Topic: [ANN] $XQN Quotient Financial Network | PoW Scrypt, PoS Blake-256 | UPDATE NOW - page 67. (Read 194427 times)

hey dev, are you trying to get into another exchange besides trex?

Because of the weight of your stake against the network's overall weight.(it's usually faster than this).

That's why I said "untouched public fund".
It will be an investment to earn more trust and attract more investors. He won' t be able to withdraw (or will need consensus from holders).
It's almost the opposite of a premine coz dev wont be able to dump it. so less coins in circulation = more value for holders.
It' s an investment in his whole network solution basically.

This is a good counterpoint to think about....

No worries, just wondering why "expected time to earn reward" is 11 days since firing up the wallet this afternoon. Any idea?

I do not think dev buying 25% of the of the $XAI IPO is a good idea, because basically it's the same as a 25% premine. (He buys the coins from himself.. therefore they cost nothing).

IMO the IPO will raise 100 - 200 BTC, and that should last a while. After this, if all goes well set up a community funded BTC act. for donations.. If project moves along forward, you will get donations. (I.E. Bitmark is doing this, and they are getting donations from the community).

Just my 2 cents.

There is a snapshot component in my solution but (without being a jerk ;o) I find it being superior because I thought about the flaws of snapshots.
Look how it works in PTS; really good coin, good dev lots of good ideas and then snapshots... Everytime a snaspshot is done PTS are dumped because everyone thinks they arent good enough (being right or wrong) until the next snapshot.
By creating a XAI fund dedicated to XQN holders and redistributing interests there will be an incentive to keep both your XQN and XAI depending on how it is set.

to round numbers from my previous example lets say dev buy 30% of his IPO then giveaway 33% of this (10% XAI total) to XQN holder. Then say "Ok now based on the snaped amount I'll dispatch interest from my public fund to every original holder BUT there will be a script checking your xqn blance and/or "free" XAI balance every time interest are earned."
So basically XQN holder will receive 11% interest from their XAI + 22% from the dev fund. And the balances will be checked (with random function +checking often and making, average to avoid any exploit).
On top of that as the "dev" fund should remain untouched, everytime someone from the original holders fund will dump,it will profit to the rest of the holders. Let's say that the  snapshot is based on XQN only (we can do amix of XQN and XAI, things can be worked and discussed). Then half of the holders dump XQN right away when receiving their XAI. The remaining holders will now earn 55% 11+22+22 interest a year because the fund doesn't move and will always reward the same amount of interest dispatched between all the remaining holders (XQN and/or XAI moved from "snaped" address become "normal" coin again obviously).

This is a way to reward early investors who took more risks and to attract future investors as well. It's also creating a really solid base of holders in both coins. Of course you can repeat the process for every future project (XQN holders will have a part in everything launched after XQN whereas XAI holders will have a part in everything launched after XAI and so on).

That happens when you get an orphan block.. Someone else found a block right before you. Not to worry, it will stake again.

i can see a chart pattern, just waiting for the next wave for confirmation

Some good ideas floating around.

Another way to achieve something similar, could be for example to make a split of the XAI emission by assigning a portion of XAI to XQN holders at a certain point in time, say 20% of XAI for example. You'd take a snapshot of XQN holders by date X, and assign those accounts with a proportional balance of XAI (off of the reserved 20%).

The remaining 80% XAI would remain on sale via the ongoing crowd fund. This approach would strengthen the bond between XQN holders and XAI, while potentially valuating XQN further (which indirectly benefits your development effort anyways, because premine).

Just an idea, please don't make much of the numbers I literally just came up with...
Cheers!

+1  Very nice thoughs...
cheers

right on

I will contemplate it a bit and see if I can come up with something.  Your proposal sounds interesting, and I have some previously developed tech I could use to manage it.  Let me think about it some more, but I like your idea.

The long term benefit for XQN is that it is built-in demand generation, users will need and want to acquire XQN in order to spend them getting access to and using the platform with the user friendly tools in XQNFX.

Hi again dev.

I'm not investing in a coin for the most. I'm investing in a dev. Devs with real skills. And to me you are on of them. I'm invested in strong coins but PR and financial management is important and is often a weak point that can lead to disaster.

To me and for a long term succes you should:

Buy a good chunk of your own XAI ipo say like 25%
Then you give away a third of this for free to xqn holders.
Then with your remaining part and to avoid dumping at first sight from xqn holder you make your fund public and give away all the interests earned to xqn holders.

So by doing this XQN holders will have some coins + 33% of interest rate to not dump their coins.

Why is it important for you: You show that you care about your early investors. Otherwise if xqn holders feel "screwed" why will a XAI potential ipo investor dont ask himself if he wont be a XAI bagholder on your third project ? By having a public address you show that you are invested in your project and that you care about both your early and future  investors. Win-Win to me.
Overall  you will strengthen your financial network by a big amount and earn more trust and you will be able to work on your project faster and with real support from investors.

Regards,

Flam.

You're usually right and you know that!

That's an interesting find, and news to me.  I'm not sure that it necessarily means anything though, as I would think we would have seen a CERT type thing about it.

The majority of people's 64-bit wallets are working just fine with no need for any additional installs.  There are only some people on Windows 7 64-bit that for some reason are encountering this issue.

When I get some downtime, I will build a virtual machine with the 32-bit toolchain to do 32-bit Windows wallets.  I'm a bit tied up pushing the other things for XQN out the door first to take the couple hours of downtime just yet.

I should clarify.  $XAI is for the distributed AI piece.  It only adds capability to $XQN.  The idea is for XQN to be the first "consumer" of the AI backend using it for running neural network trading algorithms on a massive scale.  However, if the crowdfund is not successful or it is delayed etc. (because one way or another, it is a project worth doing), it does not take anything away from XQN.  It is "extra cool" stuff though that would be game changing in the space when the spring of 2015 rolls around and these things start hitting the crypto world en masse.

The XQN roadmap is its own roadmap.  The crowdfunding basically just means the difference between me being able to work 24/7 full time on it for 6 months building the AI engine + the XQN features, or me just working part time on the XQN features.  I am not worried about it though, I believe the crowdfund will be successful.

The block explorer, website, and comms channels for XQN are still coming soon, I'm working on it now actually.

what will happen with XQN if crowdfunding isn't successful?

Dev you should reserve some XAI for XQN holders. Otherwise it throws a bad signal of a dev jumping from project to project. And trust is everything here.