[ANN] JSEcoin

[rudicode]

When will be listed on exchange I see on faq later this year can we know when exactly
Thanks

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[JSEcoin]

Hi rudicode, we haven't set exact dates yet. We have quite a bit more dev work to do before we are ready for ICO/exchange listing. I don't want to set a date and then have to move it backwards if we run in to problems/delays. There's an up-to-date timeline here:-

https://jsecoin.com/en/timeline/

Having said that we are currently finalizing the terms and details for the ICO because they need to be included in the smart contract and these will be announced hopefully this month.

[szafa]

Not yet listed.

[DaveMallettJSE]

Hi Szafa,

Exchange listing will take place following the ICO. Dates for this are still to be confirmed as mentioned above.

Thanks

[rudicode]

So far I recrive 0.02jse with website mining every second and now 0.01jse
Why I get from today lower than this days for website mining???

[arghabd]

Just wanted to share my self-mining experience today: Mined for 2.30 hours, hashes found 210 got 0.075 coins.

[BulldogPO]

Any exchanges accepting JSEcoin yet?

[ELE.ZYK]

The way of JSECOIN acquisition is very unique, and it doesn't need special tools to excavate. The threshold is very low, which helps to popularize coins and get a lot of investors' attention.

[JSEcoin]

The following outlines our plans for the ERC20 contract and token economics for the ICO:-

https://jsecoin.com/blog/news/token-economics-proposal/

The idea is to inflate the currency 200x. Everyone's holdings will multiply 200x but the hard cap will increase too so the effective holdings haven't changed. Also miner rewards will increase 200x and price at ICO will decrease 200x. ICO price will still be above pre-ICO price relative to the changes.

The reason for this is that lower priced coins tend to do better at ICO and in post-ICO trading because investors give more weight to token price than circulating supply. Also there's benefit to miners earning larger denominations of a currency as competition inevitably increases.

There's some other changes as well like reducing the fixed hard cap on token supply to 50% of what it is now which should benefit anyone currently holding JSE and make the project more attractive to investors.

We are doing this now because we need to finalize the details in the ERC20 contract.

If anyone has any feedback please let us know your thoughts.

[cdrx]

" Also there's benefit to miners earning larger denominations of a currency as competition inevitably increases."

It's true, when coin will have a price on exchange everyone will want to add this coin to their websites, as is clean, better than competition and not blacklisted. I am for 200x and waiting for ICO

[rod1]

That of multiplying the quantity already mined by a 200x sounds good, but I think the detail of the difficulty of mining (self-mining) would be missing, because I think that for some investors it seems discouraging that one can easily earn 1 JSE by self-mining, taking in account that the valuation of the currency is increased to more than 10 times its initial value, it is unattractive that anyone can earn the equivalent of more than $ 10.00 USD per day with little investment, it would seem a money factory ... I do not know if you already have it contemplated, but I would suggest that the difficulty of self-mining increases as the value of the currency increases, to an average value, to avoid that the benefits are apparently "too much exaggerated", and that lower this difficulty control in the event of a prolonged drop in value.

It's just what I think, so there will be others who may have another different opinion, to improve the JSE's operating model.

[cdrx]

rod1, how many sites have the widget and how much is difficulty I don't know... but I do know if one big site will use JSE, then that site may be like all sites now at once. Not many big sites use now I think, because coin has no price, but if it will have a price I imagine things will look totally different.

"it is unattractive that anyone can earn the equivalent of more than $ 10.00 USD per day with little investment, it would seem a money factory" - what do you mean little investement ? Sites are no little investement... costs money and work, despite a rig you power up and "forget"... and mining is not a "money factory" anyway in BTC, ETH...?

[JSEcoin]

So the idea is that as the popularity of the platform grows so will the profile of the project and demand on exchange for the token. This in theory should mean that the number of people mining increases, the amount of JSE each miner earns (fixed amount total) decreases but the price on exchange increases. It's not going to be a perfect correlation and we may have to adjust mining rates if it gets too much or too little. In theory as we grow the price of the token should go up alongside the number of users which should balance out miner earnings per day at an exchange value to fiat currencies.

[rod1]

cdrx,  By saying "money factory", I mean that currently if the JSE had real value as it is assigned in a symbolic way, compared to mining MONERO you would have to invest up to 4 times more money in a computer capable of mining the same amount of coins equivalent to those of JSE, and if we talk about ETH you would have to invest more than 6 times the amount of money you would invest in a computer equipment that mine a similar equivalent in JSE.

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The programmed difficulty of BTC has become the worst enemy of this currency, because it seems that there is no way to backtrack to this configuration and that causes a problem, see as an example to eobot.com, where the contracts to 5 years, according to your ROI calculation system would recover the investment in more than 75.68 months, which means 6 years with 3 months, so you would lose if you invested in eobot.com, and the only way to have profit would be to use your system of "mining of GHS", although obviously it is not a guarantee that you end up having a profit, but you can still be overpaid by the level of difficulty of mining and you will simply lose money instead of winning.

[sencix]

Not many big sites use now I think, because coin has no price, but if it will have a price I imagine things will look totally different.

This is so far the only coin that is approved by antivirus companies that is allowed to use visitors browser to mine coin. All other are blocked. Coinhive is by far the worst and if you use it, then you're losing a lot of visitors and your website is blocked by google because of the malware. And to mention, JSE doesn't slow down your PC at all and you don't even feel that it's mining.

Think smart and use JSE 

[DaveMallettJSE]

So far I recrive 0.02jse with website mining every second and now 0.01jse
Why I get from today lower than this days for website mining???

Hi Rudicode,

Apologies that we missed your question. Following the change to the Opt-in system for publishers we doubled rewards for 1 week to offset any potential loss of earnings that this caused whilst users trialed the system. At the end of the week the rewards returned to 0.01JSE

[grendel25]

I was nervous to try this out so I did some digging.  So far, I'm happy with what I see.  The team pictures are a good place to start and I was even able to find a few of them on linkedin. 

Here are some links of various site checkers which all seem to agree that it is safe:

https://www.virustotal.com/#/url/8edac4b742d41064e89dc294e92b5b6c6eec837e70e143e4996b819020e20838/detection

https://virusdesk.kaspersky.com/#scanresults

https://scanurl.net/u/platform-jsecoin-com


I like it so far.  This could be very interesting. 

[wxxyz]

I like the idea of this coin, I even ran it on my sites for a few days back in November.

However, it's not on any exchanges, and when it does - what will drive its price?

Why would anyone who doesn't have this coin want to buy it with Cash/BTC? There needs to be a reason people want this coin in order to drive demand and cause the price to go up.

Otherwise, a bunch of web developers will be holding the coin wondering how to exchange it for something of value?!

[JSEcoin]

Hi Wxxyz,

Here is an article about future use cases that was written a while ago but still relevant to how we intend to create demand on exchanges.

https://jsecoin.com/future-use-cases/

FYI the merchant tools are actually in the final stages of development and should be released this week.

[DaveMallettJSE]

The merchant tools are now here. Publishers can now accept JSE as payment on your sites. Full announcement can be seen here https://jsecoin.com/merchant-tools-released/

You can see them in action, and pick up some JSE goodies by heading over to our new shop https://jsecoin.com/shop/