Topic: [ANN] 1337 [MANDATORY UPDATE] 41.78% APR| POS ONLY - page 118. (Read 259518 times)
The 1000:1 sounds a bit much I think - maybe 100:1 + 13.37% if the swap were to occur.
POS 2% or 1,5% per year, that's all
I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year.
it should be 1.337%
That's a good idea and now we just need to hear from the dev to let us know what he thinks of all the suggestions that have been posted here. Purchased a truck load more 1337 coins which was from my BTC faucet earnings.
sorry guys i needed a lil break. thanks for the suggestions. as someone mentioned before, people stake coins because they expect a return. imho 1-2% /year simply isnt enough incentive for users to keep coins in their wallet and stake them and most coins will end up on the exchanges. even with a high apr of 334.25% there are lots of coins blocking any rise in price atm... killing the coin in the process.
also, stake2play project is based on the idea that people can buy things with their stakes. so lets say someone invests $100 in the new version... how long would it take till he could afford a $5 game if the apr is 1.337% per year?
as for the swap ratio of 1000:1, that was my first thought too but it seemed a bit too radical to me at the time. but i have to agree that 10M coins are probably easier to manage than 100M coins.
Thanks for the update dev and I hope you had a nice break as we all need a break every now and then. You have some good points and now I see why 1 to 2 percent per year isn't attractive for people to invest in 1337. So the question is are we having a swap? So far a swap is leading in the poll and when will this poll end?
i would like to make it clear that its not my intention to force anyone to swap. i also cant guarantee any success after the swap but as things are now i simply cant do much because there is no liquidity in the market. so there will most likely be 2 coins instead of 1 and people will only be able to swap 1337 for the new coin and the old coins will get burned in that process. i have no ETA atm but i'll post my suggestion for the specs of the swap after i gathered more info.
we also need a new name, logo, ann etc etc but those things will come after we came to an agreement as a community. lets give the poll till the end of the week?
POS 2% or 1,5% per year, that's all
I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year.
it should be 1.337%
That's a good idea and now we just need to hear from the dev to let us know what he thinks of all the suggestions that have been posted here. Purchased a truck load more 1337 coins which was from my BTC faucet earnings.
sorry guys i needed a lil break. thanks for the suggestions. as someone mentioned before, people stake coins because they expect a return. imho 1-2% /year simply isnt enough incentive for users to keep coins in their wallet and stake them and most coins will end up on the exchanges. even with a high apr of 334.25% there are lots of coins blocking any rise in price atm... killing the coin in the process.
also, stake2play project is based on the idea that people can buy things with their stakes. so lets say someone invests $100 in the new version... how long would it take till he could afford a $5 game if the apr is 1.337% per year?
as for the swap ratio of 1000:1, that was my first thought too but it seemed a bit too radical to me at the time. but i have to agree that 10M coins are probably easier to manage than 100M coins.
Thanks for the update dev and I hope you had a nice break as we all need a break every now and then. You have some good points and now I see why 1 to 2 percent per year isn't attractive for people to invest in 1337. So the question is are we having a swap? So far a swap is leading in the poll and when will this poll end?
POS 2% or 1,5% per year, that's all
I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year.
it should be 1.337%
That's a good idea and now we just need to hear from the dev to let us know what he thinks of all the suggestions that have been posted here. Purchased a truck load more 1337 coins which was from my BTC faucet earnings.
sorry guys i needed a lil break. thanks for the suggestions. as someone mentioned before, people stake coins because they expect a return. imho 1-2% /year simply isnt enough incentive for users to keep coins in their wallet and stake them and most coins will end up on the exchanges. even with a high apr of 334.25% there are lots of coins blocking any rise in price atm... killing the coin in the process.
also, stake2play project is based on the idea that people can buy things with their stakes. so lets say someone invests $100 in the new version... how long would it take till he could afford a $5 game if the apr is 1.337% per year?
as for the swap ratio of 1000:1, that was my first thought too but it seemed a bit too radical to me at the time. but i have to agree that 10M coins are probably easier to manage than 100M coins.
POS 2% or 1,5% per year, that's all
I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year.
it should be 1.337%
That's a good idea and now we just need to hear from the dev to let us know what he thinks of all the suggestions that have been posted here. Purchased a truck load more 1337 coins which was from my BTC faucet earnings.
POS 2% or 1,5% per year, that's all
I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year.
it should be 1.337%
yeah! sounds good for me
POS 1.337% for year + great developent + a lot of dedicated features + awesome graphic design + great website with announcements, newsletter on emailand then swap in 2018
it's time to take seriously this coin
POS 2% or 1,5% per year, that's all
I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year.
it should be 1.337%
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POS 2% or 1,5% per year, that's all
I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year.
POS 2% or 1,5% per year, that's all
Hi dev,
Any updates on whether 1337 coin is going to be swapped or not? As now the price is below 1 sat and not much daily volume any more so maybe a swap is the best option going forward.
Best option - mandatory update with halving everery month or 3-4 week. To final percentage 13.37% per year Any updates on whether 1337 coin is going to be swapped or not? As now the price is below 1 sat and not much daily volume any more so maybe a swap is the best option going forward.
Any other option - 1litoshi it's very, very, very high price. And then miliDoge it is a good price
Hi dev,
Any updates on whether 1337 coin is going to be swapped or not? As now the price is below 1 sat and not much daily volume any more so maybe a swap is the best option going forward.
Any updates on whether 1337 coin is going to be swapped or not? As now the price is below 1 sat and not much daily volume any more so maybe a swap is the best option going forward.
Next lelel = 1 Litoshi ; but who did not believe 
I can't vote, but I say do the swap and here is why:
It could help solve a couple of issues; the extreme inflation and the high coin supply..
Right now, because of the inflation rate and the coin supply, we need to spend quite a bit of BTC every day to keep the price at 1 sat.. If price rises 1 satoshi (to 2 satoshi), we need the double amount of BTC, and it seems unlikely that anybody wants to supply that kind of buy support for a coin whose price is not likely to rally / pump..
If we want the price to rise, we need to reduce coin supply drastically by swapping the current 1337 coins to a new coin with an exchange rate of say, 1000:1, this in itself should make the coin more valuable, per coin..
But we also need to reduce the inflation rate, otherwise, the supply will grow to a point where keeping price stable is unsustainable once again.
If we could get the new coin priced around 100 satoshi or more, it would allow market makers to effeciently make the market move and if they can do that, they provide liquidity for the market, which would allow us to unload our staked coins for instance or to speculate in the market.
It could help solve a couple of issues; the extreme inflation and the high coin supply..
Right now, because of the inflation rate and the coin supply, we need to spend quite a bit of BTC every day to keep the price at 1 sat.. If price rises 1 satoshi (to 2 satoshi), we need the double amount of BTC, and it seems unlikely that anybody wants to supply that kind of buy support for a coin whose price is not likely to rally / pump..
If we want the price to rise, we need to reduce coin supply drastically by swapping the current 1337 coins to a new coin with an exchange rate of say, 1000:1, this in itself should make the coin more valuable, per coin..
But we also need to reduce the inflation rate, otherwise, the supply will grow to a point where keeping price stable is unsustainable once again.
If we could get the new coin priced around 100 satoshi or more, it would allow market makers to effeciently make the market move and if they can do that, they provide liquidity for the market, which would allow us to unload our staked coins for instance or to speculate in the market.
1337 will prevail I have plenty of confidence in the dev and the community behind it.
I have plenty of confidence in the dev and the community behind it.
1337Casino.com and the crypto4free faucet is resyncing once again.
Been busy with other projects the last week, so sorry for the downtime
1337 dead? Not gonna happen
Been busy with other projects the last week, so sorry for the downtime
1337 dead? Not gonna happen
Most other apps and/or software has that in it. That way, an intentional update or even a system wide fork will be done wallet-wide, without anyone left behind.
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Nice thanks !!
What happened to staketoplay ?? That thread is dead and you could take 1337 and buy games with it.
Please someone have an answer its fustrating.
How long is the wait if you had coins to sell on yobit? since there is almost 200 million 1337 coin in front of you. A month? Is there somewhere else that you can sell your coin where you wouldn't have to wait so long? I have tried coinexchange but there just isn't any traffic or nobody is buying over there.
1337: easy to get hard to get rid of!
just kidding.
its take time to sale this coin, it is better to hold the coin and wait for opportunity if and when the price will rise and the markets of this coin will be bullish.
and until that happen, stake them. there is no point letting your coin sleep on an exchange for few months while you are waiting in the sell line.
+1337, as ladacoin dev says, Proof-of-Sleep
I love 1337 coin and I have a bunch that are staking. And I just would like to cash in some of my profits every now and then to make some money. That is the whole point of a POS coin, right? To make profits on the staking and exchange them for bitcoin. If I wanted to literally just hold coins I would just buy bitcoin and keep it in a wallet.
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