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Author Topic: [NENG]Nengcoin - A Decentralized Multi-Rig Solo Mining Scrypt Coin  (Read 43883 times)
honglu69 (OP)
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May 29, 2021, 03:25:48 PM
 #761

SouthXchange Listing Application Progress

Here is latest update from commissioner Sefia from discord on the application and discussion with southXchange on Nengcoin and Cheetahcoin and also their wrapped coin (in binance smart chain for defi):

Quote
Sefia — Today at 7:44 AM

This is the update from SouthXchange. They are not able to refund the votes but they are able to do a discount on listing + wrapping of both coins at 0.25 BTC vs full price of 0.27 BTC About $8,750 for both projects based on current BTC price at this time

Screenshot:

https://www.reddit.com/r/nengcoin/comments/nnpnq1/southxchange_listing_application_progress/
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May 29, 2021, 05:07:32 PM
 #762

UPDATES : SouthXchange Listing Package Confirmed - PLEASE HALT YOUR VOTES
Updates everyone !

Full text of announcement from Commissioner Sefia:
https://www.reddit.com/r/nengcoin/comments/nnr53r/updates_southxchange_listing_package_confirmed/
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May 30, 2021, 05:19:31 AM
Last edit: May 31, 2021, 08:58:31 PM by honglu69
 #763

Community Donation for SouthXchange Listing Fee for Nengcoin/Cheetahcoin
Nengcoin/Cheetahcoin dev team and commission are doing the first real community fund raising, specifically for the purpose of listing two coins into SouthXchange exchange.

SouthXchange exchange by our research is very reputable crypto exchange in Argentina operating since 2015 with good track record. The exchange is listed at coin market cap and also in coingekko so that this listing will make our two coins into major portfolio tracking software such as blockfolio.

SouthXchange is also offering a wrapped coin defi opportunity on Nengcoin and Cheetahcoin. Currently we are in the plan to issue a wrapped coin (both Nengcoin and Cheetahcoin) using our pre-mined reserve balance on Binance Smart Contract chain in 1:1 backing with tokens. The wrapped tokens opportunity at SouthXchange will offer Pancakeswap trading, liquidity pool mining and yield farming opportunity on our two coins.

We obtained very attractive package discounts of both coins + wrapped coins at 0.25 BTC for Nengcoin + Cheetahcoin. Please check out commissioner Sefia's separate update on details.

We are opening up community donation fund raising specifically for this purpose of SouthXchange listing fee payment, we thank you for all the community members to support one of the projects or both coins.

Nengcoin Donations:
BTC: 32g1PU5zjgTAbtXsPvVRQcTbPrdjTdrrjx
LTC: MDhTBKpPYBtmZQr64oxdgBnMCE2xJUi9K7
DOGE: DEMKUd9dDkopC2ivtmuQQiGpD2oB1PAU7E

Cheetahcoin Donations:
BTC: 3NhYv9w1EXavq977WKVJAux5pSEFkWdnDH
LTC: MAg46czKzsLKdPnvZYcfPPCTkyQ4xAdBUQ
DOGE: DAahgdBcmLj46gvjvqUpR2WDeTPTdqsvTz

Paypal Through BLASTINVEST LLC (owner of ShorelineCrypto):
https://paypal.me/honglu1?locale.x=en_US
email on paypal account:  hlu@blastinvest.com
Please specify your paypal donation preference on msg of paypal donation for CHTA or NENG

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June 01, 2021, 05:21:55 PM
 #764

Thank you NENG/CHTA Community for the Donations
We just started out Nengcoin/Cheetahcoin SouthXchange listing donation actions recently. The response from both communities are awesome.

So far multiple people donated quite large sum of fiat/coins. As of today, on USD term, we well passed 50% of total need of 0.25 BTC (roughtly 9k USD):

Nengcoin total donations on bitcoin/dogecoin: ~ $3870 USD worth

Cheetahcoin total donations on bitcoin/litecoin/dogecoin - $1500 USD worth

For donation details, please checkout our discord channels
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June 05, 2021, 05:45:33 PM
 #765

Trading/Investing Tips on Crypto and NENG/CHTA

I  want to share some trading/investing tips on crypto.  This is not investment advice, just as one who did years of stock trading and successful crypto investment sharing some 2 cents tips here.  

NO MARGIN/LEVERAGE
Lots of newbie made mistake on this. Do not, never do crypto investment on margin or leverage. NO, do not do that.  Crypto is very volatile, bitcoin is extremely volatile. Margin or leverage trading will make you to lose shirt, sell at worst time, like recently. Not worth it.

Risk Adjusted Investment into Bitcoin/Ethereum/Dogecoin/Litecoin
However, it is reasonable that one want to amplify and want to invest to gain more on bitcoin.  You can size it properly.  You do not need leverage or margin.   There are altcoins.  one can size it properly with risk adjustment. That is how I do it. I invest majority of my wealth into bitcoin.  Bitcoin is digital gold,  it is more surer coin than others. bitcoin will likely hit 200k at year end.  If you have 100k or more, large sum of money, bitcoin should be the top choice and consider that first.
Then there are litecoin/dogecoin.  and put Ethereum there. They are not as solid as bitcoin, but good to put some % there too. They are likely to get 2x more reward than bitcoin in bull market like now.

NENG/CHTA - Huge Optionality on Small Dollar Investment
Then there are our two beloved small coins, Nengcoin and Cheetahcoin. They are so tiny,  they have market cap less than 1 million USD.  You do not need margin or leverage on crypto investing. But our two coins are equivalent of small dollar, but huge upside leveraged bet.  You can put $10 USD  or $100 USD,  both coins can go up 1000x or much more, then your small bet can get much bigger reward without risking too much, without any downside of leverage or margin trading.  This is beauty of our two coins.  In a word,  you get a huge optionality on a small dollar investment.
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June 29, 2021, 05:39:27 PM
 #766

Community Donation for SouthXchange Listing Fee for Nengcoin/Cheetahcoin - add ETH
Nengcoin/Cheetahcoin dev team and commission are doing the first real community fund raising, specifically for the purpose of listing two coins into SouthXchange exchange.

SouthXchange exchange by our research is very reputable crypto exchange in Argentina operating since 2015 with good track record. The exchange is listed at coin market cap and also in coingekko so that this listing will make our two coins into major portfolio tracking software such as blockfolio.

SouthXchange is also offering a wrapped coin defi opportunity on Nengcoin and Cheetahcoin. Currently we are in the plan to issue a wrapped coin (both Nengcoin and Cheetahcoin) using our pre-mined reserve balance on Binance Smart Contract chain in 1:1 backing with tokens. The wrapped tokens opportunity at SouthXchange will offer Pancakeswap trading, liquidity pool mining and yield farming opportunity on our two coins.

We obtained very attractive package discounts of both coins + wrapped coins at 0.25 BTC for Nengcoin + Cheetahcoin. Please check out commissioner Sefia's separate update on details.

We are opening up community donation fund raising specifically for this purpose of SouthXchange listing fee payment, we thank you for all the community members to support one of the projects or both coins.

Nengcoin Donations:
BTC: 32g1PU5zjgTAbtXsPvVRQcTbPrdjTdrrjx
ETH: 0xdcABece146331AF37F8E9f9677c4cDD80d818e0b
LTC: MDhTBKpPYBtmZQr64oxdgBnMCE2xJUi9K7
DOGE: DEMKUd9dDkopC2ivtmuQQiGpD2oB1PAU7E

Cheetahcoin Donations:
BTC: 3NhYv9w1EXavq977WKVJAux5pSEFkWdnDH
ETH: 0x2e7d709Ca31C371682F8d82dAfAcC91D6c3764BB
LTC: MAg46czKzsLKdPnvZYcfPPCTkyQ4xAdBUQ
DOGE: DAahgdBcmLj46gvjvqUpR2WDeTPTdqsvTz

Paypal Through BLASTINVEST LLC (owner of ShorelineCrypto):
https://paypal.me/honglu1?locale.x=en_US
email on paypal account:  hlu@blastinvest.com
Please specify your paypal donation preference on msg of paypal donation for CHTA or NENG
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July 21, 2021, 08:36:46 PM
 #767

Donation for SouthXchange Listing Goal is Met and Complete

Joint Community Donation of Nengcoin and Cheetahcoin for SouthXchange exchange listing goal of 0.25 BTC is met and complete. Thank you community for all the support and kind donations over past 2 months. We now are moving toward next step of actual execution on payment for listing of Nengcoin and Cheetahcoin, wrapped Nengcoin (WNENG) and wrapped Cheetahcoin (WCHTA) at Southxchange Exchange!
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July 25, 2021, 05:55:37 AM
 #768

Community Voting on Details of Southxchange Listing

We have two community voting happening at discord to decide details of southxchange listings,  which pairs to list is best? should we delist from shorelinecrypto exchange?

There are cons and pros of each directions to take. Please join discord to participate in voting:

https://discord.gg/UPeBwgs
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July 25, 2021, 04:29:20 PM
 #769

stay at  shorelinecrypto exchange  Wink
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July 25, 2021, 05:34:21 PM
 #770

SouthXchange Live Trading on NENG/BTC pair

Nengcoin (NENG) is listed at SouthXchange on BTC pair at:

https://main.southxchange.com/Market/Book/NENG/BTC


SouthXchange exchange also offers free extra pairs like LTC or DOGE pairs.  Our discord has two community voting ongoing on issues related to SouthXchange trading pair details, and whether we should delist from ShorelineCrypto exchange.  Please join discord for voting on this community efforts.
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July 25, 2021, 05:49:31 PM
 #771

Nengcoin Job Board Forum

@RedRaiders10 『🥉』 — Today at 9:39 AM
@Cubs

Hello Fellow NENGsters!!

One of our community member Post:

 @Dr_Robot『🥈🥉』 -

“I have made a forum for the job listing idea I had previously. Until I get a .com domain and decent hosting setup it will be at https://forum.drrobot.tk/ it is using cloudflare so no ones IP makes it to the host which is good for security purposes.”


Thank you for your time and as Always Happy mining!
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July 26, 2021, 05:26:07 AM
Last edit: July 27, 2021, 04:04:37 PM by honglu69
 #772

WNENG Dev Updates and Thoughts

@Sefia Sefia posted two youtube guide on how to create BSC token  (or BEP20 token). There are other youtube guide too. The method of steps are quite similar,  setup Metamask  wallet,  connect to BSC.    copy and paste smart contract,  a software code of  Solidity  like this:
https://github.com/jklepatch/eattheblocks/blob/master/screencast/308-create-bep20-token-bsc/Token.sol

or this:
https://github.com/CEO-Token/token/blob/main/token.sol

create token, mint, done  a token created in a few minutes for a USD dollars of BNB cost.  The key question I believe that we need for WNENG or WCHTA on BSC as BEP20 token is that, we want a fixed supply.  Just toss out some idea,  500 million NENG  as total and maximum supply for WNENG using pre-mine as 1:1 as back up.  We want this supply fixed, capped, no more.  There are two ways of doing this
(1) disable minting  capability in the smart contract.   No new minting, therefore no more supply after the initial mint of 500 million NENG.
(2) or set a maximum cap in the smart contract source code so that more minting is OK, but no more than this supply.

I think other options are fine for our WNENG or WCHTA wrapped coin need. But cap is key requirement.

Need for a Supply Cap for Wrapped Coin

"cap" is something we must have on our WNENG or WCHTA.  I do not believe the code on two github link has a "cap".  They allow the owner to mint more tokens down the road later. I do not believe we want a token wrapped coin with such control by the creator or owner.

This is also a security risk too.  What if the owner lost the key, and some hacker created unlimited supply on minting more tokens? no good.  I think "cap" is only thing that is in need. Others are no big deal.  burn it, sure, yes or no.

Possible Solutions

Trust Wallet has this "Token Create"
ound a new way of creating BEP20 token for our need, really easy, with option of "disable mint",  this looks like a free API:
 How to Create Your Own BEP20 Token on Binance Smart Chain Today
https://trustwallet.com/blog/how-to-create-your-own-bep20

It calls "Token Create".  Looks like a free method, allows wallet connection to Metamask


another method I found to do a "cap",  inserting two lines of code in solidity contract code, by this link:
https://forum.openzeppelin.com/t/how-to-create-a-capped-bep20-token/7754/2

Code:
require(totSupply < 10000000, 'Maximum supply Reached');
   mintFunction(..);
Actually just one line of code,  saying that total supply must be smaller than this number.  In our case, I can  insert of one line code, say that total supply must be smaller than 501 million for WNENG.  that solves the cap issue.

This of course needs to be tested.  Say I want to mint 600 million WNENG, it should fail, because this code say no more than 501 million supply.  This could be really easy one line fix.  Everything else on the one of github source code is fine.  We just need a cap on the supply no matter who is the owner of the contract.

More on discord  "dev-chat" channel:
Quote
Sefia — Yesterday at 1:10 AM
Just focus on the generated smart contracts
that is the most important
creating token is super easy
Smart contract is the crucial one
honglu69 — Yesterday at 4:04 PM
yes, creating token is truly easy, no big deal. The key is the smart contract source code, mainly the issue of "cap" on supply.   I have found multiple web sites and services available for doing a service on fee payment for a "cap",  mostly half BNB to 1 BNB fee. That sounds too much.  A cap,  could be just one line of code.  We could figure it out  ourselves without paying any real dollars there for this.
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July 27, 2021, 08:50:13 AM
 #773

i think you need more than 600 m WNENG

6B i think at least
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July 27, 2021, 03:56:34 PM
 #774

WNENG Supply Issue

More discussion in Discord "dev-chat" channel on the issue of coming Wrapped Nengcoin (WNENG) total supply and maximum supply cap issue

Quote
will777 — Yesterday at 12:53 PM
I agree on the cap of the token, but unsure of the amount. I do agree what is minted should always be backed 1:1, but how is the total possible cap quantity ascertained?

honglu69 — Yesterday at 1:11 PM
I mainly look into WBTC,  which has 1% (actually less than 1%)
https://coinmarketcap.com/currencies/wrapped-bitcoin/

WBTC can do 1% of BTC as its supply. WNENG can do 1% of NENG supply too at 500 million WNENG at cap.  This falls into pre-mine balance so that we have already, no need to do anything. Just use pre-mine for 1:1 backing.


Premine current balance: 740 million NENG

We could use 740 million NENG to issue 740 million WNENG, capped at 741 million WNENG. no need to do donation. More than this, a donation is needed. We do not have more than this on public treasury fund.
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July 27, 2021, 06:37:34 PM
 #775

stay at  shorelinecrypto exchange  Wink

Come to discord and vote against the delisting from ShorelineCrypto.  Just took look at current votes there, it is 50:50  for/against SLC delisting.  Delisting from shorelinecrypto is real possibility if enough votes from community want that.
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August 02, 2021, 03:12:16 AM
 #776

WrappedNengcoin (WNENG) Launch Proposal
Lim Jun Yih, Hong Lu - Developer Team of WrappedNengcoin & WrappedCheetahcoin

* Proposal to Launch WrappedNengcoin (WNENG) at SouthXchange
* Why Do We Need this Wrapped Token?
* The reason we chose BSC over ETH for WNENG Launch
* Benefit of WNENG to NENG Eco-system
* Risk of WrappedNengcoin and Defi
* Disclosure of Process of Development of WrappedNengcoin
* Why is 740 million WNENG total Supply and Maximum Total Supply?

Full Text:
https://github.com/ShorelineCrypto/WrappedNengcoin/releases/download/WNENG_launch/WNENG_launch_proposal.pdf
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August 07, 2021, 06:09:40 PM
 #777

WrappedNengcoin (WNENG) Launched - WNENG/NENG Swapping at southXchange

WrappedNengcoin (WNENG) is Binance Smart Chain (BSC) token  (BEP20 token) with 1:1 pegged with Nengcoin (NENG) at SouthXchange for swapping.

With release of WNENG on BSC, a lot of defi and yield earning opportunities open up for fans of Nengcoin communities.  

  • Name: WrappedNengcoin
  • Symbol: WNENG
  • 1:1 backing with Nengcoin (NENG). Custodian is southXchange
  • Total token supply: 740 million WNENG
  • Maximum token supply: 740 million WNENG


BSC Token Contract
BSC contract address: 0xaD2c0B5ee5424C6b6f9C06E4fEF3FD7CD9FF0264

In metamask,  Add Token with this contract address, the token holdings you own should show up.

Github

WNENG contract source code is verified on BscScan.  An exact copy is at:
https://github.com/ShorelineCrypto/WrappedNengcoin

Exchange

SouthXchange
https://main.southxchange.com/Market/Book/WNENG/NENG

Pancakeswap
https://pancakeswap.finance/

A liquidity pool of WNENG/BNB is setup, in general swapping of WNENG with BNB or any other supported token can be done in pancakeswap.

Yield Earning

A liquidity pool (LP) is setup already for earning yield on WNENG and for facilitating pancakeswap trading on WNENG/BNB pair.

Pancakeswap
https://pancakeswap.finance/

If you want to join liquidity for earning yield, you will need to add both BNB and WNENG together into the pancakeswap liquidity pool.   To find WNENG in Pancakeswap and in Metamask, make sure copy and paste the contract address into either of them if necessary to find the  LP and token.


Block Explorer

BSC scan
https://bscscan.com/address/0xaD2c0B5ee5424C6b6f9C06E4fEF3FD7CD9FF0264

WNENG/BNB PancakeSwap Price Chart

poocoin.app
https://poocoin.app/tokens/0xad2c0b5ee5424c6b6f9c06e4fef3fd7cd9ff0264
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August 07, 2021, 07:05:09 PM
 #778


WNENG/NENG Swapping at SouthXchange - Proof of Reserve
WrappedNengcoin (WNENG) Proof of Reserve

WNENG/NENG can be swapped with each other at SouthXchange with SouthXchange as custodian.

Math at SouthXchange custodian wallet on 1:1 backing

Total WNENG issued: 740 million WNENG.

Pre-launch WNENG used for pancakeswap liquidity pool: 55.763473 million WNENG
Extra NENG deposit into custodian wallet for the pre-launch usage: 55.763473 million NENG
Pre-launch WNENG used for southXchange testing purpose: 10,000 WNENG

Custodian Wallet Total balance at launch:
684.226527 million WNENG
795.763473 million NENG



Initial launch proof of reserve on 1:1 peg screen shot.

https://www.reddit.com/r/nengcoin/comments/ozz65d/wnengneng_swapping_at_southxchange_proof_of/
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August 12, 2021, 05:17:56 PM
 #779

NENG Blockchain Reset, boom for USB/GPU solo miners

NENG blockchain just reset to a low difficulty number hour ago.  another boom for solo USB/GPU miners
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August 14, 2021, 03:15:42 AM
 #780

WNENG/BNB Price Chart and Quote at Pancakeswap
This web site below chart the WNENG/BNB price chart, it's USD based price is quite accurate in my belief on the pancakeswap for the pair: https://poocoin.app/tokens/0xad2c0b5ee5424c6b6f9c06e4fef3fd7cd9ff0264
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