Topic: [ANN][CRB] Creditbit - ERC20 token - page 112. (Read 391259 times)

Some traders dumping the crb in livecoin.net. They dont know the real value of crb next month.

Glad you like it  


I wasn't too sure to be honest. It was really just a suggestion but looking at the various definitions of the word, I think it could work ...

http://www.thefreedictionary.com/bond


Certainly some relevancy there I think.



I think DXB2017's DEP/Deposit suggestions are very good too though.

Wooow!

CreditBond !!!!

Definetly sounds the right way!

My vote goes to that name!

Bond:

 A uniting force or tie; a link

 something that brings or holds people together; tie

adhesive quality or strength

(Banking & Finance) finance a certificate of debt issued in order to raise funds. It carries a fixed rate of interest and is repayable with or without security at a specified future date

something, as an agreement or friendship, that unites individuals or peoples into a group; covenant.

Support CRBIT on BitcoinRush! Now almost 12,000 views: https://vid.me/AHLF

I like to see Creditbit make big steps day by day! When all announcements become reality, $1 will be the minimum.

https://icotimeline.com/creditbit/

I think it needs a word (or words) that people can generally relate to; something positive that implies solidarity and security rather than risk and uncertainty (I think 'staking' implies 'betting' or risk-taking).

I'm thinking something like CreditBond maybe?

'Bond' is a positive word that implies security, trust and bonding/adhesion (ie 'sticking' together).

I think it needs a word (or words) that people can generally relate to; something positive that implies solidarity and security rather than risk and uncertainty (I think 'staking' implies 'betting' or risk-taking).

I'm thinking something like CreditBond maybe?

'Bond' is a positive word that implies security, trust and bonding/adhesion (ie 'sticking' together).

What should be the name of Staking process, should we change it to something else or leave it as it is?

Dear Community,

we already described Proof of Trust/Pawn concept of locking coins, that is a prerequisite for participating in voting and distribution systems. CreditGAME is one way of distributing newly minted coins in locked or unlocked state. In this post we would like to describe a second distribution system - Staking.

STAKING
If you are familiar with Proof of Stake concept, then it would be very easy for you to understand this distribution mechanism. The main difference is, that staking is not automatic and not linked to confirming transactions or consensus algorithm - the only prerequisite is locking tokens (PoT/P) for a longer period. With this lock you are automatically given the right to contribute to the CreditDAO with proposals or votes that your locked coins present. For reward of participation you will get the opportunity to claim your staking reward - interest.

Interests will be calculated on variable algorithm based (which will be published in advance) on the length of the stake, or in other words, the Trust you have put into Credit2 project.

So to be exact:

Owners of tokens will have an opportunity to lock a certain amount of their tokens for a longer period for the purpose of staking - this will be possible through dapp, mist or other similar wallets.
After each minimum time period, an owner can trigger a calculation of Staking award, that will be added to his balance.
When the lock time will end, owners will be able to reclaim their staked coins or lock them for another round.

Now we have two questions for our favorite community in whole crypto - you.

What should be the name of Staking process, should we change it to something else or leave it as it is?
What do you think, which % of the reward should be the highest and which the lowest? (If the percentage will be too high, the price will suffer and if too low, nobody will lock the coins to participate in the CreditDAO.)


Hope to hear the propositions from you soon….