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Author Topic: [PoS+PoW] eXocoin [EXO]-gen 2.0- dev. from scratch! Give-Away | Open Beta  (Read 415100 times)
kirivas_s
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April 01, 2014, 08:00:46 PM
 #1381

now that you have officially stated the conditions for the second stage of the ipo, let me be the first one to ask critical questions about your proceeding.


note that i am asking this qestions under the asumption that the upper cap of the 230 btc for the second stage will be reached, but as you obviously assume that yourselves according to the follwoing statement my questions have a right to exist.

Is it possible that an early bird adapter gets less EXO for 1 btc then a second-stage adapter [...].
[...] it is very unlikely that this will be really the case. We are expecting an steady increase in attention and investments over the time till launch.





why do you think that an early bird investor deserves a whopping 67% more eXo for his investment compared to a potential investor of the 2nd stage?




even if you consider a 67% advanatage for early birds to be fair, why do you insist on the upper cap for the second stage instead of using the formula
Code:
(1.67 * early bird investment + second stage investment)/(1.67 * all early bird investments + all second stage investments) * 42000000,
which gets rid of the upper cap, but sill yields the same 67% advantage for early birds?



why the advantage of 67%? Though I don't say its a whooping premium to second stage, I just want to know how you arrived at this premium?
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Eadeqa
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April 01, 2014, 08:03:43 PM
 #1382

Please don't change anything due to whiners. Stick with the original distribution plan as outlined in the first page. People who aren't happy don't have to invest in the second phase.


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April 01, 2014, 08:24:35 PM
 #1383

Please don't change anything due to whiners. Stick with the original distribution plan as outlined in the first page. People who aren't happy don't have to invest in the second phase.



+1
Relax, the eXo_coin already said he will not change. But it has a very annoying guy continues to insist.
Hopefully one of the criteria to invest in the second stage is be not annoying.  Grin Grin Grin Grin Grin


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April 01, 2014, 08:34:09 PM
 #1384

@kingbtcvl,

ok your formula would be another valid way. However, we communicated our spreading plan and it will not be changed. Additionally I do not see why someone would want to have a fix 67% difference. Or in other words why our plan is worser than using your formula.



We were able to track down one bug that caused the crash of the open beta system. We already got a fix for it and are currently trying it. It looks promissing so far but we may need to cover some more test cases.
We are going to deliver an update in less than ~20hours probably if everything goes well. 2nd stage IPO will start anyway tomorrow.
Once update is on our server you can simply launch your version and accept the auto update. After executing the update you must double click coin.exe again and it should sync with 3-6 clients.
Please report if there are any issues using our auto updater. If there are then we will push the update to the initial package so you could download it again.
That way we can check if the updater is working as expected as well ;-)
Right now our bug report server is down. It will go on again later this week. Until then please report here in forum or via PM.


thanks for every support!
eXocoin team


#edit: upper cap is 230 BTC in total and 1.5 BTC for every individual (1.5 BTC as sum of 1st and 2nd stage investment)

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April 01, 2014, 08:37:31 PM
 #1385

How many exocoins i will get in 2nd stage, if invest 0,5 btc ?

And i assume that 230btc cap will be reached and no changes to the original plan.

Check out Betsikingi
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April 01, 2014, 10:38:55 PM
Last edit: April 02, 2014, 12:58:21 AM by eB101
 #1386

How many exocoins i will get in 2nd stage, if invest 0,5 btc ?

And i assume that 230btc cap will be reached and no changes to the original plan.

39,130 exos

Edit: I assumed there was 18M shared for 2nd stage. Since it's actually 18.5M, please refer to eXo_coin response. Thx

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April 02, 2014, 12:14:08 AM
 #1387

What's the advantage of the formula instead of the upper cap?

@kingbtcvl,

ok your formula would be another valid way. However, we communicated our spreading plan and it will not be changed. Additionally I do not see why someone would want to have a fix 67% difference. Or in other words why our plan is worser than using your formula.

@eXo_coin
once again, thanks for your answer.

here are the advantages why i personally think such a formula would be more suitable for the distribution:
- you garuantee that all people who fullfill the requirments for the scond stage can join if they want to, which is of course not the case if the interest is too high
- you dont need to adjust the distribution for the benefit to the early birds in case too few people invest in the second stage
- all second stage investors know exactly what they get for their investment as far as a comparison to a first stage investment is concerned before they invest
- it favours the establishment for the finding of the real market value which is not the case if the upper cap would be reached as the ask was less known then

but although i canot agree with your point of view, i think i have understood it know. so let us see what will happen in second stage of the ipo and how things will develop.
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April 02, 2014, 12:44:43 AM
 #1388

How many exocoins i will get in 2nd stage, if invest 0,5 btc ?

And i assume that 230btc cap will be reached and no changes to the original plan.

18.5% (block amount) * 100,000,000 EXO (total amount ever) * (0.5 BTC / 230BTC)    == 40,200 EXO
but as you stated this is only valid if there will be 230 BTC investments. Since we are going to make that process transparent you will know when 50/75/100/125/... BTC is reached if you like to wait at first.

is the decentralized exchange just a wish, not promise?

quote from whitepaper:

Quote
We cannot guarantee in any way that eXocoin will be a success. You have our words that we will
hand all investments back (100%) if we will not provide a working client that has all core features a
coin (including security) must have plus the main features we would like to add (this does not include
the p2p market place and any other extended features we might add to this paper
).
Does this mean you will not return the investment if you fail to provide p2p market place?
Yes that is correct. However: We definetly want to achieve that. It is not just a worthless advertisement. We want to make the coin itself
rocksolid first. Then after launch there will be time to implement that part. Although I cannot guarantee that we will reach the goal we already have a theoretical working concept of how to implement it. Secondly this feature is quite nice when existing but you should not reduce eXocoin to only that part. eXocoin is way more than that.



Bug that caused the crash last night has been fixed and bugfix has been tested. With that bugfix we also finished the cases "user starts program without internet and gets in later on" (note: this is not possible in the beta update yet only in our latest alpha!) or "user losses internet connection and regains it later on" ->proper syncing in our latest beta version. Also: all clients are reinvestigating all peer connections (and tries to resolve unresolved DNS peers) every 10 minutes automatically now (or every 10 seconds if connectionCount==0) (included in beta).

- if there are no active network connections the status png will now show a red cross instead of the green check symbol.
- after generating your 10,000 EXO (multiple times possible now) you no longer need to restart the program to see the transaction

beta update as stated in max ~15 hours





#edit @kingbtcvl,
thanks for making your points clear and straight forward. I see why you would prefer your way of distribution calculation.
We would do things differently if we would launch another product as well, so we agree that our way is not 100% perfect. But at least it is not that bad and spreading is quite nice compared to other coin launches and we do not and will not change the described procedure anymore.

best regards
eXocoin team

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April 02, 2014, 06:42:43 AM
 #1389

Secondly this feature is quite nice when existing but you should not reduce eXocoin to only that part. eXocoin is way more than that.

What is eXocoin? Not just a normal coin, but a powerful ecosystem? Please explain this further. Smiley


- PLEASE make a very easy to use API (like Nxt, it's perfect. Just a few URLs to use)
- The decentralized exchange is a feature you should definitely have. With this you will push this coin to the top 5 under all coins available. And you have more than enough funds for this I suppose. Smiley



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April 02, 2014, 07:17:20 AM
 #1390

Secondly this feature is quite nice when existing but you should not reduce eXocoin to only that part. eXocoin is way more than that.

What is eXocoin? Not just a normal coin, but a powerful ecosystem? Please explain this further. Smiley


- PLEASE make a very easy to use API (like Nxt, it's perfect. Just a few URLs to use)
- The decentralized exchange is a feature you should definitely have. With this you will push this coin to the top 5 under all coins available. And you have more than enough funds for this I suppose. Smiley




  Its exciting if it was true.
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April 02, 2014, 08:35:30 AM
 #1391

Can someone give me an update on how well the client works? I have currently problems with my VMware and can't try it out myself. Thx

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April 02, 2014, 08:37:23 AM
 #1392

Only thing I don't like about this coin is the n-factor algo. It's basically like scrypt and that one is getting old too. My gpu's run so hot with it and I don't think summer will help much.

That's why I have started to mostly mine x11 and qubit coins.


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symboler
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April 02, 2014, 09:01:16 AM
 #1393

How to add some nodes?
my active connections = 0
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April 02, 2014, 09:38:52 AM
 #1394

How to add some nodes?
my active connections = 0
Does no one read the thread?  Huh

https://bitcointalk.org/index.php?topic=430467.msg6022963#msg6022963

They will update things, because a bug was found yesterday...

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NEM:New Economy Movement http://www.ournem.com/
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April 02, 2014, 10:03:04 AM
 #1395

Regarding 2nd stage investments, have it allready started or did i miss something. Really looking forward to invest little amount on it. After reading the whitepapers and with escrow this could be huge opportunity, thought of course it allways risky business, but this project seems like legit one.

Check out Betsikingi
for betting tips and for https://betsikingi.info/vedonlyontibonukset-vedonlyontisivustot and Unibet TV for sports live streaming!
TwinWinNerD
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April 02, 2014, 10:08:56 AM
 #1396

Regarding 2nd stage investments, have it allready started or did i miss something. Really looking forward to invest little amount on it. After reading the whitepapers and with escrow this could be huge opportunity, thought of course it allways risky business, but this project seems like legit one.

No, the IPO 2nd stage will start tomorrow. You have to PM the dev to participate. He has to accept you, only then you can send coins.

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April 02, 2014, 10:19:43 AM
 #1397

Regarding 2nd stage investments, have it allready started or did i miss something. Really looking forward to invest little amount on it. After reading the whitepapers and with escrow this could be huge opportunity, thought of course it allways risky business, but this project seems like legit one.

No, the IPO 2nd stage will start tomorrow. You have to PM the dev to participate. He has to accept you, only then you can send coins.

It's the coolest IPS I've evn seen.
You can only invset only if the dev accepts you.

YinCoin YangCoin ☯☯First Ever POS/POW Alternator! Multipool! ☯ ☯ http://yinyangpool.com/ 
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April 02, 2014, 10:20:27 AM
 #1398

Would you like to have your coin listed on www.crycurex.com ?

One of the lowest trade fees - 0.09 % per trade

https://crycurex.com/info/add-currency/

Please refer to "crycurex-support" nick, its official nick for crycurex.com exchange
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April 02, 2014, 10:30:22 AM
 #1399

Only thing I don't like about this coin is the n-factor algo. It's basically like scrypt and that one is getting old too. My gpu's run so hot with it and I don't think summer will help much.

That's why I have started to mostly mine x11 and qubit coins.



maybe i am wrong but they haven't announced the algo yet?
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April 02, 2014, 10:37:13 AM
 #1400

How to add some nodes?
my active connections = 0
Does no one read the thread?  Huh

https://bitcointalk.org/index.php?topic=430467.msg6022963#msg6022963

They will update things, because a bug was found yesterday...
So many noobs just wanna get rich. Wink

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