Topic: BlueCredit [BCT] - System [New Cryptocurrency] - page 2. (Read 783 times)
I am currently not too interested in all new token listings because now I am still waiting for altcoin that I have for listing on the exchange.
The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this?
How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched?
I dont know exactly what it is and how it works but as normal condition, burn 50% of total get make the lower fee compare with other.
And also people more interest with cryptocurrency which is applied small fee.
Imo 0.0001% is a small fee and let me discribe it with an example:
You send 10k GreenCredits to your friends wallet. The fee would be 0.00100000 GC in that case.
0.0005 GC go to the miners, the other 0.0005 GC will burned with the transaction.
if the project looks good enough and I have to study it again, if the burning function prevents the coin to be worthless, and no one uses it, nobody wants it even no one buys it,
does it become worthless like the others
does it become worthless like the others
The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this?
How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched?
I dont know exactly what it is and how it works but as normal condition, burn 50% of total get make the lower fee compare with other.
And also people more interest with cryptocurrency which is applied small fee.
Discord for this project is open to join: https://discord.gg/M8xXnfd
I was curious and I like to know more about this idea
invitation link has been expired. Can you post new?
thanks
https://discord.gg/SydXtRu
My fault, thx.
Discord for this project is open to join: https://discord.gg/M8xXnfd
I was curious and I like to know more about this idea
invitation link has been expired. Can you post new?
thanks
More opinions?
The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this?
How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched?
Every coin is worthless after launch. And nobody said the burning function prevent the coin becomming worthless. If nobody use it, nobody want it and nobody buy it, then it becomes worthless like everything else would do.
But imagine all people of the world are using the ECredit System and pay their bread with GCredits - im talking about that point.
Getting this scenario is an other question...maybe it's just believing in the concept.
The 1.000.000.000 BlueCredits are 100% "premined" and will contibuted in a quite similar way like ICOs do.
Marketing and bounty campaigns and so on.
Additional to that there is a amount that will used to "reward" companies/ websites/ services that decide to use, accept, pay GCredits - For example Amazon would get 1 mio BlueCredits from me, if they accept GCredits as payments .
Sure it would start with smaller partners, but you know what i mean.
You are saying will burn only 50% of transaction fees not the Blue Credits then how is it regulating? I don't see coin supply reduces over the period with more usage like in Ripple case as you know they are allotting to the banks who are going to use Ripple as a medium to transact. Then every transaction completes there is little portion of Ripple tokens gets burned as a transaction fees in this case may be i am missing something here? Can you elaborate how the tokens getting burned.
First i believe in the decentral system, the main reason BTC was created. Ripple is something that use the technology for the other side. I dont like the way cooperating with banks. Sure it will rise, but is it the money we use in future? I think not. It's just way for banks to live longer. In the end, i think a decentral currency will take over, deosn't matter what banks and gouvernements say or do.
So pls don't compare anything to ripple )
I don't think token is the right definition. Like i say, the GreenCredits are the main used money for the daily transaction needs, the GC regulates itself, not the BlueCredits!
BC are like BTC or Gold. There is no burn or creation of these, it's just the base of the whole system.
I do agree with you Ripple is Centralized even though they burn coin it's all in control of banks again weather they want to take it up or down their best interest. I am not a fan of Ripple but trying to understand concept i guess used wrong example. So Blue Credits stay constant and creating interest in users to hold those for mining green credits and they can spend these for their daily use in platforms where we integrated our Coin for transactions. So project success depends on how many platforms we integrate this coin for real time transactions.
I think it's great idea needed good team effort and may be need one of our own Marketplace to start integrating our coin like forking a "Openbazar" or similar and working with other small retails who can accept our Green Credit. Thank you on your clarification looking forward to move forward will wait for updates.
At least you can say the plan is creating something like ripple with the vison of bitcoin. But like i said i dont want compare this to something else, have to be unique.
Make it easy and worthfull to accept this coin is the majory marketing plan. This is no ICO, but the BlueCredits will be shared for organisations that accept GCredits as payments and more.
The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this?
How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched?
Every coin is worthless after launch. And nobody said the burning function prevent the coin becomming worthless. If nobody use it, nobody want it and nobody buy it, then it becomes worthless like everything else would do.
But imagine all people of the world are using the ECredit System and pay their bread with GCredits - im talking about that point.
Getting this scenario is an other question...maybe it's just believing in the concept.
The 1.000.000.000 BlueCredits are 100% "premined" and will contibuted in a quite similar way like ICOs do.
Marketing and bounty campaigns and so on.
Additional to that there is a amount that will used to "reward" companies/ websites/ services that decide to use, accept, pay GCredits - For example Amazon would get 1 mio BlueCredits from me, if they accept GCredits as payments .
Sure it would start with smaller partners, but you know what i mean.
You are saying will burn only 50% of transaction fees not the Blue Credits then how is it regulating? I don't see coin supply reduces over the period with more usage like in Ripple case as you know they are allotting to the banks who are going to use Ripple as a medium to transact. Then every transaction completes there is little portion of Ripple tokens gets burned as a transaction fees in this case may be i am missing something here? Can you elaborate how the tokens getting burned.
First i believe in the decentral system, the main reason BTC was created. Ripple is something that use the technology for the other side. I dont like the way cooperating with banks. Sure it will rise, but is it the money we use in future? I think not. It's just way for banks to live longer. In the end, i think a decentral currency will take over, deosn't matter what banks and gouvernements say or do.
So pls don't compare anything to ripple )
I don't think token is the right definition. Like i say, the GreenCredits are the main used money for the daily transaction needs, the GC regulates itself, not the BlueCredits!
BC are like BTC or Gold. There is no burn or creation of these, it's just the base of the whole system.
I do agree with you Ripple is Centralized even though they burn coin it's all in control of banks again weather they want to take it up or down their best interest. I am not a fan of Ripple but trying to understand concept i guess used wrong example. So Blue Credits stay constant and creating interest in users to hold those for mining green credits and they can spend these for their daily use in platforms where we integrated our Coin for transactions. So project success depends on how many platforms we integrate this coin for real time transactions.
I think it's great idea needed good team effort and may be need one of our own Marketplace to start integrating our coin like forking a "Openbazar" or similar and working with other small retails who can accept our Green Credit. Thank you on your clarification looking forward to move forward will wait for updates.
Start looking for people who wants to join the journey - hide me up if someone is interested!
The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this?
How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched?
Every coin is worthless after launch. And nobody said the burning function prevent the coin becomming worthless. If nobody use it, nobody want it and nobody buy it, then it becomes worthless like everything else would do.
But imagine all people of the world are using the ECredit System and pay their bread with GCredits - im talking about that point.
Getting this scenario is an other question...maybe it's just believing in the concept.
The 1.000.000.000 BlueCredits are 100% "premined" and will contibuted in a quite similar way like ICOs do.
Marketing and bounty campaigns and so on.
Additional to that there is a amount that will used to "reward" companies/ websites/ services that decide to use, accept, pay GCredits - For example Amazon would get 1 mio BlueCredits from me, if they accept GCredits as payments .
Sure it would start with smaller partners, but you know what i mean.
You are saying will burn only 50% of transaction fees not the Blue Credits then how is it regulating? I don't see coin supply reduces over the period with more usage like in Ripple case as you know they are allotting to the banks who are going to use Ripple as a medium to transact. Then every transaction completes there is little portion of Ripple tokens gets burned as a transaction fees in this case may be i am missing something here? Can you elaborate how the tokens getting burned.
First i believe in the decentral system, the main reason BTC was created. Ripple is something that use the technology for the other side. I dont like the way cooperating with banks. Sure it will rise, but is it the money we use in future? I think not. It's just way for banks to live longer. In the end, i think a decentral currency will take over, deosn't matter what banks and gouvernements say or do.
So pls don't compare anything to ripple )
I don't think token is the right definition. Like i say, the GreenCredits are the main used money for the daily transaction needs, the GC regulates itself, not the BlueCredits!
BC are like BTC or Gold. There is no burn or creation of these, it's just the base of the whole system.
The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this?
How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched?
Every coin is worthless after launch. And nobody said the burning function prevent the coin becomming worthless. If nobody use it, nobody want it and nobody buy it, then it becomes worthless like everything else would do.
But imagine all people of the world are using the ECredit System and pay their bread with GCredits - im talking about that point.
Getting this scenario is an other question...maybe it's just believing in the concept.
The 1.000.000.000 BlueCredits are 100% "premined" and will contibuted in a quite similar way like ICOs do.
Marketing and bounty campaigns and so on.
Additional to that there is a amount that will used to "reward" companies/ websites/ services that decide to use, accept, pay GCredits - For example Amazon would get 1 mio BlueCredits from me, if they accept GCredits as payments .
Sure it would start with smaller partners, but you know what i mean.
You are saying will burn only 50% of transaction fees not the Blue Credits then how is it regulating? I don't see coin supply reduces over the period with more usage like in Ripple case as you know they are allotting to the banks who are going to use Ripple as a medium to transact. Then every transaction completes there is little portion of Ripple tokens gets burned as a transaction fees in this case may be i am missing something here? Can you elaborate how the tokens getting burned.
I believe in project and pretty much interested in getting involved in building this project as a active team member and investor. I am still analyzing whole scenario, will give all my inputs to build this to reality. I can be helpful in product development, real world use case scenario implementations. Have a team for web development we can get some help.
I'm gooing looking for people who want to join and help realzing this coin with this concept. First of all i will create a discord group today for everyone whos interesting in this.
The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this?
How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched?
Every coin is worthless after launch. And nobody said the burning function prevent the coin becomming worthless. If nobody use it, nobody want it and nobody buy it, then it becomes worthless like everything else would do.
Ok, so burning the transaction fees in no way helps regulate the coin.
You shouldn't claim it does.
Let's say it "could", sure it don't exclude the first steps of every currency - get known, used and believing in the concept.
But if this coin reaching this point, it would be regulate itself depending on transaction numbers and values.
The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this?
How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched?
Every coin is worthless after launch. And nobody said the burning function prevent the coin becomming worthless. If nobody use it, nobody want it and nobody buy it, then it becomes worthless like everything else would do.
Ok, so burning the transaction fees in no way helps regulate the coin.
You shouldn't claim it does.
The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this?
How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched?
Every coin is worthless after launch. And nobody said the burning function prevent the coin becomming worthless. If nobody use it, nobody want it and nobody buy it, then it becomes worthless like everything else would do.
But imagine all people of the world are using the ECredit System and pay their bread with GCredits - im talking about that point.
Getting this scenario is an other question...maybe it's just believing in the concept.
The 1.000.000.000 BlueCredits are 100% "premined" and will contibuted in a quite similar way like ICOs do.
Marketing and bounty campaigns and so on.
Additional to that there is a amount that will used to "reward" companies/ websites/ services that decide to use, accept, pay GCredits - For example Amazon would get 1 mio BlueCredits from me, if they accept GCredits as payments .
Sure it would start with smaller partners, but you know what i mean.
The transaction fee is determinated on 0.0001 % of any amount. 50% of the transaction fees goes to the miners that solve the transactions, the other 50% were burned! This is how the coin regulates itself.
Can you explain this?
How does burning 50% of the transaction fees prevent the coin from becoming worthless after it is launched?
Ok let me clear this to you. Even though you burn half of the transaction fee it will just add to the total supply and thus it is not as you mentioned will regulate itself. Second since you need green credit to transact blue credit, therefore you would be needing an initial green credit for every blue credit that they have so that the user can use this as transactions. Third, what is the function of blue credit that is not yet a feature of any cryptocurrency, the community needs and wants a functions that is unique so that the "investment" you are talking about blue coin is possible.
1. I don't understand why you believe it's not possible to burn coins with transactions? Sure it regulates itself.
If there too many coins out there the price fall and people pay more credits for fees for the same dollar/or btc value.
It will find a pretty stable price in the end and thats the goal.
2. Sure there is a beginning supply of GreenCredits and a simulated transaction flow to start this system.
3. There 2 kinds of crypto needs. Fast anonymous safe money to send and receive payments in daily life & investment and speculation possibilities.
GreenCredits going to be a stable fiat opportunity.
BlueCredits are more like gold or Bitcoin. People want get it and hold it cause its generate money for them. And together with a max supply its going up longterm for sure (if the whole project success). So BlueCredits are the core element everybody whant to have. And after you hold BlueCredits, you will think twice when you going sell them.
Ok let me clear this to you. Even though you burn half of the transaction fee it will just add to the total supply and thus it is not as you mentioned will regulate itself. Second since you need green credit to transact blue credit, therefore you would be needing an initial green credit for every blue credit that they have so that the user can use this as transactions. Third, what is the function of blue credit that is not yet a feature of any cryptocurrency, the community needs and wants a functions that is unique so that the "investment" you are talking about blue coin is possible.
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