

[baliwae]

do you receive my message about page translation?

thank you!

[FreelaBit]

do you receive my message about page translation?

thank you!

Please see OP

"*Please send a PM with links to previous works, wait for approval to start translation."

[Eddyc]

DEV, Freelabit's supply is 8 Million, that's the information on the blockexplorer! And why are the numbers on the front page of the thread apparently saying there are more coins?