Maybe you guys can host an AMA for the new version of TWINS.
Join us in discord, I am sure that you will receive answers to all your questions in real timehttps://discord.gg/US9Fvs4
Topic: [ANN][TWINS][MN/POS] Birth Notice - page 4. (Read 31597 times)
https://discord.gg/US9Fvs4
Maybe you guys can host an AMA for the new version of TWINS.
Edwin [new.capital]:
Wallet app 1.17 has been released for internal testing. This version includes the improved UI and basic functionality.
Would be very helpful if you could to test the look and feel on various devices and submit your feedback on functionality and bugs. Many thanks
We build the Internet of Value | New Capital for a better future
https://staging.wallet.app/account
Edwin [new.capital]:
To clarify the login situation: wallet app and NCE will be two separate services with wallet app being the account manager and single sign on provider. Users will be able to login to NCE with the same account, but sessions are different. So you need to login and logout to each service separately. At the initial release the two services will have a bit mixed functionality, like some security settings and account verification are still on NCE, but in the near future everything will be made fully separated, and wallet app users will be able to use the service on one interface only with NCE being the infrastructure only, unless you do want to participate in trading and liquidity providing, then the NCE interface will be more suitable.
Join us (spend not a lot of your personal time for the sake of the future!), Every feedback, opinion, wish in work, in design, etc. is important to us. More than one message will not be overlooked. You can download, as well as leave a review in the discord channel =wallet-app= https://discord.com/channels/465818373305925633/540119684658364426/887982356181446728
!!!! ATTENTION !!!!
Edwin [new.capital]:
Mandatory TWINS wallet update has been released.
This is the last planned release for this chain and it is required for our migration preparations to TWINS 2.0.
Coin swap is expected in early 2022.
In this version:
* Protocol changed to 70926 which will be enforced on block height 700,000 - estimated 30 September to 2 October.
* Pre-planned block reward halving mechanism will reduce the reward gradually during the next 5 month to 2 TWINS per block. The first halving event will occur in about two weeks after the enforcement, target block height: 711111, estimated date: 15 October. The last halving event targeted at block height: 777777, estimated date: 15 January 2022.
PLEASE NOTE: Masternode restart is required and it is recommended to perform the update before block 700’000, to avoid network split.
Please find the wallet download links available here:
https://github.com/NewCapital/TWINS-Core/releases/tag/twins_v3.3.9.0
Any questions? Let's discuss it on 🚀twins channel==> https://discord.gg/qfuNu2w
Edwin [new.capital]:
What do you think of this semi-transparent envelope for the FIX ID cards? As these cards may be considered as collector items, the idea is to keep the them clean from finger prints and scratches, but also make it possible to see the card itself through the envelope. On the back side, we can print the onboarding / user manual link.
If it does not bother you, leave your wishes in the discord channel. Every opinion is important to us!
https://discord.gg/MENM7fY
Edwin [new.capital]:
We need your help with testing the upcoming account management system that will soon replace the current one on New Capital. Please report any issues, bugs, ideas or a simple feedback in the thread:
https://staging.wallet.app/
https://discord.gg/Yv7kjGkN4z
Edwin [new.capital]:
Exciting times. We are starting our path towards the migration preparations. Please find the suggested plan for our current (TWINS 1.0) network update:
1. New TWINS wallets will be released by September 12 and the community is welcome to update and restart their nodes with the new protocol. The sooner you update the more chances you have to win more blocks with the current block reward.
2. Protocol enforcement will be applied about three weeks after, target block height: 700000, estimated date: 30 September to 2 October (this means that wallets with current version will stay outside the mainnet, until updated)
3. First halving event will occur about two weeks after the enforcement, target block height: 711111, estimated date: 15 October
4. During the next 66666 blocks, TWINS rewards will be reduced by half (+/-) about every 7-8 days.
5. The last halving event will set the block reward for 2 TWINS, target block height: 777777, estimated date: 15 January
This gradual reward reduction schedule will allow enough time for everyone to update their wallets and get into masternodes round in time. FIX network will follow the same plan, but with 6 weeks delay.
Here is the block height schedule for TWINS:
Join the discussion on the discord channel, your opinions are important to us!
https://discord.gg/US9Fvs4
Exciting times. We are starting our path towards the migration preparations. Please find the suggested plan for our current (TWINS 1.0) network update:
1. New TWINS wallets will be released by September 12 and the community is welcome to update and restart their nodes with the new protocol. The sooner you update the more chances you have to win more blocks with the current block reward.
2. Protocol enforcement will be applied about three weeks after, target block height: 700000, estimated date: 30 September to 2 October (this means that wallets with current version will stay outside the mainnet, until updated)
3. First halving event will occur about two weeks after the enforcement, target block height: 711111, estimated date: 15 October
4. During the next 66666 blocks, TWINS rewards will be reduced by half (+/-) about every 7-8 days.
5. The last halving event will set the block reward for 2 TWINS, target block height: 777777, estimated date: 15 January
This gradual reward reduction schedule will allow enough time for everyone to update their wallets and get into masternodes round in time. FIX network will follow the same plan, but with 6 weeks delay.
Here is the block height schedule for TWINS:
Join the discussion on the discord channel, your opinions are important to us!
https://discord.gg/US9Fvs4
Some reasons to support lower TWINS inflation = lower rewards per block
Current TWINS inflation is around 40%
Now let's compare with BTC and it's very low inflation level of 1,6%. We do not hear too many arguments in industry that this low rewards level is a very low incentive to buy and hold BTC. Everyone knows that the lower is inflation, the more new demand pushes price up and monetization of investment just shifts from increase in coins amount to increase in price rise. Sure, it all depends on how much coin is demanded in the market.
Same will happen with TWINS. Now more of earnings are generated from rewards in coins = high inflation, and if inflation will be lowered, earnings will just shift to price rise. This is exact same effect to portfolio value, but with different expression in how we'll see earnings. For person who is experienced in crypto industry seems no difference at all, different system delivers same effect to portfolio value.
Now let's think of newbies. How do they look to coin's performance?
At first you would see the chart vs BTC or FIAT and you see that coin did not rise over time or even was on a constant fall. How many will go deeper to study inflation model in order to understand that holders might have been still earning money with a constant falling price? I think not many even with an experience in crypto industry will start doing the math. It's very likely that they will just shift to next better looking chart and do some moves with a different coin.
Let's remember that we also want businesses to get more engagement in TWINS and accept it for daily goods and services. Looking from business mentality, which gives a huge push to mass adoption, it's much better to have coin's generation model that stabilizes price and better protects it from falling vs FIAT. If coin's price would rise, it will be a huge advantage for business and they will be likely to hold that coin on their balance. At least if coin's performance would offer low chances of price falling against FIAT and give better banking as crypto does, business would be likely to start accepting TWINS on daily service.
So if we have so many new potential participants who are more likely to like TWINS with lower inflation, why wouldn't we want such a system?
New supply - demand model for TWINS will stabilize the coins value and it will open the potential to much faster business adoption.
Early shift, even before migration, to a lower inflation will rise motivation to migrate as soon as we are ready and also will make smoother shift for all current community giving time to understand the advantages of lower inflation and lower rewards.
Looks like win.win to me.
Current TWINS inflation is around 40%
Now let's compare with BTC and it's very low inflation level of 1,6%. We do not hear too many arguments in industry that this low rewards level is a very low incentive to buy and hold BTC. Everyone knows that the lower is inflation, the more new demand pushes price up and monetization of investment just shifts from increase in coins amount to increase in price rise. Sure, it all depends on how much coin is demanded in the market.
Same will happen with TWINS. Now more of earnings are generated from rewards in coins = high inflation, and if inflation will be lowered, earnings will just shift to price rise. This is exact same effect to portfolio value, but with different expression in how we'll see earnings. For person who is experienced in crypto industry seems no difference at all, different system delivers same effect to portfolio value.
Now let's think of newbies. How do they look to coin's performance?
At first you would see the chart vs BTC or FIAT and you see that coin did not rise over time or even was on a constant fall. How many will go deeper to study inflation model in order to understand that holders might have been still earning money with a constant falling price? I think not many even with an experience in crypto industry will start doing the math. It's very likely that they will just shift to next better looking chart and do some moves with a different coin.
Let's remember that we also want businesses to get more engagement in TWINS and accept it for daily goods and services. Looking from business mentality, which gives a huge push to mass adoption, it's much better to have coin's generation model that stabilizes price and better protects it from falling vs FIAT. If coin's price would rise, it will be a huge advantage for business and they will be likely to hold that coin on their balance. At least if coin's performance would offer low chances of price falling against FIAT and give better banking as crypto does, business would be likely to start accepting TWINS on daily service.
So if we have so many new potential participants who are more likely to like TWINS with lower inflation, why wouldn't we want such a system?
New supply - demand model for TWINS will stabilize the coins value and it will open the potential to much faster business adoption.
Early shift, even before migration, to a lower inflation will rise motivation to migrate as soon as we are ready and also will make smoother shift for all current community giving time to understand the advantages of lower inflation and lower rewards.
Looks like win.win to me.
https://discord.com/channels/465818373305925633/523070899792904212/880780777762222160
Friends, exciting times are just ahead of us. Decrease in inflation represents we are getting ready and are very close to migration to new TWINS
I suggest to look at this stage as a fabulous chance to accumulate more cheap TWINS
We know that in nearest weeks after migration TWINS will offer new and very exciting features as issue of new digital assets, NFTs, collectibles. TWINS will allow us to use multiple new features in customer friendly way and via new tools as WalletApp.
Gates will open for new projects and new community to join our ecosystem that was developed for over 2 years. A lot of hard work, a lot of expectations and those days are coming when we will start enjoying of what has been created and will open a new stage of mass adoption and further development and innovation of new blockchain and tools presented.
I feel like bulls are close to show their positive mood win.win TWINS
Friends, exciting times are just ahead of us. Decrease in inflation represents we are getting ready and are very close to migration to new TWINS
I suggest to look at this stage as a fabulous chance to accumulate more cheap TWINS
We know that in nearest weeks after migration TWINS will offer new and very exciting features as issue of new digital assets, NFTs, collectibles. TWINS will allow us to use multiple new features in customer friendly way and via new tools as WalletApp.
Gates will open for new projects and new community to join our ecosystem that was developed for over 2 years. A lot of hard work, a lot of expectations and those days are coming when we will start enjoying of what has been created and will open a new stage of mass adoption and further development and innovation of new blockchain and tools presented.
I feel like bulls are close to show their positive mood win.win TWINS
Alex [new.capital]:
The community made it clear - want to stop the inflation right now, before the actual migration to new, symbol-based technology - code name TWINS 2.0
In order to allow gradual market adoption to this new situation, we suggest to do introduce weekly reward halving. This means that the block reward amount will be reduced by half every week. The rewards will gradually go down from our current 15.2k to as little as 100 coins within few months only. We will share the exact numbers and dates later next week.
It is important to note that this will affect masternodes, stakers and dev fund, resulting to reduced community rewards for their contributions accordingly.
It will be interesting to watch on how this affects the market for both TWINS and FIX.
I want to remind you of the wonderful service, partner and friends of the New Capital===http://crypos.io — automated masternode platform.Explore a masternode market, host your masternodes in a few simple steps, take a part in shared masternodes an.
24/7 support on the discord channel: https://discord.gg/ppwhvYJ
Edwin [new.capital]:
We would like to share a progress update on the blockchain infrastructure development. As you may know, we are working on an innovative dynamic “supply/demand” inflation model. This feature will allow the network to automatically make decisions on block rewards paid to network participants. The factors for this decision will be price, volume and transaction fees paid to the network. We expected this feature to be completed some time ago, however, we discover more and more unexpected issues on our development environment, but this encourage us even more to “crack it down”. We do have good progress and we hope to complete this important feature as soon as possible, however, it is difficult to make an estimation in terms of timing.
If you are willing to follow the progress and read some code, you are welcome to review the code contributions here:
https://github.com/NewCapital/catapult-server/commits/main
Can we launch the network without this feature now and complete is later?
Yes, we can. However, the expect for lots of issues and resources required by us and the community with such a network upgrade. Therefore, it would make more sense to launch the network with the newly introduced block reward consensus mechanism.
Do we think this feature is necessary? Definitely! This unique functionality is easy to explain and justify. The more people are using TWINS, the more TWINS are generated, versus our current linear 25 years inflation that is disconnected from the actual market need and usage. In fact, we feel that this feature is one of the top reasons to upgrade the networks.
Will we provide enough time in advance for users to upgrade? Yes! Once we are ready for public testing, we will upgrade the TWIX network first and monitor the performance of the new feature with the real-world inflation indicators for at least 90 days. Next, we will introduce a mandatory update for current TWINS network with 2 TWINS block reward with the goal to stop the inflation and motivate users to migrate to the new network ASAP. Next, the new TWINS and FIX networks will be launched and the coin swap service will be introduced on NCE, allowing users to deposit old coins and withdraw new ones. This service will be available for at least one year.
Can we introduce the mandatory update with zero inflation for TWINS/FIX already? Yes, we can. However, we are not in a position to make such a decision, and if you think it is a good idea, please vote. Should we stop the inflation already with 2 TWINS block reward? YES/NO
https://discord.com/channels/465818373305925633/523070899792904212/878235498722779177
Join the Wallet.app beta!
One more step accomplished:
1. Logins to wallet.app OAuth service, discord only so far (not new capital)
2. New homepage allows user to select your desired coins (long tap on a coin)
You can download by direct link from discord, channel =wallet-app https://discord.com/channels/465818373305925633/540119684658364426/864769668367253524
https://discord.com/invite/Yv7kjGkN4z
Let me remind you that you can take part in promoting the project and receive a reward. More details in the discord.
https://new.capital/sourceforce?q%5Bslug_eq%5D=win-win&view=project
https://my.new.capital/
https://discord.gg/US9Fvs4
http://SymbolBlog.com - community run site bringing you the latest Symbol/NEM news from around the world.
https://symbolblog.com/
https://twitter.com/blog_symbol
Give feedback to the New Capital team so we can make more informed product decisions
https://feedback.new.capital/
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https://docs.symbolplatform.com/handbook/en/
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