[ANN][ABS] Absolute Coin | First Proof of View currency backed by Masternodes

[Crypto-Centric]

Many thanks guys, ABS is still in its infancy but we are improving and getting closer to our goals everyday. We are looking forward to the future, an exciting application and business model which ABS will have! More details coming soon.

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[1715672456]

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[cygan]

845 sats for 1 ABS - nice moves on graviex 

its finally time for ABS to be listed on cmc to gain more attention for this project!

[synthgauge]

Governance is now active on the network.

Are guide on how to use Governance is available below, it explains the code basics on using the system to vote for proposals that are laid out on: https://gov.absolutecoin.net/governance.php

We will see how people get on with this and whether any additional information is required.

Governance Guide: https://info.absolutecoin.net/docs/Absolute-(ABS)-Governance-Guide.pdf

What logistics system was used as a model for simulation of decentralized fragmented reality. I suppose there wasnt any modelling. If the project is coordinated by nobody why does it live, whats the benefit of having only a piece of disassembled puzzle without the guide on how to put it together. My prognosis is that libertarian marsh will be the next station for this train.

[Crypto-Centric]

That is some what cryptic in its own way synthgauge, thanks for sharing.

Ok, a new wallet version V12.2.4a should be available tomorrow. We will post in here when its released.

Also we are now available on medium: https://medium.com/@absolutecoin

[loicuagio1979]

After reading your medium article from head to tail without missing a single word, I find the desire deep inside it. If you keep moving forward like what you have been doing and keep your promises, I do think that the current price is too cheap in comparison with many MN coins
Regards

[Patel Joe]

Hello, fellows.
Do I need to pass КYC to participate in Airdrop or Bounty? And What is the story behind the name of your business, what does it mean??

[TakeItEasy]

The last few days ABS actively traded on exchanges. Glad to see.

[Crypto-Centric]

Sure is, its good to see improvements in trading

ok everyone, we are currently ranked 414 on Coin Gecko, we are setting a goal to try and get under 300 by the end of next week. We have submitted a change request to add all our social media accounts. Subscribing to these accounts or following us on twitter and Reddit would be appreciated!

Coin Gecko: https://www.coingecko.com/en/coins/absolute/

A Github Webhook is now available on the Discord Github channel so everyone can see when we commit changes to the repository.  We would appreciate it if anyone with a GitHub account watches and stars our ABS account. The main ABS repository is here: https://github.com/absolute-community/absolute

[TakeItEasy]

Will you release V12.2.4a today like you planned ?

[Crypto-Centric]

Yes, should be available later on today. I will post in here when its ready.

[cygan]

need i have to update the current wallet to the new version, or can the current version continue to run without any problems?

you also plan ABS listed on cmc?

[Crypto-Centric]

Its not a mandatory update but it will improve stability of your nodes.

CMC is in progress again as we submitted a new application today.

[Crypto-Centric]

Wallet release V12.2.4a is now available. This is a non mandatory update everyone that will make your nodes more stable and remove the chance of ending up on a orphaned fork.

This minor release includes:
-Updates to minimum version protocol
-UI changes to the wallet
-GCC size reduction

You can upgrade your VPS node or wallet via Github or the wiki guides.

Wallets: https://github.com/absolute-community/absolute/releases/tag/12.2.4

Upgrade Guide: https://github.com/absolute-community/absolute/wiki/Masternode-Update-Guide-For-V0.12.2.4a

[evilsign]

I see this coin has the potential to grow because driven by the community and still exist until now. Is there a more detailed roadmap for this project coin? If there can you announce it? Because there have been so many projects stalled. They only make a master node without thinking about the direction and purpose of their project. Sometimes even if there are a vision and mission, it is also less clear and inconclusive.

[Crypto-Centric]

I see this coin has the potential to grow because driven by the community and still exist until now. Is there a more detailed roadmap for this project coin? If there can you announce it? Because there have been so many projects stalled. They only make a master node without thinking about the direction and purpose of their project. Sometimes even if there are a vision and mission, it is also less clear and inconclusive.

A road map which is more detailed is in the works, we know exactly what we are aiming for. The chosen path to get there has taken some time to decide on.

Its taken some time to do due diligence on the wallet and blockchain platforms for the PoV network. We are at the stage now where we can get our heads down and continue on the core network.

Development is split into these areas are present:

- ABS Wallet improvements
- PoV Core network implementation
- Developing the interoperability between the two chains
- Mobile wallet

[kelseydustin]

Is there a link to the actual masternode installation process?

The MN settings process, detailed in discord project.

[niohiemi]

Hello,  It takes me 30 minutes (more or less), to realize the real essence of this idea. I'm in, I'll put all of my assets to this business. I'll take my time for this

[condoras]

Hello,  It takes me 30 minutes (more or less), to realize the real essence of this idea. I'm in, I'll put all of my assets to this business. I'll take my time for this

Now that the price is low, it will be a good time to buy some more and make as much MN's as you can.

[Crypto-Centric]

ABS weekly announcement

So it’s been two weeks since the last announcement, so apologies for a break from the normal routine. We have had lots going one elsewhere particularly on my part, so we should be back to service as normal going forward.

Wallets
So the latest V12.2.4a is now available, we would recommend that people use this version to improve stability although it is not mandatory. This release totally removes all older protocol nodes from the network. There were also some small GUI changes made to the wallet.

The wallet can be fund here: https://github.com/absolute-community/absolute/releases/tag/12.2.4

Ugrade guide is available here: https://github.com/absolute-community/absolute/wiki/Masternode-Update-Guide-For-V0.12.2.4a

The next release will include a number of changes based on the outcome of two proposals:

C2 - https://[Suspicious link removed]/2w4efuw  - Block Time Adjustment to 120 seconds?
C3 - https://[Suspicious link removed]/2LkVZBN - Annual Reward Reduction to 50%?

Both of these proposals have passed and will be added into the next release.

Rewards and PoV Payments
Restricting supply via Proposals C2 and C3 brings us in line with our current plans regarding PoV. The standard rewards structure that will be implemented means that supply in year 10 will be just under 18,000 ABS per year and in year 15 will be just 561ABS per year. After 15 years the total ABS release will be 18.4MM ABS leaving over half of supply available for distribution via the PoV subsidised network.
One distribution method regarding the subsidy amount would be set against global advertising turnover and then adjusted based on PoV network performance against a projected target figure.

This means that as the PoV turnover increases this should start to offset the reward reductions on the Mainnet.

Chain Infrastructure
The Mainnet that ABS is currently running on will be adapted to suit the PoV integration, This could move certain areas of the code away from parts of the Dash core that is it currently built on.

The PoV chain in phase one will be built on a separate daemon which will running independently from the Mainnet wallet. The PoV chain will run off of a 10 second block time producing rapid transactions that can be payed via the PoV node interface with the Mainnet at scheduled times. 

This chain is powered via POW CPU mining using quark or similar. We are currently using SHA256 but will adapt this to suit the appropriate node loadings. There will be no rewards from mining on this network.

Wallet Development
We will be moving away from the QT wallet UI that we currently have and base the UI on technology that Discord amongst others is actually built on. The first wallet will be node.js with an electron container. We might at a later stage more totally into a node.js wallet but this is undecided at present. This UI will give us the ability to improve the look and functionality of the wallet. The approach also makes it easier for us to implement the PoV contract interface into the wallet core.

Portal
We are currently setting up a new server which we will then migrate the current portal which is still in development on to. Once this is completed we could allow certain parts of the portal access to the wallet (if we can do it in a secure way) via the electron container. This will allow further details and information from the portal to be displayed in the wallet.

Governance
We would like to encourage member to vote in a regular basis, budgets are an important part of ABS and if we can’t get funding then development, exchange funding and marketing stall. We currently have multi budget proposals in place. These can be viewed via the proposal channels on discord or
https://gov.absolutecoin.net/governance.php

We will update the superblock spacing soon so that we can produce two budget per month rather than for. This will be added in to the core code in the next release. 

Coin Market Cap
We recently requested listing on CMC, unfortunately we are still unable to list there. Most areas that they measure the ABS are very good but we need to improve volume before any further application is made.

Exchanges
We currently are looking at listing on Coinex as well as other such as Crex 24. As the budget is tight we are taking our time before deciding where to list. Yobit was another option but the customer service there is not something that we feel is suitable or aligned with our own values.

Week ahead
We have quite a lot of work to do on data fills and populating all the social account we have, I’m making this a priority so that we can push ABS to the next level and hopefully attract some new volume.

More work will be done on the PoV chain which is now been tested at a fundamental level. The UI is currently in development via electron, hopefully we can share something here when we feel is suitable.

Hope everyone has as good weekend, more to follow soon!

[Crypto-Centric]

ABS weekly announcement

Wallets – V12.2.5a
We are looking to improve a number of areas of ABS in this release. These include the Masternode list refresh/sync issues and possible changes to Sentinel listings within the status list. We are also improving RPC outputs and some simple bug fixes.

Work on PoV is ongoing but we are looking to get the basic interface sorted in the electron wallet so that it is ready for the start of the PoV chain.

Portal
The Portal server is now setup up ready for further configuration. This has been ongoing for a while now so we will try and get this finished soon.

Exchanges
Weighing up our options, based on what community members have been saying. I feel that listing on Crex24 would be a good idea in the short term to try and improve our volume. Coinex is also a possible listing but we will have wait and see if our application is accepted.

Without further listings it is in doubt if we can get on CMC, so this is a small step in the right direction.

We have until the end of the month to list at 0.2btc. Any objections should be made before the 25th before we proceed with this.

Social media
Our accounts need some more actively, we currently have team user slots available on Hootsuite. If anyone is interested in adding some actively to our accounts, please PM me if you are interested.

Coingecko
We have a solid rank in the low 400’s out of 2782 coins at the moment, we want to get this lower. Our GitHub activity is ok at the moment but we need more action on our social accounts to improve our rank. Doing the following will help us:

- Fork and star our ABS repo on Github
- Follow us on Twitter
- Follow us on Reddit
- Adding posts on the ABS Sub-Reddit

Thanks everyone, hope you enjoy the rest of your weekend!