Topic: [ANN][CRB] Creditbit - ERC20 token - page 98. (Read 391259 times)

Livecoin? From or TO Livecoin? You should create an independent Ethereum account, I really hope you haven't send CRB's to Ethereum account on Livecoin! Or did you?

Dev Team

It is OK, also Exchanges will migrate CRBIT coins to CRB Tokens automaticly. This problem is also fixed.

I think its all up to livecoin.net!
You need to ask them,they need to fix wallet,etc.
but i think after migration stop,we can all go and trade only new crb tokens on all exchanges where they will replace it and new exchanges add it.

Hy dev team!
Very good work

I have Q----- when will be transaction froma Livecoin enabled? I cant send Creditbits!

thny!

I look forward to launch the trading of the new Creditbit Ethereum token!!
Price will go up for sure after trading launch!

Wow,thanks dev team..
I am ready for 12%! LOL

TRANSACTION, LOCKING, CLAIMING CREDITBOND REWARD UNLOCKED

Dear CreditBit Community,
we finally made it, we unlocked all the remain functions. This is the last step of migration, from now on till April 8th, 2017 the migration will continuously run.

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

Before you start using these functions, please READ THE FOLLOWING TEXT. Understanding of locking mechanism and claiming CreditBOND reward is crucial for proper use. There is no second chance, we are NOT able to help you, if you lock your Tokens by mistake or by making poor decisions.

LOCKING

BLOCKS

In Ethereum Blockchain, approximately every 15 seconds a new block is found. This metronome can be converted to 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)

Locking for N blocks

Locking time period is measured in blocks. Locking for 500 blocks means locking for approx. 125 minutes. Locking for a 1.000.000 blocks means locking for approx. 173 days. Please calculate other time frames accordingly.

LOCKING

To lock your Tokens you must follow the procedure explained in a tutorial.

You can lock any amount of Tokens (1 is a minimum) anywhere from 1 block to 4204800 blocks (approx. 2 year period). Please think twice before locking your Tokens for a longer period, as it can't be undone. We suggest you to test locking for a shorter time (small amount of blocks) first before going for longer periods.

Locking period resets each time you lock any amount of tokens. So if you lock 5 Tokens for a month, and lock another 5 tokens after 15 days for a year: you will have 10 tokens locked for a year. Please be careful when re-applying lock! If you need to lock another batch of Tokens, we suggest opening a new Ethereum account and transferring second amount of Tokens there, where they can be locked independently.

CREDITBOND YIELD (AWARD)

With locking your Tokens you will be able to collect yields from CreditBOND Smart Contract. But be sure to understand, how the yields are calculated first.

Yields depend on the locking period:
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

CALCULATING CLAIMED BOND YIELDS (AWARDS)

To claim Bond reward after locking, you must follow the procedure explained in the tutorial.

You can claim the Bond Reward before locking period runs out. You will obtain proportional share of the Reward, according to blocks passed between locking and claiming. You will not obtain locked Tokens, as the locking period is not over yet. With claiming your awards too often you will lose small percentage of reward due to rounding.

If you claim the Bond Reward after locking period is over, you will obtain a Bond Reward for a full number of blocks elapsed from the time of locking till the time of claiming (not only to the end-locking block). Also your Tokens will be unlocked and returned to your Wallet.

EXAMPLE:

Someone locks 100 CRB for 1.500.000 blocks. Yield for this period is 6%. If he claims a reward after 500.000 blocks, he will obtain the following reward:
100 CRB * 0,06 * 500.000 / 2102400 = 1.4269... CRB (approx.)

If he claims his reward again after another 1.200.000 blocks, locking period will be over by then. Therefore, he will obtain the following reward:
100 CRB * 0,06 * 1.200.000 / 2102400 = 3.4246... CRB (approx.)
and the original amount of locked Tokens: 100 CRB

In total, he will obtain 4.8515...CRB, almost the same as he would claim his reward once:
100 CRB * 0,06 * 1.700.000 / 2102400 = 4.8516... CRB
Difference if the result of rounding.

The CRB Dev Team

Thanks for info!

nice info romanekras, thank you

Dabtc.com Releases Creditbit China White Paper
As the first round of Migration slowly comes to an end, Creditbit is seeing more traction than ever. Now that Creditbit is busy with concluding the successful first round of Migration, more good news came from China. The recently launched Creditbit whitepaper has been translated and now available for the Chinese Creditbit community members and enthusiasts to go through at Dabtc.com.Read more

Yeah Poloniex and Kraken would be top

Its time to get Creditbit to Poloniex .
As you can see altcoins time is coming.

Bitcoin's marketcap dominance down to 73,6%...seems like altcoins are getting power all over!

Great time to be a part of one of the most promising alt coins around... CreditBIT

Great news since Mist is too complicated to run...

Update from livecoin.net

CRBIT NEWS
Created 15.03.2017 18:51
Dear clients, deposits/withdrawals for CRBIT disabled due to moving this coin to Ethereum with swap of coins. We're in negotiations with developers regarding this transition. Trading of CRBIT is available as usual.

all the exchanges wallets are on maint!!! damn can't wd my coins to sarticipate in migration

Creditbit migrate to best platform.

Ethereum gets more and more supporters!

Almost 42$ !

We've caught a good train

Great news! Ethcore's Parity wallet is now supporting CRB token too! Try it out 😊

Thanks for info!
Great to see so big cryptocurrency site keep support Creditbit.