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.
Topic: [ANN] SMLY- smileycoin - for rewards in education - page 11. (Read 77312 times)
Who are the teams in this project ? is there any bounty in this project besides social media ?
You will find all links on the original post of this thread including POD.Not sure what you mean by bounty on social media.
Who are the teams in this project ? is there any bounty in this project besides social media ?
Is the roadmap updated? Check also the team members if they really exist. Join forums and telegram to know the sentiments of others regarding the project. And remember, never invest what you can't afford to loose.
You will find all links on the original post of this thread.
Is the roadmap updated? Check also the team members if they really exist. Join forums and telegram to know the sentiments of others regarding the project. And remember, never invest what you can't afford to loose.
This coin is quite interesting, I will wait for the next announcement, of course with more detailed information, about mining and swimming pool, does this coin hold a bounty or signature campaign? Looking forward to answer and thank you so much!
Finally, I've been meaning for a while to talk about the premine: To date the premine has been used (a) for rewarding students and (b) for a handful of development projects where we actually needed to provide payments (and couldn't do it as a part of other projects) -- as permitted in the statement of purpose at tutor-web.info. To properly show the allocation of the premine we need to link together a couple of disparate sources of information (data from cold storage, the tutor-web wallet, the tutor-web reward system) and we're almost there -- we're going to try to have this in place by next week (on an open website). So we'll finally have the transparency that this coin needs.
As promised: https://twitter.com/SmileycoinNews/status/991757282127024130
SMLY is being delisted from c-cex which forms the source of information for coinmarketcap.
CMC only accept a new market if the volume is at least $1000/day but none of the other SMLY markets achieve this.
Suggestions?
CMC only accept a new market if the volume is at least $1000/day but none of the other SMLY markets achieve this.
Suggestions?
No suggestion, maybe the team should be aware of this and can make a trade in order to get into a new exchange.
Forgot this...
Right now, SMLY are used to reward students who do well in the tutor-web online educational resource. Education in a Suitcase is a project which donates tablets to students and servers to schools -- the servers run tutor-web (and other things such as Wikipedia, Khan Academy etc etc), for use in classrooms that have no chance of an Internet connection (which includes most of Kenya).
Most of the material to date has been either donated or funded by various other projects.
EIAS gets a portion of the coinbase (4500 SMLY from every block currently mined).
The intent is to get students to provide more material such as math examples, both to increase sustainability and to have a fundamentally different "drilling" mechanisms, something more like an open-ended question as opposed to multiple-choice questions only. This will lead to material development being funded with SMLY, which has not been done before.
The premine is used and primarily intended for this (debatable as a premine may be). For the remote areas we've put some SMLY on a SMLY wallet on the servers, but since there is typically no Internet, the wallet can't sync to the blockchain (well, sporadically when the mobile 3G connection works). So this is not yet solved though we have some ideas. To date we've been to really rural areas but we hope to have a better mobile connection for the next location so we can finally test SMLY in a very low-income area. We'll see how that goes. Of course we think the basic idea of providing some minimal income to students in low-income regions is a really, really cool concept, but there are a few things to solve.
Finally, I've been meaning for a while to talk about the premine: To date the premine has been used (a) for rewarding students and (b) for a handful of development projects where we actually needed to provide payments (and couldn't do it as a part of other projects) -- as permitted in the statement of purpose at tutor-web.info. To properly show the allocation of the premine we need to link together a couple of disparate sources of information (data from cold storage, the tutor-web wallet, the tutor-web reward system) and we're almost there -- we're going to try to have this in place by next week (on an open website). So we'll finally have the transparency that this coin needs.
Regarding Education in a Suitcase, I would like to know how Smileycoin and Education in a Suitcase work together, my understanding is that it Smileycoin is the reward for the tutors that help educate the receivers of the tablets provided by Education in a Suitcase?
Right now, SMLY are used to reward students who do well in the tutor-web online educational resource. Education in a Suitcase is a project which donates tablets to students and servers to schools -- the servers run tutor-web (and other things such as Wikipedia, Khan Academy etc etc), for use in classrooms that have no chance of an Internet connection (which includes most of Kenya).
Most of the material to date has been either donated or funded by various other projects.
EIAS gets a portion of the coinbase (4500 SMLY from every block currently mined).
The intent is to get students to provide more material such as math examples, both to increase sustainability and to have a fundamentally different "drilling" mechanisms, something more like an open-ended question as opposed to multiple-choice questions only. This will lead to material development being funded with SMLY, which has not been done before.
The premine is used and primarily intended for this (debatable as a premine may be). For the remote areas we've put some SMLY on a SMLY wallet on the servers, but since there is typically no Internet, the wallet can't sync to the blockchain (well, sporadically when the mobile 3G connection works). So this is not yet solved though we have some ideas. To date we've been to really rural areas but we hope to have a better mobile connection for the next location so we can finally test SMLY in a very low-income area. We'll see how that goes. Of course we think the basic idea of providing some minimal income to students in low-income regions is a really, really cool concept, but there are a few things to solve.
Finally, I've been meaning for a while to talk about the premine: To date the premine has been used (a) for rewarding students and (b) for a handful of development projects where we actually needed to provide payments (and couldn't do it as a part of other projects) -- as permitted in the statement of purpose at tutor-web.info. To properly show the allocation of the premine we need to link together a couple of disparate sources of information (data from cold storage, the tutor-web wallet, the tutor-web reward system) and we're almost there -- we're going to try to have this in place by next week (on an open website). So we'll finally have the transparency that this coin needs.
SMLY is being delisted from c-cex which forms the source of information for coinmarketcap.
CMC only accept a new market if the volume is at least $1000/day but none of the other SMLY markets achieve this.
Suggestions?
CMC only accept a new market if the volume is at least $1000/day but none of the other SMLY markets achieve this.
Suggestions?
I don't see a problem with being delisted from c-cex. It isn't really a great place to exchange cryptocurrencies anyway. Better get another one.
Right. No need to worry about losing c-cex.
The upcoming problem is that we will not have a listing at coinmarketcap...
SMLY is being delisted from c-cex which forms the source of information for coinmarketcap.
CMC only accept a new market if the volume is at least $1000/day but none of the other SMLY markets achieve this.
Suggestions?
CMC only accept a new market if the volume is at least $1000/day but none of the other SMLY markets achieve this.
Suggestions?
I don't see a problem with being delisted from c-cex. It isn't really a great place to exchange cryptocurrencies anyway. Better get another one.
While I remember: In addition to the fora we have an email list where we send out very occasional news (about 1 per year) about the three projects, Education in a Suitcase, tutor-web and Smileycoin.
Send an email to [email protected] if you want to be added to the list.
Send an email to [email protected] if you want to be added to the list.
This project looks great! Can not wait until this project reaches a huge capitalization, otherwise you’ll be late, you’ve to invest now
SMLY is being delisted from c-cex which forms the source of information for coinmarketcap.
CMC only accept a new market if the volume is at least $1000/day but none of the other SMLY markets achieve this.
Suggestions?
CMC only accept a new market if the volume is at least $1000/day but none of the other SMLY markets achieve this.
Suggestions?
SMLY is being delisted from c-cex.
Make sure you remove your coins from the exchange in time.
Make sure you remove your coins from the exchange in time.
I see this project as a charity, and that's right, it pleases that there are people who think about others, but from the point of view of an investor who wants to multiply his savings, I do not see the potential of the project
Thankfully others do not agree :-)The Quote article is a case in point: http://www.quotenet.nl/Nieuws/Het-wonder-van-SmileyCoin-rijk-worden-met-donaties-209798
We received quite a lot of donations following this and people also rushed in to buy SMLY on the market.
The people referred to in the Quote magazine are investors who want to invest but not in a random project. They want to invest in a project which has a social purpose.
Hi, I am polycryptoblog, from Komodo Platform, I just came across your coin, I like the practical use case for this cryptocurrency, a way to reward students for performance is great.
I do not believe your coin has been added to BarterDEX, our decentralized exchange, I would like to see it there as it would give the students a way of exchanging their coins outside of centralized exchanges which has volume and capital requirements and higher fees.
Due to how BarterDEX works, you could set up marketmakers and have Smileycoin be a base pair against other cryptos and erc20 tokens.
I am also interested in your educationinasuitcase initiative as well, perhaps there is a way Komodo can contribute as well.
Sounds good. What does it take? I do not believe your coin has been added to BarterDEX, our decentralized exchange, I would like to see it there as it would give the students a way of exchanging their coins outside of centralized exchanges which has volume and capital requirements and higher fees.
Due to how BarterDEX works, you could set up marketmakers and have Smileycoin be a base pair against other cryptos and erc20 tokens.
I am also interested in your educationinasuitcase initiative as well, perhaps there is a way Komodo can contribute as well.
Best to get in touch with our DEX manager on the coin addition, I know that it requires CLTV and gettxout. If your coin hasn't added those already. Another thing while not essential is SPV servers ( it can be done with native clients as well but SPV is alot less headache and resource consumption for users ). I will PM you the email address.
Next step, would to become familiar with BarterDEX as it doesn't operate in a traditional manner that exchanges do as it is based off of UTXOs . Links below to help you out.
https://github.com/KomodoPlatform/BarterDEX/releases Download Github
https://www.youtube.com/watch?v=sA_1H6oAT_E BarterDEX Basics
https://www.youtube.com/watch?v=V1cbzQLUneA BarterDEX Liquidity Provider and Multiplier and Trading and Portfolio
Regarding Education in a Suitcase, I would like to know how Smileycoin and Education in a Suitcase work together, my understanding is that it Smileycoin is the reward for the tutors that help educate the receivers of the tablets provided by Education in a Suitcase?
I see this project as a charity, and that's right, it pleases that there are people who think about others, but from the point of view of an investor who wants to multiply his savings, I do not see the potential of the project
Hi, I am polycryptoblog, from Komodo Platform, I just came across your coin, I like the practical use case for this cryptocurrency, a way to reward students for performance is great.
I do not believe your coin has been added to BarterDEX, our decentralized exchange, I would like to see it there as it would give the students a way of exchanging their coins outside of centralized exchanges which has volume and capital requirements and higher fees.
Due to how BarterDEX works, you could set up marketmakers and have Smileycoin be a base pair against other cryptos and erc20 tokens.
I am also interested in your educationinasuitcase initiative as well, perhaps there is a way Komodo can contribute as well.
Sounds good. What does it take? I do not believe your coin has been added to BarterDEX, our decentralized exchange, I would like to see it there as it would give the students a way of exchanging their coins outside of centralized exchanges which has volume and capital requirements and higher fees.
Due to how BarterDEX works, you could set up marketmakers and have Smileycoin be a base pair against other cryptos and erc20 tokens.
I am also interested in your educationinasuitcase initiative as well, perhaps there is a way Komodo can contribute as well.
Hi, I am polycryptoblog, from Komodo Platform, I just came across your coin, I like the practical use case for this cryptocurrency, a way to reward students for performance is great.
I do not believe your coin has been added to BarterDEX, our decentralized exchange, I would like to see it there as it would give the students a way of exchanging their coins outside of centralized exchanges which has volume and capital requirements and higher fees.
Due to how BarterDEX works, you could set up marketmakers and have Smileycoin be a base pair against other cryptos and erc20 tokens.
I am also interested in your educationinasuitcase initiative as well, perhaps there is a way Komodo can contribute as well.
I do not believe your coin has been added to BarterDEX, our decentralized exchange, I would like to see it there as it would give the students a way of exchanging their coins outside of centralized exchanges which has volume and capital requirements and higher fees.
Due to how BarterDEX works, you could set up marketmakers and have Smileycoin be a base pair against other cryptos and erc20 tokens.
I am also interested in your educationinasuitcase initiative as well, perhaps there is a way Komodo can contribute as well.
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