[ANN] [CV2] ColossusCoin2.0 | Yobit.net | NovaExchange - Swap to COLX is closed

[nikl]

Is this able to be mined or is it 100% premine for swap with old coin?

[1715026085]

1715026085

[1715026085]

1715026085

[Crestington]

Is this able to be mined or is it 100% premine for swap with old coin?

Most will be Premined for Swap

19.1 Billion Premine

POW 1000 Coins per Block for 10,080 Blocks (10 days)

POW will also generate fees of 20 Coins per block

After approx. 5000 Blocks POS will start and estimated at 60% POS and 40% POW.

Total estimated amount through POW would be in the neighborhood of 20 Million.

15.8 Billion reserved for swap at 20:1 plus 1% Fee for escrow

Remaining 3.3 Billion (17% of total float) for sale and part of Development Fund

We don't have to do an ICO straight away but would need to sell some of the Coins for initial funding of services (block explorer, multipools, exchanges, wallets, nodes etc.)

I am thinking if we sold 10% of the Coins at 1 Satoshi that would be plenty still for all services and initial seed money (approximately 19 BTC). We can use escrow for all of it, even the money raised for services.

If buying at 1 Satoshi each it would value the entire Float at $38,000-$45,000 USD which would be a fair valuation for everything surrounding it and would likely make it quick to achieve ROI or to hold for the long-term.

[Repunza]

why so many coins? Why not make them a lot less?

[Crestington]

why so many coins? Why not make them a lot less?

A lot of Coins create larger buy and sell walls so you have more stability in price and can be spread across many exchanges and tradeable against many different Coins without losing volume over all.

ColossusCoin represents a large float in itself so it's good to stick to that, we had a long discussion about Float sizes and price and agreed that a reduction in the total float from 313 Billion was needed but most wanted higher and some wanted lower so went with the mid end in order to eventually trade in the 60-160 Satoshi range similar to DogeCoin on the high end or 10-15 Satoshi similar to ReddCoin on the low end.

[kubuminer]

on our pool start pre-ann - http://cv2.binpool.com/

[tema]

why so many coins? Why not make them a lot less?

A lot of Coins create larger buy and sell walls so you have more stability in price and can be spread across many exchanges and tradeable against many different Coins without losing volume over all.

ColossusCoin represents a large float in itself so it's good to stick to that, we had a long discussion about Float sizes and price and agreed that a reduction in the total float from 313 Billion was needed but most wanted higher and some wanted lower so went with the mid end in order to eventually trade in the 60-160 Satoshi range similar to DogeCoin on the high end or 10-15 Satoshi similar to ReddCoin on the low end.

 Hi Crestington! Please when you have time answer my last question in this topic https://bitcointalk.org/index.php?topic=492392.new#new

[ariliz]

supernova pool?

[runpaint]

1 satoshi is too cheap, it's half the price currently being traded if these coins are split 1/20.  So 2 satoshis would be better. (180 litoshi)

[Crestington]

1 satoshi is too cheap, it's half the price currently being traded if these coins are split 1/20.  So 2 satoshis would be better. (180 litoshi)

Yeah that would be fine too, could even do bidding, we can just mine it though POW and into POS and wait to make sure everything is done right. Just need to work through the last few things in building it, Sudo wants me to release it right at the scheduled time but I think it might be better to just get it going in the next day or and release it as soon as it's ready and not really adhere to a strict deadline.

[tema]

 Guys hi! Help me!  i dont undestand what  data do I need to write in  rpcuser and rpcpassword in colossuscoin.conf file? Maybe that's why I have not synchronized the client 1.5.2 with 1 active connection?
My wallet is empty, all my Colossuscoin on Cryptsy. Maybe I don't need their output and the exchange itself will replace my coins on Col v2?

[sudo23]

Hi Colossal Community, as described above in the OP, i'm an escrow for half of the Colossuscoin2.0 premined. I confirm as soon all coins in my wallet (send by Cestington, our Head of Development) using the Colossuscoin2.0 address CcA5mLworvoLPkseFwLfuUM7HaFN4dqsVz with the TX ID.
All people must talk with us first about where and for what spend the premine. Premined coins will send to an encrypted secure wallet, unlocked only for Proof of Stake.

Crestington and Sudo23 will be managing the fund for this and we believe this is benenficial to everyone in the community.
To start the Development Fund/Premine would only be accessible by me and Crestington with multiple layers of security but we plan on creating an online wallet with Multi-Authentication for access, and Multi-Sig for transaction approval.
Transparency: The Community will be able to check/track an open ledger of the swapped coins. The Foundation will maintain an open ledger for all its transactions and an open ledger of the premine (including reimbursement of lost Coins and full swap-over), 100% transparent. We will be publishing a transparent budget for all payments via blockchains explorers.

best wishes
Sudo23
[-Founder of Colossuscoin Foundation]
[-Long-time Developer of Colossuscoin since September 2013]
[-Website Admin of Colossuscoin.org/ Colossuscointalk.org]
[-Marketing and Promotion]

[gilangIDR]

Ocminer please come here ! do you add this coin to your pool ? 

[kubuminer]

our pool ready for pre-ann

[Th82]

NICE!!! and i agree to all of this!! I will run big GIVEAWAYs SOON on our Colossuscointalk.org Forums soon

As mouseman said, Sudo and Crestington are the "Telflon Don's" of the Crypto Universe!!

First off, and most important, thanks Crestington (as well as Sudo) for staying committed to this coin ALL YEAR LONG since you guys took it over. You guys are unequivocally the "Telflon Don's" of the Crypto Universe.

http://colossuscointalk.org/index.php?topic=545.msg3190#msg3190

regards
Tom -Improvement Team

Hi Colossal Community, as described above in the OP, i'm an escrow for half of the Colossuscoin2.0 premined. I confirm as soon all coins in my wallet (send by Cestington, our Head of Development) using the Colossuscoin2.0 address CcA5mLworvoLPkseFwLfuUM7HaFN4dqsVz with the TX ID.
All people must talk with us first about where and for what spend premine. Premined coins will send to an encrypted wallet, unlocked only for Proof of Stake.

Crestington and Sudo23 will be managing the fund for this and we believe this is benenficial to everyone in the community.
To start the Development Fund/Premine would only be accessible by me and Crestington with multiple layers of security but we plan on creating an online wallet with Multi-Authentication for access, and Multi-Sig for transaction approval.
Transparency: The Community will be able to check/track an open ledger of the swapped coins. The Foundation will maintain an open ledger for all its transactions and an open ledger of the premine (including reimbursement of lost Coins and full swap-over), 100% transparent. We will be publishing a transparent budget for all payments via blockchains explorers.

best wishes
Sudo23
[-Founder of Colossuscoin Foundation]
[-Long-time Developer of Colossuscoin since September 2013]
[-Website Admin of Colossuscoin.org/ Colossuscointalk.org]
[-Marketing and Promotion]

[pawel7777]

Have anyone contacted cryptsy (or other exchanges)? Are they OK with migrating to v2.0?

If not, this will end up as just another coin and would need a different name

[m_j]

Hi Colossal Community, as described above in the OP, i'm an escrow for half of the Colossuscoin2.0 premined. I confirm as soon all coins in my wallet (send by Cestington, our Head of Development) using the Colossuscoin2.0 address CcA5mLworvoLPkseFwLfuUM7HaFN4dqsVz with the TX ID.
All people must talk with us first about where and for what spend the premine. Premined coins will send to an encrypted secure wallet, unlocked only for Proof of Stake.

Crestington and Sudo23 will be managing the fund for this and we believe this is benenficial to everyone in the community.
To start the Development Fund/Premine would only be accessible by me and Crestington with multiple layers of security but we plan on creating an online wallet with Multi-Authentication for access, and Multi-Sig for transaction approval.
Transparency: The Community will be able to check/track an open ledger of the swapped coins. The Foundation will maintain an open ledger for all its transactions and an open ledger of the premine (including reimbursement of lost Coins and full swap-over), 100% transparent. We will be publishing a transparent budget for all payments via blockchains explorers.

best wishes
Sudo23
[-Founder of Colossuscoin Foundation]
[-Long-time Developer of Colossuscoin since September 2013]
[-Website Admin of Colossuscoin.org/ Colossuscointalk.org]
[-Marketing and Promotion]
http://s27.postimg.org/fv48d23dv/Colossuscoin_2.png

Hey there, sounds great that Sudo23 an Crestington will manage it together!!

[colossuscoin]

ColossuscoinV2 has launched

/Downloads:
Wallets
Windows Wallet:
http://www.mediafire.com/download/uhrkaj59s4f332v


/Scource Code:
https://github.com/Crestington/ColossusCoin2


Config:

Code:

listen=1
daemon=1
server=1
rpcuser=*yourusername*
rpcpassword=*yourpassword*
rpcport=43521
port=43522
rpcallowip=127.0.0.1
addnode=107.170.179.27
addnode=128.199.231.68
addnode=178.62.151.188

Here is a guide to setting up a .conf file if you need it.

    Go to Control Panel
    In the Search box, type Folder
    Click "Folder Options"
    Click the tab that says View
    Make sure there is no check in the box for "Hide file extensions for known file types" (de-select this option and click OK)
    Exit Control Panel

    On Windows 8, right-click the start button and select "Run"
    (for Windows 7, left-click the start button and type "run" into "Search Programs and Files", then click Run at the top of the list)
    In "Run", type %appdata% and press Enter
    You should see the folder located at Appdata/Roaming
    Open the ColossusCoin2 folder
    Right-click and Create New File - create a new Text document
    Open the document with Notepad
    Paste the following into the file: (but put a username and password instead of "username" and "password)

    listen=1
    daemon=1
    server=1
    rpcuser=*yourusername*
    rpcpassword=*yourpassword*
    rpcport=43521
    port=43522
    rpcallowip=127.0.0.1
    addnode=107.170.179.27
    addnode=128.199.231.68
    addnode=178.62.151.188

    Save the file.
    Re-name the document ColossusCoin2.conf (filetype .conf, not .txt)
    Restart your ColossusCoin2 wallet.

[Shadow_Runner]


{
"blocks" : 39,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : {
"proof-of-work" : 0.00732003,
"proof-of-stake" : 0.00024414,
"search-interval" : 0
},
"blockvalue" : 100000000000,
"netmhashps" : 0.00483830,
"netstakeweight" : 0.00000000,
"errors" : "",
"pooledtx" : 0,
"stakeweight" : {
"minimum" : 0,
"maximum" : 0,
"combined" : 0
},
"stakeinterest" : 1,
"testnet" : false
}

[bathrobehero]

People forgot about the launch date I guess.

[kubuminer]

our pool up and launch - http://cv2.binpool.com/