Topic: [ANN][1000 SYNC] Proof of Stake now run by BLOCKCHAIN DEVELOPMENT COMPANY - page 58. (Read 816006 times)

Get to 3 b/f the next period starts at midnight on Thursday.

Price going up,that's promising...what loss unless u brought at peak, always accept loss.

At page http://syncfund.com/stake/stake.html i read:


If you do not know the message how you can verify signature?
I use command line and I have signed message with command like:
gnu/linux@prompt$ Syncd signmessage SMYADDRESS "MY message ecc. ecc."
And I have  signature ...
Now, how I can verify signature without the message?
Regards

Any hope for us holding 1 or 2 Sync or should we just accept the loss?

I can also confirm that I received the BTC payout.

So no more domain profit sharing?

Full details on the program beginning the 21st at Midnight. Note that ALL current program members need to apply to the new program.

Sync Rental Program

The Sync Foundation/Facefire, Inc. is proud to announce that the Sync Rental program is expanding to include all coins in circulation.
Translation is that anyone with at least three coins is eligible to enroll and rent their wallet at any time.

Further, the Foundation has removed the cap or maximum on the number of coins owners can rent – only a minimum requirement of three. 

So, for example, if you are staking nineteen coins, you can rent all nineteen to the Foundation.

How it Works
Owners enrolled in the program are paid every 45-90 days for coins staking on the network.

Closing Date
Payment for each period is determined by the number of coins in each wallet on the “Closing Date” – chosen at random every 45 to 90 days (helps insure there is no market manipulation).

First “Closing Date” is scheduled for November 20, 2014 at 11:59pm CDT - at which time these new changes will take effect.
“Closing Date” also signals the beginning of the new “Lease Period” as well as the moment when the number of coins in each registered wallet is “locked” into the system.

Lease Period
During the “Lease Period”, all renters must stake the number of “locked” coins established on the Closing Date for the duration to be eligible for payment.

“Lease Period” officially ends at the next “Closing Date” (45 – 90 days).

All payments for the ended period are then sent to you, the vendor, at that time.

Moving or selling those coins during the Lease Period nullifies the lease agreement and you forfeit rental payment.

Payment
Renters are paid in Bitcoin around the Closing Date – every 45 to 90 days.

Program Summary
The Sync Rental program is laid out as follows:

I. Open Enrollment
1. Three Sync coins staking is the minimum to qualify/remain active
2. No maximum
3. Signed, submitted application

II. Closing Date (Every 45 to 90 Days)
1. Number of coins in each registered address is “locked” for the period
2. Payment for previous period sent
3. New Lease Period begins

III. Lease Period (Duration 45 to 90 Days)
1. Renters must stake the number of coins “locked” on the Closing Date for the full period to be credited.

Note that coins are not actually “locked” – it is the number you agree to stake for the Lease Period (and which we record). Falling below that number disqualifies owner from payment.

Adding to the number of coins in your wallet during the Lease Period will not increase rental payment – the new total will be valid and locked in on the next Closing Date.

Regular Giveaways
The Foundation will also hold regular giveaways of coins, products, miles, event tickets and more for Renters with the winner chosen randomly by a system algorithm. The more Sync you have locked in, the higher your odds of winning.

First giveaway is 10,000 Sync Miles – a $500 value!

Program FAQs

How is ‘Rental Rate’ determined?
Various factors play into the “Rental Rate” including the price of Sync and Bitcoin, asset sales, profits, budget, development and more.
For the same reasons, renters should expect varying rental amounts over the course of a year.  Rates are subject to change, subject to the health of the Foundation, the coin, inflation, number of coins in the Program, etc.
Individual payments are not indicators of future performance.

Is there a cap on spaces?
There is no cap on the number of spaces in the program beyond the overall supply of the coin itself. As long as you are staking at least three coins, you can enroll at any time. If you have the coins, there is room, it is open enrollment.

Do I have to stake 24/7?
No, you can turn off your “miner”, give your PC a rest. Remember though, staking is profit so if the PC is on, you might as well stake.

Do I get to keep staked coins?
Yes, we are renting your wallet to bring stability, security and decentralization to the network. You keep your minted coins.
 
How do I enroll?
ALL current Whale and Rental members plus anyone new must submit the application located at http://syncfund.com/stake/stake.html
You are required to enter your Sync and BTC addresses plus confirm your email. We also ask you ‘sign’ your application with your wallet, confirming ownership.

I am an existing Whale/Renter, do I need to reapply?
Yes, any and all program members must submit a new application. Apologies but this due, in part, to program management and the new system integrated. We also now require members confirm wallet ownership via signature.

As a current Whale/Renter, how will I be paid on November 20th?
These new rules will take effect on the 20th which means the previously established guidelines will be used for the first payment.
Former ‘Profits’ members still staking will be compensated for three coins while Whales will be given credit for up to 15 Sync.
New members registered within the last 60 days will not receive payment for this first payment round.

My coins are spread over multiple addresses, what do I do?
Simply submit an application for each address in your wallet to cover all your coins.

What if I leave the Program, can I re-enter?
Yes, Renters can leave at any time by moving/selling their Sync. If in the future they want to re-enter, they can apply as before for inclusion.

Ok - so i got a slight fright when on twitter - i see that everyone who was previously in the 'rewards program' now called wallet rental needs to re-register.

I read and understand everything there:

http://syncfund.com/rental.html

Apart from one thig. Forgive my n00bishness but how do i sign from my wallet?

EDIT: Now at home, turned on the wallet.. it looks straightforward. Think i got it!

Do I need to re-register when I'm already in the profit club?

Did you check in the blockchain explorer that you indeed show to have 3 SYNC?
If so, 0.15... BTC should have been transferred into the BTC address that you registered,
but better send an email to sync fund if that did not happen (after checking).

Can't check til after work.. but I am also registered.. 3+ holder and staker. Lets see later.

Nice to see some positive action though.. perhaps I'll be more inclined to stake more and hold longer.

I didnt get anything and im 3+ registered holder.

Agreed and patience has paid off - this is more than 10% of current value of the coin,
so if the monthly rental will continue, it is easy to see the returns.
Not to mention that if Mike sells "isla.com" then we might receive a payout that is even
HIGHER than the entire value of the coin today, so I think I am going to HODL.
BTW, payment was 0.05176 BTC per SYNC,
presuming that I was paid for standard profit share,
being a 3+-SYNC holder and registered member.

I can confirm that I have received BTC payout of $20/coin!


Great job Foundation!

Proof of Concept

Well done.  Looks like SYNC is delivering again.  I'm glad to be a part of it...

+2

 

http://www.thedomains.com/2014/11/17/schoolloans-com-1st-domain-name-sold-for-the-cryptocurrency-sync-coin/
 

For the rental program how and when are we getting rewarded for being in the program? i thought that it would get going in November (aka now). Is the reward going to be in the coloured coin thing? Just wondering

I lost my SYNC on mintpal 2.0 scam, some faucet or giveaway available?