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Author Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!!  (Read 2052043 times)
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HashForce102
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August 09, 2018, 11:27:34 AM
Last edit: August 09, 2018, 12:02:00 PM by HashForce102
 #24561


The developers of Navajo have confirmed that a successful double spend attack has occurred on the network with the attacker managing to sell almost one million Navajo on Bittrex.
Navajo has been gaining a lot of attention recently after switching the name from SummerCoinV2 and releasing a whitepaper detailing how the developers intend to implement anonymous technology and ironically using the catchphrase “The unbreakable code”. Earlier today after a wave of rumours of an attack on the network, SoopY, a core developer released a statement on BitcoinTalk:
Information shared by Bittrex, this is not a fork guys but a double-spend attack so to seem , the attacker had created a transaction within a private network and had moved the coins within 6 separately created blocks thus bypassing the 6 confirmations check at Bittrex end and they had allegedly dumped the coins for BTC and withdrawn the same and while the network reaching that block had orphaned it thereby the Bittrex wallet being short of the 937620 coins.
The double-spend attack was confirmed by Bittrex who stated that they had been working with the Navajo developers to resolve the situation and that “All coins will be replaced or honored one way or another”. The Navajo developers have said that neither the foundation nor the developers themselves own enough coins to initiate a double-spend attack and so it must have been a ‘whale’. There will be a hardfork and mandatory update but details remain unclear.
In a week that has tarnished the reputation of cryptocurrencies that use the proof-of-stake mechanism for transaction signing, this is more bad news. Earlier this week Mintpal’s security was compromised and a large amount of Vericoin stolen leading to fears of the potential for double-spend attack. The developers then ‘rolled back’ the blockchain to a block generated before the hack occurred.
Less than two months ago C2 suffered from a double-spend attack and had to take drastic measures to fix the problem.
Although news like this is never welcome, the developers seem to be busy trying to work out a solution. The last update from developer SoopY read:
Dumpers can dump , buyers will buy , but the Developer or the Foundation will never back down from the coin that’s my word.
We will keep you posted on developments.

August 9th 2018
29 Cents

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isildurBG
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August 09, 2018, 03:46:20 PM
 #24562

All the market is “quit” down, it’s not so weird that NAV is 30 cents. I still think that NAV project has huge potential in future. Keep the strong hands and wait for the moment boyzZz.
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August 10, 2018, 09:49:59 AM
 #24563

All the market is “quit” down, it’s not so weird that NAV is 30 cents. I still think that NAV project has huge potential in future. Keep the strong hands and wait for the moment boyzZz.

He was comparing with 2014 during NAV's darkest times when it fell sharply after a double spend attack. The price then was 0.1 cents or so.
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August 10, 2018, 02:33:16 PM
 #24564

Navcoin is a great project but still not very recognizable unfortunately. Privacy coins like Monero, Verge and ZCash are still on top.
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August 10, 2018, 02:36:33 PM
 #24565

I wanted to ask the Devs and the Team if it is possible to reserve part of the community fund to improve marketing and make the Coin known to other communities.

NAVcoin is an incredible project, for certain aspects and unique features of its kind, see POS with Age, but really little known and appreciated by the communities and the market ..... it is absurd to stay in the 3 page of CMC.
That's the main reason I sold it at $4 in December and didn't come back even though I like the project. Seems like the devteam doesn't care about the marketing as much as they should and that's a shame because it's much better than Verge for instance.
anderson silva 1
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August 11, 2018, 12:58:53 AM
 #24566

I wanted to ask the Devs and the Team if it is possible to reserve part of the community fund to improve marketing and make the Coin known to other communities.

NAVcoin is an incredible project, for certain aspects and unique features of its kind, see POS with Age, but really little known and appreciated by the communities and the market ..... it is absurd to stay in the 3 page of CMC.
That's the main reason I sold it at $4 in December and didn't come back even though I like the project. Seems like the devteam doesn't care about the marketing as much as they should and that's a shame because it's much better than Verge for instance.

I have been accompanying NAV for a long time and if the team is not investing in marketing, I believe it is not the right time yet, they are a very serious and committed team so I believe that at the right moment these investments in marketing will come.
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August 13, 2018, 01:31:22 AM
 #24567

Make it easier for customers to pay you in digitalcurrency with #avCoin OpenAlias. It transforms long form numeric style addresses into a simple email style address. Register your OpenAlias today https://buff.ly/2AUxjjJ

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August 15, 2018, 05:48:45 AM
 #24568

Weekly Community News: NavCoin m8 Launch And Website Redevelopment  Cool

https://medium.com/@NAVCoin/navcoin-m8-launch-and-website-redevelopment-edc0a04f14b3
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August 15, 2018, 06:28:00 AM
 #24569

team dev, you're superman.
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August 15, 2018, 02:33:14 PM
 #24570

Weekly Community News: NavCoin m8 Launch And Website Redevelopment  Cool

https://medium.com/@NAVCoin/navcoin-m8-launch-and-website-redevelopment-edc0a04f14b3


Nice ! Its hard to hodl when BTC is dumping, but NAV is amazing project !!! Guys u are soo good.

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August 15, 2018, 03:16:55 PM
 #24571

Hello, we are a digital asset exchange. We are now looking to the society for potential project parties, seeking cooperation and seeking common development.
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August 15, 2018, 07:31:20 PM
 #24572


I thought I bought the bottom at 6.4k a few weeks ago sat but it was too soon.

Whoever still has btc to spend should buy this now.  I wish I had more.
You really can't go wrong with NAV in the long term.
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August 15, 2018, 07:39:10 PM
 #24573


I thought I bought the bottom at 6.4k a few weeks ago sat but it was too soon.

Whoever still has btc to spend should buy this now.  I wish I had more.
You really can't go wrong with NAV in the long term.


Agreed with you this coin has more better tech as compare with other anonymous coin like DASH. With active dev this will perform wonderful in future and I also very confident in long term this will be good investment.
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August 15, 2018, 08:07:04 PM
 #24574

Good evening, I would like to know what is the minimum currency "NavCoin" to start receiving the rewards of the POS system, and what is the percentage (%) of annual average profit?

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August 16, 2018, 05:05:48 AM
 #24575

I wanted to ask the Devs and the Team if it is possible to reserve part of the community fund to improve marketing and make the Coin known to other communities.

NAVcoin is an incredible project, for certain aspects and unique features of its kind, see POS with Age, but really little known and appreciated by the communities and the market ..... it is absurd to stay in the 3 page of CMC.
That's the main reason I sold it at $4 in December and didn't come back even though I like the project. Seems like the devteam doesn't care about the marketing as much as they should and that's a shame because it's much better than Verge for instance.


In today's world, more is the marketing than the product, and in fact we often see projects that are nonexistent or poor supported and massively advertised by the team and the community.

I do not say that this is correct, but I find it absurd that instead projects like NAVCoin, fantastic and unique in many ways, have almost no marketing and are almost left to die, like any shitcoin.

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Waldozaur12
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August 16, 2018, 08:23:51 AM
 #24576

I wanted to ask the Devs and the Team if it is possible to reserve part of the community fund to improve marketing and make the Coin known to other communities.

NAVcoin is an incredible project, for certain aspects and unique features of its kind, see POS with Age, but really little known and appreciated by the communities and the market ..... it is absurd to stay in the 3 page of CMC.
That's the main reason I sold it at $4 in December and didn't come back even though I like the project. Seems like the devteam doesn't care about the marketing as much as they should and that's a shame because it's much better than Verge for instance.


In today's world, more is the marketing than the product, and in fact we often see projects that are nonexistent or poor supported and massively advertised by the team and the community.

I do not say that this is correct, but I find it absurd that instead projects like NAVCoin, fantastic and unique in many ways, have almost no marketing and are almost left to die, like any shitcoin.

The market will no longer pump shitcoins. This is a great hope for real projects like NAV. But the fact of marketing should be better.

Donation for a trip to USA 2020

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DigitalCyberius
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August 16, 2018, 09:39:52 AM
 #24577

Nav Coin provides users with a simple way to protect their financial privacy with simple steps. Behind the simplicity, Navtech is powered by cutting edge technology, enabling anonymous transactions using a secondary blockchain known as the Subchain. Find out in this Infographic: https://www.cyberius.com/navcoin-in-a-nutshell-infographic/
  • How does Nav Coin work
  • How You Can Use Nav Coin and more.
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August 16, 2018, 11:43:56 AM
 #24578

I wanted to ask the Devs and the Team if it is possible to reserve part of the community fund to improve marketing and make the Coin known to other communities.

NAVcoin is an incredible project, for certain aspects and unique features of its kind, see POS with Age, but really little known and appreciated by the communities and the market ..... it is absurd to stay in the 3 page of CMC.
That's the main reason I sold it at $4 in December and didn't come back even though I like the project. Seems like the devteam doesn't care about the marketing as much as they should and that's a shame because it's much better than Verge for instance.


In today's world, more is the marketing than the product, and in fact we often see projects that are nonexistent or poor supported and massively advertised by the team and the community.

I do not say that this is correct, but I find it absurd that instead projects like NAVCoin, fantastic and unique in many ways, have almost no marketing and are almost left to die, like any shitcoin.

Marketing is only hyping shit projects to speculate for the fancy lamboo that all so called "investors" cry for Wink Let the NAV project evolve and mature into a full product that will actually be used. Mass adoption and a real use cases can only be the real long term value for the NAV community, nothing else. If you care about NAV, contribute to the community, help testing, spread the word of NAV, teach people around you on crypto and wallet usage. As Andreas Antonopoulos said, focus on education, not speculation.
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August 17, 2018, 08:47:30 AM
 #24579

NavCoin Core Dev @proletesseract discusses NavCoin's path to PoSv3 and dives into "NPIP004 - Static Block Reward", addressing some concerns the #community raised that a static reward would put smaller stakers at a disadvantage. Read and comment here:https://t.co/ACQWIPBUbD

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August 17, 2018, 11:32:45 AM
 #24580

As one of the somewhat bigger stakers who runs the wallet 24/7, I would love to see a 2 NAV reward per block.
On average now, rewards are lower than 1 NAV per block so it will be more than double earnings. Unless of course more people start staking.

In fact, I would suggest the reward be smaller. 1.75 + 0.25 for fund, or 1.6 + 0.4 if you want to have a 20% fund.
I like inflation to be smaller even if it means earning less.

Other staking coins may have good rewards in theory but their value is harder to maintain. Smart buyers should know this. I avoid high reward staking coins.
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