[ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good - page 27.

ShawnLeary

hero member

Activity: 518

Merit: 504

Quote from: chunkypools on April 19, 2014, 09:31:29 PM

We're in on karmacoin!

We believe that KarmaCoin is poised to make a serious return. We added karmacoin tonight on a tip from our trading group, after a few of our members made a tidy profit tonight on the mintpal LTC/Karm exchange.

With the low difficulty on karmacoin right now, you've got a great opportunity at increased block rewards by trying out new pools on this coin. Consider chunkypools.com/karm/, we're proud of our many custom features, user friendly experience, and supportive community.

Our trading group is also great for providing tips and very current info on coins. Free entry to Chunky Traders is granted via mining with chunky!

Thanks for adding us!

chunkypools

full member

Activity: 140

Merit: 100

We're in on karmacoin!

We believe that KarmaCoin is poised to make a serious return. We added karmacoin tonight on a tip from our trading group, after a few of our members made a tidy profit tonight on the mintpal LTC/Karm exchange.

With the low difficulty on karmacoin right now, you've got a great opportunity at increased block rewards by trying out new pools on this coin. Consider chunkypools.com/karm/, we're proud of our many custom features, user friendly experience, and supportive community.

Our trading group is also great for providing tips and very current info on coins. Free entry to Chunky Traders is granted via mining with chunky!

ryannguyen18

full member

Activity: 183

Merit: 100

Quote from: kahir on April 19, 2014, 06:09:38 PM

Quote from: ryannguyen18 on April 19, 2014, 06:05:22 PM

Quote from: ShawnLeary on April 19, 2014, 05:56:08 PM

Great questions, details are coming. This has never been done before so we want to make sure we have all the details hammered down before launch, but the mission of KarmaShares, and that of Karma the crypto, will be one in the same. KarmaShares will be the nimble business end of Karma representing us in both the business and scholastic arenas.

Shawnleary, do you know what is total karmashare points ? I know we have total 92 karmacoins not karmashare points...
Thanks

Did u even read the FAQ ...

no one can know the Total unless the quantum end + more % for the POC

btw ltc getting some momentum too close to 0.026

I mean grand total of points....ex: a company wants to sell 400,000 shares, that's it no more than that.....

ShawnLeary

hero member

Activity: 518

Merit: 504

One more spot to #1! Go Karma!

Also, LTC is moving up at the same time, so a bigger boost for Karma Cheesy

Poogasm

full member

Activity: 168

Merit: 100

Quote from: kosmost on April 19, 2014, 08:53:44 PM

Quote from: Poogasm on April 19, 2014, 07:54:27 PM

Hypothetical:
I invest 10 mil now during the 10x period and get my points. A month down the road, I snatch a bunch off an exchange and hold them for 30 days, I get a share for that. I am clear so far on this part, I think.

So, how does it work for that 10 mil I held for a month? If I sell them and someone else holds them for a month, they get a share for them too?
Or, if I only sell say, 1 mil of the ten and then buy 1 mil a couple weeks later and hold for a month, do I get another share even though 9 mil of that already counted toward a share?

Thanks for your patience. Please allow me a couple of hours to properly address your question. The launch is coming shortly and I want to make sure everything is ok

No problem Kosmo. Cheesy

kosmost

hero member

Activity: 1022

Merit: 501

Creator of the ICO

Quote from: Poogasm on April 19, 2014, 07:54:27 PM

Hypothetical:
I invest 10 mil now during the 10x period and get my points. A month down the road, I snatch a bunch off an exchange and hold them for 30 days, I get a share for that. I am clear so far on this part, I think.

So, how does it work for that 10 mil I held for a month? If I sell them and someone else holds them for a month, they get a share for them too?
Or, if I only sell say, 1 mil of the ten and then buy 1 mil a couple weeks later and hold for a month, do I get another share even though 9 mil of that already counted toward a share?

Thanks for your patience. Please allow me a couple of hours to properly address your question. The launch is coming shortly and I want to make sure everything is ok

kosmost

hero member

Activity: 1022

Merit: 501

Creator of the ICO

Please refer to http://karmacoin.me/download_wallets for the new location of Mac and Linux wallets.

Apologies for the bad link. There was an issue with the menu structure.

Poogasm

full member

Activity: 168

Merit: 100

I've read the faq. It doesn't address my question, yet.

bluejean

member

Activity: 74

Merit: 10

Quote from: Poogasm on April 19, 2014, 07:54:27 PM

Hypothetical:
I invest 10 mil now during the 10x period and get my points. A month down the road, I snatch a bunch off an exchange and hold them for 30 days, I get a share for that. I am clear so far on this part, I think.

So, how does it work for that 10 mil I held for a month? If I sell them and someone else holds them for a month, they get a share for them too?
Or, if I only sell say, 1 mil of the ten and then buy 1 mil a couple weeks later and hold for a month, do I get another share even though 9 mil of that already counted toward a share?

Just go to karmashares.com

The FAQ there will answer most of your questions, though some things have not been finalized yet.

What I understand about karma held in a wallet is if you have over 10 million held for 30 days, you will earn 1 share/point for every 1000 karma you have in your wallet. I'm not sure how to answer your other questions so will defer to the team.

Poogasm

full member

Activity: 168

Merit: 100

Hypothetical:
I invest 10 mil now during the 10x period and get my points. A month down the road, I snatch a bunch off an exchange and hold them for 30 days, I get a share for that. I am clear so far on this part, I think.

So, how does it work for that 10 mil I held for a month? If I sell them and someone else holds them for a month, they get a share for them too?
Or, if I only sell say, 1 mil of the ten and then buy 1 mil a couple weeks later and hold for a month, do I get another share even though 9 mil of that already counted toward a share?

lobo13

full member

Activity: 126

Merit: 100

Check my sign for more MHs

Is karma too the moon!!!!

Matheltu

member

Activity: 84

Merit: 10

Thank you for your input!!

I will probably invest a little bit. At the moment KARMA is booming. I am hoping for 100 litoshi soon!

bluejean

member

Activity: 74

Merit: 10

It would be just like buying shares in any company. The company will take the investor's money and re-invest it in hopefully profit making ventures, thus increasing the worth of the company, the share price and earning the investor a dividend. I hate using the term with some of the bad things that have happened in the crypto world recently but you can look at this as being an IPO to help launch Karmashares LLC with the initial investors being rewarded with x10 points per 1000 Karmacoins for the first week, x5 the second week and x2.5 the third week. After the IPO is over, x1.75 is the normal trade.

With everything this team has accomplished in the last few months and the seemingly clear vision they have, I have no fear investing at least some of my Karmacoins. I bought them early on so they cost me a few litecoins.

Matheltu

member

Activity: 84

Merit: 10

How do people feel about this whole Karmashare thing and POC? From what I am reading it all sounds great. I have about 100 mil KARMA that I am debating on investing into this POC. I do not want to get ripped off or anything though.

The thing I am concerned with is what happens when KARMA becomes worth 4-500 litoshi...or more....will I be getting as much btc from my karmashare investment, as I would be getting from just exchanging my coins on an exchange??

It seems very enticing... but I want to know eveything about it before I invest

Delaforetnoire

sr. member

Activity: 429

Merit: 250

Quote from: bluejean on April 19, 2014, 06:38:50 PM

Quote from: learminer on April 19, 2014, 05:02:49 PM

First of all good job so far kosmost and the whole team. There's a great deal of excitement in the air now, great time to be part of this community! Cheesy

That said, I have read through the Karmashares site and FAQ several times now. As exciting as I find the idea (its really quite simple, as most great ideas are), its the details that irritate me.

You say that shares are reserved for potentially any Karmacoin that will ever be created (~92Billion max). But how do you prevent "double claiming" (for lack of a better term)? Lets say I decide not to exchange my coins, but instead participate by holding them in my wallet for 30 days. I then get shares/points for every one of those coins, so theoretically their shares cannot be claimed again, right? What if after those 30 days I decide to sell half of those coins. The buyer now wants to also claim his shares, but his wallet now contains 5.000.000 of my "already claimed" coins and lets say 5.000.000 "unclaimed" of his own. This is when it starts to get really confusing.

Exchanging them is more straightforward at first glance. But what exactly happens to those coins? Do they stay in cold storage for a certain time, or are they destroyed (sure hope not, though that might increase value of the remaining coins)? If they are not "locked away forever", then we will run into the same problems described above as the coins enter circulation again.

Maybe I just don't get it yet , but I feel I'm not alone. I think you'll still have to finetune the site explaining the concept in the coming days.

@rickyross I don't think kahir is trolling, he's just voicing his opinion. Lets be nice please.

+1

First post in this thread but have been reading since the beginning. I have to agree with learminer on the great job kosmost and the whole team are doing! This is by far the most professionally handled crypto coin out there. I love the transparency too....you guys always keep the community informed. Most other dev groups are so secretive. This is bad juju for any coin in my opinion.

My understanding of karmashares is that when someone wants to invest, they need to have at least 10 million to invest. Their Karmacoins are traded for Karmashares at 1000 coins per share/point. The Karmacoins become the property of Karmashares LLC and in exchange, the investor is given 1 share/point (per 1000 Karmacions traded) of ownership in the company. A total of 92 billion shares/points comprise 100% of company worth, so the amount of shares/points you own against the 92 billion total shares/points determines the percentage of company ownership you have.

You are right ! The first week, you will see a bonus of x10 for each share, so 10 000 000 karmacoins minimum, 1000 karmacoins x 1 shares x10 = 10 karmashares.
Next week, bonus will be x5, week after, bonus will be x2.5 and final exchange rate will be 1.75.
If you only keep your karmas more than 30 days on your wallet, you will have share's profit at rate 1.

ShawnLeary

hero member

Activity: 518

Merit: 504

I want the #1 spot!!!

ShawnLeary

hero member

Activity: 518

Merit: 504

Quote from: p4r4m0un7 on April 19, 2014, 06:28:12 PM

You will see 8 000 bitcoins daily trade for Karma. Yes, thousands. And this is not far from now. I don`t understand how is possible for someone to sell this coin for litoshi. Seriously.

Doge is a few months ahead of us, but I feel that eventually we will be where they are at. Just have to stay focused. We have a great coin and a proper team around it.

bluejean

member

Activity: 74

Merit: 10

Quote from: learminer on April 19, 2014, 05:02:49 PM

First of all good job so far kosmost and the whole team. There's a great deal of excitement in the air now, great time to be part of this community! Cheesy

That said, I have read through the Karmashares site and FAQ several times now. As exciting as I find the idea (its really quite simple, as most great ideas are), its the details that irritate me.

You say that shares are reserved for potentially any Karmacoin that will ever be created (~92Billion max). But how do you prevent "double claiming" (for lack of a better term)? Lets say I decide not to exchange my coins, but instead participate by holding them in my wallet for 30 days. I then get shares/points for every one of those coins, so theoretically their shares cannot be claimed again, right? What if after those 30 days I decide to sell half of those coins. The buyer now wants to also claim his shares, but his wallet now contains 5.000.000 of my "already claimed" coins and lets say 5.000.000 "unclaimed" of his own. This is when it starts to get really confusing.

Exchanging them is more straightforward at first glance. But what exactly happens to those coins? Do they stay in cold storage for a certain time, or are they destroyed (sure hope not, though that might increase value of the remaining coins)? If they are not "locked away forever", then we will run into the same problems described above as the coins enter circulation again.

Maybe I just don't get it yet , but I feel I'm not alone. I think you'll still have to finetune the site explaining the concept in the coming days.

@rickyross I don't think kahir is trolling, he's just voicing his opinion. Lets be nice please.

+1

First post in this thread but have been reading since the beginning. I have to agree with learminer on the great job kosmost and the whole team are doing! This is by far the most professionally handled crypto coin out there. I love the transparency too....you guys always keep the community informed. Most other dev groups are so secretive. This is bad juju for any coin in my opinion.

My understanding of karmashares is that when someone wants to invest, they need to have at least 10 million to invest. Their Karmacoins are traded for Karmashares at 1000 coins per share/point. The Karmacoins become the property of Karmashares LLC and in exchange, the investor is given 1 share/point (per 1000 Karmacions traded) of ownership in the company. A total of 92 billion shares/points comprise 100% of company worth, so the amount of shares/points you own against the 92 billion total shares/points determines the percentage of company ownership you have.

ShawnLeary

hero member

Activity: 518

Merit: 504

Quote from: lobo13 on April 19, 2014, 05:24:50 PM

Wehere do i get the laters wallet? the site that hosting the wallets is not working any help? Huh

Windows Karma-QT
http://karmashare.me/wallets/karmacoin-qt-windows-0.8.6.2.4b.zip

Mac Karma-QT
http://karmacoin.info/downloads/karmacoin-qt-0.8.6.2.4.pkg

Linux Karma-QT
http://karmacoin.info/downloads/karmacoin-0.8.6.2.4-amd64.deb

p4r4m0un7

sr. member

Activity: 406

Merit: 250

You will see 8 000 bitcoins daily trade for Karma. Yes, thousands. And this is not far from now. I don`t understand how is possible for someone to sell this coin for litoshi. Seriously.

Topic: [ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good - page 27. (Read 352484 times)