Nevra Q&A
(2/22/2018 6pm UTC – 7pm UTC)
I will be really happy if you can show us your real identity. I think in these days it is nice to know what person is leading the project. I also think that identity of whole team should be public. Or what is the reason to hide your real identity (no offense)?"Tk808:You can view all my information (linked-in) on the Nevra site, it's a bit hidden, but it's been up there:
https://www.linkedin.com/in/t-k-hamed-79b1a4a2/
Are you changing the total supply to reflect the values on the poll?Tk808: Yeah, it's going to be changed to 125,000,000 total supply, I don't foresee us changing it again. Each stakeholder will have the same weight (.0008%) of the total supply I believe, instead of 1k XEV's, you'll be getting 100,000 XEV's
Ok thx, what will happen if all stakes are not claimed?
Tk808:If all the stakes are not claimed (the 1,000 stakeholders), then we'll probably enter some sort of a donation round, where the remaining stakes will be available at a fixed rate. I don't feel like those stakes should be burned off, because the new supply of 125million is quite reasonable for the markets.
There's about a month and 1 week left for users to actively enter Nevra's distribution, and so far, there are about 200-250 unique users who've posted on Nevra's ANN. I mean, it's pretty good, but there is a great stigma occurring with all airdrops, and how the market is becoming flooded by them.
Can person get more than 1 stake?Tk808: No, and yes at the same time. In terms of our rules, we are not allowing anyone to claim a double stake, even if we do enter a donation round. But that being said, there will be attempts from "puppets" to claim double stakes, and all our effort will go into the auditing rounds/filter rounds. Our team will actively re-review each account, then we'll open up our filtered list and stakeholder list for the community to audit, then we'll ultimately re-review all the stakeholders. This will all occur shortly after the stakeholder claim period ends, on March 31st, so in April this will happen.This will all be to filter puppets and users from claiming double stakes
Hi Tk. I've noticed seemingly knowledgeable posts from Brand New accounts on the thread. Seems dubious that accounts are being created purely to apply for Nevra. Do you have a policy on this?Tk808: Yeah, I definitely do notice all this. If you notice the spreadsheet, we're kind-of actively filtering accounts as we go along, flagging and making notes (and highlighting them in an orange background), so that should give some indication we are definitely aware of these accounts.
What I really can say about this, just by merely posting 1 long post on our ANN will not guarantee you a stakeholder status, we are going to review how active accounts are and etc. I'm going to be revealing the criteria list shortly before March 31st.
Users will have to be somewhat active on BTT, and it's a bit questioning that users know a lot about NEM and crypto's, but yet are posting with new accounts on BTT, the epicenter of all cryptos.
I did notice that. I'm sure this will be oversubscribed before the deadline. Will account age in addition to participation play a part in the filtering process?Tk808: To an extent, but obviously some of the higher ranked accounts do have multiple accounts to. There are certain patterns to look for when a user posts to Nevra, and how we re-review them. I really don't want to give away how we are going to we are going to filter the higher-ranked accounts. But, for the newbies, and people who've just registered, yeah that will play-into how we filter.
Along with merit, which is a vital importance to me, Jr, Newbies and brand-new accounts acquiring merit.
We can just focus on those newer accounts with merit, instead of going through every newbie account posting on our ANN that have not contributed to the discussion really.
Is it possible for an announcement to be made here on discord when the airdrop starts?Tk808: The airdrop has technically started, but not in the sense you're used to I suppose.
There is no google form, nothing that's required other than posting into the ANN “After their filtering of people to be selected as stakeholders and they did not made it to 1000 people, will the allotted airdrop tokens will just be divided evenly or they will make an extension of the period date until it reaches 1000 qualifiers?Tk808: If all 1000 stakes are not claimed, then the remaining will be available in a donation round. I don't believe those tokens should be allocated to current stakeholders that are accepted, because each stakeholder is already getting a large sum of the supply.
It is mentioned in the ANN that all filtered possible puppet accounts will be granted some kind of an appeal process to prove their originality, what is your plan on conducting this authentication and what do you think the requirement will be to meet these criteria? thanksTk808: That's an excellent question. We're actually going to go a bit more harshly on these individuals, especially if they are found to be puppets by the Nevra team, AND the community. I believe we are going to be almost asking for external validations and basically interviewing them on a 1-to-1 basis. Again, the details for that are not quite ready, but I’m actively working on all the details to release to the community on how these processes will occur.
we'll never do KYC verification, but maybe have them tweet @ us with their official social media accounts, but I really do not suspect many of the puppets to refute the decision.
Actually, I don't think many of the filtered accounts will even be around to keep track of our progress on Nevra.
I have a couple of suggestions on weeding out duplicates. Nothing groundbreaking and stuff you may have already considered. Will contact you via PM on this.Tk808: Definitely man! I’m like always up for what you guys have to hear/suggest, like I really do take everything into consideration
The whole reason Nevra was created, was to show why these types of coins are still in desire. Very few have attempted what we are attempting with distribution, because it takes so much time and effort.
Will message you on Bct later.
Kindly tell us the special features XEV will haveTk808: While all the technical details are limited ATM, and I can't give you anything conclusive atm. But, I’m looking at increasing transaction times, the scaling of the blockchain (scaling fees), editing Nem's multi-sig coding to make it more accessible and easy to use. The POI staking from NEM will also be incorporated into Nevra's framework. These are just a few things
Yea, each stakeholder to have 100,000 XEV otherwise the account will not be balance
It's good to get all the coins out at once. You only have to look at the cluster that Byteball is right now to realize how much of a negative it is when the dev is holding supply.
at 1NevStake = 100,000 XEV's, still .0008% of the supply, at 1,250,000 SupplyTk808: Yeah, I mean Nevra's whole goal is to be transparent and trustworthy as possible. There are drawbacks to releasing 80%-90% of the coins immediately, because it causes a big sell-off. But in return, the process is transparent, and the system is fair.
The dump is going to be huge, how do you plan to deal with it?Tk808: I'm not worried about a dump of Nevra, actually I want a big dump to occur right away, I actually encourage you to dump your coins : ).
I'm one of the newbie users that made an account just for Nevra and I think other newbies could be in my situation. I was aware of BTT for some time and lurked there, just didn't have a reason to make an account. 99% of airdrops that would require an account just weren't interesting for me.Tk808: I really recommend staying somewhat active on BTT from this point on. Not on the Nevra thread, but in general.
This might be looked at as an oxymoron but would XEV be a private coin? and if not, are there any plans to incorporate any privacy tech in the roadmap? I am asking because based on my humble research it seems that private coin have big demand both in the present and the future.Tk808: While I do recognize the need for anonymous coins, we’ll not be looking to add any more privacy then Nem's already incorporated into their blockchain. Privacy is not the purpose of Nevra's Mainnet.
the second round will be filtered by the community, there will be a vote?Tk808: Yes, there will be an involvement from the community like Nem. There will be a thread, and open discussions here on discord. And if community members do find puppets, they will be awarded some sort of Bug-Bounty Award.
@FET Specifically - Misc. Awards for Extraordinary Efforts 1.4%
sorry for maybe dumb question. Nevra is not POS coin?Tk808: Nevra will be a POI coin, just like NEM.
https://blog.nem.io/what-are-poi-and-vesting/Is the plan to close the ability to be a stakeholder on the 31st march still going to go ahead in the unlikely event that there aren't 1000 eligible members at that time?Tk808: Yeah, it will be closed no matter what on March 31st, even if there is not 1000 Stakeholders. We allocated 2 months to claim NevraStake, which is not a lot of time to spread the word, but we can't prologue Nevra's stakeholder period for a long time. It's going to push back when we actually get to filter accounts, and etc. I may end up taking a community vote on this. But the current plan was to enter a donation round with all the remaining stakes, to inspire the DEV team when creating the mainnet. There is going to be a list, a criterion that will be made public, basically one criteria I can state here now is the activeness of the account. To go into detail about "Active" are there more than 1 period where the account has gone inactive, where is the user mainly posting to? Does the entire account consist of "Joined" "Interested" and etc... stuff like this? I can go much more in-depth
Hi I'm looking for Nevra slogan for the biggest supportTk808: Equality, Freedom, Trust - Nevra
Is that just the Bitcointalk account or will here in discord count? Thanks for answeringTk808: Yeah, I’ll definitely take into consideration the users here on discord
Tk808: (off topic) I want to iterate again, That Nevra's Mainnet supply will be 125,000,000, and will not change again. 1 NevraStake will equal 100,000 XEV's once the mainnet is live.
1000 stakeholders, x 100,000 XEV's = 100,000,000 XEV's There may have been some misinformation on the stakeholder’s sheet. I'll update the ANN shortly
Just a remark: Bitcointalk username do not necessarily match Discord one
Should we include this in our profile?Tk808: If you have a JR, Newbie or Brand-new account, or really are uncertain, yeah, I would recommend it, would help give more legitimacy to your BTT account.
How are the recruitment plans for the project's team going? and what should one do if they believe they have some skilled work to offer? not asking for me since unfortunately I am technically illiterate but for the community members as a whole, thanksTk808: There are going alright, I’m still recruiting some Java Dev's but in currently in talks with 2 atm. The NEM fork will not be difficult to do at all. I mean if I wanted, NEVRA XEV could launch tomorrow. But that's not the goal
Will you be recruiting members to help with the verification of accounts? I don't have technical skills but I can offer investigative ones. Tk808: That's a pretty good idea, I like that to have some sort of Council before we go to the community audit
do you have experience with other token/coin projects as dev or founder?Tk808: Yes, I have a lot of experience. With leading projects, coins, and just being a general investor, airdrop recipient and etc.
Here, my company is now defunct (due to the 2014-15 btc crash), but here's the ANN phttps://bitcointalk.org/index.php?topic=572303.msg6238951#msg6238951
All the graphics and etc. are gone. but Coins Source, amity helped push crypto's into a positive direction.
That's probably my most major accomplishment on an individual level in Crypto. We launched with Source Coin, which was listed on Polo for a while and etc.
We had hundreds of articles on all the coins launching/launched at the time, we Verified developer's identity and gave them trust ratings (unheard of at the time), but prior no dev was releasing their identity. Shortly after, every dev was just releasing their identities on their own. We raised around 30 BTC at the time, worth about $25,000 and decreased dramatically (with btc crash). That was enough funds to sustain us for about 6 months, we generated quite a bit of revenue, but the crypto world wasn't quite ready for the idea/wasn't as big, ended up folding.(edited)
We verified around over 60+ Different coin's teams at the time: some major verification we did were: IOCoin, Blocknet, Magi, Crypti (renamed), Syscoin, Feathercoin... etc.(edited)
When will be the wallets ready ? or we will be using Nano wallet?Tk808: Initially Nano wallet to hold your stakes. When Nevra's Mainnet launches, those stakes will be used to claim XEV's on the mainnet, with a new-wallet.
Yep, I think that really concludes our Q&A
I really want to thank everyone here for being involved, I really didn't think this would go so well haha.
I really just want Nevra's word to be spread as much as possible, and I can't do that alone. Like you are the ones who are going to make this coin a reality, and your efforts will not go unrealized, I promise you that
Thanks again everyone, have a wonderful day! I'll try compiling all the info here, and post it to BTT later today or tomorrow.
Thank you for posting this. I wasn't able to see the Q&A live due to being busy with other projects I'm working on so I'm glad you posted it here so we can all read it.
I think 125m XEV is a very reasonable number but since like 80% of the total supply will be on hands of the community I think there needs to be an extensive review on each stakeholder's account, one guy dumping his all his coins could hurt the price pretty bad, I know price is not everything on a coin but I think it's important.
