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Topic: [ANN][XEL] Elastic Project - The Decentralized Supercomputer - page 282. (Read 450524 times)

newbie
Activity: 18
Merit: 0
we can use this to hack bitcoin private key
hero member
Activity: 1036
Merit: 501
Hey EK,

When are the donators going to receive the XELs?

Regards,
Vibhor
legendary
Activity: 1260
Merit: 1168
The ICO is over now. Can someone please make a timeline?

You are correct, I think a timeline or road-map could be a good thing for investors.

There are no investors. Lannister collected donations, with no guaranteed reward/profit and no percentual participation in anything whatsoever. Let's not claim anything else!

The development is sort of decentralised! There is no "head" who delegates tasks, but there are (meant to be) independent developers who program their stuff, and all parts which are put together by consensus are Elastic. So I can only give a road map for what I am programming which is basically the Wallet, the Reference Client implementation, the Elastic Programming language and the Mining application. I will try to do it today within the next few hours, I was tied up the last 2 days with the voting platform so this got a bit delayed. The voting platform will go online today as well (Lannister I will check it into Github and you could it install on your server, right?)

Roadmaps for the website (Isarmatrose is working on it as far as I remember), for Promotions and Articles (I guess Lannister would be the one doing that) and other parts of Elastic (we still need a guy for the block explorer, faucet, etc.) have to be done by those people then.
sr. member
Activity: 479
Merit: 533
The ICO is over now. Can someone please make a timeline?

You are correct, I think a timeline or road-map could be a good thing for investors.
member
Activity: 122
Merit: 10
The ICO is over now. Can someone please make a timeline?
sr. member
Activity: 448
Merit: 250
Ben2016
We could make it Elastic. For those who want different coin amounts they can see their percentage expressed in their preferred  way. lol kidding
I think the big advantage of having higher number of shares like 100 million, is market anticipation and the psychology that plays well in most traders' minds. Vote for 100 million !
full member
Activity: 124
Merit: 100
We could make it Elastic. For those who want different coin amounts they can see their percentage expressed in their preferred  way. lol kidding
hero member
Activity: 500
Merit: 507
I know that there is an intention to vote on the total number of coins, and there are vast differences between the different opinions.
I think it could be beneficial if we had some kind of summary (doesn't have to be made only by one person) regarding the pro's and con's of more vs less coins prior to voting. that could help take a more founded decision.

Thanks.
dx5
sr. member
Activity: 303
Merit: 251
This seems like a very interesting coin. I just got back into crypto. Can somebody please, I beg, give a summary of the 64 pages? Since it's hard to get a sense just reading random pages. Has the coin launched, when will it launch, is it to late to get coins or will I have to wait for an exchange?

The donation period for getting coins just ended earlier today.  The OP and other posts seem to suggest the hackathon and testnet phases may occupy the next few weeks, more focused on getting it right than rushing, yet presumably followed by when the coin could go live enough for people to get it on an exchange.

(Disclaimer: I have no inside knowledge, just having previously looked at the thread and elsewhere to gain enough confidence in Evil-Knievel's apparently excellent coding skills to send in several bitcoin).

Thanks. I always get in late.

This seems like a very interesting coin. I just got back into crypto. Can somebody please, I beg, give a summary of the 64 pages? Since it's hard to get a sense just reading random pages. Has the coin launched, when will it launch, is it to late to get coins or will I have to wait for an exchange?
I don't know if I can summarize the 64 pages, but I'll answer some of your other questions : the coin sale ( or donation) is over now. You have to wait for the exchanges maybe in 3-4 weeks.

Thanks.
sr. member
Activity: 448
Merit: 250
Ben2016
This seems like a very interesting coin. I just got back into crypto. Can somebody please, I beg, give a summary of the 64 pages? Since it's hard to get a sense just reading random pages. Has the coin launched, when will it launch, is it to late to get coins or will I have to wait for an exchange?
I don't know if I can summarize the 64 pages, but I'll answer some of your other questions : the coin sale ( or donation) is over now. You have to wait for the exchanges maybe in 3-4 weeks.
newbie
Activity: 28
Merit: 0
legendary
Activity: 1694
Merit: 1054
Point. Click. Blockchain
how much was collected on ico?

A little over 700 BTC I think.


-tb-
newbie
Activity: 28
Merit: 0
how much was collected on ico?
newbie
Activity: 62
Merit: 0
This seems like a very interesting coin. I just got back into crypto. Can somebody please, I beg, give a summary of the 64 pages? Since it's hard to get a sense just reading random pages. Has the coin launched, when will it launch, is it to late to get coins or will I have to wait for an exchange?

The donation period for getting coins just ended earlier today.  The OP and other posts seem to suggest the hackathon and testnet phases may occupy the next few weeks, more focused on getting it right than rushing, yet presumably followed by when the coin could go live enough for people to get it on an exchange.

(Disclaimer: I have no inside knowledge, just having previously looked at the thread and elsewhere to gain enough confidence in Evil-Knievel's apparently excellent coding skills to send in several bitcoin).
newbie
Activity: 62
Merit: 0
Personally I like the idea of a nice very round number for the total coin supply, e.g. either 10 million, 100 million, or 1 billion.

100 million could be the optimal number of coins, based on the following logic:

Sample near-term target price per Elastic coin: around 10 cents in Euros or USD, around 0.2 mBtc or 0.0002 Btc (without too many leading zeros)

That would be cheap enough to psychologically feel easy to buy but not Dogecoin levels of needing an astronomical number to pay for anything much.

Anticipated (wild guess) market capitalization: perhaps heading towards a $10+ million level before very long ... which would hence make the prior price target per coin occur

Also, perhaps the interface might eventually show the current equivalent price in fiat currencies as well, sometime after the coin is on exchanges giving price data.  (I'm thinking of newbs kind of like me.  I have been using cryptocurrencies for a year now but still find it easier to think in cents than in satoshi or even mBtc, especially as the value of Btc fluctuates more anyway).
dx5
sr. member
Activity: 303
Merit: 251
This seems like a very interesting coin. I just got back into crypto. Can somebody please, I beg, give a summary of the 64 pages? Since it's hard to get a sense just reading random pages. Has the coin launched, when will it launch, is it to late to get coins or will I have to wait for an exchange?
hero member
Activity: 714
Merit: 510
Quiero mi bocadillo
Whats the f**k "Holy guacamole, the donation phase is over! Hang tight! More infos coming soon!" Grin
hero member
Activity: 1138
Merit: 574
Hey,
Could you give the amount of btc you raised on your ICO ? I would update my website accordingly.
Thanks Wink
legendary
Activity: 1260
Merit: 1168
yea, 0 Blocks TIME LEFT  Smiley congrats on successful ICO.. now how and when are tokens getting distributed? and as i understood the rest 21% of unbought tokens will get distributed among participants depending on donated percentage right?

edit: will be voting this week?

Expect the voting tomorrow  Wink
ImI
legendary
Activity: 1946
Merit: 1019

Edit: Also to avoid having like 100 different sizes that we have to vote for i would just offer some fixed proposals like: 5m, 10m,50m,100m, 500m, 1B.

Why not offer just 3 options: 5m, 1B and 5B?

1B, 5B? What are you talking about?
If we can't stay with 5M then don't exceed 100m - please...

to me 100m or 500m seems like a good compromise. 1B has the issue that we get a big spread at exchanges which hinders adoption.

to offer only 3 options in the vote isnt needed imo, we can have at least 5.

5m, 21m, 100m, 500m , 1B

Do you think the spread issue would be so serious as to really exhibit that effect? I doubt it. Plus, a 1B cap would also help due to reasons you've already mentioned below.

Anyway, if 1B would be too much, I guess 500m would be my choice.

500m seems like a really good choice imo
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