So now we all need to come up with a business that would support TME!
I hope dev has a development plan and it is envisaged in a smart contract ...
Topic: [ANN] TIMEREUM (TME) VERSION 2.0: "ELIXIR" (ELIX) RELEASED (NEW THREAD) - page 112. (Read 126691 times)
July 21, 2017, 10:39:49 AM
So now we all need to come up with a business that would support TME!
I hope dev has a development plan and it is envisaged in a smart contract ...
July 21, 2017, 10:25:01 AM
so we just have 10 bacth in our lifetime to generate token ? so if there 1254 per bacth max we could generate 12540 ?
Info from Timereum.com:
FUN FACTS
10 Batches per address pair
5000 Maximum coins per batch
50000 Theoretical maximum coins per address pair
10 Years until maximum batch reward
Cool!
How i can get the pair address?
I am confuse about the mining process!
and what function of this coin?
July 21, 2017, 10:19:53 AM
So now we all need to come up with a business that would support TME!
It could be a good service for ICO token sales, you invest in ICO, and at end of ICO contract gets deployed and you have your tokens.
Just a quick idea. Might make it more complicated though.
July 21, 2017, 10:07:26 AM
So now we all need to come up with a business that would support TME!
July 21, 2017, 09:47:24 AM
I still don't get how much coins are generated over time.
First of all: do i have to trigger a batch right now to even start the mining process? Or can i wait not for a whole year to reach maximum coins per batch
Secondly: is the generation of coins linear in terms of time? What does people stop to make massive dumps every year when the maximum of their coins per batch is reached?
If its strictly linear, i don't see why i would trigger a batch before it reaches 5000 coins. And how long does that take in days?
First of all: do i have to trigger a batch right now to even start the mining process? Or can i wait not for a whole year to reach maximum coins per batch
Secondly: is the generation of coins linear in terms of time? What does people stop to make massive dumps every year when the maximum of their coins per batch is reached?
If its strictly linear, i don't see why i would trigger a batch before it reaches 5000 coins. And how long does that take in days?
July 21, 2017, 09:21:44 AM
So how much ether do we need in the parent and child address to mine and transfer tokens?
July 21, 2017, 09:06:41 AM
When will it be possible to trade TME on EtherDelta.io?
July 21, 2017, 07:38:52 AM
so we just have 10 bacth in our lifetime to generate token ? so if there 1254 per bacth max we could generate 12540 ?
No, if you let your address sit for a whole year without mining it, you can generate a maximum of 5,000 coins per year. So if you mine it once a year for 10 years you can generate a maximum of 50,000 coins.
Nope, if you wait until mining after 10 years you get 50k coins (10 x 5k). If you start mining now you get 1250 per batch, so if you hatch all your 10 batches now you get 12.5k coins.
So hatch 1 now and bring it to an exchange to trade it (when an exchange goes live) and continue to support the community while you hold your TME to be hatched in the future. If the community succeeds and Dev keeps on developing his coin we all generate value for TME and it will make it profitable for all of us.
Right, but If I were to wait to mine until my batch reaches 5,000 then I would get 50k, correct? Too bad theres no way to tell how many coins can be mined currently before we actually mine them. I wonder if the Dev can implement this.
Each parent address has an associated child address. Each child address begins with one
unit of currency. Every other type of address begins with zero balance. When the owner of a parent-child pair wishes to generate currency, they move a nonzero amount of currency into the parent from its child. The first ten transactions from a child to its parent triggers the generation of currency in the child.
To elaborate, each owner of a parent-child pair can only create ten batches of coins. The longer the owner waits to create batches, the more coins they will receive. Specifically, the coins per batch created is a linear function that allows 25% of maximum coin generation when the system goes online, and 100% after 10 years. The maximum number of coins per batch is 5000 coins. Therefore the theoretical maximum number of coins per parent-child pair is 50000. The increased batch return over time is meant to incentivize long term interest in the token. Only the aforementioned interaction between parent-child pairs produces batches. All other interactions occur as expected.
I guess you should apply a lineair function to get from 25% to 100% in 10 years to know how many coins can be mined each year starting from today.
July 21, 2017, 07:28:09 AM
so we just have 10 bacth in our lifetime to generate token ? so if there 1254 per bacth max we could generate 12540 ?
No, if you let your address sit for a whole year without mining it, you can generate a maximum of 5,000 coins per year. So if you mine it once a year for 10 years you can generate a maximum of 50,000 coins.
Nope, if you wait until mining after 10 years you get 50k coins (10 x 5k). If you start mining now you get 1250 per batch, so if you hatch all your 10 batches now you get 12.5k coins.
So hatch 1 now and bring it to an exchange to trade it (when an exchange goes live) and continue to support the community while you hold your TME to be hatched in the future. If the community succeeds and Dev keeps on developing his coin we all generate value for TME and it will make it profitable for all of us.
Right, but If I were to wait to mine until my batch reaches 5,000 then I would get 50k, correct? Too bad theres no way to tell how many coins can be mined currently before we actually mine them. I wonder if the Dev can implement this.
July 21, 2017, 07:23:22 AM
so we just have 10 bacth in our lifetime to generate token ? so if there 1254 per bacth max we could generate 12540 ?
No, if you let your address sit for a whole year without mining it, you can generate a maximum of 5,000 coins per year. So if you mine it once a year for 10 years you can generate a maximum of 50,000 coins.
Nope, if you wait until mining after 10 years you get 50k coins (10 x 5k). If you start mining now you get 1250 per batch, so if you hatch all your 10 batches now you get 12.5k coins.
So hatch 1 now and bring it to an exchange to trade it (when an exchange goes live) and continue to support the community while you hold your TME to be hatched in the future. If the community succeeds and Dev keeps on developing his coin we all generate value for TME and it will make it profitable for all of us.
July 21, 2017, 07:09:05 AM
so we just have 10 bacth in our lifetime to generate token ? so if there 1254 per bacth max we could generate 12540 ?
No, if you let your address sit for a whole year without mining it, you can generate a maximum of 5,000 coins per year. So if you mine it once a year for 10 years you can generate a maximum of 50,000 coins.
July 21, 2017, 07:02:24 AM
so we just have 10 bacth in our lifetime to generate token ? so if there 1254 per bacth max we could generate 12540 ?
In the first batch you get = (25% of max coins * days you whait) after 10 yeras, I think, in first batch, you get 12500 tokens 
July 21, 2017, 07:02:13 AM
so we just have 10 bacth in our lifetime to generate token ? so if there 1254 per bacth max we could generate 12540 ?
Info from Timereum.com:
FUN FACTS
10 Batches per address pair
5000 Maximum coins per batch
50000 Theoretical maximum coins per address pair
10 Years until maximum batch reward
Cool!
July 21, 2017, 06:56:22 AM
Hi Dev.
I saw my 1 TME in the address.
The longer I wait to send to the parent address and the more money I get. It's correct?
Thank you.
I saw my 1 TME in the address.
The longer I wait to send to the parent address and the more money I get. It's correct?
Thank you.
You get coins not money :-) Unless TME is traded somewhere and got some investor eye on it I will remain just a coin.
Basically you can release 10 batches in total, the longer you wait the more coins it will generate through the mining. Earlier in the thread the algorithm is explained on how your batches will increase over time.
Don't think it's an easy getting rich scheme, do you think TME will be around in 10 years? Do you think TME will be interesting to trade from a non airdrop participant perspective? Is there a roadmap yet for further development?
Its unbelievable sometimes that people just think it will be a sleeping giant and when it wakes up it's a one way ticket to the Ferrari dealer :-)
I recommend to start focusing on the next steps and the future purpose of TME and pls don't be shy to present some OTB ideas on how to built upon it's existence.
I agree. Theres no roadmap or any info about upcoming exchanges. Hopefully the Dev has big plans as far as puting this on a few exchanges and and development!
July 21, 2017, 06:49:16 AM
so we just have 10 bacth in our lifetime to generate token ? so if there 1254 per bacth max we could generate 12540 ?
July 21, 2017, 06:47:46 AM
So if i understand this right.. every day you wait you get 1 coin more?
Its 5,000 coins per year which comes out to around 13 coins per day I believe.
July 21, 2017, 06:19:13 AM
So if i understand this right.. every day you wait you get 1 coin more?
July 21, 2017, 06:18:29 AM
should be nice to have video tutorial for everyone ,that it would be great. I sent my first coin to the child address look great to me.
July 21, 2017, 06:12:42 AM
Well I tested it and I just mined my first coins , I used the 1st out of 10 batches , I moved 0.1 TME from my child address to my parent address and I mined 1254 TME. 
All in all well done dev.
All in all well done dev.I hope that is not a joke I moved but got same amount into my parent address. Can you share the transaction of that in which you got that tokens.
Edit: I got it into my child address instead of parent address.
July 21, 2017, 05:49:34 AM
Nice to see that the smart contract has been activated and that Timereum is now live. See you in 10 years when I mine my batch. 
Really. 
I will come with you.Jump to: