[ANN] SMLY- smileycoin - for rewards in education - page 15.

gstefans

sr. member

Activity: 475

Merit: 256

As you will know, only c-cex is really open for trading at the moment and unfortunately c-cex does not allow withdrawals. They claim they will reopen for full business on Jan 20th. As usual, please be careful with your funds: It is NOT normal that they have not allowed withdrawals for a month.

You should follow the Twitter account @smileycoinnews where several announcements have been made on this topic and where to get SMLY.

If you really want to get SMLY into your own wallet right now, the easiest way to do this is to donate to Education in a Suitcase. They will give you some SMLY as perks.

Their donation page is http://bit.ly/EIASdonate

If you want to try this out, make sure that

You only use small amounts when you donate
You have installed a wallet and have access to a deposit address
You realise that you are on your own: This is a perk for a donation to a non-profit; it is not an ordinary sale
You really do realise that you are on your own: Officially, you are giving a donation!

There is no official price, as these are donation perks. That said, they do give you an amount proportional to your donation. They occasionally change the amount when the price changes a lot, as they e.g. don't want to cause dumps.

With all these caveats, feel free to try this out.

If you are feeling really adventurous, you may want to test the ATM at http://bit.ly/SMLYatm but be warned that this is more involved

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: Sylw83 on January 08, 2018, 08:56:43 AM

Quote from: gstefans on January 08, 2018, 07:43:44 AM

Quote from: Sylw83 on January 08, 2018, 07:41:49 AM

I have SMLY from long long time on nove exch. Now I trying to instal wallet.
But I need minimum 25M coins to join the game?

The 25 M is just to get paid dividends. You can buy/hold/sell any amount you like.

So I need 25 M coins in my open 24/h wallet to recived devidends ? What kind of divident ? how much?

so stupid will be keeping only 2M in wallet without staking rewards ?

The wallet does not need to be open (that's not how the blockchains work).

If an address has 25 M SMLY it will be paid 4500 SMLY dividends once it is the oldest untouched address. At the moment this happens about 3 times per day.

For detail look at this link: https://steemit.com/smileycoin/@gstefans/making-coins-from-coins-with-no-effort

Sylw83

full member

Activity: 322

Merit: 100

Quote from: gstefans on January 08, 2018, 07:43:44 AM

Quote from: Sylw83 on January 08, 2018, 07:41:49 AM

I have SMLY from long long time on nove exch. Now I trying to instal wallet.
But I need minimum 25M coins to join the game?

The 25 M is just to get paid dividends. You can buy/hold/sell any amount you like.

So I need 25 M coins in my open 24/h wallet to recived devidends ? What kind of divident ? how much?

so stupid will be keeping only 2M in wallet without staking rewards ?

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: Sylw83 on January 08, 2018, 07:41:49 AM

I have SMLY from long long time on nove exch. Now I trying to instal wallet.
But I need minimum 25M coins to join the game?

The 25 M is just to get paid dividends. You can buy/hold/sell any amount you like.

Sylw83

full member

Activity: 322

Merit: 100

I have SMLY from long long time on nove exch. Now I trying to instal wallet.
But I need minimum 25M coins to join the game?

DisasterFaster

sr. member

Activity: 770

Merit: 264

Quote from: gstefans on January 07, 2018, 02:31:51 PM

Quote from: DisasterFaster on January 07, 2018, 11:26:36 AM

Quote from: gstefans on January 07, 2018, 08:39:49 AM

Quote from: DisasterFaster on January 07, 2018, 07:21:56 AM

Quote from: gstefans on January 07, 2018, 06:49:22 AM

Quote from: DisasterFaster on January 07, 2018, 06:03:03 AM

Sorry if I missed the info somewhere but I wasn't able to determine the staking reward?

Is it a fixed % or does it vary?
Is it by the block or is it wallet weight vs. network weight?

Thanks

It's probably not what you'd normally call staking.

The coinbase is split 3 ways, one of these is dividends, 4500 SMLY per block.

If you have a wallet with an address which contains at least 25 M SMLY, then that address will get dividends once it becomes the oldest (untouched) such address.

There are about 150 such addresses right now. If they do not get otherwise modified, they just take turns getting the 4500.

The entire dividends for a block go to one address, changing its status from the oldest to the newest.

Interesting and thanks for the answer. This brings me then to yet another quick question. Do you have any idea how long it takes to cycle through those 150 addresses that get a 4500 SMLY dividend? I'm just trying to get some rough idea of how often the payout might occur...

Yes. There should be 480 blocks per day. So just over 3 dividend payments per day.

Wonderful so I can relate to that and some simple math tells me an address with 25 million might see a payout every 50 days or so. I love this coin and have very thoroughly checked it through and through. I got the wallet all synchronized now and will be heading to the exchange to buy a good chunk of it. If there is anything specific you need me to do to help out with the coin please let me know. Thanks for your input on these questions!

An address which has 25 million should get 4500 SMLY about 3 times per day.

Each block gives 4500 to one address on the rich list. There are 480 blocks per day (on average) and about 150 addresses, so each gets a payment about 3 times per day.

Note that this is not a function of the amount at the address other than it being at least 25 million. So it's not a traditional interest rate. If you own 50 million then you'll want to spread it onto 2 addresses, each with 25.

Oh wow much better than I thought thanks for the clarification!

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: DisasterFaster on January 07, 2018, 11:26:36 AM

Quote from: gstefans on January 07, 2018, 08:39:49 AM

Quote from: DisasterFaster on January 07, 2018, 07:21:56 AM

Quote from: gstefans on January 07, 2018, 06:49:22 AM

Quote from: DisasterFaster on January 07, 2018, 06:03:03 AM

Sorry if I missed the info somewhere but I wasn't able to determine the staking reward?

Is it a fixed % or does it vary?
Is it by the block or is it wallet weight vs. network weight?

Thanks

It's probably not what you'd normally call staking.

The coinbase is split 3 ways, one of these is dividends, 4500 SMLY per block.

If you have a wallet with an address which contains at least 25 M SMLY, then that address will get dividends once it becomes the oldest (untouched) such address.

There are about 150 such addresses right now. If they do not get otherwise modified, they just take turns getting the 4500.

The entire dividends for a block go to one address, changing its status from the oldest to the newest.

Interesting and thanks for the answer. This brings me then to yet another quick question. Do you have any idea how long it takes to cycle through those 150 addresses that get a 4500 SMLY dividend? I'm just trying to get some rough idea of how often the payout might occur...

Yes. There should be 480 blocks per day. So just over 3 dividend payments per day.

Wonderful so I can relate to that and some simple math tells me an address with 25 million might see a payout every 50 days or so. I love this coin and have very thoroughly checked it through and through. I got the wallet all synchronized now and will be heading to the exchange to buy a good chunk of it. If there is anything specific you need me to do to help out with the coin please let me know. Thanks for your input on these questions!

An address which has 25 million should get 4500 SMLY about 3 times per day.

Each block gives 4500 to one address on the rich list. There are 480 blocks per day (on average) and about 150 addresses, so each gets a payment about 3 times per day.

Note that this is not a function of the amount at the address other than it being at least 25 million. So it's not a traditional interest rate. If you own 50 million then you'll want to spread it onto 2 addresses, each with 25.

DisasterFaster

sr. member

Activity: 770

Merit: 264

Quote from: gstefans on January 07, 2018, 08:39:49 AM

Quote from: DisasterFaster on January 07, 2018, 07:21:56 AM

Quote from: gstefans on January 07, 2018, 06:49:22 AM

Quote from: DisasterFaster on January 07, 2018, 06:03:03 AM

Sorry if I missed the info somewhere but I wasn't able to determine the staking reward?

Is it a fixed % or does it vary?
Is it by the block or is it wallet weight vs. network weight?

Thanks

It's probably not what you'd normally call staking.

The coinbase is split 3 ways, one of these is dividends, 4500 SMLY per block.

If you have a wallet with an address which contains at least 25 M SMLY, then that address will get dividends once it becomes the oldest (untouched) such address.

There are about 150 such addresses right now. If they do not get otherwise modified, they just take turns getting the 4500.

The entire dividends for a block go to one address, changing its status from the oldest to the newest.

Interesting and thanks for the answer. This brings me then to yet another quick question. Do you have any idea how long it takes to cycle through those 150 addresses that get a 4500 SMLY dividend? I'm just trying to get some rough idea of how often the payout might occur...

Yes. There should be 480 blocks per day. So just over 3 dividend payments per day.

Wonderful so I can relate to that and some simple math tells me an address with 25 million might see a payout every 50 days or so. I love this coin and have very thoroughly checked it through and through. I got the wallet all synchronized now and will be heading to the exchange to buy a good chunk of it. If there is anything specific you need me to do to help out with the coin please let me know. Thanks for your input on these questions!

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: DisasterFaster on January 07, 2018, 07:21:56 AM

Quote from: gstefans on January 07, 2018, 06:49:22 AM

Quote from: DisasterFaster on January 07, 2018, 06:03:03 AM

Sorry if I missed the info somewhere but I wasn't able to determine the staking reward?

Is it a fixed % or does it vary?
Is it by the block or is it wallet weight vs. network weight?

Thanks

It's probably not what you'd normally call staking.

The coinbase is split 3 ways, one of these is dividends, 4500 SMLY per block.

If you have a wallet with an address which contains at least 25 M SMLY, then that address will get dividends once it becomes the oldest (untouched) such address.

There are about 150 such addresses right now. If they do not get otherwise modified, they just take turns getting the 4500.

The entire dividends for a block go to one address, changing its status from the oldest to the newest.

Interesting and thanks for the answer. This brings me then to yet another quick question. Do you have any idea how long it takes to cycle through those 150 addresses that get a 4500 SMLY dividend? I'm just trying to get some rough idea of how often the payout might occur...

Yes. There should be 480 blocks per day. So just over 3 dividend payments per day.

DisasterFaster

sr. member

Activity: 770

Merit: 264

Quote from: gstefans on January 07, 2018, 06:49:22 AM

Quote from: DisasterFaster on January 07, 2018, 06:03:03 AM

Sorry if I missed the info somewhere but I wasn't able to determine the staking reward?

Is it a fixed % or does it vary?
Is it by the block or is it wallet weight vs. network weight?

Thanks

It's probably not what you'd normally call staking.

The coinbase is split 3 ways, one of these is dividends, 4500 SMLY per block.

If you have a wallet with an address which contains at least 25 M SMLY, then that address will get dividends once it becomes the oldest (untouched) such address.

There are about 150 such addresses right now. If they do not get otherwise modified, they just take turns getting the 4500.

The entire dividends for a block go to one address, changing its status from the oldest to the newest.

Interesting and thanks for the answer. This brings me then to yet another quick question. Do you have any idea how long it takes to cycle through those 150 addresses that get a 4500 SMLY dividend? I'm just trying to get some rough idea of how often the payout might occur...

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: DisasterFaster on January 07, 2018, 06:03:03 AM

Sorry if I missed the info somewhere but I wasn't able to determine the staking reward?

Is it a fixed % or does it vary?
Is it by the block or is it wallet weight vs. network weight?

Thanks

It's probably not what you'd normally call staking.

The coinbase is split 3 ways, one of these is dividends, 4500 SMLY per block.

If you have a wallet with an address which contains at least 25 M SMLY, then that address will get dividends once it becomes the oldest (untouched) such address.

There are about 150 such addresses right now. If they do not get otherwise modified, they just take turns getting the 4500.

The entire dividends for a block go to one address, changing its status from the oldest to the newest.

DisasterFaster

sr. member

Activity: 770

Merit: 264

Sorry if I missed the info somewhere but I wasn't able to determine the staking reward?

Is it a fixed % or does it vary?
Is it by the block or is it wallet weight vs. network weight?

Thanks

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: NokyRed on December 29, 2017, 10:33:54 PM

very bad coin..

You're quite the joker :-)

NokyRed

jr. member

Activity: 201

Merit: 1

very bad coin..

gstefans

sr. member

Activity: 475

Merit: 256

People sometimes think this is another scam coin intended for pump schemes and getting rich quickly - and complain that it is still a low-value coin. I apologise for being abrupt sometimes, but I am a bit sensitive to this. The coin has a very clear purpose and this has been advertised again and again, here and elsewhere.

But there have been several developments and also a lot of new people, so let's go through this point by point. Most of this has been mentioned above or by @smileycoinnews on twitter, or in steemit articles, or in scientific papers, but here is a summary.

The coin was initially developed for rewarding students in a freely accessible and open educational system, the tutor-web
The coin is primarily for fun, not profit
The coin has survived since 2014
There have been developments every year, most recently a brand new multi-algo wallet so you can solo-mine on a CPU
The coin implements a form of staking: If you hold 25 M SMLY in an address you will get dividends
All decisions are taken openly after discussion in this forum and usually also on twitter
This coin has a peer-reviewed scientific publication: http://bit.ly/SMLYledger
The coin has been used for many educational research projects, some of which have resulted in a PhD thesis: http://bit.ly/PhD-AHJ
Development of the coin has been funded as a part of several of these research projects
The coin may be primarily for fun, but it can certainly also be used as an investment
For this coin, the miners' fee is not the same as the coinbase
The coinbase is 10,000 SMLY per block and is split three ways
The miners' fee is now 1,000 SMLY per block
4,500 SMLY from the coinbase are used for dividends
4,500 SMLY from the coinbase are used to support the non-profit organisation Education in a Suitcase (EIAS)
Education in a Suitcase donates servers and tablets to schools in very low-income areas, primarily Kenya
The primary system on the servers (and tablets) is the tutor-web - designed to operate with unstable electricity and no Internet
In light of the coinbase, any investment in the coin is also support for Education in a Suitcase
One of the SMLY goals is to be able to pay the students in Kenya $1 per day in SMLY (not there yet)
A number of Steemit articles describe the SMLY, EIAS and tutor-web: https://steemit.com/@gstefans/
The coin is now a part of more projects than ever before: It will not go away!
If you want a long-term investment and support a good cause at the same time, then this is not bad, see http://bit.ly/SMLYinvest
If you want secure dividends, get 25M SMLY and keep them in one address. You will get SMLY dividends several times per day!
SMLY are also the easiest way to enter crypto: Just donate to EIAS and they will send you SMLY http://bit.ly/EIASdonate
Experimentation with SMLY is encouraged: You can now send text messages in the SMLY blockchain (see above)
Experiments include a SMLY ATM http://bit.ly/SMLYatm
Marketcap today (Dec 2017) is over 2 million USD -- not bad for a fun coin!!
A double-or-nothing game has been set up on the blockchain itself, as a proof-of-concept
A proposal has been made to use the SMLY block chain to announce atomic swaps
Some preliminary work on atomic swap announcements may be on the way: https://bitcointalksearch.org/topic/m.26071572
More to come...

The Ledger paper listed above should now be the definitive source of information on the coin. We have tried to include absolutely everything of relevance in that paper.

In short, this coin is not going away, so it is a much lower-risk investment than most coins on coinmarketcap, but it is also not intended for quick profits.

(Edited several times to add stuff and make it a stand-alone note)

gstefans

sr. member

Activity: 475

Merit: 256

From twitter:Should we have $SMLY tipping on Twitter? Wouldn't it be a little cool to send a few $SMLY when you like a tweet? https://mobile.twitter.com/SmileycoinNews/status/945942038868094977

For example, Education in a Suitcase has a few thousand followers and it might make sense for EIAS to tip all of them.

There are a few tipping bots for Twitter already and it really does not seem very difficult to implement.

Comments?

.

gstefans

sr. member

Activity: 475

Merit: 256

Quote from: 2bfree on December 26, 2017, 10:22:31 PM

You guys need to get on at least one more exchange and you need some plan that explains why people need to use Smiley coin. Your site doesn't communicate that.

Is there a dev or someone in charge with some coins and interest of making it go 100x or will it always be cheap???

Follow @smileycoinnews on twitter. You will see recent tweets on this, including one from a few minutes ago.

This is neither a get-rich-quick coin nor a pump and dump coin.

Its purpose is explained in the opening page of this thread with more info on the home page at tutor-web.info/smileycoin

Yeah we need more exchanges. Any help on this is greatly appreciated.

2bfree

sr. member

Activity: 686

Merit: 251

I'm investigating Crypto Projects

You guys need to get on at least one more exchange and you need some plan that explains why people need to use Smiley coin. Your site doesn't communicate that.

Is there a dev or someone in charge with some coins and interest of making it go 100x or will it always be cheap???

luksbit

sr. member

Activity: 1204

Merit: 252

Quote from: unusvita on December 12, 2017, 10:05:52 AM

is it worth holding onto this coins, will they ever go up to $1 like in 3-5 years??

I think not, because for the initial posting the project and from 2014 if I am wrong correct me, and in that time interval she did not value as much.

yeyicheng888

member

Activity: 350

Merit: 10

Now there are too many Internet coins, but the concept of education is still very few, this is a meaningful coin, I hope it can be better.

Topic: [ANN] SMLY- smileycoin - for rewards in education - page 15. (Read 77312 times)