Topic: [ANN] X-CASH | Open-source | Public, private tx | DPOS based CN coin - page 19. (Read 137463 times)

SMS is much easier to cheat compare to telegram, Since telegram is known to ban accounts that has a high probability of being a bot account.

While SMS, Here in the Philippines you can buy a new simcard for less than $0.50 USD without KYC and if you buy more you can get more discount.

If someone will invest money and time in joining an airdrop then he can easily make 1,000 new accounts using 1000 new simcards

Netting him 65 Million XCASH Monthly or almost $2,200 worth of airdrop monthly..

So there's no mass adoption for xcash but rather more cheating more airdrop multiple accounts.

Buying Xcash in the market is much better than joining the monthly airdrop...

I wonder how many participants there were. I like this project. We also enjoy the lack of price drop after airdrop distribution. HODL

I see that the minimum amount for AirDrop has considerably dropped since last AirDrop, and now value of airdopped coins is around 2$ or so, which is not really any more worth the effort to mess around with a still malfunctioning x-bank website - if you value your time it's now cheaper to buy xchash on the exchange than to enroll in the airdrop.
This points to the fact that now there are suddenly so many more addresses receiving the AirDrop. Which means that either adoption base is rapidly growing, in fact skyrocking (which is unlikely) or that the new sms based AirDrop system is so much more easy to cheat by multiaccounters than the telegram based system (Which is quite likely).
Anyway, Tertium non datur.
Which of the two is true in your opinion?
Would an airdrop so heavily highjacked by multiaccounters and thus substantially valueless for the honest single accounters make any sense any more?

Quoting Paul from earlier today on the announcement section on discord:

"Distribution of March airdrop is done !
LinkedIn bounty will be distributed in upcoming days.

Thank you all for participating !"

Think most people have already gotten their airdrop by now. They will probably announce that the airdrop is finished soon and how many participated in the drop.

Airdrop will be turned off in the x-bank in a couple of days. It's nothing, isn't it?  

the airdrop is still on but this month the subscriptions are over

I didnt see the buzz it would require. Price didnt jump, instead its back to 50-60-ish litoshi.

There's no information yet how many users participated in the airdrop for this month, The dev team knows majority are expecting bigger airdrop payout this month due to most people probably forgot about this project but it was the other way around. There are more people join and participate in the airdrop. Not to mention if someone has 1000 referrals that is already considered an airdrop for 250 more people

Just try to log in again with two times click, the second try looks fine to me. But if you still getting these error you can try to delete your browser cookies and the next try will be fine.

[1] Yes each month X-CASH will distribution 1 billion coin.
[2] The reason why this airdrop have some significant reduction for the minimum payment because X-CASH already got some new member of participants to join on x-cash community.

Yes 1B coins were distributed in March 2019
If you take a look at the market cap on the first week of Jan it was around 300K (the last time we had an airdrop). We have seen it as high as 1.3M from then. The awareness has really grown the past few months looking at youtube as well and members in the discord channel (their is a section called new joiners we started in early march to show how many are joining per day)

Two questions:
Are 1 billion coins still distributed in March 2019?
Is it right that the reduction of the minimum payment by ~2.5 times is due to the increase in the number of participants by ~2.5 times?

Thank you for taking the time from your day to write that, much appreciated here!

So I want to address some of the topics on this page

First yes we have had some bugs in the frontend and are still actively working on it. The X-BANK is a long term project. Right now its in the MVP stage, once we get the bugs fixed it will start transitioning to the X-payment stage, the exchange stage etc. The backend took more priority and we felt that it was better to release it with some minor frontend bugs than wait more weeks. The SMS is not counted in this since we would have had to do an alpha stage on it to see that the SMS was a problem in the first week.

This approach will depend heavily on the project.

For the proof of stake we will not be releasing it until we believe its 100% bug free at that point we will have an alpha and beta test for the public to get even more bugs out (as well as a bug bounty for these) since there really are no minor bugs when dealing with the blockchain.

Inside our team we have multiple smaller teams working on different projects / issues. The other big one being X-CASH proof of stake, but others such as IOS wallet, X-payments, and other research into cards listed on the roadmap.
http://x-network.io/roadmap/

We feel this is the better way to go, since we will deliver more tech wise than having the full team all working on one project. We can look at this like a job site. we have multiple groups building a restaurant (electricians, plumbers, painters etc) they are all working on what they do best, and are most efficient at.

As the team grows more projects will be worked on in parallel and what this does is creates a situation where everyone is working on what they do best, plus no one is blocked by someone else, because they will always have a project, section of a project, or some research to do, thus creating a "always work to be done" environment.



As a general rule of thumb it is always better to use a cold paper wallet with some trading / spending funds on a hot wallet (GUI or CLI)
this is the safest way to store crypto for any cryptocurrency. Online wallets / exchanges are more convenient / easier. It is up to the user to decide what storage plan they want to use for their crypto. Like someone pointed out on this page, The goal for X-BANK is for the airdrops, X-payments ,exchange part etc. We also provide off chain free transfers on the X-BANK from one account to another. Again its up to the user to find that storage plan that works for them the best.

As for the airdrop part
if you guys are on discord we announced today that
the airdrop has started
Minimum amount: 68,587.11 XCASH

as you can see this is much lower than the previous minimum amount
Minimum payment: 167,131 XCASH

(all of this data is from the announcements channel on our discord)

This makes sense since the market cap has gone up since the last airdrop and the awareness of the project has gone up as well. We still are having a team member go through the entire database for the few days before the airdrop to clean out fake accounts. We have a protocol in place since the first airdrop to detect this manually. Even with phone verification their were still many fake accounts. Obviously were not saying their all cleaned out, but we are still manually taking the time to clean out as many fake accounts as possible.

This was the whole point of the airdrop, to spread awareness, give the core supporters a chance to earn more while helping us spread awareness, and to give everyone a chance to get some X-CASH instead of like most coins you have to either buy some or mine some (both which cost money) to acquire the cryptocurrency. The logic is to create a more decentralized coin this way.

I hope everyone finds this helpful.

Not sure what is going on. I set up my x-bank account when it first launched and was able to log in with no problems. Now I try to log in and it says Validation Failed. I try to use the "forgot password?" link and enter my email.....but no email received.

Really bro? Did you say like that just because of the amount of your airdrop more less than a past airdrop? Ohh, come on this it's an airdrop every month the amount of distribution airdrop always getting less and its that normal just because of that you said FAIL. How about their development you did not see in that case? or you only see at the airdrop and want to get free MONEY.

With 4-6 month each account will only get 10K XCASH and you will be happy because already joined at early stage airdrop.

Why fail? They have a referral program the provides referral incentives to those who help them in marketing their airdrop.

If you want more airdrop then try to build a strong downline since this airdrop will last for more than 1 year more so there's a chance that what you receive today will be worth something after the airdrop.

Good luck, but personally, I think receivers should decide what is good for them.
HODL or SELL, that depends on each receiver.
However, the key lesson is money will be real money if you actually cash out.
Let's look back at bitcoin, if someone had 10 BTC at $20.000 (nearly $20.000), they would have had $200.000 in 2017 if they cashed out all of those 10 BTC.
If they hold till now, those 10 BTC have not worthed $200.000.

Not sure your getting the entire point here. The project will likely FAIL if the devteam don't fix this problem.

65k XCASH from doing nothing and a simple signup what more can we ask, its a free money given by the dev team that we can sell anytime.