[ANN] [OFFS] Altcoin Offset Credits - Recycling Altcoins, Reducing Emissions

BARR_Official

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Quote from: Luposian on February 23, 2017, 01:22:51 AM

It's been almost a year since the last comment. This page dead or just idle? Hellllloooooooo?!?

Mostly idle, but the main discussion is on the BARR topic. Since OFFS is tied to BARR, and not much is happening with BARR, not much is happening with OFFS.

Luposian

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It's been almost a year since the last comment. This page dead or just idle? Hellllloooooooo?!?

BARR_Official

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April burn has now ended.

BARR_Official

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The burn for April has begun. Remember, burn redemption ends at 23:59 UTC on April 28.

To burn BARR, send your BARR to the burn address (to be recycled back into the Burn Fund):
NXT-HD9P-ZTPP-EHFJ-59VUC

When your transaction is confirmed, we'll send your OFFS to your NXT address.

The rate is .5 OFFS per BARR.

BARR_Official

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The rate for April will be 0.5 OFFS per BARR (2 BARR per OFFS)

BARR_Official

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Merit: 500

March burn period is over. We burned 25,000 BARR and issued 15,000 OFFS.

Next burn is from April 14 to April 28.

BARR_Official

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Merit: 500

February burn is over, and we burned 50,000 BARR!

That brings our total to over 280,000 BARR burned in all,
with a rough estimated value of up to $15,000.

March burn begins on the 14th and ends on the 28th.

BARR_Official

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Only a few more hours before February burn exchange ends.

The next exchange period for OFFS will be from March 14 to March 28, and we are planning to set the rate at 0.6 OFFS per BARR.

BARR_Official

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Merit: 500

The February exchange period has begun, and will end on February 28.

The current exchange rate is 0.7 OFFS per BARR.

BARR_Official

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Merit: 500

Alright, 2 more days to exchange BARR for OFFS at the current rate.

The next exchange period will be from February 14 to February 28.

BARR_Official

hero member

Activity: 686

Merit: 500

Still going, looking good!

The next burn period will be from January 1 to January 30.

The exchange rate will be 1.25 BARR for 1 OFFS, or .8 OFFS per BARR

Keep recycling!

runpaint

sr. member

Activity: 518

Merit: 250

Quote from: BARR_Official on November 22, 2015, 09:52:37 AM

Alright, things are still moving ahead great with BARR, and we've set the exchange rate for OFFS during December at .9 OFFS per BARR. We are still exchanging 1 OFFS per BARR through November 30th, so you can get them cheaper now.

Which is why I decided to burn more of my BARR for OFFS, before the price goes up. That brings us to a total of about $6,500 worth of BARR that has been burned in exchange for OFFS.

BARR_Official

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Activity: 686

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Alright, things are still moving ahead great with BARR, and we've set the exchange rate for OFFS during December at .9 OFFS per BARR. We are still exchanging 1 OFFS per BARR through November 30th, so you can get them cheaper now.

runpaint

sr. member

Activity: 518

Merit: 250

I just burned another 100,000 BARR for OFFS. The exchange rate is 1 OFFS for 1 BARR until the end of November, but it looks like the next burn period will exchange .9 OFFS per BARR.

runpaint

sr. member

Activity: 518

Merit: 250

paolo, I see a transaction of 30 BARR sent to the NXT Genesis account. I'll send you 30 BARR from my personal account, but remember to check on the BARR topic for current exchange rates, and always message BARR_Official before you burn anything to prove that it's your transaction. Full details and instructions are in the BARR topic, and OFFS follows the same rules and burn periods as BARR.

Sending BARR back to the burnfund means that it's taken out of circulation, and we can re-use that BARR to exchange for future altcoins. That helps BARR, so we give OFFS in exchange when you send your BARR back to the burn fund. But sending BARR to the NXT genesis account permanently destroys it, and that doesn't help us as much. So we don't give OFFS for BARR that is sent to the genesis account and permanently burned.

With OFFS, typically you can hold your OFFS balance and use that as your number of Altcoin Offsets. They can be transferred, sold, or traded. The only time you would send OFFS to the genesis account for permanent burning would be to set a Permanent Offset Rating that can never be changed.

paolo77

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Quote from: BARR_Official on November 09, 2015, 06:54:09 AM

Quote from: paolo77 on November 09, 2015, 04:44:20 AM

for have OFF i I have to send to this address NXT-MRCC-2YLS-8M54-3CMAJ BARR

then I get the OFF on address ( NXT ) from I sent BARR!
I have to do?

No.

The burn address for BARR is NXT-HD9P-ZTPP-EHFJ-59VUC

For more details about burn exchanges, visit the BARR topic at https://bitcointalksearch.org/topic/ann-barr-the-only-cryptocurrency-where-no-ones-ever-lost-money-1219460

Oops, too late I sent to the genesi , I do not know what it is !!

zodiac3011

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Quote from: BARR_Official on November 09, 2015, 09:53:27 AM

Quote from: zodiac3011 on November 09, 2015, 07:42:28 AM

So you are saying that we burn BARR to get OFF? that will increase the OFF's price considerably I have to say

Burning BARR is the only way to earn OFFS. The exchange rate can vary with each burn period, and next month it will probably take more BARR to earn each OFFS.

Great to see dev with many good ideas Grin

I hope to see a roadmap of this coin

BARR_Official

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Activity: 686

Merit: 500

Quote from: zodiac3011 on November 09, 2015, 07:42:28 AM

So you are saying that we burn BARR to get OFF? that will increase the OFF's price considerably I have to say

Burning BARR is the only way to earn OFFS. The exchange rate can vary with each burn period, and next month it will probably take more BARR to earn each OFFS.

zodiac3011

hero member

Activity: 770

Merit: 500

So you are saying that we burn BARR to get OFF? that will increase the OFF's price considerably I have to say

BARR_Official

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Activity: 686

Merit: 500

Quote from: paolo77 on November 09, 2015, 04:44:20 AM

for have OFF i I have to send to this address NXT-MRCC-2YLS-8M54-3CMAJ BARR

then I get the OFF on address ( NXT ) from I sent BARR!
I have to do?

No.

The burn address for BARR is NXT-HD9P-ZTPP-EHFJ-59VUC

For more details about burn exchanges, visit the BARR topic at https://bitcointalksearch.org/topic/ann-barr-the-only-cryptocurrency-where-no-ones-ever-lost-money-1219460

Topic: [ANN] [OFFS] Altcoin Offset Credits - Recycling Altcoins, Reducing Emissions (Read 4023 times)