Topic: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency - page 45. (Read 810899 times)

Thank you for taking your time to answer my questions about some financials - I get that a lot of things haven't really been sorted out and will be when its time.

- Still hoping to get some answers to my follow up questions about the update, the ones that have not been answered in the meantime of course

It seems very amazing project for the future , maybe I can join as a team if you need , I can do as Indonesian translator especially the white paper or maybe as bounty manager.

That is not really up to the Cloak team, it is up to the exchanges to implement Cloak or not. Cloak is already on Yobit, Cryptopia, and Bittrex (and probably another small exchange or too) so I can't imagine that a new exchange would make-or-break Cloakcoin.



Sorry to hear that, but coins go up and down. Cloak was just correcting from a huge boost, perhaps you bought in at the wrong time. Still though, if the market stays where it is Cloak will probably rebound again at some point.

Cloak is in the application phase of being listed on Binance. This is a huge step forward for Cloak. Being a small and self funded crypto, Cloak hasn't had the big cash to just give exchanges bitcoin to be listed. Cloak is now being listed (possibly) on merit. If the Binance listing is approved I believe this will open the doors towards other top exchanges giving Cloak a shot at being listed. However, just being listed on Binance alone will bring much larger amounts of Cash flow into Cloak like it has never seen before.

If Cloak gets accepted by Binance expect it to be announced in about 1-2 weeks from now judging on the length of time it took with other coins to be listed after the application phase.

This is arguably the biggest news for Cloak, even more so than the Audit and OS.

Since Bittrex listing years back, you guys have hardly got listed at a good exchange. Are there any other exchanges in plan?

Cloak's value has been damaged quite a lot in the past couple of months, I mean, more than my other holdings.

I would like to answer your questions:

First of all we have discussed only internal and in the CLOAK Chatroom  a while back about how the dev fund could be implemented and how the funding could be done. We have not made a final decision yet. Once our dev Deepend is done with his investigations we will provide the ideas publicly for discussion.
 
We plan to use the dev fund funds for further development, marketing & PR, sponsoring, attending conferences and events and so on. Primarily we plan to implement a voting system where the communty will be involved . Suggestions can be made and the communuty can vote for them.

Currently we do not have anyone working fulltime for a salary. The dev fund will give us the options to hire specialized staff for the tasks needed. Currently everything is privatly funded and the Team works for free in their spare time.

The HANDELSBLATT article is currently being translated into english and we will provide a link to the translated article once it is ready!

you can find a comparison chart here: http://www.cloakcoin.com

Interesting coin, this Cloakcoin.

Is there any graph to show the feature comparison with other "Privacy" and "Anonymity" coins such as zcash, Monero, PIVX and Dash?

I am also wondering about the future for Cloak, after the dev fund.

If we make a conservative estimation with 2,5 mio Cloakcoins staking and giving 1% to the fund with and average price on $20. That gives $500.000 in passive income for the first year.
 
That may sound like a lot of money, but ofc no team will ever say they can have enough money And this can also go up exponentially with the price increasing just a bit.

- But what I really just am trying to ask is - How are you guys planning to use the money? What are the cost of a dev working full time? Is Deepend even working full time at the moment?
- How are the rest of the team looking at it if ''only'' the devs are gonna be paid for their work since they are the last one joining the project, but the first one to feel it on their bank account?

So basically just wont to know in as much detail as possible how the plan for the money spending is looking !


AND when the Cloakcoin has established the fund, converted to the LTC codebase, made wallets online and on the different mobilephones, ofc this is not before 2019 if everythings goes smooth. What is the dev funds money then gonna be used for? - I know you guys probably are gonna say developing, but when I look at Cloak and where it has it focused it is very small - Privacy transactions. If all the above is developed and the products is working, then what? Are you guys then gonna go outside your box as privacy transactions and now focus on other things aswell or?

I believed with all the current news we might be a minimum of on 30-50$. Hope that this market should go green once more in April

How much ram do u have?

With wallet problems it might be easier for you to visit www.chat.cloakcoin.com and join #wallet channel for these issues.

Hi,the wallet has a bug, it turns off after a few hours I had to go back to the previous version, I use windows 10 64 bit, does anyone have the same problem?
Already repaired?

Thank you guys for the update and answers on the questions, I think we are many who appreciate this.

Really nice to see an article in a big ''in real life'' media to bring more attention to the project. That for me, really shows that this project is also starting to be taken serious in the real world and for me that just got an extra check mark for Cloak.
- Unfortunately it was written in German, but looking forward to see the english version though

The website is gonna be upgraded, any timings for that? - To be honest. I'm only looking forward to the blog implementation/news so I can easily stay updated without going through a lot of channels and posts, and hopefully getting more frequently updates from the team in an easy way to communicate.

The crypto conference in Berlin is gonna be really exciting to see how much attention you guys are gonna have, and if any partnerships might come out of this event. Hope we are getting an positive update afterwards

Tom Gridland is trying to get Cloak accepted on online stores and in different industries. Can you say anything about how far you guys are with this partnerships. Are some at a point where they will accept Cloak or is it still at a meeting phase?
- How are they looking at Cloak at the moment with so small volume, so if they actually accepted Cloak they might devalue their own wealth by selling to realize their income?
- And what are they thinking about the project is still a good half year or more to implement LTC codebase. Are they a bit retaining because they don't know how that will role out, since the new codebase still needs a test phase, audit etc etc that might cause problems and security problems for anyone using in the future, and therefor delay the hole implementation?


Looking forward to see the article from Ming Pao, and it is also really nice to hear you guys have Nele Marie Palipea helping with the chinese community, she writes really nice and knowledge generating material !



And ofc - A few month ago a member from the team had a meeting with a few devs from IOTA, and we could hear the outcome but was up to the rest of the team. So what was the outcome?

Nice to see many good things coming. I'm glad that the devs fund is the highest priority.
2018 will be the year Cloak gets so much deserved attention.

Keep up the good work

As you have seen already, the interview with the german newspaper is out. I still wait for an official release day from Ming Pao Weekly. They have mentioned the article will be published end of March. I hope it will happen the next upcoming days.