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dminer69 (OP)
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September 26, 2014, 11:40:15 AM |
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dminer69 (OP)
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September 26, 2014, 01:23:37 PM |
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waiting the get an answer from bittrex so we could set a date for the swap or we will move to a manual swap this weekend.
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burritoboy9984
Newbie
 Offline
Activity: 44
Merit: 0
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September 26, 2014, 01:56:50 PM |
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Including POS, is there a cap on the total number of coins?
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dminer69 (OP)
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September 26, 2014, 02:04:40 PM
Last edit: September 26, 2014, 07:49:05 PM by dminer69 |
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Including POS, is there a cap on the total number of coins?
yes under 900k, on a 4 year term. pos is like this year 1 pos 35% 776,250 total, year 2 pos 10% 853,875 , year 3 pos 4% 888,030 , year 4 896,910 pos 1% |
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child_harold
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September 26, 2014, 08:10:19 PM |
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waiting the get an answer from bittrex so we could set a date for the swap or we will move to a manual swap this weekend.
Come on Bittrex! Suit Up! |
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HoldTheLine
Member
Offline
Activity: 112
Merit: 10
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September 26, 2014, 08:53:59 PM |
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Including POS, is there a cap on the total number of coins?
yes under 900k, on a 4 year term. pos is like this year 1 pos 35% 776,250 total, year 2 pos 10% 853,875 , year 3 pos 4% 888,030 , year 4 896,910 pos 1% Important to note that there will never be as many coins as that - they are theoretical maximums. In reality most people will not be staking their coins as they will be too busy trading them. I doubt more than 20% of all coins out there will be staking at any given time - that is GOOD for the price folks  |
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dminer69 (OP)
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September 26, 2014, 09:03:10 PM |
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Bittrex replayed, waiting for a time frame to begin with the swap.
ill keep you guys posted.
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Cryptock
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September 27, 2014, 07:03:08 AM |
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Bittrex replayed, waiting for a time frame to begin with the swap.
ill keep you guys posted.
The coins in my wallet at bittrex will be automatically swapped into 2.0 ? |
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HoldTheLine
Member
Offline
Activity: 112
Merit: 10
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September 27, 2014, 08:21:22 AM |
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Bittrex replayed, waiting for a time frame to begin with the swap.
ill keep you guys posted.
The coins in my wallet at bittrex will be automatically swapped into 2.0 ? No. What will most likely happen is a CLD2 (or equivalent) market will be created with a pairing to CLD. There will be a 1.15 Million Sell Wall for CLD2 at a price of 2 CLD to 1 CLD2. You will then 'buy' into the sell wall with whatever CLD you get from the CLD/BTC market. The reason it must work this way is that it will have the effect of raising the price of CLD. Lets say there are 100,000 CLD on offer under 50,000 Satoshi. If you want to use the Xcloud services or have a functioning coin you must buy CLD2. Let's then say that I go and buy up 100,000 CLD and no one is willing to sell CLD under 50,000 anymore. You will then have to pay more and more to get your hands on CLD in order to swap that for CLD2 at a 2 to 1 ratio. So if say 500,000 CLD are purchased and the price is up to 100,000 Satoshi then CLD2 is simply worth 200,000 Satoshi - but you cannot have a CLD2/BTC market up untill all CLD is swapped (or near enough all) as it would throw out the ratio and cause the coins to be worth less than they are now. Essentially - buy CLD now if you want any part of the XCloud future. Once CLD shoots up 3 or 400% you might find yourself in a posiiton where no matter what you do you will never have the opportunity to hold as many CLD as you can hold now - Once the price goes up past a certain point it will establish a floor well above where we are now making it a lose-lose to wait. Good luck! |
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dminer69 (OP)
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September 27, 2014, 12:12:17 PM |
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Good morning guys, sending over to bittrex info with the new source and explorer.
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Bourbon44
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September 28, 2014, 02:08:34 AM |
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Any updates on the specifics of when the exchange from CLD to CLD 2.0 will take place?
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Halofire
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September 28, 2014, 02:18:15 AM |
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I want to know what will happen once bittrex tries to delist CLD2 from lack of volume because everyones staking....
I hate bittrex for this reason.
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OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt
SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu
Friendly reminder: Back up your wallet.dat files!!
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HoldTheLine
Member
Offline
Activity: 112
Merit: 10
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September 28, 2014, 04:06:54 AM |
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I want to know what will happen once bittrex tries to delist CLD2 from lack of volume because everyones staking....
I hate bittrex for this reason.
Won't happen. Bittrex delists when a coin has less than .10 over the previous 7 days. Besides, only about 20% of coins will be staking at any given time - the rest will be traded. |
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goodge
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September 28, 2014, 04:36:27 AM |
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Get ready guys, Cld 2.0 is ready, im going to go ahead and contact bittrex to see if they are able to do the swap or we could do it manually.
XCLD 575k TOTAL COINS 35% POS Annually.
Any different from the V1.0? |
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dminer69 (OP)
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September 28, 2014, 05:01:48 AM
Last edit: September 28, 2014, 05:57:29 AM by dminer69 |
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Get ready guys, Cld 2.0 is ready, im going to go ahead and contact bittrex to see if they are able to do the swap or we could do it manually.
XCLD 575k TOTAL COINS 35% POS Annually.
Any different from the V1.0? what do you mean any different have you looked at the new wallet??? |
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dminer69 (OP)
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September 28, 2014, 05:20:27 AM |
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Please everyone start sending your coins to bittrex
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Halofire
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September 28, 2014, 06:13:55 AM |
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I want to know what will happen once bittrex tries to delist CLD2 from lack of volume because everyones staking....
I hate bittrex for this reason.
Won't happen. Bittrex delists when a coin has less than .10 over the previous 7 days. Besides, only about 20% of coins will be staking at any given time - the rest will be traded. It needs .7 btc for one day for the last 7 days, or .1 btc everyday for 7 days. |
OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt
SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu
Friendly reminder: Back up your wallet.dat files!!
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dminer69 (OP)
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September 28, 2014, 06:31:13 AM |
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I want to know what will happen once bittrex tries to delist CLD2 from lack of volume because everyones staking....
I hate bittrex for this reason.
Won't happen. Bittrex delists when a coin has less than .10 over the previous 7 days. Besides, only about 20% of coins will be staking at any given time - the rest will be traded. It needs .7 btc for one day for the last 7 days, or .1 btc everyday for 7 days. we will make that and more, im sure more markets will be willing to pick you cld for trading. |
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HoldTheLine
Member
Offline
Activity: 112
Merit: 10
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September 28, 2014, 10:13:48 AM |
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I want to know what will happen once bittrex tries to delist CLD2 from lack of volume because everyones staking....
I hate bittrex for this reason.
Won't happen. Bittrex delists when a coin has less than .10 over the previous 7 days. Besides, only about 20% of coins will be staking at any given time - the rest will be traded. It needs .7 btc for one day for the last 7 days, or .1 btc everyday for 7 days. we will make that and more, im sure more markets will be willing to pick you cld for trading. What's happening now? |
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dminer69 (OP)
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September 28, 2014, 01:38:55 PM |
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I want to know what will happen once bittrex tries to delist CLD2 from lack of volume because everyones staking....
I hate bittrex for this reason.
Won't happen. Bittrex delists when a coin has less than .10 over the previous 7 days. Besides, only about 20% of coins will be staking at any given time - the rest will be traded. It needs .7 btc for one day for the last 7 days, or .1 btc everyday for 7 days. we will make that and more, im sure more markets will be willing to pick you cld for trading. What's happening now? im guessing he wants to know what would happen in the worst case scenario, we have to keep it positive guys! please dont forget to send your coins to bittrex! |
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