Topic: [ANN][XRY] Royalties | Cryptonote | Upto 15% Interest on Deposits - page 25. (Read 31142 times)
I like the logo, I think it will be a project that will develop quickly, I'm interested to deposit, hopefully run well and progress, good luck
RoadMap
Initial launch (Completed)
We launched both the command line (simple wallet) and GUI wallets on July 14th, we have binaries for all 3 operating systems. This has have the linear interest rate formula still from XDN, until Deposits 2.0 However we did add sorting to the table (something missing from XDN) which defaults to the soonest to unlock at the top of the list on down. With Royalties having a year interest rate of 15% and a min. deposit term of ~1 month (22,000 blocks) the rates will look like this.
Months Interest Rate
1 1.25%
2 2.50%
3 3.75%
4 5.00%
5 6.25%
6 7.50%
7 8.75%
8 10.00%
9 11.25%
10 12.50%
11 13.75%
12 15.00%
Deposits 2.0
This is where we will put the ICO funds to good use and things get exciting for deposits. Three main things will be added/changed in Deposits 2.0, we will be adding compounded interest, sending address and 2 week payouts. So first interest will be compounded 2 times per month (except for a 1 month term) and we will also be extending the max term past 1 year, it will then be 5yr max. Second we will be adding a "send field" to the deposits tab, this will allow users to send others a term deposit. The final addition in Deposits 2.0 will be 2 week payouts, what this means is that your interest will be paid to you in evenly 2 week payout intervals. The principle, however remains locked until the last 2 week payout. So take 2 months with a 1,000 XRY deposit, lets say you earn 10 XRY interest. How that works is you will get 4 payouts, 2 weeks apart, the first 3 will be 2.5 XRY and the last will be 1002.5 XRY. This will all be handled on the blockchain in your own wallet.
Here is the purposed interest rates for Deposits 2.0 (mind you this is compounded interest 2 times per month)
GUI wallet 0.2.0
Plans for this are still very preliminary, we just know the current look of the XDN GUI wallet needs a big style upgrade.
Cloud wallet
This will be just as you would think, its a web/app interface that allows you access to a Royalties wallet. You will be able to make a deposit with the CloudWallet, however the private key will be held by your account on the CloudWallet. This will allow for you to sell a term deposit before its term has ended as well as recover your account (in a secure way of course) if you should ever happen to lose your passphrase. You will also have the option to remove your deposits off the CloudWallet and assume 100% ownership and accountability, this will be done by handing the private key over to you. We have bought CloudWallet.co and plan to use it for the Royalties CloudWallet.
Initial launch- Deposits 2.0
- GUI wallet 0.2.0
- Cloud wallet
Initial launch (Completed)
We launched both the command line (simple wallet) and GUI wallets on July 14th, we have binaries for all 3 operating systems. This has have the linear interest rate formula still from XDN, until Deposits 2.0 However we did add sorting to the table (something missing from XDN) which defaults to the soonest to unlock at the top of the list on down. With Royalties having a year interest rate of 15% and a min. deposit term of ~1 month (22,000 blocks) the rates will look like this.
Months Interest Rate
1 1.25%
2 2.50%
3 3.75%
4 5.00%
5 6.25%
6 7.50%
7 8.75%
8 10.00%
9 11.25%
10 12.50%
11 13.75%
12 15.00%
Deposits 2.0
This is where we will put the ICO funds to good use and things get exciting for deposits. Three main things will be added/changed in Deposits 2.0, we will be adding compounded interest, sending address and 2 week payouts. So first interest will be compounded 2 times per month (except for a 1 month term) and we will also be extending the max term past 1 year, it will then be 5yr max. Second we will be adding a "send field" to the deposits tab, this will allow users to send others a term deposit. The final addition in Deposits 2.0 will be 2 week payouts, what this means is that your interest will be paid to you in evenly 2 week payout intervals. The principle, however remains locked until the last 2 week payout. So take 2 months with a 1,000 XRY deposit, lets say you earn 10 XRY interest. How that works is you will get 4 payouts, 2 weeks apart, the first 3 will be 2.5 XRY and the last will be 1002.5 XRY. This will all be handled on the blockchain in your own wallet.
Here is the purposed interest rates for Deposits 2.0 (mind you this is compounded interest 2 times per month)
GUI wallet 0.2.0
Plans for this are still very preliminary, we just know the current look of the XDN GUI wallet needs a big style upgrade.
Cloud wallet
This will be just as you would think, its a web/app interface that allows you access to a Royalties wallet. You will be able to make a deposit with the CloudWallet, however the private key will be held by your account on the CloudWallet. This will allow for you to sell a term deposit before its term has ended as well as recover your account (in a secure way of course) if you should ever happen to lose your passphrase. You will also have the option to remove your deposits off the CloudWallet and assume 100% ownership and accountability, this will be done by handing the private key over to you. We have bought CloudWallet.co and plan to use it for the Royalties CloudWallet.
About Royalties
Royalties is a fork of XDN (DigitalNote) and will have the same linear interest formula as the original code to start with. We understand that this linear formula doesn't make locking up your coins for longer terms better. Meaning we know that most will manually compound your deposits. By depositing for 1 month and after that month redeposit the total sum, over and over. The formula should be compounding, and in Deposits 2.0 we will bring a better deposit structure. We needed development funds from the ICO, code Deposits 2.0 and many other changes.
Block reward
Block rewards start out a little different, they start small and get bigger as the network grows and so does the cost of mining. Yes block rewards are part of the network security. However if at the beginning we have 100 Transactions per day and the blockchain is still a small file. Its like the differences between securing a home WIFI and all of Google. At the beginning Bitcoin was producing about 7,200 coins per day and now about 1,800. By year 2 Royalties will be producing 7,200 or 5,400 more coins than Bitcoin is now per day. So Royalties will be producing the same amount of coins per day, that Bitcoin did in the beginning, only Royalties will do this until Total supply is reached.
•Wallet Download
https://xry.io/#download
•Exchanges
Cryptopia
XRY/BTC
XRY/LTC
XRY/DOGE
•Info
Royalties Foundation Website
https://xry.io/
Live Block Explorer
http://xryexplorer.info/
•Team
Coders/Developers
Eric (samsmith16)
Jamison
Community Managers
Rob - slack admin and bitcointalk (Royalties)
James - slack admin
placeholder (in the works)
Financial Manager
Pete (RoyaltiesFin)
•Social Media
-Twitter-
Foundation
@RoyaltiesGroup
samsmith
@RoyalCipher
-Foundation Discord-
Join Discord
Team Members Discord username
Eric (GOAT)
Jamison (jamison)
Rob (Rob_Otman)
James (james)
Pete (pete)
•Royalties GitHub
Royalties GUI Wallet
https://github.com/Vetro7/RoyaltiesGUI/releases/tag/v0.1.0
Royalties Command-line Wallet
https://github.com/Vetro7/RoyaltiesCLI/releases/tag/v0.1.0
Royalties Block Explorer code
https://github.com/Vetro7/RoyaltiesBE
•Mining
Pools
www.xrypool.co
www.xrypool.com
Royalties CPU solo mining guide
https://bitcointalksearch.org/topic/royalties-cpu-solo-mining-guide-2042721
Royalties CPU pool mining guide
https://bitcointalksearch.org/topic/royalties-cpu-pool-mining-guide-2044804
ICO Started Saturday, 1 July 2017 0038 (GMT)
ICO Ended Wednesday, 5 July 2017 0450 (GMT)
https://bitcointalksearch.org/topic/annxry-royalties-ico-cryptonote-upto-15-interest-on-deposits-1866394
Please send donations to the XRY address below.
Code:
XRY1So7woYdgbVDZXRRDFRL77DbXKCCQ92RGngs2aEviAL6v4pY2qcBbSGL3WgsUNVEAtUPZU22dhT5z2ihUFTPA6o8aUvtG9D
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