Topic: ANN GryfX Alts Options Market Release October 1st - GryfenCoin, Shares, Broker (Read 4626 times)

Owners of GryfenCoin and others are changing the world for the better. I am on board as soon as I gather enough funds for Class A Shares.

Cryptocurrency Rocks - We Can't be stopped.


 

I have been with these guys from day 1 and I think their ideas have been quite fantastic.

However they've been slow to implement them - and I still only have the singular option on the options market. I have lost faith in this coin over the last three weeks - haven't even staked my wallet since then.

If they were to continually update us on their ideas, things they're working on et al it might be a bit more easier to take. Because as for now I know I have x amount of Gryfencoin with no price to value it by. More updates would be awesome!

Come on you guys - I know you are hard working, but we'd love some feedback! I know of many plans and things you are working on, but I'm the only one ;p

We'd ♥ some feedback on the exchange, the option trading, the game aspect, the earning real altcoin aspect and even some confirmation about the 'bug' that many mintings in the wallet do not sync. I have some updates on that though... Bottleneck seems to be hard drive. I can safely rule out RAM & CPU on my new rig. But when many wallets are synchronizing their blockchain, it seems that Gryfen wallet.dat times out (somewhere) and cannot write / confirm the successful mint. Of course, if low on RAM the hard disk kicks in too (swap file) and I think the same holds true if the CPU is maxed out. But again, I can now safely rule those two out.

Love ya'!

Devvie 
twitter.com/devnullius

Site still going. Working on major upgrade.   We have the ability to send and receive gryfencoin right now.  VPN...sure, why not.  And you can deposit, and buy GryfenCoins.

can i use my coin now?
and can i login to website with vpn?

Version 1.0 is out.  We're going to be adding 4-6 new types of options and everything else to "flesh it out"

However we're adding in features one at a time - the last thing we want is some POS bloated javascript webapp that crawls like fb.  And also we care more about delivering the user the best possible experience.   So let us know what you want to see right NOW NOW, and we'll put the features into a priority that is aligned with the community.

any progress ?

We worked on it until 1130pm last night and got the bare minimum functional will be pushing a release later today.

Sorry for being off on the time guys

waiting update

So is this going to be available today or are we waiting for exchanges to integrate options?

This is getting really exciting. I think they will.

The 10,000 Coins for bonus are delivered inside of the exchange.

Starting October 1st all Shares & Coins that are purchased from GryfenCrypto will be delivered inside of the gryfX market as well to have tighter integration.

We're going to have some limits placed on the sizes of the options initially to force people to actually learn what they're doing so they don't just blow all their money and learn nothing about options.

This is a very transparent development and if anyone has any ideas at any time there is a feedback tab inside of the GryfX app and we welcome everyone to give us your opinions in there, at [email protected] , in any of our threads on BTCtalk or CCT or SCF.info, in private messages, or even in person.

If you have something negative to say then I want to hear from you even more; we want to know why things are that way and what we can do to fix them. 

If you see something, Say something; and GryfenCrypto will knock this out of the park.

registered and send ID
waiting for my 10,000 

I have a lot of gryf. I've been heavily invested since the day they announced their PRE ANN. I have absolutely no clue how to trade options though because I have never dabbled in it before. I'm sure I'll learn though, just as I learned how bitcoins, altcoins and coin markets work.

I'll tell you one thing though, I'm mega mega mega excited for Oct 1st to come along

Marechoux,

1. Class A shares pay out a higher rate because there are more, and they remain in an account that is the backup backing for gryfX.  There are 2 Billion and they just stay there and stake.
Class B shares pay out of an account that starts off as 500 Million.  It is the direct backup for gryfX.com.   This means this is the account that funds pay out from on gryfX.
So consequently; the range fluctuates between 250-450 Million Coins.  Why a fluctuation?  Sunk options and losses to the user on poor options choices  go back in to this account so there is a flow of coins both in and out.  We leave 50 Million free in Reserve to have the liquidity to back options payouts on gryfX.

The shares pay out over a month giving approx. 12,903 coins a day, over a month.  This is to reduce the footprint of additional coins and to taper them in.
Class B shares could expect anywhere from 1,000-3,500 coins a day - depending on the amount.  If the 50Million set-aside depletes then it draws from the 250-450Million coin account - thus the root of the variation in payouts.

2.The amount of coins actually in circulation right now is 72.5 Million.  We used 1 Trillion as our limit because we wanted to leave room to account for advances in computing & technology.
You're looking at it like the 1 Trillion coins has already happened, the actual situation is the number of coins in actual circulation is 72.5 Million.
Another advantage of the high coin cap is not only does the coin fight inflation but it fights dangerous deflationary pressures as well so it will be more likely to be spent and used vs. saved and dumped.
Things that bring the coin into circulation are 1.Proof of Work Mining, 2.Proof of Stake Minting, and 3.speculating on gryfX.

I am pretty confused,

1st: I don't understand the difference between shares class A and Class B.
How does it work?Class A is 5 times more expensive why? how much coin can I expect with shares A or B, could you explain that bettter?

2nd: We can buy you directly some coins at a price of 10 satoshis, and there is 1 trillion coin, so at this price you estimate a market cap of 100.000 bitcoin, so somewhere close to ripple and litecoin.
Isn't it a bit expensive?

Hey guys!

I'm going to be submitting to Bittrex and Poloniex tonight, as well as organizing promotions.

Has anyone here had prior experience trading options?
I'm curious to see the average users level of experience.

I like Polon But you should go to the exchange with biggest volume PER MARKET

Devvie

Yep, I've been supporting them very long now and they always pull through! I like

Devvie
twitter.com/devnullius

What do you guys want to see first?  Coin Options from Poloniex or Coin Options from Bittrex?