Topic: [ANN] [SFR] SaffronCoin | Latest Version - 1.4.2/2.6.2 | Mandatory Wallet Update - page 65. (Read 437833 times)
September 14, 2014, 08:23:33 PM
Dev, How much Saffron would be an optimal amount to be burnt to cSFR? What other future assets would it be used for?
September 14, 2014, 07:23:33 PM
Great work as always.
September 14, 2014, 04:20:29 PM
SFRDirect Update
Concentrated SFR (cSFR) is now connecting and downloading blocks from the saffroncoind daemon.
Next step is testing the burning process. We have decided on 1 SFR = 100 cSFR. Since we are not sure of how much SFR will be burnt, we need to have considerable amount of cSFR available to be used for future assets.
Concentrated SFR (cSFR) is now connecting and downloading blocks from the saffroncoind daemon.
Next step is testing the burning process. We have decided on 1 SFR = 100 cSFR. Since we are not sure of how much SFR will be burnt, we need to have considerable amount of cSFR available to be used for future assets.
September 14, 2014, 07:15:19 AM
Hi dev.Maybe you can learn from XCH and XCP.Burn SFR into some assets to increase the value
I don't think the burning was done strictly to increase short term trading prices for day traders who would just dump at the new all time high and walk away.
September 14, 2014, 03:54:10 AM
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September 14, 2014, 02:08:55 AM
Hi dev.Maybe you can learn from XCH and XCP.Burn SFR into some assets to increase the value
September 14, 2014, 01:57:46 AM
So it would be like.
1 SFR= 100 cSFR.
If an item cost 100 SFR I can pay 100 SFR or 10000 cSFR.
---------------------------------
And this 2 currency reside in the same wallet.
in my wallet: SiEErMED2iz7zbjaw4toJvYE1GobAeSgeu
confirmed: 1203934.234123 SFR
23412929.12312 cSFR
unconfirmed: 0.00 SFR
0.00 cSFR
Total: 1203934.234123 SFR
23412929.12312 cSFR
Is that how it looks?
Thanks,
1 SFR= 100 cSFR.
If an item cost 100 SFR I can pay 100 SFR or 10000 cSFR.
---------------------------------
And this 2 currency reside in the same wallet.
in my wallet: SiEErMED2iz7zbjaw4toJvYE1GobAeSgeu
confirmed: 1203934.234123 SFR
23412929.12312 cSFR
unconfirmed: 0.00 SFR
0.00 cSFR
Total: 1203934.234123 SFR
23412929.12312 cSFR
Is that how it looks?
Thanks,
That is how it works but cSFR will not be displayed in ur personal wallet. It will only work on the SFRDirect web wallet.
September 13, 2014, 04:07:18 PM
So it would be like.
1 SFR= 100 cSFR.
If an item cost 100 SFR I can pay 100 SFR or 10000 cSFR.
---------------------------------
And this 2 currency reside in the same wallet.
in my wallet: SiEErMED2iz7zbjaw4toJvYE1GobAeSgeu
confirmed: 1203934.234123 SFR
23412929.12312 cSFR
unconfirmed: 0.00 SFR
0.00 cSFR
Total: 1203934.234123 SFR
23412929.12312 cSFR
Is that how it looks?
Thanks,
1 SFR= 100 cSFR.
If an item cost 100 SFR I can pay 100 SFR or 10000 cSFR.
---------------------------------
And this 2 currency reside in the same wallet.
in my wallet: SiEErMED2iz7zbjaw4toJvYE1GobAeSgeu
confirmed: 1203934.234123 SFR
23412929.12312 cSFR
unconfirmed: 0.00 SFR
0.00 cSFR
Total: 1203934.234123 SFR
23412929.12312 cSFR
Is that how it looks?
Thanks,
September 13, 2014, 11:54:29 AM
So we will have 2 currency after this? 
cSFR will be a currency but not an independent currency. It needs to depend on another currency. Hence, in this case, it will depend on SFR. Both SFR and cSFR will have same format of addresses. You can send either currency to these addresses.
September 13, 2014, 11:52:14 AM
So we will have 2 currency after this?
September 13, 2014, 11:51:20 AM
Does conversion from SFR to cSFR mandatory after SFRDirect?
Or, what will happen to SFR if we did not convert it on time?
Or, what will happen to SFR if we did not convert it on time?
If less SFR is converted, less cSFR will be available. We need to have about 10-50M cSFR available since these can never ever be produced again. This amount would be fixed and would be in circulation.
September 13, 2014, 11:13:10 AM
Does conversion from SFR to cSFR mandatory after SFRDirect?
Or, what will happen to SFR if we did not convert it on time?
Or, what will happen to SFR if we did not convert it on time?
September 13, 2014, 10:47:35 AM
Yea, You have to buy more to get to 100k and some extra to burn to cSFR. Come on just one more dumper... lol
Before SFRDirect releases, we will keep a donation going on for a week. All that SFR donated will be burnt for cSFR. That cSFR can then be distributed to all the donators.
Burning is good in a way since it reduces supply even more since those coins can't be used.
September 13, 2014, 10:42:05 AM
Yea, You have to buy more to get to 100k and some extra to burn to cSFR. Come on just one more dumper... lol
September 13, 2014, 10:09:47 AM
Very good Feature ! Have to but some more SFR (57k 
)!
)! 
September 13, 2014, 09:55:35 AM
You only need to keep it in ur desktop wallet. To avail 0% fee benefit you need to trade within the elite room of the wallet. This trading section will only be visible to elite members. Before entering the Elite Room, the balance of your desktop wallet will be checked.
Simple and elegant!
yes simple, easy, no worries and you're in charge of you wallet. nothing can get better than that.
September 13, 2014, 07:42:15 AM
To be consider on the Elite club with more > 100k SFR.
Where will be the wallet stored, in Cryptoxindia exchange or in our personal computers?.
Was wondering how can we avail the 0% trade fee if the moneyed wallet is in our desktop since we do have another wallet at the exchange. And if we need to have the money at the exchange in order to avail the benefits of being in the Club, then all our money will be sitting there and it will be another target for something that has happened on the failed Exchange a while ago.
Just a thought.
Where will be the wallet stored, in Cryptoxindia exchange or in our personal computers?.
Was wondering how can we avail the 0% trade fee if the moneyed wallet is in our desktop since we do have another wallet at the exchange. And if we need to have the money at the exchange in order to avail the benefits of being in the Club, then all our money will be sitting there and it will be another target for something that has happened on the failed Exchange a while ago.
Just a thought.
You only need to keep it in ur desktop wallet. To avail 0% fee benefit you need to trade within the elite room of the wallet. This trading section will only be visible to elite members. Before entering the Elite Room, the balance of your desktop wallet will be checked.
That clears my worries. I'm almost there....
Thanks,
September 13, 2014, 07:08:27 AM
You only need to keep it in ur desktop wallet. To avail 0% fee benefit you need to trade within the elite room of the wallet. This trading section will only be visible to elite members. Before entering the Elite Room, the balance of your desktop wallet will be checked.
Simple and elegant!
September 13, 2014, 07:07:32 AM
To be consider on the Elite club with more > 100k SFR.
Where will be the wallet stored, in Cryptoxindia exchange or in our personal computers?.
Was wondering how can we avail the 0% trade fee if the moneyed wallet is in our desktop since we do have another wallet at the exchange. And if we need to have the money at the exchange in order to avail the benefits of being in the Club, then all our money will be sitting there and it will be another target for something that has happened on the failed Exchange a while ago.
Just a thought.
Where will be the wallet stored, in Cryptoxindia exchange or in our personal computers?.
Was wondering how can we avail the 0% trade fee if the moneyed wallet is in our desktop since we do have another wallet at the exchange. And if we need to have the money at the exchange in order to avail the benefits of being in the Club, then all our money will be sitting there and it will be another target for something that has happened on the failed Exchange a while ago.
Just a thought.
You only need to keep it in ur desktop wallet. To avail 0% fee benefit you need to trade within the elite room of the wallet. This trading section will only be visible to elite members. Before entering the Elite Room, the balance of your desktop wallet will be checked.
September 13, 2014, 06:58:55 AM
To be consider on the Elite club with more > 100k SFR.
Where will be the wallet stored, in Cryptoxindia exchange or in our personal computers?.
Was wondering how can we avail the 0% trade fee if the moneyed wallet is in our desktop since we do have another wallet at the exchange. And if we need to have the money at the exchange in order to avail the benefits of being in the Club, then all our money will be sitting there and it will be another target for something that has happened on the failed Exchange a while ago.
Just a thought.
Where will be the wallet stored, in Cryptoxindia exchange or in our personal computers?.
Was wondering how can we avail the 0% trade fee if the moneyed wallet is in our desktop since we do have another wallet at the exchange. And if we need to have the money at the exchange in order to avail the benefits of being in the Club, then all our money will be sitting there and it will be another target for something that has happened on the failed Exchange a while ago.
Just a thought.
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