[ANN][GB] $ GreenBacks $ ~ A Complete Currency & Infrastructure ~

[poornamelessme]

First, there is no deadline, it is just until spots are filled. All tiers are still open.

We are verifying by requiring investors to create a special GB address, and then sending all loyalty program coins to that address. We are recording all this, and will verify the addresses once every 5 days. If anyone moved coins out of the wallet, they will be contacted, and could potentially be removed.

As you said, coins must remain in wallet for at least 75 days to officially be in the program. From then on, the rewards will occur monthly, and coins must continue staking each month.

Each person is limited to one spot in one tier.

The latter verified by an IP check or some other method? What is to stop someone from making ten 3rd tier accounts after the first two tiers get filled up?

I'm a bit confused by the company percentage thing too. If a person gets .1% of greenbacks, inc. (or whatever it is called), and then drops out of the tier, what happens to their share? If the company ever became worth real money, how is that percentage even verified or proven? If it was like a stock percentage, whomever owns it, owns it... not like it'd be taken away later on due to some wallet staking rule.

[sunbird_go]

3k today?

maybe 5K
 

[chronicsky]

I just now got around to looking over their loyalty program agreement thingy and have some questions for the devs.

What is the deadline to sign up by? And is the third tier unlimited time-wise? Meaning can we sign up a month from now or even several months from now? Of course for the first two tiers, once they get filled, it'd be too late to then sign up for them.

But how are you verifying folks keep the coins in their wallets? Automated block chain check or something similar? What happens if someone 'drops out' at a certain point? And I assume the 75 days is a min. time to receive rewards, but to remain in the program, they still need to keep the coins in their wallet past that date?

Do you care if a person signs up for more than one program? Any limits per household?

First, there is no deadline, it is just until spots are filled. All tiers are still open.

We are verifying by requiring investors to create a special GB address, and then sending all loyalty program coins to that address. We are recording all this, and will verify the addresses once every 5 days. If anyone moved coins out of the wallet, they will be contacted, and could potentially be removed.

As you said, coins must remain in wallet for at least 75 days to officially be in the program. From then on, the rewards will occur monthly, and coins must continue staking each month.

Each person is limited to one spot in one tier.

after 75 days we will be given reward points of 2.5 months ?

[GreenBacksTeam]

First, there is no deadline, it is just until spots are filled. All tiers are still open.

We are verifying by requiring investors to create a special GB address, and then sending all loyalty program coins to that address. We are recording all this, and will verify the addresses once every 5 days. If anyone moved coins out of the wallet, they will be contacted, and could potentially be removed.

As you said, coins must remain in wallet for at least 75 days to officially be in the program. From then on, the rewards will occur monthly, and coins must continue staking each month.

Each person is limited to one spot in one tier.

The latter verified by an IP check or some other method? What is to stop someone from making ten 3rd tier accounts after the first two tiers get filled up?

I'm a bit confused by the company percentage thing too. If a person gets .1% of greenbacks, inc. (or whatever it is called), and then drops out of the tier, what happens to their share? If the company ever became worth real money, how is that percentage even verified or proven? If it was like a stock percentage, whomever owns it, owns it... not like it'd be taken away later on due to some wallet staking rule.

Well those shares are on a first come first serve basis. They are awarded upon staking for 150 days, this needs to be updated in the document. If someone does drop out after those 150 days, they will maintain that share, and it will not be available again.

If the company does come to fruition, then the shares will be rewarded and holders will be paid dividends.

Good questions, I hadn't thought about this complication before.

[GreenBacksTeam]

I just now got around to looking over their loyalty program agreement thingy and have some questions for the devs.

What is the deadline to sign up by? And is the third tier unlimited time-wise? Meaning can we sign up a month from now or even several months from now? Of course for the first two tiers, once they get filled, it'd be too late to then sign up for them.

But how are you verifying folks keep the coins in their wallets? Automated block chain check or something similar? What happens if someone 'drops out' at a certain point? And I assume the 75 days is a min. time to receive rewards, but to remain in the program, they still need to keep the coins in their wallet past that date?

Do you care if a person signs up for more than one program? Any limits per household?

First, there is no deadline, it is just until spots are filled. All tiers are still open.

We are verifying by requiring investors to create a special GB address, and then sending all loyalty program coins to that address. We are recording all this, and will verify the addresses once every 5 days. If anyone moved coins out of the wallet, they will be contacted, and could potentially be removed.

As you said, coins must remain in wallet for at least 75 days to officially be in the program. From then on, the rewards will occur monthly, and coins must continue staking each month.

Each person is limited to one spot in one tier.

after 75 days we will be given reward points of 2.5 months ?

After 75 days you will officially be in the program, and from that moment you will start accumulating reward points.

[Sshen]

wow.i just can't believe my eyes!!!!2200sat...you are cool!

[GreenBacksTeam]

In regards to shares from the loyalty program, this is the official update I will be putting into the document:

"*Shares will not be awarded until after 150days of continuous staking. Once a share is awarded, it is forever owned by the recipient unless they decide to sell it. If GreenBacks Inc. comes to fruition, shares will officially be distributed and holders will receive dividends. "

[poornamelessme]

Well those shares are on a first come first serve basis. They are awarded upon staking for 150 days, this needs to be updated in the document. If someone does drop out after those 150 days, they will maintain that share, and it will not be available again.

If the company does come to fruition, then the shares will be rewarded and holders will be paid dividends.

Good questions, I hadn't thought about this complication before.

When I was reading the paper, I wanted to make sure you weren't running into a 'Producers' situation -- giving more than 100% away of the company. Due to the 3rd tier being unlimited, in theory you could run into problems unless there was a limit on shares.  Or shares would need to be treated like rewards, changing person to person as someone drops out. But that would be a weird way to go in regard to company shares.

---

And still curious how you plan to stop folks from making multiple accounts after the first two tiers fill up?

[Aur3]

Well those shares are on a first come first serve basis. They are awarded upon staking for 150 days, this needs to be updated in the document. If someone does drop out after those 150 days, they will maintain that share, and it will not be available again.

If the company does come to fruition, then the shares will be rewarded and holders will be paid dividends.

Good questions, I hadn't thought about this complication before.

When I was reading the paper, I wanted to make sure you weren't running into a 'Producers' situation -- giving more than 100% away of the company. Due to the 3rd tier being unlimited, in theory you could run into problems unless there was a limit on shares.  Or shares would need to be treated like rewards, changing person to person as someone drops out. But that would be a weird way to go in regard to company shares.

---

And still curious how you plan to stop folks from making multiple accounts after the first two tiers fill up?

Why go for multiple accounts in 3rd tier when you could with higher amount (instead of many 3rd, you would be qualified for higher tier) go for 1st and 2nd which pays more.

[poornamelessme]

Why go for multiple accounts in 3rd tier when you could with higher amount (instead of many 3rd, you would be qualified for higher tier) go for 1st and 2nd which pays more.

The first two tiers are limited in spots. Once filled up, that's it, unless someone drops out. So at that point, someone in theory could instead go with a bunch of tier 3 spots which will be reasonably equivalent.

There is also an advantage in a way of going with multiple tier 3 vs tier 1/2, as if you need coins to trade/sell, you can just take them from one of your tier 3 accounts.  The remainder would still be in the loyalty program. If a tier 1/2 person does this, they are out of the program entirely.

[Aur3]

Why go for multiple accounts in 3rd tier when you could with higher amount (instead of many 3rd, you would be qualified for higher tier) go for 1st and 2nd which pays more.

The first two tiers are limited in spots. Once filled up, that's it, unless someone drops out. So at that point, someone in theory could instead go with a bunch of tier 3 spots which will be reasonably equivalent.

There is also an advantage in a way of going with multiple tier 3 vs tier 1/2, as if you need coins to trade/sell, you can just take them from one of your tier 3 accounts.  The remainder would still be in the loyalty program. If a tier 1/2 person does this, they are out of the program entirely.

So at the best it could be, to be qualified for tier, people should provide their btctalk username /write pm or etc, which would be then tied, no newbies accounts would be qualified. I mean, yes, there still could be a chance that someone has many accounts and could still get many 3rd tiers, but so as all those ICO IPO in this forum, where they in theory could made big portion in their advantage, at the moment I couldn't think of any other option that could limit those fakes multiple accounts.

[irlandescoin]

up up

[makemeapancake]

up up

and away

[xCryptoManiaX]

2700!!! Wow amazing price action

[eterna156]

I should sleep now, but Nice market movement. Also downloaded the new wallet. I like it.

[Sovanik]

I really do like the look of this coin, and the dev/dev team being on top of every single thing response-wise has been fantastic. You can feel the passion and drive emitting from them. Pretty rare in the crypto market.

[zythos]

Hi guys .

Bought some more after downloadind the awsome wallet.

Nice job Dev's

[Splatters]

Me too I bought some more @2500!
I see we can go over 3500 before the end of the day.

[DRPD]

Me too I bought some more @2500!
I see we can go over 3500 before the end of the day.

only 2 btc to 2988 -> 3 btc sell wall there

it would not surprise me if we will see some more fud if we break 3k 

[hero18688]

It looks like IE has finally did a good job this time.