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Author Topic: coin discontinued for other technology, admin@kredx.io  (Read 4606 times)
norminorm
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May 31, 2018, 07:05:16 PM
 #241

KredX – KRX ICO Multi-Blockchain Cryptocurrency App Benefits?

"The KredX website mentions two different types of tokens available for use on the platform. There are Kredits (KRX) tokens as well as KredX Tokens (KRT). KredX Tokens (KRT) are designed to raise funds for the creation and development of KredX, while Kredits (KRX) run the KredX blockchain.

How Do Kredits (KRX) Tokens Work?
Kredits (KRX) have a total supply of 440,000,000,000. There’s a block frequency of 10 blocks per second, or 864,000 per day, with a daily emission of 38,016,000. The total supply of tokens will be reached in about 31 years.

Some of the key features of KRX tokens include egalitarian proof of work, adaptive parameters, unlinkable transactions, fungibility, ring signature, analysis-resistant blockchain, double spending proof, key images, full anonymity, and a double spend check.

Kredits are designed to be a private and anonymous cryptocurrency. Proof of work is egalitarian because it follows a strict 1 CPU = 1 vote system to ensure a balanced, decentralized network.

The KredX Token Sale
KredX is also having a token sale for KredX Tokens (KRT). Unlike KRX tokens, KRT tokens are not mined. They’re sold through the crowdsale. Funds raised from the token sale will be used to finance development of the platform.

The tokens are ERC20 tokens built on the Ethereum blockchain. The developers are accepting Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, NEM, Monero, and ZCash during the token sale. Tokens are priced at $5 for 100 KRT during the first month, rising to $10 for 100 KRT by the end of the sale (month 3).

There’s a total supply of 440 million tokens.

The KredX Token (KRT) sale is taking place from October 3, 2017 to January 3, 2018.

Who’s Behind KredX?
KredX was founded in 2016. The company is led by Daniele Ronchese (Head of Blockchain Development), Gabriele Ronchese (Head of Marketing), David Rees (Head of Sales), and Neeraj Pandey (Head of App Development). The development team is based in India."


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"lordgunshaw
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Update : We are going to continue working on the src so that we are able to include many fixes. We are only set to officially launch in June 2018. So please be patient as we continue to work. We will update the src code in 4-6 weeks and then normal mining etc can resume. We will retain the blockchain up to 7257 so your work is not wasted. We are looking at many changes and taking everyone's opinions into consideration. Thank you all for your support and patience."
------------------------------------------------------------------------------------------------------
Well who did you get the news from? No one on the KredX is active on any forum. only the bounty distributor give away bounty in tokens that where changed to KRX as per facebook post.
1.
KredX
March 24 ·
A reminder, your KRT tokens must be deposited into your KredX.io webwallet before 30 March 2018 to ensure that you are able to exchange for KRX coins
2.
KredX
April 7 ·
A big thank you to everyone who participated in the coin swap by depositing their KRT. Within the next 2 weeks we will update the KredX.io web wallet and activate some new features. Your KRX coins will be sitting in your existing webwallet account and will show after the update. It’s still some time until the official launch on 28 June 2018 but we get closer everyday. Thank you for your continued support.


What is this Joke. BTW "lordgunshaw = Daniele Ronchese (Head of KRX Blockchain Development) so if any one know more - is you.
You guys collected 44000000 on KredX ICO .
Now what - different coin and sale of tokens again.
On the KredX blockchain by the block 7257, I had 415.000.000 KRX = 41.000.000KRT .
norminorm
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May 31, 2018, 07:07:34 PM
 #242

Hello Dev

Are there any plans to wake this up or this project is dead ?
I am also interested in this issue
Last news I heard from KredX they have dropped the cryptonote for different technology. Sorry guys!

BTW what technology - DEXTRA TOKEN
norminorm
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May 31, 2018, 08:32:25 PM
 #243

This is from http://kreditproject.org/index.php/about-us/

DANIELE RONCHESE

lordgunshaw

Chief Project Manager
With 22 years of high level involvement in web development and more specifically financial software, Dan's career followed a natural progression towards Cryptocurrencies in 2011. Being an early Bitcoin investor and successful Crypto-Trader with a strong technical background gave Dan the unique skillset and experience needed to project manage the creation, and roll out of KreditCoin. He brings a strong sense of focus on the task at hand an systematically peruses each objective to completion. "I have always considered myself a financial freedom fighter. When I found out about Bitcoin I researched it and started experimenting with the code and using nodes. I will go so far as to say that I fell in love with the concept. The technology of Bitcoin was my first attraction. It was not until years later that its viability as an investment vehicle would become obvious. I strongly believe that our world is changing in front of us right now, the change has to do with our money. This new age we find ourselves in is one of liberation, questioning and challenging. There is no better vehicle to completely rebuild our financial system than cryptocurrency. End quote !"

I believe I have your attention.
So, before you loose all your reputation and earn a label of SCAMMER  - we all need explanation. who is the "team" beside you and your brother. if you guys left the project, who is in charge of 44000000$ of the ICO raised funds. And lastly who give OK to spread bonus in KRT?
lordgunshaw (OP)
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June 04, 2018, 12:00:46 PM
Last edit: June 04, 2018, 03:35:57 PM by lordgunshaw
 #244

This is from http://kreditproject.org/index.php/about-us/

DANIELE RONCHESE

lordgunshaw

Chief Project Manager
With 22 years of high level involvement in web development and more specifically financial software, Dan's career followed a natural progression towards Cryptocurrencies in 2011. Being an early Bitcoin investor and successful Crypto-Trader with a strong technical background gave Dan the unique skillset and experience needed to project manage the creation, and roll out of KreditCoin. He brings a strong sense of focus on the task at hand an systematically peruses each objective to completion. "I have always considered myself a financial freedom fighter. When I found out about Bitcoin I researched it and started experimenting with the code and using nodes. I will go so far as to say that I fell in love with the concept. The technology of Bitcoin was my first attraction. It was not until years later that its viability as an investment vehicle would become obvious. I strongly believe that our world is changing in front of us right now, the change has to do with our money. This new age we find ourselves in is one of liberation, questioning and challenging. There is no better vehicle to completely rebuild our financial system than cryptocurrency. End quote !"

I believe I have your attention.
So, before you loose all your reputation and earn a label of SCAMMER  - we all need explanation. who is the "team" beside you and your brother. if you guys left the project, who is in charge of 44000000$ of the ICO raised funds. And lastly who give OK to spread bonus in KRT?

Hi, firstly kreditproject.org and kredx.io are not related. I started kreditproject a while ago, a litecoin fork. Managed to get 12 miners but the coin went nowhere. It is a personal project that my brother and I started. (we were the only 2 involved and there was no ICO)

On kredx I was head of blockchain, I started as an investor after finding them on the internet and buy KRT. The guys asked me to assist them with blockchain. They offered me a place on the team and I convinced them to incorporate cryptonote and they made me head of blockchain. I did my best to get the cryptonote blockchain going but after all the issues. The team in India could not support cryptonote at all so they decided to drop the technology and subsequently my involvement was terminated.

The kredx project did not reach its target at all, there was less than 150 investors in total. There was no $44M raised. I don't think the project even reached 0.1% of its' target. If you participated in the token sale and are in anyway unhappy then you should contact them admin@kredx.io. Despite this fact that they raised no money, I believe they will turn out a product and I personally hope to regain at least some of my investment. In the end I was nothing more than an affiliate and have nothing to show for my efforts. Even my celebrity friends were unable to garnish much interest in South Africa, we tried hard but there was no success, I managed to get only 10 small investors.

I think they had some issues communicating and or they embellished the results!

In closing kreditproject is an inactive project and a litecoin fork call KRD. (No ICO)

KRT was the ECR20 token that kredx.io (not my company I am an ex member) used as placeholder for the coin KRX the now discontinued KRX cryptonote cryptocurrency. (Indian ICO)

lordgunshaw (OP)
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June 04, 2018, 12:11:27 PM
 #245

KredX – KRX ICO Multi-Blockchain Cryptocurrency App Benefits?

"The KredX website mentions two different types of tokens available for use on the platform. There are Kredits (KRX) tokens as well as KredX Tokens (KRT). KredX Tokens (KRT) are designed to raise funds for the creation and development of KredX, while Kredits (KRX) run the KredX blockchain.

How Do Kredits (KRX) Tokens Work?
Kredits (KRX) have a total supply of 440,000,000,000. There’s a block frequency of 10 blocks per second, or 864,000 per day, with a daily emission of 38,016,000. The total supply of tokens will be reached in about 31 years.

Some of the key features of KRX tokens include egalitarian proof of work, adaptive parameters, unlinkable transactions, fungibility, ring signature, analysis-resistant blockchain, double spending proof, key images, full anonymity, and a double spend check.

Kredits are designed to be a private and anonymous cryptocurrency. Proof of work is egalitarian because it follows a strict 1 CPU = 1 vote system to ensure a balanced, decentralized network.

The KredX Token Sale
KredX is also having a token sale for KredX Tokens (KRT). Unlike KRX tokens, KRT tokens are not mined. They’re sold through the crowdsale. Funds raised from the token sale will be used to finance development of the platform.

The tokens are ERC20 tokens built on the Ethereum blockchain. The developers are accepting Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, NEM, Monero, and ZCash during the token sale. Tokens are priced at $5 for 100 KRT during the first month, rising to $10 for 100 KRT by the end of the sale (month 3).

There’s a total supply of 440 million tokens.

The KredX Token (KRT) sale is taking place from October 3, 2017 to January 3, 2018.

Who’s Behind KredX?
KredX was founded in 2016. The company is led by Daniele Ronchese (Head of Blockchain Development), Gabriele Ronchese (Head of Marketing), David Rees (Head of Sales), and Neeraj Pandey (Head of App Development). The development team is based in India."


-----------------------------------------------------------------------------------------------------------
"lordgunshaw
Jr. Member
Activity: 42
Merit: 0
Update : We are going to continue working on the src so that we are able to include many fixes. We are only set to officially launch in June 2018. So please be patient as we continue to work. We will update the src code in 4-6 weeks and then normal mining etc can resume. We will retain the blockchain up to 7257 so your work is not wasted. We are looking at many changes and taking everyone's opinions into consideration. Thank you all for your support and patience."
------------------------------------------------------------------------------------------------------
Well who did you get the news from? No one on the KredX is active on any forum. only the bounty distributor give away bounty in tokens that where changed to KRX as per facebook post.
1.
KredX
March 24 ·
A reminder, your KRT tokens must be deposited into your KredX.io webwallet before 30 March 2018 to ensure that you are able to exchange for KRX coins
2.
KredX
April 7 ·
A big thank you to everyone who participated in the coin swap by depositing their KRT. Within the next 2 weeks we will update the KredX.io web wallet and activate some new features. Your KRX coins will be sitting in your existing webwallet account and will show after the update. It’s still some time until the official launch on 28 June 2018 but we get closer everyday. Thank you for your continued support.


What is this Joke. BTW "lordgunshaw = Daniele Ronchese (Head of KRX Blockchain Development) so if any one know more - is you. They kicked me out since they dropped the KRX cryptonote coin.
You guys collected 44000000 on KredX ICO . As far as I know the Project failed miserably, I just looked at the blockchain.
Now what - different coin and sale of tokens again. I am no longer involved, because they dropped the KRX cryptonote coin i was handling so I cannot say for sure.
On the KredX blockchain by the block 7257, I had 415.000.000 KRX = 41.000.000KRT .(You got this backwards, you bought KRT in the ICO and then swapped them for KRX coins(so I guess you did not participate in the ICO or you would have this straight), that's why i premined the 4.4 billion for the swap which will never happen now because the KRX coin has been dropped. KRT (ICO) Token, all that were returned were burnt as far as I know, I just looked at the blockchain.
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June 04, 2018, 01:37:36 PM
 #246

https://www.facebook.com/thekreditproject/

is it the same project? di we miss swap krd to krx?

very confusing
lordgunshaw (OP)
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June 04, 2018, 03:35:07 PM
 #247

https://www.facebook.com/thekreditproject/

is it the same project? di we miss swap krd to krx?

very confusing
https://www.facebook.com/thekreditproject/ Totally different project from this thread.

The swap was for KRD Miners (Litecoin fork) https://www.facebook.com/thekreditproject/. If you did not mine KRD then don't worry about it. There was no swap for KRX cryptonote coins.
lordgunshaw (OP)
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June 04, 2018, 03:37:21 PM
 #248

https://www.facebook.com/thekreditproject/

is it the same project? di we miss swap krd to krx?

very confusing
If you are on this feed you mined KRX, which is discontinued, there was no swap, you missed nothing.
lordgunshaw (OP)
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June 04, 2018, 03:38:49 PM
 #249

https://www.facebook.com/thekreditproject/

is it the same project? di we miss swap krd to krx?

very confusing
I failed to deliver a working KRX blockchain which you all mined, the team dropped the KRX blockchain and me due to this fact. This feeds purpose is concluded.
VlugVlug
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June 05, 2018, 06:43:40 PM
 #250

https://www.facebook.com/thekreditproject/

is it the same project? di we miss swap krd to krx?

very confusing
https://www.facebook.com/thekreditproject/ Totally different project from this thread.

The swap was for KRD Miners (Litecoin fork) https://www.facebook.com/thekreditproject/. If you did not mine KRD then don't worry about it. There was no swap for KRX cryptonote coins.


Will there still be some kind of KRD swap?
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June 05, 2018, 06:53:21 PM
 #251

https://www.facebook.com/thekreditproject/

is it the same project? di we miss swap krd to krx?

very confusing


yes very much like that intricately.
I can not fully understand this information and its functionality.
lordgunshaw (OP)
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June 06, 2018, 10:00:46 AM
 #252

https://www.facebook.com/thekreditproject/

is it the same project? di we miss swap krd to krx?

very confusing
https://www.facebook.com/thekreditproject/ Totally different project from this thread.

The swap was for KRD Miners (Litecoin fork) https://www.facebook.com/thekreditproject/. If you did not mine KRD then don't worry about it. There was no swap for KRX cryptonote coins.


Will there still be some kind of KRD swap?
No.
lordgunshaw (OP)
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June 06, 2018, 10:01:54 AM
 #253

https://www.facebook.com/thekreditproject/

is it the same project? di we miss swap krd to krx?

very confusing


yes very much like that intricately.
I can not fully understand this information and its functionality.
Two separate projects.
norminorm
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June 06, 2018, 01:40:16 PM
 #254

The fact that you didn't deliver in making a solid blockchain for KRX is one think. you could of ask for help in this forum and there are plenty of people that could help.  the bad is, no communication on this forum or in (closed) discord channel, fake information on facebook, discord and here. totally centralized decisions by the KRX group . regarding people that support this project . Promising supporters that all mined coins until block 72xx will be included, and not wasted.
"Kredits’ proof of work system is a true rendition of Satoshi's famous phrase
"One CPU - One Vote" Our users have the right to vote on New features,
transaction order, and supply distribution. " maybe this should be removed from whitepaper.
Other then that:
1. as for the people in India. we should know who they are - this way if ever they come with a new project. community will know they are scammers and they will be blacklisted.
2. we as a community take over the project and continue, with you (if you would like to continue) and we will ask other developers to join. this was done plenty of times when a coin got revived. I am for it, and I know many KRX miners will support this idea. We should use x16r or s as a ASIC resistant algo, premine will be to cover all holders of KRX and KRD. and devs will be payd by % from only official pool this new coin will be mined on.
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June 07, 2018, 08:56:19 AM
 #255

so are we scammed already?
lordgunshaw (OP)
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November 26, 2018, 10:23:32 AM
 #256

I never could save this project, I tried my level headed best. The only way to continue was for me to start again. Please use this form to claim 100,000 free Credit (CREDIT) coins https://docs.google.com/forms/d/e/1FAIpQLScvBkbuugNO0JnsxlgOOJ1x_lnS3Q2IRq37G1O6gYigAvo1Yg/viewform?usp=sf_link If you mined KRX and or bought tokens please use the form to claim coins for those activities. The project will launch next year and there is more info on the form. Telegram https://t.me/terracredit Github: https://github.com/Terra-Credit-Union
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November 26, 2018, 10:50:40 AM
 #257

This is my own project, I have not been able to get in touch with the team since last year. So https://terra-credit.com is not a part of KredX, I just wanted to make good on any promises I personally made. This new coin is the future of mass adoption and has some wicked built in features that reward users.
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