★[ANN] [NAV] NAV COIN - Community Fund Live!!!

[Aquazi]

what caused the spike?

obviously nobody has a clue

Bittrex fixed its problems with the Nav wallet which caused the slump in the price we experienced in the last 10 days. You can see a Bittrex support member looking for a dev in this very thread one page ago.

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[colvano]

Update NavPi and enable automatic updates
- For NavPi v1.0.1 & v1.0.2 -




https://www.youtube.com/watch?v=x9qDuG2elUY


Update your NavPi v1.0.1 & v1.0.2 to the latest NavPi version!

If you are running the oldest v1.0.0 NavPi software, I recommend to format your SD card and flash the v1.0.3 image.
Tutorials can be found at: https://navtechservers.com/video-tutorials/navpi/

[vickigoh]

Hi,

Is this coin a POS coin? I knew that is 5% interest per year so what is the reward per block??

Or if let say i got 10k coin = 10,000 x 5% = 500 coins per year so mean 500/365 and i will get 1.369863 daily??? if not maybe someone can share with me how does this coin work as POS.

Thank you
Vicki

[NAV_whale]

Great progress! Growing development team!

https://navcoin.org/news/community-fund-vote-now-open-nav-pi-update-new-team-members/

[LouTong]

Hi, I'm just catching up on things.  Trying to get a better grip on what the vote is about as i just grabbed the new wallet but not yet voted.  I'm heading over to reddit after i post this to try and learn more.

I saw somebody mention they wanted to vote no to this so they can vote yes for a secondary proposal (5-1 i think they may have said?)  Can anybody enlighten me on this or point me to where i can read up as to various options?

From what I've read so far it seems like a vote yes is voting for two things. A staking reduction + a developers fund and from how I've read it they would reduce staking from 5% to 4% ( a 20% reduction) and then take a further amount from that reduced staking amount for development fund.  

As an investor and staker it seems kind of like they are going in my pocket twice on this one vote.  Am I reading into this wrong?

I love this project and think a community/development fund is a great idea and totally what navcoin needs.  I would totally vote yes on that.  But i don't personally like the 20% reduction on staking on top of that. unless i'm misunderstanding..

I think if it is two major changes it should be two votes personally.

I'll do some reading back here and onto reddit but if anybody can share some thoughts pro/con i would appreciate it.

Otherwise I may be defaulting to a NO vote until I'm given a chance to vote separately.  Kind of sad on that because I would totally like to kick in some support to the team and have community proposals.

[colvano]

Hi,

Is this coin a POS coin? I knew that is 5% interest per year so what is the reward per block??

Or if let say i got 10k coin = 10,000 x 5% = 500 coins per year so mean 500/365 and i will get 1.369863 daily??? if not maybe someone can share with me how does this coin work as POS.

Thank you
Vicki

Hello Vicki!

This is indeed a Proof of Stake coin. Bocyaj wrote an in-depth guide about NAV Coin PoS: https://steemit.com/bitcoin/@juguelio/nav-coin-navpi-stakebox-unit-giveaway-get-a-free-raspberry-pi-with-nav-coin-image-pre-installed-pos-mining

On my website you can find a staking calculator to calculate when staking is profitable for you for example: https://navtechservers.com/navtech-tools/staking-calculator/

You will indeed earn 1.369863 daily on average! So don't focus too much on daily returns but rather look at a longer period.

[vickigoh]

Hi,

Is this coin a POS coin? I knew that is 5% interest per year so what is the reward per block??

Or if let say i got 10k coin = 10,000 x 5% = 500 coins per year so mean 500/365 and i will get 1.369863 daily??? if not maybe someone can share with me how does this coin work as POS.

Thank you
Vicki

Hello Vicki!

This is indeed a Proof of Stake coin. Bocyaj wrote an in-depth guide about NAV Coin PoS: https://steemit.com/bitcoin/@juguelio/nav-coin-navpi-stakebox-unit-giveaway-get-a-free-raspberry-pi-with-nav-coin-image-pre-installed-pos-mining

On my website you can find a staking calculator to calculate when staking is profitable for you for example: https://navtechservers.com/navtech-tools/staking-calculator/

You will indeed earn 1.369863 daily on average! So don't focus too much on daily returns but rather look at a longer period.

Oh great thank for the link and i am looking for long term investment coin and navcoin got a good trading volume as well in bittrex

Wow the calculator is super nice..i want to find a good POS coin to stake ..cause which to transfer my mining profit to hold 1 coin..so in return i still got interest to get too.

[colvano]

Hi, I'm just catching up on things.  Trying to get a better grip on what the vote is about as i just grabbed the new wallet but not yet voted.  I'm heading over to reddit after i post this to try and learn more.

I saw somebody mention they wanted to vote no to this so they can vote yes for a secondary proposal (5-1 i think they may have said?)  Can anybody enlighten me on this or point me to where i can read up as to various options?

From what I've read so far it seems like a vote yes is voting for two things. A staking reduction + a developers fund and from how I've read it they would reduce staking from 5% to 4% ( a 20% reduction) and then take a further amount from that reduced staking amount for development fund.  

As an investor and staker it seems kind of like they are going in my pocket twice on this one vote.  Am I reading into this wrong?

I love this project and think a community/development fund is a great idea and totally what navcoin needs.  I would totally vote yes on that.  But i don't personally like the 20% reduction on staking on top of that. unless i'm misunderstanding..

I think if it is two major changes it should be two votes personally.

I'll do some reading back here and onto reddit but if anybody can share some thoughts pro/con i would appreciate it.

Otherwise I may be defaulting to a NO vote until I'm given a chance to vote separately.  Kind of sad on that because I would totally like to kick in some support to the team and have community proposals.

There is one proposal now that we vote on. Currently the staking reward is 5%. The proposal is to lower the staking reward to 4% and every block 0.25 NAV Coin to a community fund.

So yes, staking will earn you less NAV Coin annually. However, you will get a community fund in place that could be a huge boost to the development of NAV Coin.

Discussions over the past months and polls determined that the 4% + 0.25NAV/block to the fund, was the most popular option. If this proposal doesn't reach a 75% majority vote, I don't know when and if another proposal will be brought to vote.

0.25 NAV/Block means about 21600 NAV Coin going towards the community fund. The stakers are in charge of the fund and without a majority vote no funds can be released. Everyone is able to ask for funds and propose an idea to the stakers. First the stakers will have to agree on the idea and in a later voting they have to agree on releasing the funds.

[trackmaster]

Voted yes, I love this plan to help Nav progress. We have always been a small team with great potential.
1% staking donated is not much and I have a lot of Navcoin. 4% is still more than ETH, LTC, ETC..... RIGHT!
Back from vacation so time for Navcoin to get a serious push. I am hoping for more progress on our advertising side.
Navcoin goes up 50% - 100% with assist from community funded staking reward at the cost of 1% is a great ROI.
I hope everyone can really see the big picture here and not focus on the negative posts. Navcoin is going far beyond todays price surge.

Best to all of you!

Hi, I'm just catching up on things.  Trying to get a better grip on what the vote is about as i just grabbed the new wallet but not yet voted.  I'm heading over to reddit after i post this to try and learn more.

I saw somebody mention they wanted to vote no to this so they can vote yes for a secondary proposal (5-1 i think they may have said?)  Can anybody enlighten me on this or point me to where i can read up as to various options?

From what I've read so far it seems like a vote yes is voting for two things. A staking reduction + a developers fund and from how I've read it they would reduce staking from 5% to 4% ( a 20% reduction) and then take a further amount from that reduced staking amount for development fund.  

As an investor and staker it seems kind of like they are going in my pocket twice on this one vote.  Am I reading into this wrong?

I love this project and think a community/development fund is a great idea and totally what navcoin needs.  I would totally vote yes on that.  But i don't personally like the 20% reduction on staking on top of that. unless i'm misunderstanding..

I think if it is two major changes it should be two votes personally.

I'll do some reading back here and onto reddit but if anybody can share some thoughts pro/con i would appreciate it.

Otherwise I may be defaulting to a NO vote until I'm given a chance to vote separately.  Kind of sad on that because I would totally like to kick in some support to the team and have community proposals.

There is one proposal now that we vote on. Currently the staking reward is 5%. The proposal is to lower the staking reward to 4% and every block 0.25 NAV Coin to a community fund.

So yes, staking will earn you less NAV Coin annually. However, you will get a community fund in place that could be a huge boost to the development of NAV Coin.

Discussions over the past months and polls determined that the 4% + 0.25NAV/block to the fund, was the most popular option. If this proposal doesn't reach a 75% majority vote, I don't know when and if another proposal will be brought to vote.

0.25 NAV/Block means about 21600 NAV Coin going towards the community fund. The stakers are in charge of the fund and without a majority vote no funds can be released. Everyone is able to ask for funds and propose an idea to the stakers. First the stakers will have to agree on the idea and in a later voting they have to agree on releasing the funds.

[mattimann]

Voted Yes. The reasons are obvious! I´m in for the long run.
Go NAV Team...

[LouTong]

Thank you for the replies.  so as there is not some other possible vote option looming after this one, it seems the best option is vote yes to this.  nav has a great team and great tech but companies need funding to do great things.  i think the community involvement is a nice aspect also.

can anybody explain the rational for the why the lower staking rate though?  I'm a big picture type of person so the yes vote is obvious to me but i am curious about this.  Thanks

[LouTong]

I just found the answer to my earlier question at navcoin always informative weekly news.  (love that they communicate so well)

"You should be presented with a popup option to choose yes or no. At this stage, we are proposing reducing staking from 5% to 4% and generating 0.25 NAV per block to add to the community fund which roughly cancels out to have the annual inflation remain the same. The stake percent and funding amounts are still up for debate. Similar to the two vote proposal system there will be another network vote when we’ve completed the work when you get to decide whether or not to include the new consensus method with specific rates into the source code. This vote is to decide if a community fund is even something the community wants us to work on."

Perfect.. 

Gonna go get my vote signalling.   Imagine NAV core with funding + the extra community morale and support this will bring.  Future will be bright.  I hope we can see a vote similar to what we saw with the segwit one. 

[CRYPTONAIRE]

For me this is a no-brainer.  

NAV will certainly advance anyway, simply because of the size, quality and dedication of the Dev team.

But they cant be expected to do it all.  NAV has a large, and thankfully, very loyal and supportive community; its not unreasonable to be expected to contribute a little extra to NAVs long-term success.  As I say, NAV will succeed anyway, but surely we all want this sooner rather than later?

I want the 'long-term' to  be as short as we can all make it, so I voted YES, and I urge all NAVigators to do likewise.  

[SnoopDoge420hue]

I believe NAV $ 20.
the future will be wonderful

[Ale88]

Guys I just downloaded Electrum NAV for macOS, version 3.6.0, I made a withdrawal from Bittrex, I can see them in the wallet and it says "not verified". I checked the transaction details and it has over 150 confirmations, what's the problem then? Thanks!

Still now my wallet doesn't synchronize, and I don't understand why. Once I open the wallet for a few seconds I see on the left bottom corner the "sync" status, but then it disappears, and my transaction is still not verified. Can anyone help me please?

[ktom71]

It is a shame to me that Nav still is vulnerable to these rapid price pumps and fall backs. We need to move to slow steady healthy growth

[Aquazi]

It is a shame to me that Nav still is vulnerable to these rapid price pumps and fall backs. We need to move to slow steady healthy growth

Oh, we really needed a useless comment by a guy that just registered.

We're here to make money and support blockchain technologies.

How we support them and how we make money is each its own interest.

[bspus]

Guys I just downloaded Electrum NAV for macOS, version 3.6.0, I made a withdrawal from Bittrex, I can see them in the wallet and it says "not verified". I checked the transaction details and it has over 150 confirmations, what's the problem then? Thanks!

Still now my wallet doesn't synchronize, and I don't understand why. Once I open the wallet for a few seconds I see on the left bottom corner the "sync" status, but then it disappears, and my transaction is still not verified. Can anyone help me please?

You should not use electrum NAV because it is very old branch. version 3.6. NAV hard forked at version 4.x so the old wallet cannot understand new blocks.

@DEV team you really should remove that link or update electrum.

@Ale88 you will probably need to export the private key of your address from electrum and import it in a full 4.06 wallet. I don't see another way. You need to use the command line to import it because electrum does not have a wallet.dat file that you can overwrite

[Aquazi]

I voted yes, but I really think that dev team should be more transparent about how many NAVs they're holding.

[serpentgawd]

I voted yes, but I really think that dev team should be more transparent about how many NAVs they're holding.

Exactly! Looks like it's a do not touch subject...