Topic: [ANN] [KRB] Karbo (Ҝ) Кapбoвaнeць - Anon / stable transaction costs - page 11. (Read 493174 times)

Since algorithmic Karbo has a monetary mechanism built in because crypto assets will tend to show the same stability as electricity prices.

'Marketing budget'?  There's no marketing budget  

On 'stability'. It's rather 'balance' or 'balancing'. We are emulating central bank instruments that are missing on blockchain. We are going to implement an algorithmic stabilization mechanism called 'adaptive emission', that will reduce the block reward when the hash rate falls and increase the reward if the hashrate grows to meet growing demand. In addition, we are going to adapt the monetary deposits from XDN but with variable, difficulty driven interest rate - when hashrate and Karbo price fall, the algorithm will consistently increase the interest rate to the maximum of 1.5% per annum. It will absorb excess liquidity, which otherwise could go on sale and thereby further lower Karbo price. And vice versa. When hashrate is growing deposit interest rate will become smaller.  Read more in the article by our advisor https://medium.com/@sergey_kozlov/competition-of-money-e2b42fa5dafc

Please dev answer this when you can

Good news!

Karbo will take part in Kyiv Blockchain Forum on 3 Sept 2018

(More details about event: http://cryptotexty.io/start-autumn-with-the-viii-kyiv-blockchain-forum-sept-3rd-2018/)

In case you would like to visit Ukraine - this is good option to combine traveling and crypto interest!
Just in case We (Cryptotexty) are media partners so may be we'll be able to provide you with discount for tickets.
In case you need additional info Ukraine, we can also help

 @Aivve - Founder of Karbo




 Sergiy Turchenko - Karbo core team

There is now less than 5 days left of the SonoX exchange prelisting vote.
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There is still plenty of room for projects to gain enough votes to get into top 15 so you better hurry.

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I see. Where are you spending your marketing budget? Having a little niche makes the probability of long term sucess much bigger.
Stability will come with mass adoption, won't happen before that. How does your stability work?

This happened historically like many apps have their territories where they are most popular, for example, social media or messengers. The same can be applied to currencies, especially if they use a historical name. We started with the Ukrainian name for currency and intention was to gain popularity in a home region then spread, but we never minded to be popular and used worldwide, even changed the name to more friendly for pronunciation    We never wanted to be official national cryptocurrency. We hope stability can bring more adoption as we want to get a niche of exchange currency, through use as a store of value should be quite possible as well - we don't want to completely stop the price rise, just smoothen volatility and will even have deposits on blockchain like similar to us currencies.

TLDR: Karbo to become first anonymous stablecoin. The first step in this direction is scheduled in a couple of days as a hardfork to introduce adaptive fees. Why stable transaction costs matter read here https://medium.com/@karbo.org/stable-transaction-costs-of-cryptocurrency-c5111d6e08f3

So please, again make sure you're using latest wallets, if you're using remote node, please make sure it's updated (it can be checked visiting node's ip like this http://95.46.98.64:32348/getinfo and checking the 'version' string, it should say "1.5.5.802 (c60236c)"

For a long time did not come here, please tell me the latest news about this project? I've always been interested in him before.

Thanks for the fast answer. Personally I don't think stability is needed. It will arrive once mass adoption is achieved and that will take time.
You're focused on Ukraine? I mean your objective is to be the national coin of Ukraine?

Rw

What is Karbo TLDR?

You may also take a look at this article: https://medium.com/@sergey_kozlov/competition-of-money-e2b42fa5dafc

Hi! We've listed Karbo on Kompler. Kompler is a brand new exchange with low fees, and by buying our token, you pay no extra fee, just 0.1 KOMP per trade (about 0.01 USD) no matter the volume.

https://www.kompler.exchange/#/markets/BTC/KRB

This month we are running a competition awarding the top 3 traders with 100k NBR (https://medium.com/kompler/august-competition-100-000-00-nbr-25cd297f7131)

Check out our white paper to learn more about how Kompler works and how KOMP can help you save money!
https://www.kompler.exchange/static/whitepaper-en.pdf

Follow us on Twitter, Facebook, and Medium to keep yourself updated:
https://twitter.com/komplerexchange
https://facebook.com/komplerexchange/
https://medium.com/kompler

Thanks!

Wallets update released

Karbo Wallet Classic v. 1.2.7 https://github.com/seredat/karbowanecwallet/releases/tag/v.1.2.7
Karbo GUI v. 2.0.2 https://github.com/Karbovanets/Karbo-GUI/releases/tag/v.2.0.2
Karbo Lite wallet v. 1.0.2 https://github.com/Karbovanets/Karbo-lite/releases/tag/v.1.0.2

We released an important update of LWMA-2 DA. To all pools, nodes and exchanges, please update to the version 1.5.5 https://github.com/seredat/karbowanec/releases/tag/v.1.5.5


Please make sure you have version v1.5.5.802 (c60236c)

Hi

TLDR Karbo to become first anonymous stablecoin.

We have whitepaper http://karbo.io/whitepaper.pdf v. 1.0 there are our far fetching plans outlined though they are subject to minor changes, and no exact timeframes are set. In short, we are going to fulfill our promise from day one to be a coin actually used not just a speculative vehicle. 

Crypto assets in their majority are represented by projects with limited or fixed supply, oriented on a deflationary model with extremely high volatility. They are far away from mass adoption as a medium of exchange but they are more and more popular as a store of value. Thus fiat money are used by everyone on everyday basis, leaving for crypto assets small space for nontraditional investments. However there are few projects in crypto space pegged to fiat currencies like USD Tether, but it is difficult to call them a truly decentralised entities. By nature, these projects are looking like fully centralized traditional financial companies. Which means that there is a niche and demand on the market for a stable medium of exchange which will be decentralized and will operate without oracles or trusted parties.

In Karbo project we set a goal of creating such decentralized, community-oriented medium of exchange, a stable cryptocurrency (and by 'stablecoin' we mean a currency with low price volatility) by introducing new to crypto world technics of regulating coin supply to stabilize its market price and exchange rate. The key principle of CryptoNote is adaptive parameters. Karbo already has an adaptive block size limit and difficulty. In addition, Karbo will implement adaptive emission, adaptive minimal transaction fee and adaptive monetary deposit interest rate to achieve this goal. These changes are based on Vitalik Buterin and Scott Roberts ideas that coin price can be determined by difficulty. Hence it can be regulated by adapting the above-mentioned parameters.

The first stage of this transformation, namely adaptive transaction fee is implemented and is going to be activated in next hardfork that is scheduled and will happen in several days.

Hi dev,

what is the roadmap for KRB?

Rw

Karbo is listed on the new exchange: https://www.kompler.exchange/#/markets/BTC/KRB

Features:

- Mining to exchange

- Workers

- Adjustable instant payout levels

- Email and telegram notifications

- SSL

May be good idea to restore faucet? http://faucet.karbowanec.com/
Just checked it's not working, but I remember that a year ago there were some Karbo there

Karbo is listed at eXion.IO exchange: https://exion.io/home/markets