Transition to PoS Update 5/2/2014
How will the transition take place: Detailed
all three developers working on Client for PoS, the clients staked successfully with all three. We are still on schedule for tomorrow.
Once the CAIx PoS clients are released we will setup a trading pair on
Coinswap. CAIx will be traded 1 for 1 with CAI, no trading fees, and no withdrawal fees. We will pay a fee to Coinswap for doing this service so that exchanging your CAI to CAIx will be completely free.
Coinswap no longer requires a withdrawal address to perform transactions, you have the option to leave coins on exchange till the CAIx wallet goes up on other exchanges or transfer to your new CAIx Client on your computer to use for PoS generation. We asked Coinswap to provide detailed instructions on how to perform the swap with screen shots, which they will do. After we release the source it will take Coinswap a few hours to setup the trading pair. The exchange will last till all 1.6 Million CAIx are exchanged.
Marketing: A very important aspect of every project, will commence today and will last a few weeks. We have delayed this long enough now, and with a great progress so far there is no reason to hold back. Our marketing team is ready for us to push forward on social networks and in the crypto community.
Multi-pool: As soon as mining for CAI is finished we are ready to roll out our profit switching multi-pool. The multi-pool would create extra volume on exchanges and take out the lower sell orders and create an upward moving trend on prices.
Tiny Elementals: game is now available on Google Play and Apple Store
Game Downloads
Game: The game has proven a great success already in our open Beta, the game dev team is working on implementing the latest changes to allow players access to different servers, the original geo limited release was to detect any early bugs and make sure there is no latency problems. We are implementing changes now to allow players access to different servers and play with players worldwide. Also introducing CAIx into the game as to complete purchases or pay new weekly tournament mode winners in purses of CAIx.
How will the games/Apps play into CAIx future?
We initially wanted to use the games/apps to strengthen our stake in CAIx by doing buy back from the community, but we also realize the fact that these games/apps might create extra funds that can cause CAIx to get drained out of the market. So we have decided to create a dividend system where CAIx holders can send their CAIx to a special server and hold for period of time after which they get their CAIx back and collect dividend in BTC.
This BTC dividend will be distributed based on the amount of CAIx the person will hold on the distribution server. The holding period might vary from 8 hours to 3 days depending on the total amount of BTC to be given to holders.