Topic: [ANN]XDE II coin.NOW 300% POS for a few months. 4hr min stake, only 100k coins. - page 132. (Read 228471 times)

you need 35 confirmations till the coins is visible again. XDE2 cannot be mined...its a POS-coin still

Bravo Vegas 

Sounds interesting.  Watching.

So on the new POSP after 30 days of staking and the beginning of a new cycle I take it I will be able to transfer my coins to a new xde II wallet on another computer without incurring much of a loss as to the age of the coins?

Guys shouldnt be much longer on the rest of the graphics for the new wallet. Meanwhile I want to remind everyone that these extremely high POS rates wont last forever, they cannot last forever or the coin will self implode due to inflation. So youve probably noticed the price on the sell side slowly dropping. This is good, and it can also be bad. Im purposefully dropping the price slowly to see were people begin to buy. However once the coin becomes very active then the POS rate will be reduced. So the time to get the coins is now BEFORE the POS rate is reduced. Prices are the lowest ever on the sell side. I will drop prices at a much slower rate now until there is volume. The sellers that hold the coins will slowly drop the price, and hopefully buyers will come up in price and we meet in the middle that both sides agree on, and we can begin to create some nice volume. I can then still offer a very attractive POS rate to stabilize the price and keep it level.  

https://www.yobit.net/en/trade/XDE2/BTC

Vegas

I am excited for the release of the new wallet -
Vegas-Thank you for all of your hard work.

So ive updated more of the icons you can expect to see in our next update coming soon. I can assure you, you have not seen the best part yet

As I have explained previously, the shield is your staking icon. When you are NOT staking, it will be black on the inside. When you are staking, a gold eagle will appear.

When you are fully synced then the icon on the bottom of the oval panel that looks like people holding hands will appear, to signify you are synced.

Vegas

WOW it looks great.
My wallet staking 24 hours a day.

Bravo vegas 

Coming soon!!!

Just finishing the graphics on the icons. But this will be a glimpse of what we are working on. The tower as you already know will be the connection strength. The shield when not staking will be plain black in the center. When staking is active a golden eagle will appear as shown.



Vegas

@VegasGuy - thanks for the clear explanation above!

Guys there is a major updated headed your way. It includes the following updates to bring more value to xde2:

POSP explained:

Proof-of-Stake currently works to protect the network when owners ‘stake’ their XDE2 at a given time – a service for which they are compensated with an interest payment on their staked coins.

The current implementation operates based on the consumption of coin age and dictates that minted XDE2 be awarded as an interest payment on XDE2 staked at minimum intervals of 1 day to earn a 500% annual interest up to a maximum of 28 days to earn at 500% annual interest. Once this interest payment is awarded, the accumulated coin age is destroyed and the staked XDE2 starts to accumulate age again until it reaches the 1-28 day threshold to become eligible to earn it’s next stake. This reward structure encourages owners of XDE2 to hold their funds offline to accumulate the necessary amount of coin age for periodic staking to only then be returned off-line for the process to repeat. Periodic staking does not secure the network to its maximum potential, yet by design, this is exactly what is encouraged and rewarded. Please note that XDE2 is not the only PoS implementation that rewards for counterproductive behavior – this is the norm for PoS implementations across a vast majority of coins.

Our proposed solution to the periodic staking concern is the implementation of Proof-of-Stake-Participation (PoSP). In this version of Proof-of-Stake, coin age is removed thereby negating the incentive for keeping XDE2 offline where it does not protect the network. Additionally beneficial is the removal of a weakness for attack on the network via an accumulation of coin age. To gain control of the network, a nefarious party would need to own over 50% of XDE2 in circulation rather than having the opportunity to cheat the system by using the ‘age’ multiplier.

For example, with coin age (number of coins * days coins held) 100 coins held for 28 days becomes the equivalent of 2800 coins (100 x 50). With the removal of coin age and its multiplying effect, 100 coins will always equal 100 coins so the would-be attacker is forced into a position of truly purchasing the majority share of existing XDE2 making the attack self-destructive, illogical and valueless.


Pow re-enabled with small reward of .0001 to keep chain moving and for those of you that want to earn extra xde2. This will then be a hybrid coin with both POW and POSP. These two changes with secure the chain, and will keep the chain always moving, better than ever.

Think XDE2 looked good before? Wait till you see this!!

So, we are about 1 week out from releasing this update. But it will be exciting changes that will make XDE2 even better . When I started Xde2 6 months ago, I stated that this is a long term project, and that I would continue to work on it, and improve on it on a regular basis, and I have done just that. Thank you to those that have trusted me.

Vegas

Adding back POW would guarantee the chain would keep moving even if
a lot of wallets were closed. I like the idea, as long as, the POW rewards are kept low.

Wallet now back online at Yobit. I dont know why it keeps coming back online and going into maintainaince. We are changing nothing.

Update: Ok so it appears that on Yobit if the last block is more than 30 minutes, then the wallet goes into maintaince mode. So I have a fix for this. Just need time to implement and test (Less than a day).

There is another option, but I need to get feedback. Pow is implemented but turned off in the wallet. We COULD easily turn pow back on and make it a hybrid. If we did that, the reward would be VERY low to keep prices high. The original reward for XDE was I think .01 XDE , but I would need to look this up to be sure. Anyway, this is just an idea, thats all it is. It would bring more interest to XDE2 and make the chain even stronger.

Vegas

Guys XDE2 wallet online at Yobit : https://yobit.net/en/trade/XDE2/BTC

The short version is the owner of Cryptopia and I got into a heated discussion regarding issues of the fly wallet. In the end Cryptopia decided to delist XDE2 and fly. After a long discussion, Cryptopia agreed that they would release the fly if users submitted a ticket. They have stood by their word and have rapidly released fly funds to those that have asked. We are working on getting our wallet out of maintaince on yobit as we speak for fly and xde2.

Vegas

https://www.cryptopia.co.nz/Exchange/?market=XDE2_BTC




what happened on cryptopia?`?

Guys we are delisting from Cryptopia, and opening up on another exchange. Please remove all of your XDE2 from Cryptopia by 6/1/15.

Vegas

Will do and good to see you have a lot of projects to bring in value to the XDE2 and FLY project.

Hi BTC-BTC. You may or may not know we run all of backend on our on servers from fly and xde2 coin. We just built a high end server , and a 1Gps fiber optical line to also sell fast seed nodes to the public. Anyway the server is up and running. If any other devs need some fast seed nodes or a fast Block Explorer. Let us know.

Vegas