[ANN][ICO FULLY SOLD]Lightchain|Double-Layer Structure|100,000 Query/sec|

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: Kang TB on September 06, 2019, 06:32:57 PM

i see there is a good price movements on Lightchain, depends on coinmarketcap

and the volume is good enough too
but the questions is, does this project still alive ? because this thread is so quiet
thanks

Seems that they are still active in trading but the overall picture of their trading chart is bit scary to invest -

A miracle is needed to change their course and I don't think it will happen anytime soon for this project.

Kang TB

sr. member

Activity: 1050

Merit: 250

Revolutionizing Reward Points

i see there is a good price movements on Lightchain, depends on coinmarketcap

and the volume is good enough too
but the questions is, does this project still alive ? because this thread is so quiet
thanks

lorylore

legendary

Activity: 1470

Merit: 1002

Quote from: yabbadabba on February 09, 2018, 02:19:12 AM

is there a difference between query/sec and transactions/sec? or query and transaction is the same thing but different wording?

They are different. Lightchain is based on the handling the queries and not about supporting/proving the transaction of the blockchain.

yabbadabba

full member

Activity: 246

Merit: 100

is there a difference between query/sec and transactions/sec? or query and transaction is the same thing but different wording?

lorylore

legendary

Activity: 1470

Merit: 1002

Quote from: pro-trader on February 01, 2018, 06:38:47 AM

Quote from: lorylore on January 30, 2018, 01:10:12 PM

Inititally, i am sold by the great idea ....

So was I. But given the lack of background information available on the team leaders, if not to say "shady looking" available information, I´m out. Could maybe be a cultural thing as well if these Asian guys just don´t care about the same things we Western people look at (such as LinkedIn etc). But I don´t have FOMO then - women and opportunities are like buses. If you miss one, the next one will arrive soon. Just stay flexible and look around.

Well, for china projects, they dont really have any culture to have LinkedIn or telegram profile etc.

However, i really wish they can put in more effort to address some of the fud that the telegram members have been addressing.

pro-trader

newbie

Activity: 22

Merit: 0

Quote from: lorylore on January 30, 2018, 01:10:12 PM

Inititally, i am sold by the great idea ....

So was I. But given the lack of background information available on the team leaders, if not to say "shady looking" available information, I´m out. Could maybe be a cultural thing as well if these Asian guys just don´t care about the same things we Western people look at (such as LinkedIn etc). But I don´t have FOMO then - women and opportunities are like buses. If you miss one, the next one will arrive soon. Just stay flexible and look around.

lorylore

legendary

Activity: 1470

Merit: 1002

Quote from: pro-trader on January 26, 2018, 04:04:00 AM

Thx for trying to bring a bit more light into this. Scary or unclear information on the people behind it. Did they really sell their coins resp. really collect some money or are they just now cashing out as long as they can? Locked in my profits and sold, watching from the sideline (or just forget it as there are so many new ICOs coming up, its massive)

Inititally, i am sold by the great idea but as more things unfolded by the communities, i have hold on to my reserve. And i did try to reach out to the dev, and they are quite responsive. I also have look at their github and they are quite active. But why do they want to hide their face.

pro-trader

newbie

Activity: 22

Merit: 0

Thx for trying to bring a bit more light into this. Scary or unclear information on the people behind it. Did they really sell their coins resp. really collect some money or are they just now cashing out as long as they can? Locked in my profits and sold, watching from the sideline (or just forget it as there are so many new ICOs coming up, its massive)

d4rkc4sm

newbie

Activity: 2

Merit: 0

https://i.imgur.com/JLHaZ4X.png
https://i.imgur.com/J0VtOK3.png

lorylore

legendary

Activity: 1470

Merit: 1002

Quote from: weeks65 on January 20, 2018, 11:20:59 AM

"LightChain adopts the world’s first double-layer chain architecture." Nobody wants to be the guinea pig for a centralized Chinese-owned watered-down knockoff of Lightning Network.

Do read and research more into the project. It is nothing to do with lightning network.

There are a lot of China based ICO that has shown to be extremely successful.

Quote from: JVC on January 20, 2018, 04:20:14 PM

Hello,

I've been trying to do research on the team and their background and I'm coming up short. Not immediately finding this information is a bit worrisome. Can you provide more background on the team?

Quote from: pro-trader on January 21, 2018, 07:23:21 AM

I´m a bit bored resp. have no real input from chart analyses for trading. As my last purchase on this Okex exchange (it was INT) went quite well, I spent a few coins and purchased LIGHT. No loss that would hurt me, if it turns out to be a scam. As other fellows, I´m skeptical due to the lack of a real promising team (or information about such one) behind it.

Which wallet do you use?
As it´s not an ERC 20 token but comes with its own chain, I need to get a wallet to store it. I could not find anything, someone has an idea?

The wallet is still underdeveloped. Do wait for more news/updates by the dev team on a downloadable wallet.

Quote from: d4rkc4sm on January 22, 2018, 05:18:49 AM

This is a scam coin. Listed team members are stolen or fake. DYOR.

Great to have people doing their own due diligence. We have feedback from the telegram community too about one of the team members. A few things we have checked :
- Currently, the team dont have linkedin.
- The team claimed that the Franklin Weldon mentioned in the telegram group/twitter is a different personnel.

We will do more cross checking with the LightChain team whenever there are more queries by the public. It is not an easy task due to the limitation of the communication channels between China and outside world but we are happy to service the bridge/gaps.

d4rkc4sm

newbie

Activity: 2

Merit: 0

This is a scam coin. Listed team members are stolen or fake. DYOR.

starskey

full member

Activity: 134

Merit: 100

This is indeed a very interesting project and is under the radar.

pro-trader

newbie

Activity: 22

Merit: 0

I´m a bit bored resp. have no real input from chart analyses for trading. As my last purchase on this Okex exchange (it was INT) went quite well, I spent a few coins and purchased LIGHT. No loss that would hurt me, if it turns out to be a scam. As other fellows, I´m skeptical due to the lack of a real promising team (or information about such one) behind it.

Which wallet do you use?
As it´s not an ERC 20 token but comes with its own chain, I need to get a wallet to store it. I could not find anything, someone has an idea?

JVC

newbie

Activity: 50

Merit: 0

Hello,

I've been trying to do research on the team and their background and I'm coming up short. Not immediately finding this information is a bit worrisome. Can you provide more background on the team?

weeks65

member

Activity: 294

Merit: 10

"LightChain adopts the world’s first double-layer chain architecture." Nobody wants to be the guinea pig for a centralized Chinese-owned watered-down knockoff of Lightning Network.

lorylore

legendary

Activity: 1470

Merit: 1002

OKEX launches LIGHT(LightChain) on January 19. Here is the specific time:

1. On Jan.19 15:00, LIGHT can be deposited.
2. On Jan.19 19:00, LIGHT can be traded.
3. On Jan.19 18:00, LIGHT can be withdrawn.

philhellmuth

member

Activity: 120

Merit: 10

Forging Lisk delegate philhellmuth 35% SHARE POOL

This project looks mega fishy, from ICO to the team members. "Microsoft experience" tag from team page makes you think that she worked in Microsoft for 12 years but nah, when you check team members on linkedin for example it's a mediocre team, nothing special.

Also, they are not going to offer anything new, I don't see a point of this 10001 altcoin.

lorylore

legendary

Activity: 1470

Merit: 1002

Quote from: ranggenga on January 17, 2018, 12:41:24 AM

Quote from: lorylore on January 11, 2018, 06:08:30 PM

After discussion with my friends, this is our project summary:

Light Chain (LIGHT) is designed to be the world’s first double-layer chain. The LIGHT network is composed of one prime-chain and numerous sub-chains. The prime-chain works like bitcoin to provide an immutable and transparent super-ledger while sub-chains provide a fast network (performance level of 100k query per second) under the prime chain, it syncs up with the prime-chain on a regular basis. and is suitable for all applications including high-frequency transaction.

By solving the scalability and performance problem of decentralized networks (e.g. Bitcoin and Ethereum), LIGHT’s double-layer structure can be utilized to all applications in mankind.

The Light Coin:
In LIGHT’s ecosystem, we preset a constant number of Light Coins. Similar to the bitcoin and Ethereum systems, miners are rewarded by Light Coin through PoW on the prime-chain;

- Gas is burned every time the sub-chain syncs up with the main-chain. The gas is rewarded to miners;
- A certain number of Light Coins must be pledged when a sub-chain is created. The pledged Light Coins can be used as Gas in the sub-chain, and the number of LIGHT Coins pledged grows over time

This is sounds interesting, but I've still doesn't understand what is the real benefit of having double layer block chain?
Does this means faster transaction time or a safer transaction?

Double layer blockchain has a lot of benefits. One simple reason is that eth and bitcoin is also trying to improve its infrastructures by adding on a side chain. Other dapps are also developing their own version of offchain etc. So Lightchain start off with double layer structure straight off the base foundation and thus is able to have tremendous achievements right at the start.

Quote from: cemungut on January 18, 2018, 12:30:13 AM

ICO missed, why post this here so late ? Sad

The dev dont even have done much marketing and they are already oversubscribed.

Quote from: rina141141 on January 18, 2018, 12:35:16 AM

hi dev. how to check my referral ?? Group telegram not reply support member Roll Eyes

Do wait for the bot to be updated. By then you are able to check your referral. Cheers.

Quote from: kucing88 on January 18, 2018, 12:37:55 AM

Are you dev or Participant ico..?

Not a dev. I am a service provider to help them to post this thread and man it for a period of time. But after understanding the product, I am interested to have some but it was already sold out.

Quote from: cicak88 on January 18, 2018, 12:39:44 AM

How did this ico happen to complete 50000 eth, with only 2 days of announcement in bitcointalk, no campaign, not even an ico schedule? Roll Eyes

They are even sold out before I can announced. There isnt a chance for the ico to go for crowdsale as everything is sold before that.

cicak88

newbie

Activity: 36

Merit: 0

How did this ico happen to complete 50000 eth, with only 2 days of announcement in bitcointalk, no campaign, not even an ico schedule? Roll Eyes

kucing88

newbie

Activity: 5

Merit: 0

Are you dev or Participant ico..?

Topic: [ANN][ICO FULLY SOLD]Lightchain|Double-Layer Structure|100,000 Query/sec| (Read 1033 times)