Topic: Δ DeltaCredits - Trade-in ends in less than 24 hours - page 36. (Read 81047 times)

I like that concept, but can only hope to scratch a few mBTC together in time.

But some questions sprung to mind:
What happens to SRF funds that don't find a sell order? Put on hold like missed buys to be fulfilled at next chance or reinvested into more hashing power?

The POS is 1% per year of newly minted coins?

Is it 1% of currently available coins or fixed at 1000 coins per year (1% of 100,000 coins total)

So if the price raises high enough that the SRF wouldn't manage to  buy back at least 1% of coins in a year the amount of coins could raise again and together these two mechanisms could form an equilibrium one day, countering market forces with SRF buying back more coins if the price drops, strengthening the bullish forces in a weak market, and with POS adding coins strengthening the bearish forces while SRF being weakened in a strong market?

Interesting indeed.

Less than 12 hours remaining.

We are firm on the ending time of 8 PM EST. There will be no delays. If the starting marketcap of DeltaCredits is low, then there is plenty of more room for price growth. If the marketcap is high, the SRF will work at a greater efficiency and DCR will get more attention. It's a win win situation both ways.

dev you want make later ending time? no many people invest yet 

Less than 24 hours remaining in the ICO.

Some of you have asked me to make a more clear explanation on how the SRF works, and also a few have told me that a currency with a decreasing supply is dumb.

Well, time to set a few facts straight.

First off, the Supply Reduction Fund is a reserve of BTC used to purchase and destroy DeltaCredits.
Most of the ICO funds will be transferred to BitMain’s cloud mining services, and used to purchase AntMiner S3 and S5 hashing power. Every day, mining revenue will be generated. This revenue will be sent to a exchange, and in turn be used to purchase DeltaCredits on the market (instant purchase from the lowest sell order). Then, the freshly purchased DeltaCredits will be sent to the burn address, effectively taking them out of circulation. And this will occur on a daily basis.

But why are we destroying the coins? Why are we lowering the supply? We are destroying the coins to make DeltaCredits more scarce, more rare. We are following one of the prime laws of the free market: “the lower the supply, the higher the demand”. DeltaCredits is one of the more financially-centric currencies out there. Over time, as the supply decreases, we can except the price of DeltaCredits to increase.

Also note that the decrease in supply does not affect the holdings of investors. This is not negative staking, the coins in your wallet will not decrease. As mentioned earlier, only coins purchased off of the market by the SRF will be destroyed.

And another popular question: how many DeltaCredits will the SRF purchase off of the market, per day?
Well, let us use an example here. Let’s say that the ICO raises 100 BTC. If all of this money is vested into BitMain’s Hashnest, we can expect a 0.3%-1.2% return per day (depending on pool luck etc.). So that is 0.3 BTC – 1.2 BTC of mining revenue per day. If the price of the coin remains the same as the ICO price, then it would only take on average less than 5 months to purchase the entire supply (considering an average of 0.7% of the supply is purchased per day). To be able to purchase the entire supply is nearly impossible because at least some people will hold their coins in their wallets. An appreciation of value-per-coin is inevitable.

Hopefully this clears a few things up.

Best regards,
Adam

almost 1 day left 

Official twitter account: https://twitter.com/mishuuae1

Using my personal account for this

We're at 53 hours remaining in the ICO with just over 0.3 BTC raised. Current price per coin is at 0.00000302 BTC each (100,000 coin supply). Just to note, if you make a deposit, please send me a PM with your TXID because if you don't, I cannot credit you with DCR (1 person hasn't sent me a PM).

Also, please feel free to drop by DeltaCredit's Slack channel: deltacredits.slack.com
Message me with your email for an invitation.

Invitation sent.

PM sent.

I have created a Slack discussion channel for DeltaCredits. If you would like an invite, please PM with your email address.

deltacredits.slack.com

No problem. In the near future, I may include a FAQ section in the OP because there are a bit of people sending me PMs on similar inquiries.

ok thank you dev for reply

As a matter of fact, I do. I've been working on a draft in regards to a mining operation purely dedicated to supporting the SRF- located near Toronto where I live. There are many collocation services with competitive pricing in Ontario, that would host miners for a small fee/low industrial electricity costs.

Cloud mining usually cuts over 40% in revenue to pay for electricity and maintenance, so running a local mining operation is a viable but time consuming option. BitMain just recently announced the BM1385 chip with 0.21W/GH nominal efficiency, which should be in their next-gen Antminer S7. Depending on how much the ICO receives, a bunch of these S7s (that should be coming out somewhere in Q3 2015) could easily allow more revenue to support the SRF.

I still am working on future developmental improvements for the SRF.

dev nice picture 

u have a plan to make SRF make more btc per day so more delta credits are buy from market every day 

Rendering in progress. Hopefully one of these will be used for marketing purposes in the near future.

If I had the btc I would buy . If I get some before ends I will . Will see .

And no problem . Hope it does good .