Topic: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digital Currency - page 46. (Read 810899 times)

We wonder if the wallet upon livecoin will certainly ever become enabled once again. I'm truly interested in the actual project as well as bought a few CloakCoins

"about staking: In the whitepaper there is a good explanation of what to expect from staking and how often one will stake. If someone holds 1% of all CLOAK this one would likly stake 1% of all blocks. We have 1440 block /d (1 min block time) 1% of that is 14x staking on avg. if someone holds a few hundred cloak they will stake likly less blocks daily."

This is an estimate how many times you can expect staking rewards when you have x amount of coins. Current supply is 5.1 Million CLOAK
you can estimate easily how many % of that supply you hold and we have 1440 block / day (blocktime 1 minute)

This is how much you need to have coins to get a bet every day? Share calculations!

Despite your questions we had planned to post a status report on Monday.
These are fully justified questions, which we are happy to answer to the best!

Have a nice weekend

Hi Cloak team,

I have a few questions I’m gonna put out here on the thread instead of the two chat channels where most people probably not gonna see them and the answers.

First of all, when you announced that Cloak applied for Binance, why didn’t you also say it could take up to 3 month?
– In my world it is a bit misleading, without actually misleading people, by just keep such info not told. Could be nice to show more openness so to speech. Or maybe it is just me…..

A few month ago the ENIGMA got uploaded and later on the live version got released. From my understanding, the team is still have some small issues/improvements to make on it before moving on to other things on the roadmap. Can you tell a little more about which things we are talking about and when this can expect to be done? (roughly)

The dev fund, I guess, is the next thing to be developed after the above – Have the team found a solution to this, in this case – Which? And when should be expect start/finish of this (Q2/Q3?)

We were also told about article here in march for a big German newspaper?
An article for one Hong Kong?

Is the website finish with its ‘’make-over’’ or does it have a long way to go? – Any expected finish?

And last (but not least for US ‘’the community’’) a blog from the Cloak team to keep us updated, when will this come so anyone actually can keep her/himself updated without keep reading ALL posts in this tread?

Also – We were told you guys were in contact with ‘’known crypto enthusiast with reputable name to help promote Cloak’’ – Who or have ‘’they’’ already promoted (Jsnip4?) and is this the same person as we got info about a crypto vlogger?

The partnership with an journalist/blogger - Is this Nee Maria Palipea or someone we don't know yet?

Raspberry PI - When will we see a compiled version and video guide for this?


I think we are a lot who are looking forward to the answers.

Thanks !

Cloak still alive? many weeks gone even not any 1 update from developer that what is going on??? just price going down after pump and then dump just this happening and nothing more reality

.... and the "Report to moderator" function.
There are a lot of bots around here in the last days

first of all staking (minting) means not just getting a reward, the reward is paid when you find a block and secure the blockchain by doing this. For this you provid the balance of your coins in the wallet to the network.

You can get max. 6% of your balance per year in staking rewards. e.g. you hold 100 cloak you can expect 6 cloak rewards after 1 year. This doesn t matter whether you stake 24/7 or you you stake these 100 cloak after 1 year. What counts is the coin age which increases as long as the coins are not moved or staked. When you stake 24/7 you will get many small amounts.

basically oyu only need 1 cloak but a good amount to start with is 100 cloak

The more cloak youhold the more you stake but you never get more tahn 6% of the balance you hold / year. That's simple %-maths then.

I read your threads repeatedly. Something I do not really understand and hope you can explain a little bit.
1. Does it mean staking rewards will depend on staking weight, which in turn depend upon total number of coins in the wallet?
2. Does required time needed before wallet activated to stake also depends on total number of coins in the wallet?

Thanks for your help in advance.

Same here, all with negative feedback. Guess the "ignore" button exists for a reason...

Quit spamming all the threads. Seen this post today at least 10 rimes

The more you have the more you can stake. you always get 6% / year.

If you have 100 cloak you get 6 cloak / year if you have 1000 you get 60 cloak / year

simple % maths.

how much i need for staking ?

Yes... fixed for me. Cheers! 

Seren8

it seems to work again, looks like github had an issue.

*SOLVED*

We investigate this ....

Trying to download CloakCoin_Qt_win_x86_v2.1.0.0.evolution.zip from github and either get a small faulty zip file or a page stating

"Loop detected on cache-lcy19230-LCY: TuFMEtJVICCO9h0Zpde/N9L9b7tugV9xeSSEt9M0!LCY!cache-lcy19230-LCY"

Happens on multiple computers.

Anyone got a clue?

I am not a member of the dev team, just offering some advise.

Staking works just fine here as I'm sure many others are staking as well. Sounds like your on your own little fork. And, I've run CLOAK wallets since 2014. This is not official advise but, in situations like this, deleting the blockchain data and peers.dat then restarting the wallet so it can redownload the chain usually fixes the problem. Happens quite often when upgrading wallets that have been running for long time when a new one is released. Backup your wallet.dat file first and don't delete it with the blockchain files. Resync will take a while. Oh and, make sure you are actually running the updated wallet not the old one.

An easier approach would be to totally delete everything associated with the CLOAK wallet EXCEPT wallet.dat, save that in a safe place, and do a fresh install of the new wallet. Make sure Windows put the wallet executable in the same place it was before. I assume you are using windows....

I forward this to the dev team.

can take up to 3 months ....