[ANN][ICO Bounty]🚀🚀SteepCoin🚀🚀[ICO]STEEP&CHEAP I PROFIT PoS SYSTEM I Hybrid - page 11.

Steepdev

jr. member

Activity: 57

Merit: 60

SteepCoin ICO period on mercatox.com extends until December 8 (12:00 GMT).

The advertising agents of the SteepCoin project as well as the main investors are asking for an extension of the ICO. Also in this regard, we are ready to offer 10% .Bonus to everyone who buys the coins before November 30th.( 30/11/17 includes 10% buy bonus)

Sincerely yours,
SteepCoin DevTeam

mellon

legendary

Activity: 1014

Merit: 1002

Quel marth Melloneamin

Quote from: margoslend on November 28, 2017, 03:43:51 AM

Good afternoon. The question is: is it possible to solo mine using only your wallet on your computer? I understand that if you only use the CPU, it is a useless idea. And another question: what is the minimum amount can start POS mining? I think that the difficulty will increase after the ICO.

Good day. Yes its will be possible to solo mining via CPU and GPU of course. The minimum amount its your minimal possible amount of STEEP . You anyway start staking, but if your own PoS weight will be bit low in STEEP PoS Network you will have a lowest chance to find a PoS block and getting PoS Reward.

mellon

legendary

Activity: 1014

Merit: 1002

Quel marth Melloneamin

Quote from: guide123 on November 27, 2017, 09:40:39 PM

Quote from: mellon on November 27, 2017, 04:51:50 AM

Quote from: guide123 on November 26, 2017, 10:08:41 PM

Quote from: mellon on November 26, 2017, 12:38:20 PM

Quote from: guide123 on November 26, 2017, 03:48:20 AM

Hi Guys. Checking out the project. Looks cool. I've been looking at POS coins and although I like the issue and obviously they do better because people hodl the coins, I wanted to ask a short question. I understand the staking reward is basically like a mining reward, but is there interest garnered in holding the coin and staking?

Hi. Here in SteepCoin PoS system as more STEEP coins you have in stake on your STEEP address as more PoS blocks you find ( more PoS Rewards you get).
Than there are more coins at you on balance the bigger weight has your STEEP the address of rather total PoS weight of the STEEP network .

Cool, and thank you for the answer. Although sorry I need to re ask- Is interest garnered? Or is is it only setup to gain stake reward?

Sorry I not sure that right understand what you mean here: Is interest garnered? Also if you have much more entries on your STEEP address you getting more PoS rewards.

Example:
https://www.vericoin.info/interest.html

Blackcoin was the first coin to utilize proof-of-stake for the majority of its existence. The initial distribution of Blackcoins occurred by means of proof-of-work and finished in less than a week. Over 70,000,000 Blackcoin were produced in this time. After the mining period ended, the only way for the transaction ledger or blockchain to be secured is by means of proof-of-stake. Proof-of-stake is a mechanism where the wallet mints coins at a slow rate according to total value. When the wallet is open, it is earning compound interest at 1% a year. If the wallet is closed, it earns nothing until it's open again and can earn 1% interest with fewer compound events. This proof-of-stake minting requires very low energy (0.5 watts per miner vs hundreds or thousands of watts in the case of Bitcoin or Litecoin). The transaction time with 10 confirmations is approximately 10 minutes.

You can calculate your own year interest in percent after you start staking. Anyway its much more than 1% . Maturity in SteepCoin 12 confirmations. Minimal stake age 4 hours, maximum stake age is 30 days. Here is fixed PoS rewards and we must keep in mind that all coins wuld not be sold out within ICO period will be burned by Mercatox mate. So its bit difficult on that moment calculated any interest in percent, because we dont know exactly how much coins will be on the SteepCoin Blockchain in circulation after ICO ends.

margoslend

full member

Activity: 396

Merit: 110

Good afternoon. The question is: is it possible to solo mine using only your wallet on your computer? I understand that if you only use the CPU, it is a useless idea. And another question: what is the minimum amount can start POS mining? I think that the difficulty will increase after the ICO.

fernandoelis1

member

Activity: 247

Merit: 10

Moderator

Do you need a spanish translation? PM me.

guide123

jr. member

Activity: 141

Merit: 2

Your brother in humanity

Quote from: mellon on November 27, 2017, 04:51:50 AM

Quote from: guide123 on November 26, 2017, 10:08:41 PM

Quote from: mellon on November 26, 2017, 12:38:20 PM

Quote from: guide123 on November 26, 2017, 03:48:20 AM

Hi Guys. Checking out the project. Looks cool. I've been looking at POS coins and although I like the issue and obviously they do better because people hodl the coins, I wanted to ask a short question. I understand the staking reward is basically like a mining reward, but is there interest garnered in holding the coin and staking?

Hi. Here in SteepCoin PoS system as more STEEP coins you have in stake on your STEEP address as more PoS blocks you find ( more PoS Rewards you get).
Than there are more coins at you on balance the bigger weight has your STEEP the address of rather total PoS weight of the STEEP network .

Cool, and thank you for the answer. Although sorry I need to re ask- Is interest garnered? Or is is it only setup to gain stake reward?

Sorry I not sure that right understand what you mean here: Is interest garnered? Also if you have much more entries on your STEEP address you getting more PoS rewards.

Example:
https://www.vericoin.info/interest.html

Blackcoin was the first coin to utilize proof-of-stake for the majority of its existence. The initial distribution of Blackcoins occurred by means of proof-of-work and finished in less than a week. Over 70,000,000 Blackcoin were produced in this time. After the mining period ended, the only way for the transaction ledger or blockchain to be secured is by means of proof-of-stake. Proof-of-stake is a mechanism where the wallet mints coins at a slow rate according to total value. When the wallet is open, it is earning compound interest at 1% a year. If the wallet is closed, it earns nothing until it's open again and can earn 1% interest with fewer compound events. This proof-of-stake minting requires very low energy (0.5 watts per miner vs hundreds or thousands of watts in the case of Bitcoin or Litecoin). The transaction time with 10 confirmations is approximately 10 minutes.

mellon

legendary

Activity: 1014

Merit: 1002

Quel marth Melloneamin

Quote from: weeks65 on November 27, 2017, 01:13:12 PM

So, coins will drop in STEEPwallet after ICO. Qt wallet will be available after ICO? When ICO ends?
To take part I need just make a report on this topic?

To take a part you only needs to buy some on mercatox

weeks65

member

Activity: 294

Merit: 10

So, coins will drop in STEEPwallet after ICO. Qt wallet will be available after ICO? When ICO ends?
To take part I need just make a report on this topic?

IlyaVak

member

Activity: 194

Merit: 29

Great project. I read the Whitepaper. Interesting ideas that deserve attention. I'll buy a few coins, guaranteed ransom is very rare. Good luck

mellon

legendary

Activity: 1014

Merit: 1002

Quel marth Melloneamin

Quote from: guide123 on November 26, 2017, 10:08:41 PM

Quote from: mellon on November 26, 2017, 12:38:20 PM

Quote from: guide123 on November 26, 2017, 03:48:20 AM

Hi Guys. Checking out the project. Looks cool. I've been looking at POS coins and although I like the issue and obviously they do better because people hodl the coins, I wanted to ask a short question. I understand the staking reward is basically like a mining reward, but is there interest garnered in holding the coin and staking?

Hi. Here in SteepCoin PoS system as more STEEP coins you have in stake on your STEEP address as more PoS blocks you find ( more PoS Rewards you get).
Than there are more coins at you on balance the bigger weight has your STEEP the address of rather total PoS weight of the STEEP network .

Cool, and thank you for the answer. Although sorry I need to re ask- Is interest garnered? Or is is it only setup to gain stake reward?

Sorry I not sure that right understand what you mean here: Is interest garnered? Also if you have much more entries on your STEEP address you getting more PoS rewards.

Steepdev

jr. member

Activity: 57

Merit: 60

Quote from: beskid on November 26, 2017, 01:22:27 PM

So, guys, I would like to say a few words of gratitude to your address. I carefully reviewed your project and barely managed to complete the ICO. First I thought that this project is similar to other similar projects. But it turned out that the difference is great and the idea of creating a platform on the block chain with the use of a hybrid method of PoW / PoS-work is something new.I'm sure that your platform will evolve at the speed of light. Keep it up!

Thank you. Tyvm for your time,interest our project.

Sincerely yours,
SteepCoin DevTeam

guide123

jr. member

Activity: 141

Merit: 2

Your brother in humanity

Quote from: mellon on November 26, 2017, 12:38:20 PM

Quote from: guide123 on November 26, 2017, 03:48:20 AM

Hi Guys. Checking out the project. Looks cool. I've been looking at POS coins and although I like the issue and obviously they do better because people hodl the coins, I wanted to ask a short question. I understand the staking reward is basically like a mining reward, but is there interest garnered in holding the coin and staking?

Hi. Here in SteepCoin PoS system as more STEEP coins you have in stake on your STEEP address as more PoS blocks you find ( more PoS Rewards you get).
Than there are more coins at you on balance the bigger weight has your STEEP the address of rather total PoS weight of the STEEP network .

Cool, and thank you for the answer. Although sorry I need to re ask- Is interest garnered? Or is is it only setup to gain stake reward?

beskid

full member

Activity: 252

Merit: 103

So, guys, I would like to say a few words of gratitude to your address. I carefully reviewed your project and barely managed to complete the ICO. First I thought that this project is similar to other similar projects. But it turned out that the difference is great and the idea of creating a platform on the block chain with the use of a hybrid method of PoW / PoS-work is something new.I'm sure that your platform will evolve at the speed of light. Keep it up!

mellon

legendary

Activity: 1014

Merit: 1002

Quel marth Melloneamin

Quote from: guide123 on November 26, 2017, 03:48:20 AM

Hi Guys. Checking out the project. Looks cool. I've been looking at POS coins and although I like the issue and obviously they do better because people hodl the coins, I wanted to ask a short question. I understand the staking reward is basically like a mining reward, but is there interest garnered in holding the coin and staking?

Hi. Here in SteepCoin PoS system as more STEEP coins you have in stake on your STEEP address as more PoS blocks you find ( more PoS Rewards you get).
Than there are more coins at you on balance the bigger weight has your STEEP the address of rather total PoS weight of the STEEP network .

guide123

jr. member

Activity: 141

Merit: 2

Your brother in humanity

Hi Guys. Checking out the project. Looks cool. I've been looking at POS coins and although I like the issue and obviously they do better because people hodl the coins, I wanted to ask a short question. I understand the staking reward is basically like a mining reward, but is there interest garnered in holding the coin and staking?

mellon

legendary

Activity: 1014

Merit: 1002

Quel marth Melloneamin

Quote from: rhyso on November 24, 2017, 08:03:52 AM

What is your team's mission? Long-term?

Yes mate long-term check The SteepCoin WhitePaper for detailed roadmap. OP will be update soon. the SteepCoin need more advertise now on social side and ICO list sites, blogs, etc. We now work on that.

rhyso

full member

Activity: 129

Merit: 100

What is your team's mission? Long-term?

mellon

legendary

Activity: 1014

Merit: 1002

Quel marth Melloneamin

Quote from: Kaznachej123 on November 24, 2017, 07:11:54 AM

STEEPCOIN ICO added - ICOTRACKER.NET https://icotracker.net/project/the_steepcoin_project
https://twitter.com/Kaznachej123/status/934031664338079745

Awesome, good job. Tyvm for your support.

Steepdev

jr. member

Activity: 57

Merit: 60

Quote from: Crypto_Enthusiast on November 24, 2017, 05:24:57 AM

Hi Dev,
will your tokens be placed only in your wallet? Are they compatible with other famous purses? Will dividends be accrued if the tokens are stored in another external purse?
Thank you.

HI. Ty for your question. The SteepCoin have own Blockchain and own wallets, with own STEEP addresses. So you can send STEEP between SteepCoin adresses. All transation will be written in SteepCoin Blockchain.
About Dividends: The SteepCoin protected by Hybrid ( PoW+PoS ) method of work, so here you can mining and already minting (staking). For getting PoS Rewards you needs only to sent STEEP to your SteepCoin address , keep your STEEP wallet online and after 4 hours your coins start staking, you start to getting PoS Rewards. We choose fixed type of PoS Rrewards for better understanding and calculating by our community members their profits and make profitable The SteepCoin PoS Rewards System where amount of fixed PoS Rewards increases from 10 STEEP to 25000 STEEP per each block. ( Check The Steep Hills PoS Rewards Shedule). The SteepCoin mining+minting period about 11 years, where first 3 year in a row you can get very profitable PoS Rewards and get good dividents by trading on STEEP trading pairs too.

Sincerely yours,
SteepCoin DevTeam

Kaznachej123

hero member

Activity: 882

Merit: 548

STEEPCOIN ICO added - ICOTRACKER.NET https://icotracker.net/project/the_steepcoin_project
https://twitter.com/Kaznachej123/status/934031664338079745

Topic: [ANN][ICO Bounty]🚀🚀SteepCoin🚀🚀[ICO]STEEP&CHEAP I PROFIT PoS SYSTEM I Hybrid - page 11. (Read 29135 times)