Topic: [ANN] 🥔🍅🥑 VEGGIE 🥕🍆🌽 A Cryptocurrency For The Animals! 🐮🐷🐔🐶🐱 [LIVE!] - page 9. (Read 24504 times)

Thank you for your support

Good to see new coins with social responsibility

Now is a good time to mine the coin as difficulty is relatively low. This is increasing with our new found YouTube following, so I would encourage anyone to start mining now.

The block explorer is now up and running at explorer.veggiecoin.io!

I didn't know bunnies got bored and sad!

I'll happily answer any specific question but most of the info can be found in the OP

give more info, please!

In the whitepaper it outlines how that works. The community vote on our website on where the funds will be allocated. No proof of stake.

http://explorer.veggiecoin.io/ The explorer is back up and running guys

Will there be a method to suggest how the fund's coins can be spent? Will this include voting based on proof of stake?

Yes exactly, you can see exactly what's going on with the fund by using the explorer - explorer.veggiecoin.io
We're hodling about 200,000 Veggies in there currently, though we are liquidating some funds to pay for the ongoing care and support that we're providing the animals at Australian Animal Rescue. When the coin reaches a higher price and stability, we will begin liquidating it more aggressively. This will enable us to achieve more ambitious goals.

The fund is also hodl'ing the coins right? Its not selling immediately, holding on to most and building up a reserve for the future?? I mean this coin is going up. I'm hodling most of mine.

Thanks to Justhash.me for having an interview with me about Veggiecoin today

https://justhash.me/an-interview-with-a-developer-barney-chambers-of-veggiecoin/

As far as your question on the "25%" mining reward for the fund. The actual amount is "20%" of the mining reward. On closer inspection 40 - 10 is 20% of the mining reward, but if only the 40 is considered, the 10 is a 25% "MINING BONUS". So in reality 20% of the mining reward is given to the find. At this point in time we would love to encourage more trading on SouthXchange as this directly helps animals in need. If you can find the heart to hodl or trade the coin on the exchange, the animals benefit greatly

Thanks for the questions. The 10 out of 50 coins going to the animal fund in each block are not liquidated as soon as they hit the fund, so there is no issue with liquidation as we will never dump all the coins into tje market to crash the price

We are currently in talks with some animal friendly manufacturers to use veggie coin as a coupon to receive discounts on these products, which is a great incentive to buy and mine veggiecoin

The algo favours personal computers and isnt a super hungry algo at all

I will

I am a little curious about the decision of taking 25% of mining rewards for the fund. In my opinion, that amount is too high as it will require constant liquidity and buy support to be able to cash that amount in a monthly basis. So how is the coin incentivising traders to provide this buy support? I think partnerships would help for this. Also the whole idea behind the project can really attract mainstream people in social media and that could be done through influencers that not only introduce them to crypto, but also to VEGI , but anyways the built in miner in the wallet looks pretty good! Is this algo power hungry? I've never mined this algo.

I was also wondering if the project would want to reach the spanish community. I can provide a spanish translation if needed. Just let me know.

Thanks Bill, we appreciate your DOGE coin and will make sure you see in the next video where your mining efforts are going!

As a community we definitely need to pull the bid and ask closer together on SouthXchange as a priority, to improve the stability of the coin. 

Brilliant.

Veggie folks I've just sold some mined Veggie and turned it into Doge coins. I've sent you the DOGE so you can sell it for Ozzie dollars. Id send the BTC I made but the costs are too high and I know DOGE is fast and cheap.
Its only about $25 USD's worth but I'm hoping it can buy some cat food.. or maybe some seed for that wonderful Guinea pig. That would be cool.
Now I see on SouthXchange people are buying the coin on the ASK which is great but its better to put in orders on the BID and get coins from miners like me who want to sell. I know you Veggie folks sell coins on the ASK to fund your projects but people need to buy on the BID too which will help raise the price. Investor people should definitely put orders on the BID too. The BID and OFFER needs to be close together to get the market working well, so maybe people who want to buy should bring the BID orders up closer to the ASK and then buy some at the ASK too. Maybe half and half.
I've been selling on the ASK, so here is some of that money for your causes.

If we get a proper market going the coin will Moon and then the coins will be worth a lot and will buy lots of help for those animals, so its important to get the BID and ASK close and get the coin trading good volume.

This coin is animal money and has a real use, so it can be really important if it can get real traction.