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Author Topic: [ANN] Sprouts🌱(SPRTS) - Revival Cryptocurrency with Hardfork [PoW/PoS]  (Read 5138 times)
Sprouts Team
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April 30, 2018, 09:09:39 AM
 #1

Sprouts Revives Now!


🌱Wallet
Windows: https://github.com/sprouts-coin-org/sprouts/releases/download/v0.2.0.0/sprouts-qt.zip
Mac: https://github.com/sprouts-coin-org/sprouts/releases/download/v0.2.0.0/Sprouts-Qt.dmg
Bootstrap: https://github.com/sprouts-coin-org/sprouts/releases/download/v0.2.0.0/sproutshf_bootstrap_20180618.zip

Source code: https://github.com/sprouts-coin-org/sprouts
How to Setup: http://www.sprouts-coin.org/en/wallet.html


🌱Blockchain Explorer
https://chainz.cryptoid.info/sprts/

🌱Exchange
https://www.coinexchange.io/market/SPRTS/DOGE
https://www.coinexchange.io/market/SPRTS/BTC

🌱Communities
Discord: https://discordapp.com/invite/AKVsYTn
Telegram: https://t.me/Sprouts_announcement (ANN)
      https://t.me/sproutsofficial (chat)
Twitter: https://twitter.com/sprtsofficial
Website: https://sprouts-coin.org/en/



Sprouts had been born in 2015, but had few updates during long time.
Members of the development team have changed greatly, and we started taking actions to revive this coin.


1, We carried out the Sprouts hard fork

1, We will carry out the Sprouts hard fork

We will carry out the Sprouts hard fork to correct too high PoS rate.
in the previous announcement, we mentioned that we had also a possibility that source code of Peercoin is better for use than that of current Sprouts.
we have decided to carry out the hard fork on a PeerCoin-based code, taking into consideration potential bugs that have not yet been acknowledged.
In the plan, we will finish testnet check at the middle of May. We are planning to carry out a test for hard fork on mainnet from mid-May to late May. We will also release new wallet between late May and early June.



2, Swap possibility to the new currency.

Currently, total issue of Sprouts is more than 7 trillion, so we will carry out hard fork to prevent further inflation.
However, as a result of various trials, it has become clear that the project progression is very difficult from the state of 7 trillion already issued. (Details are explained from the Dev team separately)
For this reason, we are considering hard fork and swap to new currencies in parallel.
In the case of swap to the new currency, there is a possibility that it may become a swap with a limit due to the current amount of issuance.
Swapped Sprouts are burned.

※The new currency is not about Auxilium. Please be careful.

3, We are planning to make an exchange (timing is undecided)

Sprouts intends to aim at the base currency of small price currency (bean sprouts coin, bean sprouts token). It is a position like DOGE for sleeping giant.
We have been working on the new exchange system for Sprouts market, and we finished a test of the alpha version.
However, we need to investigate legal requirements for the exchange, so we are temporarily halt the development. Our team will focus on hard fork first.



🌱About
Hybrid - PoW/PoS
PoW Algo - SHA256D
PoS Reward - Fixed amount (detail is written in White paper)
BlockInterval - 2.5 minutes



OLD announcement: https://bitcointalk.org/index.php?topic=1798901.0
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April 30, 2018, 09:16:46 AM
 #2

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April 30, 2018, 09:45:45 AM
 #3

Sprouts is growing rapidly and enthusiasts are starting to increase again, what will the developer team do for all of this?

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April 30, 2018, 10:07:40 AM
 #4

Welldone team for the wonderful idea !!
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April 30, 2018, 10:14:07 AM
 #5

Discord link expired
Sprouts Team
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April 30, 2018, 10:49:36 AM
 #6

Discord link expired
fixed. thank you!
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April 30, 2018, 12:32:17 PM
 #7

40 000 000 монет, 17 дней на кошельке, а начислений от майнинга нет, кошелек работает 24/7
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April 30, 2018, 01:20:07 PM
 #8

Nice. I have been following this for a long time and would love to hear something new.

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April 30, 2018, 07:45:21 PM
 #9

is growing, congratulations to the developer team, I bet for small currency exchange.  1sprouts = 1 ;dogecoin.  Grin Grin Grin

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April 30, 2018, 08:16:43 PM
 #10

40 000 000 монет, 17 дней на кошельке, а начислений от майнинга нет, кошелек работает 24/7
60 000 000 - 55 day-24/7 - pos 0
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April 30, 2018, 11:24:47 PM
 #11

Fantastic news! I fill follow SPRTS. When can we expect new website? And another question, where from can we download SPRTS wallet with actual nodes?
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May 01, 2018, 03:01:50 AM
 #12

Res
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May 01, 2018, 04:10:01 AM
 #13

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Auxilium Team


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May 01, 2018, 09:42:13 AM
 #14

Hello,

Good to see there is a new thread for Sprouts, as indeed the old one was full of old information.

In terms of clarity I have a few questions as a Sprouts holder, in line with questions asked by others from the Sprouts community.
I am asking as a Sprouts holder, not an Auxilium team member, who has some questions that popped up within the community the past weeks.
And I am addressing these questions here, because there seem to be no other official transparant channels where I can contact actual people (i.e. no groupchats or people acting under an alias) behind the project.

1. "For this reason, we are considering hard fork and swap to new currencies in parallel." - could you please elaborate what is meant by this, as it can be interpreted that you will be offering some kind of swap to a different currency, or even multiple different currencies (i.e. not Sprouts).

A. Follow-up question 1: not long ago there were messages that the Sprouts development was taken over by the Japanese community, and that the team who opened up this new thread, was no longer actively developing Sprouts. After months of work it could be said this is true, as the goals (altering total supply and PoS), which are very doable with this excisting code, have not been reached. Who are active on the development of Sprouts? One team, or multiple teams?

B. Follow-up question 2: Sprouts community members have read about a possible swap to for instance Trinity coin, which is a dead/inactive coin that might be used for a swap. Is this one of the currencies you are aiming at 'point 1'?

C. Follow-up question 3: If you are performing a swap from Sprouts to a different cryptocurrency, isn't that a bit hypocrite as to date this team always have said a swap to a different cryptocurrency (for instance Auxilium) is a scam? Why should people trust a swap of your development team, but not another development team?

2. The main problem seems to be the total supply of Sprouts. The total supply makes it impossible to compete within the Bitcoin market, and it already struggles to compete within the Dogecoin market. Lowering the PoS rate will indeed slow down hyperinflation, but the damage is already done. Sprouts is hyperinflated. How is the hard fork, without lowering the total supply, going to solve this issue?

3. After all the years that Sprouts has been online it never has seen a whitepaper, team introduction (and not only people behind their computer screens), good working website, etc. Is there going to be a change in this?

4. Maybe even the most important question: "we will carry out the hard fork" - who is we? I think the community would like to know who is planning an hard fork influencing peoples cryptocurrency/money. What is the background of these people, what is their experience, have they ever had successful projects in the past or maybe even non-successful project (i.e. what is their trackrecord)?

5. If there is a swap, what will the swapratio be, and how will this affect the value of peoples holdings? How will the team (try and) maintain and/or improve the value of the holdings of those holding Sprouts? If you consider burning Sprouts you will have to have a solid plan with analysis to back this action. Because if the swap has a negative outcome for the value there is no way back; the Sprouts holdings will be burnt.

6. Also mentioned by yourself: is it even legal to perform an hard fork on a cryptocurrency? Do you have consent of the owner, do you have consent of the majority community (as this is a community based coin)?

Thanks for answering these questions. A lot of community members will find this very helpful as there is hardly any core information available on easy to reach sources.

Kind regards,

 Smiley


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May 01, 2018, 12:57:47 PM
 #15

One more question, are you gonna update SPRTS on CoinMarketCap? I was thinking about Twitter account, there is pinned old account and old Bitcointalk thread
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May 01, 2018, 04:55:13 PM
 #16

WILL DEV CAN TAKE ANY QUESTIONS
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May 01, 2018, 06:28:56 PM
 #17

You wrote that you have to play on the same platform with Dogecoin. But, Dogecoin- the out-of-date coin. It was created in its time as a joke - one developer and abandoned it. But, the coin earned itself.

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May 01, 2018, 10:00:27 PM
 #18

You wrote that you have to play on the same platform with Dogecoin. But, Dogecoin- the out-of-date coin. It was created in its time as a joke - one developer and abandoned it. But, the coin earned itself.

Very bold statement indeed. The more I wonder what the answers will be to my questions I asked earlier as a Sprouts holder, also as "representative" of many of the Sprouts Community.

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May 01, 2018, 11:01:21 PM
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And when do you plan to get to the exchange of tokens?
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May 02, 2018, 04:49:35 AM
 #20

So this can be said that the coin was dormant, and now it's rise again.
And also with hardfork? when does the hardfork will happen?

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