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Topic: [ANN][ECA] Electra ⚡ | POS 3.0e | Super Rewards Bonanza - page 16. (Read 144299 times)

jr. member
Activity: 52
Merit: 1
Now this is what transparency is all about.

Thank you Electra01 once again for answering and proving your commitment for this project.

Still unfortunate that every now and then some new accounts being created to spread the FUD

But glad you manage it so smoothly.

Thanks once again
full member
Activity: 324
Merit: 101
Latest wallet: v2.1.1/v2.1.3
Dear Stakeholders,

100,000,999 ECA pre-mine (10% of remaining) has been converted to BTC for risk management purposes. Minor diversification is important at this stage and will allow for continued growth of the Electra project during undesirable market conditions.

I will consider buying back the amount that was sold if there is major opposition to this conversion.

hello,

i have a question in regards the eca who was converted to btc. How will this btc used to benefit the project? maybe for listing fees or at least for marketing?

greetings
Half of the ECA sold has already been bought back as I mentioned before. The remainder will stay hedged for the long term. This conversion was not done to immediately spend it all. It was done so there is a reserve from other sources if needed. The reserve will eventually prioritize funding technical development rather than marketing or exchange fees. When spent on Electra, the stakeholders will be notified.

I don't see the electra bought back on the premine addresses.

Is it planned to pay the developers and the electra team for the last update (BIP130 BIP68, mobile wallet)? Because for the moment you never announced paying for anything and the team did it on their own.

Also can we know the exact amounts of the "diversified" reserve (excluding eca)?

Thank you, we need transparency and regular updates on the amounts / adress wallets

I also wanted to know what you are working on in concrete terms at the moment, because I only see technical updates from the foundation and the team and never from you.

These were the addresses transfers were made to:

EUYq2vCWbYZHgP9QDtBNsycemqwr6pQeD1
EKVGsCMioi7GcsH4ySDp82arjEWe7x8eJz


These are the addresses showing the current balance:

[
  [
    [
      "EVV4hYtiiPy6axtDMHqtcP46GyBFGKkmvu",
      0.00000000
    ],
    [
      "ENGUxviXUSC8jQLMHcL1B6hhNZ1Es8BQAY",
      6380915.68175268
    ],
    [
      "EezXAXNPkmeyvRgctQkBpwR2ax1ik7asEX",
      0.00000000
    ],
    [
      "EHb1zE7yaozWqZZSuZvSiGj8CugJxEbyAs",
      402.94823677
    ],
    [
      "EffK9U5x5iUDGMGU8nAwKiEv6xNaj7Wm6Z",
      0.10830133
    ],
    [
      "EfW1cznfN4o6V4g331ga8Yft31MhRioY2G",
      0.00000000
    ],
    [
      "EeqrSXW1qiXtZvCTYAjqMCWLJSVosoRzFN",
      0.00000000
    ],
    [
      "EYZ4YsCrA92GG2hSkoACRkfdncqh1y69Zs",
      0.05504708
    ],
    [
      "EbVAf6zUp4urUft2FZsNLPgNj8VcuKcxGR",
      0.03171374
    ],
    [
      "EMvmA2phcsYQKe18MSXVEWPJr2HzbnqwpZ",
      0.00000000
    ],
    [
      "EY9CpGPHzoW5j1eB4C51Fsdr88dAgMfaso",
      334.62943049
    ],
    [
      "ERCLTG4MsbMg11ZqWopqkM2z3BmvFYNN7b",
      0.00000000
    ],
    [
      "EPu2GsNwEahSsu1kMYsQwDYmRfJVRPXLsu",
      0.00000000
    ],
    [
      "EdJHv4cfhvo1TRYnxunwh8e34jCfL2HL3S",
      0.00000000
    ],
    [
      "EJEnKKVhBH8p2zaEBXHoLM7hoCkcWvYwSa",
      0.00000000
    ],
    [
      "EVggmyfsA7krt7XsCYyh5DVe5JxDbVs5cZ",
      572503827.52336169
    ],
    [
      "EdRvKYBid4McVydBJLLSvdALmA7Y19MQZS",
      0.00000000
    ],
    [
      "EdSa79GugohczTPwyyavbkcYLSrhDky7JA",
      262.48523340
    ],
    [
      "ENJc5UmLhpyrge7bxDoXjHTjv7DNzBx8sN",
      0.00000000,
      "test"
    ],
    [
      "ERt2cqExYsae34cLvJj5Mn6cKcVmdtqsaa",
      0.00000000
    ],
    [
      "ELC3NzX16Jy7gSf5Tk36uTXKaUmgXtfPeq",
      0.00000000
    ],
    [
      "EP3Ukfr1bUp4JsP5fgWHTT5z3GDqN49sKk",
      0.00000000
    ],
    [
      "EZcMFUccGBMgn2XayQLehziY9rJ9uYZThJ",
      0.00000000
    ],
    [
      "ETrdKuA6c5fd2SVEdQ9eTipi7viU9BXM8x",
      0.01278477
    ],
    [
      "EVU3sVPDV3dtCU26pFnWJkd25gjhTUpyHJ",
      0.00000000
    ],
    [
      "EW4yvbdrSh3GBzpEGhd7PMWQNtbje1A9Gp",
      0.00000000
    ],
    [
      "EMm6buoPUDXRyHFDo4EayXiTc7vk6BuSW2",
      0.00000000
    ],
    [
      "EJXiQYb5tYjVdn8erLT92F6D5ZmCG2ZCvZ",
      277495398.67974341,
      ""
    ],
    [
      "EcV7gwsm5YhiKutEMfKwD7XYXGAcckPKcp",
      0.00000000
    ],
    [
      "EfDsBrC4wEbFGmiRskB4bhYMM8fzv3fGtc",
      0.00000000
    ],
    [
      "EaTjnXZXAcfE4hT7zLrh6JvtYf8W77Eiuq",
      0.00000000
    ],
    [
      "EWqKevd4icpimY9KCXA9VNeHrkdtUaHNkb",
      0.00000000
    ],
    [
      "ESwWWMxMNe87B5vLZponfNbpQnsgNVKCWr",
      0.00000000
    ],
    [
      "EW19qphNhjpGPuti6KMsKJLi3APDoSDEq8",
      0.00000000
    ],
    [
      "EXHGXEmPQzYEpYfxtVwGvdaAWsoX2qvCPV",
      0.00000000
    ],
    [
      "EWbW2VfDCo1khpYnmLN7CM1bBmVnfNhauM",
      0.00000000
    ],
    [
      "ERRMTYFuhnRqdaqVewLtfftnuiZxmDkYQL",
      0.00000000
    ],
    [
      "EVBuSdwYva6CEVfKLZ2kvhx4d42UGR2BXn",
      0.00000000
    ],
    [
      "EMpfCZtJxXxzBRzh8m1MJyxcsp15nyBzvE",
      0.00000000
    ],
    [
      "Ea5Ld5YgafyKEsRo7Dp22Pzr66e4AJcojw",
      0.00000000
    ],
    [
      "EaRKTiLmuyXtQvnoADT5i7sFApim2bQCYM",
      0.00000000
    ],
    [
      "EMsGV9hJGbwS4gzHDGHfSKFAcsd5GmWNF4",
      0.00000000
    ],
    [
      "EXhJi8VpzTMxUGSVc382xp5RphhgodvK9R",
      0.00000000
    ],
    [
      "EP7ruYBTaTdomdbC9naHmqXwXWtr8wLMNW",
      0.00000000
    ],
    [
      "EY2nZtPtgZePdT2abQz1dC3iJxCrB6iczZ",
      0.00000000
    ],
    [
      "EULsnZewta3h4DahYXZRsXiFkdhSyNgES3",
      0.00000000
    ],
    [
      "EJDBdfYF5CmB19ssNFvHpE2zJQcKKVC1G6",
      0.01164875
    ],
    [
      "EHDwJ991LsMAJBK6DTNCLmtekEXuASoaa6",
      0.00000000
    ]
  ],
  [
    [
      "EKVGsCMioi7GcsH4ySDp82arjEWe7x8eJz",
      10000.00000000,
      ""
    ]
  ],
  [
    [
      "EUYq2vCWbYZHgP9QDtBNsycemqwr6pQeD1",
      18034809.17210000,
      ""
    ]
  ]
]


Around 2.64 BTC went into the ECA buyback. 1 BTC each for Zcash, ETH, Golem, Civic. Rest is in BTC. Nothing has been spent.

There will be about 29 million not included in the total balance. That is in Cryptopia and they were unable to transfer it after announcing the buyback. This amount will be added after they finish their liquidation.
newbie
Activity: 54
Merit: 0
Electra doing well again today. I have high hopes still for this coin!
member
Activity: 85
Merit: 12
Dear Stakeholders,

100,000,999 ECA pre-mine (10% of remaining) has been converted to BTC for risk management purposes. Minor diversification is important at this stage and will allow for continued growth of the Electra project during undesirable market conditions.

I will consider buying back the amount that was sold if there is major opposition to this conversion.

hello,

i have a question in regards the eca who was converted to btc. How will this btc used to benefit the project? maybe for listing fees or at least for marketing?

greetings
Half of the ECA sold has already been bought back as I mentioned before. The remainder will stay hedged for the long term. This conversion was not done to immediately spend it all. It was done so there is a reserve from other sources if needed. The reserve will eventually prioritize funding technical development rather than marketing or exchange fees. When spent on Electra, the stakeholders will be notified.

I don't see the electra bought back on the premine addresses.

Is it planned to pay the developers and the electra team for the last update (BIP130 BIP68, mobile wallet)? Because for the moment you never announced paying for anything and the team did it on their own.

Also can we know the exact amounts of the "diversified" reserve (excluding eca)?

Thank you, we need transparency and regular updates on the amounts / adress wallets

I also wanted to know what you are working on in concrete terms at the moment, because I only see technical updates from the foundation and the team and never from you.
full member
Activity: 324
Merit: 101
Latest wallet: v2.1.1/v2.1.3
Dear Stakeholders,

100,000,999 ECA pre-mine (10% of remaining) has been converted to BTC for risk management purposes. Minor diversification is important at this stage and will allow for continued growth of the Electra project during undesirable market conditions.

I will consider buying back the amount that was sold if there is major opposition to this conversion.

hello,

i have a question in regards the eca who was converted to btc. How will this btc used to benefit the project? maybe for listing fees or at least for marketing?

greetings
Half of the ECA sold has already been bought back as I mentioned before. The remainder will stay hedged for the long term. This conversion was not done to immediately spend it all. It was done so there is a reserve from other sources if needed. The reserve will eventually prioritize funding technical development rather than marketing or exchange fees. When spent on Electra, the stakeholders will be notified.
newbie
Activity: 1
Merit: 0
Dear Stakeholders,

100,000,999 ECA pre-mine (10% of remaining) has been converted to BTC for risk management purposes. Minor diversification is important at this stage and will allow for continued growth of the Electra project during undesirable market conditions.

I will consider buying back the amount that was sold if there is major opposition to this conversion.

hello,

i have a question in regards the eca who was converted to btc. How will this btc used to benefit the project? maybe for listing fees or at least for marketing?

greetings
full member
Activity: 324
Merit: 101
Latest wallet: v2.1.1/v2.1.3
Electra is the biggest gainer of the day. Well done!

jr. member
Activity: 52
Merit: 1
We had a great engineering call yesterday, here is the link if you weren't there and want to listen it.
https://www.youtube.com/watch?v=lzHCgIcNfo8

Anyone have a tldr of what they talked about?

Thanks to @DrawnDown on Telegram for the summary

Engineering Call #21: May 1st


Development:
-BIP 130 dev work is done, extra testing required…will most likely be released with the mobile wallet
-Mobile Wallet has 3 devs working on it, could be ready for release by end of May (NOT A FIRM DEADLINE)
-one of our devs is working on an app that is needed for integration into the Ledger Nano
-adding Seed Nodes to the network (this increases network stability)
-development of QT wallet is ongoing (adding improvements)
-ElectraPay is now compatible with the hard fork changes
(backend dev work is 90% complete)
(starting frontend PHP development of the plugin)
(dev work will be complete in 6 weeks or less but this will not be the same timeframe for release. Lots of testing is still needed.)
(stay patient; quality and security is a priority for the team, nothing will be released until both of these are confirmed)

Announcements/Partnerships:
-MyCryptoCheckout integration
(WooCommerce plugin)
(see the tutorial video on our Twitter @ElectracoinECA)
-European Blockchain Assoc.
(approx. 7 quality projects working together to push mass adoption)

Exchanges:
-EUCX integration (Q4 2019)
(focused on complete compliance to EU regulations)


Marketing:
-With a majority of the team focused on building our secure, fast products, we kindly ask the community to help out by coming up with creative ideas for marketing the project. Any ideas/plans can be discussed with members of our PR/marketing team. (Jasmine, CyberGypsy, Raymond V.)
-please follow Electra on all platforms, Instagram too!

Misc:
-Welcome Jasmine as our PR Coordinator! Follow her twitter and make sure to help her spread ECA to the masses! @Electra_Spirit
-special 30% discount for the ECA community on Ellipal hardware wallet
-If anyone from the community has WordPress, PHP, E-commerce dev knowledge please contact the team on Discord
newbie
Activity: 129
Merit: 0
We had a great engineering call yesterday, here is the link if you weren't there and want to listen it.
https://www.youtube.com/watch?v=lzHCgIcNfo8

Anyone have a tldr of what they talked about?
newbie
Activity: 51
Merit: 0
This is a promising project!  The idea of project was relevant and catchy. There is no denying that this project will become a really good one. Congratulations
newbie
Activity: 30
Merit: 0
We had a great engineering call yesterday, here is the link if you weren't there and want to listen it.
https://www.youtube.com/watch?v=lzHCgIcNfo8
jr. member
Activity: 57
Merit: 6
But what about Electra? I think it's going to die, volume is only 15k. There is hardly no heartbeat.
What do you think?

Hope so you have check the past achivements on website if not here is the link: https://electraproject.org/roadmap/

And do let me know if anyone is having such strong blockchain or not.

Also for your reminder ETN (raised 40 Million USD during ICO) suffered double spend attack & PolisPay failed to implement POS 3.0 and gave a failed fork

But for Electra both are secured with no millions of dollars raised

There is continous activity on github as well. The community is active.

The volume maybe low but it's same for 90% alt coins and that's not the point of worry as right now it's BTC season people are confused if BTC will go up or remain stable or it will take down direction.

See BTC domination from 50% to 55% so people are moving money from alt coins to BTC to ride the BTC wave once settle the btc money will flow in altcoins again.



yes it's exactly this!!!

The good point is that Electra development has never stopped, and it is improving enormously.

Let's wait and see first what the BTC will do
newbie
Activity: 16
Merit: 0
It's been a while since I came here
Just a reminder to warn you of this hoax, the management team in the person of Master Den and his accomplices robbed me over 160 million pieces
And to believe the discussions on the networks I'm not the only one
I would always be here to remind you of this scam in the months and years to come 😒
jr. member
Activity: 52
Merit: 1
But what about Electra? I think it's going to die, volume is only 15k. There is hardly no heartbeat.
What do you think?

Hope so you have check the past achivements on website if not here is the link: https://electraproject.org/roadmap/

And do let me know if anyone is having such strong blockchain or not.

Also for your reminder ETN (raised 40 Million USD during ICO) suffered double spend attack & PolisPay failed to implement POS 3.0 and gave a failed fork

But for Electra both are secured with no millions of dollars raised

There is continous activity on github as well. The community is active.

The volume maybe low but it's same for 90% alt coins and that's not the point of worry as right now it's BTC season people are confused if BTC will go up or remain stable or it will take down direction.

See BTC domination from 50% to 55% so people are moving money from alt coins to BTC to ride the BTC wave once settle the btc money will flow in altcoins again.

newbie
Activity: 4
Merit: 0
But what about Electra? I think it's going to die, volume is only 15k. There is hardly no heartbeat.
What do you think?
member
Activity: 85
Merit: 12
this conversation is wonderful

the conclusion is simple =
never conclude quickly   Wink
jr. member
Activity: 52
Merit: 1
The anonymous E01 without a mask?!?!?  Grin

Patience my friend.

You will find out another friend of yours I would say. Let’s keep it for the D-Day

It’s already 12 AM here in India so need some sleep.

So let me know when you want to have the live video call and we will be ready

Thanks and no more reply from my side Smiley
newbie
Activity: 77
Merit: 0
The anonymous E01 without a mask?!?!?  Grin
jr. member
Activity: 52
Merit: 1
I have all questions ready before your big interview.

No questions before so you can prepare  Roll Eyes

Okay your wish Smiley

Also there might be a special guest as well during the video call.

A surprise for you someone will join in during the call will tell you that time.

Let me know the date whenever you want.

Looking forward to it.
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