[ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"

[dooglus]

So I woke up this morning to find a coyote in my yard and 750 CLAM in my poloniex balance.



My long-standing buy order at 0.00515151 BTC/CLAM had been dumped into. I wasn't expecting that, since the price had been in the high 0.006's and holding pretty steady.

So where did the dump come from? I updated my "digging" chart, and didn't see any real increase in digging activity:



So I scanned the blockchain for recent big coin movements, and found these (txid, output size):

c17738bbcf61972e9020076422eff149e57f434ba13609e75d01180b8ad11cbe            "value" : 1271.00000000,
19200db88205d43eb438ebbc88e25594a81ac286376d41f0d993583b4b441b08            "value" : 1484.00000000,
c0ea57c7cd305ea769b1e339133092c4dbd74d4407f60291699ee9ddd4219d80            "value" : 1458.00000000,
a800bf8613ec7a10717d48964a1e334c5710f0baf2066c6150c5172284b4a68d            "value" : 1600.00000000,
1e03c7d06057dc795e8401ecb6a3f472d545810196a2fb36a25e1bc34e43f4cb            "value" : 1447.00000000,
87e56e1553fa425c56fde5773c328961add43e2bc957a584853ad66dc6a48f88            "value" : 1421.00000000,
1a72b97ceb3708ef3b40e76f93a8a9cad378d1e9c9d01c8a8fbc06c0a13279aa            "value" : 1444.00000000,
2a60dcf29d144a5b1ba936ca29d2ca71f0034c62da4c88632e2cd2ad49134acd            "value" : 1375.00000000,
ec5d8b8d52cdf76562f07ce2799b3b551ac7b2d02c4baa6dacb9e72cee9df613            "value" : 211.67000000,
d5d420e387eda37e2280e50471c4520229c2457cf18489cad10fb605e92dc2e5            "value" : 345.27748830,
dd76571305106aea04a9cfe48faf1c050f72820512f11b837c76be03b893a41b            "value" : 169.87025268,
b5ab120be945198e4d81cb445e25c964b51c4ec8885ec7ded4a7882a2f648c7e            "value" : 755.29209286,

It turns out that the first 8 all go to the same address, and it looks very much like a poloniex deposit address. The same address has quite a history too:



ie. the same poloniex account was used to dump 40k CLAM in December and a further 73k CLAM in January.

I'm not sure how we didn't notice such huge dumps at the time. Maybe we did and I've forgotten about them?

Anyway, this morning's 8 deposits move a total of 11500 CLAM to poloniex, and so far only around 5500 CLAM has been dumped:



So I figure there's another 6000 CLAM waiting to be dumped.

Edit: Re. "I'm not sure how we didn't notice such huge dumps at the time" - I think it's because large amounts of it was withdrawn back from poloniex rather than being dumped. The 39700 deposited in January is probably the same coins as the 40k deposited in December, and today's dump came from the same coins as well. Then again, it's hard to be sure.

[omahapoker]

if 40k was dumped in dec. then it has to be someone clam knows. devs may know..have a friend....who knew about clam in dec and had 40,000 clam?




just throwing out things,

[xploited]

if 40k was dumped in dec. then it has to be someone clam knows. devs may know..have a friend....who knew about clam in dec and had 40,000 clam?

We have no idea at all who it is.. someone with a lot of funded litecoin addresses. I've personally been pointing it out since it started happening in December. 

December was when JD launched so it brought alot of attention to clams from people who were otherwise unaware so it makes since thats when it started. 

[dooglus]

if 40k was dumped in dec. then it has to be someone clam knows. devs may know..have a friend....who knew about clam in dec and had 40,000 clam?

I'm thinking it wasn't dumped. I'm thinking it was deposited, a little sold, and the rest withdrawn back to the user's local wallet.

We have no idea at all who it is.. someone with a lot of funded litecoin addresses.

I traced back 2 addresses from each of the big 3 dumps to the poloniex deposit address. All 6 turned out to be LTC addresses that were initially funded with their 4.6 CLAMs. They all look organic enough - like they're from an active service's hot wallet, rather than being a cynical attempt to pre-seed a bunch of addresses to profit from the CLAM distribution (note that the core wallet attempts to make change as small as possible but at least 0.01 LTC, so seeing 0.0100xxx is very common):








Edit: it looks like the 11.5k that was recently deposited to poloniex is the result of withdrawing 10k from poloniex back in January and staking it for 6 weeks. At 2% staking reward per week that's about right.

[SuperClam]

Due to recently discovering that one of the exchanges listing CLAM is owned by GAW, and in light of recent rumors of corruption, fraud, and illegality associated with GAW, it has been decided to remove the Coin-Swap exchange from the OP post.

[Thirdspace]

Due to recently discovering that one of the exchanges listing CLAM is owned by GAW, and in light of recent rumors of corruption, fraud, and illegality associated with GAW, it has been decided to remove the Coin-Swap exchange from the OP post.

I noticed that too on coin-swap site itself, there is a news alert about it.
Im a bit worry about it, because I got some doges and other coins there
A few days ago, the wallet status of the coin I was going to withdraw was having block delayed
and still is, and a few other wallets are having non-healthy status
would it be best to sell em at market price and then withdraw bitcoin or just withdraw all coins raw?

has anyone managed to withdraw any coin successfully from coin-swap in the last couple days?

[madmartyk]

I just WD some BTC from coin-swap with no issues.

[dooglus]

Anyway, this morning's 8 deposits move a total of 11500 CLAM to poloniex, and so far only around 5500 CLAM has been dumped:

https://i.imgur.com/4Zckag3.png

So I figure there's another 6000 CLAM waiting to be dumped.

It's like I'm psychic or something! 5400 CLAM dumped this morning:

[madmartyk]

Someone is doing some profit taking

[SuperClam]

Someone is doing some profit taking

The nature of the CLAMs distribution is interesting in that periodic claiming and dumping can be expected as new users becomes aware.
Some of these, like this most recent one, are likely to be of reasonable size.

I would expect the frequency of these to decrease as time goes on.

Claim inflation is unique in that it is unpredictable and can come in fits-and-starts.
I think this provides a unique opportunity (and associated risk) for those willing to play the inevitable swings in the market.

[SuperClam]

Due to recently discovering that one of the exchanges listing CLAM is owned by GAW, and in light of recent rumors of corruption, fraud, and illegality associated with GAW, it has been decided to remove the Coin-Swap exchange from the OP post.

I noticed that too on coin-swap site itself, there is a news alert about it.
Im a bit worry about it, because I got some doges and other coins there
A few days ago, the wallet status of the coin I was going to withdraw was having block delayed
and still is, and a few other wallets are having non-healthy status
would it be best to sell em at market price and then withdraw bitcoin or just withdraw all coins raw?
has anyone managed to withdraw any coin successfully from coin-swap in the last couple days?

It appears coin-swap is now essentially non-functional.

[ranlo]

Anyway, this morning's 8 deposits move a total of 11500 CLAM to poloniex, and so far only around 5500 CLAM has been dumped:

https://i.imgur.com/4Zckag3.png

So I figure there's another 6000 CLAM waiting to be dumped.

It's like I'm psychic or something! 5400 CLAM dumped this morning:

It'd be nice to know for sure the time frames, though. Then we can sell at the top and buy at the bottom, :p.

[BayAreaCoins]

Anyway, this morning's 8 deposits move a total of 11500 CLAM to poloniex, and so far only around 5500 CLAM has been dumped:

https://i.imgur.com/4Zckag3.png

So I figure there's another 6000 CLAM waiting to be dumped.

It's like I'm psychic or something! 5400 CLAM dumped this morning:

It'd be nice to know for sure the time frames, though. Then we can sell at the top and buy at the bottom, :p.

I think that first whale bear is almost sold out.

[Pecunia non olet]

While clam is a nice idea the dev certainly had the opportunity to set up thousands of doge or ltc wallets with the minimum required amount before launch to make sure he's got a nice bag.

[shawn2025]

So how do these sell-offs affect the network weight and the rate of staking? 

Am I to understand Poloniex will continue the staking process? 

Sorry if stupid questions.   

/s/

[dooglus]

So how do these sell-offs affect the network weight and the rate of staking?  

Am I to understand Poloniex will continue the staking process?  

Sorry if stupid questions.    

/s/

Before the sell-off, the seller was staking.

During the sell-off, the coins were on poloniex, not being staked.

After the sell-off, most of the coins were invested in the JD bankroll, and so are staking again.

Net result: network weight unchanged?

[picolo]

Someone is doing some profit taking

He was stacking and hoping for a better price and now he decided to sell, maybe the relative higher price of clam pushed him to this decision. He would have get a better deal off the market but those are not easy to get.

[bobboooiie]

Someone is doing some profit taking

He was stacking and hoping for a better price and now he decided to sell, maybe the relative higher price of clam pushed him to this decision. He would have get a better deal off the market but those are not easy to get.

they are , if he would just reach out somewhere (PM me if you are reading this)

[Gibbs187x]

Clams added to shapeshift!!

[BayAreaCoins]

If you are a CLAM faucet user you might consider book marketing www.Clamfaucets.com (or www.ClamcoinFaucets.com... both are the same.)

More faucets coming!

Sorry for the AD's but most of the ad rev will be converted into BTC and then market orders into CLAM!