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Author Topic: Peepcoin DAPS Project [POS][1:1SWAP][MASTERNODES][ZKSNARKS][RINGCT]  (Read 3219 times)
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TheKingInYellow
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February 28, 2018, 07:34:30 PM
Merited by evakka (1)
 #1


Who are you, what is this, and why is Peepcoin being called DAPS?
Peepcoin was designed as a coin for the people, but the original developer wasn't acting in good faith. Abandoning the project and leaving it for dead. The Peepcoin community created the idea for DAPS in February 2018. The goal of DAPS is anonymize assets. Peepcoin is based on the zerocoin protocol, with many of the functions disabled. DAPS re-activates these functions, and will add other anonymity features.

As of 2018, the Peepcoin community has taken over development and launched a new roadmap for Peepcoin. Among this is a rebrand to DAPS, a 1:1 swap, emission changes, airdrops, and solid plans to improve the codebase and build a new foundation for further features.

The Peepcoin-DAPS transition project is a volunteer group of dozens of members with various experience from cryptocurrency to finance.

All DAPS Development team members or DAPS core members will be ID'd in the same process as Know-Your-Customer compliance is followed. We call this Know-Your-Developer, and have written such requirements into the long-term DAPS governance. This KYD process also protects the privacy of vetted members with our Privacy Policy. We hope to be one of the only full-audit-ready teams around.

We believe the written governance of DAPS combined with the Know-Your-Developer process applied to all DAPS team members with any access protects members of the community as well as the integrity of the development. The DAPS governance and KYD process sets us apart from even top-ranked altcoins.

Anyone is free (and welcomed!) to become a developer, a hoster, or an advisor. We have roles from Development, Media Team, International outreach, and community Moderation. All official members must follow the code of conduct, which ensures a level-headed and professional attitude is kept at all times.

Read more about the DAPS governance and project structure on the Team page. You can even apply to join directly!

DAPS (Decentralized - Anonymous - Payment - System) is an old coin with a new purpose.

DAPS is a planned 1:1 swap of Peepcoin-PCN, with new features and tweaked specs. Controlled inflation, long-term airdrops and decentralized governance powered by masternodes are key to this mission. DAPS will be based on the PIVX source code. A main push for DAPS is to anonymize assets, and secure an infrastructure for development of further features. DAPS aims to be more than a coin, but a culture.

Why DAPS?
In traditional blockchains, the users are exposed to analytics. Oppressive governments around the world use this data to track and punish cryptocurrency users. We aim to preserve everyone's right to control their finances as they see fit.

DAPS Specs
1:1 Fork-Swap of Peepcoin (1 DAPS for every Peepcoin)
Pure Proof of Stake with auxiliary PoA (Proof-Of-Audit) block
Block time: 1 minute
Block reward: 1050
Confirms required to spend: 4 blocks
Stake maturation: 200 blocks
Pure Proof of Stake - 1 "Proof-Of-Audit" block per hour
Masternode collateral: 1,000,000 DAPS
60/40 MN/PoS reward split, rebalance up to maximum of 40/60 MN/PoS
Initial coin supply: 10-50 billion DAPS, if all Peepcoin swaps
Development premine: 1 billion DAPS, allocated 50% to Airdrop and 50% to Development/Outreach
Ongoing founder fee: 30% airdrop fund, 50% development fund, 20% other
SWAP Process: Automated, no outside access, no development access to "Swap" Premine
DAPS daily emissions: 1,486,800 DAPS
DAPS emitted per year: 542,682,000 DAPS
Dynamic PoS%: 4-12% annually, factor of difficulty and luck
DAPS Supply Cap: ~19 years of mining (10 billion on top of swapped amount)

Chain features planned (can still change)
NODES/IPS
  • - Mandatory Tor relay for all nodes
  • - Utilize OBFS4 If TOR traffic is blocked, OBFS4 will activate, and mask the Tor layer, allowing normal function. This will allow the DAPS wallet to run on any network, anywhere.
TRANSACTIONS
  • - Privatesend, using CoinJoin++ Coins will be mixed before all transactions, powered by Masternodes
  • - ZK-snarks - All transaction metadata is completely encrypted
  • - Ring CT (confidential transaction) - Hide amount sent or staked in raw TX
BALANCES
  • - Mandatory stealth address - Stealth/Public address system, with STEALTH address dynamic for PUBLIC address, preventing tracking STEALTH address
  • - Ring CT, obfuscate address - Ring CT will also obfuscate wallet balance
OTHER FEATURES
  • - PoSV3 - Energy efficient, fair
  • - Static emissions - No fancy inflation models, flat emissions
  • - 10MB Block size - Scalable into indefinite future
  • - Masternodes
  • - On chain supply "audit" - address "Trust" issue of fully-private coins





MEDIA

You will find updates posted across most social media, to ensure the Peepcoin-DAPS community is always up to date on the latest initiatives and progress.

You can contact the DAPS team anytime on any of the various channels, but especially on telegram and Discord. Feel free to ask questions or give criticism!

Telegram CHAT: https://t.me/dapscoin
Telegram UPDATES channel: https://t.me/DAPSUpdates
Telegram WALLET/TECH SUPPORT chat: https://t.me/HOW_TO_DAPS
Telegram MOONSPAM (Price discussion/spam): https://t.me/DAPS_MOONSPAM
Discord: https://discord.gg/w898czA
Medium: https://medium.com/dapscoinofficial
Twitter: https://twitter.com/DAPScoin
Instagram: https://www.instagram.com/official_dapscoin/
Facebook Page: https://www.facebook.com/dapscoinofficial/
Reddit: https://www.reddit.com/r/DAPSCoin/
Steemit: https://steemit.com/@dapscoin/



Translations finished:
FILIPINO - https://bitcointalk.org/index.php?topic=3058950.0 By jomrey08
INDONESIAN (Bahasa) - https://bitcointalk.org/index.php?topic=3059656.0 By Javi_Anibarro
SPANISH - https://bitcointalk.org/index.php?topic=3059701.0 by "Cryptomike" on discord!
FRENCH - https://bitcointalk.org/index.php?topic=3060840.0 by Dax on discord, for free!
RUSSIAN - https://bitcointalk.org/index.php?topic=3060904.0 By IvanRed58rus
ITALIAN - https://bitcointalk.org/index.php?topic=3071457.0 By drago777
DUTCH - https://bitcointalk.org/index.php?topic=3072994.0 By KingSizedSmoker
AFRIKAANS - https://bitcoingarden.org/forum/index.php?topic=31123.0 Thanks to BinarySoul777
PORTUGESE - https://bitcointalk.org/index.php?topic=3078541.0 by CryptoJayC
CHINESE - https://bitcointalk.org/index.php?topic=3079011 By Hexcolyte
POLISH - https://bitcointalk.org/index.php?topic=3084430.0 By Viktor78!
ROMANIAN -  https://bitcointalk.org/index.php?topic=3107530.0 By Sebi_One_Kenobi
BULGARIAN - https://bitcoingarden.org/forum/index.php?topic=31124.0 By thedave24
JAPANESE - https://bitcointalk.org/index.php?topic=3149328.0 By Donkatsu
VIETNAMESE - https://bitcoingarden.org/forum/index.php?topic=31125.0 By "itstuantran"
CZECH - https://bitcoingarden.org/forum/index.php?topic=31338.0 By "antarian"
ARABIC - https://bitcointalk.org/index.php?topic=3131536.0 By mankeen
GREEK - https://bitcointalk.org/index.php?topic=3132905 By evakka
CROATIAN - https://bitcointalk.org/index.php?topic=3148814.0 By denis-z12
KOREAN - https://bitcointalk.org/index.php?topic=3173690 By SolidLiquid
XHOSA - By BinarySoul777
ZULU - By BinarySoul777
SOTHO - These translations need a home! By BinarySoul777
GERMAN - https://bitcointalk.org/index.php?topic=3284107.0 By Paddyson

This thread will be one of the main hubs for Peepcoin-DAPS updates and discussion for BCT-based users. I activated self-moderating to prevent people from exploiting the transition by posting fake airdrop/discord links. Any link, offer, giveaway or update regarding Peepcoin-DAPS outside of this post, the official twitter, or the official discord should be considered untrustworthy. Do not give away your private keys to any individual for any reason. Feel free to yell at me, talk badly, etc as long as it's within the forum rules. I do not censor.

Disclaimer: I am a single member of this community, I personally own 1% of Peepcoin, bought on the open market. Donations to the project will be used for new exchanges (only with prior on-site swap guarantees), development, and other expenses. I am the Project Coordinator of the Peepcoin-DAPS Project, tasked to carry out the ideas and build the project into a professional operation. I will step down from any management roles when the DAPS network is live and the Peepcoin swap snapshot has occurred, whenever that may be.

Let's make Peepcoin-DAPS great (again)!

Peepcoin-DAPS Project, anonymizing assets for the world. Controlling your financial sovereignty is your right, join now!
DAPS (Decentralized - Anonymous - Payment - System)
Zerocoin Protocol - Masternodes - PoSv3 - Airdrops - Community - Liberty
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February 28, 2018, 07:36:38 PM
 #2

nice peep coin to the moon
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February 28, 2018, 07:41:33 PM
 #3

Welcome to one of the greatest transformations in history!!
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February 28, 2018, 10:19:02 PM
 #4

Great team great community watch us grow rapidly 2 weeks and amazing progress!!!!!! DAPS to the Moon!!!!!!!!!!!
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March 01, 2018, 02:20:14 AM
 #5

Will there be any airdrops?
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March 01, 2018, 02:46:34 AM
 #6

I'd like to get some free coins.

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March 01, 2018, 03:16:11 AM
 #7

a very good breakthrough from peepcoin, DAPS is a traditional blockchain that has always been the easiest and most accustomed thing to do, but sometimes it's pretty complicated to understand
We introduce Daneel to facilitate this project to develop data more easily, you can easily create and overhaul data with Daneel who has computational intelligence in data processing, you can check this out here https://www.daneel.io/
good luck and well developed

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TheKingInYellow
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March 01, 2018, 04:34:02 AM
 #8

Will there be any airdrops?

Yes, there are some ongoing airdrops right now in the Discord. The official Peepcoin-DAPS airdrop schedule has not been finalized yet, but it is planned to take place over a long term with weekly airdrops, inspired by the Bitcore system.

Peepcoin-DAPS Project, anonymizing assets for the world. Controlling your financial sovereignty is your right, join now!
DAPS (Decentralized - Anonymous - Payment - System)
Zerocoin Protocol - Masternodes - PoSv3 - Airdrops - Community - Liberty
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March 01, 2018, 05:04:19 AM
 #9

The PCN coin will continue to exist, or will it have to be changed to DAPS?  There will be a new chain at the coin DAPS? It is not clear yet, we are talking about the coin DAPS, but wallet Peepcoin, exchanges DOGE/PCN, BTC/PCN. Or is it the same thing and do not need to change anything. I have a little PCN on the wallet, which was provided by almightyruler
TheKingInYellow
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March 01, 2018, 06:30:58 AM
 #10

The PCN coin will continue to exist, or will it have to be changed to DAPS?  There will be a new chain at the coin DAPS? It is not clear yet, we are talking about the coin DAPS, but wallet Peepcoin, exchanges DOGE/PCN, BTC/PCN. Or is it the same thing and do not need to change anything. I have a little PCN on the wallet, which was provided by almightyruler

A goal is to keep the swap open-ended, possibly using a snapshot. A priority is preserving the work put into the chain as of right now and not leaving any Peepcoin behind on the current chain. The swap will likely be processed manually, and unclaimed coins will stay unclaimed.

TradeOgre has been informed about the changes and will likely change to DAPS when the time comes, and then it's up to coinexchange if they want to freeze PCN markets and make people swap to keep trading, keep it listed separately, or delist. As of right now I'd say it's safest to keep your Peepcoin in your own wallet, and especially off coinexchange.

Peepcoin-DAPS Project, anonymizing assets for the world. Controlling your financial sovereignty is your right, join now!
DAPS (Decentralized - Anonymous - Payment - System)
Zerocoin Protocol - Masternodes - PoSv3 - Airdrops - Community - Liberty
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March 01, 2018, 08:54:50 AM
 #11

I did not understand anything. What sort of money does the coin look good from the perspective of investment?

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March 01, 2018, 03:54:48 PM
 #12

The PCN coin will continue to exist, or will it have to be changed to DAPS?  There will be a new chain at the coin DAPS? It is not clear yet, we are talking about the coin DAPS, but wallet Peepcoin, exchanges DOGE/PCN, BTC/PCN. Or is it the same thing and do not need to change anything. I have a little PCN on the wallet, which was provided by almightyruler

A goal is to keep the swap open-ended, possibly using a snapshot. A priority is preserving the work put into the chain as of right now and not leaving any Peepcoin behind on the current chain. The swap will likely be processed manually, and unclaimed coins will stay unclaimed.

TradeOgre has been informed about the changes and will likely change to DAPS when the time comes, and then it's up to coinexchange if they want to freeze PCN markets and make people swap to keep trading, keep it listed separately, or delist. As of right now I'd say it's safest to keep your Peepcoin in your own wallet, and especially off coinexchange.

Thank you, I will follow the development
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March 01, 2018, 04:19:20 PM
 #13

I did not understand anything. What sort of money does the coin look good from the perspective of investment?

Because right now peepcoin staking has something insane like 100%+ APR if you stake properly. DAPS will control this inflation by limiting every block to 1050 coins. Right now peepcoin has unlimited block rewards, so in theory if someone has a billion peepcoin staking in one stack, they'll get a 2-5 MILLION coin reward from their single stake. Built this way, the staking system obviously benefits people with higher amounts as opposed to lower amounts.

In the post-swap staking, 1 billion coins staking at once would stake... 1050 coins. This is a sea-change. Inspired by Bitbean; this will make sure to alleviate the problem of "rich getting richer" that most PoS coins have (even Peepcoin!).

To be short: peepcoin-DAPS staking right now is going to look much different in the near future. Think PIEcoin->SEND. Last year you could stake tens of thousands of PIE (now SEND) daily with little investment.

Peepcoin-DAPS Project, anonymizing assets for the world. Controlling your financial sovereignty is your right, join now!
DAPS (Decentralized - Anonymous - Payment - System)
Zerocoin Protocol - Masternodes - PoSv3 - Airdrops - Community - Liberty
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March 01, 2018, 06:50:21 PM
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Reserved for Russian translation

HeldCoin ●   Created for real use as a means of payment for the sale of digital content and microtransactions  ● (http://heldcoin.xyz/)
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March 03, 2018, 02:28:11 AM
 #15

Will there be any airdrops?

yes we will have an airdrop! It will be in 3 phases with the first phase being 1,000 people each get 50,000 coins!! join discord to register on sheet
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March 03, 2018, 02:30:10 AM
 #16

I'd like to get some free coins.

join the discord we are doing an airdrop!! sign up sheet is there! First 1,000 to sign up automatically get airdrop coins!
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March 03, 2018, 02:38:48 AM
 #17

EVERYONE PLEASE TUNE IN TONIGHT 10PM EASTERN STANDARD TIME FOR THE LIVE INTERVIEW WITH THE TEAM BEHIND DAPS!! https://www.youtube.com/channel/UCZ-gU4nfEpal9OVQmz4h7HQ

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March 03, 2018, 07:16:53 AM
 #18

Coins that are on sale now on the crypto exchange will be exchanged for DAPS? And if so, when will the access to these coins be closed, will it be announced in advance?

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March 03, 2018, 02:23:18 PM
 #19

Coins that are on sale now on the crypto exchange will be exchanged for DAPS? And if so, when will the access to these coins be closed, will it be announced in advance?


Yes, and the schedule will be open, as I've explained above it's mostly up to the exchange how they handle it. Coinexchange may be able to do an in-exchange swap or ignore the swap completely and keep peepcoin market running. In this case it's highly recommended to keep your coins off coinexchange as they may put the wallet into maintenance during the swap period.

Peepcoin-DAPS Project, anonymizing assets for the world. Controlling your financial sovereignty is your right, join now!
DAPS (Decentralized - Anonymous - Payment - System)
Zerocoin Protocol - Masternodes - PoSv3 - Airdrops - Community - Liberty
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March 03, 2018, 03:52:35 PM
 #20

TRANSLATION BOUNTY:
500k bounty for each language! That's right, ANY language!
Bonuses offered!
No google translate! I will find you out, and you'll be SOL for future offers!  Cool

More incoming, for all you bounty hunters, I'm your bounty manager~

Message me before you post! I *will* make your job even easier! Any posted translation before contacting me will be considered invalid for the bounty!

Translations reserved:
FILIPINO reserved

Peepcoin-DAPS Project, anonymizing assets for the world. Controlling your financial sovereignty is your right, join now!
DAPS (Decentralized - Anonymous - Payment - System)
Zerocoin Protocol - Masternodes - PoSv3 - Airdrops - Community - Liberty
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