[ANN] SMLY- smileycoin - for rewards in education

[gstefans]

This coin is quite interesting, I will wait for the next announcement, of course with more detailed information, about mining and swimming pool, does this coin hold a bounty or signature campaign? Looking forward to answer and thank you so much!

You'll find this on the opening page :-)

[sdjkhxz8977777]

Is the roadmap updated? Check also the team members if they really exist. Join forums and telegram to know the sentiments of others regarding the project. And remember, never invest what you can't afford to loose.

[gstefans]

Is the roadmap updated? Check also the team members if they really exist. Join forums and telegram to know the sentiments of others regarding the project. And remember, never invest what you can't afford to loose.

You will find all links on the original post of this thread.

[trisdivergent1201]

Who are the teams in this project ? is there any bounty in this project besides social media ?

[gstefans]

Who are the teams in this project ? is there any bounty in this project besides social media ?

You will find all links on the original post of this thread including POD.

Not sure what you mean by bounty on social media.

[gstefans]

We need your feedback on an idea...

You all know that there is a fundamental problem with a coin having a large premine - as the SMLY does. The problem is one of trust: Why would anyone trust those who hold the key(s) to the premine? This kind of trust is a bit of a contradiction to the basic POW&blockchain methodology, which is inherently trustless.

An idea was put forward today, which may alleviate this:

We can transfer the entire premine into a formal fund with an oversight committee (council/board/whatever). This board will operate under a specific set of rules, similar to the rules laid out on smileyco.in but more specific and a bit more like legalese. The board will transfer funds to the tutor-web wallet or other targets, in accordance with the rules and will do this by using the multi-signature features in the wallet. So if the board has 5 members, it will require at least 3 signatures to release funds.

The premine as such will cease to exist. Instead there will be a SMLY educational fund governed by a board.

[dgmon]

We need your feedback on an idea...

You all know that there is a fundamental problem with a coin having a large premine - as the SMLY does. The problem is one of trust: Why would anyone trust those who hold the key(s) to the premine? This kind of trust is a bit of a contradiction to the basic POW&blockchain methodology, which is inherently trustless.

An idea was put forward today, which may alleviate this:

We can transfer the entire premine into a formal fund with an oversight committee (council/board/whatever). This board will operate under a specific set of rules, similar to the rules laid out on smileyco.in but more specific and a bit more like legalese. The board will transfer funds to the tutor-web wallet or other targets, in accordance with the rules and will do this by using the multi-signature features in the wallet. So if the board has 5 members, it will require at least 3 signatures to release funds.

The premine as such will cease to exist. Instead there will be a SMLY educational fund governed by a board.

Sounds like a decent idea, but please consider a fund to pay for development.  Exchanges want there to always be a developer that they can speak to.

[gstefans]

We need your feedback on an idea...

You all know that there is a fundamental problem with a coin having a large premine - as the SMLY does. The problem is one of trust: Why would anyone trust those who hold the key(s) to the premine? This kind of trust is a bit of a contradiction to the basic POW&blockchain methodology, which is inherently trustless.

An idea was put forward today, which may alleviate this:

We can transfer the entire premine into a formal fund with an oversight committee (council/board/whatever). This board will operate under a specific set of rules, similar to the rules laid out on smileyco.in but more specific and a bit more like legalese. The board will transfer funds to the tutor-web wallet or other targets, in accordance with the rules and will do this by using the multi-signature features in the wallet. So if the board has 5 members, it will require at least 3 signatures to release funds.

The premine as such will cease to exist. Instead there will be a SMLY educational fund governed by a board.

Sounds like a decent idea, but please consider a fund to pay for development.  Exchanges want there to always be a developer that they can speak to.

How about just having the rules include a clause where a specific percentage of the fund can be used for development?

This is already in the rules guiding the premine.

Of course we could also split this into two distinct funds, e.g. based on the split to date or some specified percentage. I'm not convinced we'd gain much though.

[dgmon]

Sounds like a decent idea, but please consider a fund to pay for development.  Exchanges want there to always be a developer that they can speak to.

How about just having the rules include a clause where a specific percentage of the fund can be used for development?

This is already in the rules guiding the premine.

Of course we could also split this into two distinct funds, e.g. based on the split to date or some specified percentage. I'm not convinced we'd gain much though.

Ah OK, sounds like it's already sorted then 

[SDP_Laf]

It seems that since the de-listing from C-CEX no trading in Smileycoin is taking place what so ever.
The two other exchanges which are supported by Blockfolio, Novaexchange and Trade Satoshi both show no or very little SMLY volume for multiple days now.
Where does the coin move next? How do we get more trading volume?

Furthermore, now Smileycoin has been de-listed from C-CEX, it will probably also be de-listed from Coinmarketcap. I think that this may pose a potential treat for the popularity and therefore trading volume of SMLY, as this will drastically decrease its visibility. Does anyone has any suggestions on how to stay on CMC? Does the dev team take any actions concidering this situation? Are they going to apply for listings on larger exchanges?

[gstefans]

It seems that since the de-listing from C-CEX no trading in Smileycoin is taking place what so ever.
The two other exchanges which are supported by Blockfolio, Novaexchange and Trade Satoshi both show no or very little SMLY volume for multiple days now.
Where does the coin move next? How do we get more trading volume?

Furthermore, now Smileycoin has been de-listed from C-CEX, it will probably also be de-listed from Coinmarketcap. I think that this may pose a potential treat for the popularity and therefore trading volume of SMLY, as this will drastically decrease its visibility. Does anyone has any suggestions on how to stay on CMC? Does the dev team take any actions concidering this situation? Are they going to apply for listings on larger exchanges?

Blockfolio is an exhange with SMLY?

SMLY is listed on tradesatoshi, southxchange and cryptohub.

Check out the telegram group: https://t.me/joinchat/Eo_H1hD-xrvrHXtRY7OrIw

The dev team can't really do much about volume except work generally on increasing awareness, interest and getting more investors. All of that is ongoing.

You can help us by simply trading a bit on the exchanges -- and not just putting coins for sale at 1 Satoshi... If there is only interest in dumping the coin then trades will move to DOGE, WAVE and LTC markets at lower prices as has happened in the past. It's not what anyone wants, but it's inevitable if there is a continued sell-off.

There is very little else that the dev group can do in the short term. See the telegram group for more info on what is going on.

[asdn192zhhhh]

Well I really, really like the logo for this coin.

[WolfTronCoin]

good shit of altcoin, never ade rise in life as they want it to ditch if neither pool exists fonix ....

[gstefans]

good shit of altcoin, never ade rise in life as they want it to ditch if neither pool exists fonix ....

If anyone understood that please explain to the rest of us.

[TUNCHE1970]

good shit of altcoin, never ade rise in life as they want it to ditch if neither pool exists fonix ....

If anyone understood that please explain to the rest of us.

   



Creo que quizo decir que esta es una burda moneda que nunca sube de precio y no sirve....

[hoangly0450]

Well, I really, really like the logo for this coin.

[oaihuong466]

the folks at cryptopia are trying to figure out what the problem is.

[gstefans]

the folks at cryptopia are trying to figure out what the problem is.

yeah, right: it's been more than a year 

[WolfTronCoin]

pool???

[Alecia-Con]

Hi, all.
I rely that the idea will satisfy all that has been planned! Classy logo, credible activity.