erwin45
Member
 Offline
Activity: 70
Merit: 10
★Bitin.io★ - Instant Exchange
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November 25, 2014, 08:20:36 PM |
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Dev what price will the shop accept GROW tokens at? Will it be exchange rate, or is there a peg?
Exchange rate. A fixed price will not work, I'm almost better of giving stuff away for free then  This also means smart trading/mining can give you very cheap products if you think about it. But other currencies will be accepted to, so not all the burden is on the Grow market. The destruction fee accounts for all accepted currencies.. If you pay with dark, 1% of those drk will be traded for Grow and destroyed  . Lets say we have 5 orders in the first week with a total of 250$ worth of products, 2.50$ will be exchanged for Grow and send to the destruction address which will be created in the upcoming days. We are probably going to upscale that 1% to a 2% since we had some good news regarding a merchant discount a few days ago from our supplier i see so in simple way is, more orders = more GROW to be destroyed , resulting less coins with higher price? |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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barryzand (OP)
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November 25, 2014, 08:23:20 PM |
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Dev what price will the shop accept GROW tokens at? Will it be exchange rate, or is there a peg?
Exchange rate. A fixed price will not work, I'm almost better of giving stuff away for free then This also means smart trading/mining can give you very cheap products if you think about it. But other currencies will be accepted to, so not all the burden is on the Grow market. The destruction fee accounts for all accepted currencies.. If you pay with dark, 1% of those drk will be traded for Grow and destroyed . Lets say we have 5 orders in the first week with a total of 250$ worth of products, 2.50$ will be exchanged for Grow and send to the destruction address which will be created in the upcoming days. We are probably going to upscale that 1% to a 2% since we had some good news regarding a merchant discount a few days ago from our supplier i see so in simple way is, more orders = more GROW to be destroyed , resulting less coins with higher price? That is the idea yes  With every sale, we will buy and/or destroy. I am thinking to do this on a weekly basis We call it a destruction fee |
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placebo
Legendary
Offline
Activity: 1120
Merit: 1000
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November 25, 2014, 08:28:30 PM |
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Dev what price will the shop accept GROW tokens at? Will it be exchange rate, or is there a peg?
Exchange rate. A fixed price will not work, I'm almost better of giving stuff away for free then This also means smart trading/mining can give you very cheap products if you think about it. But other currencies will be accepted to, so not all the burden is on the Grow market. The destruction fee accounts for all accepted currencies.. If you pay with dark, 1% of those drk will be traded for Grow and destroyed . Lets say we have 5 orders in the first week with a total of 250$ worth of products, 2.50$ will be exchanged for Grow and send to the destruction address which will be created in the upcoming days. We are probably going to upscale that 1% to a 2% since we had some good news regarding a merchant discount a few days ago from our supplier I like the idea of destroying coins, but you also need to earn money on your coin yourself, to keep yourself motivated As you don't have any premine, so it would make sense that you keep those coins in your wallet and you will work even double as hard when you start having more and more coins. But it is up to you |
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barryzand (OP)
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November 25, 2014, 08:36:24 PM |
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Dev what price will the shop accept GROW tokens at? Will it be exchange rate, or is there a peg?
Exchange rate. A fixed price will not work, I'm almost better of giving stuff away for free then This also means smart trading/mining can give you very cheap products if you think about it. But other currencies will be accepted to, so not all the burden is on the Grow market. The destruction fee accounts for all accepted currencies.. If you pay with dark, 1% of those drk will be traded for Grow and destroyed . Lets say we have 5 orders in the first week with a total of 250$ worth of products, 2.50$ will be exchanged for Grow and send to the destruction address which will be created in the upcoming days. We are probably going to upscale that 1% to a 2% since we had some good news regarding a merchant discount a few days ago from our supplier I like the idea of destroying coins, but you also need to earn money on your coin yourself, to keep yourself motivated As you don't have any premine, so it would make sense that you keep those coins in your wallet and you will work even double as hard when you start having more and more coins. But it is up to you Dont worry about that. Since we are starting small, there is no need for me to make insane profits. I believe I will be rewarded when everything is running and operating smoothly with the webshop itself Patience is a rewarding factor imo |
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penoze
Legendary
Offline
Activity: 1235
Merit: 1003
https://minepi.com/cryptomeneer
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November 25, 2014, 09:03:04 PM |
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Can i download a wallet somewhere...  I am enthusiastic about this coin.,  This coin offers anon send. Is the Growchat also anon? |
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^serious^
Newbie
Offline
Activity: 1
Merit: 0
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November 25, 2014, 09:07:31 PM |
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Is the countdown timer not working for others also?
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barryzand (OP)
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November 25, 2014, 09:08:37 PM |
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Can i download a wallet somewhere... I am enthusiastic about this coin., This coin offers anon send. Is the Growchat also anon? This will be added later on, as they are stated under GrowPlans as in roadmap. Growchat will not be anon A clear overview of the roadmap will be released tomorrow Wallets will be available at launch time. Is the countdown timer not working for others also?
Working fine here... It is set to 23:55 CET, about 1 hr and 50 min remaining |
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penoze
Legendary
Offline
Activity: 1235
Merit: 1003
https://minepi.com/cryptomeneer
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November 25, 2014, 09:34:36 PM |
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Can i download a wallet somewhere... I am enthusiastic about this coin., This coin offers anon send. Is the Growchat also anon? This will be added later on, as they are stated under GrowPlans as in roadmap. Growchat will not be anon A clear overview of the roadmap will be released tomorrow Wallets will be available at launch time. Oke thanks, i see it tomorrow in the morning . Do you have already a plan to bring this coin to the "growers" You know even good as me that 90% of the people here are traders and shall never grow and i think you know where i talk about. Ps: This post is no Fud i am curious if this coin and the team behind it have some potential plans for the growcoin community. I see a lot of possibilities to do with this coin and the concept behind it. To bad i miss the ICO. |
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barryzand (OP)
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November 25, 2014, 11:01:53 PM |
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We are launched!
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ocminer
Legendary
Offline
Activity: 2660
Merit: 1240
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November 25, 2014, 11:07:26 PM |
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We are launched!
Aaaaand https://grow.suprnova.cc is up ! :-) |
suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools |
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barryzand (OP)
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November 25, 2014, 11:13:14 PM |
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Okay very nice I mined the premine 3 days ago, went to block ~56 to get it totally confirmed, Mined a test block to see if everything was still working a few hours ago. And it seems you guys were so fast with mining, I generated a stake with the ico of ~367 coins before I got the chance to encrypt my wallet lol This means I have coins that were not planned from the start, these 451.44296689 total will be given away |
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james42
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November 25, 2014, 11:14:25 PM |
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Nice and honest dev, good launch of the PoW
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michaelb87
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November 25, 2014, 11:17:33 PM |
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Launched, nice!
How can we claim our investment?
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barryzand (OP)
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November 25, 2014, 11:17:51 PM |
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version" : "v1.1.2.0-g",
"protocolversion" : 60013,
"walletversion" : 60000,
"balance" : 1000456.44296689,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 171,
"timeoffset" : -1,
"moneysupply" : 1001812.44296689,
"connections" : 4,
"proxy" : "",
"difficulty" : {
"proof-of-work" : 39.79515303,
"proof-of-stake" : 0.00024414
},
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RJX
Legendary
Offline
Activity: 1078
Merit: 1003
umachit.fund
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November 25, 2014, 11:18:40 PM |
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"version" : "v1.1.2.0-g",
"protocolversion" : 60013,
"walletversion" : 60000,
"balance" : 1000456.44296689,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 171,
"timeoffset" : -1,
"moneysupply" : 1001812.44296689,
"connections" : 4,
"proxy" : "",
"difficulty" : {
"proof-of-work" : 39.79515303,
"proof-of-stake" : 0.00024414
},
Can I have those, please?  |
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ehalvers
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November 25, 2014, 11:29:31 PM |
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version" : "v1.1.2.0-g",
"protocolversion" : 60013,
"walletversion" : 60000,
"balance" : 1000456.44296689,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 171,
"timeoffset" : -1,
"moneysupply" : 1001812.44296689,
"connections" : 4,
"proxy" : "",
"difficulty" : {
"proof-of-work" : 39.79515303,
"proof-of-stake" : 0.00024414
},
Excited to see my wallet GROW Just pointed a few of my rigs at suprnova, 5,000 MH/s and climbing on the pool! Glad I invested in ICO cause the hashrate is skyrocketing! |
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louiseth1
Legendary
Offline
Activity: 924
Merit: 1000
Bitfarms.io
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November 25, 2014, 11:47:22 PM
Last edit: November 25, 2014, 11:59:11 PM by louiseth1 |
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We're up, forgot to post the link in here! www.suchpool.pw/growEdit; spread some hashes, they are all on suprnova |
Bitfarms.io - Powering Blockchains with Sustainable Energy
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barryzand (OP)
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November 25, 2014, 11:49:30 PM |
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Cryptobe blockexplorer will be up within 24 hrs, looking for a second one atm. I have taken a few days off from work, so I can focus entirely on finishing the webshop the following days and of course some other stuff like promotion etc. ICO coins will be sent out tomorrow when Placebo is awake (at least I think he is sleeping atm) |
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