For those who think that the developers are selling. Here is the 2 financial statements https://medium.com/@suqa/on-founders-fee-transparency-431a16550058and
https://medium.com/@suqa/suqa-monthly-financial-statement-december-2018-7004fbc6b268
And here is the developer funds wallet that was never spent, not going to be spent and it will not be used in SIN nodes.
The developer fee will reduce from 9.08% to 1% SIN Hard-Fork Time Late March.
This is just for you to see how we are transparent and never sold any SUQA.
The top 25 wallet is decreased to 14.88% and the 30 days time-locked amounts are almost 60 million SUQA.
Future will be great for the patient ones because your team is working non-stop without even selling anything!
Great evidence to build up more trust on the SUQA team.https://medium.com/@suqa/suqa-monthly-financial-statement-december-2018-7004fbc6b268
And here is the developer funds wallet that was never spent, not going to be spent and it will not be used in SIN nodes.
The developer fee will reduce from 9.08% to 1% SIN Hard-Fork Time Late March.
This is just for you to see how we are transparent and never sold any SUQA.
The top 25 wallet is decreased to 14.88% and the 30 days time-locked amounts are almost 60 million SUQA.
Future will be great for the patient ones because your team is working non-stop without even selling anything!
If coins in the fund sell at one time, they will put the SUQA price under massively pressure.
For 1 Year? ...
Earlier in the post, your team members state that it will NOT be used for SIN nodes, period!
Which is it?
#crysx
That is fine then, we will not use our funds for SIN never but it also shows the guarantee that the SIN nodes will be profitable after 1 year and more
Don't make this as an attack - it isn't ...
I didn't say what you claimed, and I certainly am not against the team using the funds. You all well deserve it.
I AM saying that if you are going to post something, and become ambiguous about it, then it leads to confusion AND distrust in the team AND the project. Something I would not like to see with SUQA especially with Pallas on the team. So you will need to set in concrete (or at least change TO what you WILL do - regardless of outcome), which it is EXACTLY what you will do.
You are either using the funds for SIN nodes, or you are not.
You are either cashing some of the funds in to pay for certain areas of the development, or you are not.
You are either keeping the coins locked away, or you are not.
Which ever way you decide is best to move forward for the BENEFIT of the project, especially when the team needs to meet payments, then you should state it, plan it and follow through with it, even if there are changes made down the track.
In the previous posts, one of YOUR team members stated they will NOT use the funds for SIN nodes, then YOU post that you will but only after a year.
State what is going to happen, and agree with the WHOLE team what it should be THEN post what it will be. Even if it changes later in the year, at least at THIS time you ALL agree on what needs to be done, and there will be NO confusion that the community will experience because two team members can't agree on what should be said publicly or not. The community that you have worked so hard to build and the community that trust your word with what you do. Just be consistent, no matter what you do.
NOW do you understand what I am saying?
#crysx
To make everything clear. The developer funds will not be used in the SIN nodes never. They will be used just like how they are used right now. For development and continuous progress of the SUQA project. We will be providing the developer wallet under one wallet address so keeping track of it from the community will be easy.
They are divided to different addresses right now because they are time-locked but just after the hard-fork we will provide our 1 developer wallet address to be seen in the explorer as top wallet.
We will also keep releasing financial articles for monthly spendings to our community so like everytime, everything will be transparent.
Thanks
Many thanks for clearing this up. I am still very new to all of this and would appreciate if you can enlighten me on the future of SUQA.
I have been mining the coin since early October and been very happy with the team and the community.
The questions I have to help me understand the direction that SUQA is going are:
1. After the hard fork and the SIN nodes are available, you can use your SUQA to purchase a node. Is the node a device that you then share with other members depending on how much you spend with 100,000 coins being the minimum.
2. Will we still have the same wallet or will we have to upgrade to another wallet?
3. Will we be mining the SUQA coin as we are now after the hard fork?
4. Can we buy a node with our locked coins or do we need to use unlocked coins?
Many thanks.
Hello and thanks for the great support.
1. After the hard fork if you want to use the SIN nodes then you need to lock 100K minimum. You will need to setup a linux machine with a static ip or rent a vps for your nodes to be running.I think the VPS's are around 2.8 euro monthly. If you lock for Mid SIN for 500K or for Big SIN for 1 million, you will still only need 1 VPS or a linux machine with a static ip. You will have a private key that you can use from anywhere to setup your device but we suggest you to keep it running once it is setup to not lose any block rewards.
2. You will need to upgrade tot he brand new wallet but your current funds will be there just like before.
3.Yes you will be mining SUQA as you are now just after the hard-fork.
4. You can not use the locked coins but every 2 minutes from the blocks the nodes will pay you just like mining so if you are an early adopter you will get back your coins way early from the block rewards.
Thanks
cryptotamer01 Thank you very much answering my questions and now have a much better understanding as to how the SINs will work. Not really a Linux user so will just keep mining with the GPU's.
