[ANN][10-5] TenfiveCoin - Designed for Mobile - MANDATORY UPDATE 0.9.0.0

[geokilla]

Sevoque and/or tenfive team, I sent you PM.

[trogdorjw73]

To the "devs":
You change the reward structure after release, why do not you dare to mention it in the OP?

Please see the OP, the rewards were updated there as soon as we posted a new version.

What I mean is that WHY do the OP not dare to mention the  CHANGE OF REWARD STRUCTURE, not the new reward structure.

The reward structure has always stated flat pi, the changes just made that more accurate.

Also please refrain from using ALL CAPS in this thread.

Thank you.

So not only did they change the reward structure, but now it's apparently flat pi forever (until mined out of course)? Because right now, I'm seeing rewards of pi still coming at block 6168. From the current rewards list:

The "Flat" Reward Scheme designed to reward Pi for the majority duration:
First 1050 blocks: Payout of 1.57079632679 per block
Next 3150 blocks: Payout of 3.14159265359 per block
Next 4000 blocks: Payout of 9.42477796077 per block
Next 5150 blocks: Payout of 3.14159265359 per block
Final value of 3.14159265359 per block for the remaining blocks

So we're at pi until/unless something changes, which means after 28 days when the "Stipulation: 4-week mandatory share lockdown. After lockdown period only a % based on quarterly performance reports will be paid out" clause comes into play, we will be looking at approximately 84000 10-5 mined (technically a bit less due to the first 1050 blocks being <pi), plus the pre-mine of 105000 10-5. I smell a large dump of 105K 10-5 coming up at that point in time -- I wouldn't recommend holding, buying, or mining 10-5 because of this. Had they stayed with the original reward structure, at one month there would be roughly 413465 10-5 coins mined, plus the premine. So yes, they have gone from owning 20% of all coins at day 28 to owning over half of all coins at day 28. It won't matter that they only have a "1% premine" because at the current rate of generation it will take almost ten years to get to the maximum supply of 10,5 million coins.

Consider yourselves warned.

[tenfivecoin]

To the "devs":
You change the reward structure after release, why do not you dare to mention it in the OP?

Please see the OP, the rewards were updated there as soon as we posted a new version.

What I mean is that WHY do the OP not dare to mention the  CHANGE OF REWARD STRUCTURE, not the new reward structure.

The reward structure has always stated flat pi, the changes just made that more accurate.

Also please refrain from using ALL CAPS in this thread.

Thank you.

So not only did they change the reward structure, but now it's apparently flat pi forever (until mined out of course)? Because right now, I'm seeing rewards of pi still coming at block 6168. From the current rewards list:

The "Flat" Reward Scheme designed to reward Pi for the majority duration:
First 1050 blocks: Payout of 1.57079632679 per block
Next 3150 blocks: Payout of 3.14159265359 per block
Next 4000 blocks: Payout of 9.42477796077 per block
Next 5150 blocks: Payout of 3.14159265359 per block
Final value of 3.14159265359 per block for the remaining blocks

So we're at pi until/unless something changes, which means after 28 days when the "Stipulation: 4-week mandatory share lockdown. After lockdown period only a % based on quarterly performance reports will be paid out" clause comes into play, we will be looking at approximately 84000 10-5 mined (technically a bit less due to the first 1050 blocks being <pi), plus the pre-mine of 105000 10-5. I smell a large dump of 105K 10-5 coming up at that point in time -- I wouldn't recommend holding, buying, or mining 10-5 because of this. Had they stayed with the original reward structure, at one month there would be roughly 413465 10-5 coins mined, plus the premine. So yes, they have gone from owning 20% of all coins at day 28 to owning over half of all coins at day 28. It won't matter that they only have a "1% premine" because at the current rate of generation it will take almost ten years to get to the maximum supply of 10,5 million coins.

Consider yourselves warned.

Right, as stated in the op under the stipulation (in red underlined) a note that says the payouts to the devs and marketers will be only a % and not the full bounty at once. We are very interested in creating a sustainable market, and we are not going to be awarding the devs too many shares to start out with, and it will be based off of USD value so if the market cap value rises considerably then the payout to the devs also decreases.

Please keep this in mind.

[Mikellev]

Sad but sometimes you have to let got. 10-5.poolerino.com will shut down stratums now. Will be reachable for the frew miners to payout their coins until Monday 24.March.

Thank you for mining with us.

[icanprogram]

Sad but sometimes you have to let got. 10-5.poolerino.com will shut down stratums now. Will be reachable for the frew miners to payout their coins until Monday 24.March.

Thank you for mining with us.

Sad to hear, may I ask why you've made this decision?
Anyhow, poolerino users be aware!

[Mikellev]

Sad but sometimes you have to let got. 10-5.poolerino.com will shut down stratums now. Will be reachable for the frew miners to payout their coins until Monday 24.March.

Thank you for mining with us.

Sad to hear, may I ask why you've made this decision?
Anyhow, poolerino users be aware!

Easy explained: 0 Worker since nearly 3 days now.
Even its 0% fee and not our main bizz, we have to calculate server costs devided to the donations each pool pays. 0 Workers on a pool means 0 Donations.

Poolerino.com users will get informed by email today and again on sunday. Plus we keep the server db archived for long long time, so if someone needs something in the futue we will be here to answer.
Doing this job since 7 month now

[slasherzx]

what block where will we have 9.42477796077 reward?

[sevoque]

what block where will we have 9.42477796077 reward?

there will never be another 9.42477796077 reward, it is constant at 3.14 now

[Zhoa8]

what block where will we have 9.42477796077 reward?

not sure but I think we already passed it and are on pi rewards now

[sevoque]

what block where will we have 9.42477796077 reward?

not sure but I think we already passed it and are on pi rewards now

correct

[sevoque]

Any asian users here who are able to offer translation services specifically for chinese forums?

We are looking for an asian hype man and are offering 250 10-5's for a good fit

PM me.

sev

[geokilla]

Sevoque I sent you a PM regarding my IPO and you haven't replied...

[sevoque]

Sevoque I sent you a PM regarding my IPO and you haven't replied...

Checking now will PM you.

[geokilla]

Sevoque I sent you a PM regarding my IPO and you haven't replied...

Checking now will PM you.

Solved. Thanks

[littlewizard]

To the "devs":
You change the reward structure after release, why do not you dare to mention it in the OP?

Please see the OP, the rewards were updated there as soon as we posted a new version.

What I mean is that WHY do the OP not dare to mention the  CHANGE OF REWARD STRUCTURE, not the new reward structure.

The reward structure has always stated flat pi, the changes just made that more accurate.

Also please refrain from using ALL CAPS in this thread.

Thank you.

So not only did they change the reward structure, but now it's apparently flat pi forever (until mined out of course)? Because right now, I'm seeing rewards of pi still coming at block 6168. From the current rewards list:

The "Flat" Reward Scheme designed to reward Pi for the majority duration:
First 1050 blocks: Payout of 1.57079632679 per block
Next 3150 blocks: Payout of 3.14159265359 per block
Next 4000 blocks: Payout of 9.42477796077 per block
Next 5150 blocks: Payout of 3.14159265359 per block
Final value of 3.14159265359 per block for the remaining blocks

So we're at pi until/unless something changes, which means after 28 days when the "Stipulation: 4-week mandatory share lockdown. After lockdown period only a % based on quarterly performance reports will be paid out" clause comes into play, we will be looking at approximately 84000 10-5 mined (technically a bit less due to the first 1050 blocks being <pi), plus the pre-mine of 105000 10-5. I smell a large dump of 105K 10-5 coming up at that point in time -- I wouldn't recommend holding, buying, or mining 10-5 because of this. Had they stayed with the original reward structure, at one month there would be roughly 413465 10-5 coins mined, plus the premine. So yes, they have gone from owning 20% of all coins at day 28 to owning over half of all coins at day 28. It won't matter that they only have a "1% premine" because at the current rate of generation it will take almost ten years to get to the maximum supply of 10,5 million coins.

Consider yourselves warned.

Right, as stated in the op under the stipulation (in red underlined) a note that says the payouts to the devs and marketers will be only a % and not the full bounty at once. We are very interested in creating a sustainable market, and we are not going to be awarding the devs too many shares to start out with, and it will be based off of USD value so if the market cap value rises considerably then the payout to the devs also decreases.

Please keep this in mind.

You guys can claim the "FLAT PI" structure, then why NOT 31.4 per block, rather than 3.14?
What drives you to decrease the reward structure, rather than increase it?
Do not tell me sustainable market. It is not directly related to the block reward unless it is very high and low.

[littlewizard]

Guys, keep the twitter followers coming, 78 left until we do a massive giveaway!

https://twitter.com/tenfivecoin

Target followers for giveaway is 250.

At the rate of followers this coin has gotten so far since launch it could be a few weeks more yet

100+ of those are in last 36 hours

edit: also it excites me that this coin has hardly had any attention yet, wait until it does..

I think a lot of people have just walked on by hence the lack of attention.  A bad reputation tends to stick unfortunately.  Panda was your real winner but we all know greed ruined that one.

I think we are going to see a huge influx of new users and the real start to this coin. Despite having a perfect and smooth launch, we are only just now begining to feel the momentum from the launch really kick in. We are on coinmarketcap, cryptorush, have a solid site and dashboard and already peaked at 1.6 dollars, this is just starting out

Look at the response of the first page, you will understand. A lot of people have already seen this premined IPO coin, and noticed that you are the same group of PANDA.
I agree with "A bad reputation tends to stick unfortunately.  Panda was your real winner but we all know greed ruined that one. "

[Zhoa8]

Guys, keep the twitter followers coming, 78 left until we do a massive giveaway!

https://twitter.com/tenfivecoin

Target followers for giveaway is 250.

At the rate of followers this coin has gotten so far since launch it could be a few weeks more yet

100+ of those are in last 36 hours

edit: also it excites me that this coin has hardly had any attention yet, wait until it does..

I think a lot of people have just walked on by hence the lack of attention.  A bad reputation tends to stick unfortunately.  Panda was your real winner but we all know greed ruined that one.

I think we are going to see a huge influx of new users and the real start to this coin. Despite having a perfect and smooth launch, we are only just now begining to feel the momentum from the launch really kick in. We are on coinmarketcap, cryptorush, have a solid site and dashboard and already peaked at 1.6 dollars, this is just starting out

Look at the response of the first page, you will understand. A lot of people have already seen this premined IPO coin, and noticed that you are the same group of PANDA.
I agree with "A bad reputation tends to stick unfortunately.  Panda was your real winner but we all know greed ruined that one. "

Littlewizard I think the devs have been more than accommodating to the users on this forum and if you don't like the coin my advice is to stop replying if you don't have anything nice to say. Otherwise you come off as a concern troll that has no real input to the coin project.

My opinion if you don't like it there's plenty of other IPO coins for you to to be concerned about. So far no evidence has been brought up to prove your claims.

[tenfivecoin]

Here is a screenshot of the working balance and qr commands that will pull up your balance from your wallet.

The next version will have USD/CNY/EUR options to display e.g (balance # 10-5 total in USD.)

https://f.cloud.github.com/assets/3149010/2487110/fad7fef4-b12f-11e3-94ba-f391d184c901.png
This would be much further along, but we were writing the backend for the exchange the past 2 days  

[foaman]

littlewizard is a littleman with no life at all.  most of us have trolled a thread with a negative post or 2 but this guy is something else.  he must have been beaten or neglected as a child.

[icanprogram]

You guys can claim the "FLAT PI" structure, then why NOT 31.4 per block, rather than 3.14?

Well, pi is approximately 3.14, not 31.4.