Topic: [ANN] YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ - page 5. (Read 41511 times)

My internet has been down all day and I'll post a more elaborate response wen it's back up later, but current holders will be rewarded. I think the distribution will take effect as such. Each one of the 500 members who receive coins will receive half up front and half two weeks from the first distribution if they can show they did not dump. This is key to ensure as few people sell as possible.

well a solution could be: offering currently existing wallets a certain % of the yin/yang they hold, before the public distribution. Kind of like a POS reward. These coins will be given to those who invested in and kept their coins after the (second) relaunch announcements, meaning:
-no dumpers will be rewarded
-coins will be given as a reward to those who actually did something good for the coin/community (read: those who didn't dump)
-result: these coins will more likely be well-handled since they're in the right hands
-this will increase the reliance in the future for newly investors

Afterwards you could implement the public distribution to grow the community and nothing else has to change to what's planned already at this point. The two public distributions can just follow straight after.


Just an idea.

I whole heartedly agree with what you say there. I have been doing the same as you, buying up at whatever price they have been at, using profit from my daily trading to snap some up, often buying straight off the sell wall just to keep the price up. I'm not particularly bothered with what i hold or what they're worth right now, as i've always seen buying them under 1k sat a bargain compared to what its value really should be, i think i was just more concerned with it dropping quite badly in terms of being delisted if distribution was to be dumped on it and push it out further. I mean it was already struggling to keep above 100 sat with no real sell pressure.

I think it will be fine in the end, when i first joined the thread everything was up in the air, talks of new coin and transferring coins to the new one and various other ideas. at least we have a plan and some direction now, destroy some coins, distribute others, growth of the comunity,  and the rest should take care of itself. Just make sure that on the new ANN  thread our goals and aims are listed and clear for all to see so we can all be singing from the same sheet. As long as we all know what we want to achieve and how we are going to do it the coins should have a good future.

I could lower the 40+ posts if the member requesting his share show a constant sign of activity in here.

Distribution will help the community grow and also will reward the active members of this thread, so when ever an applicants has less then 40 posts i will be looking at his post record and see if he has at least been some what active in the thread.

This is how we will come to create a real working community.

So as long as people are active they will be considered.

But the accounts created after the 1st may 2014 will not be taken into consideration at all.

Listen i bought some coin in the 1200 sats in the 500 sats and in the 200 sat.

Right now the markets are frozen and the buy and sell orders are resetted which mean once the distribution will start we will be chosing our new floor by setting new sell and new buy orders higher on the market.

It is only 1M of each coins that will be distirbuted to 500 people as a first wave. If this 500 poeple limit is not reached the extra coins will be given to reward the holders.

But my idea was that, the 2nd wave would be there to reward the holders because in the 2nd wave only the people who have holded their coins and brand new applicants will receive the 2nd wave. This is a way to reward the yin yang holders and still be able to bring new members in the community.

It will be too hard for the op to individually track every yin yang holders right now because he doesnt know if these holders bought their coins recently or they been keeping them ages ago knowing most people are keeping their coins on poloniex there is no way to know who is an old holder or not.


This is why it is better to take this distribution as a reference, people who already hold yin yang coin will also be elgigible to receive a distirbution share this is for everyone not only for non holders. Then in the 2nd wave  there will be new requirements to reward people and these requirements will advantage the yin yang active members and long time holders.

Right now i only see 1 problem with this community , everyone is thinking about his amount of coins but what is the point of having more coins when the price is this low??

just be patient here

1s step grow the community
2nd step create a higher market price
3rd step reward the yin yang holders
4th step introduce more and more features

this is how this should be done there is no time for individuality right now.

I felt the same way really, many invested at 300-500 sats and have seen it drop rapidly and i fear that by distributing a few million of each coin i think it's fair to say that a good portion of that will more then likely be dumped onto the market affecting the coins already fragile position. I think i would have probably preferred no distribution at all meaning less of that would go on. I honestly feel that just the very action of taking 3 million out of circulation from each coin could have provoke new interest providing the community publicised it.

But looking at the bigger picture, I was voting for yinyang all day yesterday on mintpal and it was nice to see it slowly climb from 61 to 57. the next few steps up are quite some way off though, and if distribution can create some renewed interest and support for the coins and voting them up then i guess that it would be worth it.

Can u lower the 40+post requirement in the application form? I barely use bitcointalk but i have been holding out my yang since the first distribution. I dont want to be left out

This post from the freebies coin thread may help

Thank you buddy.

I was referring to the price a few days ago

contradiction ?

contradiction² ?

Aiding the trade volume by selling and buying, even when the price was >300s with the knowledge it was doomed to heavily drop, is helping imo. Especially because I didn't dump but kept them instead.


But nevermind, I wanted to bring up a point of my view and was hoping for some understanding. Don't want to devaluate or start criticism in a vulnerable stage of this flowering community, so i'll rest my case. I hope the best for the future and will not stop believing in this coin.

Great.

I still be there with you. 

1+

im holding 60k Yin & 3k Yang, and i agree!

I've opened one more pair of nodes on 54.201.250.195 so if someone still has sync problem adding these lines in the .conf files will help:
addnode=198.211.33.128
addnode=107.170.34.201
addnode=54.201.250.195
addnode=84.229.43.44

Am i the only one with 7mhash of power in that pool? We need more hash power at the multipool.  o_O

1-The coin price was below 100 satoshi, how do you expect it to go lower? It is going lower day after day without the distribution at this price it shouldnt be worth dumping.

2-The distribution will be done in multiple waves, in order to participate in wave 2 you will either need to have kept your coins from wave 1 or be a new applicants. This is how holders will be rewarded more then the non holders.

3-The reward you will have is the price growth, you already hold coins and once the price goes up you will be rewarded for these coins so the 5$ you put into this will reward you and not the new members from the distribution.

4-We should stop talking about the price and the investments, right now the concept of yin and yang being 2 coins is pretty unique with a total coins cap of 15M it can easily go above 4-5k sat in the markets. But for this you need a big community to support the market prices.


I hope people can be more active in this thread. It is not because you only hold a coin longer or have paid for it that you deserve to be rewarded for it, when you work and help the coin grow thats when you should be rewarded imo.

Don't get me wrong, i approve it too. I've been selling and buying yin/yang since the start to help the volume on Pol like probably many others, my latest trade was about 20K of the coins (mostly Yin) which i bought for 300 sat. Just knowing that now people (INCLUDING leechers who'll dump and earn a few $ for nothing) get 4k of the coins while I and others have paid $5 or more for that a few days ago. If the coin would sell for that price, there will sure be a lot of dumpers that'll cause a drop in price. So most likely the coins will be worth a fraction of that after the distribution as it is set up right now. I hope you understand my point of view, early investors will benefit way less than new investors since the value will go down a lot. And since all my btc is already invested in Yin/yang, i'm unable to buy any of them cheap, right after distribution. So I (and others who invested before the distribution) can only watch how their stocks will shrink in value and wait a (long?) period for them to get to the same value as it was before distribution. Quite a downside for us.

That's why it'd be great if current holders of the coin would get rewarded for their effort in some way. Right now they're disadvantaged, even when you speak of an increase in value on the long run.

This thread is becoming more alive!

On twitter the dev wrote this: New relaunch coming in a couple of days, and new thread coming! I can say that coin count will be lowered, and distribution coming!

this is getting exiting to see this much work put into this coin. I know a lot of other teams would have gave up already but we have  a strong community here.

I just noticed we are growing well in the mintpal ranking system.

i'm interested now 

to sync type addnode 198.211.33.128 onetry in your debug window

Credit goes to Ky_storm

I am fully synced now