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Topic: [ANN] VAULT | COMMUNITY TAKEOVER | POS | WALLET UPDATE | NEW DEV TEAM | (Read 23596 times)

full member
Activity: 258
Merit: 100
romad.io - community manager



New Bitcointalk thread

Due to our initial PR member CryptoDustin stepping out of the project and the fact he had created initial Vaultcoin Community Takover Bitcointalk thread from his personal account, we had to create new thread so we could continue to update main ANN post.

[ANN] VAULT v1.2 | COMMUNITY TAKEOVER | POS | WALLET UPDATE | NEW DEV TEAM
https://bitcointalksearch.org/topic/ann-vault-v13-200-pos-for-the-next-year-community-takeover-856502

full member
Activity: 258
Merit: 100
romad.io - community manager
So what's up? Is this dead again?

We're working on the features shown in the roadmap.
The stake percentages are being discussed by the dev team, but as you all know this is a community effort and we don't just magically make stuff happen.
We'll post updates once they are there!

- haxmb

Looking at the network and blockchain stats at the moment, there are maybe handful of people staking even reward at the moment is 50%
Most of the coins seems to be held on exchanges.

Even with 200% for first year, I don't think there will be full 3000 coins mined.

So, we are planning to implement following staking reward scheme:

first year - 200%
second year - 100%
following years - 50%

ETA for new wallet release with new staking rewards is in next couple of weeks. Stay tuned for updates soon!
legendary
Activity: 952
Merit: 1000
So what's up? Is this dead again?
newbie
Activity: 43
Merit: 0
Looking at the road map you set out I agree you should rethink 200% staking reward annually this will only lead to a huge loss of value in the future. Maybe set out a five year staking plain starting with 100% on year one and ending on 10% on year 5 and continuing with 10% for the life time of coin...

100% year one  3000 Vaultcoin
50% year two    4500 Vaultcoin
25% year three  5200 Vaultcoin
20% year four    6240 Vaultcoin
10% year five    6860  Vaultcoin

I done the figurers in my head so I know is not hundred percent correct, just rough guide line.....
Sorry could not see how a 200% staking reward will do any good for this coin then lead to a huge loss of value .

This is a good plan!  Still keeps this coin count low and gives people incentive to buy and hold now.  

This sounds pretty good, we'll look into it!

- haxmb
I see now problem with 200% for 1st year.total coins for first year is still only going to be 4500. which is still very low.i really think we need to do something soon though before we are no longer on an exchange


After thinking about this, the amount of Vault coins generated each year will be less than in the projected example from tony1970 because coins will be split between the exchange and wallets.  Correct me if I'm wrong but Bittrex doesn't keep coins that are staked but others may. . .  1500 additional coins the first year may actually be like 700-1000 imo.

You could also look into the vPOS staking that Vericoin and ARCH are doing.  Basically the more people that stake in their wallet, the more additional coins you generate in your wallet.  ARCH is setup for between 3 - 20%.  Vault being much fewer coins, you can kick this number up between 50-100% for the first 5 year, then settle on 10% after 5 years for the life of the coin. With all this said, I don't think this coin will ever get above 10,000 coins.  This still makes the coin count pretty limited. 
hero member
Activity: 644
Merit: 500
Looking at the road map you set out I agree you should rethink 200% staking reward annually this will only lead to a huge loss of value in the future. Maybe set out a five year staking plain starting with 100% on year one and ending on 10% on year 5 and continuing with 10% for the life time of coin...

100% year one  3000 Vaultcoin
50% year two    4500 Vaultcoin
25% year three  5200 Vaultcoin
20% year four    6240 Vaultcoin
10% year five    6860  Vaultcoin

I done the figurers in my head so I know is not hundred percent correct, just rough guide line.....
Sorry could not see how a 200% staking reward will do any good for this coin then lead to a huge loss of value .

This is a good plan!  Still keeps this coin count low and gives people incentive to buy and hold now.  

This sounds pretty good, we'll look into it!

- haxmb
I see now problem with 200% for 1st year.total coins for first year is still only going to be 4500. which is still very low.i really think we need to do something soon though before we are no longer on an exchange
newbie
Activity: 43
Merit: 0
Looking at the road map you set out I agree you should rethink 200% staking reward annually this will only lead to a huge loss of value in the future. Maybe set out a five year staking plain starting with 100% on year one and ending on 10% on year 5 and continuing with 10% for the life time of coin...

100% year one  3000 Vaultcoin
50% year two    4500 Vaultcoin
25% year three  5200 Vaultcoin
20% year four    6240 Vaultcoin
10% year five    6860  Vaultcoin

I done the figurers in my head so I know is not hundred percent correct, just rough guide line.....
Sorry could not see how a 200% staking reward will do any good for this coin then lead to a huge loss of value .

This is a good plan!  Still keeps this coin count low and gives people incentive to buy and hold now. 
newbie
Activity: 4
Merit: 0
Looking at the road map you set out I agree you should rethink 200% staking reward annually this will only lead to a huge loss of value in the future. Maybe set out a five year staking plain starting with 100% on year one and ending on 10% on year 5 and continuing with 10% for the life time of coin...

100% year one  3000 Vaultcoin
50% year two    4500 Vaultcoin
25% year three  5200 Vaultcoin
20% year four    6240 Vaultcoin
10% year five    6860  Vaultcoin

I done the figurers in my head so I know is not hundred percent correct, just rough guide line.....
Sorry could not see how a 200% staking reward will do any good for this coin then lead to a huge loss of value .
full member
Activity: 223
Merit: 101

Would be great to hear some comments on the new roadmap!

Well, let me start about the fact that I sent haxmb Pm a while ago about the suggestion to rethink 200% staking reward annualy as this will bring the number of coins over the total number of Litecoin for instance within 10 years and that would mean current hyped rarity of a coin is a complete farse. I have been waiting patiently for any reply from haxmb on a couple of matters, and we are talking about time span of more that two weeks and not a single word or acknowledge from him yet.

To be honest, I'm afraid you have been playing the old tactics of lowering the price, buying cheap and then dumping for a good profit. Buy and sell walls were indicative of that and now after the published roadmap, which could only be a piece of "paper" (time will tell) the road to higher values has been paved with no particular sell walls anymore. I decided to sell half of my holdings during the last pump which made me a nice profit and I will probably take a gamble with the rest of the vault, although haven't been persuaded yet.

Hopefully you will rethink the 200% reward annually, as this will only mean huge loss of value in the future.

Thanks for your feedback! I'll have a chat with haxmb.
What would you suggest the staking reward should be?

How about it being 200% for the first year, 100% second and 50% for all the next years?

Regards market behaviour, if it's being manipulated, then definitely not from developers side.
First of all, there was no any premine and secondly if even would of been there, this is community take over where so far people have donated to devs only just about 10 VAULT in total!


Such staking reward is much better, maybe lowering all of the numbers by a quarter, like 150%, 75% and 35% for all successive years could promise even more longterm value to it, if you want to retain scarcity.

Reg. market behaviour: It speaks for itself, somebody hoped to spark a huge interest, but the sentiment is not there. I didn't mean you sold that 10 vault, but what you supposedly acquired during the silent periods. You would be stupid, if you wouldn't try to take advantage of the situation, I don't judge you. Everybody is doing it and nothing is wrong in doing that, when one also keeps the promise of releasing the announced features.

Lately there are mainly promises, and only a few of the devs actually deliver. Still hoping you will prove me wrong.
full member
Activity: 258
Merit: 100
romad.io - community manager

Would be great to hear some comments on the new roadmap!

Well, let me start about the fact that I sent haxmb Pm a while ago about the suggestion to rethink 200% staking reward annualy as this will bring the number of coins over the total number of Litecoin for instance within 10 years and that would mean current hyped rarity of a coin is a complete farse. I have been waiting patiently for any reply from haxmb on a couple of matters, and we are talking about time span of more that two weeks and not a single word or acknowledge from him yet.

To be honest, I'm afraid you have been playing the old tactics of lowering the price, buying cheap and then dumping for a good profit. Buy and sell walls were indicative of that and now after the published roadmap, which could only be a piece of "paper" (time will tell) the road to higher values has been paved with no particular sell walls anymore. I decided to sell half of my holdings during the last pump which made me a nice profit and I will probably take a gamble with the rest of the vault, although haven't been persuaded yet.

Hopefully you will rethink the 200% reward annually, as this will only mean huge loss of value in the future.

Thanks for your feedback! I'll have a chat with haxmb.
What would you suggest the staking reward should be?

How about it being 200% for the first year, 100% second and 50% for all the next years?

Regards market behaviour, if it's being manipulated, then definitely not from developers side.
First of all, there was no any premine and secondly if even would of been there, this is community take over where so far people have donated to devs only just about 10 VAULT in total!
full member
Activity: 223
Merit: 101

Would be great to hear some comments on the new roadmap!

Well, let me start about the fact that I sent haxmb Pm a while ago about the suggestion to rethink 200% staking reward annualy as this will bring the number of coins over the total number of Litecoin for instance within 10 years and that would mean current hyped rarity of a coin is a complete farse. I have been waiting patiently for any reply from haxmb on a couple of matters, and we are talking about time span of more that two weeks and not a single word or acknowledge from him yet.

To be honest, I'm afraid you have been playing the old tactics of lowering the price, buying cheap and then dumping for a good profit. Buy and sell walls were indicative of that and now after the published roadmap, which could only be a piece of "paper" (time will tell) the road to higher values has been paved with no particular sell walls anymore. I decided to sell half of my holdings during the last pump which made me a nice profit and I will probably take a gamble with the rest of the vault, although haven't been persuaded yet.

Hopefully you will rethink the 200% reward annually, as this will only mean huge loss of value in the future.
full member
Activity: 258
Merit: 100
romad.io - community manager

Would be great to hear some comments on the new roadmap!
full member
Activity: 258
Merit: 100
romad.io - community manager

I believe that many people who are currently invsted in VAULT would love to participate in this project.
But first we should all know what is the dev team's goal, because no info at all was given about the ideas and motivations of the people on top of the project.

I don't think one can expect anything than taking profits when there is no roadmap or anything like that to the project.
When your vision is published, then every person can decide to himself if he wants to take part in it.



Vandalay23, thank you for your response! I'm 100% with you and agree.
Nice to see there are some who have more to say then just usual "to the moon..." "rocket started" "easy 3x to 10x"

Just to inform, roadmap draft has been finished and now is being reviewed.

Actually we all should thank you for standing behind a dead coin and blowing life into it.
Personally, I got myself a nice stake in this coin at the moment I saw you took control, did my own research (team and coins specs), and got to the conclusion that it answer what I'm looking in a coin.

Up to now I am more than satisfied of being part of it.
Waiting for the roadmap to see what you are cooking there...

And to all the "to the mooners" - if you want a higher value so buy the sell orders, don't post crap in here.... 



Thank you Vandalay23, we are trying to do our best!
Great to see some support from community!
full member
Activity: 258
Merit: 100
romad.io - community manager
I cant believe the trading happening on bittrex.we have some good new and people start to slowly buy some and than fools start dumping.The crypto world is full of strange people Smiley

I've always been wondering about these mysterious market behaviours which do not follow any logic!
However, this gives good chance for others to buy the coins.

Working on the Vaultcoin distribution list now (or so called - richlist). Will post the link to it later this week.
hero member
Activity: 644
Merit: 500
I cant believe the trading happening on bittrex.we have some good new and people start to slowly buy some and than fools start dumping.The crypto world is full of strange people Smiley
legendary
Activity: 1274
Merit: 1000
FLAT OUT!!!
Volume up quite a bit.  Looks like a slow but steady acquisition given the recent price falls.  Wish I had some free BTC so I could take advantage too.

Might be in anticipation of some cool things to come. Wouldn't be wrong either!
We have a few really cool things coming up!
Here's a sneak peek of the current developments:



And a small part of our coming roadmap. It will be released in full on the 26th!



Regards,
-haxmb

is anything being releaded today?
sr. member
Activity: 341
Merit: 250
cool  Grin
vault should be at least 0.1btc to 0.3btc value per coin Wink

With all new developments taking in place, I can't see why Vault wouldn't get there! Wink

however, even though Vault might have some potential, looking at the posts on this thread, sadly it seems that community is interested only in quick buck.

Original developers abandoned this project and it was taken over by community (or better to say, few people who liked the idea and were interested in continuing the development). Now, who is actually the rest of Vault's community?

Here are few questions one would suggest to ask themselves who think they are part of this community:

  • For me, as a community member, what is this project?
  • Is this another pump and dump project of mine?
  • Is this a project I would like to contribute in any way I can?
  • Will one day I be proud of my involvement in this project?
  • What is it I will be proud about?


As a developer, ones interest in this project is for it to suceed as something innovative and useful.
Give space and opportunity for many great minds to work together and be proud of their achievements.

so, dear community... anything to add... Huh



I believe that many people who are currently invsted in VAULT would love to participate in this project.
But first we should all know what is the dev team's goal, because no info at all was given about the ideas and motivations of the people on top of the project.

I don't think one can expect anything than taking profits when there is no roadmap or anything like that to the project.
When your vision is published, then every person can decide to himself if he wants to take part in it.



Vandalay23, thank you for your response! I'm 100% with you and agree.
Nice to see there are some who have more to say then just usual "to the moon..." "rocket started" "easy 3x to 10x"

Just to inform, roadmap draft has been finished and now is being reviewed.

Actually we all should thank you for standing behind a dead coin and blowing life into it.
Personally, I got myself a nice stake in this coin at the moment I saw you took control, did my own research (team and coins specs), and got to the conclusion that it answer what I'm looking in a coin.

Up to now I am more than satisfied of being part of it.
Waiting for the roadmap to see what you are cooking there...

And to all the "to the mooners" - if you want a higher value so buy the sell orders, don't post crap in here.... 

legendary
Activity: 952
Merit: 1000
Great.  Look forward to seeing it:)
full member
Activity: 258
Merit: 100
romad.io - community manager
cool  Grin
vault should be at least 0.1btc to 0.3btc value per coin Wink

With all new developments taking in place, I can't see why Vault wouldn't get there! Wink

however, even though Vault might have some potential, looking at the posts on this thread, sadly it seems that community is interested only in quick buck.

Original developers abandoned this project and it was taken over by community (or better to say, few people who liked the idea and were interested in continuing the development). Now, who is actually the rest of Vault's community?

Here are few questions one would suggest to ask themselves who think they are part of this community:

  • For me, as a community member, what is this project?
  • Is this another pump and dump project of mine?
  • Is this a project I would like to contribute in any way I can?
  • Will one day I be proud of my involvement in this project?
  • What is it I will be proud about?


As a developer, ones interest in this project is for it to suceed as something innovative and useful.
Give space and opportunity for many great minds to work together and be proud of their achievements.

so, dear community... anything to add... Huh



I believe that many people who are currently invsted in VAULT would love to participate in this project.
But first we should all know what is the dev team's goal, because no info at all was given about the ideas and motivations of the people on top of the project.

I don't think one can expect anything than taking profits when there is no roadmap or anything like that to the project.
When your vision is published, then every person can decide to himself if he wants to take part in it.



Vandalay23, thank you for your response! I'm 100% with you and agree.
Nice to see there are some who have more to say then just usual "to the moon..." "rocket started" "easy 3x to 10x"

Just to inform, roadmap draft has been finished and now is being reviewed.
full member
Activity: 258
Merit: 100
romad.io - community manager
What situation

Situation with C-CEX and CryptoBe block explorer is now resolved.

C-CEX wallet works as expected and CryptoBe block explorer is working as well.
newbie
Activity: 32
Merit: 0
Just checked - wallet was updated Sep, 26 from takeover repository. I can confirm we are on right blockchain. To make sure for latest wallet version it was updated again today. "version":"v1.2.0.0"
We also decide not to delist coin.
If anyone has any issue with vault - please, open support ticket and we will resolve it for You very fast.

https://c-cex.com/?p=vault-btc
https://c-cex.com/?p=vault-usd

your wallet is stuck on block 2880!
Please download latest block chain bootstrap.dat and synch fully the block chain - https://drive.google.com/file/d/0B9RETHe8wiJlaHByQk4wMWw0dXM/view?usp=sharing


What about Your off. block explorer? http://cryptobe.com/chain/VaultCoin

Cryptobe were moving servers and block explorer was off for a while. Seems that they are stuck on same block as well.

Please use this block crawler as a reference - http://vaultcoin.myriadhub.net
As per time of writing this, correct block height is 47535

We are also working on new block explorer, but that will be ready only at the end of next week.


What situation
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