Author

Topic: [ANN] APTUM - EVERYBODY’S CRYPTO | White Paper released (Read 2113 times)

legendary
Activity: 1696
Merit: 1008
Please see below from Aptum lead developer.

"@everyone I've got terrible news.
After talking to experts in sociology, we've come to the conclusion that aptum will not reach it's goals any time soon.
If it's not possible for paypal to replace visa and cash, and if it's not possible for us, to be a more sustainable alternative by leveraging decentralisation, there is no reason to continue this project.

I hope you understand those reasons for postponing the project.
All resources will stay online and the AIPs will be improved to allow anyone to reference them in the future without researching their backgrounds for years.

All investors are going to be refunded as well.

I hope you'll have more luck with your next project.
If you have no idea where to go now, I'd like to direct you to @Kayaba | MR's Meros, as it looks more promising than ever - mostly because of its incredibly persistent and powerful developer."

Sorry to all, this was an ambitious project and at the present time it does not appear to be possible.

Locking this thread Sad
legendary
Activity: 1696
Merit: 1008
So will CBX be valuable? Will the team focus on developing AP tokens or CBX tokens?
But why is it so complicated in getting the token? Why don't we simply take it to cut costs?

Our focus is on Aptum.

Not sure I understand your other questions.
legendary
Activity: 1696
Merit: 1008
Very interesting conceot by this project. How are you planning to raise funds for the project, will you do an IEO, ICO or do you already have funding?

We will be conducting an ICO
member
Activity: 459
Merit: 10
So will CBX be valuable? Will the team focus on developing AP tokens or CBX tokens?
But why is it so complicated in getting the token? Why don't we simply take it to cut costs?
jr. member
Activity: 199
Merit: 1
Very interesting conceot by this project. How are you planning to raise funds for the project, will you do an IEO, ICO or do you already have funding?
legendary
Activity: 1696
Merit: 1008
State of Aptum Update: September 23rd, 2019

Hello to the Aptum community!

Couple quick tidbits of information to share presently.

1.   We are working out a few kinks in the website and once completed we will be able to conduct the swap form Bullion and Mono to Aptum tokens.

2.   We are currently researching artificial intelligence and neural algorithms to further explore consensus mechanisms before finalizing the code. A quick readme.md can be perused on GitHub should anyone want to read and interact https://github.com/ClashLuke/CharNet.

3.   CharNet is being added to the investor aimed white paper being constructed.

If you have questions, please feel free to ask. If you want to get involved with the project, please reach out as well. We can be reached at any of the following:

Website: http://aptum.io/
Twitter: https://twitter.com/aptumproject
Discord: https://discord.gg/DEYNzDA
Telegram: https://t.me/aptumproject
Bitcointalk: https://bitcointalksearch.org/topic/ann-aptum-everybodys-crypto-white-paper-released-5149835
legendary
Activity: 1146
Merit: 1006
Hello hello!

I finally arrived here and I guess just in time.

I read that there is supposed to be a swap fro the CBX to BXX to APTUM in September and lasting till October. Any more details on that?

The website seems to be still under construction.
full member
Activity: 948
Merit: 110
It says internal server error when you try to check their website. When will be the approximate date of launching your website? It says from the ANN title thread that whitepaper is released. Any link for this?
If the developer or topic creator active in here, there might be information about the development of their website. But what happen is totally opposite. However for whitepaper you can read it here https://github.com/aptumproject/papers/blob/master/aptum.pdf
newbie
Activity: 76
Merit: 0
Twitter account created, please follow us!

Social:

Twitter: https://twitter.com/aptumproject
Discord: https://discord.gg/DEYNzDA
Telegram: https://t.me/aptumproject



New poll added, please vote!



5 follower on twitter, and you want be in the TOP list?
reserved for more updates...
sr. member
Activity: 1988
Merit: 275
It says internal server error when you try to check their website. When will be the approximate date of launching your website? It says from the ANN title thread that whitepaper is released. Any link for this?
hero member
Activity: 2744
Merit: 588
1.   Aptum.io website has been launched! This iteration is a work in progress and presently is desktop only. Primary objective now is getting the Aptum Token (APT) faucet up and running – anticipating August 30th release. Once this is done, additional evolution of the website will continue to include mobile compatibility. Obsiter is responsible for this portion of the project.

Some English speaker has to proof-read the website [and the future whitepaper], to make it look a bit more professional, so ambitious phrases like "AIMING TO REPLACE VISA AND PAYPAL" don't sound too funny... BTW, do one necessarily need to put unrealistic goals to attract public..?

I am not native English speaker, but typos and mistakes like "Insted", "DPoS which stands [for] Delegated Proof Of Stake" are obvious even for me. And... what does "sanic" mean? citation: "The more the nodes the more the sanic." forced me to look for "sanic" in Google, and what google showed me is this: https://i.kym-cdn.com/entries/icons/original/000/009/798/sanichedgehog.jpg. Looks a bit unrelated to the topic, and, frankly speaking if more nodes will cause "the more the sanic" I would refrain from running too many nodes Grin. Does it have to do with "sanic hegehog" which google shows? Smiley

Their website is not up again so I believe they are making changes.
Simple typos and mistakes should be corrected as it lessen the credibility of the project.
Let us see the next time it is up and running as they said wp is already released as well.
"Aiming to replace visa and paypal" is a very ambitious mission.
But if they can't proofread their site correctly, I doubt they will ever reach even half of the customers of Visa and Paypal.
newbie
Activity: 53
Merit: 0
1.   Aptum.io website has been launched! This iteration is a work in progress and presently is desktop only. Primary objective now is getting the Aptum Token (APT) faucet up and running – anticipating August 30th release. Once this is done, additional evolution of the website will continue to include mobile compatibility. Obsiter is responsible for this portion of the project.

Some English speaker has to proof-read the website [and the future whitepaper], to make it look a bit more professional, so ambitious phrases like "AIMING TO REPLACE VISA AND PAYPAL" don't sound too funny... BTW, do one necessarily need to put unrealistic goals to attract public..?

I am not native English speaker, but typos and mistakes like "Insted", "DPoS which stands [for] Delegated Proof Of Stake" are obvious even for me. And... what does "sanic" mean? citation: "The more the nodes the more the sanic." forced me to look for "sanic" in Google, and what google showed me is this: https://i.kym-cdn.com/entries/icons/original/000/009/798/sanichedgehog.jpg. Looks a bit unrelated to the topic, and, frankly speaking if more nodes will cause "the more the sanic" I would refrain from running too many nodes Grin. Does it have to do with "sanic hegehog" which google shows? Smiley

Yes, we're currently working on getting the design up and running and used something similar to the typical lorem ipsum texts, so that topics can be determined more easily.
Once that's done, the entire text on the site will be rewritten by someone whose mother tongue is english. After that, it's going to be double checked for correctness using grammarly and only then it's published.
The current website is mainly a placeholder, I'd expect the final one to be up by the beginning of november, but can't promise anything, since I'm not its developer.

In certain communities, sanic the hegehog is synonymous for incredible speed. To put numbers to it, we expect each residential node to add approximately 1.4kTPS to the speed of the sharded aptum network.
While this certainly is an incredible claim, you'll soon be able to verify my math in a more elaborate paper about our interpretation of sharding.

The future whitepaper is currently being written and is not online. We wrote an initial script to have a short description of our rough plans and I also added a couple AIPs. None of these would be used as marketing material, as they assume too much knowledge yet don't go into detail at all. The whitepaper that's currently in progress, written by chris/elambert, is much more in-depth and both humanly understandable and readable.

The ambitious phrase you criticized is not exactly "too ambitious", as this is exactly what aptum is about. Aptum is not a cryptocurrency, aptum is a payment processor leveraging decentralized computing by artificially creating trust in a trustless economy. While VISA offers instant verification of many transactions per second, Aptum uses synchronous processing to be slightly "slower" yet, thanks to the power of the crowd, much more powerful. With just 20 active residential nodes, you'll easily be able to process all non-cash transactions. Every other node adds more power to the network, which can be used to reduce fees, increase speeds and become available to more people and use cases.
The reason this works in Aptum, but not in bitcoin, is because people work together, not against eachother.



Any plans of joining blockchain evenst or roadshows? It would be great to have that and see you there!

I don't see this project actively providing information updates and I'm confused why they don't have a website? I looked for it on the first page, but nothing.

I honestly have no idea what you looked for. When looking up "aptum cryptocurrency", http://aptum.io is the 6th link. This is mostly because our website is work-in-progress and therefore has no SEO yet.

Concerning the post you quoted (which ironically I'm unable to find), I've participated in the audience and spread awareness about aptum by talking to people at cryptocurrency events. Due to us being relatively small, I doubt that any major event would even accept a talk.

In case you are in Berlin, you could send me a direct message after joining our discord server, so that we could meet at one of the various cryptocurrency events in here.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto

They're working on a few things. Remember it's a couple of devs only and they don't have any funding as of right now.
sr. member
Activity: 1451
Merit: 258
Any plans of joining blockchain evenst or roadshows? It would be great to have that and see you there!

I don't see this project actively providing information updates and I'm confused why they don't have a website? I looked for it on the first page, but nothing.
legendary
Activity: 2576
Merit: 1073
1.   Aptum.io website has been launched! This iteration is a work in progress and presently is desktop only. Primary objective now is getting the Aptum Token (APT) faucet up and running – anticipating August 30th release. Once this is done, additional evolution of the website will continue to include mobile compatibility. Obsiter is responsible for this portion of the project.

Some English speaker has to proof-read the website [and the future whitepaper], to make it look a bit more professional, so ambitious phrases like "AIMING TO REPLACE VISA AND PAYPAL" don't sound too funny... BTW, do one necessarily need to put unrealistic goals to attract public..?

I am not native English speaker, but typos and mistakes like "Insted", "DPoS which stands [for] Delegated Proof Of Stake" are obvious even for me. And... what does "sanic" mean? citation: "The more the nodes the more the sanic." forced me to look for "sanic" in Google, and what google showed me is this: https://i.kym-cdn.com/entries/icons/original/000/009/798/sanichedgehog.jpg. Looks a bit unrelated to the topic, and, frankly speaking if more nodes will cause "the more the sanic" I would refrain from running too many nodes Grin. Does it have to do with "sanic hegehog" which google shows? Smiley
legendary
Activity: 1708
Merit: 1000
Solarcoin.org
I haven't run my bullion wallet for some time. Watching this.
legendary
Activity: 1696
Merit: 1008
New poll added, please vote!

After five days, the results of the vote are in.
After summing up the votes of the telegram channel and bitcointalk, we have eleven votes for nine decimals, two votes for 6 decimals and one vote for no decimals.

That's 78.5% for nine decimals, which means that this option won the poll with a strong lead.

I like this outcome, 1 cent per coin at ICO was my vote as well



Follow Aptum development and improvement proposals here:

https://github.com/aptumproject/papers/tree/AIPs



State of Aptum Update: August 20th, 2019

Hello to the Aptum community! We have been working diligently behind the scenes preparing and putting pieces into place for our official launch and ICO. We are now at a point where things are coming together, and we have news to share on a consistent and tangible basis. This is the first of our official monthly updates (look for them mid-month) that will be presented to include a summary of the happenings occurring.

1.   Aptum.io website has been launched! This iteration is a work in progress and presently is desktop only. Primary objective now is getting the Aptum Token (APT) faucet up and running – anticipating August 30th release. Once this is done, additional evolution of the website will continue to include mobile compatibility. Obsiter is responsible for this portion of the project.

2.   We are now moving to C#, since Microsoft has implemented .NET Core which allows the execution of .NET Code (C#) on any operating system and architecture. This includes ARM-based devices, such as IoT devices or phones, two things we previously were not able to support. Lucas is rebuilding code from C into C# while also migrating old framework to our new framework.

3.   White Paper aimed at investors is being written. The approach here is to take the complex and technical aspects of the Aptum project and break them down into easy to understand concepts and language where the less technical can easily comprehend them. As the segments are completed, they will be released individually for public consumption as the next piece is authored for release. Once the complete body is finalized, it will be compiled and published. The segment on Sharding is underway and will be the first piece released. Chris (Elambert) is handling this task.

Exciting times rolling out now, we are looking forward too much more interaction with the current community as well as building. If you have questions, please feel free to ask. If you want to get involved with the project, please reach out as well. We can be reached at any of the following:

Website: http://aptum.io/
Twitter: https://twitter.com/aptumproject
Discord: https://discord.gg/DEYNzDA
Telegram: https://t.me/aptumproject
Bitcointalk: https://bitcointalksearch.org/topic/ann-aptum-everybodys-crypto-white-paper-released-5149835
newbie
Activity: 53
Merit: 0
New poll added, please vote!

After five days, the results of the vote are in.
After summing up the votes of the telegram channel and bitcointalk, we have eleven votes for nine decimals, two votes for 6 decimals and one vote for no decimals.

That's 78.5% for nine decimals, which means that this option won the poll with a strong lead.
newbie
Activity: 6
Merit: 0
The Aptum Token [APT] has been launched on the ethereum mainnet and can be found in here
https://etherscan.io/token/0x83f77849243678979b52c85e25b939588b256f77

ICO price and faucet rewards are TBD, we expect them to launch next month.


it is a good job. the team operates promptly. it looks promising. I will keep track of this coin.

Agreed, great crypto! Keeping an eye on it!
legendary
Activity: 1696
Merit: 1008
Twitter account created, please follow us!

Social:

Twitter: https://twitter.com/aptumproject
Discord: https://discord.gg/DEYNzDA
Telegram: https://t.me/aptumproject



New poll added, please vote!
newbie
Activity: 53
Merit: 0
I voted. But whatever majority vote for, is a good indication what people want.

Could you explain a little bit more what these mean? Or be specific as to what the large, medium, and small mean in terms of actual numbers and digits. Like, is it 1B, 1M, and 10M or 100M ...

Currently the base reward per block is being debated. It may be 1'000'000 coins (large), 1'000 coins (medium) or 1 coin (small) as a block reward.
With a target for the block time of about 15 seconds, we will have the following three emissions as possibilities:
When using the large supply, 2.19 trillion coins would be emitted every year.
When using the medium supply, 2.19 billion coins would be emitted every year.
When using the small supply, 2.19 million coins would be emitted every year.
Since the number of atomic units will stay the same, the question only is how many decimals to use. None for a large supply, 3 for a medium supply and 6 for a low supply.

Who needs emission anyway, am I rite?

Are there any thoughts in here on having no emission of new coins but still have a transaction fee? This way you cant say that new coins are created unfairly and that the rich get richer while the poor get poorer.
With 1000 DPoS nodes, a 2ct transaction fee and a maximum utilization of the resources the network has, a node would still make 76M USD/Year.

Interesting.

Although I do think a small amount of growth is needed to account for lost/forgotten and misspent coins.
Without the creation of new coins Aptum would be deflationary.

People tend to hold on to things that become scarce over time.

The numbers that we are dealing with, in regard to the total supply of Aptum, may not make much difference within the distant future. However I think there needs to be a balance to ensure the active supply remains somewhat constant.

The best way I would know to implement such a system without generating new coins would be to take from everyone and give to the active.
The issue with that is, you'll lose coins over time if you are not active or do not hold enough coins to be a validator node. If you simply vote for a delegate you are still counted as an inactive node, since you provide no service to the network.

Difficult situation, I agree. Care to discuss it?

I am currently looking into different versions how to implement the P2P protocol as well as the DPoS protocol. Feeless currencies and their incentive for you to include transactions and propagate the network are also being researched right now.
If you've got any resources about these or any more thoughts on the discussion above, please share them with me.
hero member
Activity: 750
Merit: 503
I voted. But whatever majority vote for, is a good indication what people want.

Could you explain a little bit more what these mean? Or be specific as to what the large, medium, and small mean in terms of actual numbers and digits. Like, is it 1B, 1M, and 10M or 100M ...

Currently the base reward per block is being debated. It may be 1'000'000 coins (large), 1'000 coins (medium) or 1 coin (small) as a block reward.
With a target for the block time of about 15 seconds, we will have the following three emissions as possibilities:
When using the large supply, 2.19 trillion coins would be emitted every year.
When using the medium supply, 2.19 billion coins would be emitted every year.
When using the small supply, 2.19 million coins would be emitted every year.
Since the number of atomic units will stay the same, the question only is how many decimals to use. None for a large supply, 3 for a medium supply and 6 for a low supply.

Who needs emission anyway, am I rite?

Are there any thoughts in here on having no emission of new coins but still have a transaction fee? This way you cant say that new coins are created unfairly and that the rich get richer while the poor get poorer.
With 1000 DPoS nodes, a 2ct transaction fee and a maximum utilization of the resources the network has, a node would still make 76M USD/Year.

Interesting.

Although I do think a small amount of growth is needed to account for lost/forgotten and misspent coins.
Without the creation of new coins Aptum would be deflationary.

People tend to hold on to things that become scarce over time.

The numbers that we are dealing with, in regard to the total supply of Aptum, may not make much difference within the distant future. However I think there needs to be a balance to ensure the active supply remains somewhat constant.

legendary
Activity: 1696
Merit: 1008
The Aptum Token [APT] has been launched on the ethereum mainnet and can be found in here
https://etherscan.io/token/0x83f77849243678979b52c85e25b939588b256f77

ICO price and faucet rewards are TBD, we expect them to launch next month.


Very exciting, project is moving along nicely Cheesy
newbie
Activity: 53
Merit: 0
The official Aptum discord server is now available in here: https://discord.gg/DEYNzDA




The official Aptum discord server is now available in here: https://discord.gg/DEYNzDA


An official telegram channel for Aptum has been created in here: https://t.me/aptumproject
As of right now, there is only one bot to prevent spam. Further testing is required.



The Aptum Token [APT] has been launched on the ethereum mainnet and can be found in here
https://etherscan.io/token/0x83f77849243678979b52c85e25b939588b256f77

ICO price and faucet rewards are TBD, we expect them to launch next month.
legendary
Activity: 1696
Merit: 1008
I voted. But whatever majority vote for, is a good indication what people want.

Could you explain a little bit more what these mean? Or be specific as to what the large, medium, and small mean in terms of actual numbers and digits. Like, is it 1B, 1M, and 10M or 100M ...

Currently the base reward per block is being debated. It may be 1'000'000 coins (large), 1'000 coins (medium) or 1 coin (small) as a block reward.
With a target for the block time of about 15 seconds, we will have the following three emissions as possibilities:
When using the large supply, 2.19 trillion coins would be emitted every year.
When using the medium supply, 2.19 billion coins would be emitted every year.
When using the small supply, 2.19 million coins would be emitted every year.
Since the number of atomic units will stay the same, the question only is how many decimals to use. None for a large supply, 3 for a medium supply and 6 for a low supply.

Who needs emission anyway, am I rite?

Are there any thoughts in here on having no emission of new coins but still have a transaction fee? This way you cant say that new coins are created unfairly and that the rich get richer while the poor get poorer.
With 1000 DPoS nodes, a 2ct transaction fee and a maximum utilization of the resources the network has, a node would still make 76M USD/Year.

What we are talking about here is a zero inflation (emission) coin. All coins (outside of the pre-selected percentage that are swapped to MONO and Bullion holders) would be distributed via faucet (for free) for a pre-determined amount of time (3-6 months). Then as Lucas mentioned, the network would run via DPoS processors whose earnings for their network contributions (transaction processing) would come from ultra-low transaction fees paid by coin senders.
newbie
Activity: 53
Merit: 0
I voted. But whatever majority vote for, is a good indication what people want.

Could you explain a little bit more what these mean? Or be specific as to what the large, medium, and small mean in terms of actual numbers and digits. Like, is it 1B, 1M, and 10M or 100M ...

Currently the base reward per block is being debated. It may be 1'000'000 coins (large), 1'000 coins (medium) or 1 coin (small) as a block reward.
With a target for the block time of about 15 seconds, we will have the following three emissions as possibilities:
When using the large supply, 2.19 trillion coins would be emitted every year.
When using the medium supply, 2.19 billion coins would be emitted every year.
When using the small supply, 2.19 million coins would be emitted every year.
Since the number of atomic units will stay the same, the question only is how many decimals to use. None for a large supply, 3 for a medium supply and 6 for a low supply.

Who needs emission anyway, am I rite?

Are there any thoughts in here on having no emission of new coins but still have a transaction fee? This way you cant say that new coins are created unfairly and that the rich get richer while the poor get poorer.
With 1000 DPoS nodes, a 2ct transaction fee and a maximum utilization of the resources the network has, a node would still make 76M USD/Year.
legendary
Activity: 1696
Merit: 1008
Interested, do you have a telegram channel, discord or a twitter i can follow as well? If you need graphics i might be able to help.

I just noticed your offer about graphics, thank you very much, that would be amazing if you could help.
I'll ask our web developer to send you a private message, if that's okay with you.

He did, i answered in few days because i didn't pay attention to pm. But i haven't heard a reply yet Smiley. I'll wait though.

Thank you so much for the offer! However we have added an Art Director to the team so we are all set at the moment. We will certainly reach out to you should we need additional assistance.
sr. member
Activity: 994
Merit: 278
Interested, do you have a telegram channel, discord or a twitter i can follow as well? If you need graphics i might be able to help.

I just noticed your offer about graphics, thank you very much, that would be amazing if you could help.
I'll ask our web developer to send you a private message, if that's okay with you.

He did, i answered in few days because i didn't pay attention to pm. But i haven't heard a reply yet Smiley. I'll wait though.
hero member
Activity: 750
Merit: 503
Aptum logo was created and has been added to the thread, community feedback would be very much appreciated.

Looks good. Nice simple design
newbie
Activity: 53
Merit: 0
Voted DPoS. Energy efficiency will be a large factor in the success of crypto's in the not too distant future.
Will be interesting to see how the development of this version of PoS goes.

Thank you for your trust!



After a week, there are nine votes for DPoS and three votes for PoA.
Congratulations everyone who voted for DPoS!



Aptum logo was created and has been added to the thread, community feedback would be very much appreciated.
hero member
Activity: 750
Merit: 503
Voted DPoS. Energy efficiency will be a large factor in the success of crypto's in the not too distant future.
Will be interesting to see how the development of this version of PoS goes.
newbie
Activity: 53
Merit: 0
Thanks for the explanation.

So in DPoS will there be no coin age requirement?

If coins are not burned, then the same input that staked the current block, would be eligible to stake the block after?

Will the preselected validators nodes, be nodes ran by yourself and others on your team?
If so, as the network grows and matures, would you be looking at a way to address this and allow the network to be more decentralised?

In the current implementation, DPoS has no requirement of coin age, correct.

You can use your funds to stake every block, correct; but it's not entirely the same as PoS, as you don't ralley towards being the first to get the block, but instead define someone who creates the next block right after the previous block was published.

The validator nodes have no requirement other than someone staking more than a certain percentage. I personally favour the usage of 0.1% in the initial stage, but it can be reduced later on. Therefore it is entirely dependent on the size of the developer fund which is currently being discussed.
hero member
Activity: 750
Merit: 503
Thanks for the explanation.

So in DPoS will there be no coin age requirement?

If coins are not burned, then the same input that staked the current block, would be eligible to stake the block after?

Will the preselected validators nodes, be nodes ran by yourself and others on your team?
If so, as the network grows and matures, would you be looking at a way to address this and allow the network to be more decentralised?




newbie
Activity: 53
Merit: 0
Could DPos and POA be briefly explained so I know what I'm voting for?



DPoS would basically be PoS with preselected validators which have to be online.
If a validator is not online, the block will be skipped.
DPoS is chosen instead of PoS to have a minimum weight for every participant, which ensures that the block creator will be online.
In the beginning, I would like to set the minimum to 0.1%, which of course would be lowered later on.

PoA is PoW combined with PoS, to ensure that there are no 51% attacks and no orphans. First one will randomly find a proof of work block and submit it. Then 100 previously selected (dependent on the previous block) validators will sign the block, and if one of them did not sign the block, the block will be invalid and you will be forced to wait for the next one.

PoA would be much more difficult to implement, add more garbage that has to be sent from one node to another. It would drastically increase the time needed for each block to be confirmed, implying that the block time has to be increased from 15s to 2 minutes or more, increasing the average confirmation time to approximately six minutes, assuming just 1% of the nodes are offline; with 10% of the nodes being offline, it would be one block every 26 days.

On the other hand PoA would be the only way of having not just a decentralised, but also a distributed consensus.

As you might see, I, as the developer and visionary, definitely vote for DPoS, because this is much better for the future of the network.
Unless someone has a better solution, I will vote for DPoS, but I can also see why other people would vote for the only way of having a distributed consensus that's resistant against orphans.

Thanks


DPos sounds a little too centralized, but I do understand the selected validators are needed to ensure the network is secure when using super fast block times.
Would it be possible to for the network to randomly select which nodes are validators periodically, for a determined number of blocks, then repeat?
Such nodes would need to qualify in some way to validate, ( time online, balance, connectivity etc).


Is the proof of work in your version of POA really needed?
In pure POS currencies you would need 51% of the coins to attack the network, why would you want to attack something you have a 51% stake in?
This version of POA sounds a little too complicated.

Can bullions POS algorithm not be used and tweaked to how you need it? I like what was done with it, and it works really well.

DPoS is just like normal PoS, with the tiny change that there is a minimum requirement for hosting a node. Just like how hosting a masternode requires some minimum, but in DPoS you dont have to burn your coins to form a collateral.

PoA needs PoW and PoS to have security against 51% attacks from both sides, the complexity of forcing 100 people to sign the block is a requirement to be secure against orphans and chain splits.
Those would kill the coin and have to be avoided at any cost.

Therefore, no, it is not possible to use or adapt a casual PoS, because you either have to skip a large portion of the blocks or predefine the one and only validator to make sure that there are no chain splits.

Since predefining a validator is much better on a pure efficiency basis, but might be slightly worse if you are trying to achieve an unweighted distributed consensus, I would go for DPoS all day. Just think about how PoW is. You can theoretically participate, but you seriously have no chance of getting a block whatsoever. Additionally, there are mining farms which will always be more efficient than you are, which basically kick you out, unless the coin doubles its price; and to even have a chance of getting any rewards, you join a pool. Why not join a pool in here? All you need to do is form a trusted group (or trustless group using smart contracts) and let one participant set up a validator. Other than defining the maximum number of pools (which can be changed in forks), there is no real change compared to a PoW network. I mean, other than that it is PoS not PoW, but PoW is just PoS with more layers.



Interested, do you have a telegram channel, discord or a twitter i can follow as well? If you need graphics i might be able to help.

I just noticed your offer about graphics, thank you very much, that would be amazing if you could help.
I'll ask our web developer to send you a private message, if that's okay with you.
hero member
Activity: 750
Merit: 503
Could DPos and POA be briefly explained so I know what I'm voting for?



DPoS would basically be PoS with preselected validators which have to be online.
If a validator is not online, the block will be skipped.
DPoS is chosen instead of PoS to have a minimum weight for every participant, which ensures that the block creator will be online.
In the beginning, I would like to set the minimum to 0.1%, which of course would be lowered later on.

PoA is PoW combined with PoS, to ensure that there are no 51% attacks and no orphans. First one will randomly find a proof of work block and submit it. Then 100 previously selected (dependent on the previous block) validators will sign the block, and if one of them did not sign the block, the block will be invalid and you will be forced to wait for the next one.

PoA would be much more difficult to implement, add more garbage that has to be sent from one node to another. It would drastically increase the time needed for each block to be confirmed, implying that the block time has to be increased from 15s to 2 minutes or more, increasing the average confirmation time to approximately six minutes, assuming just 1% of the nodes are offline; with 10% of the nodes being offline, it would be one block every 26 days.

On the other hand PoA would be the only way of having not just a decentralised, but also a distributed consensus.

As you might see, I, as the developer and visionary, definitely vote for DPoS, because this is much better for the future of the network.
Unless someone has a better solution, I will vote for DPoS, but I can also see why other people would vote for the only way of having a distributed consensus that's resistant against orphans.

Thanks


DPos sounds a little too centralized, but I do understand the selected validators are needed to ensure the network is secure when using super fast block times.
Would it be possible to for the network to randomly select which nodes are validators periodically, for a determined number of blocks, then repeat?
Such nodes would need to qualify in some way to validate, ( time online, balance, connectivity etc).


Is the proof of work in your version of POA really needed?
In pure POS currencies you would need 51% of the coins to attack the network, why would you want to attack something you have a 51% stake in?
This version of POA sounds a little too complicated.

Can bullions POS algorithm not be used and tweaked to how you need it? I like what was done with it, and it works really well.










newbie
Activity: 53
Merit: 0
Interested, do you have a telegram channel, discord or a twitter i can follow as well? If you need graphics i might be able to help.

I'm afraid aptum currently has no community channels, as its still in its initial steps.
If you want to, you could however join the communities of both predecessors.
Bullion Telegram Channel: https://t.me/joinchat/FkBLVEimXQscVn1cetdd4g
Mono Discord Server: https://discord.gg/mbgWXgJ
sr. member
Activity: 994
Merit: 278
Interested, do you have a telegram channel, discord or a twitter i can follow as well? If you need graphics i might be able to help.
newbie
Activity: 53
Merit: 0
Could DPos and POA be briefly explained so I know what I'm voting for?

DPoS would basically be PoS with preselected validators which have to be online.
If a validator is not online, the block will be skipped.
DPoS is chosen instead of PoS to have a minimum weight for every participant, which ensures that the block creator will be online.
In the beginning, I would like to set the minimum to 0.1%, which of course would be lowered later on.

PoA is PoW combined with PoS, to ensure that there are no 51% attacks and no orphans. First one will randomly find a proof of work block and submit it. Then 100 previously selected (dependent on the previous block) validators will sign the block, and if one of them did not sign the block, the block will be invalid and you will be forced to wait for the next one.

PoA would be much more difficult to implement, add more garbage that has to be sent from one node to another. It would drastically increase the time needed for each block to be confirmed, implying that the block time has to be increased from 15s to 2 minutes or more, increasing the average confirmation time to approximately six minutes, assuming just 1% of the nodes are offline; with 10% of the nodes being offline, it would be one block every 26 days.

On the other hand PoA would be the only way of having not just a decentralised, but also a distributed consensus.

As you might see, I, as the developer and visionary, definitely vote for DPoS, because this is much better for the future of the network.
Unless someone has a better solution, I will vote for DPoS, but I can also see why other people would vote for the only way of having a distributed consensus that's resistant against orphans.
hero member
Activity: 750
Merit: 503
Could DPos and POA be briefly explained so I know what I'm voting for?
newbie
Activity: 53
Merit: 0
I am closing the poll question: Which economic design do you like best for an actual currency?

Result winner is:
Medium | Compromise between Large and Small (uses 3 decimals) ---- 55% of the vote

Second place:
Small | Like Bitcoin (uses 6 decimals) ---- 44% of the vote

Last place with zero votes:
Large | Millions as the casual unit (avoids decimals) ---- 0% of votes

I will mention that killiz had an interesting alternative solution of using 2 decimal places as most of the world is comfortable with this level of decimal usage (as in fiat). We will keep this option in mind, I personally favor it.

Thank you all for participating.

The poll in telegram had four votes for a large supply and three votes for a medium supply, resulting in 4 votes for a small supply, 4 votes for a large supply and 8 votes for a medium supply. The "medium supply"-option won with a strong lead.
legendary
Activity: 1696
Merit: 1008
I am closing the poll question: Which economic design do you like best for an actual currency?

Result winner is:
Medium | Compromise between Large and Small (uses 3 decimals) ---- 55% of the vote

Second place:
Small | Like Bitcoin (uses 6 decimals) ---- 44% of the vote

Last place with zero votes:
Large | Millions as the casual unit (avoids decimals) ---- 0% of votes

I will mention that killiz had an interesting alternative solution of using 2 decimal places as most of the world is comfortable with this level of decimal usage (as in fiat). We will keep this option in mind, I personally favor it.

Thank you all for participating.



New poll has been added:

Feel free to vote only, however if you want to supply your reasoning with a comment, this is greatly encouraged and appreciated.
newbie
Activity: 53
Merit: 0
I recently updated the whitepaper to further improve checkpoints, or states, and reduce the size of the chain (for newly synchronizing people) to a couple megabytes.
Read through the most recent update in here: https://github.com/aptumproject/papers/blob/master/aptum.pdf

This is what true scalability looks like!



A new poll has been added to the telegram group, a poll to determine whether DPoS or PoA (Proof of Activity; PoW+PoS) should be used as our consensus mechanism.
To vote, please comment your preferred choice (DPoS/PoA) or vote in the bullion telegram channel, which can be joined here: https://t.me/joinchat/Huox0UimXQuZyNaupwJp-Q
It's important to note that while you can add your personal reason why you chose a specific algorithm, you don't necessarily have to. It may help others decide in favour of your choice.

legendary
Activity: 1696
Merit: 1008
Interesting article outlining the detriments (massive energy consumption and carbon dioxide emission) inherent with proof-of-work algorithms such as Bitcoin and Ethereum.

https://www.technologyreview.com/s/613658/bitcoin-mining-may-be-pumping-out-as-much-cosub2-sub-per-year-as-kansas-city/

This is one of the primary reasons we have selected proof-of-stake for the Aptum project. Additional to this, proof-of-stake as approached via our Pure-Proof-of-Stake implementation fosters network security and decentralization by rewarding only active participants with little financial barrier to entry.
hero member
Activity: 2156
Merit: 711
Telegram @tokensfund
Closely following this project.
newbie
Activity: 53
Merit: 0
I've just read the whitepaper. Very interesting and exciting proposal

Thank you very much. You might want to bookmark the repository, since this is where future papers and updates will be uploaded to.
legendary
Activity: 1696
Merit: 1008
White paper link added to OP
newbie
Activity: 53
Merit: 0
The upper number of coins is not important. Just that the last 2 digits are 100th of a full unit, like most currencies.

100 x mXYX = 1XYZ

Not like bitcoin which is:

10000000 x 1 satoshi = 1 bitcoin

For example bitcoin is 000000.00000000

My proposal is 000000000.00

The last two digits being a 100th of an Aptum

I dont understand.
mXYZ is milli-XYZ -> thousandths.

I know what you mean by "using two digets - not three - not none - two".
The issue is that the emission in atomic units is set right now.
So we emit one million atomic units, and the question is - where to put the digets.
If you want to have two digets, we could either use the same design as before, and emit 10k coins - or we reduce it to 1k.
Reducing it to 1k would make us use a more beautiful number and have 10x smaller emission.
Staying at 10k would have an emission of 22 billion whole coins per year.

Ok then cXYZ

I'm not clever enough to comment on the emissions, but if I had the choice, I wouldn't want them to be pig ugly



Perfect! So you would recommend an emission of 1000 coins per block and the usage of two digets if I understand correctly?
My proposal would be the same thing, but three digets, to allow for higher accuracy (if needed).


Yes, 1000 sounds good. If it is possible to use 2 digits I'd go for that, as most are familiar with using currencies like this.
I'm unsure if there are any other cryptos that only use 2 decimals out there? Maybe Aptum would be the first.

It is possible to use two digits, yes - on the other hand - without changing much, other than adding another digit - we could also use three digits.
The most famous cryptocurreny I know that uses two digits is turtlecoin (#500 on coingecko).

Pro two digits: They would allow for a 10x higher (theoretical) maximum supply (184 trillion).
Con two digits (in contrast to 3): Since it would take already take over 9000 years to reach the supply, we don't need to make that 90'000 (assuming maximum emission).



Hello,
Do You have the bounty?

That depends, as of right now, there is no marketing campaign set up implying that there is no bounty right now.
However we will shortly, or more precise: within the next two months, release a website. With the release of that site the marketing can officially start, including possible bounties.

Other than that, there is only one thing that is fixed. A faucet that can be used to redeem funds. This will be similar to what Nano (previously RaiBlocks) did. See here: https://medium.com/@DecentRally/raiblocks-is-what-bitcoin-should-have-been-from-the-start-1d91c4c61d2d
This allows us to distribute coins fairly without giving them away for free.
hero member
Activity: 750
Merit: 503
The upper number of coins is not important. Just that the last 2 digits are 100th of a full unit, like most currencies.

100 x mXYX = 1XYZ

Not like bitcoin which is:

10000000 x 1 satoshi = 1 bitcoin

For example bitcoin is 000000.00000000

My proposal is 000000000.00

The last two digits being a 100th of an Aptum

I dont understand.
mXYZ is milli-XYZ -> thousandths.

I know what you mean by "using two digets - not three - not none - two".
The issue is that the emission in atomic units is set right now.
So we emit one million atomic units, and the question is - where to put the digets.
If you want to have two digets, we could either use the same design as before, and emit 10k coins - or we reduce it to 1k.
Reducing it to 1k would make us use a more beautiful number and have 10x smaller emission.
Staying at 10k would have an emission of 22 billion whole coins per year.

Ok then cXYZ

I'm not clever enough to comment on the emissions, but if I had the choice, I wouldn't want them to be pig ugly



Perfect! So you would recommend an emission of 1000 coins per block and the usage of two digets if I understand correctly?
My proposal would be the same thing, but three digets, to allow for higher accuracy (if needed).


Yes, 1000 sounds good. If it is possible to use 2 digits I'd go for that, as most are familiar with using currencies like this.
I'm unsure if there are any other cryptos that only use 2 decimals out there? Maybe Aptum would be the first.



I've just read the whitepaper. Very interesting and exciting proposal
newbie
Activity: 36
Merit: 0
Hello,
Do You have the bounty?
newbie
Activity: 53
Merit: 0
The upper number of coins is not important. Just that the last 2 digits are 100th of a full unit, like most currencies.

100 x mXYX = 1XYZ

Not like bitcoin which is:

10000000 x 1 satoshi = 1 bitcoin

For example bitcoin is 000000.00000000

My proposal is 000000000.00

The last two digits being a 100th of an Aptum

I dont understand.
mXYZ is milli-XYZ -> thousandths.

I know what you mean by "using two digets - not three - not none - two".
The issue is that the emission in atomic units is set right now.
So we emit one million atomic units, and the question is - where to put the digets.
If you want to have two digets, we could either use the same design as before, and emit 10k coins - or we reduce it to 1k.
Reducing it to 1k would make us use a more beautiful number and have 10x smaller emission.
Staying at 10k would have an emission of 22 billion whole coins per year.

Ok then cXYZ

I'm not clever enough to comment on the emissions, but if I had the choice, I wouldn't want them to be pig ugly



Perfect! So you would recommend an emission of 1000 coins per block and the usage of two digets if I understand correctly?
My proposal would be the same thing, but three digets, to allow for higher accuracy (if needed).
hero member
Activity: 750
Merit: 503
The upper number of coins is not important. Just that the last 2 digits are 100th of a full unit, like most currencies.

100 x mXYX = 1XYZ

Not like bitcoin which is:

10000000 x 1 satoshi = 1 bitcoin

For example bitcoin is 000000.00000000

My proposal is 000000000.00

The last two digits being a 100th of an Aptum

I dont understand.
mXYZ is milli-XYZ -> thousandths.

I know what you mean by "using two digets - not three - not none - two".
The issue is that the emission in atomic units is set right now.
So we emit one million atomic units, and the question is - where to put the digets.
If you want to have two digets, we could either use the same design as before, and emit 10k coins - or we reduce it to 1k.
Reducing it to 1k would make us use a more beautiful number and have 10x smaller emission.
Staying at 10k would have an emission of 22 billion whole coins per year.

Ok then cXYZ

I'm not clever enough to comment on the emissions, but if I had the choice, I wouldn't want them to be pig ugly

newbie
Activity: 53
Merit: 0
The upper number of coins is not important. Just that the last 2 digits are 100th of a full unit, like most currencies.

100 x mXYX = 1XYZ

Not like bitcoin which is:

10000000 x 1 satoshi = 1 bitcoin

For example bitcoin is 000000.00000000

My proposal is 000000000.00

The last two digits being a 100th of an Aptum

I dont understand.
mXYZ is milli-XYZ -> thousandths.

I know what you mean by "using two digets - not three - not none - two".
The issue is that the emission in atomic units is set right now.
So we emit one million atomic units, and the question is - where to put the digets.
If you want to have two digets, we could either use the same design as before, and emit 10k coins - or we reduce it to 1k.
Reducing it to 1k would make us use a more beautiful number and have 10x smaller emission.
Staying at 10k would have an emission of 22 billion whole coins per year.



The aptum whitepaper is released and can be viewed here: https://github.com/aptumproject/papers/blob/master/aptum.pdf
hero member
Activity: 750
Merit: 503
The upper number of coins is not important. Just that the last 2 digits are 100th of a full unit, like most currencies.

100 x mXYX = 1XYZ

Not like bitcoin which is:

10000000 x 1 satoshi = 1 bitcoin

For example bitcoin is 000000.00000000

My proposal is 000000000.00

The last two digits being a 100th of an Aptum



Could you make a currency with a large supply but with only 2 decimal places? For example, 00000000000.00



I really like that idea Killiz. Everyone is used to using 2 decimal places.

Exactly!

Nobody wants to use fractions of a penny to buy things. No matter how much that penny can buy
newbie
Activity: 53
Merit: 0
Could you make a currency with a large supply but with only 2 decimal places? For example, 00000000000.00




I have to ask, do you mean two decimals with 10'000x the normal emission, so that instead of 2.2M coins per year (small supply) 22bln coins per year emitted. Or do you mean that two decimals with 1000x the emission and 10'000x the maximum supply?
legendary
Activity: 1696
Merit: 1008
Could you make a currency with a large supply but with only 2 decimal places? For example, 00000000000.00



I really like that idea Killiz. Everyone is used to using 2 decimal places.
hero member
Activity: 750
Merit: 503
Could you make a currency with a large supply but with only 2 decimal places? For example, 00000000000.00

legendary
Activity: 1696
Merit: 1008

Was looking for website but then I saw roadmap that your website will be launched this Aug.
And by the way, are you gonna disclose also your partners with this project?


Yes, our partners will be disclosed.
newbie
Activity: 53
Merit: 0
Sorry, asked this in the wrong thread (bullion thread). Will this coin be a cryptonote? New coin? Or?

Unfortunately it will not be a cryptonote, no. Aptum is a completely new cryptocurrency written from scratch.

Is it anonymous?

The current design is built to be as small and adaptable as possible, to allow for (global) adoption. Since protocols allowing anonymity (such as ring signatures, zk-SNARKS or Zerocoin) require more space on the blockchain, unfortunately we cant implement them right now.



Ann in June, but, Ann will be edited on this place?
I will reserved.

That is correct, the announcement currently covers nothing but a roadmap for the first two years.
We are currently rewriting the list of innovations to be humanly readable.
Our plans are established internally but have to be reviewed and audited right now, to ensure that our partners agree with it. Additionally we are calculating everything once again so that we don't overshoot our budget nor undershoot our targets.
As you've already noticed, all this information will be made public during this month. Stay tuned!

Was looking for website but then I saw roadmap that your website will be launched this Aug.
And by the way, are you gonna disclose also your partners with this project?

I voted. But whatever majority vote for, is a good indication what people want.

Could you explain a little bit more what these mean? Or be specific as to what the large, medium, and small mean in terms of actual numbers and digits. Like, is it 1B, 1M, and 10M or 100M ...

Another note on your comment, there is another poll in the bullion community telegram channel. If you want to, you could vote twice by joining here: https://t.me/joinchat/FkBLVEimXQscVn1cetdd4g


Voted as well. But if I may suggest, don't create this project with huge amount of coins.

A large supply is a necessity for a functioning economy. There is a reason all leading currencies have large supplies. For the general user, it's easier to use a currency that allows you to pay in whole units instead of thousandths of a whole unit. Additionally there is some psychological advantage of holding whole coins instead of fractions. Even if the whole coin is worth less, people still like it (better).

Your other question will be answered by elambert.

hero member
Activity: 2744
Merit: 588
Ann in June, but, Ann will be edited on this place?
I will reserved.

That is correct, the announcement currently covers nothing but a roadmap for the first two years.
We are currently rewriting the list of innovations to be humanly readable.
Our plans are established internally but have to be reviewed and audited right now, to ensure that our partners agree with it. Additionally we are calculating everything once again so that we don't overshoot our budget nor undershoot our targets.
As you've already noticed, all this information will be made public during this month. Stay tuned!

Was looking for website but then I saw roadmap that your website will be launched this Aug.
And by the way, are you gonna disclose also your partners with this project?

I voted. But whatever majority vote for, is a good indication what people want.

Could you explain a little bit more what these mean? Or be specific as to what the large, medium, and small mean in terms of actual numbers and digits. Like, is it 1B, 1M, and 10M or 100M ...

Another note on your comment, there is another poll in the bullion community telegram channel. If you want to, you could vote twice by joining here: https://t.me/joinchat/FkBLVEimXQscVn1cetdd4g


Voted as well. But if I may suggest, don't create this project with huge amount of coins.
newbie
Activity: 53
Merit: 0
I voted. But whatever majority vote for, is a good indication what people want.

Could you explain a little bit more what these mean? Or be specific as to what the large, medium, and small mean in terms of actual numbers and digits. Like, is it 1B, 1M, and 10M or 100M ...

Another note on your comment, there is another poll in the bullion community telegram channel. If you want to, you could vote twice by joining here: https://t.me/joinchat/FkBLVEimXQscVn1cetdd4g
newbie
Activity: 6
Merit: 0
Sorry, asked this in the wrong thread (bullion thread). Will this coin be a cryptonote? New coin? Or?

Unfortunately it will not be a cryptonote, no. Aptum is a completely new cryptocurrency written from scratch.

Is it anonymous?
newbie
Activity: 53
Merit: 0
I voted. But whatever majority vote for, is a good indication what people want.

Could you explain a little bit more what these mean? Or be specific as to what the large, medium, and small mean in terms of actual numbers and digits. Like, is it 1B, 1M, and 10M or 100M ...

Currently the base reward per block is being debated. It may be 1'000'000 coins (large), 1'000 coins (medium) or 1 coin (small) as a block reward.
With a target for the block time of about 15 seconds, we will have the following three emissions as possibilities:
When using the large supply, 2.19 trillion coins would be emitted every year.
When using the medium supply, 2.19 billion coins would be emitted every year.
When using the small supply, 2.19 million coins would be emitted every year.
Since the number of atomic units will stay the same, the question only is how many decimals to use. None for a large supply, 3 for a medium supply and 6 for a low supply.



Sorry, asked this in the wrong thread (bullion thread). Will this coin be a cryptonote? New coin? Or?

Unfortunately it will not be a cryptonote, no. Aptum is a completely new cryptocurrency written from scratch.
newbie
Activity: 6
Merit: 0
Sorry, asked this in the wrong thread (bullion thread). Will this coin be a cryptonote? New coin? Or?
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
I voted. But whatever majority vote for, is a good indication what people want.

Could you explain a little bit more what these mean? Or be specific as to what the large, medium, and small mean in terms of actual numbers and digits. Like, is it 1B, 1M, and 10M or 100M ...
legendary
Activity: 1696
Merit: 1008
Announcement posted to Bullion steemit page:

https://steemit.com/cryptocurrency/@cbx/bullion-mono-collaboration-ann

https://steemit.com/cryptocurrency/@cbx/aptum-ann-from-bitcointalk



I have added a poll to the top of this thread. Please vote and give us feedback.

We need to have a large supply to be used as a currency.
We can either have a very large supply and say that 1M is the casual unit.
We could also say that we have a much smaller supply and use six decimals.
The last option would be a medium supply (not much smaller) with three decimals.
hero member
Activity: 750
Merit: 503
18.4 billion supply of mono?

1:1 exchange for CBX?

What's the supply of Aptum?

Since MONO is still in the ICO phase, that is not the case.
8.2 million MMONO have been premined and are being sold in an ICO, 1.2% are given to an anonymous solidity developer and MONO worth of 50USD have been sold.
By looking at the USD price, we can assure everyone having a fair exchange rate - so it doesn't matter what community come from.

The supply of Aptum is currently being discussed, but it will be fundamentally larger than the supply of bullion.
This is done to create a currency instead of an asset.
An anonymous user called "L" had a great explanation of it in the bullion telegram channel, which can be joined here: https://t.me/joinchat/FkBLVEimXQscVn1cetdd4g

Thanks. I read the explanation by 'L' and it makes sense.

I will be following developments. Good luck!
newbie
Activity: 53
Merit: 0
18.4 billion supply of mono?

1:1 exchange for CBX?

What's the supply of Aptum?

Since MONO is still in the ICO phase, that is not the case.
8.2 million MMONO have been premined and are being sold in an ICO, 1.2% are given to an anonymous solidity developer and MONO worth of 50USD have been sold.
By looking at the USD price, we can assure everyone having a fair exchange rate - so it doesn't matter what community come from.

The supply of Aptum is currently being discussed, but it will be fundamentally larger than the supply of bullion.
This is done to create a currency instead of an asset.
Using the handle "L" I explained that in the bullion telegram channel, which can be joined here: https://t.me/joinchat/FkBLVEimXQscVn1cetdd4g
hero member
Activity: 750
Merit: 503
There's going to be a proper ratio for both CBX and MONO, probably according to both market caps right now, fixed to a nice round number for simplicity. They'll clarify soon enough, not to worry.

From what I've been told, Aptum is likely to follow the CBX supply or close to it, which is around 1 million? Let's wait for an official announcement.

Ok thanks Dabs. Will wait for more clarity from the dev team
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
There's going to be a proper ratio for both CBX and MONO, probably according to both market caps right now, fixed to a nice round number for simplicity. They'll clarify soon enough, not to worry.

From what I've been told, Aptum is likely to follow the CBX supply or close to it, which is around 1 million? Let's wait for an official announcement.
hero member
Activity: 750
Merit: 503
18.4 billion supply of mono?

1:1 exchange for CBX?

What's the supply of Aptum?
newbie
Activity: 53
Merit: 0
The concept sound interesting and since the technical paper is still not available, I will sit on the sideline and wait for more details, ICO also coming by  September which sound reasonable to me, give people enough time to decide on the project and review the work done by the team behind the project especially the amount the team is looking to raise (Hard cap)

Fortunately a technical paper outlining the core differences compared to the blockchain technology is available online and can be found here: https://github.com/mono-project/papers/blob/master/whitepaper.md
It is currently being rewritten to be humanly readable, therefore I would advise waiting for the revised version. Yet you could take a look and read through it to see what the project is trying to achieve and how it does it - before everyone else knows about it.

hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
The concept sound interesting and since the technical paper is still not available, I will sit on the sideline and wait for more details, ICO also coming by  September which sound reasonable to me, give people enough time to decide on the project and review the work done by the team behind the project especially the amount the team is looking to raise (Hard cap)
newbie
Activity: 53
Merit: 0
Ann in June, but, Ann will be edited on this place?
I will reserved.

That is correct, the announcement currently covers nothing but a roadmap for the first two years.
We are currently rewriting the list of innovations to be humanly readable.
Our plans are established internally but have to be reviewed and audited right now, to ensure that our partners agree with it. Additionally we are calculating everything once again so that we don't overshoot our budget nor undershoot our targets.
As you've already noticed, all this information will be made public during this month. Stay tuned!
copper member
Activity: 403
Merit: 8
Ann in June, but, Ann will be edited on this place?
I will reserved.
newbie
Activity: 53
Merit: 0
website??

I'm afraid I have to tell you that aptum is a new project merging two currencies. Since this thread is only announcing the partnership, the website is still a work-in-progress. Our web developers are working very hard on it. So please excuse the inconvenience and stand by for one to two months, so that we can give you the best experience.
full member
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legendary
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newbie
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Where can I see about MONO? I can not find. Link please?
legendary
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The Concierge of Crypto
Hi, I think I'm in here somewhere. If not, I'm posting just to follow. Smiley Approved too!
legendary
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newbie
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legendary
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Merit: 1008

Merging both Bullion and Mono, Aptum combines the expertise of a six-year-old cryptocurrency with the innovations of a new protocol. Coming from two cryptocurrencies, both communities will have the opportunity to swap in their coins for the new merged coin (conversion rate to be determined prior to Bullion hard fork – beginning of August). To help you evaluate whether or not you want to exchange your Bullion or Mono for Aptum, we will give a brief overview of the project in the following:

White Paper:

https://github.com/aptumproject/papers/blob/master/aptum.pdf

Roadmap:

June 2019 | Announcement on BitcoinTalk, featuring innovations, roadmap and plans
July 2019 | Release of technical whitepaper
August 2019 | Beginning of CBX/MONO to AP-Token conversion; Website Launch
September 2019 | Public Testnet of AP-Currency; AP ICO beginning
October 2019 | End of CBX/MONO to AP-Token conversion; Public Release of AP-Currency; Beginning of AP-Token to AP-Currency conversion
November 2019 | Advertising and Marketing
December 2019 | Exchange Listings; AP ICO ending

Q1 2020 | Shop; Python Module for AP
Q2 2020 | Web Wallet; Adult Anime Site
Q3 2020 | Mobile Wallet
Q4 2020 | DMail
Q1 2021 | Exchange (Alpha)
Q2 2021 | Exchange Release; Social Network (Alpha)
Q3 2021 | Social Network; Search Engine (Alpha)
Q4 2021 | Search Engine Release

If you are interested in participating in this new project, the following will explain the details of the swap for you.

1) In August, we will make a fork of Bullion [CBX] to BullionX [BXX]. At point of fork you will get an equivalent amount of BXX to match what you hold in CBX at that time. ONLY BXX CAN BE USED FOR CONVERSION TO ERC-20 TOKEN.
2) After sending your BXX to a specified address, you can withdraw your AP token to any Ethereum address.
3) We will burn your BXX for you, so you don’t have to worry about them anymore.
4) You can now move on and trade your AP tokens freely on the Ethereum network.

You can claim your AP token till October 1st, 00:00 AM (UTC).

Social:

Twitter: https://twitter.com/aptumproject
Discord: https://discord.gg/DEYNzDA
Telegram: https://t.me/aptumproject

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