[ANN] Glow | X13 POS

[GlowCoin]

Hi everyone. I've used this code to generate a burn address for Glowcoin. https://gist.github.com/Earlz/9930890e1220cb7700e1

Can someone please send a very small amount of coins to B4T5ciTCkWauSqVAcVKy88ofjcSasUkSYU ? (note, they are not returnable, so only send a very small amount)

Thanks Earlz, I sent 1 Glow for testing 

[GlowCoin]

As I said before, I had a meeting with my colleques tonight about a Profit-share plan regarding the GlowShop.

We have agreed that the top 50 GlowHolders will receive shares. More information regarding the Profit-share plan will be announced tomorrow.


I have updated the OP with our mini business model canvas, I hope it gives you a clear view on our business goals

Full canvas will be posted tomorrow at the same time as the profit-share plan



EDIT:

We have been added on Allcrypt.com   Updated OP

[GlowCoin]

I just destroyed a part of the premine  

Status: 0/unconfirmed, broadcast through 10 nodes
Date: 16-10-2014 05:17
To: B4T5ciTCkWauSqVAcVKy88ofjcSasUkSYU
Debit: -67892.75841141 GLOW
Transaction fee: -0.0001 GLOW
Net amount: -67892.75851141 GLOW
Transaction ID: 429d486e39921b0f5dce8b5905afeed4332605aad2d8a5beb244ab2bbb69479a

As you can look up in the blockexplorer, the transaction says destroyed  

This will leave us with a total of 35K for future developments and bounties



Thank you Earlz for helping me with this, I sent you 5000GLOW for all you effort  




Time for some sleep now

Cheers

[baxto]

Need some more glow gotta make top 50

[earlz]

I just destroyed a part of the premine  

Status: 0/unconfirmed, broadcast through 10 nodes
Date: 16-10-2014 05:17
To: B4T5ciTCkWauSqVAcVKy88ofjcSasUkSYU
Debit: -67892.75841141 GLOW
Transaction fee: -0.0001 GLOW
Net amount: -67892.75851141 GLOW
Transaction ID: 429d486e39921b0f5dce8b5905afeed4332605aad2d8a5beb244ab2bbb69479a

As you can look up in the blockexplorer, the transaction says destroyed  

This will leave us with a total of 35K for future developments and bounties



Thank you Earlz for helping me with this, I sent you 5000GLOW for all you effort  




Time for some sleep now

Cheers

Thanks for the tip. Also, if anyoen has any questions as to how the burn address was generated and how you can verify that it's burned, please ask away or PM me

[andrepierre]

Good news that some of the pre mine was destroyed, Glow only up from here.

[ciprian220]

how much coins is?

[GlowCoin]

I like to present our Glow Profit-share plan.

As you can see it works really simple

The first period will start at November 1st

https://i.imgur.com/PE3GLMe.png

[metallikingz]

I like to present our Glow Profit-share plan.

As you can see it works really simple

The first period will start at November 1st

Nice work dev.

[GlowCoin]

how much coins is?

We currently have a total coin cap of 1763505.37139881 Glow

This gives us a current market cap of around ~15-16 btc

[cryptoholic11]

Great work so far, dev. I like the profit share idea however can we confirm that these large holders wont just dump the rewarded coins they get?

Will the glow shop only allow us to buy items that you (the dev team) are selling, or can the investors and traders sell items also?

I noticed that you had a small road map of about 4-5 features that included glowsend and a few other features. Are you guys working on a revamped version, will we see the come back of the road map?

Thanks.

[GlowCoin]

Great work so far, dev. I like the profit share idea however can we confirm that these large holders wont just dump the rewarded coins they get?

Will the glow shop only allow us to buy items that you (the dev team) are selling, or can the investors and traders sell items also?

I noticed that you had a small road map of about 4-5 features that included glowsend and a few other features. Are you guys working on a revamped version, will we see the come back of the road map?

Thanks.

Thank you for asking,

We believe people in the top 50, want to secure their spot for the longterm (at least we hope), So selling your glow will eventually kick you out of the list since other people are buying  

In the beginning it will mainly be a Shop runned by us, We will do the product selection. There will be way more then the 4 test products of course ;)We are open for suggestion of course  


The roadmap will be back,
I am currently working with another dev on the timeshift issue Earlz pointed out, although it isnt a critical issue, I believe this cant be ignored, an update regarding this issue needs testing. Since we dont want a fork to happen   But by the looks of it, we need new nodes and exclude the old wallets, so the update will be mandatory 

The previously announced inwallet trading and block explorer will be added and released when the fix is finished

Glowsend is relating to our Android app  

We dropped Proof of Glow for now, since it is a very time consuming proces to code such a staking rythm. That is why we brought you the Profit-share plan for compensation.
I will not drop the Proof of Glow though, it is just paused atm

[GlowCoin]

Business model updated.

https://i.imgur.com/t92CMeq.png


Tomorrow new products will be added to the store for preview, stay tuned

[cryptoholic11]

this sounds good. The only suggestion I have atm is that top 50 holders seem like way too many holders. Perhaps you can have a tier system where the higher the tier the more rewards? Something like this just as an example:

Tier 1. Top 5
Teir 2. Top 6-10
Teir 3. Top 11-20
Teir 4. Top 21-50

[GlowCoin]

this sounds good. The only suggestion I have atm is that top 50 holders seem like way too many holders. Perhaps you can have a tier system where the higher the tier the more rewards? Something like this just as an example:

Tier 1. Top 5
Teir 2. Top 6-10
Teir 3. Top 11-20
Teir 4. Top 21-50

Thank you for your suggestion, I will discuss this with my colleques.

The reason we want 50 "shareholders" is because do not want a handfull of people who will get rewarded We like to spread some warmth in this cold cryptocurrency world

Let them Glow people!

[barryzand]

Nice business model

It looks like glow is a little bit snowed in between all the drugs coins. But the market seems to hold itself pretty good. I dont see much dumping at the moment


Im gonna buy some more at these prices......... the marketcap is insanely low in my opinion

[loges]

Nice business model

It looks like glow is a little bit snowed in between all the drugs coins. But the market seems to hold itself pretty good. I dont see much dumping at the moment


Im gonna buy some more at these prices......... the marketcap is insanely low in my opinion

Total market volume is still very low and yes the drug coins are doing well right now, it's ridiculous I know. It will pass. Have patience.

[barryzand]

Nice business model

It looks like glow is a little bit snowed in between all the drugs coins. But the market seems to hold itself pretty good. I dont see much dumping at the moment


Im gonna buy some more at these prices......... the marketcap is insanely low in my opinion

Total market volume is still very low and yes the drug coins are doing well right now, it's ridiculous I know. It will pass. Have patience.

Oh yeah I know man. I am just looking ahead on the rest for the next big train

[GlowCoin]

We believe in our plan.

We think the drugscoins hype is only temporary.


And people will tend to glow when the time is right


Stupid thing is, We made a deal ~8 days ago with a hemp seed reseller. Offering autoflower feminized seeds, and small growtents. Instead of the other coins selling weed, we wouldnt have any trouble shipping to 80% of all countrys with our seeds and tents But adding them to the shop now would be hyperiding all of a sudden 

How do you guys feel about this?

Cheers

[barryzand]

We believe in our plan.

We think the drugscoins hype is only temporary.


And people will tend to glow when the time is right


Stupid thing is, We made a deal ~8 days ago with a hemp seed reseller. Offering autoflower feminized seeds, and small growtents. Instead of the other coins selling weed, we wouldnt have any trouble shipping to 80% of all countrys with our seeds and tents But adding them to the shop now would be hyperiding all of a sudden 

How do you guys feel about this?

Cheers

Damn man.... I will buy a tent... hell yeah  I could use a second one 

But I understand your concerns about this but not adding something too the store because other coins are doing the same thing is even worse I think.


It maybe seems like "hyperiding".... but it can be a Glowing welcome for some more volume right now