Kryptowerk
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Disobey.
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January 23, 2018, 12:08:11 PM |
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Ok, so I looked into the team, if you guys actually have the experience and knowledge you state you have, there might indeed be chance you can achive all your ambitious goals.
However, looking at CMC I still feel a bit frightened when I see these numbers:
Circulating Supply 912.238 LUX Total Supply 3.912.238 LUX Max Supply 60.000.000 LUX
Since the total market cap is calculated by the circulating supply number only, it would still increases by factor 65 if the max supply is finally in circulation, making the actual market cap $2104 Million USD, bringing LUX to #21 on CMC!
1. Can someone explain to me or direct me to a source to find out where the 3000000 missing coins from circ. <-> total supply are currently stored and what their purpose is? 2. And what are the estimations on when the max supply is reached? 3. What is the yearly inflation rate of LUX?
Thanks!
As @Anorganix mentioned 5% Lux were premined and stocked in team addresses. 10% of premine planned to burn https://luxcore.io/roadmap. More details of premine purposes and upcoming burning can be found here https://cdn.discordapp.com/attachments/364671360515047427/396716699468169217/Announcement.pdfMax supply will be reached at about 10 years (15120 lux per day produced) Thank you both for your answers. That's quite the inflation rate. What will be the incentive to secure the network after all coins are distributed (in ~ten years)? Fees only? Will keep an eye on this, but for now I remain sceptical (that's just my nature in crypto world, sorry ; ). I read about parallel masternodes both in the announcement you linked and a blog post - what exactly does the parallel stand for? Also, what's your status on "rethinking the reward structure between staking and masternodes"?
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lupanar
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January 23, 2018, 01:45:13 PM Last edit: January 23, 2018, 02:58:05 PM by lupanar |
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Ok, so I looked into the team, if you guys actually have the experience and knowledge you state you have, there might indeed be chance you can achive all your ambitious goals.
However, looking at CMC I still feel a bit frightened when I see these numbers:
Circulating Supply 912.238 LUX Total Supply 3.912.238 LUX Max Supply 60.000.000 LUX
Since the total market cap is calculated by the circulating supply number only, it would still increases by factor 65 if the max supply is finally in circulation, making the actual market cap $2104 Million USD, bringing LUX to #21 on CMC!
1. Can someone explain to me or direct me to a source to find out where the 3000000 missing coins from circ. <-> total supply are currently stored and what their purpose is? 2. And what are the estimations on when the max supply is reached? 3. What is the yearly inflation rate of LUX?
Thanks!
As @Anorganix mentioned 5% Lux were premined and stocked in team addresses. 10% of premine planned to burn https://luxcore.io/roadmap. More details of premine purposes and upcoming burning can be found here https://cdn.discordapp.com/attachments/364671360515047427/396716699468169217/Announcement.pdfMax supply will be reached at about 10 years (15120 lux per day produced) Thank you both for your answers. That's quite the inflation rate. What will be the incentive to secure the network after all coins are distributed (in ~ten years)? Fees only? Will keep an eye on this, but for now I remain sceptical (that's just my nature in crypto world, sorry ; ). I read about parallel masternodes both in the announcement you linked and a blog post - what exactly does the parallel stand for? Also, what's your status on "rethinking the reward structure between staking and masternodes"? I really have no answers to your questions besides those that mentioned in links above and in Whitepaper https://luxcore.io/LUX_WP_V1_NOV_2017.pdf. Please keep in mind that answers of most questions that you pointed will be in Technical Whitepaper release of which planned till 28 Feb https://luxcore.io/roadmap. Anyway if you have urgent questions that you need get information to feel free to ask devs directly in Lux discord https://discord.gg/X43CA3fYes, we aware of, and even sent a tickets to Yobit support about delisting that abandoned coin to avoid people mix up Luxcoin with Bitlux, but never was replied.
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Bender957
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January 23, 2018, 04:56:02 PM |
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10% is 300000 lux circulating ~900000 now emagine the excange rate when 15th 300000 (10%) will burn LOL
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lupanar
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January 23, 2018, 05:11:39 PM |
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10% is 300000 lux circulating ~900000 now emagine the excange rate when 15th 300000 (10%) will burn LOL No, 300k will be burnt not from circulation supply but from rest 3m of total supply https://coinmarketcap.com/currencies/luxcoin/, which mean from premine.
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Denkey
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January 23, 2018, 05:15:03 PM |
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Like LUXCoin Project: new algo for mining (without NiceHash), profitable POS, good roadmap... Waiting for new wallet.
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melfimovmining
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January 23, 2018, 06:25:01 PM |
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Can anyone help to understand how to get PoS reward. I keep all the coin in my wallet and see it as available all the time, but Stake is 0 all the time. Maybe i have to do something special for stake my coin and get PoS reward. Or the reason in amount of coin, i have too feew
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VoronX
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January 23, 2018, 06:29:05 PM |
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Can anyone help to understand how to get PoS reward. I keep all the coin in my wallet and see it as available all the time, but Stake is 0 all the time. Maybe i have to do something special for stake my coin and get PoS reward. Or the reason in amount of coin, i have too feew
After 36 hours there will be a result ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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melfimovmining
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January 23, 2018, 06:37:17 PM |
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I have kept it since december, nothing changed. that's what i'm worry about, i'm loosing coins or do something wong
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Bender957
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January 23, 2018, 06:57:31 PM |
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OK, to 900000 you will add 300000 now imagine how exchange rate will drop ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) i think 15th rate will be about ~0.00150 or even lower depends on market panic at this coin
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anorganix (OP)
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Per aspera ad astra
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January 23, 2018, 07:03:57 PM |
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Thanks for your enlightening posts, now I finally understand what a coin burn means.
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I will never send private messages with payment requests for my auctions. I only communicate transparently via the forum (not Telegram, Discord, Skype & others). Please be wary of scammers.
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andrewpuzoff
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January 23, 2018, 07:23:43 PM |
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And I wouldn't recommend to move files from default wallet directory %appdata%/lux.
![Angry](https://bitcointalk.org/Smileys/default/angry.gif) ssd size is not so much changing store folder posibility are very needful! Can anyone tell this point for crypto-wallet programmers?!
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andrewpuzoff
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January 23, 2018, 07:36:42 PM |
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Yes, its known freezing bug that will be resolved in upcoming wallet.
I think, I found a solution to reduce freezes particaly. interface option->minimal->submit There is no selected item in this case by default. Works better after manual choise, but some freezes happening time by time.
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anorganix (OP)
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Per aspera ad astra
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January 23, 2018, 07:54:12 PM Last edit: January 23, 2018, 08:33:21 PM by anorganix |
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can you please work on your wallet? it's terrible if you even look at it it'll crash.
We are aware of the lags (caused by multiple inputs / txes) and a new wallet will be released soon. It will solve the issue, thanks for being patient. And I wouldn't recommend to move files from default wallet directory %appdata%/lux.
![Angry](https://bitcointalk.org/Smileys/default/angry.gif) ssd size is not so much changing store folder posibility are very needful! Can anyone tell this point for crypto-wallet programmers?! Create a shortcut for the wallet and start it with -datadir argument.
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I will never send private messages with payment requests for my auctions. I only communicate transparently via the forum (not Telegram, Discord, Skype & others). Please be wary of scammers.
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Mitra7
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January 23, 2018, 09:16:23 PM |
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OK, to 900000 you will add 300000 now imagine how exchange rate will drop ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) i think 15th rate will be about ~0.00150 or even lower depends on market panic at this coin I think "burn" means reducing supply - i.e. the "out of circulation" supply will be reduced from 3 mln coins to (3 mln * 90%) 2,7 mln. It should have a slight positive impact on the exchange rate. Is it correct?
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oricatmos
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January 23, 2018, 09:54:19 PM |
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OK, to 900000 you will add 300000 now imagine how exchange rate will drop ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) i think 15th rate will be about ~0.00150 or even lower depends on market panic at this coin I think "burn" means reducing supply - i.e. the "out of circulation" supply will be reduced from 3 mln coins to (3 mln * 90%) 2,7 mln. It should have a slight positive impact on the exchange rate. Is it correct? I think so , is a deflaction, less coins but the same market cap ( in the average) so the price will tend to rise.
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diepytcc
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January 23, 2018, 10:25:07 PM |
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can you please work on your wallet? it's terrible if you even look at it it'll crash.
We are aware of the lags (caused by multiple inputs / txes) and a new wallet will be released soon. It will solve the issue, thanks for being patient. And I wouldn't recommend to move files from default wallet directory %appdata%/lux.
![Angry](https://bitcointalk.org/Smileys/default/angry.gif) ssd size is not so much changing store folder posibility are very needful! Can anyone tell this point for crypto-wallet programmers?! Create a shortcut for the wallet and start it with -datadir argument. New wallet will be great if this one fixed current issues.
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kunddac
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January 23, 2018, 10:36:36 PM |
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Very interesting to your project add more information in website good job devs
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vellance
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January 24, 2018, 01:55:11 AM |
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Why does ccminer-phi crash everytime it asks for my pool stats?
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JJ1905
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January 24, 2018, 03:55:40 AM |
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There is an opinion that the coin was created with the aim of selling the masternodes to the lucky ones. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) You also know how to sell an asics ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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