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Author Topic: [ANN] [SPX10] - SphinxCoin - A True "Crypto-Basket Coin" using [Ethash] [PoA]  (Read 526 times)
SphinxCoin (OP)
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October 17, 2018, 02:38:31 PM
Last edit: February 05, 2019, 05:13:12 PM by SphinxCoin
 #1


SphinxCoin SPX10 project is currently on hold!

Right now I'm working on something else, and will announce it within this week. At least it's alpha release!!!





SphinxCoin (SPX10)
A True Crypto-Basket Coin

https://www.sphinxcoin.net/images/sphinxcoin-logo-0003.png


SphinxCoin (SPX10) is a new form of coin that represents a basket of coins within it.

We would like to call it a "Crypto-Basket Coin" or CBC.

Our Website

Every SPX10 equals 10 coins from 10 different crypto-currencies.

https://www.sphinxcoin.net/images/logo-cryptos.png


SPX10 is based on Ethash and uses Proof-of-Authority (PoA) type of work.

SPX10 has very limited supply of 300,000 SPX10 coins.

SPX10 has 0 transfer fees between wallets.


Our Platform is designed to enable you to View, Buy, and Refund SPX10.

https://www.sphinxcoin.net/images/sphinxcoin-platform.png


Right now we are only supplying Geth based wallet which can be setup from our github page.
Our wiki has detailed steps on how-to setup your SPX10 node.

We plan on releasing our Desktop & Mobile wallets by end November 2018.


SPX10 network has been running since early October 2018 -  our network stats.

SPX10 committed only 1 transaction on our mainnet - our block explorer.

We hope that you read our whitepaper which explains in details the idea of SPX10.

SPX10 Discord channel could be found here.


Our Roadmap

  • 2018 Q4: October - Launch SphinxCoin & Platform
  • 2018 Q4: November - Launch Desktop & Mobile wallets - beta wallet
  • 2018 Q4: December - Get listed on an exchange Single-Coin Payment
  • 2019 Q1: March - Register SphinxCoin as a Legal Entity
  • 2019 Q2: April - Introduce our next product


SPX10 is NOT A TOKEN and DOES NOT HAVE MINING and is NOT AN ICO
but rather a coin that runs on proof of authority algorithm and represents a basket of coins within it.
Every SPX10 coin issued will hold 10 coins from 10 crypto-currencies in safe storage.
Our platform is a transparent view of all our wallets and the status of the funds within them.
Our whitepaper explains in length the concept of SPX10.




Update 1

Uploaded our beta wallet to github.

This is still at a very early beta stage, but it will allow users to create and use not only SPX10 , but also will create wallets for all the SPX10 underlying symbols.

We will also be doing some changes to our roadmap, specifically to the "getting listed" part, as it seems to us right now that this is not (or might not) the right action for SPX10, as it is not intended to act as like normal crypto currencies or tokens. We will be focusing on the "Single-Coin Payment" solution, as this is the most important update needed now for SPX10.

We will update the whitepaper as soon as we have finished the "Single-Coin Payment" as it should bring some very nice changes to SPX10 Smiley





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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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SphinxCoin (OP)
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October 17, 2018, 02:44:57 PM
 #2

[reserved]
bitekoin
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October 17, 2018, 02:47:24 PM
 #3


What 10 coins are chosen?
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October 17, 2018, 02:48:28 PM
 #4

Discord ?
SphinxCoin (OP)
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October 17, 2018, 02:51:14 PM
 #5


What 10 coins are chosen?

Akroma, Atheios, DubaiCoin, Ethereum Classic, Ether-1, Expanse, Nekonium, Pirl, Ubiq, and Victorium

Discord ?

Yes here
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October 17, 2018, 02:54:44 PM
 #6


What 10 coins are chosen?

Akroma, Atheios, DubaiCoin, Ethereum Classic, Ether-1, Expanse, Nekonium, Pirl, Ubiq, and Victorium

Discord ?

Yes here


Link invalid
SphinxCoin (OP)
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October 17, 2018, 02:57:16 PM
 #7


What 10 coins are chosen?

Akroma, Atheios, DubaiCoin, Ethereum Classic, Ether-1, Expanse, Nekonium, Pirl, Ubiq, and Victorium

Discord ?

Yes here


Link invalid

For some reason I set it to permanent but it changes ... must be doing something wrong there!!!

Here you go: Discord
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October 17, 2018, 04:22:40 PM
 #8


SphinxCoin (SPX10)
A True Crypto-Basket Coin




SphinxCoin (SPX10) is a new form of coin that represents a basket of coins within it.

We would like to call it a "Crypto-Basket Coin" or CBC.

Our Website

Every SPX10 equals 10 coins from 10 different crypto-currencies.




SPX10 is based on Ethash and uses Proof-of-Authority (PoA) type of work.

SPX10 has very limited supply of 300,000 SPX10 coins.

SPX10 has 0 transfer fees between wallets.


Our Platform is designed to enable you to View, Buy, and Refund SPX10.




Right now we are only supplying Geth based wallet which can be setup from our github page.
Our wiki has detailed steps on how-to setup your SPX10 node.

We plan on releasing our Desktop & Mobile wallets by end November 2018.


SPX10 network has been running since early October 2018 -  our network stats.

SPX10 committed only 1 transaction on our mainnet - our block explorer.

We hope that you read our whitepaper which explains in details the idea of SPX10.

SPX10 Discord channel could be found here.





SPX10 is NOT A TOKEN and DOES NOT HAVE MINING and is NOT AN ICO
but rather a coin that runs on proof of authority algorithm and represents a basket of coins within it.
Every SPX10 coin issued will hold 10 coins from 10 crypto-currencies in safe storage.
Our platform is a transparent view of all our wallets and the status of the funds within them.
Our whitepaper explains in length the concept of SPX10.



quote for images
SphinxCoin (OP)
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October 17, 2018, 04:25:48 PM
 #9

quote for images

Thank you Smiley .... My original account my hacked some time ago (my original account was from 2016!!!) and now I have to start all over again to get points here !!!
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October 17, 2018, 06:18:48 PM
 #10

Altmarkets is a rapidly growing exchange with now over 5,500 registered members and over 80 coins listed for trading, we run competitions, promotions and airdrops on a weekly basis!

Request a listing via our add coin page, https://altmarkets.cc/add_coin.

(OPTIONAL) Join us on Discord to speak directly to us about your listing request : https://discord.gg/ZhQzy5f

Our Fees - https://altmarkets.cc/fees
Listing Policy: https://altmarkets.cc/add_coin
SphinxCoin (OP)
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October 17, 2018, 06:58:27 PM
 #11

Altmarkets is a rapidly growing exchange with now over 5,500 registered members and over 80 coins listed for trading, we run competitions, promotions and airdrops on a weekly basis!


Thank you but you seem not accept ethereum based forks?
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October 17, 2018, 11:27:51 PM
 #12

This still minable? If so, I'll add to my pool

CTO, SysAdmin, CryptoJunkie, Pool Op, CommunityLeader, PR Mgr, Connoisseur of Fine Cheeses.
SphinxCoin (OP)
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October 18, 2018, 12:27:51 AM
 #13

This still minable? If so, I'll add to my pool

Unfortunately no its not ... it uses proof of authority algo and the blocks generated don't produce any new coins!! But thank you ... much appreciated Smiley)
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October 18, 2018, 02:44:11 PM
 #14

Altmarkets is a rapidly growing exchange with now over 5,500 registered members and over 80 coins listed for trading, we run competitions, promotions and airdrops on a weekly basis!

Request a listing via our add coin page, https://altmarkets.cc/add_coin.

(OPTIONAL) Join us on Discord to speak directly to us about your listing request : https://discord.gg/ZhQzy5f

Our Fees - https://altmarkets.cc/fees
Listing Policy: https://altmarkets.cc/add_coin
SphinxCoin (OP)
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October 18, 2018, 02:53:39 PM
 #15

Altmarkets is a rapidly growing exchange with now over 5,500 registered members and over 80 coins listed for trading, we run competitions, promotions and airdrops on a weekly basis!

Request a listing via our add coin page, https://altmarkets.cc/add_coin.

(OPTIONAL) Join us on Discord to speak directly to us about your listing request : https://discord.gg/ZhQzy5f

Our Fees - https://altmarkets.cc/fees
Listing Policy: https://altmarkets.cc/add_coin

Altmarkets is a rapidly growing exchange with now over 5,500 registered members and over 80 coins listed for trading, we run competitions, promotions and airdrops on a weekly basis!

Request a listing via our add coin page, https://altmarkets.cc/add_coin.

(OPTIONAL) Join us on Discord to speak directly to us about your listing request : https://discord.gg/ZhQzy5f

Our Fees - https://altmarkets.cc/fees
Listing Policy: https://altmarkets.cc/add_coin

You don't carry ethereum coins!
john1010
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October 18, 2018, 03:06:24 PM
 #16

If it is not a minable coin or ICO nor offer a Masternode, How can I get this coin? How can I involve and get some of this..
SphinxCoin (OP)
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October 18, 2018, 05:27:18 PM
 #17

If it is not a minable coin or ICO nor offer a Masternode, How can I get this coin? How can I involve and get some of this..

Right now you can use our platform to buy SPX10 by:
  • go to the Buy section
  • enter your SPX10 wallet address
  • enter the amount of SPX10 you wish to buy
  • you will be given the amounts that you need to transfer from each coin
  • you have to make the transfers from each coin and keep the transaction id for each
  • add the transaction id's to the form
  • mark the check acknowledgment box
  • click buy

once the buy order is submitted, we (automated process) starts listening to see if the transactions are all send correctly,
and when this check reaches that all 10 transfers are completed, your SPX10 coins are sent to your wallet.
Each SPX10 = 10 of each of the coins inside it, and we take a 1% fee on the amount you buy.
So if you want to buy 1 SPX10 you will have to transfer 10.1 AKA + 10.1 ATH + 10.1 DBIX ... etc.

We know that at this stage the process of buying is a bit difficult and time consuming, and we are working on a process where users will be able to buy through a "Single-Coin" payment, that is you can pay in ETC for example the price of SPX10 and we will then go and break what is paid to obtain the needed other 9 coins.

Our promise is that for every SPX10 circulating in the market we will safe keep a reserve of the equivalent 10 coins of each symbol in the basket.

Our plan is to get SPX10 listed by end this quarter, and then you will be able to directly buy SPX10 off that exchange, but for now we can only offer this "Multi-Coin" payment method.

We know our whitepaper is a bit long (like our buy process now Smiley ) but we have put in the whitepaper all details about SPX10 ... if you have some time to spare, give it a few minutes.

In all cases we appreciate your interest Smiley


Note: .... and this is something that we noticed after we started working on SPX10 ... we noticed that since SPX10's value is actually the sum value of all 10 coins inside of it, so its movement is not directly effected like when keeping your funds in one coin. for example we see at some times 7 or 8 coins in our basket in the red (their 24 hour change) and still SPX10's value is still in the green!! Of course each coin has its own weight within the basket, and ETC has the highest effect on the value of SPX10, but ETC is not that volatile compared to the other coins in the basket ... keep an eye on our platform and the price changes of SPX10 and the basket coins and you will see what we mean ... point is SPX10 is less volatile being constituted of 10 different coins, than just one coin on its own!
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October 20, 2018, 09:10:03 AM
 #18

I like the ideea of the project. I featured you in our latest video : https://youtu.be/NvGZrzBDZ2A
SphinxCoin (OP)
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October 20, 2018, 12:13:29 PM
 #19

I like the ideea of the project. I featured you in our latest video : https://youtu.be/NvGZrzBDZ2A

Wow Smiley))) Thank you so much for the nice review Smiley))

We actually don't have a google account yet, but we are making one today because of you Smiley))

btw, would you mind if we added this video to our website? Smiley)
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November 23, 2018, 02:31:51 AM
 #20

Uploaded our beta wallet to github.

This is still at a very early beta stage, but it will allow users to create and use not only SPX10 , but also will create wallets for all the SPX10 underlying symbols.
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