[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos

[battbot]

Is XCurrency no longer planning it's own decentralized exchange as was once reflected on the timeline?  

Is XCurrency no longer planning cloud storage as reflected on the timeline?  

Where've you been Battbot? This has all been discussed in detail here.

Yes we are still planning cloud storage.

Regarding the exchange, can someone please haul out my response to Cryptico? I'm on a bus.

I haven't read the forums that much lately.  Haha, my apologies if they have already been discussed.  

[battbot]

If you have time, can you explain, or give an example of how this will work:

"Token supply per coin will initially be allocated based on market cap, and adjusted manually if demand necessitates
it."

[synechist]

"No more than 20% of the available tokens (2,000,000) will be purchasable using altcoins. The remaining 80% will
be purchasable using BTC on Bittrex, Bter, and Poloniex."

why only 20% can be purchased using altcoins?

Because holding more than 20% of a high-risk asset can threaten the viability of a project.

It's important to ensure that the Blocknet has the funding to succeed. Imagine investors' money didn't go the distance?

[battbot]

"No more than 20% of the available tokens (2,000,000) will be purchasable using altcoins. The remaining 80% will
be purchasable using BTC on Bittrex, Bter, and Poloniex."

why only 20% can be purchased using altcoins?

Because holding more than 20% of a high-risk asset can threaten the viability of a project.

It's important to ensure that the Blocknet has the funding to succeed. Imagine investors' money didn't go the distance?

Ya, it would be foolish to hold only altcoins that, generally, have terrible liquidity.  Selling to fund development would crash the price.  I think the 80/20 split is a wise compromise.

[synechist]

If you have time, can you explain, or give an example of how this will work:

"Token supply per coin will initially be allocated based on market cap, and adjusted manually if demand necessitates
it."

CoinGateway will have a quantity of Blocknets tokens available for each coin in proportion to the market cap of the coin relative to the other coins.

If one coin turns out to be selling fast and another indicates low interest in tokens, then more tokens can be allocated to the first coin in order than tokens don't run out for that pairing.

 

[spookycoins]

Definitely the 80/20 split is a wise decision. More stability.

[battbot]

If you have time, can you explain, or give an example of how this will work:

"Token supply per coin will initially be allocated based on market cap, and adjusted manually if demand necessitates
it."

CoinGateway will have a quantity of Blocknets tokens available for each coin in proportion to the market cap of the coin relative to the other coins.

If one coin turns out to be selling fast and another indicates low interest in tokens, then more tokens can be allocated to the first coin in order than tokens don't run out for that pairing.

 

In this type of scenario, is it possible, for example, to have a situation where only one coin (let's say XC) ended up with the entire 20% of the ITO that was allocated for participating altcoins?  Is it "first come, first serve" in this sense?  Or will there be hard caps per altcoin?

Edit* Nevermind, I re-read what you said more carefully, I think it answers my question.  

But I suppose it doesn't answer this question - will it be first come first serve for each coin?  What if one XC holder, for example, at 5AM EST filled the entire portion set aside for XC in an instant, making other XC holders unable to convert for a 10% discount.  Perhaps there should be limits per user / IP, if possible?

[reebokasss]

its very interesting to see the start of tokens selling only 16hours left. guess tomorrow we will see some price of coins who are in blocknet increasing

[racer2012]

Please explain how to get ITO blocknet from coingateway.net
Using XC, XST, LXC, SSD AND APEX COINS
Will coingateway will have coins deposit address besides BTC to deposit coins for conversion with ITO
And than Ito will be sent to bittrex deposit address

[aragoon]

How come XC price is dropping so much? 

[policymaker]

How come XC price is dropping so much?  

theres been some proven hardcore manipulation the last week( night eu times dumping in the thousands), there was inadequate bying support at the time which has formed the (new) resistance at around 70k. The large dumping seems to have ceased for the last 24 hours

ps: it was pretty obvious the dumping has to do with possibly just one dumper because, for example, there is nothing wrong with development to trigger a mass dumping, and the dumping has been consistent volume-wise and time-wise.

[aragoon]

Weird and wonderful world of crypto. I guess if I didn't want XC to be used to buy Blocknet, I would want to see it's price drop at this time. Otherwise, I can't see any reason for the drop. Often asked at such times, but who in their right mind would dump XC at this point if not to manipulate? I'm getting out the popcorn to watch what happens over the next week or so and' of course, I'm buying.

[reebokasss]

blocknet details already realesed and still dumping.. tale endlessly.. "hegu news huge news" but it wont effect XC like and every other news.. we will see tomorrow when we will be still at 70k and not more

[battbot]

blocknet details already realesed and still dumping.. tale endlessly.. "hegu news huge news" but it wont effect XC like and every other news.. we will see tomorrow when we will be still at 70k and not more

Reebokasss do myself and everyone else here a favor and stop posting unless you have something to say that is based on logic rather than emotion.

I'm getting tired of reading your emotionally driven pessimistic posts.

[shockstar]

Bittrex:

15btc buy vs 6.5btc sell

Cryptsy:

7btc buy vs 15btc sell


I have no words to describe this. First time seeing this lmao.

[holyprofit]

blocknet details already realesed and still dumping.. tale endlessly.. "hegu news huge news" but it wont effect XC like and every other news.. we will see tomorrow when we will be still at 70k and not more

Reebokasss do myself and everyone else here a favor and stop posting unless you have something to say that is based logic rather than emotion.

I'm getting tired of reading your emotionally driven pessimistic posts.

Can't help but agree with battbot on this one. Not sure this is the life for you.

[spookycoins]

Tons of awesome projects are currently being worked on by the XC team.
If you ever doubt the passion/commitment being put towards XC, read the roadmap.
Glad to be onboard with this coin.

[MemoryShock]

Bittrex:

15btc buy vs 6.5btc sell

Cryptsy:

7btc buy vs 15btc sell


I have no words to describe this. First time seeing this lmao.

Unbelievable.  Someone has a vendetta. 

Frustrating.

[G-Bert]

Crypto world is a full on headfuck. that's my input of the day.

what time the ITO starting in the UK? I would have bought loads but now my XC are worth pennies so gonna just transfer fiat to whatever coin at the time.

this shit is so rushed!

[22naru]

how we can get XC on  https://bitcoinwisdom.com/ ..... we are on crytpsy...