Topic: [ANN] ColossusXT (COLX) Private| Sustainable| Grid Computing - Mandatory Update - page 61. (Read 149117 times)

What is COLX?

ColossusCoin was created to be an open-source peer-to-peer, decentralized energy-efficient (environmentally-friendly) digital currency.
It was intended to facilitate instant payments across the world at almost no fees, and it manages to do just that.
What makes this project a bit interesting is the fact that nobody owns it – its design is public, and anyone is welcome to take part in it.

It is remarkably resource friendly, lightning fast and 100% anonymous, much like ordinary crypto-coins. The latest version of it, called ColossusCoinXT is based on PIVX source code that has a fixed PoS block reward.
It is a swap from the original ColossusCoin whereby anyone who had two ColossusCoin2 (CV2) received 1 ColossusCoinXT (COLX) coin.

First, it is based on Quark algorithm, a future-proof algorithm and has a PIVX Source Code that has a fixed Pos block reward.
Staking coins is an easy 3-step process, though you need the wallet already downloaded and installed on your PC.

Block reward splits dynamically through a unique Seesaw Reward Balance methodology between staking nodes and the master nodes.
For 1081 o 151,200 blocks, one gets 2500 COLX coins, and accumulation increases all the way to 302,400 or more, and it qualifies one to get 1000 COLX coins.
first halving event took place. COLX Block Halving occurred at Block 151,201
Incredibly, there’s proof of stake, which makes the platform 100% legit though 95% ends up at the stake wallet and master node while 5% cover proposals.

The essence of PIVX is – Improved proof of stake, Masternodes, instant transactions, anonymous and instantly verifiable transactions and a lot that include coin control.
Trading at about 0.008 cents for each coin and a market cap of 30 million, COLX has massive potential – it is PIVX fork by the way.
Right now, it trades on CryptoBridge and Tradesatoshi. 10 million coins for master node is still a lot cheaper.
It has a safe, functional wallet, active development team and promise of the price of coin rising in the future. For now, though, ColossusCoinXT isn’t among the best for someone looking to make a kill.
___________________________________________________________________________

About COLX:

- COLX is based on the PIVX Source Code with a fixed PoS block reward.

- The PIVX Features are very innovative. For instance:

- Improved Proof of Stake 3.0 protocol

- Masternodes (total of 191 at the time of typing this)

- SwiftTX Instant Transactions

- Private Instant Verified Transactions /full-time private transactions

- Obfuscation Mixing Mechanism

- Innovative variable seesaw reward mechanism

- Coin Control


___________________________________________________________________________

Q1:

Whitepaper Release:
- A Whitepaper in cryptos is prepared by a party prior to launching a new currency.
It details everything you need to know about the currency before making up your mind if you want to invest, purchase or use it.
This includes commercial, technological and financial details of a new coin in language that can be understood by someone who is not an expert in the space.

Marketing Start:
- High quality promotional video.
- Different types of marketing strategies.

Instructional Videos:
- Educational videos on how to use COLX.
- Videos on how to setup a masternode/ wallet/ staking/ etc.

Team Profiles:
- Overview of devs/ the COLX team.
I think you wont find any personal information as this is a privacy coin, but there will be a team page on the main website to include more information.

Website Update:
Updates regarding the whitepaper, roadmap, team profiles, additional languages, etc.

Zerocoin Protocol:
- Zerocoin is a project to fix a major weakness in most cryptocurrency: the lack of privacy guarantees we take for granted in using credit cards and cash.
the goal is to build a cryptocurrency where other people can’t see what you bought or for how much. Also think about taxes and stuff.

GitHub:
- GitHub is a development platform, here you can review the code.

Listing of Exchanges:
- Cryptopia - Fee is paid (11BTC), uncertain when Cryptopia will list COLX
- Kucoin - Waiting for reply when to get listed
- Next.Exchange - Announced COLX Listing. uncertain when COLX gets listed
- Yobit - Announced COLX Listing. Should be listed in a few days.
   Because of the exchanges struggling to handle the high volume, listing can take abit longer.

___________________________________________________________________________

Q2:
Wallet Design:
- QT Wallet interface redesign/ extended UI with wallet themes.
  QT is a cross-platform application and UI framework for developers using C++.

Android Wallet:
- A lite mobile android wallet with the ability to mint.
  Minting explained: Most cryptocoin mining requires specialized hardware, but Peercoin minting can be done on any computer.
  Minting is energy-efficient, because it is based on the Peercoins you hold, rather than on your processing power.

Wiki & FAQ:
- Community Wiki & FAQ creation on the official COLX website.

In-Wallet Voting:
- User friendly, in-wallet voting and proposals tab system for the community.
  Think about a voting system for COLX projects, and proposals the community can make regarding where COLX is heading/ its direction.

Possible Name Change:
- When or nor this is implemented is uncertain.
  COLX dev did agree on Reddit, quote:
  'removing the "coin" is a good move. I think most people are in agreement here. Need something that rolls off the tongue.'

___________________________________________________________________________

Q3:
Web Wallet:
- Especially if you’re just starting out, a web wallet can be an easy way to get started investing in cryptocurrency.
  The web wallet can be accessed right from your browser without the commitment of downloading software.

Apple iOS Wallet:
- A lite mobile iOS wallet with the ability to mint.
  Minting explained: Most cryptocoin mining requires specialized hardware, but Peercoin minting can be done on any computer.
  Minting is energy-efficient, because it is based on the Peercoins you hold, rather than on your processing power.

Merchant Integration:
- Join Coinpayments.net or adequate payment processor.
  Coinpayments - Integrated payment gateway for cryptocurrencies

Shared Masternodes:
- Implementation of shared masternode technology.
  I dont know how they are going to implement this, but just thinking out loud, in theory it could be deved to allow a masternode to run on more than one transaction ID.
  i.e. rather than a masternode requiring 1 x 10 mill transaction ID, it could be deved to need 5 x 2mil or 10 x 1mil transaction ID's to start.
  Then you could hold your coins... send 2mil to yourself to get a 2mil transaction ID and then add that as one ID to the main masternode config file, 4 others do the same, and off it goes.
  you can currently set where you want it to send the coins that are mined so again dev that to have the option for 5 or 10 payout addresses and everyone receives their shares automatically.
  And the coins would never have to leave the safekeeping of your local wallet whilst staking them on the masternode.
  In theory at least, it could be coded and is not very hard to do from the current system.
  This would open up the benefits of masternodes to a lot more people now that the price has made it cost-prohibitive for most people.

___________________________________________________________________________

Q4:
Multi Anonymous:
- Multiple anonymity-centric networks, such as Tor/I2P network and stealth addresses.
  Everything you do with your COLX stays private, no one can see your balance, transactions, etc.

E-Commerce:
- Marketplace to buy and sell products and services using COLX.
  Simply defined, eCommerce refers to business transactions conducted through the Internet. Anytime you buy something from an online site, you are participating in eCommerce.
  eCommerce can refer to sales of physical products like clothing, books, cosmetics and basically everything else.
  It can also refer to digital products such as software, eBooks, and apps. Finally, eCommerce sales also include services such as consulting.
  Cryptocurrency is a more secure alternate version of the physical currency that we use today.
  By using cryptography protocols, which are extremely complex code systems that are used for encrypting sensitive data transfer.
  They are the ultimate secure units of exchange for completing online transactions for e-commerce business.

___________________________________________________________________________

Ongoing COLX work:
- Improving the following:
  Stability
  Reliability
  Enhancements
  Code Base Upgrades
  Masternode Improvements

- Focus on increasing the number of Masternodes

- Get listed on bigger exchanges

- Increase the media presence and communication with investors

The Community will take the lead and will define new features and the general direction of COLX

___________________________________________________________________________

Long Term Goals:
COLX Grid Project:
- Not sure what this is yet, my guess it could be a scalable reward system for staking

In-Wallet Purchase:
- Allow the purchase of COLX directly into the wallet

In-Wallet Trading:
- Decentralized and anonymous in-wallet trading (to trade COLX DEX)

Coinomi and Shapeshift:
- Coinomi and Shapeshift wallet integration.

Hardware Wallet Support:
- support for hardware related wallet

COLX Debit Card:
- Crypto debit cards work like your regular flat debit cards, as they exist in a cashless payment infrastructure, but come with the added bonuses cryptocurrencies provide.

IOT:
- Future Collaboration with IoT Companies
  IoT - Internet of Things:
  A network of internet-connected objects able to collect and exchange data using embedded sensors

How true this is? How may days has passed?

"Bitcoin Smart [SMART] and Bitcoin Vote [BTV] adding in progress, est time: 3-6 hrs (btc balances snapshot was made 9 hrs ago)" from Yobit tweet. Where is COLX? No news, no update...nothing.

I'd be careful with Cryptopia and bothering them.   Folks from Safex were upset when the wallet went into maintenance.   After a few people bothered them about it,  they decided to just take Safex off all together.    It's been quite a while now and I still have no clue what they are doing with Safex there.

If you need a good exchange,  use CryptoBridge.     It is a legit exchange,  decentralized so you don't need to give out a bunch of information. 

Well they paid for it and in time it will get listed on Cryptopia. If you would bother reading you would know that Cryptopia is currently working on more urgent matters. An official rep adressed the issue on their reddit and said that listing Colx isn't a priority. They first need to solve the wallet and plattform issues and have a huge backlog with regard to support tickets. By the way they are pretty pissed since it seems a lot of Colx holders are spamming their mailbox with "when get we listed?" mails. They literally said if one more email of this kind arrives they will move the listing down to the bottom of their priority list.

Maybe you can see that Cryptopia didn't added no new coin this month. So you can't blame the coin for such lateness. Can't say anything about Yobit, I don't use it.

So many news in Cryptopia and Yobit but you will never read about COLX, anybody also wonder about this?

Any1 selling Colx OTC? for paypal, bank transfer?

Would also agree on trading for other coins.

The reason for this offer is the fact that i don´t understand how to work on criptobridge.

And here we go again with you two...

I think the listing of exchanges should not be on a roadmap, but seeing the current situation with all the exchanges struggling with the high volume, all the delays and other problems they have, all the forum posts about 'when',
I understand why they chose to put the Cryptopia listing on the roadmap. Not a single coin got listed on Cryptopia the last weeks, so who are you fooling?

Besides, COLX is a community coin, people (aswell as me) donated to get listed on Cryptopia. Me, aswell as all the others who contributed, would like to know when we get listed.
Now I hear you guys think; 'Listing of Cryptopia should not be on the roadmap, just post about it anywhere and keep the community up-to-date'. - I agree, I dont like exchanges on the roadmap aswell, but read the above.


@Colx_Hodler,
If you really think COLX is on its 'death bed', you wouldn't be here and typing this. You said you sold your coins, yet you are still here... I wonder why.
If you would have looked at the actual roadmap (and understand a fair bit of it), you would not be saying any of this. Some of the items on there are freakin huge...

Looking at your name, this was probably the first crypto you ever invested in. This is not a bad thing, but you probably paniced when you saw the drop give or take 2 weeks ago?
COLX is a longterm hold, dont get me wrong it had insane growth already and soon it will be back to the 120/140-ish sat. But if you got half a brain cell, you would hold this coin till ATLEAST q3/q4.

Dont see this as a personal attack, im not trying to push my opinion nor change yours. I've read all your posts, at first it was all moons and lambo's, when the price got corrected/ all the stuff going on in the crypto world as we speak, COLX was a 'shitcoin'.

Again, dont see this as a personal attack, its just I did not see a single piece of information backing up everything your saying (i've read everything).

Agreed! It's a big downside to COLX development putting that cryptopia listing in the road map when it is not really happening. January??

Colx is on its death bed, lol.

That road map was a sad joke.

You can post the yobit code here, and much better if you will also post the dot wallet you use to pay to cryptopia.

Payment is done through Yobit code and can be redeemed at any time.  Yobit, recently, has added erc 20 tokens easily, but they are slow as all molasses at adding a coin that takes a bit of work . .

I am looking forward to the listing.....

Again, I beg of you, to please provide the names of any coins added to Cryptopia since their major overhaul and announcement that they were basically overrun . .

You, myself, and literally thousands of investors want COLX listed on Cryptopia yesterday . . . .

Very good news!   It's always nice to see updates here and there and progress being made.   I cannot wait for the zerocoin implementation.  That'll be such a big bonus for staking time and move COLX further into the ranks of other projects.

Should we say Colx will be listed in Yobit today? It's been 3 days since the official announcement of the team...or this is just another cryptopia-like announcement?

Web wallet in development! 

https://mobile.twitter.com/ColossusCoinXT/status/956318204468527109

I didnt sell the ones i got for my help, those were lost in test wallets but I also assisted some of the first coders of this coin even before CV2. I still have all the videos that havent been released yet because nobody will answer any of mt questions and I'm extremely busy. My account was hacked on here and I lost most of what was in my exchanges because of it. I can post all of them on here by the end of the week. It would be on Vimeo. I'm not here to cause problems. I just want to be heard and I want to finish what I started back in 2014.

what have you done besides of some unprofessional videos? I've heard you got Millions of CV2 and even sold very much of them at 3/4 Sat (your misfortune), so dont act like a Child and you didnt get any Rewards.

Crypto Coin Listings arent like one year ago! Its even hard to get listed on Coinexchange.io (2 Btc), 1 year ago it was 0 Listing Fee.
Cryptopia wants 2.5 Million DOT, google how much 2.5 Million DOT are worth now.

If you could List it to Exchanges, then go ahead and List it on other Exchanges.
-Alt

Updated $COLX Roadmap 2018 and beyond

CryptoBridge is working just fine.