[ANN] Prometheus59 - a decentralized global blockchain-based supercomputer

[Kenyon59]

Price stability for a few days makes me a little less worried about the possible price action. However, don't you think rewards are maybe too high, as presumable coin holders want to extract fast profits from thier masternodes?

Rewards are not too high. From block 72001, block rewards will start reducing, from 2 P59 coins to 0.59 coins at block 177212 and further. Block rewards will eventually become lower, which will reduce supply.

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[FuryBeast]

Price stability for a few days makes me a little less worried about the possible price action. However, don't you think rewards are maybe too high, as presumable coin holders want to extract fast profits from thier masternodes?

Rewards are not too high. From block 72001, block rewards will start reducing, from 2 P59 coins to 0.59 coins at block 177212 and further. Block rewards will eventually become lower, which will reduce supply.

Yes rewards will become lower with time, but you could accelerate it by blockchain update, so less coin will appear on exchange and price goes higher.

[Kenyon59]

Price stability for a few days makes me a little less worried about the possible price action. However, don't you think rewards are maybe too high, as presumable coin holders want to extract fast profits from thier masternodes?

Rewards are not too high. From block 72001, block rewards will start reducing, from 2 P59 coins to 0.59 coins at block 177212 and further. Block rewards will eventually become lower, which will reduce supply.

Yes rewards will become lower with time, but you could accelerate it by blockchain update, so less coin will appear on exchange and price goes higher.

Updating would be a bad idea for several reasons:

1) updates disturb users, as not everyone is prepared and technically aware of all nuances and actions that an update may require;
2) P59 chain is already at block 58770, so not too much time left until rewards start to decrease;
3) as more masternodes go live, rewards also reduce (due to the reward time reduction).

Anyway I'm glad to receive your feedback.

[Disaster435]

Consider buy wall bounty for CryptoBridge. That may help to reduce spread and built extra confidence.

[Kenyon59]

Consider buy wall bounty for CryptoBridge. That may help to reduce spread and built extra confidence.

Thank you for your suggestion.

[diakas]

Now, while the price is affordable, you can buy yourself a node, and preferably several, when the price rises then they will be very expensive to buy. But usually people are subject to the opinion of the crowd and lose where you need to buy and get where it's time to sell...

At purchase it is more favorable to put a wall on purchase than to buy at higher price...

[pinoycash]

Now, while the price is affordable, you can buy yourself a node, and preferably several, when the price rises then they will be very expensive to buy. But usually people are subject to the opinion of the crowd and lose where you need to buy and get where it's time to sell...

At purchase it is more favorable to put a wall on purchase than to buy at higher price...

There are no reason for the price to rise, there's need to be an active development and real use case to create a market and demand for the coin.

For now its purely speculative coin and majority are still selling their masternode rewards.

[TopMasterPro]

Now, while the price is affordable, you can buy yourself a node, and preferably several, when the price rises then they will be very expensive to buy. But usually people are subject to the opinion of the crowd and lose where you need to buy and get where it's time to sell...

At purchase it is more favorable to put a wall on purchase than to buy at higher price...

There are no reason for the price to rise, there's need to be an active development and real use case to create a market and demand for the coin.

For now its purely speculative coin and majority are still selling their masternode rewards.

We cannot expect significant growth while waiting for developing the product. The road map is available for everyone and investors should understand, that now it's time to support the team and hold.

[Kenyon59]

Thank you for your support! Actually, you can expect growth as a result of successful marketing:).

[diakas]

Thank you for your support! Actually, you can expect growth as a result of successful marketing:).

And it will be very soon

[johnny66]

Now, while the price is affordable, you can buy yourself a node, and preferably several, when the price rises then they will be very expensive to buy. But usually people are subject to the opinion of the crowd and lose where you need to buy and get where it's time to sell...

At purchase it is more favorable to put a wall on purchase than to buy at higher price...

There are no reason for the price to rise, there's need to be an active development and real use case to create a market and demand for the coin.

For now its purely speculative coin and majority are still selling their masternode rewards.

It's listed on which exchanges please? It's on Coinmarketcap or not?

[snoopy2007]

DO YOU REMEMBER OLD KREITA SCAM COIN. THEY ARE BACK IN BUSINESS, AND THEY WONT STOP TO STEAL YOUR MONEY. THEY CREATE SOO MANY SCAM COINS.  THEY DESERVE BE IN JAIL FOREVER !!!

[Leila-P59]

Now, while the price is affordable, you can buy yourself a node, and preferably several, when the price rises then they will be very expensive to buy. But usually people are subject to the opinion of the crowd and lose where you need to buy and get where it's time to sell...

At purchase it is more favorable to put a wall on purchase than to buy at higher price...

There are no reason for the price to rise, there's need to be an active development and real use case to create a market and demand for the coin.

For now its purely speculative coin and majority are still selling their masternode rewards.

It's listed on which exchanges please? It's on Coinmarketcap or not?

P59 is listed on CryptoBridge and as soon as we will fulfill all the conditions, it will be on CMC.
https://wallet.crypto-bridge.org/market/BRIDGE.P59_BRIDGE.BTC

[MotionEmotion]

It can be supposed, that some bounties or airdrops will not be extras, as actually there was not a lot campaigns since the beginning. May be some video or chat bounty.

[Kenyon59]

The Policy of Full Transparency: Team Wallets to Fund Development, Marketing, and Personnel

Transparency of business is an incredibly important and powerful criterion that confirms its maturity and reliability, as well as determines the level of trust in it. Following the policy of maximum transparency, the team provides 3 wallet addresses where all team coins are stored and which will later be used to fund the development, marketing, and personnel.

1)  Development wallet: Pe5fH1fpvGksHSZMrkpCGQ271UFUUABKgT – 40% of all team's funds.
2)  Marketing wallet: PcnV21Ltt7EJdTDvaT1zbbnxC18GWsDdyS – 50% of all team's funds.
3)  Personnel wallet: PfMoziF1DTaBgT19yN873RT75XbfhrDHwm - 10% of all team's funds (these funds will be used to remunerate the team up to block 177121)

Each transfer or sale of coins from these wallets will be accompanied with reporting in our P59 special discord channels: https://discordapp.com/invite/Ac8cHV5
This will allow you to see how funds are spent and make suggestions if you have something.

Reporting on the Use of Funds from the Team Wallets

Each transfer or sale of coins from the team wallets will be accompanied by an announcement in the appropriate channel in the P59 discord: #development-wallet, #marketing-wallet, #personnel-wallet. The announcement will include:

1) Transfer or sale purpose.
2) Amount of transferred or sold funds.
3) Date.

Detailed reporting will increase the level of trust and attract new audiences.

Stay tuned for more news!  A plan for using funds in Q2 2019 will be published within 48 hours.

[WhiskeyGinger]

Can the instructions of using ipv6 for setting up the P59 masternode can be provided, as I know there are some special details has to be changed to use ipv6 instead ipv4, isn't it?

[FuryBeast]

The Policy of Full Transparency: Team Wallets to Fund Development, Marketing, and Personnel

Transparency of business is an incredibly important and powerful criterion that confirms its maturity and reliability, as well as determines the level of trust in it. Following the policy of maximum transparency, the team provides 3 wallet addresses where all team coins are stored and which will later be used to fund the development, marketing, and personnel.

1)  Development wallet: Pe5fH1fpvGksHSZMrkpCGQ271UFUUABKgT – 40% of all team's funds.
2)  Marketing wallet: PcnV21Ltt7EJdTDvaT1zbbnxC18GWsDdyS – 50% of all team's funds.
3)  Personnel wallet: PfMoziF1DTaBgT19yN873RT75XbfhrDHwm - 10% of all team's funds (these funds will be used to remunerate the team up to block 177121)

Each transfer or sale of coins from these wallets will be accompanied with reporting in our P59 special discord channels: https://discordapp.com/invite/Ac8cHV5
This will allow you to see how funds are spent and make suggestions if you have something.

Reporting on the Use of Funds from the Team Wallets

Each transfer or sale of coins from the team wallets will be accompanied by an announcement in the appropriate channel in the P59 discord: #development-wallet, #marketing-wallet, #personnel-wallet. The announcement will include:

1) Transfer or sale purpose.
2) Amount of transferred or sold funds.
3) Date.

Detailed reporting will increase the level of trust and attract new audiences.

Stay tuned for more news!  A plan for using funds in Q2 2019 will be published within 48 hours.

That is very good. Transparency will bring more confidence, especially aligned with a good price. I wish the price were higher, but it is what it is. Keep going from this point! There's plenty of cheap coins to buy for interested people, so investing opportunities is open anyway for those interested.

[SirLion]

The transparency is the rightest way to get the community respect. The last announcement is a significant step ahead and appreciated by the investors a lot!

[Kenyon59]

The transparency is the rightest way to get the community respect. The last announcement is a significant step ahead and appreciated by the investors a lot!

Thank you for your support! Stay tuned for more news: a plan for using funds in Q2 2019 will be published soon.

[snoopy2007]

many of the accounts who reply on this thread are scammers, most of them are used just by one person. SCAMMER COIN !!!