Topic: CryptoKingdom Uncensored - page 31. (Read 69696 times)

The decimal places maybe not, they can just be rounded down and people told not to deposit fractional amounts or they'll be lost (can be kept by the treasurer or donated to Town). The huge supply could be an issue as he pointed out, because the price on exchanges will be extremely low. That makes it difficult to trade when the spread is between 0.00000001 and 0.00000002 or even 0.00000000 to 0.00000001. In the former case the spread is enormous in percentage terms and in the latter case there is no bid because no one is willing to pay even one satoshi for a single M.

Another coin with a similar issue (Dashcoin; not Dash) but with not even as large a supply went with a 10000-1 reverse split specifically for this reason.

Do the extra decimal places have any negative effects?

I'm hoping your wrong and this goes off without a hitch, but hard to have hope when the very person who interrupted the CKG bounty to push for his agenda, doesn't even have faith in an integral part of a successful implementation of his plan.

Okay, so you just went ahead and launched a token with 18 decimals? So there are 4000000000000.000000000000000000 coins? What are we going to do with all those decimal/fractional units? And, better yet, we won't even be able to trade at 1 satoshi or even 1 litoshi with 4 trillion coins outstanding. Fucking hell I outlined how we could have 40k - 1mil coins outstanding and a 1:1 relationship for any decimal units.


I push hard for an asset as it is fucking stupid to be running a crypto game without a crypto token. Anyway, I have zero faith in PJ and think he has been massively overpaid for the quantity (i.e., minimal) as well as quality (i.e., horseshit) of development he has done. But since everyone raided the game for XMR and doesn't want to try to raise funds or hunt for a new developer, it looks like we just have Stockholm Syndrome and will keep using this same piss developer.

Well, token creation isn't very hard today  
I have sent e-mails to a few lowkey exchanges already, so after we sort out the deposits we can launch on them immediately.
After which, we'll hit the bigger exchanges, it'll probably be easier since we're already listed on some and are somewhat established.

Also, I believe this a good marketing opportunity, we should probably create a seperate thread for CKM and pay for someone on fiverr to do a video explaining what CKM and Crypto Kingdom are!
Gathering some funds for marketing purposes would be a good way to go, especially with the token launching - marketing intensifies.

EDIT:

PJ said CKM deposit option should be done in 2-3 days.

I'm impressed how quickly you put this together

Although the total supply is 3,999,999,999,706, I have created 4,000,000,000,000 CKM for rounding up purposes
The New 294 CKM will go to Town (I don't see why anyone would object to this?)

Crypto Kingdom Markka token is live
https://etherscan.io/token/0x9d0446b368a23d03b398ffa87a2978abd7af635a

I am currently in contact with PJ for setting up automatic deposit options for CKM.
After which I will start contacting exchanges about the launch of CKM!

Seems loaf has the utmost faith or why else would he push so hard for an asset that depended on PJ to help with the implementation, right?

Anyway...you won the darkside award with your well timed post ;P

I'm OK with this. Not super confident for an adequate implementation, but let's see.

Not sure if this was the same error that prevented me from logging in a few days ago (there was no error message, just kept looping me back to login), but after I cleared my cache it worked fine--also, opening in internet explorer worked too.

I get this error also ...

The KISS method is manual payouts on withdraw (which happen after the player wanting to withdraw executes a CONSUME or GIVE; I'd suggest GIVE to the depository as this avoids the need to ever create new M tokens). That can be made safer with multisig (two or more people have to approve blockchain payments).

There would be no M "consumes" but I guess sending to "new" would work as a way of requesting withdrawal from the game wallet/depository if an alternative way cannot be developed. In this sense, the number of M shown on the in-game item page could be the number of M held in the game wallet, though I am certain a better solution could be crafted. For example, there could be a dedicated cold wallet address which could be periodically checked on the block explorer for a balance.

The main thing is that the amount of M both in-game and elsewhere would be a set amount, and there would be no creation or destruction of tokens via the blockchain. That needs to be avoided.

I would also say if we can set a different amount of M outstanding before we change the name over, now is the time to do it. 4 trillion is a weird number, especially if we can use the decimal places on the ERC23 token as individual M units. I am not sure if ERC23 follows satoshis with 8 decimal places, but only 40k coins would be enough in that case (40000.00000000, or 4,000,0.00,000,000 with decimals). I would honestly consider going up to 100 trillion or even 1 quadrillion M. Maybe more, who knows. One thing we do want is that even the fractional amounts of each blockchain M are still understandable in-game (in other words, 1 satoshi equivalent in ERC23 should equal 1 M in-game).

I am fine with calling M as CK, but I was going with CKM as I recall some exchanges in the past had issues with 2 letter names (I'm sure this has changed now as I see many on CoinMarketCap with 2 letter tickers). Also, I am not sure if ERC23 has a required minimum abbreviation length. It also paired with CKO (which I am also fine having a different name for).

Whatever M/CK/CKM issuance is settled on, there will be the same number of CKO. This will allow for blockchain voting on different items, which would make a lot of sense if the game moves towards being more of a decentralized system. 

Just need SirJacket or Mooo to chime in to make it official. Obviously, it's a yes from me.

Good time to be part of CK!

I have contacted PJ to ask whether or not he'll be able to create the pathway for automatic deposits/withdrawals of the token, his answer was affirmitive.

If that's okay, I believe we should proceed with the Crypto Kingdom Markka tokenization?

What would be the KISS way to do that?

The depository can be implemented to automatically process withdraws, although that puts a high requirement level on security

I'm talking about claiming the CK they'd be withdrawing? How would you automate the process so iluvbitcoins wouldn't have to manually check their M consumes?

By withdrawing, the same as any other depository. Whether it is automated or not depends on how the depository is set up. If I recall correctly some operations (maybe only deposits?) were previously automated, some required manual assistance from the depository operator.