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Topic: [ANN] IDAPAY Community Take-over! | MASTERNODE | X11 | - page 4. (Read 1892 times)

hero member
Activity: 1680
Merit: 583
xUSD - The PRIVATE stable coin - Haven Protocol
The project offering 80% reward for the masternode owner, does that a good reward value?
I've never had any experience with masternode before.

For the masternode owner it is good; for the miner, not so good.  We have been discussing making adjustments that minimize the impact of any changes in percentage to the masternode owner, while also providing more incentive for the miners.  As we have seen multiple times in the past month... miners are essential to the stability of the network.

To your question, don't always look at the percent of the reward, but also the amount of the reward compared to the block time and the max supply of the coin.  For example, some coins out there look amazing at the surface, but when you think about it a little, it's really "too good to be true".  For example, a coin that gives 90% to the MN and 10% to the miner may have network issues if the miners all leave.  Combine that with a high payout, like 20% of the master node collateral for a block reward looks promising, but if you do the math it could turn out that is only sustainable for a couple months before the max coin cap is reached.

There is a balance that is necessary to keep both the miners and the masternode owners happy for a long life of the coin.  This often is not nearly as attractive as some of the coins that are out there; but that balance is necessary for a long stable life of the coin.


It will be great to make our D3s profitable again with IDA
lot of miners are waiting for a good x11 algo coin, so, this project could be it
newbie
Activity: 27
Merit: 0
The project offering 80% reward for the masternode owner, does that a good reward value?
I've never had any experience with masternode before.

For the masternode owner it is good; for the miner, not so good.  We have been discussing making adjustments that minimize the impact of any changes in percentage to the masternode owner, while also providing more incentive for the miners.  As we have seen multiple times in the past month... miners are essential to the stability of the network.

To your question, don't always look at the percent of the reward, but also the amount of the reward compared to the block time and the max supply of the coin.  For example, some coins out there look amazing at the surface, but when you think about it a little, it's really "too good to be true".  For example, a coin that gives 90% to the MN and 10% to the miner may have network issues if the miners all leave.  Combine that with a high payout, like 20% of the master node collateral for a block reward looks promising, but if you do the math it could turn out that is only sustainable for a couple months before the max coin cap is reached.

There is a balance that is necessary to keep both the miners and the masternode owners happy for a long life of the coin.  This often is not nearly as attractive as some of the coins that are out there; but that balance is necessary for a long stable life of the coin.
member
Activity: 420
Merit: 10
The project offering 80% reward for the masternode owner, does that a good reward value?
I've never had any experience with masternode before.
newbie
Activity: 27
Merit: 0
Well, you have to be patient
There is no big development team, but they are going to do it right
Follow the news on discord & if you can, suggest some improvements that could help
This project now is a community run, so, there will be no hype & bull runs, but if the devs will complete all the tasks frim the roadmap we can have a goon and perspective project
Just keep calm and wait dor it

Thank you big_daddy.

I think it's important to add that the original developers made an announcement of abandonment with a 48 hour window for questions.  The coin was dead; and dropped to 1 satoshi very quickly.  So anyone saying the coin is worth less now... is just FUD. 

3 of us, with no prior affiliation, banded together to lead a community takeover.  None of us were planning on taking it over, but we had 48 hours to jump in and keep the coin from completely going dead.

Yes, it's been a few weeks now, and we still don't have full control of things yet.  There is plenty that we would love to do (exchanges, listings, giveaways, etc) but we pretty much have zero budget.  We are now a grassroots movement and 100% volunteers.  Everyone has a say in the direction, everyone has a stake in volunteering.

Yes, we don't have a formulated business plan, road map, team of developers, yada yada yada.  But we have the coin still alive; almost a month after it's death announcement.

So I won't accept anyone bitching about our progress.  If you don't like what you're seeing, I'll personally buy your coins for the 1 satoshi it bottomed out at when we stepped in.  If you don't like what you're seeing, step up and volunteer and join us.  If you just want to complain about the people that are bringing the coin back from the brink, and not have patience as we sort this out... there's a gazillion other coins out there, and we won't bat an eye at your departure, because we have much more important things to do for Idapay then to worry about anyone's armchair judgement.

hero member
Activity: 1680
Merit: 583
xUSD - The PRIVATE stable coin - Haven Protocol
This coin is just unfortunate, it was worth little with the old developers who abandoned the project and it is worth less now that it is managed by the community.

What is your general plan to revive this coin?
Do you have a marketing plan to make it known to big investors?
Are you going to put it on MasterNodes.online?
Have you thought about including this currency on other Exchange over Graviex?
Have you thought about working on the image of this coin with new graphics and a decent website as the new one is really basic?

It's been over a month since this coin is in the hands of the community and you still can not see anything good.

Well, you have to be patient
There is no big development team, but they are going to do it right
Follow the news on discord & if you can, suggest some improvements that could help
This project now is a community run, so, there will be no hype & bull runs, but if the devs will complete all the tasks frim the roadmap we can have a goon and perspective project
Just keep calm and wait dor it
newbie
Activity: 112
Merit: 0
We have added your project to a fast growing platform for ICO investors https://icobuffer.com/projects/idapay. We recommend you to add more information about your project, this could positively affect the rating. Write to me if you have any questions.
legendary
Activity: 1190
Merit: 1000
Any plan to list on more exchange & parnership?
jr. member
Activity: 354
Merit: 2
Idapay is a great project!
member
Activity: 156
Merit: 10
Community takeovers are pretty cool!
Is there an airdrop?

yes there will be , currently  you can join telegram and drop your ida address to get 5 ida https://t.me/idapay
member
Activity: 502
Merit: 15
Building Altcoinchain
Community takeovers are pretty cool!
Is there an airdrop?

We control the hen now, next is to make it lay eggs Smiley

It will be some giveaways and contests, but we need more activity overall.

The site will move to new webserver very soon, explorer and github get their respective subdomains, and there is room for more.

Be sure to join us at the Discord and help create a thriving community, and a worthy future of our coin.

https://discord.gg/GSfHnxz
newbie
Activity: 38
Merit: 0
Community takeovers are pretty cool!
Is there an airdrop?
member
Activity: 502
Merit: 15
Building Altcoinchain


BLOCK EXPLORER and Discord Link  - don't work, check

The discord link works here, you may be banned? What's your discord name?

Even the explorer link works here?
hero member
Activity: 1680
Merit: 583
xUSD - The PRIVATE stable coin - Haven Protocol
You could think about the rewards
Miners should have more than MNs
My opinion only
Think about it, lets try to make the D3 profitable again
member
Activity: 156
Merit: 10
Is there a timeframe/deadline for the swap?

theres no swap its the same chain. its not a fork, its simply a community takeover old dev gave premine funds 270k ida to the community before leaving along with access to other stuff
jr. member
Activity: 770
Merit: 9
Is there a timeframe/deadline for the swap?
newbie
Activity: 44
Merit: 0

IDAPAY IS AVAILABLE ON
HASH4VALUE MINING POOL


http://hash4value.pw

Based on Yiimp pool (No Registration Needed)
Payout every 2 hours for balances starting from  : 0.01 IDA
Fee  : 0.1% Only (Lowest Fee)

Code:
-a x11 -o stratum+tcp://hash4value.pw:3533 -u  -p c=IDA

member
Activity: 156
Merit: 10
nice Smiley lets go ida community together to the stars and beyond  Grin signature campaign and bounties to be announced soon
newbie
Activity: 126
Merit: 0
member
Activity: 502
Merit: 15
Building Altcoinchain


IDAPay was the first coin out on NEW POOL 🔥🔥🔥 www.GpuHot.com 🔥🔥🔥
Code:
-a x11 -o stratum+tcp://gpuhot.com:3533 -u  -p c=IDA
Payouts every hour - Low fee 0.5%

♨️ Block explorer: http://gpuhot.com/explorer/IDA
♨️ Nodes list: http://gpuhot.com/explorer/peers/1863

♨️ Discord: https://discord.gg/FBFVFhv - Enjoy Wink

🔅 http://gpuhot.com/  🔅
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