I'm definitely investing a NICE amount of HZ into this. Great hard working dev's. Will see a GREAT return!
Yes, Will see a GREAT return!
Topic: . - page 117. (Read 491737 times)
Why not get your own ideas instead of constantly ripping off jl777?
Seriously, are you obsessed with him or something?
Seriously, are you obsessed with him or something?
jl777 wanted Horizon to join Supernet actually. I read the Pastebins myself, and initially I wanted to join. For the value of our node system he claimed, and he wanted to use it in Supernet for something he had planned. HZ is the first clone of NXT, but with what we think is a much better distribution system than NXT. I also didn't know that jl777 made NXT? I thought he was behind Supernet and various assets? If you are talking about Blocknet, they are not using the Cluster design of Supernet and doing something *very* different. Anyway, free market competition is fine really, plenty of alts are based on Bitcoin, and HZ was the first based on NXT.
What cluster design of SuperNET?
I'm still waiting to hear how a kademlia network is not defined as p2p?
Also, no, I meant MGW. HZ is crowdfunding something jl777 did himself with no outside funds. Why not just release it?
Quote
As some of you may know I'm working on a distributed cryptocurrency-exchange for Horizon, similar to NXT's MGW.
I found some potential partners for the technical side, now it's time to resolve the funding issue.
No single investor stepped up, but this shouldn't be a problem regarding that's one of the exact things HZ was designed for. Therefore, I decided to create an asset to give the whole community the opportunity to be a part of the venture.
HZxchange was issued with 1'000'000.0000 shares on the HZ Asset Exchange.
20% of that is my own share, 30% will be reserved for the partners of the multisig wallets (for coins which don't support multisig, all of that is mine). The remaining 50% will be sold to the community.
My target is to collect about 5M HZ. Partly as a reimbursement for the work which still needs to be done to have a great product in the end, the rest for hosting while the whole thing is not yet profitable (more about that later on). This results in an average price of 10 HZ per asset.
Sale will start on 1st of March, around 12:00 UTC. The initial prices will be staggered like this:
- 50.000 for 5 HZ
- 75.000 for 7.5 HZ
- 75.000 for 10 HZ
- 75.000 for 12.5 HZ
- 75.000 for 15 HZ
- 75.000 for 17.5 HZ
- 75.000 for 20 HZ
That's a total of ~6.4M HZ for 500k shares. After two weeks, the open orders will be removed and the remaining shares will be offered for 10 HZ each. When the exchange goes live, probably in early April, any remaining orders will be cancelled again and I take the rest of the shares for myself smile emoticon
The code which will be used was already running at dacx. It supports BTC, BTS and NXT (and of course most, if not all, of their clones). I still need to implement the multisig part for BTC, as well as some changes in the internal design of the service. There won't be a public website any more, everything will be handeled via blockchains. This further enhances the security of deposits as well as ease-of-use.
Initially the exchange will offer trading of BTC, LTC, DRK, BTS and NXT.
Profits will be taken from fees on deposits (0.5%) and withdrawals (1%). Those profits will be sold weekly, exchanged to HZ, and distributed to the shareholders.
If we manage to reach a weekly flow of 20 BTC (10 in, 10 out. Completely ficitional and only to give you an idea, I can not guarantee anything. Of course, the final numbers will always be 100% transparent to everyone.) this results in a total of 0.15 BTC/week in fees. 50% going back to the investors means 12 months for ROI. To be profitable for the multisig partners and myself the number would need to be slightly higher, but when the sale goes as expected we can cover the time until then with the collected funds.
When the exchange is running, important decisions like which coins should be added, a change of fees, or (in case it's still not profitable to host when the funds are dry) a change of profit-distribution will be discussed with the asset holders. But let's not expect that, distributed exchanges are badly needed out there!
Thanks for your attention, let's get it rolling!
I found some potential partners for the technical side, now it's time to resolve the funding issue.
No single investor stepped up, but this shouldn't be a problem regarding that's one of the exact things HZ was designed for. Therefore, I decided to create an asset to give the whole community the opportunity to be a part of the venture.
HZxchange was issued with 1'000'000.0000 shares on the HZ Asset Exchange.
20% of that is my own share, 30% will be reserved for the partners of the multisig wallets (for coins which don't support multisig, all of that is mine). The remaining 50% will be sold to the community.
My target is to collect about 5M HZ. Partly as a reimbursement for the work which still needs to be done to have a great product in the end, the rest for hosting while the whole thing is not yet profitable (more about that later on). This results in an average price of 10 HZ per asset.
Sale will start on 1st of March, around 12:00 UTC. The initial prices will be staggered like this:
- 50.000 for 5 HZ
- 75.000 for 7.5 HZ
- 75.000 for 10 HZ
- 75.000 for 12.5 HZ
- 75.000 for 15 HZ
- 75.000 for 17.5 HZ
- 75.000 for 20 HZ
That's a total of ~6.4M HZ for 500k shares. After two weeks, the open orders will be removed and the remaining shares will be offered for 10 HZ each. When the exchange goes live, probably in early April, any remaining orders will be cancelled again and I take the rest of the shares for myself smile emoticon
The code which will be used was already running at dacx. It supports BTC, BTS and NXT (and of course most, if not all, of their clones). I still need to implement the multisig part for BTC, as well as some changes in the internal design of the service. There won't be a public website any more, everything will be handeled via blockchains. This further enhances the security of deposits as well as ease-of-use.
Initially the exchange will offer trading of BTC, LTC, DRK, BTS and NXT.
Profits will be taken from fees on deposits (0.5%) and withdrawals (1%). Those profits will be sold weekly, exchanged to HZ, and distributed to the shareholders.
If we manage to reach a weekly flow of 20 BTC (10 in, 10 out. Completely ficitional and only to give you an idea, I can not guarantee anything. Of course, the final numbers will always be 100% transparent to everyone.) this results in a total of 0.15 BTC/week in fees. 50% going back to the investors means 12 months for ROI. To be profitable for the multisig partners and myself the number would need to be slightly higher, but when the sale goes as expected we can cover the time until then with the collected funds.
When the exchange is running, important decisions like which coins should be added, a change of fees, or (in case it's still not profitable to host when the funds are dry) a change of profit-distribution will be discussed with the asset holders. But let's not expect that, distributed exchanges are badly needed out there!
Thanks for your attention, let's get it rolling!
Taken from: https://www.facebook.com/groups/NHZOfficial/
The asset will be ran by Michael Wolf (Pharesim), one of our developers for Horizon.
Update:
HZxchange asset ID: 17828408937649813496
Issuer: NHZ-UK8Z-XNTJ-HFWG-DAXC9
Information / dedicated Facebook group: https://www.facebook.com/groups/426916067474694
Why not get your own ideas instead of constantly ripping off jl777?
Seriously, are you obsessed with him or something?
Seriously, are you obsessed with him or something?
Oh god, here they come.
Let's please keep this conversation on track.
Why not get your own ideas instead of constantly ripping off jl777?
Seriously, are you obsessed with him or something?
Seriously, are you obsessed with him or something?
jl777 wanted Horizon to join Supernet actually. I read the Pastebins myself, and initially I wanted to join. For the value of our node system he claimed, and he wanted to use it in Supernet for something he had planned. HZ is the first clone of NXT, but with what we think is a much better distribution system than NXT. I also didn't know that jl777 made NXT? I thought he was behind Supernet and various assets? If you are talking about Blocknet, they are not using the Cluster design of Supernet and doing something *very* different. Anyway, free market competition is fine really, plenty of alts are based on Bitcoin, and HZ was the first based on NXT.
Why not get your own ideas instead of constantly ripping off jl777?
Seriously, are you obsessed with him or something?
Seriously, are you obsessed with him or something?
if you cannot beat them, copy them
Why HZ is geting pumped now ?
I did not read the "NEWS" anywhere ....
Pumped ???I don't see pump here.All night ,trying buy 900k without success .This coin holding position very well.I love business plan here.I did not read the "NEWS" anywhere ....
0.006 for sure in short time.When I'd got Darkcoin in early stage everybody was saying that Darkcoin is under pump.Today my profit from Darkcoin is very close to 24,000% i'm sure that Horizon will get very high price and will be nr 1 at Exchange list for long time.
Why not get your own ideas instead of constantly ripping off jl777?
Seriously, are you obsessed with him or something?
Seriously, are you obsessed with him or something?
if you cannot beat them, copy them
Why HZ is geting pumped now ?
I did not read the "NEWS" anywhere ....
Pumped ???I don't see pump here.All night ,trying buy 900k without success .This coin holding position very well.I love business plan here.I did not read the "NEWS" anywhere ....
0.006 for sure in short time.When I'd got Darkcoin in early stage everybody was saying that Darkcoin is under pump.Today my profit from Darkcoin is very close to 24,000% i'm sure that Horizon will get very high price and will be nr 1 at Exchange list for long time.
Where can I find HZxchange asset ID?
Sale will start on 1st of March, around 12:00 UTC
17828408937649813496
Thank you I just got some and I see a HorizonTKN asset looks interesting I guess go buy more HZ to get some
HorizonTKN asset ID 11190041314698126121
Where can I find HZxchange asset ID?
Sale will start on 1st of March, around 12:00 UTC
17828408937649813496
I need also GorillaStk ID. Thanks!
13107643165077784607 NHZ-QTZV-AP25-2X4G-8GQ78 GorillaStk
You can also check here:https://explorer.horizonplatform.io/?page=assets
Nice! Thanks a lot! Can't wait HZxchange sale.
Where can I find HZxchange asset ID?
Sale will start on 1st of March, around 12:00 UTC
17828408937649813496
I need also GorillaStk ID. Thanks!
13107643165077784607 NHZ-QTZV-AP25-2X4G-8GQ78 GorillaStk
You can also check here:https://explorer.horizonplatform.io/?page=assets
Where can I find HZxchange asset ID?
Sale will start on 1st of March, around 12:00 UTC
17828408937649813496
I need also GorillaStk ID. Thanks!
Where can I find HZxchange asset ID?
Sale will start on 1st of March, around 12:00 UTC
17828408937649813496
I have a bunch of tutorial videos on my YouTube channel:
https://www.youtube.com/channel/UCmMGqO_iKS24QvILLims0HQ
https://www.youtube.com/channel/UCmMGqO_iKS24QvILLims0HQ
Why HZ is geting pumped now ?
I did not read the "NEWS" anywhere ....
I did not read the "NEWS" anywhere ....
We will be making ANN's this week.
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