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Topic: [ANN] Zclassic, Zcash Fork No Premine, No 20% Founders Tax - page 29. (Read 339756 times)

sr. member
Activity: 896
Merit: 290
NO, Zclassic was not a free coin / hardfork for Zcash users.. it was a code fork and a totally new coin that did NOT inherit ZEC transactions/UTXO

it only inherited the code MINUS the founders' tax, premine, slow start..


Hi, I've found this thread reading BlockchainForums, it's discussed there in relation to Zcash and Zencash https://blockchainforums.info/topic/388/zencash-vs-zcash-all-you-need-to-know/4

I was surprised by "20% Founders Reward is removed."
So really ZCash founders have 20% of ZCash (or had in the beginning)
For me that's a lot, especially considering the price of ZCash!
Definitely ZClassic has a room to grow!

iM sad but not surprised that the wikipedia article was removed, but there's a latest copy of it here, right before unfair DELETION: http://web.archive.org/web/20180322010119/https://en.wikipedia.org/wiki/Zclassic

Quote
Zclassic started as a fork of Zcash on November 5, 2016, eight days after Zcash's own release.

At launch, the only differences between them was that Zclassic waived the 20% miners fee for its founders, and supply was not artificially limited at its creation (i.e. no "slow start" for blocks). Zclassic kept the same defining parameters of Zcash, such as the use of the ASIC-resistant equihash timestamping scheme, and a total supply of 21 million units.


Great, thanks for additional info!
I didn't know that the difference was only 8 days. So probably Zcash owners do not have Zclassic amounts? (Like in Bitcoin Cash fork every Bitcoin holder receive same amount of Bitcoin Cash)..

So it pretty much just piggy backed of Zcash's name and toted the idea of a fair distribution even though that doesn't make it anymore viable to institutional investors.

Zcash got listed on gemini yall, institutional investors want to invest in projects where they know there are companies and organizations behind the open source project that will ensure it's growth.
legendary
Activity: 1497
Merit: 1019
Eloncoin.org - Mars, here we come!
I think zclassic has an announcement at the end of the month , it 's supposed to be big , maybe binance

Hey! What could be more than a Binance Huh With this  exchange ZCL fly to the moon. Zcl promising coin! I plan to buy for $ 8 a good price)
hero member
Activity: 1316
Merit: 514
I'll wait for it to go down a little before buying in again. I'm expecting it to go down and will do swing trade

Zclassic is a great coin indeed. Being fork twice I think. But for now, price is very high for a start. I'll probably wait too, just like you before I buy more zclassic. It will be pulled down up to $7 dollars again before be pump to as high as $100 dollars again. Just be cautious on buying zclassic.

You shouldn't buying this crap. this is a scam coin that only been made to enrich the developers and dupe his supporters. They just waste everyone's trust that been given to them by the crypto community.
legendary
Activity: 1834
Merit: 1520
One question I have to ask, when zcash being like a scam and unstable as hell how do you expect it's fork becomes successful?

How is ZCash a scam and unstable?

Yesterday, Gemini announced support for ZEC. This is a huge news for it.

https://bitcoinmagazine.com/articles/boost-privacy-cryptocurrency-gemini-announces-support-zcash/

This fork of ZEC though, is useless.
newbie
Activity: 11
Merit: 0
One question I have to ask, when zcash being like a scam and unstable as hell how do you expect it's fork becomes successful?
full member
Activity: 448
Merit: 100
I'll wait for it to go down a little before buying in again. I'm expecting it to go down and will do swing trade

Zclassic is a great coin indeed. Being fork twice I think. But for now, price is very high for a start. I'll probably wait too, just like you before I buy more zclassic. It will be pulled down up to $7 dollars again before be pump to as high as $100 dollars again. Just be cautious on buying zclassic.
sr. member
Activity: 588
Merit: 251
EVOS
Soon we will be in Binance  Wink and other great exchanges await  Smiley Smiley

Nothing itself expectations. This is a very strong statement and if this really happens, then the coin seemed to fly into space, live on the moon. For the sake of this event is to buy more coins.
newbie
Activity: 2
Merit: 0
Soon we will be in Binance  Wink and other great exchanges await  Smiley Smiley
legendary
Activity: 1526
Merit: 1003
ZCL very limit supply which is very good for inflation in price, just need to keep on holding it

That is fact supply of this coin is very limited but you can't deny the reflection of Rhett on the growth and how he is ruining the image with epic pump and dump. It's good strategy to keep watching and buy low and sell during the pump.
newbie
Activity: 1
Merit: 0
Please for the love of god get ZCL listed on Binance. Currently by using Whattomine.com metrics , ZCL is the best equi based pow to mine with most Nvidia cards. Only problem is the crypto exchange that I use, and a vast majority of crypto-traders use, has not listed y'all yet, despite y'all being a prominent Alt-coin.

Do all of us crypto-traders/miners a favor and get ZCL listed on Binance using their listing form: https://[Suspicious link removed]/forms/jwjm8SClOYEuC8hr1
jr. member
Activity: 193
Merit: 2
Hi, I've found this thread reading BlockchainForums, it's discussed there in relation to Zcash and Zencash https://blockchainforums.info/topic/388/zencash-vs-zcash-all-you-need-to-know/4

I was surprised by "20% Founders Reward is removed."
So really ZCash founders have 20% of ZCash (or had in the beginning)
For me that's a lot, especially considering the price of ZCash!
Definitely ZClassic has a room to grow!

iM sad but not surprised that the wikipedia article was removed, but there's a latest copy of it here, right before unfair DELETION: http://web.archive.org/web/20180322010119/https://en.wikipedia.org/wiki/Zclassic

Quote
Zclassic started as a fork of Zcash on November 5, 2016, eight days after Zcash's own release.

At launch, the only differences between them was that Zclassic waived the 20% miners fee for its founders, and supply was not artificially limited at its creation (i.e. no "slow start" for blocks). Zclassic kept the same defining parameters of Zcash, such as the use of the ASIC-resistant equihash timestamping scheme, and a total supply of 21 million units.


Great, thanks for additional info!
I didn't know that the difference was only 8 days. So probably Zcash owners do not have Zclassic amounts? (Like in Bitcoin Cash fork every Bitcoin holder receive same amount of Bitcoin Cash)..
sr. member
Activity: 460
Merit: 250
I'll wait for it to go down a little before buying in again. I'm expecting it to go down and will do swing trade
legendary
Activity: 1120
Merit: 1001
I think zclassic has an announcement at the end of the month , it 's supposed to be big , maybe binance
hero member
Activity: 1708
Merit: 553
Play Bitcoin PVP Prediction Game
zclassic is dead ? sell it or stay more? Huh Huh Huh Huh

this coin is dominated by bots, they are going to expel all the real buyers and to be left bots operating at the price that you want.
It is the worst currency there is, I am at a loss of 50% of the money. But I already knew the risk and invested little, but it is the last time I invest, because if they buy they will lower the value even more! Stop buying the coin! because every time they buy more they will lower the value.

according to her chart, it's likely to be down to $ 7.

Even the bots are eventually run by humans. Just set clear price goals, put your order on the books and either it gets executed or it doesn't. Not worth nothing with it the whole day if a lot of bots are involved.

True here, but sometimes the bot trading is really annoying. The fact alone that you know that there is a bot sometimes makes you not trade at all.
jr. member
Activity: 244
Merit: 1
Buy the rumor, sell the news.. Alrighty then! ZCL just got added to Changelly and ledger nano s and there's a rumor that there is a interview this Sunday in regards to a new ZCL fork... So if Monero can fork out 4 new projects over night, I'm pretty Zclassic can squeeze another out another golden egg.

But what is the reason for even fork the whole thing to then build something more valuable? Shouldn't people get bored even more with every single new fork popping up out of nowhere?

Exactly this is how speculation is described.
Some coins are serving just speculating purposes only .
I can say the most of them right now.
No ideology or vision for freeing the transactions worldwide like the first btc idea.
Just a money making machine for the very few "smart" devs
legendary
Activity: 1064
Merit: 1001
ZCL very limit supply which is very good for inflation in price, just need to keep on holding it
jr. member
Activity: 193
Merit: 2
Hi, I've found this thread reading BlockchainForums, it's discussed there in relation to Zcash and Zencash https://blockchainforums.info/topic/388/zencash-vs-zcash-all-you-need-to-know/4

I was surprised by "20% Founders Reward is removed."
So really ZCash founders have 20% of ZCash (or had in the beginning)
For me that's a lot, especially considering the price of ZCash!
Definitely ZClassic has a room to grow!
sr. member
Activity: 728
Merit: 250
Buy the rumor, sell the news.. Alrighty then! ZCL just got added to Changelly and ledger nano s and there's a rumor that there is a interview this Sunday in regards to a new ZCL fork... So if Monero can fork out 4 new projects over night, I'm pretty Zclassic can squeeze another out another golden egg.

But what is the reason for even fork the whole thing to then build something more valuable? Shouldn't people get bored even more with every single new fork popping up out of nowhere?
sr. member
Activity: 798
Merit: 252
zclassic is dead ? sell it or stay more? Huh Huh Huh Huh

this coin is dominated by bots, they are going to expel all the real buyers and to be left bots operating at the price that you want.
It is the worst currency there is, I am at a loss of 50% of the money. But I already knew the risk and invested little, but it is the last time I invest, because if they buy they will lower the value even more! Stop buying the coin! because every time they buy more they will lower the value.

according to her chart, it's likely to be down to $ 7.

Even the bots are eventually run by humans. Just set clear price goals, put your order on the books and either it gets executed or it doesn't. Not worth nothing with it the whole day if a lot of bots are involved.
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