Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 177. (Read 148848 times)

https://chainz.cryptoid.info/note/

April 27 - Ends first CRISP period.
May 4 - Payout starts.
May 27 - Ends second CRISP period
June 3 - Payout starts

Roughly.

What are the approximate dates of those blocks being found? Where is the DNotes block explorer?

Hi Yefet,

Yes that is correct. The CRISP related tabs are removed, as CRISP is now a function of the blockchain.

Your previous CRISP accounts and addresses, are now moved over to the dashbaord to operate as normal DNotesVault accounts (and unlocked).

Oh, my fault. First I'd like to mention, virtually no one will receive the first payout for CRISP.

You must have your coins at your address by block 43,200 (cut off), and remain at that address until block 86,400 (cut off 30 days after), and that CRISP payment will be made starting at block 96480 (1 week later).
Every 30 days or 43,200 blocks will begin a new CRISP period.
1 week after the CRISP period, or 10,080 blocks later, that CRISP reward will start paying out.

Thanks Joe (DNotes), you answered all my questions except one: when does the first period for CRISP reward eligibility start and end?

@DNotes

Well,I've just checked my DNotesVault account and not found the CRISP related tabs 
Are they not ready yet? And what did happen to the previously opened CRISP accounts? Should they be renewed by the holders?

Exchange Update: Cryptopia is working very hard to get the process started today.

Agreed, once we can push out cold staking there will be a huge benefit to users, while simultaneously keeping them safe and supporting the network. There is always a trade off between security, ease of use, and functionality. Cold staking is the best option for the near term.

You can chose both, I would just recommend starting off slowly. Make sure you have a good understanding of what is needed to backup and protect your wallet.

This is a good place to start:
https://dcebrief.com/protecting-your-cryptocurrency-what-is-the-best-bitcoin-wallet-for-you/

Use offline procedures where possible, especially during the creation and encryption of your wallet. Don't enter your password online where possible.

That is correct CRISP is paid out of the blockchain and based on address. So staking only adds to the amount of coins you can receive.

Staking transactions are specifically designed to allow CRISP to identify a staking payment, and not interfere with CRISP payments.

One of the more prominent New Zealand cryptocurrency pages featured a post about DNotes today. It was lengthy, and well written. I could tell that the page admin, Felix spent a bit of time reading through all of our material. See the link below for the full post, and I'd recommend following his page, there is some good content there.

https://www.facebook.com/CryptoNewZealand/posts/226877917891630

I would have to vote against this. A widely decentralized network of nodes is vital to DNotes' security, so we need to provide additional incentive for node operators. Cold Staking from DNotesVault will allow people to keep their DNotes safely offline while earning an extra staking reward for providing the service of running a node and validating blocks.

So it looks like the "math" on figuring out staking vs. CRISP was way easier than I thought.

Staking is 2% annually if 100% of all coins are staking, which is highly unlikely. 50% of the coins staking at any one time is much more likely, and that would yield a return of 4% annually for those staking coins.

Q: How do I earn the interest reward?
A: Our Cryptocurrency Investment Savings Plan (CRISP) payouts occur approximately once per month. All coins that haven’t moved address during that month period will accrue a 0.5% interest, which compounds to roughly 6.17% per annum. If you move your coins during that time, those coins will not receive the interest for that month.

With CRISP, you get 6.17% annual return. To be able to beat that with POS you'd have to gamble on only roughly 1/3 of the total coins in circulation staking, which could happen. I'd have to do some research on other POS coins to see what percentage of their coins are typically held for staking, and I will try to pay attention to what DNotes' stats on that are as they develop.

The drawback of going the CRISP route is that you basically can't move your coins ever in order to get those rewards, whereas with staking you can move coins any time you want and still get staking rewards on the remaining ones. SMART Cash coin has a similar program in which as long as you don't touch your balance, you get monthly staking rewards, but if you make a single withdrawal, then you lose out on the next round of rewards for that address.

In the end, the question for me is the one Denver Dan brought up, which is: is it technically feasible to do both? Can I send coins to a wallet address and stake them for that 2%, and *also* collect the CRISP reward if I don't move the balance? Or do I have to choose one?

Finally, if the CRISP rewards are so much better than regular staking rewards, then how is is sustainable? Where are the reward coins for CRISP coming from?

Another final question: When does the next period of "don't move your balance if you want the next CRISP reward" begin? Has it already begun? Or does it start sometime in the near future?

I just logged into my DNotes Vault account for the first time since the swap and I'm wanting to make the best decision about what to do with the coins currently held there.

I mean staking automatically on DNotesVault and users do not need to run their own wallets. Possible in the future?

That would sure be good to know. Can you have a CRISP outside of the DNotes Vault simply by not touching your balance?

Depending on how the staking actually works and is logged, a staking incident could register as a withdrawal. In other wallets I've worked with, it registers as a withdrawal, then a deposit (where the deposit includes the original balance and staking reward). If that's how DNotes wallet logs it, then I would think only nonstaking wallets or DNotes Vault wallets would be eligible for CRISP rewards.

Joe, can you shed some light?

Yobit exchange update: We have been in touch with YoBit exchange through social media, and made a request they have DNotes delisted by April 16th.

Appreciate it doctorlw1! It is going very well.

We have completed all additional swaps as of last night, they will not reflect in the DNotesVault until I import them today.

We will do the next batch in a few days, as it is a cumbersome process right now.