[ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure

[burner2014]

Question:

1. Where will the coins be stored after ICO?

2. Who is managing the funds after the ICO?

3. Has every Coin the same Voting Rights for Decisions?

Thanks.

4. Moreover it would be cool to have a list of Coin Representatives (Main Dev of the Coins) so everyone could see there is POD!  (I know it but other people don't maybe..)

still there.

[Cassius]

Watching.
I haven't had a chance yet to read the whole thread, but what will BlockNET's privacy protocol be?

Another bump. Also, how will you invest in third-party services without using ITO funds? Presumably it will require a revenue-share model?

[synechist]

Question:

1. Where will the coins be stored after ICO?

2. Who is managing the funds after the ICO?

3. Has every Coin the same Voting Rights for Decisions?

Thanks.

4. Moreover it would be cool to have a list of Coin Representatives (Main Dev of the Coins) so everyone could see there is POD!  (I know it but other people don't maybe..)

still there.

This.

After the ITO, Blocknet tokens can initially be stored in a traditional wallet. Once the Blocknet's tech is ready, you'll be able to redeem tokens for NHZ assets instead.

Funds raised during the ITO will be stored in their respective wallets and publicly accounted for. We're also looking into escrow solutions - potentially a structured escrow that only releases funds once we reach milestones, or returns funds to buyers if we do not reach a milestone.

The Blocknet Foundation will manage the funds. (The Foundation will consist of a representative from each participating coin.)

Yes I see no reason for any coin to have less rights than another.

I like the Coin Representatives idea. Nice. We should organise that.

[synechist]

Watching.
I haven't had a chance yet to read the whole thread, but what will BlockNET's privacy protocol be?

Another bump. Also, how will you invest in third-party services without using ITO funds? Presumably it will require a revenue-share model?

The Blocknet's privacy protocol...

- The XBridge P2P protocol is based on XC's Xnode protocol, which is end-to-end encrypted and fully distributed.

- The consensus protocol will initially be PoS. Later on, when we cross over to NHZ assets and the Blocknet tech launches, there's a chance the Blocknet will be blockchain-agnostic. Decentralised exchange services can be multiple, and could rely on any blockchain they're built on. So, for example:

- Blocknet assets could depend on the NHZ blockchain

- Exchange between coins could depend on whatever blockchain the exchange service you use is built on

- The XBridge protocol simply ensures the security of the communication between nodes, and doesn't directly involve any one blockchain.



Investment in third party services using ITO funds? Sounds like there'll need to be a low risk:reward ratio for that to be worth it.

[adhitthana]

At CoinGateway all the other coins will be paired to BLOCK.

What is coingateway??
Is it different from a normal exchange?

Also how will the XC exchange rate be calculated?

[G-Bert]

At CoinGateway all the other coins will be paired to BLOCK.

What is coingateway??
Is it different from a normal exchange?

Also how will the XC exchange rate be calculated?

+1

How is this going to work through coingateway? (presuming you mean http://www.coingateway.net )

[GCab]

You can buy Blocknet tokens using any participating coin.

At Bter and Bittrex there will probably only be a BTC:BLOCK pairing.

At Poloniex there will probably be a BTC:BLOCK and NHZ:BLOCK pairing.

At CoinGateway all the other coins will be paired to BLOCK.

After the ITO, only BTC:BLOCK pairings will be available (because it makes no sense for participating coins to trade against the Blocknet when they function to give value to the Blocknet).

How do we buy then with the other participating coins?
Only possible at CoinGateway?

The price of BLOCK is fixed in BTC. But the price of all other participating coins are continously fluctuating against BTC. Furthermore different exchanges have different prices. So how do you determine the BLOCK price in other coins? Will you simply take the market price of each coin at the start date of the ITO and calculate with that? And then take the 10% off of that price?

Will the initial supply of BLOCKs be evenly distributed between the 4 exchanges?

[dan7777777]

Yes, it is somewhat of a headfuck. I wonder how long it will be before we can sell the tokens?

[mxxxxxx]

Don't think anything will change as long as the teams from the other coins stay silent. come on, let me meet there dev's & PR people.
The perception its an XC project is only enforced by the fact that i only see the XC team in here communicating

Not really , we are cooperating with XC Team each day , hop in to #fibre if you have any questions , we are there about 20 hours a day.

Visit our thread too - https://bitcointalk.org/index.php?topic=737771.0

You can find there PODs and all infromation about development , roadmaps, achievements , innovations and updates about what is going on behind the scenes

[McHammer]

blocknet supernet hypernet buymycoinnet

[Sons_of_Crypto]

blocknet supernet hypernet buymycoinnet

youcanttouchthiscoin?

[synechist]

At CoinGateway all the other coins will be paired to BLOCK.

What is coingateway??
Is it different from a normal exchange?

Also how will the XC exchange rate be calculated?

+1

How is this going to work through coingateway? (presuming you mean http://www.coingateway.net )

+2

Coingateway is wonderfully easy to use. You choose your input and output currency, enter your addresses, and you're done.

The tokens will arrive in your (temporary) Blocknet wallet (which is almost ready!).

[synechist]

You can buy Blocknet tokens using any participating coin.

At Bter and Bittrex there will probably only be a BTC:BLOCK pairing.

At Poloniex there will probably be a BTC:BLOCK and NHZ:BLOCK pairing.

At CoinGateway all the other coins will be paired to BLOCK.

After the ITO, only BTC:BLOCK pairings will be available (because it makes no sense for participating coins to trade against the Blocknet when they function to give value to the Blocknet).

How do we buy then with the other participating coins?
Only possible at CoinGateway?

The price of BLOCK is fixed in BTC. But the price of all other participating coins are continously fluctuating against BTC. Furthermore different exchanges have different prices. So how do you determine the BLOCK price in other coins? Will you simply take the market price of each coin at the start date of the ITO and calculate with that? And then take the 10% off of that price?

Will the initial supply of BLOCKs be evenly distributed between the 4 exchanges?

CoinGateway will handle the majority of coins.

The reason for this is that only BLOCK:BTC pairings will persist after the ITO. Exchanges won't be keen to add a pile of new pairings only to remove them shortly afterwards.

For pricing, we'll pick prices of Blocknet tokens at the start time of the ICO based on a recent average (exact algorithm TBD). Then we'll deduct 10%, and put up a sell wall there.

Any discrepancies in price between coins will be arbitraged by traders, and so the market will converge on a 10% discount no matter what coin you use.

[synechist]

Hi all

The FAQ under the OP has just been updated.

Thanks for all your excellent and probing questions! You're helping to carve out the Blocknet in important ways.

Keep the constructive criticism coming...

Synechist


https://bitcointalk.org/index.php?topic=829576.msg9269808#msg9269808

[mxxxxxx]

Hi all

The FAQ under the OP has just been updated.

Thanks for all your excellent and probing questions! You're helping to carve out the Blocknet in important ways.

Keep the constructive criticism coming...

Synechist


https://bitcointalk.org/index.php?topic=829576.msg9269808#msg9269808

Great summary , thank you synechist

[synechist]

Coverage of the Blocknet in Altcoin Speculation!

http://altcoinspeculation.com/the-blocknet-how-it-works/

[Cassius]

This might help clear up another couple of misunderstandings about comparisons:
SuperNET Newsletter #4
http://nxter.org/supernet-newsletter-4/

Also, BBR, VRC and BITS are core SuperNET coins (to the extent that BITS can be).

[butany]

Another SuperNet and Atomic!  Shit!

[ib88]

When does the ITO end?

[cloudboy]

Wow! Distributed file storage!

It's not like any other crypto networks already have that working!

https://forum.thesupernet.org/index.php?topic=196.0
https://github.com/jl777/btcd/blob/master/libjl777/api.h#L539