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Topic: [ANN] Silk Network: DarkSilk(DSLK) ICO - page 4. (Read 12495 times)

sr. member
Activity: 350
Merit: 250
October 04, 2016, 12:33:24 PM
i think i've deleted my post by mistake lol... any way, it was :

Quote
might be too soon to ask that, but do you already have the minimum requirements(computer requirements) to run a node?
edit: and it was already answered. that was fast  Shocked
hero member
Activity: 490
Merit: 500
CTO - Silk Network
October 04, 2016, 12:21:31 PM
might be too soon to ask that, but do you already have the minimum requirements(computer requirements) to run a node?

Too soon as we are improving upon performance Wink
full member
Activity: 210
Merit: 100
October 04, 2016, 12:18:52 PM
The collateral of the Stormnode is fixed at 1000DSLK.

If you add additional coins to the address 0 of the wallet, then the balance would not match the required collateral amount and your Stormnode would not start, let alone return an ROI.

Short answer, no.

If you had 10k DSLK, then make 10 Stormnodes.

perfect! now i get it Cheesy thank you @SLievensDRKSLK
hero member
Activity: 490
Merit: 500
CTO - Silk Network
October 04, 2016, 11:14:12 AM
About running Stormnodes, because of changes made to the codebase, ports are not locked on Stormnodes. This means multiple Stormnodes can be ran on one IP address, thus reducing hosting costs. You are only limited by the amount of threads you can run on your CPU and how much RAM your computer has.
nice!
i didnt understood one thing, running a node will bring a 37.7% ROI right? but should i run multiple nodes or just one node with more than 1k dslk? this 37.7% only apply to 1k?

The ROI percentage will be at 37.7% at 500 Stormnodes. The higher the amount of nodes on the network the greater the decrease on ROI. At 1,600 nodes there would still be a ROI of about 11%. Each node will need 1,000 DSLK collateral. So if you want to run multiple nodes on your DarkSilk wallet you will need to multiply by 1,000 DSLK.
i think you misundertood me.. to be more clear, if i have more than 1000dslk, should i run multiple nodes or just one with more than 1000? if i have 10k dslk in my node at 500 stormnodes, will i receive 37.7% of 1k silk (assuming a "fixed" payment per node) or i'll receive the full value (37.7% of 10k)?

The collateral of the Stormnode is fixed at 1000DSLK.

If you add additional coins to the address 0 of the wallet, then the balance would not match the required collateral amount and your Stormnode would not start, let alone return an ROI.

Short answer, no.

If you had 10k DSLK, then make 10 Stormnodes.
full member
Activity: 210
Merit: 100
October 04, 2016, 10:26:28 AM
About running Stormnodes, because of changes made to the codebase, ports are not locked on Stormnodes. This means multiple Stormnodes can be ran on one IP address, thus reducing hosting costs. You are only limited by the amount of threads you can run on your CPU and how much RAM your computer has.
nice!
i didnt understood one thing, running a node will bring a 37.7% ROI right? but should i run multiple nodes or just one node with more than 1k dslk? this 37.7% only apply to 1k?

The ROI percentage will be at 37.7% at 500 Stormnodes. The higher the amount of nodes on the network the greater the decrease on ROI. At 1,600 nodes there would still be a ROI of about 11%. Each node will need 1,000 DSLK collateral. So if you want to run multiple nodes on your DarkSilk wallet you will need to multiply by 1,000 DSLK.
i think you misundertood me.. to be more clear, if i have more than 1000dslk, should i run multiple nodes or just one with more than 1000? if i have 10k dslk in my node at 500 stormnodes, will i receive 37.7% of 1k silk (assuming a "fixed" payment per node) or i'll receive the full value (37.7% of 10k)?
newbie
Activity: 37
Merit: 0
October 04, 2016, 09:46:16 AM
Cool Cool Cool 8)I was involved in 5 BTC, waiting to go to the moon. Kiss Kiss Kiss Kiss
sr. member
Activity: 441
Merit: 251
October 04, 2016, 09:44:51 AM
About running Stormnodes, because of changes made to the codebase, ports are not locked on Stormnodes. This means multiple Stormnodes can be ran on one IP address, thus reducing hosting costs. You are only limited by the amount of threads you can run on your CPU and how much RAM your computer has.
nice!
i didnt understood one thing, running a node will bring a 37.7% ROI right? but should i run multiple nodes or just one node with more than 1k dslk? this 37.7% only apply to 1k?

The ROI percentage will be at 37.7% at 500 Stormnodes. The higher the amount of nodes on the network the greater the decrease on ROI. At 1,600 nodes there would still be a ROI of about 11%. Each node will need 1,000 DSLK collateral. So if you want to run multiple nodes on your DarkSilk wallet you will need to multiply by 1,000 DSLK.
newbie
Activity: 13
Merit: 0
October 04, 2016, 09:29:21 AM
JOINED TEL.
Support you
full member
Activity: 210
Merit: 100
October 04, 2016, 09:24:03 AM
About running Stormnodes, because of changes made to the codebase, ports are not locked on Stormnodes. This means multiple Stormnodes can be ran on one IP address, thus reducing hosting costs. You are only limited by the amount of threads you can run on your CPU and how much RAM your computer has.
nice!
i didnt understood one thing, running a node will bring a 37.7% ROI right? but should i run multiple nodes or just one node with more than 1k dslk? this 37.7% only apply to 1k?
full member
Activity: 154
Merit: 100
October 04, 2016, 08:52:22 AM
Hi, I am going to watch this project and buy some coins. Good luck with development..
sr. member
Activity: 252
Merit: 250
October 04, 2016, 08:24:24 AM
Hello Silk Network Team,

I mentioned Silk network ICO on Poloniex to fellow investors. I will mention to possible investors. Do I get extra DSLK? Also, my deposits are showing in weaver wallet, do need to withdraw BTC to ICO address? Do I have to withdraw manually for the ICO or is it done automaticly?
Thank you
A good currency, neglected has practical significance, can be true anonymity Smiley
More and more information about the team. Have a good understanding of the project. Can participate in the ICO Smiley
So many newbies here. It is always bad sign for ico lovers. I will not participate at ICO.

These aren't newbies, these are Chinese users that have probably discovered this project for the first time.

We're confused why you would post to say your not investing though, surely walking away and not investing, is enough to say your not investing.

Anyway, see you on the 5th of November Cheesy
Ok dev, I'll be looking closer your project. I've had bad experiences with other ICO's, so maybe I made wrong decision about DSLK. Btw, good luck to your project!
hero member
Activity: 490
Merit: 500
CTO - Silk Network
October 04, 2016, 07:28:32 AM
#99
Hello Silk Network Team,

I mentioned Silk network ICO on Poloniex to fellow investors. I will mention to possible investors. Do I get extra DSLK? Also, my deposits are showing in weaver wallet, do need to withdraw BTC to ICO address? Do I have to withdraw manually for the ICO or is it done automaticly?
Thank you
A good currency, neglected has practical significance, can be true anonymity Smiley
More and more information about the team. Have a good understanding of the project. Can participate in the ICO Smiley
So many newbies here. It is always bad sign for ico lovers. I will not participate at ICO.

These aren't newbies, these are Chinese users that have probably discovered this project for the first time.

We're confused why you would post to say your not investing though, surely walking away and not investing, is enough to say your not investing.

Anyway, see you on the 5th of November Cheesy
sr. member
Activity: 252
Merit: 250
October 04, 2016, 07:07:17 AM
#98
Hello Silk Network Team,

I mentioned Silk network ICO on Poloniex to fellow investors. I will mention to possible investors. Do I get extra DSLK? Also, my deposits are showing in weaver wallet, do need to withdraw BTC to ICO address? Do I have to withdraw manually for the ICO or is it done automaticly?
Thank you
A good currency, neglected has practical significance, can be true anonymity Smiley
More and more information about the team. Have a good understanding of the project. Can participate in the ICO Smiley
So many newbies here. It is always bad sign for ico lovers. I will not participate at ICO.
full member
Activity: 238
Merit: 100
Tripartite of Silk, DarkSilk and Weaver
October 04, 2016, 06:47:06 AM
#97






---DarkSilk(DSLK) ICO---

Time Period: 10PM EST Friday 23rd September - 10PM EST Sunday 23rd October

DARKSILK(DSLK) LAUNCHES ON THE 5TH OF NOVEMBER 2016

To fund further development and innovation by the Silk Network team, there will be a four week long crowdfunding campaign held on Weaver.

Out of a total 4,000,000 DarkSilk(DSLK) initial fund, there will potentially be 1,528,000 available for sale and the price will not be set (fixed).

Instead, the week with the most demand sets the price (volatility sets price) for the whole of the ICO:

MAX(PRICEWEEK(N) ([AMOUNT] BTC x 4 / 1,528,000 DSLK))

After 4 weeks, price is established and for the amount of BTC that has been raised by an investor, DSLK will be issued through Weaver. There will be a minimum and maximum allowable price:

MIN PRICE: 0.25 USD (Capped)
MAX PRICE: 2.50 USD (Capped)

We set these upper and lower limits to protect both the project against low demand
and investors against high demand to take the following two extreme scenarios into consideration.

Insufficient Demand
Price is set at USD 0.25 and a lot of DSLK will remain as collateral in Weaver.
This protects the project in case market value is negatively disproportionate to our estimated value.

Excess Demand
Price is set at USD 2.50 and DSLK will be sold out in Week(n), for this to happen USD 3,533,500 needs to be raised.



We want to reward early contributors, so there will be four tiers of bonuses; one for each week:

Tier 1: contributors during week one will receive a bonus of 15% more DarkSilk.
Tier 2: contributors during week two will receive a bonus of 10% more DarkSilk.
Tier 3: contributors during week three will receive a bonus of 5% more DarkSilk.
Tier 4: contributors during the last week will not receive a bonus.



How to take part:
1. Signup or Login on Weaver
2. Navigate to Main Menu->Wallet->Addresses
3. Deposit BTC to the "Bitcoin (ICO)" address

Your overview page will then update to show the Bitcoin transaction
and the balance within your Bitcoin(ICO) wallet will also reflect your deposit.

Once per hour the Bitcoin from Weaver is transferred to the 4/6 MultiSig CoPay BTC Wallet
4/6 MultiSig Address: 3P5sqo9JmUPL3Xsf3Zbb9wUi9EyCRnYPcV

ANNOUNCEMENT

Starting the 2nd week of the DarkSilk(DSLK) ICO we will be accepting Silk(SLK) payments at a 25:1 conversion rate.
Having monitored the reception of the DarkSilk(DSLK) ICO and the opening of the Silk(SLK) market on Bittrex we came to the following conclusions:

• The sell pressure in Silk(SLK) has been significant at a $0.01 rate.
• DarkSilk (DSLK) demand reaffirms a $0.25 price point.

To reduce excess Silk(SLK) liquidity on the market and to stabilise its price we will allow for Silk(SLK) payments to be made for the DarkSilk(DSLK) ICO. Greater DarkSilk(DSLK) distribution at a fair price is a welcome benefit. Silk(SLK) payments will not be eligible for bonus receivables.

The process for SLK payments will be the same as for BTC payments.

COMMUNITY INVOLVEMENT

We Want You!
Join us on slack, get involved!



Consumer privacy is an increasingly important subject in the world today. DarkSilk(DSLK) offers its user-base the ability to send digital cash anonymously and instantly. With in-wallet features such as Sandstorm and Stealth Addresses, mixing coins and secure anonymity has never been easier.

The importance of a stable economy is known to us all. The value of DarkSilk will be kept in check using a stabilisation method via Weaver. DarkSilk is balanced by an advanced algorithm that transfers high price impact and price fluctuations to Silk. This method dampens price oscillations by managing DarkSilk supply and using Silk(SLK) as a security asset.

DarkSilk utilises Stormnodes as the 2nd tier of security for the network. Stormnodes pay 0.382DSLK per reward allowing for significant ROI to be achieved. For example, a Stormnode count of 500 nodes would result in a 37.7% ROI. Stormnodes also allow users to propose and vote on budgets. Each month a budgeting block gets distributed to the highest voted proposals. The size of the budgeting block is 10,000DSLK which is a welcoming amount to those projects in need of funding.

If you have any questions, please do not hesitate to ask.









Silk Network White Paper
sr. member
Activity: 441
Merit: 251
October 04, 2016, 05:32:36 AM
#96
More and more information about the team. Have a good understanding of the project. Can participate in the ICO Smiley

Welcome  Wink
newbie
Activity: 9
Merit: 0
October 04, 2016, 03:16:08 AM
#95
More and more information about the team. Have a good understanding of the project. Can participate in the ICO Smiley
hero member
Activity: 490
Merit: 500
CTO - Silk Network
October 03, 2016, 10:05:36 PM
#94
Telegram User?

If not, you should be, download Telegram here - https://telegram.org/

Come & Join Us - https://telegram.me/SilkNetwork

Get the Silk Network Sticker Pack for Telegram - https://telegram.me/addstickers/SNetwork
sr. member
Activity: 441
Merit: 251
October 03, 2016, 02:27:15 PM
#93
About running Stormnodes, because of changes made to the codebase, ports are not locked on Stormnodes. This means multiple Stormnodes can be ran on one IP address, thus reducing hosting costs. You are only limited by the amount of threads you can run on your CPU and how much RAM your computer has.
full member
Activity: 238
Merit: 100
Tripartite of Silk, DarkSilk and Weaver
October 03, 2016, 01:51:57 PM
#92
Use Telegram?

Want Stickers?

Silk Network Telegram Sticker Pack
full member
Activity: 238
Merit: 100
Tripartite of Silk, DarkSilk and Weaver
October 03, 2016, 01:44:48 PM
#91
Who is escrow?

Bitcoin and Silk investments into the ICO are deposited to your account on Weaver.

Once per hour the Bitcoin from Weaver is transferred to the 4/6 MultiSig CoPay BTC Wallet: 3P5sqo9JmUPL3Xsf3Zbb9wUi9EyCRnYPcV

No transaction can be sent from the Bitcoin ICO wallet without 4 out of 6 people signing it.

Once the funds are moved from Weaver to the MultiSig wallet your account is updated manually with the TXID and balance of what you have deposited/invested into the ICO.

Details on how payments are handled are in the OP of this thread and the Main thread.
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