[PRE-ANN] Stone - DAG Data-Structured Private Cryptocurrency

[Xalister]

Good morning to you all, today will be a small update and recap on recent events/posts, hopefully one of many if i acquire the time to do so. Id like to take this time to earnestly thank my supporters and the people who have been sending supportive and appreciative private messages, also to the donators, development could not continue without you, Thank you.



Distribution

As expressed by a few supporters we have come to the result that we would like to see a substantial plan ahead, which will persist as follows;

30% donators (ending shortly - exact date yet to be announced)
32.5% Airdrop to BTC holders
22.5% Airdrop to existing XRB holders.
10% Givaway (Thread Posters/Twitter Enhancers)
5% Development fund


Stodes (Nodes)

From my findings with the balanced-weighted vote the implementation will not transact in-line in the manner i originally set out to achieve, therefor i have played with the idea of off-chain addresses, t-addresses (Stone) for standard transactions & (zStone) z-addresses, with an exact exchange between paired wallets for an untraceable transaction .My idea further extends to to have Stodes (Nodes), which act as a direct atomic swap 1:1 with Stone & zStone, anyone would be able to see the the swap 1:1 between the two, but no one would be able to see where you have recieved the zStone as it was transacted off-chain.

zStone would not be a seperate currency and not tradable on an exchange, its simply the channel to achieve completely private transactions, with a swap 1:1 with Stone, they would not be worth anymore or any less.


Schematics


                           OFF-CHAIN
        Bob                    ->           Alice
(zStone) Transactions    ->    (zStone)  Received


                              SWAP
         Alice                    ->            Ted (Node)      ->          Alice
(zStone) Swap 1:1        ->            Receive/Send       ->    (Stone) Received

Alice receives a private transaction from Bob via zStone, Alice now has 100 zStone, Alice now wants standard Stone, she swaps the 100 zStone for Stone 1:1 via a Stone node. The end result is Alice successfully has completed a private transaction with Bob, and swapped back into the base currency, all within the wallet, this method allows the DAG protocol to still function with its representative method.


Tests

I've been testing the functionality with zkSNARK transactions in a closed server, with positive results, sub ten-second transactions, with privacy.

The following members will take part in testnet, at this stage i do not need any more participants.

Code:

Mate2Mate
PerfectCoinSeeker
no_advance
njoroge
Bamauth
bitcoinuserz
w******t
Nomad_1
Mucamo_35
hoolio
Mckonery
ICOGuide
bitcoinuserz
fedmahnkassad
Dagmen
Worldtokenindex
xibeijan
racka
njoroge
witzowitz
mgpf
Phantomtrader
kaar
jinhwanlazy

https://i.imgur.com/a4TPGFL.png










felixando

Truth be told I am so upset that I hadn't post on this thread when I had first found out on the project. I have also missed a chance to subscribe myself unto the testnet but however I will be throwing something up for donation.
I hope the project succeeds and I will be following it evermore closely; in all honesty - I am seriously surprised as to how fast you got this technology around.


Great work felixando!

[kopes18]

To implement Zero Knowledge on DAG do you have evidence or technical research to make sure it's possible to finish this?

[trpx]

So that means supply will be BTC+ XRB and some more or will be less.
Is it 1:1 for BTC and 1:1 for XRB?
Or it will be 1:1 for BTC and much less for XRB.

This step needs a good preparation, since we have to prevent whales from getting everything. And especially block exchanges from taking part in the distribution

To be honest, it would be fair to give XRB holders exactly the amount they currently have on their adresses. BUT, then you would have the problem with the whales and also the problem that it makes rich people even richer. So you have to come up with another solution. Since it is very difficult to be fair, one would always have to compromise.

If I were felixando, I would probably do the following (just a suggestion):

Donators
I would hold back 15% for donators and pay them out in percentage of their donation. Here the respective course should be considered at the time of the donation. If we assume a total supply of, for example, 150 million stone, that would mean 22.5 million coins go to the donors. However, I would maintain the opportunity to donate until the coin is published. In this way, you can even later collect enough money for the development and/or your work. Otherwise, the procedure would actually be considered unfair, I think.

XRB Holders
I would distribute 55% to existing XRB holders, but I would only consider accounts that hold more than 1 XRB. That would be about 40,000 accounts. I would pay those accounts exactly the same amount, ie the maximum number of coins divided by 40,000. In this way, the holders who have little get as much as the holders, whom we call whales. Assuming a total supply of 150 million Stone, that would be 82.5 million coins for XRB-Holder or 2,062.5 Stone per account.

Thread-Poster
I would rather divide the 10% for Thread Poster and also think of possible bounties. For this reason, I would give the posters here a maximum of 5% and distribute this in equal parts among the people. That would be at least 7.5 million Stone for those who post here. Another 5% I would necessarily store for any possible upcoming bounties, which could later be awarded for additional work from the community (eg website, whitepaper, translations, moderators, graphics, Facebook and/or Twitter campaigns, YouTube videos, other material, etc.).

Dev-Fund
I would increase the development fund to 10%. For example, for the sake of fairness, 5% could be immediately released (about 7.5 million Stone), another 2.5% (about 3.75 million Stone) can be blocked for 3 years, and another 2.5% (approx 3.75 million Stone) for 6 years. In this way, the Dev (Team) and / or Felixando would have a sufficient fund of development and payment every 3 years.

Faucet
In this way (see above), you would be able to distribute a total of 90% of all coins to the community. Most of them would actually hold XRB, have donated, have participated in the thread and would possibly participate in the future. Felixando would have enough money to develop the project without worry by donations and the dev-fund. Because a secure future for the project is very important. With the remaining 10% (about 15 million Stone) of the coins, I would create a Captcha Faucet, which could also be used very well as a marketing tool.

BTC-Holders
I would completely cancel the BTC Airdrop for BTC Holder. Why should you necessarily participate in BTC Holder? On the one hand you have the problem with the whales and on the other hand there are a lot of (!) mainstream users who may not even know how to claim the new coins. That's why, sooner or later, many coins would be broke here.

But these are just my subjective ideas. Feel free to optimize

So, in short:

• 15% for Donators
• 55% for XRB Holders
• 5% for Thread-Poster
• 5% for possible Bounties
• 10% for Dev-Fund
• 10% for possible Faucet

PS.: Just by the way @felixando: Testnet, please? Fourth attempt

EDIT:
The total supply of 150 million Stone should be just a suggestion or an example to describe the shares better. How high the total supply really is, of course, is the decision of felixando. So please understand only as an example for the bill. Thank you

[kopes18]

I've only been a qualified software engineer for the last 13 years for a forbes top 200 company, ill let the code speak for itself.

I'm also a developer with 5 years experience. To know better of Stone I think it's importance for us to know the team background in details, also you are the only developer. Can you be more specific to your tech background and what skills do you exactly use?

I apology if asking too much because can't get much info from this thread. Thanks!

[sixtus.leon]

How will the Airdrop to BTC-Holders happen?

I just wanted to point out that Stone is not the first DAG which features private transaction (Byteball does already since 2016),

but I am really curious about your project.

Are there any methods to invest? Donating would kinda be "investing"?

I have no raiblocks.

[felixando]

Hi all , thank you for your feedback on the distribution model selected, just a hasty post today to answer a question I've been getting quite regularly.

What is the current marketcap and how much has currently been donated?

For transparency purposes i have done the minor calculations; currently with Bitcoin, Ethereum & RaiBlocks current/sold trading rate, there has been a total of $339,000 USD raised, with individual tx history depicted in the original post. Currently with donations making up for 30% of the predicted supply (150m coins), the total market cap is currently $1,130,000, with 0.0000007 satoshi per coin, that being said it is subject to change with additional donations before the donation period ends.



I did say i cannot promise exchanges, but i think with the tremendous effort in raised funds, i should be able to place some of these towards a listing when the time is right.












felixando

[felixando]

Good morning to you all, today will be a small update and recap on recent events/posts, hopefully one of many if i acquire the time to do so. Id like to take this time to earnestly thank my supporters and the people who have been sending supportive and appreciative private messages, also to the donators, development could not continue without you, Thank you.



Distribution

As expressed by a few supporters we have come to the result that we would like to see a substantial plan ahead, which will persist as follows;

30% donators (ending shortly - exact date yet to be announced)
32.5% Airdrop to BTC holders
22.5% Airdrop to existing XRB holders.
10% Givaway (Thread Posters/Twitter Enhancers)
5% Development fund


Stodes (Nodes)

From my findings with the balanced-weighted vote the implementation will not transact in-line in the manner i originally set out to achieve, therefor i have played with the idea of off-chain addresses, t-addresses (Stone) for standard transactions & (zStone) z-addresses, with an exact exchange between paired wallets for an untraceable transaction .My idea further extends to to have Stodes (Nodes), which act as a direct atomic swap 1:1 with Stone & zStone, anyone would be able to see the the swap 1:1 between the two, but no one would be able to see where you have recieved the zStone as it was transacted off-chain.

zStone would not be a seperate currency and not tradable on an exchange, its simply the channel to achieve completely private transactions, with a swap 1:1 with Stone, they would not be worth anymore or any less.


Schematics


                           OFF-CHAIN
        Bob                    ->           Alice
(zStone) Transactions    ->    (zStone)  Received


                              SWAP
         Alice                    ->            Ted (Node)      ->          Alice
(zStone) Swap 1:1        ->            Receive/Send       ->    (Stone) Received

Alice receives a private transaction from Bob via zStone, Alice now has 100 zStone, Alice now wants standard Stone, she swaps the 100 zStone for Stone 1:1 via a Stone node. The end result is Alice successfully has completed a private transaction with Bob, and swapped back into the base currency, all within the wallet, this method allows the DAG protocol to still function with its representative method.


Tests

I've been testing the functionality with zkSNARK transactions in a closed server, with positive results, sub ten-second transactions, with privacy.

The following members will take part in testnet, at this stage i do not need any more participants.

Code:

Mate2Mate
PerfectCoinSeeker
no_advance
njoroge
Bamauth
bitcoinuserz
w******t
Nomad_1
Mucamo_35
hoolio
Mckonery
ICOGuide
bitcoinuserz
fedmahnkassad
Dagmen
Worldtokenindex
xibeijan
racka
njoroge
witzowitz
mgpf
Phantomtrader
kaar
jinhwanlazy

felixando

Truth be told I am so upset that I hadn't post on this thread when I had first found out on the project. I have also missed a chance to subscribe myself unto the testnet but however I will be throwing something up for donation.
I hope the project succeeds and I will be following it evermore closely; in all honesty - I am seriously surprised as to how fast you got this technology around.


Great work felixando!

Thank you i genuinely appreciate your support.




felixando

[Hssn]

7000 tps wow looks interesting

[Kencha77]

Hi all , thank you for your feedback on the distribution model selected, just a hasty post today to answer a question I've been getting quite regularly.

What is the current marketcap and how much has currently been donated?

For transparency purposes i have done the minor calculations; currently with Bitcoin, Ethereum & RaiBlocks current/sold trading rate, there has been a total of $339,000 USD raised, with individual tx history depicted in the original post. Currently with donations making up for 30% of the predicted supply (150m coins), the total market cap is currently $1,130,000, with 0.0000007 satoshi per coin, that being said it is subject to change with additional donations before the donation period ends.



I did say i cannot promise exchanges, but i think with the tremendous effort in raised funds, i should be able to place some of these towards a listing when the time is right.












felixando

I have sent you a message a few days ago about my plan to donate to the stone project and i have a question about it. Should i wait for your response that i can send the donation already or should i'll just send it then send you the transaction ID?

[Black_bl]

Hi all , thank you for your feedback on the distribution model selected, just a hasty post today to answer a question I've been getting quite regularly.

What is the current marketcap and how much has currently been donated?

For transparency purposes i have done the minor calculations; currently with Bitcoin, Ethereum & RaiBlocks current/sold trading rate, there has been a total of $339,000 USD raised, with individual tx history depicted in the original post. Currently with donations making up for 30% of the predicted supply (150m coins), the total market cap is currently $1,130,000, with 0.0000007 satoshi per coin, that being said it is subject to change with additional donations before the donation period ends.



I did say i cannot promise exchanges, but i think with the tremendous effort in raised funds, i should be able to place some of these towards a listing when the time is right.












felixando

Hi, why only 30% to early investors? I would say if you give 50 - 60% to early investors and your project would be based on a good concept, you wouldn't need to do a distribution via airdrop. I think that good projects need not airdrops. Early investors spread the word about this project themselves if they believe in this technology and team. In my opinion is better to grow slowly and steadily than to create rush

[tylerik1]

Thats a great project that will have a future if the devs are doing great work. I am watching this thread for one or two weeks now and I am impressed how active the dev is. It is also nice that you will distribute to the donators that wanna help you to make the project better and bigger!

[rdnkjdi]

For those of us who have donated, will we get a chance to see the code and whitepaper, and have a chance of donating more before the donation window closes?  It seems like a reasonable (& awesome) perk for those that took the risk & a way to build your donation stack a little higher.  (Or if code + whitepaper is released have a limit for all non original contributors.  Throw us some type of bone  )

Fwiw, 30% distribution to funders is more than generous

[Glynmoor]

For those of us who have donated, will we get a chance to see the code and whitepaper, and have a chance of donating more before the donation window closes?  It seems like a reasonable (& awesome) perk for those that took the risk & a way to build your donation stack a little higher.

Fwiw, 30% distribution to funders is more than generous

Felixando, there are many like us who are ready to donate but are wondering if we will get to see code before that windows closes.

[potsnpans]

trpx

i like what this guy says about donating to xrb peoples. get all xrb holders but give them the same amount. not more for a big xrb holder and less for a small xrb holder.

[f1tz14]

From what I have read and seen about the project, it is has amazing potential, I am really looking forward to the testnet launch and the journey ahead- really, really exciting and a game changer in it's infancy.

[cryptosalamander]

there has been a total of $339,000 USD raised
...
I did say i cannot promise exchanges, but i think with the tremendous effort in raised funds, i should be able to place some of these towards a listing when the time is right.

Apparently the fee to get listed on Binance is around $100,000. Obviously this is a huge chunk of the donation money, but it would be enough to do that.

[rdnkjdi]

there has been a total of $339,000 USD raised
...
I did say i cannot promise exchanges, but i think with the tremendous effort in raised funds, i should be able to place some of these towards a listing when the time is right.

Apparently the fee to get listed on Binance is around $100,000. Obviously this is a huge chunk of the donation money, but it would be enough to do that.

A limited fundraising round to list on exchange would fill this in no problem if it was held after test code was released to the wild or an outside reputable dev was paid to review it.  There would be no need to touch the original funds.,

[PrinceOfPersia711]

Is participation in the testnet just for people who have donated?

[ibemoe]

Hey man i know your busy with this project, but i pmed you weeks ago trying to donate. You havent been able to respond to 2 messages. how can i contact you other wise?

[Dauma]

So that means supply will be BTC+ XRB and some more or will be less.
Is it 1:1 for BTC and 1:1 for XRB?
Or it will be 1:1 for BTC and much less for XRB.

This step needs a good preparation, since we have to prevent whales from getting everything. And especially block exchanges from taking part in the distribution

To be honest, it would be fair to give XRB holders exactly the amount they currently have on their adresses. BUT, then you would have the problem with the whales and also the problem that it makes rich people even richer. So you have to come up with another solution. Since it is very difficult to be fair, one would always have to compromise.

If I were felixando, I would probably do the following (just a suggestion):

Donators
I would hold back 15% for donators and pay them out in percentage of their donation. Here the respective course should be considered at the time of the donation. If we assume a total supply of, for example, 150 million stone, that would mean 22.5 million coins go to the donors. However, I would maintain the opportunity to donate until the coin is published. In this way, you can even later collect enough money for the development and/or your work. Otherwise, the procedure would actually be considered unfair, I think.

XRB Holders
I would distribute 55% to existing XRB holders, but I would only consider accounts that hold more than 1 XRB. That would be about 40,000 accounts. I would pay those accounts exactly the same amount, ie the maximum number of coins divided by 40,000. In this way, the holders who have little get as much as the holders, whom we call whales. Assuming a total supply of 150 million Stone, that would be 82.5 million coins for XRB-Holder or 2,062.5 Stone per account.

Thread-Poster
I would rather divide the 10% for Thread Poster and also think of possible bounties. For this reason, I would give the posters here a maximum of 5% and distribute this in equal parts among the people. That would be at least 7.5 million Stone for those who post here. Another 5% I would necessarily store for any possible upcoming bounties, which could later be awarded for additional work from the community (eg website, whitepaper, translations, moderators, graphics, Facebook and/or Twitter campaigns, YouTube videos, other material, etc.).

Dev-Fund
I would increase the development fund to 10%. For example, for the sake of fairness, 5% could be immediately released (about 7.5 million Stone), another 2.5% (about 3.75 million Stone) can be blocked for 3 years, and another 2.5% (approx 3.75 million Stone) for 6 years. In this way, the Dev (Team) and / or Felixando would have a sufficient fund of development and payment every 3 years.

Faucet
In this way (see above), you would be able to distribute a total of 90% of all coins to the community. Most of them would actually hold XRB, have donated, have participated in the thread and would possibly participate in the future. Felixando would have enough money to develop the project without worry by donations and the dev-fund. Because a secure future for the project is very important. With the remaining 10% (about 15 million Stone) of the coins, I would create a Captcha Faucet, which could also be used very well as a marketing tool.

BTC-Holders
I would completely cancel the BTC Airdrop for BTC Holder. Why should you necessarily participate in BTC Holder? On the one hand you have the problem with the whales and on the other hand there are a lot of (!) mainstream users who may not even know how to claim the new coins. That's why, sooner or later, many coins would be broke here.

But these are just my subjective ideas. Feel free to optimize

So, in short:

• 15% for Donators
• 55% for XRB Holders
• 5% for Thread-Poster
• 5% for possible Bounties
• 10% for Dev-Fund
• 10% for possible Faucet

PS.: Just by the way @felixando: Testnet, please? Fourth attempt

EDIT:
The total supply of 150 million Stone should be just a suggestion or an example to describe the shares better. How high the total supply really is, of course, is the decision of felixando. So please understand only as an example for the bill. Thank you

I feel as if Felixando and TRPX are on the right track.  The idea of allocating the majority of Stone to Donors and XRB holders will have a powerful impact on Stone rather than long term BTC owners whom barely interact with any exchanges and/or stay up to date on the crypto-world.  I think a hybrid of the two is the best solution.  I've managed budgets/allocations driving business and tech development for over two decades.  In order to incentivize each recipient properly and to ensure the budget is there for exchanges/marketing/etc the most successful breakdown in my opinion would be as follows:

• 32.5% for Donors
• 32.5% for XRB Holders
• 10% for Thread-Poster
• 10% for possible Bounties
• 10% for Dev-Fund
• 5% for possible Faucet

Last but not least - Felixando thank you for your hard work and dedication to Stone.  No matter how the distribution ends up I'm excited to see the end product.

**Please include me in testnet!