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Topic: [ANN] Mojocoin [MOJO] - transition to PoS coming up... (Read 17363 times)

legendary
Activity: 1148
Merit: 1000
A Wound in Eternity
sr. member
Activity: 396
Merit: 250
We just don't think that we will able to do what we want running on top of the Nxt blockchain so we go back to PoS coin to experiment with. Changing from Nxt to a PoS coin is not planned or part of anything, it just opens up other possibilities again.

Ok, no problem - other than I'd been looking forward to what you could do with an MS-coin  Smiley

Thanks for your answer.
legendary
Activity: 1148
Merit: 1000
A Wound in Eternity
We just don't think that we will able to do what we want running on top of the Nxt blockchain so we go back to PoS coin to experiment with. Changing from Nxt to a PoS coin is not planned or part of anything, it just opens up other possibilities again.
sr. member
Activity: 396
Merit: 250
Yes, we will exchange all the MOJO for "new" MOJO of course and keep a free distribution pathway. This is part of the experiment. We just need to free ourselves from the Nxt blockchain and this appears to be the best way and then we'll work from there.
(...)

How come "freeing" a Nxt MS-coin from the Nxt blockchain is "part of the experiment"? Please explain, thanks.






Website: Mojomoney
Twitter: Follow us on Twitter

INITIAL PLAN
After initial distribution we seek to develop a 'light' wallet and get MOJO listed at
an exchange outside of the Nxt system. Poloniex and some other exchanges
support Nxt created coins. Once we have a few users we can experiment with
the blockchain and a 'light' wallet.

If we can get the 'light' wallet completed we will have an Android and iOS app
from that code. This will be built on Nxt.

RESOURCES
MOJO Currency Distribution
Distribution sheet (being updated)
Nxt Explorer for MOJO

We will see what we can do in terms of explorers but this seems ok for now.

If distribution is successful then we will look at other applications for MOJO.

MOJO money for free!!!


This is a self moderated thread as there is so much crap being thrown around. Constructive ideas and other related stuff is welcome.
Irrelevant stuff and FUD will be deleted as it serves no meaningful purpose.
legendary
Activity: 1148
Merit: 1000
A Wound in Eternity
Sorry about the delay everyone. There has been Xmas and I have been doing some work on BITZ (https://bitcointalksearch.org/topic/bitz-pure-10-pos-on-bittrex-1234442).
We will soon be back on schedule with Mojocoin w/ further distribution and the January raffle. Date and times for January will be published soon

The preliminary plan at this stage is to continue with distribution until the end of January and complete the January raffle
That means that we will pay anyone who has registered up until 24/01/2016

We are then planning to transition to a PoS coin where there will be a 1:1 swap of MOJO (Nxt) to MOJO (PoS)
Further details to be announced but the transition will be done by end of February 2016

After trying this mode of distribution and running on top of Nxt we realise that we will not reach the number of people we want to reach

Distribution will still be free as before and we will come back to a new method


Does that mean that there will be an exchange of the existing Mojo from Nxt-Blockchain out to new Mojo?
Will this new Mojo than completely independent from the Nxt-Blockchain?

Thanks for answering this here.

It seems to be a very interesting project and I like the monthly distribution.

Yes, we will exchange all the MOJO for "new" MOJO of course and keep a free distribution pathway. This is part of the experiment. We just need to free ourselves from the Nxt blockchain and this appears to be the best way and then we'll work from there. I will go through and pay out everyone that has signed up so far and do the next raffle as promised. Then we will look for a way to distribute free MOJO on a monthly basis. We are looking at ways of doing this to make it difficult to cheat and make sure everyone only gets paid once (except the raffles which we will keep up). We are welcoming any ideas for a fair and scam free way of distributing coins outside of this forum as well.
full member
Activity: 224
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
Sorry about the delay everyone. There has been Xmas and I have been doing some work on BITZ (https://bitcointalksearch.org/topic/bitz-pure-10-pos-on-bittrex-1234442).
We will soon be back on schedule with Mojocoin w/ further distribution and the January raffle. Date and times for January will be published soon

The preliminary plan at this stage is to continue with distribution until the end of January and complete the January raffle
That means that we will pay anyone who has registered up until 24/01/2016

We are then planning to transition to a PoS coin where there will be a 1:1 swap of MOJO (Nxt) to MOJO (PoS)
Further details to be announced but the transition will be done by end of February 2016

After trying this mode of distribution and running on top of Nxt we realise that we will not reach the number of people we want to reach

Distribution will still be free as before and we will come back to a new method


Does that mean that there will be an exchange of the existing Mojo from Nxt-Blockchain out to new Mojo?
Will this new Mojo than completely independent from the Nxt-Blockchain?

Thanks for answering this here.

It seems to be a very interesting project and I like the monthly distribution.
full member
Activity: 224
Merit: 100
keep good work dev

waiting for good news
legendary
Activity: 1148
Merit: 1000
A Wound in Eternity
Sorry about the delay everyone. There has been Xmas and I have been doing some work on BITZ (https://bitcointalksearch.org/topic/bitz-pure-10-pos-on-bittrex-1234442).
We will soon be back on schedule with Mojocoin w/ further distribution and the January raffle. Date and times for January will be published soon

The preliminary plan at this stage is to continue with distribution until the end of January and complete the January raffle
That means that we will pay anyone who has registered up until 24/01/2016

We are then planning to transition to a PoS coin where there will be a 1:1 swap of MOJO (Nxt) to MOJO (PoS)
Further details to be announced but the transition will be done by end of February 2016

After trying this mode of distribution and running on top of Nxt we realise that we will not reach the number of people we want to reach

Distribution will still be free as before and we will come back to a new method
tyz
legendary
Activity: 3346
Merit: 1530
Creating an own wallet with the Nxt framework as a backend is not acutally a big deal. So, the project should use its development funds to find someone who is able to create such a wallet for Mojo.

Raffle draw or not i am watching this coin and i thought it could be bigger if it has its own wallet and depend on nxt network.
newbie
Activity: 24
Merit: 0
PM sent to EBK1000


Just to make it clear:

December is only open to new "member". If you registered in November do NOT register in the December round as you will be disqualified and excluded from the raffles.

December for NEW "members" only....

I've send a PM in November but I'm nowhere in your google doc "entry of the month".
Appart from PM + NXT adress is there any other parameters to fulfil to qualify for MOJO coins?
Thank you for your time.

It will not be open to "Newbie" accounts for the time being at least as it's too easy to cheat and I want to try to distribute fairly. I am open to suggestions on further distribution however...


Well I don't use bitcoin but NXT this is why I've got such a low post rate on your bitcoin forum... but whatever. (replace 'murica with NXT here under, thx)

http://t1.livememe.com/laq0vl_4.jpg
legendary
Activity: 966
Merit: 1001
Smart words from the dev.
legendary
Activity: 1148
Merit: 1000
A Wound in Eternity
PM sent to EBK1000


Just to make it clear:

December is only open to new "member". If you registered in November do NOT register in the December round as you will be disqualified and excluded from the raffles.

December for NEW "members" only....

I've send a PM in November but I'm nowhere in your google doc "entry of the month".
Appart from PM + NXT adress is there any other parameters to fulfil to qualify for MOJO coins?
Thank you for your time.

It will not be open to "Newbie" accounts for the time being at least as it's too easy to cheat and I want to try to distribute fairly. I am open to suggestions on further distribution however...
sr. member
Activity: 434
Merit: 250
Raffle draw or not i am watching this coin and i thought it could be bigger if it has its own wallet and depend on nxt network.
newbie
Activity: 24
Merit: 0
PM sent to EBK1000


Just to make it clear:

December is only open to new "member". If you registered in November do NOT register in the December round as you will be disqualified and excluded from the raffles.

December for NEW "members" only....

I've send a PM in November but I'm nowhere in your google doc "entry of the month".
Appart from PM + NXT adress is there any other parameters to fulfil to qualify for MOJO coins?
Thank you for your time.
legendary
Activity: 1148
Merit: 1000
A Wound in Eternity
Just to make it clear:

December is only open to new "member". If you registered in November do NOT register in the December round as you will be disqualified and excluded from the raffles.

December for NEW "members" only....
hero member
Activity: 615
Merit: 500
hero member
Activity: 615
Merit: 500
ALL RAFFLE PAYOUTS HAVE BEEN COMPLETED!!

RhodaGila - 100,000 MOJO, P-Funk - 90,000 MOJO, lovewiki - 80,000 MOJO
saamxx - 70,000 MOJO, Beoga - 60,000 MOJO, LiQio - 50,000 MOJO
sorinln - 40,000 MOJO, th4o - 30,000, kevin1234a - 20,000, kunac - 10,000 MOJO

The above entries will abstain from the next three rounds.

Good luck!!!

Thank you dev, coin has been received
legendary
Activity: 1148
Merit: 1000
A Wound in Eternity
ALL RAFFLE PAYOUTS HAVE BEEN COMPLETED!!

RhodaGila - 100,000 MOJO, P-Funk - 90,000 MOJO, lovewiki - 80,000 MOJO
saamxx - 70,000 MOJO, Beoga - 60,000 MOJO, LiQio - 50,000 MOJO
sorinln - 40,000 MOJO, th4o - 30,000, kevin1234a - 20,000, kunac - 10,000 MOJO

The above entries will abstain from the next three rounds.

Good luck!!!
legendary
Activity: 1148
Merit: 1000
A Wound in Eternity
I think that if you read the OP and the messages we say that we will distribute a few MOJO before anything else happens. This will be done by opening up for 100 new "members" each month from the 10th and then a raffle around the first week of every month. I would say that after around 6 months we will start to prepare further actions around the coin. In respect of that, anyone is free to suggest anything. This project is experimental and open ended so if you want to conduct activities etc. to try and get some value for your coins then do that.

I am trying to understand the Nxt system and exploring ideas for what we may do with this project. It is voluntary to take part and you can just sit back and receive some coins or you can try to do something that you think might be useful.

As I have stated before with this project. We make no promises and we do not have a road map as such. We will keep distributing and try to find ways to widen our reach.

hero member
Activity: 672
Merit: 500
Yes we need to wait..

But to keep our MOJO community alive, you must need to conduct continued activities.
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