Topic: [ANN] [POW] Salvium : Evolved CryptoNote with staking, yield and MiCA compliance (Read 1532 times)

Mining profit calculator
https://www.mymining.cc/cpu_hashrates

Looks like we're still in 2018 with monero forks
update yourself a little still old

Sal just fork xmr copypast + team from zeph & haven scammers
staking in pow is rug nothing + premined 12% or 22m coin lol
team sold part of premined coins to some kols
beware  same people were working on rugged projects
new github account +all team accounts on discord are new
everything is red flags

Claim 1: Salvium Was Developed by Zeph Devs

Some have claimed that Salvium was developed by the same team behind Zeph, but this is false. The actual developers of Salvium are Dweab and Neac, former Haven devs who are fully doxxed. You can check out their LinkedIn profiles here:

Neil Coggins: https://www.linkedin.com/in/neil-coggins-7972352/
David Bandtock: https://www.linkedin.com/in/david-bandtock-9647101/
The fact that these devs are doxxed adds credibility to the project, especially when compared to other coins like Zeph and Xelis, where the developers remain anonymous.

First claim: Debunked.

Claim 2: The 12% Premine Is a Rug

Some critics are calling the 12% premine a potential rug pull. However, this premine is clearly allocated: 3.5% for the dev team and contributors, and 8.48% for development and listings. This level of transparency is not only fair but necessary for a project of this scale.

Moreover, the premine is completely transparent and can be verified using a public view key. This is in stark contrast to other coins like Zeph, where a 500k premine exists without any means of verification.

Second claim: Debunked.

Claim 3: Salvium Is Just Another Fork

Some detractors argue that Salvium is merely another fork. However, Salvium goes beyond a simple fork by incorporating enhanced security features that surpass even Monero. The project was recently audited by CypherStack, confirming its advanced security protocols.

Salvium is a private DeFi platform that offers several key features:

Privacy-Focused: Contracts are designed to protect user privacy, staying true to Salvium’s core values.
Regulatory Compliance: Smart contracts are structured to follow regulations, ensuring that Salvium remains compliant.
DeFi Support: Salvium supports various DeFi applications, including exchanges, lending, and yield farming.
Private Token Issuance: Users can create and manage privacy-focused tokens within the Salvium ecosystem.
Interoperability: The system is designed to work seamlessly with Ethereum, potentially enabling cross-chain interactions.
In essence, ETH + Privacy + Compliance = Salvium.

Third claim: Debunked.
For those interested in learning more, I encourage you to check out the following resources:

Salvium Litepaper: https://salvium.io/papers/
Salvium Knowledge Base: https://salvium.io/salvium-knowledge-base/
As always, do your own research and don't let the naysayers sway you. Stay informed and stay safe!

all the above posters are salty jeets from 15%devfeeXELIS

if SAL is so shit then why has 15%devfee xelis decided to only now be "open to compliance?"

15%devfee xelis is dead coin, down 95% from ATH with a dead poomunity. let's review in six months

oh did I forget to mention their totally organic GPU miner that was mining on launch?
LMAO

Beware pow + pos + premine = rug (shitcoin)

Are xmr forks still alive in 2024?
25m sal premined lol
new shitcoin

Classic scam new fork & premined coins

is this fork a joke? 22m premined coin, noticed same team from worked on zeph are now working on sal
beware of this rug pull.

Rather check ZeroClassic. These current forks are just funny. There are every day dozens of new wannabe crypto projects that die in few days

ALERT SCAM

Get ready to reject this premine, shitcoin-fork is coming.

Interesting... and only with 12% pre-mine .... mine it & dump it .... shitcoin

Testing new profitable coin Salvium (SAL)! Act quickly and mine while profitability is high!
Mine Salvium (SAL) on Kryptex Pool — https://pool.kryptex.com/sal

Pool address: sal.kryptex.network:7777

- PROP / SOLO payout system, pool fee 1%
- Minimum payout threshold 0.1 coin, we cover the payout fee.


How to connect to the pool? — https://pool.kryptex.com/en/articles/how-to-mine-salvium-en
Where can I get a wallet for Salvium (SAL)? — https://pool.kryptex.com/en/articles/salvium-wallet-en


Advantages of Kryptex pool:
1. No registration and complete anonymity. Support for SSL mining.
2. Low fees. Payouts every hour. We pay the network fees for you.
3. We support dual-mining on the most profitable bundles!
4. Supporting ASICs and FPGAs for different coins and algorithms.
5. Supporting hashrate rentals. Fully compatible with MiningRigRentals and Nicehash.
6. Telegram-bot for monitoring your rigs. Monitor the state of your mining rigs and pool income 24/7.
7. In the workers' section of the pool, we showcase the miner versions being used. Rest assured, we always strive to maximize your income! Here's how we do it:
    - Whenever a new version of the miner is released, we'll promptly notify you;
    - If you happen to be using an outdated version, we'll provide a direct download link for the latest update.
8. We give you the opportunity to mine with auto-exchange in BTC without additional fees!
9. Professional support.

I will call this pos fork shitcoin

Just a Monero clone?

What pow coin, this is monero fork that is made for privacy, only pos in this is a rug going to 0.

Howdy, this is the real rugrum from Dandelion Networks. The other rugrum fudding this project has nothing to do with me. Thanks to those letting me know of an imposter. Take care all, Salvium to the moon.

Above three replies all saying same thing .
Obviously not a coordinated raid or anything. Some other shitcoin crowd scared I think haha .

I've been looking into this project and yes there is a premine. Nothing wrong with that as long as it's disclosed.
Looks like 6.5m went out at the start to "early contributors"
The rest (another 15.6m) will be given out over 24 month basis, so 650k a month. This is claimed to be used for grants.

The good thing is that you can stake and it seems team is not using their premine to stake/steal rewards which other projects have done before.

It is XMR fork (why wouldn't you fork the GOAT of privacy?), but they already have some features live like return_payment which lets you refund tx to whoever sent it to you. Quite nice
as anything early coin is high risk/reward, team seems to be former haven contributors and are doxxed. that's nice.

I think its worth to follow, layer2 on randomx? interesting. Above all DYOR and be cautious.

new github? mxr fork? same team that worked on shitcoin zeph? premine 12%   

beware of this shitcoin, team zeph behind it
same team same premine same fork xmr    

Modified based on previous versions of XMR

new shitcoin premine & fork 

It means you haven't heard of Beam which already has something like this, complies with MiCA regulations-this does not mean is compliant to anything.
Is something like Haven 2.0,but careful not to end up like Haven...Stop trying to hack my account it won't work

It's incredible how this coin remains undiscovered! It combines the benefits of Ethereum with enhanced privacy. It's more secure than Monero and complies with MiCA regulations, unlike other privacy coins that are being delisted everywhere

Added Salvium to our mining calculator.
If you know your RandomX hashrate, then you can input hashrate in this page: https://www.mymining.cc/cpu_calculator
If you don't know your hashrate, you can select your CPU in this page: https://www.mymining.cc/cpu_hashrates

Hello, fellow miners!


Features:
- email & telegram notifications of workers down
- stats and hashrate chart per worker
- PPLNS reward scheme for rounds shorter than hour, PROP scheme for longer rounds, PPLNS window is 60 minutes
- income history of last 24h, of each day of last 7 days, unmatured incomes
- integrated address, subaddress supported (direct mining to an exchange)
- adjustable payment threshold
- every port supports secure SSL/TLS connection as well as insecure one
- static diff supported, see static diff calculator
- multiple daemons, to prevent downtime in case of daemon stuck
- height checks, to prevent mining on forked chain
- profitability estimate based on 24h weighted average difficulty
- sample configs
- port: 30221

PPLNS fee: 0.9%

Location: Europe (more to come soon)

Ensure using Salvium fork of xmrig.

Welcome & Lucky Mining!

I completely agree with you. This is a shitty coin developer for one day

How will staking be in my wallet?

Have you ever seen a cryptonote (XMR) coin with defi, l2 capabilities and native smart contract support ?
Being regulatory friendly, and having staking feature and refundable tx ?
Yeah that's all salvium thats why im hyped about this project

I like the looks of this.

what are the mining instructions for this coin, do we have to wallet mine or use miner ?

Feels like 2018 all over again! Make Monero great again!

"Compliant Privacy: Designed with MiCA regulations in mind, Salvium offers refundable transactions and exchange modes, balancing privacy with regulatory requirements."

this does not mean is compliant to anything.

"Pre-mine fuels development, ensuring Salvium's long-term sustainability and innovation in privacy-focused, compliant DeFi
Build: 3.5% for early developers and contributors
Operations: 8.48% locked, released monthly over 24 months"

this means that devs got 24 months salary + 3.5% + premine

is this also compliant to something?

seems interesting.

Introducing Salvium - Brand New Privacy Blockchain

Salvium is a cutting-edge proof-of-work private blockchain that seamlessly combines staking, enhanced privacy and DeFi capabilities while navigating crypto regulations. Built on a fork of Monero, it retains Monero's advanced privacy features such as stealth addresses and ring signatures. However, Salvium introduces groundbreaking innovations that significantly alter transaction mechanics, creating a unique solution in the DeFi space.

History

Salvium originated as a research initiative to explore Cryptonote’s potential for private DeFi. Through extensive research, prototyping, and revisiting established Monero studies, our team focused on enhancing scalability, extensibility, and multi-chain interoperability. This rigorous process allowed us to adapt to regulatory changes, particularly under MiCA, positioning Salvium as an evolved version of Cryptonote and Monero.

Taking a 'privacy-first' approach, Salvium is designed to meet full MiCA compliance. At launch, we will introduce phase one compliance features, such as refundable payments and a specialized 'exchange mode' for supporting these refunds. Over the past year, we've also developed features like Conditional Payments (CP), native yield, and staking, with some available at launch and others planned for future updates.

Salvium now brings unique technological advancements, including Transactional Imbalances (TI) and Asynchronous Transactions (AT), establishing the first native Cryptonote staking and yield system. These innovations will drive future development and form the foundation of our ecosystem.

Key Innovations:

Compliant Privacy: Designed with MiCA regulations in mind, Salvium offers refundable transactions and exchange modes, balancing privacy with regulatory requirements.
Native Staking: Earn 20% of block rewards by staking SAL tokens - a first for CryptoNote-based chains.
DeFi Ready: Foundational support for smart contracts and private DeFi applications, with future middleware for easy porting of existing Ethereum DApps.
Transactional Imbalances (TI) & Asynchronous Transactions (AT): Unique technologies enabling advanced features like native yield generation.
Programmable Privacy: Empowering developers to build DApps with customizable privacy levels.
Why Salvium?

Privacy as a Right: Champion ethical usage while ensuring regulatory compliance
DeFi Evolution: Lay the groundwork for truly private decentralized finance
Selective Transparency: Users control their privacy level, crucial for exchange compliance
Future-Proof: Proactively designed with upcoming regulations in mind
Roadmap Highlights:

Phase 1 (Launch): Staking, yield generation, refundable transactions
Phase 2: Advanced compliance features, including view keys for transaction history verification
Phase 3: Full DeFi support with smart contracts and private token issuance
Security:

Pre-launch audit conducted by Cypher Stack, specialists in Monero security, focusing on Salvium's unique technologies.

Specifications

PoW Algorithm: RandomX
Max Supply: 184.4 million coins, with tail emissions of 3 SAL per block n
Block Time: 120 seconds
Difficulty Retargeting: Adjusted every block
Initial block reward: 123.825 SAL per block
Pre-mine​​​​​​​:
Pre-mine fuels development, ensuring Salvium's long-term sustainability and innovation in privacy-focused, compliant DeFi
Build: 3.5% for early developers and contributors
Operations: 8.48% locked, released monthly over 24 months
Balance: 87.99% reserved for miners and stakers


Downloads


https://salvium.io/downloads/


Links

Discord: Join the community : https://discord.gg/P3rrAjkyYs

GitHub: https://github.com/salvium/

Blockchain Explorer: https://explorer.salvium.io

For a complete guide and more detailed information, visit https://salvium.io/