[ANN][AC]AsiaCoin - Relaunch

[CryptoSteam]

This faucet allows you to refer others to get even more AsiaCoin:

http://huntbitco.in/Asiacoin/?r=AXDKZQypMP9ZNZDNZZ41TBjD1soktbj4Gx

[takkaros]

Greek translation can be found here : https://bitcointalk.org/index.php?topic=574683.msg6266634#msg6266634
AdG1vWhs1LX42Mnu4Lpy8LiRyAiKARSSLj
Thank you!

[usao]

How to enable POS in wallet ?...

how

Just unlock your wallet.
But the POS will start after 20000 blocks.

The unlock menu item is greyed-out, does that mean it's already unlocked?
Is unlocking the same as having an un-encrypted wallet? I never encrypted mine in the first place.
That's because I normally don't keep much coin on-hand, but now that I think about this, the POS will require me to keep the coin there.
Maybe I should look at a way to do the paper backup, just in case it's stolen?

[CryptoSteam]

How to enable POS in wallet ?...

how

Just unlock your wallet.
But the POS will start after 20000 blocks.

The unlock menu item is greyed-out, does that mean it's already unlocked?
Is unlocking the same as having an un-encrypted wallet? I never encrypted mine in the first place.
That's because I normally don't keep much coin on-hand, but now that I think about this, the POS will require me to keep the coin there.
Maybe I should look at a way to do the paper backup, just in case it's stolen?

It is already unlocked. You want to keep the wallet open so you can get your stake. You want to get your first year stake because you will get double of what you have now by the end of the first year.

Once the first year passes, it goes down to 2% stake.

[usao]

It is already unlocked. You want to keep the wallet open so you can get your stake. You want to get your first year stake because you will get double of what you have now by the end of the first year.

Once the first year passes, it goes down to 2% stake.

I suppose a lot of folks will keep the first year to get that 100% interest, but right after than, im assuming they will dump quickly.
Do you know if the first-year interest is based on when the coin was received or based on the launch date?
In other words, is it a fixed point in time or variable based on when you mined (or bought) the coin?

[RavenX]

in website wallet windows archived password?

Yep, needs to be fixed.
The MEGA one has no password.

[RavenX]

Doubt:
I need to keep my wallet opened (and unlocked) just while mining or ever?

[Nagath]

Claiming Bounty for italian translation
https://bitcointalk.org/index.php?topic=574704.0

Feel free to tip some AC 
AHsZQGKZdjMcGpYhHALEwXo2xBusaD36SP

[Stinky_Pete]

Giveaway on the website is saying "Giveaway starts after launch". That's now isn't it?

[usao]

Giveaway on the website is saying "Giveaway starts after launch". That's now isn't it?

Technically speaking, even 100 years from now is "after launch".
Doesn't mean immediately after launch.
I have no idea, but I heard someone mention after 2000 blocks have been mined.

[CryptoSteam]

It is already unlocked. You want to keep the wallet open so you can get your stake. You want to get your first year stake because you will get double of what you have now by the end of the first year.

Once the first year passes, it goes down to 2% stake.

I suppose a lot of folks will keep the first year to get that 100% interest, but right after than, im assuming they will dump quickly.
Do you know if the first-year interest is based on when the coin was received or based on the launch date?
In other words, is it a fixed point in time or variable based on when you mined (or bought) the coin?

Minimium stake age is 2 weeks. 100% will not appear all at once. Something like 100%/26 (52 weeks/2weeks). Roughly about 3.85% every two weeks. That's if you keep your wallet open all the time.

So, there will not be massive dumps all at once. People will sell there and there in small amounts.

[usao]

It is already unlocked. You want to keep the wallet open so you can get your stake. You want to get your first year stake because you will get double of what you have now by the end of the first year.

Once the first year passes, it goes down to 2% stake.

I suppose a lot of folks will keep the first year to get that 100% interest, but right after than, im assuming they will dump quickly.
Do you know if the first-year interest is based on when the coin was received or based on the launch date?
In other words, is it a fixed point in time or variable based on when you mined (or bought) the coin?

Minimium stake age is 2 weeks. 100% will not appear all at once. Something like 100%/26 (52 weeks/2weeks). Roughly about 3.85% every two weeks. That's if you keep your wallet open all the time.

So, there will not be massive dumps all at once. People will sell there and there in small amounts.

Cool, sounds like a good way to do it.

[techbytes]

when the giveaway start?

Boy if I get 1 AC everytime I hear this question, I wouldn't have to mine anymore...  


-tb-

[DontPanic_42]

I suppose a lot of folks will keep the first year to get that 100% interest, but right after than, im assuming they will dump quickly.
Do you know if the first-year interest is based on when the coin was received or based on the launch date?
In other words, is it a fixed point in time or variable based on when you mined (or bought) the coin?

Exactly,we set the first year interest to 71.5% due to the compounded interest.

71.5% / 52 weeks / 2 = 2.75%
1.0271^26=2.0245457...

You will receive 2.75% every 2 weeks.
And no max coin age does mean you can let your coins sit in your unlocked wallet to get 2.75% every 2 weeks.
Other POS coins you have to move to reset the coin age. Or am I wrong with that?

[leigh2k14]

Just to let other traders know that you should wait till more miners dump and let the price fall, as you don't want to be a bag holder now do you?

700 sat is way too much at the mo.

[Werg]

What's the password of Asiacoin-Windows-Qt.zip ?

[Delfin]

Real solid launch. Well done AsiaCoin.  Good luck the rest of the way ^^

Great start. Well done!

[CryptoSteam]

Just to let other traders know that you should wait till more miners dump and let the price fall, as you don't want to be a bag holder now do you?

700 sat is way too much at the mo.

700 sat is cheap. Look at BlackCoin. Currently at 37,000 sats with roughly 75 million coins. AsiaCoin will have about  300 million coins by the end of the first year.

300 mill/75 mill = 4x

37,000 sats / 4 = 9250 Sats. That's how much AsiaCoin should be worth right now.

[CryptoSteam]

I suppose a lot of folks will keep the first year to get that 100% interest, but right after than, im assuming they will dump quickly.
Do you know if the first-year interest is based on when the coin was received or based on the launch date?
In other words, is it a fixed point in time or variable based on when you mined (or bought) the coin?

Exactly,we set the first year interest to 71.5% due to the compounded interest.

71.5% / 52 weeks / 2 = 2.75%
1.0271^26=2.0245457...

You will receive 2.75% every 2 weeks.
And no max coin age does mean you can let your coins sit in your unlocked wallet to get 2.75% every 2 weeks.
Other POS coins you have to move to reset the coin age. Or am I wrong with that?

Most likely it will reset the coin age if you move it, but not 100% sure.

[usao]

What's the password of Asiacoin-Windows-Qt.zip ?

At the top of the OP.