Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!! - page 59. (Read 2085654 times)
I believe NAV $ 20.
the future will be wonderful
For me this is a no-brainer.
NAV will certainly advance anyway, simply because of the size, quality and dedication of the Dev team.
But they cant be expected to do it all. NAV has a large, and thankfully, very loyal and supportive community; its not unreasonable to be expected to contribute a little extra to NAVs long-term success. As I say, NAV will succeed anyway, but surely we all want this sooner rather than later?
I want the 'long-term' to be as short as we can all make it, so I voted YES, and I urge all NAVigators to do likewise.
NAV will certainly advance anyway, simply because of the size, quality and dedication of the Dev team.
But they cant be expected to do it all. NAV has a large, and thankfully, very loyal and supportive community; its not unreasonable to be expected to contribute a little extra to NAVs long-term success. As I say, NAV will succeed anyway, but surely we all want this sooner rather than later?
I want the 'long-term' to be as short as we can all make it, so I voted YES, and I urge all NAVigators to do likewise.
I just found the answer to my earlier question at navcoin always informative weekly news. (love that they communicate so well)
"You should be presented with a popup option to choose yes or no. At this stage, we are proposing reducing staking from 5% to 4% and generating 0.25 NAV per block to add to the community fund which roughly cancels out to have the annual inflation remain the same. The stake percent and funding amounts are still up for debate. Similar to the two vote proposal system there will be another network vote when we’ve completed the work when you get to decide whether or not to include the new consensus method with specific rates into the source code. This vote is to decide if a community fund is even something the community wants us to work on."
Perfect..
Gonna go get my vote signalling. Imagine NAV core with funding + the extra community morale and support this will bring. Future will be bright. I hope we can see a vote similar to what we saw with the segwit one.
"You should be presented with a popup option to choose yes or no. At this stage, we are proposing reducing staking from 5% to 4% and generating 0.25 NAV per block to add to the community fund which roughly cancels out to have the annual inflation remain the same. The stake percent and funding amounts are still up for debate. Similar to the two vote proposal system there will be another network vote when we’ve completed the work when you get to decide whether or not to include the new consensus method with specific rates into the source code. This vote is to decide if a community fund is even something the community wants us to work on."
Perfect..
Gonna go get my vote signalling. Imagine NAV core with funding + the extra community morale and support this will bring. Future will be bright. I hope we can see a vote similar to what we saw with the segwit one.
Thank you for the replies. so as there is not some other possible vote option looming after this one, it seems the best option is vote yes to this. nav has a great team and great tech but companies need funding to do great things. i think the community involvement is a nice aspect also.
can anybody explain the rational for the why the lower staking rate though? I'm a big picture type of person so the yes vote is obvious to me but i am curious about this. Thanks
can anybody explain the rational for the why the lower staking rate though? I'm a big picture type of person so the yes vote is obvious to me but i am curious about this. Thanks
Voted Yes. The reasons are obvious! I´m in for the long run.
Go NAV Team...
Go NAV Team...
Voted yes, I love this plan to help Nav progress. We have always been a small team with great potential.
1% staking donated is not much and I have a lot of Navcoin. 4% is still more than ETH, LTC, ETC..... RIGHT!
Back from vacation so time for Navcoin to get a serious push. I am hoping for more progress on our advertising side.
Navcoin goes up 50% - 100% with assist from community funded staking reward at the cost of 1% is a great ROI.
I hope everyone can really see the big picture here and not focus on the negative posts. Navcoin is going far beyond todays price surge.
Best to all of you!
There is one proposal now that we vote on. Currently the staking reward is 5%. The proposal is to lower the staking reward to 4% and every block 0.25 NAV Coin to a community fund.
So yes, staking will earn you less NAV Coin annually. However, you will get a community fund in place that could be a huge boost to the development of NAV Coin.
Discussions over the past months and polls determined that the 4% + 0.25NAV/block to the fund, was the most popular option. If this proposal doesn't reach a 75% majority vote, I don't know when and if another proposal will be brought to vote.
0.25 NAV/Block means about 21600 NAV Coin going towards the community fund. The stakers are in charge of the fund and without a majority vote no funds can be released. Everyone is able to ask for funds and propose an idea to the stakers. First the stakers will have to agree on the idea and in a later voting they have to agree on releasing the funds.
1% staking donated is not much and I have a lot of Navcoin. 4% is still more than ETH, LTC, ETC..... RIGHT!
Back from vacation so time for Navcoin to get a serious push. I am hoping for more progress on our advertising side.
Navcoin goes up 50% - 100% with assist from community funded staking reward at the cost of 1% is a great ROI.
I hope everyone can really see the big picture here and not focus on the negative posts. Navcoin is going far beyond todays price surge.
Best to all of you!
Hi, I'm just catching up on things. Trying to get a better grip on what the vote is about as i just grabbed the new wallet but not yet voted. I'm heading over to reddit after i post this to try and learn more.
I saw somebody mention they wanted to vote no to this so they can vote yes for a secondary proposal (5-1 i think they may have said?) Can anybody enlighten me on this or point me to where i can read up as to various options?
From what I've read so far it seems like a vote yes is voting for two things. A staking reduction + a developers fund and from how I've read it they would reduce staking from 5% to 4% ( a 20% reduction) and then take a further amount from that reduced staking amount for development fund.
As an investor and staker it seems kind of like they are going in my pocket twice on this one vote. Am I reading into this wrong?
I love this project and think a community/development fund is a great idea and totally what navcoin needs. I would totally vote yes on that. But i don't personally like the 20% reduction on staking on top of that. unless i'm misunderstanding..
I think if it is two major changes it should be two votes personally.
I'll do some reading back here and onto reddit but if anybody can share some thoughts pro/con i would appreciate it.
Otherwise I may be defaulting to a NO vote until I'm given a chance to vote separately. Kind of sad on that because I would totally like to kick in some support to the team and have community proposals.
I saw somebody mention they wanted to vote no to this so they can vote yes for a secondary proposal (5-1 i think they may have said?) Can anybody enlighten me on this or point me to where i can read up as to various options?
From what I've read so far it seems like a vote yes is voting for two things. A staking reduction + a developers fund and from how I've read it they would reduce staking from 5% to 4% ( a 20% reduction) and then take a further amount from that reduced staking amount for development fund.
As an investor and staker it seems kind of like they are going in my pocket twice on this one vote. Am I reading into this wrong?
I love this project and think a community/development fund is a great idea and totally what navcoin needs. I would totally vote yes on that. But i don't personally like the 20% reduction on staking on top of that. unless i'm misunderstanding..
I think if it is two major changes it should be two votes personally.
I'll do some reading back here and onto reddit but if anybody can share some thoughts pro/con i would appreciate it.
Otherwise I may be defaulting to a NO vote until I'm given a chance to vote separately. Kind of sad on that because I would totally like to kick in some support to the team and have community proposals.
There is one proposal now that we vote on. Currently the staking reward is 5%. The proposal is to lower the staking reward to 4% and every block 0.25 NAV Coin to a community fund.
So yes, staking will earn you less NAV Coin annually. However, you will get a community fund in place that could be a huge boost to the development of NAV Coin.
Discussions over the past months and polls determined that the 4% + 0.25NAV/block to the fund, was the most popular option. If this proposal doesn't reach a 75% majority vote, I don't know when and if another proposal will be brought to vote.
0.25 NAV/Block means about 21600 NAV Coin going towards the community fund. The stakers are in charge of the fund and without a majority vote no funds can be released. Everyone is able to ask for funds and propose an idea to the stakers. First the stakers will have to agree on the idea and in a later voting they have to agree on releasing the funds.
Hi, I'm just catching up on things. Trying to get a better grip on what the vote is about as i just grabbed the new wallet but not yet voted. I'm heading over to reddit after i post this to try and learn more.
I saw somebody mention they wanted to vote no to this so they can vote yes for a secondary proposal (5-1 i think they may have said?) Can anybody enlighten me on this or point me to where i can read up as to various options?
From what I've read so far it seems like a vote yes is voting for two things. A staking reduction + a developers fund and from how I've read it they would reduce staking from 5% to 4% ( a 20% reduction) and then take a further amount from that reduced staking amount for development fund.
As an investor and staker it seems kind of like they are going in my pocket twice on this one vote. Am I reading into this wrong?
I love this project and think a community/development fund is a great idea and totally what navcoin needs. I would totally vote yes on that. But i don't personally like the 20% reduction on staking on top of that. unless i'm misunderstanding..
I think if it is two major changes it should be two votes personally.
I'll do some reading back here and onto reddit but if anybody can share some thoughts pro/con i would appreciate it.
Otherwise I may be defaulting to a NO vote until I'm given a chance to vote separately. Kind of sad on that because I would totally like to kick in some support to the team and have community proposals.
I saw somebody mention they wanted to vote no to this so they can vote yes for a secondary proposal (5-1 i think they may have said?) Can anybody enlighten me on this or point me to where i can read up as to various options?
From what I've read so far it seems like a vote yes is voting for two things. A staking reduction + a developers fund and from how I've read it they would reduce staking from 5% to 4% ( a 20% reduction) and then take a further amount from that reduced staking amount for development fund.
As an investor and staker it seems kind of like they are going in my pocket twice on this one vote. Am I reading into this wrong?
I love this project and think a community/development fund is a great idea and totally what navcoin needs. I would totally vote yes on that. But i don't personally like the 20% reduction on staking on top of that. unless i'm misunderstanding..
I think if it is two major changes it should be two votes personally.
I'll do some reading back here and onto reddit but if anybody can share some thoughts pro/con i would appreciate it.
Otherwise I may be defaulting to a NO vote until I'm given a chance to vote separately. Kind of sad on that because I would totally like to kick in some support to the team and have community proposals.
There is one proposal now that we vote on. Currently the staking reward is 5%. The proposal is to lower the staking reward to 4% and every block 0.25 NAV Coin to a community fund.
So yes, staking will earn you less NAV Coin annually. However, you will get a community fund in place that could be a huge boost to the development of NAV Coin.
Discussions over the past months and polls determined that the 4% + 0.25NAV/block to the fund, was the most popular option. If this proposal doesn't reach a 75% majority vote, I don't know when and if another proposal will be brought to vote.
0.25 NAV/Block means about 21600 NAV Coin going towards the community fund. The stakers are in charge of the fund and without a majority vote no funds can be released. Everyone is able to ask for funds and propose an idea to the stakers. First the stakers will have to agree on the idea and in a later voting they have to agree on releasing the funds.
Hi,
Is this coin a POS coin? I knew that is 5% interest per year so what is the reward per block??
Or if let say i got 10k coin = 10,000 x 5% = 500 coins per year so mean 500/365 and i will get 1.369863 daily??? if not maybe someone can share with me how does this coin work as POS.
Thank you
Vicki
Is this coin a POS coin? I knew that is 5% interest per year so what is the reward per block??
Or if let say i got 10k coin = 10,000 x 5% = 500 coins per year so mean 500/365 and i will get 1.369863 daily??? if not maybe someone can share with me how does this coin work as POS.
Thank you
Vicki
Hello Vicki!
This is indeed a Proof of Stake coin. Bocyaj wrote an in-depth guide about NAV Coin PoS: https://steemit.com/bitcoin/@juguelio/nav-coin-navpi-stakebox-unit-giveaway-get-a-free-raspberry-pi-with-nav-coin-image-pre-installed-pos-mining
On my website you can find a staking calculator to calculate when staking is profitable for you for example: https://navtechservers.com/navtech-tools/staking-calculator/
You will indeed earn 1.369863 daily on average! So don't focus too much on daily returns but rather look at a longer period.
Oh great thank for the link and i am looking for long term investment coin and navcoin got a good trading volume as well in bittrex
Wow the calculator is super nice..i want to find a good POS coin to stake ..cause which to transfer my mining profit to hold 1 coin..so in return i still got interest to get too.
Hi,
Is this coin a POS coin? I knew that is 5% interest per year so what is the reward per block??
Or if let say i got 10k coin = 10,000 x 5% = 500 coins per year so mean 500/365 and i will get 1.369863 daily??? if not maybe someone can share with me how does this coin work as POS.
Thank you
Vicki
Is this coin a POS coin? I knew that is 5% interest per year so what is the reward per block??
Or if let say i got 10k coin = 10,000 x 5% = 500 coins per year so mean 500/365 and i will get 1.369863 daily??? if not maybe someone can share with me how does this coin work as POS.
Thank you
Vicki
Hello Vicki!
This is indeed a Proof of Stake coin. Bocyaj wrote an in-depth guide about NAV Coin PoS: https://steemit.com/bitcoin/@juguelio/nav-coin-navpi-stakebox-unit-giveaway-get-a-free-raspberry-pi-with-nav-coin-image-pre-installed-pos-mining
On my website you can find a staking calculator to calculate when staking is profitable for you for example: https://navtechservers.com/navtech-tools/staking-calculator/
You will indeed earn 1.369863 daily on average! So don't focus too much on daily returns but rather look at a longer period.
Hi, I'm just catching up on things. Trying to get a better grip on what the vote is about as i just grabbed the new wallet but not yet voted. I'm heading over to reddit after i post this to try and learn more.
I saw somebody mention they wanted to vote no to this so they can vote yes for a secondary proposal (5-1 i think they may have said?) Can anybody enlighten me on this or point me to where i can read up as to various options?
From what I've read so far it seems like a vote yes is voting for two things. A staking reduction + a developers fund and from how I've read it they would reduce staking from 5% to 4% ( a 20% reduction) and then take a further amount from that reduced staking amount for development fund.
As an investor and staker it seems kind of like they are going in my pocket twice on this one vote. Am I reading into this wrong?
I love this project and think a community/development fund is a great idea and totally what navcoin needs. I would totally vote yes on that. But i don't personally like the 20% reduction on staking on top of that. unless i'm misunderstanding..
I think if it is two major changes it should be two votes personally.
I'll do some reading back here and onto reddit but if anybody can share some thoughts pro/con i would appreciate it.
Otherwise I may be defaulting to a NO vote until I'm given a chance to vote separately. Kind of sad on that because I would totally like to kick in some support to the team and have community proposals.
I saw somebody mention they wanted to vote no to this so they can vote yes for a secondary proposal (5-1 i think they may have said?) Can anybody enlighten me on this or point me to where i can read up as to various options?
From what I've read so far it seems like a vote yes is voting for two things. A staking reduction + a developers fund and from how I've read it they would reduce staking from 5% to 4% ( a 20% reduction) and then take a further amount from that reduced staking amount for development fund.
As an investor and staker it seems kind of like they are going in my pocket twice on this one vote. Am I reading into this wrong?
I love this project and think a community/development fund is a great idea and totally what navcoin needs. I would totally vote yes on that. But i don't personally like the 20% reduction on staking on top of that. unless i'm misunderstanding..
I think if it is two major changes it should be two votes personally.
I'll do some reading back here and onto reddit but if anybody can share some thoughts pro/con i would appreciate it.
Otherwise I may be defaulting to a NO vote until I'm given a chance to vote separately. Kind of sad on that because I would totally like to kick in some support to the team and have community proposals.
Great progress! Growing development team!
https://navcoin.org/news/community-fund-vote-now-open-nav-pi-update-new-team-members/
https://navcoin.org/news/community-fund-vote-now-open-nav-pi-update-new-team-members/
Hi,
Is this coin a POS coin? I knew that is 5% interest per year so what is the reward per block??
Or if let say i got 10k coin = 10,000 x 5% = 500 coins per year so mean 500/365 and i will get 1.369863 daily??? if not maybe someone can share with me how does this coin work as POS.
Thank you
Vicki
Is this coin a POS coin? I knew that is 5% interest per year so what is the reward per block??
Or if let say i got 10k coin = 10,000 x 5% = 500 coins per year so mean 500/365 and i will get 1.369863 daily??? if not maybe someone can share with me how does this coin work as POS.
Thank you
Vicki
Update NavPi and enable automatic updates
- For NavPi v1.0.1 & v1.0.2 -
https://www.youtube.com/watch?v=x9qDuG2elUY
Update your NavPi v1.0.1 & v1.0.2 to the latest NavPi version!
If you are running the oldest v1.0.0 NavPi software, I recommend to format your SD card and flash the v1.0.3 image.
Tutorials can be found at: https://navtechservers.com/video-tutorials/navpi/
- For NavPi v1.0.1 & v1.0.2 -
https://www.youtube.com/watch?v=x9qDuG2elUY
Update your NavPi v1.0.1 & v1.0.2 to the latest NavPi version!
If you are running the oldest v1.0.0 NavPi software, I recommend to format your SD card and flash the v1.0.3 image.
Tutorials can be found at: https://navtechservers.com/video-tutorials/navpi/
what caused the spike?
obviously nobody has a clue
Bittrex fixed its problems with the Nav wallet which caused the slump in the price we experienced in the last 10 days. You can see a Bittrex support member looking for a dev in this very thread one page ago.
what caused the spike?
obviously nobody has a clue
what caused the spike?
Guys I just downloaded Electrum NAV for macOS, version 3.6.0, I made a withdrawal from Bittrex, I can see them in the wallet and it says "not verified". I checked the transaction details and it has over 150 confirmations, what's the problem then? Thanks!
Thanks Juguelio,
Updated wallet yesterday to 4.0.6. Very simple just had to rewind blocks, but only a few older wallets left to update.
Updated wallet yesterday to 4.0.6. Very simple just had to rewind blocks, but only a few older wallets left to update.
Hey guys remember:
Next week we will start a PoS vote about changing the reward system.
In order to be able to vote it's mandatory to update your wallet to 4.0.6
https://navcoin.org/downloads/
Pi Users can update entering the following script on the terminal (using ssh or keyboard+display):
wget -O - http://navcoin.org/files/update-navpi.sh | bash
Next week we will start a PoS vote about changing the reward system.
In order to be able to vote it's mandatory to update your wallet to 4.0.6
https://navcoin.org/downloads/
Pi Users can update entering the following script on the terminal (using ssh or keyboard+display):
wget -O - http://navcoin.org/files/update-navpi.sh | bash
Bittrex Wallet in Maintenance, What You Can Do to Help
A public service announcement from the Nav Coin team; The Bittrex Nav Coin wallet is currently in maintenance mode, meaning users can still trade but aren’t able to use the deposit and withdraw features. Don’t panic! This temporary maintenance mode will be resolved very soon with a bit of help from the community. Many users are still using old versions of Nav Coin (version 4.0.4 and previous) which is causing Bittrex to experience some intermittent network issues. The solution? Update to the newest 4.0.6 wallet here.
https://navcoin.org/downloads
If you’re using a Nav Pi to stake, we understand that the updating process can be complicated and time consuming for you. To streamline this process we’ll be releasing a Nav Pi auto-updater tool in the next couple of days; be sure to keep an eye out for the weekly update with more information on our new and simple auto-update features. If you can’t wait and want to manually update your Nav Pi you can follow the tutorial by NavTechServers:
https://youtu.be/I4cf9trOYYk
Regardless if you’re a Nav Pi user or not, to make for a timely solution we strongly urge users to update to the latest Nav Coin wallet as soon as possible. You’ll not only allow Bittrex to mobilize the Nav Wallet but you’ll also be able to participate in the Nav Coin Community Fund vote and garner from the latest Nav Tech features. #winning!
We’d like to reassure you that we are working hard to onboard the community with the newest wallet version and that Bittrex will resume withdrawal and deposit functions once majority users are up to date. In the meantime, if you’re looking to deposit and withdraw Nav Coin you can use alternative exchange platforms such as Poloniex, Alcurex, Cryptopia or LiteBit.
https://navcoin.org/downloads
A public service announcement from the Nav Coin team; The Bittrex Nav Coin wallet is currently in maintenance mode, meaning users can still trade but aren’t able to use the deposit and withdraw features. Don’t panic! This temporary maintenance mode will be resolved very soon with a bit of help from the community. Many users are still using old versions of Nav Coin (version 4.0.4 and previous) which is causing Bittrex to experience some intermittent network issues. The solution? Update to the newest 4.0.6 wallet here.
https://navcoin.org/downloads
If you’re using a Nav Pi to stake, we understand that the updating process can be complicated and time consuming for you. To streamline this process we’ll be releasing a Nav Pi auto-updater tool in the next couple of days; be sure to keep an eye out for the weekly update with more information on our new and simple auto-update features. If you can’t wait and want to manually update your Nav Pi you can follow the tutorial by NavTechServers:
https://youtu.be/I4cf9trOYYk
Regardless if you’re a Nav Pi user or not, to make for a timely solution we strongly urge users to update to the latest Nav Coin wallet as soon as possible. You’ll not only allow Bittrex to mobilize the Nav Wallet but you’ll also be able to participate in the Nav Coin Community Fund vote and garner from the latest Nav Tech features. #winning!
We’d like to reassure you that we are working hard to onboard the community with the newest wallet version and that Bittrex will resume withdrawal and deposit functions once majority users are up to date. In the meantime, if you’re looking to deposit and withdraw Nav Coin you can use alternative exchange platforms such as Poloniex, Alcurex, Cryptopia or LiteBit.
https://navcoin.org/downloads
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