Topic: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat* - page 295. (Read 418460 times)

Here unlike most ICO you do know the minimum amount of tokens you will get.
But yes is only 12.5m tokens are sold everyone would get double the amount they paid for.

I dont think the devs will keep 5m tokens. I dont think they will be created unless the 25m is sold but I am not 100% sure.

I am pretty sure the devs have confirmed that any unsold coins will be split among the ICO buyers.

i hope so

Distributed to ICO buyers I believe.

how will the unsold coins be handled ?

Hmmhm, yeah, like they all did x10 to x50 looking at all these unfundamental fund overloaded ICO's nowadays

The last time I was tricked on someone like you was when I lost almost 60% of my ICO invested money while big big dump right after ICO had been closed to trade.

Look at the ANNs of Waves, DAO, Rise with fancy lambos and x30 predictions all over every page. Really nothing of these nonsense happened. All been rekt and lost painful amounts of their money which they put in under tremendous risk and by loosing parts of their free lifetime. So pls be serious guys, help the project by sharing your technical ideas and improvements.

Lol! Pumping and FUDing in the same thread. Talk about Dissociative identity disorder.

A look into his Post-history is enough to see that nothing seems to be really serious. Yesterday he wrote "Hype-Posts" like this:


Seems to be a clown.

He pretty much said so himself. He is just trying to stop more people from buying HEAT.


But the way he is doing it is bordering on being illegal in some countries.

proof or it never happened !

Yes. A fixed fee for something as dynamic as the price of a cryptocurrency doesn't make sense. A fixed percentage would mean that it can become very expensive to transfer large amounts. Voting would probably be better. Or maybe something like in bitcoin where each miner can decide how much they want for confirming a transaction, and where people can decide how much they are willing to pay. I don't know if that could be implemented in a system like HEAT ledger but a fixed fee sucks. The fixed fee is one reason that I have zero interest in NXT. Having to change the code just to change the fee sucks. I'm not sure how large a transaction fee people are willing to pay, but with a currency like NXT it will never reach a billion dollars unless people are willing to pay $1(unless the code is changed). A billion is not really a currency. It's not even the size of a mid cap company.

Voting seems reasonable. Will there be voting enabled in the first wallet?

Or it could be a % of transaction. A fixed fee will likely become too expensive when price rises.

HEAT will likely be 10x price of ICO when launched...

The whitepaper is very nice, and the devs seem very professional and technical.

However, one thing that concerns me, is I don't see actual code on github anywhere.

Why don't you open-source it, so we can see what you're working on?

But if the market cap increase 100x then the transaction fee will be 100 times as expensive. If the fee is not a problem after having increased 10000 % then it was probably too low in the beginning for people to secure the network. NXT has a low fee now but the hard coded fee is 1 NXT, and if the market cap ever reaches 1 billion then the fee for every transaction will be $1. It will probably never reach a market cap of 10 billion because people wouldn't be willing to pay $10 for every transaction. An optimal Heat Ledger fee now will probably not be an optimal fee a few years from now. Why not do something else like letting the users decide what the most optimal fee will be? A kind of voting/consensus mechanism. To me that seems to be much better than having to change the code of the protocol when the fee in dollar terms becomes too high or too low.

Here you go!

    Price stage   HEAT price   Exchange / BTC   1 BTC worth   HEAT per 1 BTC equiv
BTC           2      0.00013       1.00000000        1.0000        7692.3077
FIMK          4           60       0.00000180   555555.5556        9259.2593
NXT           2            4       0.00005317    18807.5983        4701.8996
ETH           2       0.0080       0.01854530       53.9220        6740.2522

The rebate is applied during or shortly after the process of claiming your HEAT tokens. You'll need to confirm your email address through a link which is integrated to the HEAT distribution process, or in case of 3rd party escrow arranged in another way of proving you have access to your HEAT stake.

Depending on whether the full 25 Million distribution is reserved or not, and possibly some other technicalities, the rebate may be in a form of extra HEAT or alternatively cashback to your original crypto account. We'll be sure to let you know without any unclarity.

We are aiming for extremely low transaction fees, as low as possible basically.
But since we don't yet know the market cap HEAT will have at launch we can't decide on those yet.
All transaction costs reflect the actual cost those transactions have on the network.

There is a class of extremely cheap transactions.

- send payment to existing account
- transfer asset to existing account
- place buy order/sell order

A slightly more expensive class of transactions involves anything that creates a permanent addition to the shared storage among all peers, you should think of these in that case.

- anything that creates a new account+balance
- anything that creates a new asset

Right now transaction fees are hardcoded, but extremely low.
The idea here is that anyone can send transactions at almost no cost, yet still allow the network to favor higher fees over lower fees whenever there is so much traffic that we need to start deciding who gets in and who not.

But reaching that level soon is extremely unlikely since we for instance allow for 30,000 transaction blocks (NXT has 256).

By design HEAT of course can support much lower transaction fees than comparable crypto-currency frameworks that have not solved the blockchain size storage issue.


I'm sure the marketing department will have a look at that. Thanks for the input.

I was told that after the ICO you will get a mail with instructions on how to claim the 0.5%.

I'm wondering what the transaction fee will be? I hope that it isn't a hardcoded fee where an increase in the price also means an increase in the fee. That could quickly become very expensive if the price rises 10x or 100x. Maybe a kind of built in voting mechanism would work. Probably better than making a hardfork every time the fee has to be changed.

Also have you considered changing the name? When I search for Heat Ledger on google I get results about the dead actor Heath Ledger.