[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[rat4]

i realized, that my blacknetamount is shrinkin....

For each new burn, we shrink balance of all accounts, so that the sum stays 1 000 000 000

Sooo does that mean someone other than me has control over the AMOUNT in my wallet

Only owners of BLK.

[hacked_account1349]

You can calculate your share/amount of blacknet as follow:

((( <<YOUR BLK BURN>> * 1.<<BONUS%/100>>) / <<TOTAL BLK BURNED>>) * 1e9

OR, same formula

(( <<YOUR BLK BURN + BONUS%>> / <<TOTAL BLK BURNED>>) * 1e9

WHERE:

YOUR BLK BURN = Amount of BLK burned by you
BONUS% = Bonus percentage active at moment of burn
TOTAL BLK BURNED = Total amount of accepted BLK burns by everyone

Because TOTAL BLK BURNED changes constantly, total amount of blacknet you get will be different

[mitzi101]

can i use the same blacknet pubkey for burning multiple times ?
i almost missed the bonus period because of Hurricane, thank god i took my laptop
:-)

[muleroaa]

What is the complete bonus schedule breakdown till the 14th of December?

Maybe this could be added to the OP.

[BigWait]

  When burn 10000K

[rat4]

can i use the same blacknet pubkey for burning multiple times ?

Yes.

What is the complete bonus schedule breakdown till the 14th of December?
Maybe this could be added to the OP.

Added

[hacked_account1349]

Hi rat4, what is idea for latest update in blackcoin code on github? (1.2.5.2)

https://github.com/CoinBlack/blackcoin/commit/ab35aef819b0b8ec4027b00bbbd6fbf60991b443

[rat4]

Hi rat4, what is idea for latest update in blackcoin code on github? (1.2.5.2)

https://github.com/CoinBlack/blackcoin/commit/ab35aef819b0b8ec4027b00bbbd6fbf60991b443

As soon you burned BLK for Blacknet you can update to this version

[Koal-84]

I have a question for the burn, the Wallet Blacknet 1.2.5.1 compatible to the Blackcoin Wallet 1.2.5.2 or i also can send the "old" Coins to the "new" address and at the new Wallet i can burn the old Coins?

Instruction for Windows and Linux

    Download BlackCoin wallet 1.2.5.1
    Use the debug window or CLI to execute following commands.
    blacknetkeypair Save your mnemonic before proceeding further.
    burn n pubkey to burn n coins.

The old coin have also a future so i will split!

Thats right?

[hacked_account1349]

I have a question for the burn, the Wallet Blacknet 1.2.5.1 compatible to the Blackcoin Wallet 1.2.5.2 or i also can send the "old" Coins to the "new" address and at the new Wallet i can burn the old Coins?

Instruction for Windows and Linux

    Download BlackCoin wallet 1.2.5.1
    Use the debug window or CLI to execute following commands.
    blacknetkeypair Save your mnemonic before proceeding further.
    burn n pubkey to burn n coins.

The old coin have also a future so i will split!

Thats right?

The new wallet (1.2.5.2) is same as old, but without possibility to create "blacknetkeypair" and also it shows no warning message in future that IBO will end 14 dec., (maybe older versions will show this alert indefinitely, I do not know)
To continue to use blackcoin you can best use 1.2.5.2 (but any other version will work)

[Gritt-N-Auld]

Hey rat4, the IBO alert you pushed out crashed every node into safemode (So exchanges, cryptoid). Much love to you and I know that you had a chuckle, but you ruined my last hour =(.

[michelvankessel]

For those who would like to continue with blackcoin.. please update ASAP to version 1.2.5.2 (after burning). The old wallets are useless for BLK

Direct link: https://github.com/CoinBlack/blackcoin/releases/tag/v1.2.5.2

[pwpwpw]

Will it be possible to stake with the new 1.2.5.2 wallet too? Also, when are the new coins issued after the burning ?

[hacked_account1349]

Wallet update 1.2.5.2

Changelog:
Remove code that is not required after Blacknet IBO
Don't show notification about Blacknet IBO

[Koal-84]

I have a question for the burn, the Wallet Blacknet 1.2.5.1 compatible to the Blackcoin Wallet 1.2.5.2 or i also can send the "old" Coins to the "new" address and at the new Wallet i can burn the old Coins?

Instruction for Windows and Linux

    Download BlackCoin wallet 1.2.5.1
    Use the debug window or CLI to execute following commands.
    blacknetkeypair Save your mnemonic before proceeding further.
    burn n pubkey to burn n coins.

The old coin have also a future so i will split!

Thats right?

The new wallet (1.2.5.2) is same as old, but without possibility to create "blacknetkeypair" and also it shows no warning message in future that IBO will end 14 dec., (maybe older versions will show this alert indefinitely, I do not know)
To continue to use blackcoin you can best use 1.2.5.2 (but any other version will work)

Any FAQ to split the BLK from one address and wallet to old and New BLK?

[shawn2025]

I'm running Mac v1.2.4-dirty.  How do I burn and memetic?   

Thanks! 

[Koal-84]

I have a question for the burn, the Wallet Blacknet 1.2.5.1 compatible to the Blackcoin Wallet 1.2.5.2 or i also can send the "old" Coins to the "new" address and at the new Wallet i can burn the old Coins?

Instruction for Windows and Linux

    Download BlackCoin wallet 1.2.5.1
    Use the debug window or CLI to execute following commands.
    blacknetkeypair Save your mnemonic before proceeding further.
    burn n pubkey to burn n coins.

The old coin have also a future so i will split!

Thats right?

The new wallet (1.2.5.2) is same as old, but without possibility to create "blacknetkeypair" and also it shows no warning message in future that IBO will end 14 dec., (maybe older versions will show this alert indefinitely, I do not know)
To continue to use blackcoin you can best use 1.2.5.2 (but any other version will work)

when i received the new coins? It's very confused without a FAQ when i will have a split or i must send the old Coins to a exchange then the burn new version and send back? When i become the new or on which address?

[rat4]

I'm running Mac v1.2.4-dirty.  How do I burn and memetic?

Unfortunately, we don't have wallet that works on mac.
I'm offering 2000 BLK bounty for 1.2.5.2 for macOS.

when i received the new coins? It's very confused without a FAQ when i will have a split or i must send the old Coins to a exchange then the burn new version and send back? When i become the new or on which address?

You need to burn (destroy) BLK to get the new token in genesis block.

[pwpwpw]

rat4, the distribution of the new coins will happen in december when the burning is over or it's already possible to claim the new coins ? Also will staking work just like previously on the new one ?

[rat4]

rat4, the distribution of the new coins will happen in december when the burning is over or it's already possible to claim the new coins ? Also will staking work just like previously on the new one ?

Distribution will be known only after burning is over. Yes, staking is similar.