[ANN] SMLY- smileycoin - for rewards in education - page 10.

gstefans

sr. member

Activity: 475

Merit: 256

Some of the tasks for the summer:

HTML5 wallet
Enable atomic swaps for SMLY

Both are pretty interesting. The HTML5 wallet is well under way.

We should also discuss the following idea regarding the SMLY premine: Rather than keep the premine hidden away in cold storage we could set up a formal board of trustees (for lack of a better term) with access to a multisig address where the premine is stored. So we would view the remainder of the premine as a fund to be used for a specific purpose. A majority signature would be required to send SMLY from the fund.

The fund would still have pretty much the same functions as the present premine, i.e. support the tutor-web with an option to occasionally fund R&D projects. We should use the opportunity to spell out exactly these functions, e.g. with a percentage split into each category. We should also spell out exactly the maximum amount spendable per year.

Comments?

Mike-Ria

newbie

Activity: 15

Merit: 0

Hello, fellows.
It's really interesting project! Brilliant website, vigilant logo.

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: Anivika on June 17, 2018, 10:44:24 AM

I will like to get some coin but I will like also to know the plans for this year. Maybe like roadmap so I can be more informed about the plans.

You will find all the links in the opening post of this thread.

makladun

full member

Activity: 406

Merit: 100

I like the idea and the name of the project. Education is one of the most developing industries in our global world, so for sure the token will be in demand, I would use it in the future.

Anivika

newbie

Activity: 150

Merit: 0

I will like to get some coin but I will like also to know the plans for this year. Maybe like roadmap so I can be more informed about the plans.

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: WolfTronCoin on June 15, 2018, 05:32:25 PM

pool?

??

Everyone is still just solo mining

Alecia-Con

newbie

Activity: 13

Merit: 0

Hi, all.
I rely that the idea will satisfy all that has been planned! Classy logo, credible activity.

WolfTronCoin

newbie

Activity: 452

Merit: 0

pool?

??

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: oaihuong466 on June 01, 2018, 05:05:37 AM

the folks at cryptopia are trying to figure out what the problem is. Huh

yeah, right: it's been more than a year Grin

oaihuong466

newbie

Activity: 11

Merit: 0

the folks at cryptopia are trying to figure out what the problem is. Huh

hoangly0450

newbie

Activity: 6

Merit: 0

Well, I really, really like the logo for this coin. Wink

TUNCHE1970

newbie

Activity: 1

Merit: 0

Quote from: gstefans on May 21, 2018, 08:28:05 PM

Quote from: WolfTronCoin on May 21, 2018, 06:16:40 PM

good shit of altcoin, never ade rise in life as they want it to ditch if neither pool exists fonix ....

If anyone understood that please explain to the rest of us.

Creo que quizo decir que esta es una burda moneda que nunca sube de precio y no sirve....

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: WolfTronCoin on May 21, 2018, 06:16:40 PM

good shit of altcoin, never ade rise in life as they want it to ditch if neither pool exists fonix ....

If anyone understood that please explain to the rest of us.

WolfTronCoin

newbie

Activity: 452

Merit: 0

good shit of altcoin, never ade rise in life as they want it to ditch if neither pool exists fonix ....

asdn192zhhhh

newbie

Activity: 84

Merit: 0

Well I really, really like the logo for this coin. Wink

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: SDP_Laf on May 14, 2018, 02:14:44 PM

It seems that since the de-listing from C-CEX no trading in Smileycoin is taking place what so ever.
The two other exchanges which are supported by Blockfolio, Novaexchange and Trade Satoshi both show no or very little SMLY volume for multiple days now.
Where does the coin move next? How do we get more trading volume?

Furthermore, now Smileycoin has been de-listed from C-CEX, it will probably also be de-listed from Coinmarketcap. I think that this may pose a potential treat for the popularity and therefore trading volume of SMLY, as this will drastically decrease its visibility. Does anyone has any suggestions on how to stay on CMC? Does the dev team take any actions concidering this situation? Are they going to apply for listings on larger exchanges?

Blockfolio is an exhange with SMLY?

SMLY is listed on tradesatoshi, southxchange and cryptohub.

Check out the telegram group: https://t.me/joinchat/Eo_H1hD-xrvrHXtRY7OrIw

The dev team can't really do much about volume except work generally on increasing awareness, interest and getting more investors. All of that is ongoing.

You can help us by simply trading a bit on the exchanges -- and not just putting coins for sale at 1 Satoshi... If there is only interest in dumping the coin then trades will move to DOGE, WAVE and LTC markets at lower prices as has happened in the past. It's not what anyone wants, but it's inevitable if there is a continued sell-off.

There is very little else that the dev group can do in the short term. See the telegram group for more info on what is going on.

SDP_Laf

newbie

Activity: 2

Merit: 0

It seems that since the de-listing from C-CEX no trading in Smileycoin is taking place what so ever.
The two other exchanges which are supported by Blockfolio, Novaexchange and Trade Satoshi both show no or very little SMLY volume for multiple days now.
Where does the coin move next? How do we get more trading volume?

Furthermore, now Smileycoin has been de-listed from C-CEX, it will probably also be de-listed from Coinmarketcap. I think that this may pose a potential treat for the popularity and therefore trading volume of SMLY, as this will drastically decrease its visibility. Does anyone has any suggestions on how to stay on CMC? Does the dev team take any actions concidering this situation? Are they going to apply for listings on larger exchanges?

dgmon

sr. member

Activity: 438

Merit: 250

Quote from: gstefans on May 08, 2018, 03:00:07 AM

Quote from: dgmon on May 07, 2018, 06:57:47 PM

Sounds like a decent idea, but please consider a fund to pay for development. Exchanges want there to always be a developer that they can speak to.

How about just having the rules include a clause where a specific percentage of the fund can be used for development?

This is already in the rules guiding the premine.

Of course we could also split this into two distinct funds, e.g. based on the split to date or some specified percentage. I'm not convinced we'd gain much though.

Ah OK, sounds like it's already sorted then Grin

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: dgmon on May 07, 2018, 06:57:47 PM

Quote from: gstefans on May 07, 2018, 09:21:49 AM

We need your feedback on an idea...

You all know that there is a fundamental problem with a coin having a large premine - as the SMLY does. The problem is one of trust: Why would anyone trust those who hold the key(s) to the premine? This kind of trust is a bit of a contradiction to the basic POW&blockchain methodology, which is inherently trustless.

An idea was put forward today, which may alleviate this:

We can transfer the entire premine into a formal fund with an oversight committee (council/board/whatever). This board will operate under a specific set of rules, similar to the rules laid out on smileyco.in but more specific and a bit more like legalese. The board will transfer funds to the tutor-web wallet or other targets, in accordance with the rules and will do this by using the multi-signature features in the wallet. So if the board has 5 members, it will require at least 3 signatures to release funds.

The premine as such will cease to exist. Instead there will be a SMLY educational fund governed by a board.

Sounds like a decent idea, but please consider a fund to pay for development. Exchanges want there to always be a developer that they can speak to.

How about just having the rules include a clause where a specific percentage of the fund can be used for development?

This is already in the rules guiding the premine.

Of course we could also split this into two distinct funds, e.g. based on the split to date or some specified percentage. I'm not convinced we'd gain much though.

dgmon

sr. member

Activity: 438

Merit: 250

Quote from: gstefans on May 07, 2018, 09:21:49 AM

We need your feedback on an idea...

You all know that there is a fundamental problem with a coin having a large premine - as the SMLY does. The problem is one of trust: Why would anyone trust those who hold the key(s) to the premine? This kind of trust is a bit of a contradiction to the basic POW&blockchain methodology, which is inherently trustless.

An idea was put forward today, which may alleviate this:

We can transfer the entire premine into a formal fund with an oversight committee (council/board/whatever). This board will operate under a specific set of rules, similar to the rules laid out on smileyco.in but more specific and a bit more like legalese. The board will transfer funds to the tutor-web wallet or other targets, in accordance with the rules and will do this by using the multi-signature features in the wallet. So if the board has 5 members, it will require at least 3 signatures to release funds.

The premine as such will cease to exist. Instead there will be a SMLY educational fund governed by a board.

Sounds like a decent idea, but please consider a fund to pay for development. Exchanges want there to always be a developer that they can speak to.

Topic: [ANN] SMLY- smileycoin - for rewards in education - page 10. (Read 77288 times)