Topic: [ANN] SMAC - Accounts have been suspended project closed - page 59. (Read 65866 times)
Nevermind, just read "Wallets: Will be released upon completion of crowdfund." on the first page
How do I download the wallet that I will need to stake the coins? I just put some btc in so I'm rooting for SMAC now :-D
Haha no problem. When they posted PST and the date I was so confused as well. Lucky I deal with a few hours difference between PST and my timezone, not a day which would be crazy to deal with I feel.
Hehe sorry its 9:40 in morning pst time...A bit confusing as its almost the 26th here
But correction... 14 hours to go
2.5 hour left 8btc to go ... it will be a close call
Quote from: BITTREX
• The crowdfund will run for approximately 7 days beginning Feb 18th, 2015 at 18:00:00 PST and ending on Feb 25th, 2015 at 23:59:59 PST.
https://bittrex.zendesk.com/hc/en-us/articles/204259220-Social-Media-Advertisement-Coin-SMAC-Crowdfund-CampaignHehe sorry its 9:40 in morning pst time...A bit confusing as its almost the 26th here
But correction... 14 hours to go
2.5 hour left 8btc to go ... it will be a close call
Quote from: BITTREX
• The crowdfund will run for approximately 7 days beginning Feb 18th, 2015 at 18:00:00 PST and ending on Feb 25th, 2015 at 23:59:59 PST.
https://bittrex.zendesk.com/hc/en-us/articles/204259220-Social-Media-Advertisement-Coin-SMAC-Crowdfund-CampaignHehe sorry its 9:40 in morning pst time...A bit confusing as its almost the 26th here
But correction... 14 hours to go
2.5 hour left 8btc to go ... it will be a close call
Trex post says we go to midnight PST so we have about 14 hours left. You have time so don't need to dive in right away and FOMO.Quote from: BITTREX
• The crowdfund will run for approximately 7 days beginning Feb 18th, 2015 at 18:00:00 PST and ending on Feb 25th, 2015 at 23:59:59 PST.
https://bittrex.zendesk.com/hc/en-us/articles/204259220-Social-Media-Advertisement-Coin-SMAC-Crowdfund-Campaign
2.5 hour left, 8btc to go ... it will be a close call
ok, thanks! 9/10btc to go to reach the minimum target, must be doable. I will help a little bit
Thank you!
ok, thanks! 9/10btc to go to reach the minimum target, must be doable. I will help a little bit
This is a daily compounded interest on all coins in existence each day so this would be the worst case for the explanation. When blocks mature each day, they have less weight but as the month goes on, their weight goes up so it will fluctuate each day how much interest is generated. This is a perfect network situation to provide the max coins generated.
thanks for the explanation, my calculations where way off. if i understnd correctly that is due to the 30 day block and maturing process?
I guess there is some questions on the interest. Using daily compounded interest and the structure outlined, you have the following example using assumed coin counts and the fact one wallet is staking them 24/7 on one address:
Total coin supply at PoS start: assume 500,000 coins + 5762 from PoW phase = 505,762 coins
Month 1: 365% Interest (< 30 block days)
Month 2: 100% Interest (31-60 block days)
Month 3: 25% Interest (61 - 90 block days)
From the daily interest, you see one wallet holding all the coins would grow from 505,762 -> 754,464.2436 over the course of the 3 month variable interest model.
Total coin supply at PoS start: assume 500,000 coins + 5762 from PoW phase = 505,762 coins
Month 1: 365% Interest (< 30 block days)
Month 2: 100% Interest (31-60 block days)
Month 3: 25% Interest (61 - 90 block days)
From the daily interest, you see one wallet holding all the coins would grow from 505,762 -> 754,464.2436 over the course of the 3 month variable interest model.
What time (GMT) is deadline for ICO? It would be professional to announce that information.
Ok, foind it in Bittrex linked page.
Feb 25th, 2015 at 23:59:59 PST
What time (GMT) is deadline for ICO? It would be professional to announce that information.
See low chances of achieving a profit on this coin the graphics are beautiful and just that. The price of ICO and very high which takes profit margin for sales.
Agree. If they remove the pos % or at least adjust them, it might be interesting. To me a more decent price would be around 1k/2k sat for ico looking at the total amount of coins included first 3 months of pos.
See low chances of achieving a profit on this coin the graphics are beautiful and just that. The price of ICO and very high which takes profit margin for sales.
ok so currently about 9btc of minimum 30btc is sold during ico. Will be a close call tomorrow as i think most investors buy in at the last day as usual...
assuming 30btc will be made, then total coins will be 272k which makes the 11k a nice price. Although with the pos there will be a lot of extra staked coins the first 3 months.... making the maximum more then 3million assuming everybody stake their coins.
When you look at that then 11k sat is way to high for an ico price.. and what if 60btc gets sold, then total will be more then 6million and so on...offcourse lots of people wont stake, but still...its something to keep in mind.
assuming 30btc will be made, then total coins will be 272k which makes the 11k a nice price. Although with the pos there will be a lot of extra staked coins the first 3 months.... making the maximum more then 3million assuming everybody stake their coins.
When you look at that then 11k sat is way to high for an ico price.. and what if 60btc gets sold, then total will be more then 6million and so on...offcourse lots of people wont stake, but still...its something to keep in mind.
so cutoff is tomorrow? what time GMT?
if it doesn't make it, will there be sell wall setup on bittrex for refunds?
if it doesn't make it, will there be sell wall setup on bittrex for refunds?
We are very sorry you feel that way, the SMAC team feels that the price is adequate for what we will be bringing to the table.
This coin will be worth 100k SAT minimum after devs deliver what they promise to deliver.
We are very sorry you feel that way, the SMAC team feels that the price is adequate for what we will be bringing to the table.
It’s too high 
and nobody want to buy.
and nobody want to buy. Jump to: