[ANN][CRB] Creditbit - ERC20 token - page 77.

DXB2017

sr. member

Activity: 434

Merit: 250

Quote from: CreditBit-dev on April 21, 2017, 12:46:04 AM

Quote from: DXB2017 on April 20, 2017, 04:22:58 PM

Dev team,is my math right?

Your understanding of percentages is right, but let us rephrase the whole thing. To reach an optimum annual staking reward (12% p.a.), you should lock your CRB Tokens for at least 2102401 blocks (1 year). There is no compound interests, when you claim your creditBOND reward, linear interests are calculated and returned, staking period is adjusted accordingly. Whole process is explained in detail in Whitepaper.

Thanks for confirm it! Time to lock for 12 months for 12%!

bigmo

member

Activity: 96

Merit: 10

Quote from: Panther66 on April 21, 2017, 02:01:15 AM

Hi bigmo!
It is great to have guys like you on CRB board... great job!
There is my donation of 1000 CRB (please check). Community should work together...we have a great token wit CRB.
I am looking forward to more news from you. We have a great token here

Hi man!
I´m happy to contribute here because you guys have a great product and great team, which is alway please to work with.

Thank you very much for the donation, really appreciate this! I will make sure do as much for Credibit as I can do.

I´m working now on press release covering the TREZOR support and the staking feature. I´m sure it can bring quite a lot of interest about Creditibit.

Panther66

newbie

Activity: 11

Merit: 0

Hi bigmo!
It is great to have guys like you on CRB board... great job!
There is my donation of 1000 CRB (please check). Community should work together...we have a great token wit CRB.
I am looking forward for more news from you. We have a great token here

CreditBit-dev

member

Activity: 105

Merit: 10

Quote from: DXB2017 on April 20, 2017, 04:22:58 PM

Dev team,is my math right?

Your understanding of percentages is right, but let us rephrase the whole thing. To reach an optimum annual staking reward (12% p.a.), you should lock your CRB Tokens for at least 2102401 blocks (1 year). There is no compound interests, when you claim your creditBOND reward, linear interests are calculated and returned, staking period is adjusted accordingly. Whole process is explained in detail in Whitepaper.

DXB2017

sr. member

Activity: 434

Merit: 250

Quote from: LowByter on April 20, 2017, 05:59:43 PM

New video uploaded:

https://youtu.be/F_2dEmTI3a0

This one shows you how to deposit CreditBit to Livecoin.net exchange from Ethereum Wallet!

Thanks.
keep coming.
community support this guy with some CRB!

LowByter

sr. member

Activity: 350

Merit: 250

New video uploaded:

https://youtu.be/F_2dEmTI3a0

This one shows you how to deposit CreditBit to Livecoin.net exchange from Ethereum Wallet!

DXB2017

sr. member

Activity: 434

Merit: 250

from 1 to 175200 blocks (a month) - 1% yield per year its come 0.08% for 1 month

from 175200 to 525600 blocks (3 months) - 3% yield per year its come 0.75% for 3 month

from 525600 to 1051200 blocks (6 months) - 6% yield per year its come 3% for 6 months

from 1051200 to 2102400 blocks (1 year) - 8% yield per year its come 8% for 1 year

from 2102400 to 4204800 blocks (2 year) - 12% yield per year its come 12% for 1year +

Dev team,is my math right?

I am sure i will lock CRB for 12%. This is best offer if you ask me..but its me guys, you can do what you want ,lock or not lock at all .

LowByter

sr. member

Activity: 350

Merit: 250

Done

DXB2017

sr. member

Activity: 434

Merit: 250

Quote from: LowByter on April 20, 2017, 03:42:40 PM

Quote from: Fourwinds117 on April 20, 2017, 03:07:16 PM

Great, thanks!

Also, when adding number of blocks use this table:

4 blocks = 1 minute

240 blocks = 1 hour

5760 blocks = 1 day

40320 blocks = 1 week

172800 blocks = 1 month (depends on the month)

2102400 blocks = 1 year (depends on the year)

It would be good to choose number of blocks and type them down somewhere ,check the duration a couple of times, then copy them to the smart contract so you don't mess up, adding one digit more in the wrong place extends the duration dramatically... Shocked

add % for each to see how much each bring Wink

LowByter

sr. member

Activity: 350

Merit: 250

Quote from: Fourwinds117 on April 20, 2017, 03:07:16 PM

Great, thanks!

Also, when adding number of blocks use this table:

from 1 to 175200 blocks (a month) - 1% yield per year

from 175200 to 525600 blocks (3 months) - 3% yield per year

from 525600 to 1051200 blocks (6 months) - 6% yield per year

from 1051200 to 2102400 blocks (1 year) - 8% yield per year

from 2102400 to 4204800 blocks (2 year) - 12% yield per year

It would be good to choose number of blocks and type them down somewhere ,check the duration a couple of times, then copy them to the smart contract so you don't mess up, adding one digit more in the wrong place extends the duration dramatically... Shocked

job555

newbie

Activity: 10

Merit: 0

Thanks too everyone who's writing so good news

DXB2017

sr. member

Activity: 434

Merit: 250

Quote from: LowByter on April 20, 2017, 02:47:00 PM

Quote from: Fourwinds117 on April 20, 2017, 12:21:01 PM

Ok, i have myetherwallet, but i want to switch to ether/mist for locking. I am way behind on tech. Do i download Ethereum-Wallet-win64-0-8-9.zip and Mist-win64-0-8-9.zip or just one of those? Thanks for the help? And do i also need mist installer?

Use Ethereum Wallet, sync it and send from myEtherWallet.

Then add with token and watch contract per instructions here:

https://www.creditbit.org/tokenGuide.html

Then to lock just look at my video:

https://www.youtube.com/watch?v=vhuARizzBa0

Also be sure that you have a small amount of Ethereum for the gas.

Guys always first lock 10 CRB maxx to test it...then lock rest!
i sugest lock for 12% since this CRB project will be long so you can get maxx out. big stuff coming after all roadmap 2 reliese! there will be roadmap 3.

2102400 blocks = 1 year (depends on the year) This give you 12% year, so 1 % a month. Crazy good!

DXB2017

sr. member

Activity: 434

Merit: 250

Quote from: LowByter on April 19, 2017, 06:20:04 AM

I made a short video on how to lock your stock of CreditBit with Ethereum Wallet for the duration of one year (to achieve 12% interest) :

https://youtu.be/vhuARizzBa0

I plan on adding more videos with all the functions of CreditBit so if you're feeling generous you can support the channel with CreditBit or Eth to this address:

0xefD5E2e949a75c30397C512CF8F7862B389cbcFB

big thanks and much respect to CRB holder LowByter for all videos. please keep good work. I am sure CreditDAO need guys like you are! Thanks ...Community support this guy!

Fourwinds117

member

Activity: 102

Merit: 10

Great, thanks!

LowByter

sr. member

Activity: 350

Merit: 250

Quote from: Fourwinds117 on April 20, 2017, 12:21:01 PM

Ok, i have myetherwallet, but i want to switch to ether/mist for locking. I am way behind on tech. Do i download Ethereum-Wallet-win64-0-8-9.zip and Mist-win64-0-8-9.zip or just one of those? Thanks for the help? And do i also need mist installer?

Use Ethereum Wallet, sync it and send from myEtherWallet.

Then add with token and watch contract per instructions here:

https://www.creditbit.org/tokenGuide.html

Then to lock just look at my video:

https://www.youtube.com/watch?v=vhuARizzBa0

Also be sure that you have a small amount of Ethereum for the gas.

Fourwinds117

member

Activity: 102

Merit: 10

Quote from: Fourwinds117 on April 20, 2017, 12:21:01 PM

Ok, i have myetherwallet, but i want to switch to ether/mist for locking. I am way behind on tech. Do i download Ethereum-Wallet-win64-0-8-9.zip and Mist-win64-0-8-9.zip or just one of those? Thanks for the help? And do i also need mist installer?

I went with mist installer, looks like the presentation lol

Fourwinds117

member

Activity: 102

Merit: 10

Ok, i have myetherwallet, but i want to switch to ether/mist for locking. I am way behind on tech. Do i download Ethereum-Wallet-win64-0-8-9.zip and Mist-win64-0-8-9.zip or just one of those? Thanks for the help? And do i also need mist installer?

DXB2017

sr. member

Activity: 434

Merit: 250

Quote from: LowByter on April 20, 2017, 06:25:57 AM

Another video is up:

https://youtu.be/KS0-jy-jrRA

This one shows how to properly select and send CreditBit to someone from Ethereum Wallet.

More videos coming!

Thanks for great support for CRB!

JabirJac

newbie

Activity: 42

Merit: 0

Quote from: Bagwell on February 03, 2017, 02:42:16 AM

Quote from: CreditBit-dev on February 02, 2017, 04:10:53 PM

Hello guys,

development team had some conference meeting today and we discussed mainly on the future development topic. We ran through main milestones of development, defining two parallel tiers. The first one is covering Ethereum Smart Contracts development, and the second one is about support systems, documentation, design and apps.

Smart Contract Tier:

March 8, 2017 - CreditBit - Main Smart Contract, introducing an ERC20 compliant Ethereum token and several other features
By the end of April, 2017 - Release of CreditGAME Smart Contract
Start of June, 2017 - Release of CreditDAO Smart Contract
TBA: CreditIDENTITY and CreditBAY

Supporting Tier:

March 1, 2017 - Release of the new redesigned website, enabling the migration
March 3, 2017 - Whitepaper release
March 8, 2017 - start of migration to the Credit 2.0 platform parallel with release of Creditbit token
In the middle of May - Release of the first DAPP

We will publish some graphics about this roadmap tomorrow on this forum. BitcoinRush is also publishing some new material, follow him on Twitter: https://twitter.com/bitcoin_rush

Dev-team

Great job! We have to wait just one month and everythig will be changed! Crazy! Cant wait to see new updates done! And the price keep rising!!!! Hohoho

yes with wait and good patience you will find the way and then that will be your memorable victory.

LowByter

sr. member

Activity: 350

Merit: 250

Another video is up:

https://youtu.be/KS0-jy-jrRA

This one shows how to properly select and send CreditBit to someone from Ethereum Wallet.

More videos coming!

Topic: [ANN][CRB] Creditbit - ERC20 token - page 77. (Read 391259 times)