[ANN] [ABC] Abundance - Just merged assests and resources with QIBUCK

[istvandv]

when does month 1 start and end
will % for years 2-4 be 5% if months 6-12 is 1.25% annual

 

the months appear to be based on the block height
there are 2 block per minutes (30second block time)
2blocks * 60mins * 24hrs * 30 days = 86,400 blocks a month

you can check the source code here:
https://github.com/AbundanceSource/ABC2/blob/master/src/main.cpp#L993
const int MONTHLY_BLOCKCOUNT =  86400;

Month 1 -       20% Annual Interest  - block 0 to 86399
Month 2 -       10% Annual Interest - block 86400 to 172,799
Month 3 -      7.5% Annual Interest - block  172,800 to 259,199
Month 4 -      5% Annual Interest  - block 259,200 to 345,599
Month 5      2.5% Annual Interest  - block 345,600 to 431,999
Months 6-12   1.25% Annual Interest - block 432,000 to 1051199
Years 1-4      5% Annual Interest - block 1051200 to 4,204,799
Years 5-8      2.5% Annual Interest - block 4,204,800 and on

[JDS1000]

when does month 1 start and end
will % for years 2-4 be 5% if months 6-12 is 1.25% annual

 

the months appear to be based on the block height
there are 2 block per minutes (30second block time)
2blocks * 60mins * 24hrs * 30 days = 86,400 blocks a month

you can check the source code here:
https://github.com/AbundanceSource/ABC2/blob/master/src/main.cpp#L993
const int MONTHLY_BLOCKCOUNT =  86400;

Month 1 -       20% Annual Interest  - block 0 to 86399
Month 2 -       10% Annual Interest - block 86400 to 172,799
Month 3 -      7.5% Annual Interest - block  172,800 to 259,199
Month 4 -      5% Annual Interest  - block 259,200 to 345,599
Month 5      2.5% Annual Interest  - block 345,600 to 431,999
Months 6-12   1.25% Annual Interest - block 432,000 to 1051199
Years 1-4      5% Annual Interest - block 1051200 to 4,204,799
Years 5-8      2.5% Annual Interest - block 4,204,800 and on

THANK YOU  istvandv!!!!

[unclepeter]

when does month 1 start and end
will % for years 2-4 be 5% if months 6-12 is 1.25% annual

 

the months appear to be based on the block height
there are 2 block per minutes (30second block time)
2blocks * 60mins * 24hrs * 30 days = 86,400 blocks a month

you can check the source code here:
https://github.com/AbundanceSource/ABC2/blob/master/src/main.cpp#L993
const int MONTHLY_BLOCKCOUNT =  86400;

Month 1 -       20% Annual Interest  - block 0 to 86399
Month 2 -       10% Annual Interest - block 86400 to 172,799
Month 3 -      7.5% Annual Interest - block  172,800 to 259,199
Month 4 -      5% Annual Interest  - block 259,200 to 345,599
Month 5      2.5% Annual Interest  - block 345,600 to 431,999
Months 6-12   1.25% Annual Interest - block 432,000 to 1051199
Years 1-4      5% Annual Interest - block 1051200 to 4,204,799
Years 5-8      2.5% Annual Interest - block 4,204,800 and on

THANK YOU  istvandv!!!!

thank you for explaining that for me.

All HOLDERS OF Abundance that baghold 1500 or more coins at the time of the quartly audit will be eligible to receive a dividend bonus from this portion of the incoming revenues.

if proof of baghold is quarterly will that cause quarterly pump and dumps as people buy in for dividends and then sell as soon as dividend recieved every 3 months?
would taking a snapshot of richlist weekly/monthly and pay dividend based on time held encourage people to hold for longer or is this to complicated to implement?
or am i misunderstanding bagholding

thanks

[shwin]

any twit to bittrex ? we need to get visibility onto bittrex for more volume

[ABC Dev Team]

when does month 1 start and end
will % for years 2-4 be 5% if months 6-12 is 1.25% annual

 

the months appear to be based on the block height
there are 2 block per minutes (30second block time)
2blocks * 60mins * 24hrs * 30 days = 86,400 blocks a month

you can check the source code here:
https://github.com/AbundanceSource/ABC2/blob/master/src/main.cpp#L993
const int MONTHLY_BLOCKCOUNT =  86400;

Month 1 -       20% Annual Interest  - block 0 to 86399
Month 2 -       10% Annual Interest - block 86400 to 172,799
Month 3 -      7.5% Annual Interest - block  172,800 to 259,199
Month 4 -      5% Annual Interest  - block 259,200 to 345,599
Month 5      2.5% Annual Interest  - block 345,600 to 431,999
Months 6-12   1.25% Annual Interest - block 432,000 to 1051199
Years 1-4      5% Annual Interest - block 1051200 to 4,204,799
Years 5-8      2.5% Annual Interest - block 4,204,800 and on

THANK YOU  istvandv!!!!

thank you for explaining that for me.

All HOLDERS OF Abundance that baghold 1500 or more coins at the time of the quartly audit will be eligible to receive a dividend bonus from this portion of the incoming revenues.

if proof of baghold is quarterly will that cause quarterly pump and dumps as people buy in for dividends and then sell as soon as dividend recieved every 3 months?
would taking a snapshot of richlist weekly/monthly and pay dividend based on time held encourage people to hold for longer or is this to complicated to implement?
or am i misunderstanding bagholding

thanks

We are giving it to the middle of December for the first bagholder payout to allow us some time to accumulate some assets. Obviously, the ideal payouts would be monthly. After the first one happens, we will see if it is practical to make them monthly like QBK does.

[jox]

I still have few coins in old wallet with ticker ABC, how I can chage it for ABC2?

Please PM me with that information.

Thank you for help with swap my coins to ABC2. I really appreciate it. Just received whole amount.

[qiwoman2]

I have paid our QBK Bagholders up to date here 150 ABC2 coins so far..

https://docs.google.com/spreadsheets/d/10XiQW0tOfK5V_LUJ5GgFFcPChQpl6IH_v1798FZp8gA/edit#gid=552732416

[ABC Dev Team]

I have paid our QBK Bagholders up to date here 150 ABC2 coins so far..

https://docs.google.com/spreadsheets/d/10XiQW0tOfK5V_LUJ5GgFFcPChQpl6IH_v1798FZp8gA/edit#gid=552732416

Great job Ellie !!

[Mig-23]

Abundance,..nice name,i like it

[JDS2000]

Abundance,..nice name,i like it

Thanks Mig.  So do we!

We use a currency that loses value very quickly... Abundance is a concept and mindset that we hope will be adopted...
Price don't rise - Fiat just loses its value....

https://pbs.twimg.com/media/BzAyJ3KIUAADJWj.jpg

[Mig-23]

abundance need more exchange for rise

[darktt]

I have ABC1 coin on my adress ASNodqzCNQUXExp6FyikwcecvWhTWqnse9. how i can convert it to abc2? download new wallet and resync does not help

[JDS2000]

abundance need more exchange for rise

Agreed.  We have made a large effort to be listed on more exchanges the last several days...
Twitter/Emails/Contacts....

We've had consistent volume between .8-3 BTC on C-Cex.

We've received very professional responses from both Cryptsy & HitBTC.
Please vote for us on BTER - https://bter.com/voting

Polo is ending coin voting.

[lobat999]

In due time ABC2 will be accepted by other exchanges. The sooner, the better.

[shwin]

abundance need more exchange for rise

Agreed.  We have made a large effort to be listed on more exchanges the last several days...
Twitter/Emails/Contacts....

We've had consistent volume between .8-3 BTC on C-Cex.

We've received very professional responses from both Cryptsy & HitBTC.
Please vote for us on BTER - https://bter.com/voting

Polo is ending coin voting.

post the twitter url here, we can retweet and make some promotin between abc2 and bittrex

[ABC Dev Team]

https://twitter.com/ABC_Coin

Thank you!!!!

We'd love some retweeting!

[baobao]

The current price is very low.Buy it.

[ABC Dev Team]

It has been a lazy Sunday afternoon of watching football and mowing the lawn here in Austin, Texas.

Hopefully, we are a little busier earlier next week with a new block explorer, bagholder block explorer and multi-pool.




Bittzy78

[qiwoman2]

It has been a lazy Sunday afternoon of watching football and mowing the lawn here in Austin, Texas.

Hopefully, we are a little busier earlier next week with a new block explorer, bagholder block explorer and multi-pool.




Bittzy78


That's great news..I too have been really busy last few days with family commitments but it's back to work now..
 

That's great news..I too have been really busy last few days with family commitments but it's back to work now..
 

[ABC Dev Team]

Just added a multipool where you can be paid out in ABC2

http://thepool.pw/ABC2/