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Author Topic: [ANN] [CN-Lite V1] Plenteum - faster, lighter chain, saving on fees  (Read 2122 times)
plenteum-dev
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August 02, 2018, 10:38:43 AM
 #1

https://user-images.githubusercontent.com/38456463/43392866-43c69cf4-93f5-11e8-81e2-3e3f81b6ca1d.png

Ticker: PLE

Our Aim is create a lighter, faster chain by removing dust and utilising this to sustain future mining rewards, and reducing fees.

GitHub: https://github.com/plenteum/plenteum

Website: https://www.plenteum.com

Features:
 - Cryptonight Lite V1
 - 120 second block time
 - 21,000,000,000 total supply
 - 2.5% premine

Why Plenteum ?
As you are probably aware, transaction fees are a contentious issue - there's uncertainty over whether fees will be enough to sustain mining long term, when emissions start to run out and there's unhappiness over how expensive fees can be, even for small amounts as fees are based on byte size, and not transaction amounts.

Our idea is to utilise DUST to solve this (and the general DUST issues that exist in a number of blockchains).
Our blockchain will not require transaction fees
The blockchain will have a new feature called the "DustFund"....
Instead of returning dust to users wallets, dust will be grouped and added to the dust fund on the chain (balance visible in block explorer)
- Users can opt out of this and elect to have their dust returned to their wallets
- this is done by operating the coin and base requards off 8 decimals, wher only 2 are usable.
The dust fund will then be used to supliment mining rewards when the coin enters it tail emission phase, instead of fees.

Ultimately what this means for the chain is as follows:
- No more "bloat" from dust, so chain is lighter and faster
- No more "dust" problem in wallets, avoiding high fees and the need for second wallet and additional (likely high) transaction costs to consolidate dust.
- No enforced transaction fees (we are considering the idea of allowing fees to increase transaction priority, but currently not sure when that will be implemented, will take the lead from the community)

This ultimately means that the success (or failure) of the coin is entirely up to the community, and NOT predetermined by the developers of the coin...
- We can also more accuratley predict transaction throughput times
- And, there is less likelihood of transactions timing out

Read our white paper for further information

https://www.plenteum.com/whitepaper.pdf


Premine:
2.5% of total coins (525 million) have been premined in block 1.
1% is for operational expenses.
1% is for exchange listings.
0.5% is for airdrops, bounties, marketing, PR, and social media.

Downloads:
Release: https://github.com/plenteum/plenteum/releases

Website:
https://www.plenteum.com

Exchanges:

Pools:
http://plenteum.miner.care/
http://crypto9coin.cf/ple
https://getpool.org/ple/
http://ple.optimusblue.com/
https://plenteum.virtopia.ca

Block Explorer:
http://block-explorer.plenteum.com

Community:
Discord: https://discord.gg/EdE5jcC
Twitter: https://twitter.com/plenteum

Source:
Github: https://github.com/plenteum/plenteum

More info on Bounties and Airdrops to follow soon...
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rogerrobers
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August 02, 2018, 10:46:52 AM
 #2

cool project, will be keeping up with as new developments are made!  Cheesy
tunnel
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August 02, 2018, 10:49:15 AM
 #3

Good project, looking forward on joing it. Can we have more information about this project?

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bitekoin
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August 02, 2018, 10:50:04 AM
 #4

Unfair launch.. You launched coin with your palz there before.  Undecided

hieunm4coin
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August 02, 2018, 10:55:39 AM
 #5

https://user-images.githubusercontent.com/38456463/43392866-43c69cf4-93f5-11e8-81e2-3e3f81b6ca1d.png

Ticker: PLE

Our Aim is create a lighter, faster chain by removing dust and utilising this to sustain future mining rewards, and reducing fees.

GitHub: https://github.com/plenteum/plenteum

Website: ** Coming Soon **

Features:
 - Cryptonight Lite V1
 - 120 second block time
 - 21,000,000,000 total supply
 - 2.5% premine

Why Plenteum ?
As you are probably aware, transaction fees are a contentious issue - there's uncertainty over whether fees will be enough to sustain mining long term, when emissions start to run out and there's unhappiness over how expensive fees can be, even for small amounts as fees are based on byte size, and not transaction amounts.

Our idea is to utilise DUST to solve this (and the general DUST issues that exist in a number of blockchains).
Our blockchain will not require transaction fees
The blockchain will have a new feature called the "DustFund"....
Instead of returning dust to users wallets, dust will be grouped and added to the dust fund on the chain (balance visible in block explorer)
- Users can opt out of this and elect to have their dust returned to their wallets
- this is done by operating the coin and base requards off 8 decimals, wher only 2 are usable.
The dust fund will then be used to supliment mining rewards when the coin enters it tail emission phase, instead of fees.

Ultimately what this means for the chain is as follows:
- No more "bloat" from dust, so chain is lighter and faster
- No more "dust" problem in wallets, avoiding high fees and the need for second wallet and additional (likely high) transaction costs to consolidate dust.
- No enforced transaction fees (we are considering the idea of allowing fees to increase transaction priority, but currently not sure when that will be implemented, will take the lead from the community)

This ultimately means that the success (or failure) of the coin is entirely up to the community, and NOT predetermined by the developers of the coin...
- We can also more accuratley predict transaction throughput times
- And, there is less likelihood of transactions timing out

Premine:
2.5% of total coins (525 million) have been premined in block 1.
1% is for operational expenses.
1% is for exchange listings.
0.5% is for airdrops, bounties, marketing, PR, and social media.

Road Map:
We are looking to implement the dust fund around block 65500!
Future development to include mobile and GUI wallets.

Exchanges:

Pools:
http://plenteum.miner.care/
http://crypto9coin.cf/ple

Block Explorer:
http://block-explorer.plenteum.com

Community:
Discord: https://discord.gg/EdE5jcC
Twitter: https://twitter.com/plenteum

Source:
Github: https://github.com/plenteum/plenteum

More info on Bounties and Airdrops to follow soon...
plenteum-dev
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August 02, 2018, 10:59:40 AM
 #6

Unfair launch.. You launched coin with your palz there before.  Undecided

We did not launch with anyone we know - we put the source up on github yesterday to test some linux builds, and it was found and people started running nodes so we decided to run with it. This was around 24 hours ago and we've been scrambling to get the basics in place so we could make the announcement as soon as possible.

Sincerest apologies.



kirlirable
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August 02, 2018, 10:59:57 AM
 #7

Looks ambitious and courageous! It would be interesting to look at the result, if you notice a lot of investors.
XxsmasxX
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August 02, 2018, 11:01:19 AM
 #8

wallet windows?
princehandsome
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August 02, 2018, 11:01:26 AM
 #9

new project and I don't know all the details about this project because the website link will still be coming soon, I am interested in following the more information and progress of this project.

AnnaWillion
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August 02, 2018, 11:05:38 AM
 #10

Hi Plenteum team!

I’m writing you on behalf of Xebr exchange.
We will be happy to add your coin.The process of implementation is very fast and for free. Please, learn our platform: https://xebr.com/

Also we can help you to build your own exchange.
Let’s find the best way of cooperation!

Contacts: anna.n@xebr.com
Or PM me here

Have a good day)


Pasadoble
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August 02, 2018, 11:10:55 AM
 #11

Would be great to see your project to be listed and reviewed at www.icoguide.com I trust their rates, and as I know a lot of other people, besides, their reviews are very interesting, worth to read to make decision.
plenteum-dev
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August 02, 2018, 12:05:07 PM
 #12

wallet windows?

Hi, you'll need to compile from source, we are aiming to get the windows wallets released within the next 24 hours
close0ne
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August 02, 2018, 12:26:11 PM
 #13

Pool for you http://plenteum.miner.care/
-Low fee
-Config generator - http://plenteum.miner.care/#getting_started
-SSL support
-pay on payID
-var/fixed diff
-explorer - http://plenteum.miner.care/exp/
-wallet generator
cleder
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August 02, 2018, 04:27:43 PM
 #14

Sounds like great idea but: "We are looking to implement the dust fund around block 65500!"

So it's not implemented yet, not tested, you don't know if it will work...? Huh it's sad  Angry
There is a lot of coins with "we will have magic feature" that never implemented.
plenteum-dev
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August 02, 2018, 05:33:28 PM
 #15

Sounds like great idea but: "We are looking to implement the dust fund around block 65500!"

So it's not implemented yet, not tested, you don't know if it will work...? Huh it's sad  Angry
There is a lot of coins with "we will have magic feature" that never implemented.

Appreciate that there will be skepticism, we've done some simulations and the "idea" is sound, but there's unfortunately no way to prove it outright - it will be implemented (yes, you can hold me to that :-) )
Block 65500 is the target go-live date for the DustFund
hieunm4coin
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August 03, 2018, 04:52:31 AM
 #16

Pool: https://crypto9coin.cf/ple
Fee: 0.1%
Payout: 100 PLE
Interval: 30 seconds
Location: Singapore
bitekoin
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August 03, 2018, 07:01:58 AM
 #17

Unfair launch.. You launched coin with your palz there before.  Undecided

We did not launch with anyone we know - we put the source up on github yesterday to test some linux builds, and it was found and people started running nodes so we decided to run with it. This was around 24 hours ago and we've been scrambling to get the basics in place so we could make the announcement as soon as possible.

Sincerest apologies.



Ok, next time the solution is, restart the chain once you find out blocks are being mined unknowingly.
I appreciate your honesty.

Tripple O
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August 03, 2018, 07:27:50 AM
 #18

Still no information about exchanges? Or you are working on it? Seems everything good, but I want to see the next information related exchange firstly. Then, I am also curious about bounties and airdrops program of Plenteum. thanks  
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August 03, 2018, 07:53:10 AM
 #19

Is this coin PoW only? CPU/GPU mineable, we need more detalis. Good luck!

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Judderz16
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August 03, 2018, 07:54:32 AM
 #20

Still no information about exchanges? Or you are working on it? Seems everything good, but I want to see the next information related exchange firstly. Then, I am also curious about bounties and airdrops program of Plenteum. thanks  

Coin is 2 days old, and you want exchanges already, GUI isn't even out. Not sure why 'you want to see it firstly', or what gives you that kind of authority to demand it, but let the coin grow first.
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