Topic: [ANN][XRY] Royalties - ICO | Cryptonote | Upto 15% Interest on Deposits - page 5. (Read 6943 times)

Please post more detailed information......

Well its all about the decimal, really its the same amount of units as other cryptonote coins, they just put the decimal in a different place.


18,446,744.073709551616     -12  (monero)
184,467,440,737.09551616    -8   (bytecoin)
18,446,744,073,709.551616   -6   (Royalties)

I think too many total HUGEcoins dev
not effective

RoadMap

• Initial launch
• Deposits 2.0
• GUI wallet 0.2.0
• Cloud wallet

Initial launch
Our goal is to have both the command line (simple wallet) and GUI wallets release by Monday, 10 July, we plan to release binaries for all 3 operating systems. This will 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)

1 to 5 months             6% APR
6 to 11 months            9% APR
1 to 4 years               12% APR
5 years                      15% APR

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.

HugeCoin has been changed to Royalties (This name has come from samsmith16, as well as a lot of the new additions)

ICO Started Saturday, 1 July 2017 0038 (GMT)
ICO Ended Wednesday, 5 July 2017 0450 (GMT)

http://i.imgur.com/v3lm67Q.png

   Name: Royalties
   Year Interest rate: 15% (on Term Deposits)
   Total coins: 18,446,744,073,709 (6 decimals)
   ICO: 0.1% (No development permined)
   Block time target: 2 Minutes
   Block reward: 100Rp (10x increase every year [264,000 blocks], max 10R )
   Algo: Cryptonight
   Ticker: XRY

   Decimal breakdown:
            1.000000   =      1R            
            0.100000   =   100Rp         
            0.010000   =    10Rp
            0.001000   =      1Rp
            0.000100   =   100Ri
            0.000010   =     10Ri
            0.000001   =      1Ri   

          Decimal Terms:
            0.001 -         Rp    Royal points
            0.000001 -    Ri     Royal bits

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 need development funds from the ICO to do this and many other changes. With saying that, and to keep with the higher number of coin from HugeCoin we will be giving a 250x multiplier on deposit interest for 3,600 blocks (~5 day). This will help create the liquidity we see a crypto needing for the future, as well as give the ICO backers a bounce and encourage deposits. Deposits will be a huge part of keeping the price of Royalties stable, as well as help bring more coins to the market.  

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.


ICO
The ICO will be capped at 15 Bitcoins and will be ran anonymously, I don't want to know your IP, your name or your email address. I simply need signature proof that you are the one who sent the Bitcoins and I need your Royalties address at launch. A few things must be stressed here you must have signing rights to the Bitcoin address you send from, this means no exchanges or sending from a mixer. This is because once we hit that 15 BTC max all coins past that will be returned to the sending addresses. Also if bitcoins are received and no communication has been made, with whom sent them and proof, they will be returned. The ICO address is not for donations, there will be a separate address for that. The last part of the anonymous ICO is that a stealth Bitcoin address will be used. No one will know your sending address except for me. Use the address below to send your Bitcoin.



Validate your ICO Contribution
We well be using the encrypted messaging feature of the Royalties wallet, as well as the DigitalNotes wallet (get XDN here http://digitalnote.org/)

Here is the XRY address to send your message.
Here is the XDN address to send your message.
Please check the "Add Reply To" box so we can communicate, if you do want to validate before the Royalties wallet is released, just know you will need to send a second message with your Royalties address. In your encrypted message you will need to sign a Bitcoin message and look like the below example.

Encrypted Wallet Message

• Bitcoin address
• Message
• Signature

This is what the Bitcoin message should have in it.
Bitcoin Message

• ICO amount
• Royalties address

Exchanges

Cryptopia
XRY/BTC
XRY/LTC
XRY/DOGE



Info

Royalties Foundation Website
https://xry.io/

Live Block Explorer
http://xryexplorer.info/




Social Media

Twitter
Foundation
@RoyaltiesGroup
samsmith
@RoyalCipher

Foundation Slack
x-r-y.slack.com
Join



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



Royalties CPU solo mining guide

https://bitcointalksearch.org/topic/royalties-cpu-solo-mining-guide-2042721



Please send donations to the XRY address below.