[pandacoin] The Panda Coin ♥ Scrypt Adaptive-N w/Kimotos Gravity Well ★

[mlpaul]

chian coin?

[YayaToure]

Just configured my cgminer and signed up for some pools. All set for launch. This will be the coin of the year, can feel the energy and cant go wrong with Wolong

See here

hi guys,

a touch over 14 hours to go

a few things to mention so you dont have to scroll through 14 pages of thread

1. you cannot mine this with cgminer - it requires mining through sgminer or vertminer as we use the adaptive N
2. If you are still not sure about this coin - no one is putting a gun to your head, there are plenty of other coins to mine =)
3. The dev team are working hard to get everything finalized
4. if you are a pool owner , please jump on pandapools on freenode and message me with your pool details like this <Pool Name> <Pool URL> <fee %> - this will be updated in main thread by 7pm uk time
5. If you are an exchange, please jump on pandacoin on freenode and message me with your exchange information so that we have it - this will be updated in main thread by 7pm uk time
6. We will be ensuring a fair launch and providing all relevant mining and pool information to people so that you are not left saying 'how do i mine!'
7. please all idle in pandacoin on freenode to get a real flavour of real-time updates

thanks and panda hugs

sev

[stompix]

Funny, you can look at any of the genuinely bad coins that have come out in the last year and see that the level and intensity of hate directed at them is insignificant in comparison to what you see here.

Listen to the haters, they know this coin is going to be great.

If it wasn't they wouldn't care.

And you made you account just to say that , right?  No shilling whatsoever!

[sevoque]

Open letter from wolong states:

"The remaining coins that I will be holding will be used to prevent early dumps from those seeking nothing but profit. So now you may be asking "Why should I be so confident in this coin I've never heard of?" one word, Transparency. My wallet will be totally public and transparent on the blockchain. I can even setup alerts in any form if there is even just a slight change to my wallet balance. So if I were to trade my wallet funds on an exchange, attempting to dump, or cap prices, people will be aware and notified of this immediately before anything happens. By setting an alert up such as twitter, this will give users peace of mind and help them understand what I’m doing, why I’m doing it and the true intentions behind it."

My questions is

Who can be certain that you wouldn't selling those billion coins as soon as they get real value?
Should we believe in your word just because you're "wolong".

I got real reserves about this coin... Clone coin, premined coin, IPO...

Any thoughts?

Hi mega, thanks for the post. The best way for me to answer this is that wolong amongst others, Molly machine and others in heavily on the IPO , have confirmed that they will be holding massive amounts of coins for over 6 months in fully public wallets

Sev

[sevoque]

Can I get my sums right on this - how much of the 3% is the IPO, and how much in BTC was the IPO (200?). I'm trying to figure out what your average 1BTC investor will get in terms of Pandas in their wallet.

2% of the 3% is for the IPO , remainder is toward services,sites,dev and various others

Am I getting this right

3% Premine = 3,000,000,000 Panda
2% of 3% for IPO = 60,000,000 Panda = 200 BTC  
1 BTC = 300,000 Panda?

Nice maths!

I thought you learned maths from your philosophy teacher.

And if that is correct then a 1 million panda block reward is worth 3 BTC?
What's the percentage of 1 million panda reward in the first 50,000 block?

2% of total coins for IPO = 2 billion = 200BTC

But someone posted that it is not 2% of total coins, but 2% of the 3% premine that is allocated for IPO...

And if 2% of the 3% premine is worth 200BTC ...then the 3% premine is valued at ...10000 BTC  

This is not true. It is somewhere between 33% and 66% of the premine that is allocated to the IPO

Ah...so the 2% of 3% actually means 2/3 of the 3% premine was allocated for IPO and only 1% (1 billion panda) of premine is still being held by Wolong?

Hi Dolphin, the breakdown is that 2 percent is held for IPO investors, that includes wolong and the 1 percent is for devs and services . Regards

[sevoque]

Guys I will be home shortly and updating the OP to include a lt more details including pools, faucets, timer, etc. 30mins please

Sev

[GameofDeception]

Ok pretty much the maths is out.
3% out of 100billion is premine which gives us 3billion

out of the 3billion, 500million will go to jacobux, sevoque, a101 and a few others sub other them to work on our own exchange and panda-dice. Do bear in mind they are hardcore longterm holders of UNO and will had never dump a single bit of their own unocoin, i think those devs would also be happy enough to show their wallet in total transparency on how much % is actually being held over the time on block chain

out of the 3billion, 1 billion will be divided by 247 btcs, give all take 250btcs. I wanted to allocate 750million at first for the entire IPO(first and second ipo) but due to the exchanges downtime like btc-e etc, people deposits came in late and resulted into a surge of excessive 47 BTCS. (Kudos to everyone out there being so supportive).

Alright now out of this, 50btcs held by molly will be NON-TRADEABLE for 6months, which means it will only be release to them on the August 14, 2014. The first IPO has a total of 100btcs, 50btcs of which being molly's and the remaining 50's btc, 50% will be tradable. From that we get 25 btcs.

So total amount of pandacoins in circulation after launch will be 175/250 * 100 which is 70% of 1billion coins, 700million , with a cost of 25 satoshis.

Dogecoin started off at 5-15 satoshi before making on to an exchange, the IPO was fairly price and I doubt any sell orders or dump orders will be making into exchanges, looking at UNOBTANIUM coin for example will tell the story.

Now the remaining 1.5% will be held by me on a transparent wallet. I will have 250mil put aside for charity work, faucets to rain on #pandacoin after the bot is being done. YES YOU ARE RIGHT. You don't have to dogebet. Coins will be rain in given intervals, so now start to be active on #pandacoin Bots will calculate activeness, duration of idle, and rain coins on you. Other than that, the remaining coins of my wallet will be up on block chain, total transparency, so to all those haters who come in here and give false accusation that this is a pump and dump scheme? Well everyone can set an alert to my wallet to notify of any transactions. I will only step into the market with by 1.25% holdings to market stability if there is any premature rise, or any whales trying to manipulate it. This will be announce officially before it happen either through official panda site or my twitter if there is a need for me to step in.

Second IPO, is capped at 2BTC's per user max. I will have their wallet id where transaction is being received and their btc amount, twitter @ nick shortly once it is sorted out.
Bear in mind all of them are individual twitters acc with lots of activities and old accs which poses no threat that any whale snatches up 100 btcs worth of coins. This coin should be easily over 2x -5x returns at the price we are at now, in a month or two.


To make a coin successful, first is the integrity and transparency of the devs. Second will be fair pricing, and third the anticipation of everyone in the IPO. It seems I got all 3.
Cheers

[jdh015232]

awesome work, yall keep it up!!

[Pattes]

Seems like a good plan. Hoping all this market stabilization is a good thing, that is if there are still people interested in a real currency even if it's called pandacoin.

[XBATTO]

"
Block time: 2.5 minutes
1 minute block target
"

What is this confusion ? Am I misunderstanding something ?

Context :
About the Coin

Symbol :  PANDA
Max Coins: 100 billion panda coins.
Block time: 2.5 minutes
Subsidy halves every 840,000 blocks (~4 years)

BTC ----> Scrypt Adaptive-N with Kimotos Gravity Well  <----  BTC

Block Rewards:
1 minute block target
Block 1-50,000: 0-1,000,000 PandaCoin Reward
Block 50,001 — 100,000: 0-500,000 PandaCoin Reward
Block 100,001 — 200,000: 0-250,000 PandaCoin Reward
.
.
.

[nurvnurv]

So how many coins will someone get who, let's say, invested 1 BTC. The 'math' seems kind of complicated to me.

Nurv

[robertogl]

When is the launch?

[[-Warlock-]]

"
Block time: 2.5 minutes
1 minute block target
"

What is this confusion ? Am I misunderstanding something ?

Context :
About the Coin

Symbol :  PANDA
Max Coins: 100 billion panda coins.
Block time: 2.5 minutes
Subsidy halves every 840,000 blocks (~4 years)

BTC ----> Scrypt Adaptive-N with Kimotos Gravity Well  <----  BTC

Block Rewards:
1 minute block target
Block 1-50,000: 0-1,000,000 PandaCoin Reward
Block 50,001 — 100,000: 0-500,000 PandaCoin Reward
Block 100,001 — 200,000: 0-250,000 PandaCoin Reward
.
.
.

static const int64 nTargetSpacing = 2.5 * 60; // ThePandaCoin: block released every 2.5 minutes

[GameofDeception]

So how many coins will someone get who, let's say, invested 1 BTC. The 'math' seems kind of complicated to me.

Nurv

4mil coins
It's scrypt adaptive N so it does not really matter. Prices are easily 2x for instant. IPO is fare to give those without gpu advantage to get in, and if you have a large gpu farm, then consider it you getting your investment 2x worth at least easily.

[r0ach]

This coin is dead on arrival with 3% premine.  

Do not fall for Wolong's BS scams.

[nurvnurv]

So how many coins will someone get who, let's say, invested 1 BTC. The 'math' seems kind of complicated to me.

Nurv

4mil coins
It's scrypt adaptive N so it does not really matter. Prices are easily 2x for instant. IPO is fare to give those without gpu advantage to get in, and if you have a large gpu farm, then consider it you getting your investment 2x worth at least easily.

Okay thanks for the explanation. So 4 mil at start, and 4 mil after 6 months?

[GameofDeception]

Wow, yelling on #pandacoin then fancy coming here

Unobtanium current chart speaks for itself, I let the market do the talking.

Vertcoin on the other hand? A pump and dump scheme with absolute no market control, no market stability

Wolong +1 Vertcoin devs -1

[sevoque]

This coin is dead on arrival with 3% premine.  

Do not fall for Wolong's BS scams.

250 BTC invested.. massive community support, already listed on an exchange (more details to come) and already close to 15pools..

doesnt sound much like a scam in my books =)

[r0ach]

Wow, yelling on #pandacoin then fancy coming here

Unobtanium current chart speaks for itself, I let the market do the talking.

Vertcoin on the other hand? A pump and dump scheme with absolute no market control, no market stability

Wolong +1 Vertcoin devs -1

Your username:

GameofDeception

GameofDeception

GameofDeception

It's a wulong pump and dump club member.  Anyone that comes near this coin is a fool.

A good video about scam artists like this for any newbies reading this thread:  https://www.youtube.com/watch?v=2T-I9zZT8U8

[GameofDeception]

So how many coins will someone get who, let's say, invested 1 BTC. The 'math' seems kind of complicated to me.

Nurv

4mil coins
It's scrypt adaptive N so it does not really matter. Prices are easily 2x for instant. IPO is fare to give those without gpu advantage to get in, and if you have a large gpu farm, then consider it you getting your investment 2x worth at least easily.

Okay thanks for the explanation. So 4 mil at start, and 4 mil after 6 months?

No, it only applies to first IPO, in the case of first IPO, they get only 2mil and then 2mil 6months later. You will get your full 4 mil

@r0ach

Either you are blind or you are just here for jealousy
Pandacoin launch was to provide a better market regulation, everything is 100% transparency, there isn't any pump or dump, read all my post and vertcoin of yours sucks. just get away.