Topic: FLY COIN ANN.Swapping to "Las Vegas"coin,+Masternodes,Darksend,Stealth, instantX - page 113. (Read 186194 times)

I also like the no fee to stake to self but fee when staking to exchange.

Mark, the antidump fees are staying. This prevents the dumping. What we are debating is the fees on the staking.

Vegas

My tweet: https://twitter.com/btcbtcbtc20155/status/700857689870499840

I like the idea of Stake to self (no fees) and Stake to exchange (15% -20% fee to superfly).

FLY is going to dump SO HARD it'll be hilarious.

Yea, remove those fees.  Good idea.

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         well then that is a good thing, it is all good       i've sent only 4 fly to 'topia, and they're still hanging there on the sell side, while i've picked up 1 fly, which i take from to balance my buys, i just always buy more than i sell. it will build up a lot slower without more sell support, but i can still make that work for me   

Thank you Groggin. It kind of is that way anyway, because the largest holders can create blocks of 200-400 fly to stake, which in turn will be taxed higher or even if the larger holders make smaller blocks , we will stake more frequently and pay more in fees. My plan has been all along is to shape this coin into a long term "hold coin" , that benefits those that hold and stake, and I intentionally made it very difficult to day trade. Every coin can be day traded, so I wanted to create a coin that is different and unique, and reward holders that have the patience to hold for about 2 years. The rewards of fly are NOT immediate. The plan is to stake coins for approx 2 years and during that time add new and exciting features to keep interest and prices climbing. Then at about the 2 year mark initiate a plan to slowly deflate the balance of those that want to sell their main balance. In short , the holders get all the benefits.

Vegas

   would be nice if peeps w/out a lot of capital could daytrade. it takes fly to make fly, a graduated scale tx tax on the stakes would help alot! if you made your chunks small the stakes would be tiny, small tx tax but exelent network support.

So this weekend , will be very big for FLY. We should have a new wallet that exempts all from withdrawal fees. Also I have removed the "stake to self" fee, and changed " stake to exchange fee to 20% that goes to Superfly. I will also give details and the address of our website that only accepts FLY as payment. The website is in beta format, but it will give you a very good idea what we are doing. So good things are coming. Also I changed the pos min stake time to 9 days. This is NOT a bad thing, as it will keep inflation in check, and when prices rise on my announcement then they will stay there. I want to keep inflation as low as possible. Currently there are only 187k fly, not counting what has been burned.

Vegas

Really, you shouldnt be sending from your savings addy to exchange. Because then its considered a normal sending, which has the most harsh fees. If you plan on selling, always point your savings to the exchange address directly, and not your internal savings addy. Logically sellers should be asking 20% more for the coin under these conditions which keeps prices high. As Ive stated before I want this to be a coin to hold long term around 2 years. So I want to reward those that stay with it that long. Then I will restructure the coin to allow people to slowly deflate their balance without crashing the market.

Vegas

   ^^within the proposed structure, what tx fees would apply to manuual sends from the savings addy?

So this weekend I be announcing a major project that we have been working on for weeks. It involves a website where you can buy things. The website is not entirely complete , so it will be in beta format. But it will give you guys a real good idea the direction we are heading with fly and its real world usage that will be very unique and badly needed by the crypto community.


Other POSSIBLE changes if the community agrees:

The "stake to self" fee will be removed. Now when we do this it will 1/2 the amount that it sent to superfly. So as a thought if the community agrees:

1. Stake to self (no fees) AND
2. Stake to exchange (15% -20% fee to superfly)

Because Superfly rewards will have to be lowered if we keep "stake to exchange" at only 10% or superfly will run out of funds. So this needs to be discussed with the community.

From the beginning fly has always rewarded long term holders, and the dumpers have paid the most fees, so this is not new. 

FLY is a VERY long term coin. So for those of you that stake to self and dont sell, voting yes to this option will benefit you the most. You will pay nothing in, and if you qualify for superfly rewards, you will get those rewards. If you constantly sell, youll probably vote against this. As ive said many many times in the past a couple of years down the road, there will be a gentle exit strategy to sell your main balance.  But I would like to hear feedback on this idea. There is plenty of time to discuss this.

Vegas

I saw that...wish it was me.  I'm trying to get an order filled at almost twice that, (0.00102032) with no luck yet.

Seems like a fair price to me.

I can't wait for the fee exemption update to kick in, I'll be in the top 50 holders when I transfer off the exchange 

Wow, who was the lucky FLY-catcher that got about 27 of them at .00065???   Nice!

groggin, I've heard of "fly in the ointment", but never heard of "fly in the eye" !!

and I like FLY in my wallet! 

Fly is a VERY long project that is ever changing. FLY is VERY cheap to buy at the moment, probably the cheapest youll ever see. So now would be a great time to put in those buy orders. After our major changes are announced the price will go way up as Fly will have a real world use.

https://www.cryptopia.co.nz/Exchange?market=FLY_BTC

Vegas

                                 

There are actually 2 projects we are working on for fly. The first is dev Griffith is working on getting everyone with free withdrawals, and is actually in the testing stages. As far as XDEII, it will be a bit before we update it. The first part of XDEII is complete for now, and we have not worked on it since the last release v1.3. All of our attention is on FLY at this moment.

Here is absolute proof FLY is still in development https://github.com/Greg-Griffith/Fly-coin

Vegas

Mark, Thank you for your valuable insight.

An important feature of the crypto is patience.

Vegas and the team know what to do to FLY was great, and we them in this
glad to help