[ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency

[Ferdo]

CloakCoin Community Announcement: Vote for CLOAK to be listed on CryptalDash.com Exchange.

CloakCoin has been featured in the New Coin Listing Competition, this is your chance to grow the market cap and liquidity pool of CloakCoin.

Support your coin by voting now, voting ends in 10 days.(CloakCoin is currently in last place with 0 votes)

https://www.cryptaldash.com/new-coin-listing

Quit spamming all the threads. Seen this post today at least 10 rimes

[Nathan047]

[...]

Quit spamming all the threads. Seen this post today at least 10 rimes

Same here, all with negative feedback. Guess the "ignore" button exists for a reason...

[tranthidung]

You only get rewarded when your coins find a block. Cloak is a pos coin and depends on open wallets. If you have a low amount of cloak you can expect to find ablock (stake/kint) after a few days or even weeks. You will get the reward but you cannot say when your coins will stake. Just to have an idea how long you might have to wait: 1000 CLOAK with an age of several days might stake within 5-10h after syncing the wallet. 100 Cloak might take a day or more when the wallet is synced. I hope this clarifies the staking process a bit.

As long as u do not move your coins they gain coin age and when your coins stake you get the reward for that age e.g. you waited 365 days with 100 cloak and then they stake you get 6 cloak (6%) if they stake after 1 month you get 1/12 of 6 Cloak => 0.5 Cloak.

I read your threads repeatedly. Something I do not really understand and hope you can explain a little bit.
1. Does it mean staking rewards will depend on staking weight, which in turn depend upon total number of coins in the wallet?
2. Does required time needed before wallet activated to stake also depends on total number of coins in the wallet?

Thanks for your help in advance.

[yogibaer]

You only get rewarded when your coins find a block. Cloak is a pos coin and depends on open wallets. If you have a low amount of cloak you can expect to find ablock (stake/kint) after a few days or even weeks. You will get the reward but you cannot say when your coins will stake. Just to have an idea how long you might have to wait: 1000 CLOAK with an age of several days might stake within 5-10h after syncing the wallet. 100 Cloak might take a day or more when the wallet is synced. I hope this clarifies the staking process a bit.

As long as u do not move your coins they gain coin age and when your coins stake you get the reward for that age e.g. you waited 365 days with 100 cloak and then they stake you get 6 cloak (6%) if they stake after 1 month you get 1/12 of 6 Cloak => 0.5 Cloak.

I read your threads repeatedly. Something I do not really understand and hope you can explain a little bit.
1. Does it mean staking rewards will depend on staking weight, which in turn depend upon total number of coins in the wallet?
2. Does required time needed before wallet activated to stake also depends on total number of coins in the wallet?

Thanks for your help in advance.

first of all staking (minting) means not just getting a reward, the reward is paid when you find a block and secure the blockchain by doing this. For this you provid the balance of your coins in the wallet to the network.

You can get max. 6% of your balance per year in staking rewards. e.g. you hold 100 cloak you can expect 6 cloak rewards after 1 year. This doesn t matter whether you stake 24/7 or you you stake these 100 cloak after 1 year. What counts is the coin age which increases as long as the coins are not moved or staked. When you stake 24/7 you will get many small amounts.

basically oyu only need 1 cloak but a good amount to start with is 100 cloak

The more cloak youhold the more you stake but you never get more tahn 6% of the balance you hold / year. That's simple %-maths then.

[bct_ail]

[...]

Quit spamming all the threads. Seen this post today at least 10 rimes

Same here, all with negative feedback. Guess the "ignore" button exists for a reason...

.... and the "Report to moderator" function.
There are a lot of bots around here in the last days

[tradercouch]

Cloak still alive? many weeks gone even not any 1 update from developer that what is going on??? just price going down after pump and then dump just this happening and nothing more reality

[Kingoamn]

Hi Cloak team,

I have a few questions I’m gonna put out here on the thread instead of the two chat channels where most people probably not gonna see them and the answers.

First of all, when you announced that Cloak applied for Binance, why didn’t you also say it could take up to 3 month?
– In my world it is a bit misleading, without actually misleading people, by just keep such info not told. Could be nice to show more openness so to speech. Or maybe it is just me…..

A few month ago the ENIGMA got uploaded and later on the live version got released. From my understanding, the team is still have some small issues/improvements to make on it before moving on to other things on the roadmap. Can you tell a little more about which things we are talking about and when this can expect to be done? (roughly)

The dev fund, I guess, is the next thing to be developed after the above – Have the team found a solution to this, in this case – Which? And when should be expect start/finish of this (Q2/Q3?)

We were also told about article here in march for a big German newspaper?
An article for one Hong Kong?

Is the website finish with its ‘’make-over’’ or does it have a long way to go? – Any expected finish?

And last (but not least for US ‘’the community’’) a blog from the Cloak team to keep us updated, when will this come so anyone actually can keep her/himself updated without keep reading ALL posts in this tread?

Also – We were told you guys were in contact with ‘’known crypto enthusiast with reputable name to help promote Cloak’’ – Who or have ‘’they’’ already promoted (Jsnip4?) and is this the same person as we got info about a crypto vlogger?

The partnership with an journalist/blogger - Is this Nee Maria Palipea or someone we don't know yet?

Raspberry PI - When will we see a compiled version and video guide for this?


I think we are a lot who are looking forward to the answers.

Thanks !

[lasvegas83]

Despite your questions we had planned to post a status report on Monday.
These are fully justified questions, which we are happy to answer to the best!

Have a nice weekend

[Guardsman]

My weight should bring a reward every 19 hours on average.

This is how much you need to have coins to get a bet every day? Share calculations!

[yogibaer]

My weight should bring a reward every 19 hours on average.

This is how much you need to have coins to get a bet every day? Share calculations!

"about staking: In the whitepaper there is a good explanation of what to expect from staking and how often one will stake. If someone holds 1% of all CLOAK this one would likly stake 1% of all blocks. We have 1440 block /d (1 min block time) 1% of that is 14x staking on avg. if someone holds a few hundred cloak they will stake likly less blocks daily."

This is an estimate how many times you can expect staking rewards when you have x amount of coins. Current supply is 5.1 Million CLOAK
you can estimate easily how many % of that supply you hold and we have 1440 block / day (blocktime 1 minute)

[Jantapw]

We wonder if the wallet upon livecoin will certainly ever become enabled once again. I'm truly interested in the actual project as well as bought a few CloakCoins

[cloakteam]

Dear CLOAK Community,

it's been a while since we posted a bigger status update of everything around the CLOAK Project but as usual we are working hard behind the scenes!

Exchanges:

Everyone is asking us when CLOAK will finally get listed on Binance.
Unfortunately we can't say more then to show you that we have applied.
Read more here: https://bit.ly/2GvOCJE
When you think positive, positive things will happen!
Things are shaping up well and we still need a little patience.
Even though we have other good news for you!

Media:

We are pleased to inform you that a CLOAK article was published in the "Handelsblatt - Trend Report" today.
Handelsblatt is a leading German business newspaper, which aim to reach an international audience interested in business and finance with over 450k daily readers!
Tweet: https://bit.ly/2IRwb0p

Website:

In general, the website is well structured and all information about CLOAK are available and updated. Nevertheless, we decided to upgrade the website! Our web developer is converting the existing website to a user-friendly CMS.
In this way we will have much more improvements to present latest updates, events, news, press releases, videos and much more in different languages on the CLOAK website.
That will make things easier, especially for newcomers!

Exhibition:

The biggest event for Team Cloak is on the 5th to 6th April in Berlin, our first public appearance at an exhibition!
We are also an official sponsor of the C3 Crypto-Conference and very glad to welcome you at our stand.
Much of the planning is almost done. We will represent CLOAK with a lot of merchandise articles and a strong team.
Tickets and information: https://bit.ly/2GsdnGx

Promotion & Advisors:

Apart from the current situation in the crypto market our promotional agreements keep running.

Nele Maria Palipea is writing our topic-related articles and supports us with managing and building up the Chinese community. The next article is already finished and will be published very soon.

Tom Gridland on the other side helps us promoting CLOAK by establishing the contacts to the media in various industries for interviews and the presentation of CLOAK. Tom is focusing on the cannabis and adult entertainment industry at the moment. He also tries to increase the acceptance of CLOAK in different payment platforms and online stores.

The partnership with Arcane Bear starts to blossom and we are happy to have the opportunity to work with such inspiring individuals. Tijo is currently on a world trip and shares his vision about cryptocurrencies and blockchain technology all over the world. CLOAK is of course also a part of his vision! Good things are coming!

We are also happy to announce that Jsnip4 is a strong CLOAK supporter. Our main developer Deepend and Jsnip4 had a very interesting and extensive interview with John B. Wells at the Caravan to Midnight show about CloakCoin and cryptocurrencies.
Watch here: https://bit.ly/2usNIcb

Development:

We are pleased to announce a release in the next coming days that will include the enhancement of encrypted wallets. We are expecting another release with additional enhancements within the next 2 weeks. Then our team will be focused on the dev fund.
Once the dev fund is complete, we are hoping to bring new developers in our team in order to fulfill the LTC port during the 2nd, beginning of 3rd quarter.

Meanwhile, the development of the raspberry pi wallet has been paused.
The dev fund has the highest priority and needs to be implemented as soon as possible.
We are in the process of finding a solution! Maybe a former raspberry developer of the Cloak team is able to help us.
We already contacted him and waiting now for response.
We will keep you updated!

It is a very exciting time for Cloak!

Stay CLOAKSTRONG!

Peace & Love

Team Cloak

[Sidi25]

We were also told about article here in march for a big German newspaper?
An article for one Hong Kong?

As you have seen already, the interview with the german newspaper is out. I still wait for an official release day from Ming Pao Weekly. They have mentioned the article will be published end of March. I hope it will happen the next upcoming days.

[Ferdo]

Nice to see many good things coming. I'm glad that the devs fund is the highest priority.
2018 will be the year Cloak gets so much deserved attention.

Keep up the good work

[Kingoamn]

Thank you guys for the update and answers on the questions, I think we are many who appreciate this.

Really nice to see an article in a big ''in real life'' media to bring more attention to the project. That for me, really shows that this project is also starting to be taken serious in the real world and for me that just got an extra check mark for Cloak.
- Unfortunately it was written in German, but looking forward to see the english version though

The website is gonna be upgraded, any timings for that? - To be honest. I'm only looking forward to the blog implementation/news so I can easily stay updated without going through a lot of channels and posts, and hopefully getting more frequently updates from the team in an easy way to communicate.

The crypto conference in Berlin is gonna be really exciting to see how much attention you guys are gonna have, and if any partnerships might come out of this event. Hope we are getting an positive update afterwards

Tom Gridland is trying to get Cloak accepted on online stores and in different industries. Can you say anything about how far you guys are with this partnerships. Are some at a point where they will accept Cloak or is it still at a meeting phase?
- How are they looking at Cloak at the moment with so small volume, so if they actually accepted Cloak they might devalue their own wealth by selling to realize their income?
- And what are they thinking about the project is still a good half year or more to implement LTC codebase. Are they a bit retaining because they don't know how that will role out, since the new codebase still needs a test phase, audit etc etc that might cause problems and security problems for anyone using in the future, and therefor delay the hole implementation?


Looking forward to see the article from Ming Pao, and it is also really nice to hear you guys have Nele Marie Palipea helping with the chinese community, she writes really nice and knowledge generating material !



And ofc - A few month ago a member from the team had a meeting with a few devs from IOTA, and we could hear the outcome but was up to the rest of the team. So what was the outcome?

[Toninho]

Hi,the wallet has a bug, it turns off after a few hours I had to go back to the previous version, I use windows 10 64 bit, does anyone have the same problem?
Already repaired?

[Kingoamn]

Hi,the wallet has a bug, it turns off after a few hours I had to go back to the previous version, I use windows 10 64 bit, does anyone have the same problem?
Already repaired?

With wallet problems it might be easier for you to visit www.chat.cloakcoin.com and join #wallet channel for these issues.

[yogibaer]

Hi,the wallet has a bug, it turns off after a few hours I had to go back to the previous version, I use windows 10 64 bit, does anyone have the same problem?
Already repaired?

How much ram do u have?

[graysoon]

I believed with all the current news we might be a minimum of on 30-50$. Hope that this market should go green once more in April

[Kingoamn]

I am also wondering about the future for Cloak, after the dev fund.

If we make a conservative estimation with 2,5 mio Cloakcoins staking and giving 1% to the fund with and average price on $20. That gives $500.000 in passive income for the first year.
 
That may sound like a lot of money, but ofc no team will ever say they can have enough money And this can also go up exponentially with the price increasing just a bit.

- But what I really just am trying to ask is - How are you guys planning to use the money? What are the cost of a dev working full time? Is Deepend even working full time at the moment?
- How are the rest of the team looking at it if ''only'' the devs are gonna be paid for their work since they are the last one joining the project, but the first one to feel it on their bank account?

So basically just wont to know in as much detail as possible how the plan for the money spending is looking !


AND when the Cloakcoin has established the fund, converted to the LTC codebase, made wallets online and on the different mobilephones, ofc this is not before 2019 if everythings goes smooth. What is the dev funds money then gonna be used for? - I know you guys probably are gonna say developing, but when I look at Cloak and where it has it focused it is very small - Privacy transactions. If all the above is developed and the products is working, then what? Are you guys then gonna go outside your box as privacy transactions and now focus on other things aswell or?