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Topic: [ANN] {CredenceCoin} - CRDNC - Lending-Staking-Referrals-Mining - page 36. (Read 125277 times)

full member
Activity: 182
Merit: 100
Hi All,

          Without quoting an replying to every post since our last update, a big thank you to all for the positive comments and the criticisms we take all on-board regardless and appreciate your input.

This is just a quick post to answer some questions about Credence Coin.  

hope the devs can handle ddos attack and a lot of users who are accessing the site. this should be a prime priority to the devs so that the investors will invest on this coin. great update!
We are doing our best to protect ourselves from attack that is why we will spend 5 to 7 days with an independent team trying to infiltrate the site as a user/non user etc so if we find any leaks we can plug them up before going live.  
That does not mean someone will not try and DDoS us, even though we have Cloudfare DDoS protection it does not stop anyone from trying.  

But if we do suffer an attack all funds will be safe as the majority of funds both CRDNC and BTC are held in Cold Storage.

Credence team
A question please
That 199 days for the 10k-100k  is that right?
or it is 99 days
Cause 199 is way to much in my opinion, for 100k to be blocked

Yes it is 199 days, the whole Premise of Credence Coin is to provide stability and trust and rewards to holders of CRDNC.   We could have made it 120 days for the higher loans but which would you prefer?   To have your money back in a short space of time without taking into account external factors that could affect the price of the Coin and the knowledge that at that 120 day mark there is also going to be maybe 500 other people looking for capital release on that same day therefore putting pressure on the coin and it's need for dramatic price rises to ensure the stability of the platform?

Or would you prefer to wait a little longer knowing that the coin as it gains more exposure and hopefully therefore more demand that would see a steadily rising price organically and in turn that then provides us with plenty of time to constantly assess the financial status of the whole lending program and put aside your initial loan repayment shortly after you have taken out the loan and our goal is to then lock it into cold storage all loan maturity payments so that we know regardless of market fluctuations and outside influences the majority of lenders funds are safe and ready to be paid out on maturity date and held separate to other site funds.
 
We know which method we would prefer as investors and that is why we have gone with the 199 days.

Further to that, you have not taken into account that is an extra 79 days of daily interest being paid to you as opposed to 120 days worth of daily interest.  

But the choice is entirely yours and that is why we have made staking CRDNC a very viable option @ 20% per year no other lending coin offers this so people have the choice, you do not need to take out a loan to make money with Credence Coin you can simply stake it and as the platform grows organically and builds users so to will the price.  It then comes down to a demand vs supply scenario and the supply is already limited, when people take out loans that supply will decrease and as a result that should influence the price.  

Or you can choose a combination of the 3 methods, Loan, Stake and earn from Referrals and the natural growth of the coin due to it's limited supply.

Hope that explains to you and others our reasoning behind the loan periods, it has been put in place as both a protection for you and for the the protection of Credence Coin to be sustainable in the long term.  

Although the premise of a lot of what we are doing is based on the biggest lending coin of them all, we have analyzed how it operates and taken away what we see as the biggest risk factors involved with it and blended some of its functions with our own version which as mentioned previously we consider to be much more stable for the long term.

Our goal is for Credence Coin to be known as a passive income coin not at HYIP program.  High rewards come with high risks and although some of them do work, others crash very early and we do not want that to happen with Credence Coin so that is why it is what it is.  Wink

why no one using coinexchange
Good question, many here were screaming for another exchange and somehow equated being on more exchanges to equal instant dramatic price increases.   That is clearly not the case as you would all have seen by now.  

We also think CRDNC has established a bit of a home on Mercatox though (be it temporary until our exchange is live) and due to many current holders already being signed up with them our guess is many are not bothering to create a 2nd account if they can already buy and sell the same coin on an exchange they have an account with.  

As we mentioned in the previous update, we will let you know how the site is progressing either on the 29th or 30th or we may push that to the 31st as if we have no further information we will not post for the sake of it, we will however let you know when the site is fully complete and when Pen-testing has commenced.  

Thanks
Credence Coin

Hello Dev, i could like to ask regarding about "lending"

after the lending , when we receive our capital back will it be CredenceCoin or it will be in USD
member
Activity: 84
Merit: 10
www.credencecoin.co
Hi All,

          Without quoting an replying to every post since our last update, a big thank you to all for the positive comments and the criticisms we take all on-board regardless and appreciate your input.

This is just a quick post to answer some questions about Credence Coin.  

hope the devs can handle ddos attack and a lot of users who are accessing the site. this should be a prime priority to the devs so that the investors will invest on this coin. great update!
We are doing our best to protect ourselves from attack that is why we will spend 5 to 7 days with an independent team trying to infiltrate the site as a user/non user etc so if we find any leaks we can plug them up before going live.  
That does not mean someone will not try and DDoS us, even though we have Cloudfare DDoS protection it does not stop anyone from trying.  

But if we do suffer an attack all funds will be safe as the majority of funds both CRDNC and BTC are held in Cold Storage.

Credence team
A question please
That 199 days for the 10k-100k  is that right?
or it is 99 days
Cause 199 is way to much in my opinion, for 100k to be blocked

Yes it is 199 days, the whole Premise of Credence Coin is to provide stability and trust and rewards to holders of CRDNC.   We could have made it 120 days for the higher loans but which would you prefer?   To have your money back in a short space of time without taking into account external factors that could affect the price of the Coin and the knowledge that at that 120 day mark there is also going to be maybe 500 other people looking for capital release on that same day therefore putting pressure on the coin and it's need for dramatic price rises to ensure the stability of the platform?

Or would you prefer to wait a little longer knowing that the coin as it gains more exposure and hopefully therefore more demand that would see a steadily rising price organically and in turn that then provides us with plenty of time to constantly assess the financial status of the whole lending program and put aside your initial loan repayment shortly after you have taken out the loan and our goal is to then lock it into cold storage all loan maturity payments so that we know regardless of market fluctuations and outside influences the majority of lenders funds are safe and ready to be paid out on maturity date and held separate to other site funds.
 
We know which method we would prefer as investors and that is why we have gone with the 199 days.

Further to that, you have not taken into account that is an extra 79 days of daily interest being paid to you as opposed to 120 days worth of daily interest.  

But the choice is entirely yours and that is why we have made staking CRDNC a very viable option @ 20% per year no other lending coin offers this so people have the choice, you do not need to take out a loan to make money with Credence Coin you can simply stake it and as the platform grows organically and builds users so to will the price.  It then comes down to a demand vs supply scenario and the supply is already limited, when people take out loans that supply will decrease and as a result that should influence the price.  

Or you can choose a combination of the 3 methods, Loan, Stake and earn from Referrals and the natural growth of the coin due to it's limited supply.

Hope that explains to you and others our reasoning behind the loan periods, it has been put in place as both a protection for you and for the the protection of Credence Coin to be sustainable in the long term.  

Although the premise of a lot of what we are doing is based on the biggest lending coin of them all, we have analyzed how it operates and taken away what we see as the biggest risk factors involved with it and blended some of its functions with our own version which as mentioned previously we consider to be much more stable for the long term.

Our goal is for Credence Coin to be known as a passive income coin not at HYIP program.  High rewards come with high risks and although some of them do work, others crash very early and we do not want that to happen with Credence Coin so that is why it is what it is.  Wink

why no one using coinexchange
Good question, many here were screaming for another exchange and somehow equated being on more exchanges to equal instant dramatic price increases.   That is clearly not the case as you would all have seen by now.  

We also think CRDNC has established a bit of a home on Mercatox though (be it temporary until our exchange is live) and due to many current holders already being signed up with them our guess is many are not bothering to create a 2nd account if they can already buy and sell the same coin on an exchange they have an account with.  

As we mentioned in the previous update, we will let you know how the site is progressing either on the 29th or 30th or we may push that to the 31st as if we have no further information we will not post for the sake of it, we will however let you know when the site is fully complete and when Pen-testing has commenced.  

Thanks
Credence Coin
full member
Activity: 182
Merit: 100
i thought if credence listed on coinexchange, the price will go to the moon

well, i think we need to wait for the site go live which is tomorrow .
member
Activity: 66
Merit: 10
i thought if credence listed on coinexchange, the price will go to the moon
newbie
Activity: 24
Merit: 0
why no one using coinexchange

Maybe because there is deposit & withdrawal delays (Confirmation time needed) for all their listed currencies + manually approve withdrawals.

CredenceCoin Volume on coinexchange.io is drastically low too as per the following:

#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1    Mercatox   CRDNC/BTC    $471,908    $4.37    65.20%    Recently
2    Mercatox   CRDNC/ETH    $226,273    $4.31    31.26%    Recently
3    CoinExchange   CRDNC/BTC    $25,597    $3.88    3.54%    Recently
full member
Activity: 182
Merit: 100
why no one using coinexchange
newbie
Activity: 45
Merit: 0
anyone familiar with how the block explorer works?

http://blockexp.com:3004

its not showing my correct balance, and does show all my transactions, but one of the transactions shows the amount split and going to another unknown address and on my wallet it has this address labeled as "change". my wallet shows the correct amount, but can someone help me figure this out? im using the block explorer to keep track of my balance. you can pm me so we dont fill up this thread.

thanks!

I take it you're new to crypto currencies. I know it can seem complicated, but this link explains the change function in a pretty simple way. This wiki is for Bitcoin but it works the same for Credence: https://en.bitcoin.it/wiki/Change

thanks that helps with the change, i figured out that to get the change cleared and to force the explorer to show the correct balance one simply needs to combine that input.
newbie
Activity: 56
Merit: 0
anyone familiar with how the block explorer works?

http://blockexp.com:3004

its not showing my correct balance, and does show all my transactions, but one of the transactions shows the amount split and going to another unknown address and on my wallet it has this address labeled as "change". my wallet shows the correct amount, but can someone help me figure this out? im using the block explorer to keep track of my balance. you can pm me so we dont fill up this thread.

thanks!

I take it you're new to crypto currencies. I know it can seem complicated, but this link explains the change function in a pretty simple way. This wiki is for Bitcoin but it works the same for Credence: https://en.bitcoin.it/wiki/Change
newbie
Activity: 45
Merit: 0
anyone familiar with how the block explorer works?

http://blockexp.com:3004

its not showing my correct balance, and does show all my transactions, but one of the transactions shows the amount split and going to another unknown address and on my wallet it has this address labeled as "change". my wallet shows the correct amount, but can someone help me figure this out? im using the block explorer to keep track of my balance. you can pm me so we dont fill up this thread.

thanks!


You probably mined the block at the same time someone else did, so you are kind of "fighting" for it. One of you will get the coins in the next 30 block confirmations. If you do not get the coins, you will retain your weight and keep increasing it until you get your reward. At least that is how I understood it would work.

its been over 24 hours (well passed the 30 confirmations) my balance is correct on my wallet, but incorrect on the explorer
newbie
Activity: 11
Merit: 0
anyone familiar with how the block explorer works?

http://blockexp.com:3004

its not showing my correct balance, and does show all my transactions, but one of the transactions shows the amount split and going to another unknown address and on my wallet it has this address labeled as "change". my wallet shows the correct amount, but can someone help me figure this out? im using the block explorer to keep track of my balance. you can pm me so we dont fill up this thread.

thanks!


You probably mined the block at the same time someone else did, so you are kind of "fighting" for it. One of you will get the coins in the next 30 block confirmations. If you do not get the coins, you will retain your weight and keep increasing it until you get your reward. At least that is how I understood it would work.
newbie
Activity: 45
Merit: 0
anyone familiar with how the block explorer works?

http://blockexp.com:3004

its not showing my correct balance, and does show all my transactions, but one of the transactions shows the amount split and going to another unknown address and on my wallet it has this address labeled as "change". my wallet shows the correct amount, but can someone help me figure this out? im using the block explorer to keep track of my balance. you can pm me so we dont fill up this thread.

thanks!
newbie
Activity: 56
Merit: 0
The site looks really nice, good job devs. Let's hope the price rises a little for the launch, I want to do a loan as soon as possible.
full member
Activity: 168
Merit: 100
Great update dev! Thanks!
full member
Activity: 154
Merit: 100


Site looks pretty, i like it a lot, all they need to do is to keep creating demand for this coin,  after 199 days when people get  their compounded returns back and want out  you will need a lot of buyers with BTC willing to buy all the CRDNC tokens
newbie
Activity: 62
Merit: 0

Where your company is coming from?
full member
Activity: 201
Merit: 100
if in the maturity date, i receive usd instead of coin, i wo'nt lend. Cause of low price now. It's not worth. Smiley
newbie
Activity: 27
Merit: 0
Dev Update.

The following is now completed
1. User registration and login
2. User security settings
3. User referral links
4. User Bitcoin and Credence Coin receive addresses
5. send and receive Bitcoin and Credence coin
6. Lending processes
7. Interest credit processes
8. Referral amount credits
9. Reinvest feature
10. Support ticket and escalation system
11. Email notifications to the users for various pre determined actions.
12. All CMS pages integration.
13. Majority of Admin Panel controls
14.  Created test accounts and sign ups
15. Network and transaction fee management

The majority of work left to do is on the back-end but as you can see from above most features are now functional, we are still working on the Exchange and that should be completed within 24 hours.

Our target for completion is still the 29th followed by Pentesting and more functionality testing.  We will update about that on the 29th or 30th.

Below are some screens

Top of Dashboard
 https://i.imgur.com/rMyOGj0.png

Middle of Dashboard
https://i.imgur.com/muWyHBq.png

Lending pop-up 1
https://i.imgur.com/gpRTPul.png

Lending pop-up 2
https://i.imgur.com/ywbumsn.png

We appreciate your patience and a reminder we are still on track for our road map.  We also know the price has fluctuated a lot the last couple of days but still it seems to be holding well.

Work is continuing on the site and it should not be too much longer until we are live and it is good to see that none of the big holders are selling.

The site will move from the test server to main server tomorrow for load testing as well as completion of some of the back end.  

We will update on the 29th or 30th on the status and where we are up to.

Thank You
Credence Coin.    

hope the devs can handle ddos attack and a lot of users who are accessing the site. this should be a prime priority to the devs so that the investors will invest on this coin. great update!


thanks dev, i love you
newbie
Activity: 55
Merit: 0
ahh i see, then it's totally not worth to lend it out .. holding have a better profit
I think lending will drive up the price of the coin though.  Lets say I want to lend $10K and I use BTC to convert to CRDNC.  Because of the tight supply it doesn't matter how much I pay for the coin because I'm still getting $10K to invest.  So if there are several sell orders with increasing amounts, I would swoop in and buy them all in order to get the $10K.  You start to get several lends going on and the price of the coin will continue to rise. 
full member
Activity: 196
Merit: 100

Great update dev. 2018 is the year for credence Smiley
full member
Activity: 182
Merit: 100
ahh i see, then it's totally not worth to lend it out .. holding have a better profit
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