[ANN][KiB] Kibweecoin | Proof-of-Contribution | Under rework

[McHammer]

console looks nice, logo looks nice, new algo always nice
im just to dump/ to understand the new algo 
ill fallow this thread ...

[Kib]

A question: What are future projekts for this coin? After 8 months is POW/POC down, the revolution (POC) is down.

Hi ZyTReX,
In the next future our main line are:
to make perfect the PoC by adding new stuff:
 - API to make able dev to create apps on the PoC
 - Ability to withdraw the Shares with a 'code' system (like the BTC-e Code)
 - Keep improving by listening the users

build around the coin. We will need a better well designed website to present the coin, a blockchain, charts, more exchanges.
When the PoC will be ready we will make it open source. The revolution won't be down as any other dev will able to use the system. We create the POC for all.

console looks nice, logo looks nice, new algo always nice
im just to dump/ to understand the new algo  Grin
ill fallow this thread ...

Hi McHammer,
The POC isn't a new algo as you don't have to resolve any maths to earn coins. The POC will work without any need to keep your wallet and computer turned on as a server will manage everything for you.

[berkelip]

The dices decided the winners for the pre-launch Shares giveaway !

If you didn't received any Private Messages... I'm sorry you didn't won

I hope you'll be part anyway of the project !

I didn't receive pm
it's OK
I'll buy some shares later

[becausePool]

Kibweecoin added to becausePool!
https://becausepool.com/index.php?coin=kib
Single sign on across all the coins featured on the pool.
1% Fee, Proportional Payout

stratum.becausepool.com:3367


Rent some extra hashpower for the launch!  
http://www.miningrigrentals.com/register?ref=1729

[BTMan]

SO BAD!

I think POW is POC!

[ZyTReX]

SO BAD!

I think POW is POC!

Then you dont understand POC.
What you think is the same in POW and POC?

[Sunnyfive]

how POC works, i don't get it.

[ZyTReX]

how POC works, i don't get it.

Every 60 minutes the contributors get Coins (Block Time 1 minute)
All contributors get 472 Coins.

Now we assume that you have 28 Shares and I have 13. (we are alone in network for this example)
(You can buy shares after launch)

Your reward for block 60 in POC: 472:41 (41=all shares) = 11.51219512
You have 28 Shares: 11.51219512 * 28 (Your shares) = 322.34146341

322.34146341 is the reward that you get for Block 60

theoretically!!!! 

You can lose your shares. A post from Kib: https://bitcointalk.org/index.php?topic=642933.msg7253957#msg7253957

Kib when I have said a false information say it

[Kib]

I removed 1 post here for troll attack

Hi !

You're all good ZyTReX
The practice will be easier than reading the theoretical part.



Kibwee.com is now live !

We are entering in the 2nd step of the pre-launch.

You can now connect to kibwee.com and use all the functionality and start to discover the console.
The website is live, but the coin isn't release yet, so no Rolls will happens.

If you won the free Shares giveaway, you must register before the coin launch, so I'll credit your account. Same for peoples with bounties pending (I'll contact you all by PM).
Else you can create an account right now.

It's up to you to buy Shares to be ready for the coin source code release. As soon as the Miners will start to work on the PoW, the PoC will follow the move naturally.
Don't forget to Activate the Contribution, it's disabled by default (you'll lose no Shares as no Rolls will happen).

What will happen on the Coin release ?

The first Roll will occur on block 280 only.
It's because the Coins need to reach the Maturity (220 blocks) and because the first sending happen on block 60.
After the block 280, we will have 1 Roll every 60 blocks during the 8 months of distribution.

The pages are updating by themselves, so you can stay online on "Account" and watch the progression.

If you have any questions, it's maybe better for you to ask them before the coin release !

[reflector]

I removed 1 post here for troll attack

Hi !

You're all good ZyTReX
The practice will be easier than reading the theoretical part.



Kibwee.com is now live !

We are entering in the 2nd step of the pre-launch.

You can now connect to kibwee.com and use all the functionality and start to discover the console.
The website is live, but the coin isn't release yet, so no Rolls will happens.

If you won the free Shares giveaway, you must register before the coin launch, so I'll credit your account. Same for peoples with bounties pending (I'll contact you all by PM).
Else you can create an account right now.

It's up to you to buy Shares to be ready for the coin source code release. As soon as the Miners will start to work on the PoW, the PoC will follow the move naturally.
Don't forget to Activate the Contribution, it's disabled by default (you'll lose no Shares as no Rolls will happen).

What will happen on the Coin release ?

The first Roll will occur on block 280 only.
It's because the Coins need to reach the Maturity (220 blocks) and because the first sending happen on block 60.
After the block 280, we will have 1 Roll every 60 blocks during the 8 months of distribution.

The pages are updating by themselves, so you can stay online on "Account" and watch the progression.

If you have any questions, it's maybe better for you to ask them before the coin release !

Very impressive so far.

[bitcoin_newbie]

The dices decided the winners for the pre-launch Shares giveaway !

If you didn't received any Private Messages... I'm sorry you didn't won

I hope you'll be part anyway of the project !

I didn't receive pm
it's OK
I'll buy some shares later

I didn't win either. Would be glad to see those who won Also, on which date will I be able to buy KiB shares? What's the max no. of shares going to be sold that way?

[Kib]

The dices decided the winners for the pre-launch Shares giveaway !

If you didn't received any Private Messages... I'm sorry you didn't won

I hope you'll be part anyway of the project !

I didn't receive pm
it's OK
I'll buy some shares later

I didn't win either. Would be glad to see those who won Also, on which date will I be able to buy KiB shares? What's the max no. of shares going to be sold that way?

Hi,

I didn't post names here to keep privacy, but your request is fair-enough.
I'll send them a PM asking them to post here, they'll do it only if they accept.

We have 9 winners here and 1 on CryptocoinTalk. 4 of them are still not registered.


The Share cap is unlimited.

[ripplebtc]

The dices decided the winners for the pre-launch Shares giveaway !

If you didn't received any Private Messages... I'm sorry you didn't won

I hope you'll be part anyway of the project !

I didn't receive pm
it's OK
I'll buy some shares later

I didn't win either. Would be glad to see those who won Also, on which date will I be able to buy KiB shares? What's the max no. of shares going to be sold that way?

Hi,

I didn't post names here to keep privacy, but your request is fair-enough.
I'll send them a PM asking them to post here, they'll do it only if they accept.

We have 9 winners here and 1 on CryptocoinTalk. 4 of them are still not registered.


The Share cap is unlimited.

I'm the winner    Thanks for Dev!

[ccienet]

The dices decided the winners for the pre-launch Shares giveaway !

If you didn't received any Private Messages... I'm sorry you didn't won

I hope you'll be part anyway of the project !

I didn't receive pm
it's OK
I'll buy some shares later

I didn't win either. Would be glad to see those who won Also, on which date will I be able to buy KiB shares? What's the max no. of shares going to be sold that way?

Hi,

I didn't post names here to keep privacy, but your request is fair-enough.
I'll send them a PM asking them to post here, they'll do it only if they accept.

We have 9 winners here and 1 on CryptocoinTalk. 4 of them are still not registered.


The Share cap is unlimited.

I have received 72 shares。

[escalicha]

I recibed 72 shares too

[trankil]

j'ai perdu

good luck for this coin

[bitcoin_newbie]

The dices decided the winners for the pre-launch Shares giveaway !

If you didn't received any Private Messages... I'm sorry you didn't won

I hope you'll be part anyway of the project !

I didn't receive pm
it's OK
I'll buy some shares later

I didn't win either. Would be glad to see those who won Also, on which date will I be able to buy KiB shares? What's the max no. of shares going to be sold that way?

Hi,

I didn't post names here to keep privacy, but your request is fair-enough.
I'll send them a PM asking them to post here, they'll do it only if they accept.

We have 9 winners here and 1 on CryptocoinTalk. 4 of them are still not registered.


The Share cap is unlimited.

Thanks KiB. I am trying to understand the share cap. Any direct relation (or prediction possible) between shares and coins? x Coins = y shares ?

[SadmanBD]

I am one of the winners

[Kib]

The dices decided the winners for the pre-launch Shares giveaway !

If you didn't received any Private Messages... I'm sorry you didn't won

I hope you'll be part anyway of the project !

I didn't receive pm
it's OK
I'll buy some shares later

I didn't win either. Would be glad to see those who won Also, on which date will I be able to buy KiB shares? What's the max no. of shares going to be sold that way?

Hi,

I didn't post names here to keep privacy, but your request is fair-enough.
I'll send them a PM asking them to post here, they'll do it only if they accept.

We have 9 winners here and 1 on CryptocoinTalk. 4 of them are still not registered.


The Share cap is unlimited.

Thanks KiB. I am trying to understand the share cap. Any direct relation (or prediction possible) between shares and coins? x Coins = y shares ?

Well, the Share cap isn't a factor in any calculations.
The important factors are:

• Total Shares (active + inactive)
• Total Active Shares
• Your Shares
• Numbers of Active Contributors

Each Roll the system calculate the value of 1 Share:
(472 / Total Active Shares) = Y

Then, for example if you have 72 Shares, you'll earn 72 * Y

This math is available directly on your account dashboard.

The Total Shares (active + inactive) is important cause you know the amount of Shares that are sleeping.
The Number of Active Contributors shouldn't be underestimated, because it's the quantity of Shares getting dumped on a Roll (1 Share per Active Contributor).

[bitcoin_newbie]

The dices decided the winners for the pre-launch Shares giveaway !

If you didn't received any Private Messages... I'm sorry you didn't won

I hope you'll be part anyway of the project !

I didn't receive pm
it's OK
I'll buy some shares later

I didn't win either. Would be glad to see those who won Also, on which date will I be able to buy KiB shares? What's the max no. of shares going to be sold that way?

Hi,

I didn't post names here to keep privacy, but your request is fair-enough.
I'll send them a PM asking them to post here, they'll do it only if they accept.

We have 9 winners here and 1 on CryptocoinTalk. 4 of them are still not registered.


The Share cap is unlimited.

Thanks KiB. I am trying to understand the share cap. Any direct relation (or prediction possible) between shares and coins? x Coins = y shares ?

Well, the Share cap isn't a factor in any calculations.
The important factors are:

• Total Shares (active + inactive)
• Total Active Shares
• Your Shares
• Numbers of Active Contributors

Each Roll the system calculate the value of 1 Share:
(472 / Total Active Shares) = Y

Then, for example if you have 72 Shares, you'll earn 72 * Y

This math is available directly on your account dashboard.

The Total Shares (active + inactive) is important cause you know the amount of Shares that are sleeping.
The Number of Active Contributors shouldn't be underestimated, because it's the quantity of Shares getting dumped on a Roll (1 Share per Active Contributor).

Sorry for asking too many questions May be it's too obvious.

The reason for me asking about share cap is because I am trying to predict a possible market value for KiB based on the total no. of coins & the number of shares. Assuming I am not a contributor and just a shareholder, I am trying to see if I am paying a good value for the shares I bought. Thanks for your answers.