Idena is the first Proof-of-Person Blockchain

piebeyb

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Quote from: Tytanowy Janusz on September 19, 2023, 02:59:20 AM

Quote from: piebeyb on September 18, 2023, 06:17:33 AM

it seems that IDENA needs to learn a lot on casino sites that hold signature campaigns on this forum, I think IDENA needs to expand its promotions including on this forum

I think the approach is different because there is a big difference between promoting a casino and promoting a blockchain. If the casino catches 1 customer who deposits (and lose) several thousand dollars, it gets a return for several weeks of the campaign, and if blockchain catches 1 person in this way, it gets 1 node more - close to none impact of value of project and no return from investment. even if it is 1 more investor, the investor expects profits and can sell at any time, the gambler cannot sell his loss and get some of the money back.

Maybe that's why signatures are mainly paid by casinos and crypto mixers and not by cryptocurrency projects, and those projects that pay for campaigns here on the forum do it in the form of bounty, paying with zero-value tokens mostyl before the ICO.

Yes indeed it cannot be likened to the casino but I think there is no harm in running the campaign in this forum that may be many crypto users who are still active here, holding a signature campaign like before with IDNA payments and trying to start again, at least introduce this project In all the communities in this forum, unfortunately in a campaign that was previously only held no more than 30 days.

There is no harm in trying it in the long run to see the traffic obtained from this forum because of course it is necessary to introduce more about this project to everyone in the Bitcouningk Forum, not only relying on social media, seeing validated users decreases from time to time and Maybe Idena needs a new breakthrough to make it better even though the crypto market is still not so good. Wink

Tytanowy Janusz

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Quote from: piebeyb on September 18, 2023, 06:17:33 AM

it seems that IDENA needs to learn a lot on casino sites that hold signature campaigns on this forum, I think IDENA needs to expand its promotions including on this forum

I think the approach is different because there is a big difference between promoting a casino and promoting a blockchain. If the casino catches 1 customer who deposits (and lose) several thousand dollars, it gets a return for several weeks of the campaign, and if blockchain catches 1 person in this way, it gets 1 node more - close to none impact of value of project and no return from investment. even if it is 1 more investor, the investor expects profits and can sell at any time, the gambler cannot sell his loss and get some of the money back.

Maybe that's why signatures are mainly paid by casinos and crypto mixers and not by cryptocurrency projects, and those projects that pay for campaigns here on the forum do it in the form of bounty, paying with zero-value tokens mostyl before the ICO.

piebeyb

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Idena validation results

👤 Identities validated: 1,430
💸 Validation rewards paid: 366,198 iDNA

Minimum total score for Humans to get the second invitation and Verified to get an invitation: 100%

Minimum stake threshold to be eligible to vote: 438.46 iDNA

❗️The next validation is on September 30 at 15:00 UTC (Saturday)

Just Info : https://t.me/IdenaAnnouncements/1388

"There is no change whatsoever and the number of users has decreased which is validated from the previous epoch, I also saw on coinmarketcap it seems we are losing probit too although there does not appear to be a good trading volume for idena, now we only have two active exchanges namely pancaksewap and bitmart, as a suggestion Others seem like it might be necessary for IDENA to apply to a new exchange in order to gain additional trading volume.

The price sometimes drops and remains stable there at $0.02 and the developer is not yet serious about interacting with the community through AMA because maybe many investors or holders want to do questions and answers about the future of this project, this approach is good enough to convince investors too."

Quote from: Tytanowy Janusz on September 05, 2023, 12:20:50 AM

Quote from: piebeyb on September 04, 2023, 10:21:28 AM

it seems that IDENA should be more aggressive in promoting IDENA out there, at least so that many users are willing to learn and follow IDena's validation.

I think so too, but you also have to remember that the project has 2 million capitalization and cannot afford large marketing campaigns. The current liquidity is so low that throwing $5,000 in iden causes a 20% price dump (after all, marketing companies will not farm idena, they have to cash in tokens to pay employees). Would you like to observe such a supply hitting market month after month?

I once communicated with Andrew IDENA about why they stopped their signature campaign on this forum at that time, even though this forum had quite a lot of crypto communities, just because the traffic they got was small and they stopped it. If it was run in the long term it would definitely produce a good impact , it seems that IDENA needs to learn a lot on casino sites that hold signature campaigns on this forum, I think IDENA needs to expand its promotions including on this forum

Tytanowy Janusz

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Quote from: piebeyb on September 04, 2023, 10:21:28 AM

it seems that IDENA should be more aggressive in promoting IDENA out there, at least so that many users are willing to learn and follow IDena's validation.

I think so too, but you also have to remember that the project has 2 million capitalization and cannot afford large marketing campaigns. The current liquidity is so low that throwing $5,000 in iden causes a 20% price dump (after all, marketing companies will not farm idena, they have to cash in tokens to pay employees). Would you like to observe such a supply hitting market month after month?

piebeyb

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Idena validation results

👤 Identities validated: 1,457
💸 Validation rewards paid: 366,492 iDNA

Minimum total score for Humans to get the second invitation and Verified to get an invitation: 100%

Minimum stake threshold to be eligible to vote: 453.4 iDNA

❗️The next validation is on September 16 at 15:00 UTC (Saturday)

Just Info : https://t.me/IdenaAnnouncements/1381

There was no change whatsoever in yesterday's validation, there was no significant increase and only a small decrease in what was successfully validated on the IDENTA network at this time. If you look at it, it is still stable and has even remained like this for several epochs so there is no development in the value or in the IDENA price including development of the community for IDENA, it seems that IDENA should be more aggressive in promoting IDENA out there, at least so that many users are willing to learn and follow IDena's validation.

It would be a good idea to hold another new AMA event on Telegram, Twitter or Discord, at least it would be done to get closer to the community so that there is a strong bond between the developer and the community, I think this project will be even stronger like before if the community remains there and faithfully encourage IDENA to be known by many crypto users out there.

piebeyb

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Idena validation results

👤 Identities validated: 1,519
💸 Validation rewards paid: 392,934 iDNA

Minimum total score for Humans to get the second invitation and Verified to get an invitation: 100%

Minimum stake threshold to be eligible to vote: 417.8 iDNA

❗️The next validation is on September 2 at 15:00 UTC (Saturday)

Just Info : https://t.me/IdenaAnnouncements/1374

So far there haven't been many validated user changes still not much different from the previous epoch, but I'm still optimistic that IDENA will be a good project in the future, even though at the moment the value is still relatively cheap, it's not a problem for me to keep holding IDNA more in wallet and keep it in Staking fund, I think maybe will buy it again if they sell below $0.01 .

Right now what is really needed is an invite code that is easy to get as before so that it increases new users coming, still seeing some new users who don't get an invite code in their telegram group, this should be a concern for the DEV to suppress people generating Invite codes for other people or increase their Rewards.

piebeyb

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Quote from: Tytanowy Janusz on August 05, 2023, 12:19:33 AM

"Idena validation results

Identities validated: 1,596
Validation rewards paid: 394,530 iDNA
"
https://t.me/IdenaAnnouncements/1367

+14% epoch/epoch. This is a very good result considering that the invitation system limits sudden increases and even in the best times of IDENA the network did not grow faster than 20%.

If you look at the update on Jarrett's hard fork yesterday here https://t.me/IdenaAnnouncements/1341 , it is very clear that many users are taking advantage of invite rewards to collect more prizes when they reach age 3 and they terminate accounts so they can take invites their rewards easily, it's that kind of behavior that makes price development and community development slow down a bit lately not as usual.

You can see from the picture above that the behavior that is often used by idena users, this habit is what makes price and community developments a little slower, after activating IIP-2 at least it's getting better now there is an increase in the price of IDENA as well as an increase in the number of communities participating in the validation event yesterday especially with the change in hours where I thought it could attract all users from several countries to take part in this validation event.

Tytanowy Janusz

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"Idena validation results

Identities validated: 1,596
Validation rewards paid: 394,530 iDNA
"
https://t.me/IdenaAnnouncements/1367

+14% epoch/epoch. This is a very good result considering that the invitation system limits sudden increases and even in the best times of IDENA the network did not grow faster than 20%.

piebeyb

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Quote from: examplens on July 26, 2023, 03:15:59 PM

Quote from: piebeyb on July 24, 2023, 10:35:33 AM

So far the validated users are increasing little by little, the most annoying thing is the difficulty of getting an invite code even in my community there is still a lack of invite codes,

This should be a good sign, it means that there are new people interested. There was a period when no one wanted invitations.

There are several reasons why I didn't have the motivation to share invites, nor to try to make meaningful flips, so maybe I missed some things. For example, why it became important how many coins the inviter has in the stake? I see that it is often emphasized, but I have not been able to recognize why it is important to someone new, who is being validated for the first time.

We can see that in the idena telegram group, there are lots of newcomers who ask for an invite code, that's why it's difficult to get an invite code, especially since most of those who use an invite code always take advantage of validation rewards and after age 3 they become verified, they terminate and take Stake funds for that was the hard fork system yesterday. so that users who take advantage of the Stake reward cannot terminate before the age of 10.

I think with this new system new users can no longer take advantage of the Stake reward resulting from an invite code that has a large Stake, but with this system also accounts that are killed not all funds will be lost, so the system looks fair, I think it's your right to want to share invite your code because of course there is a reason that made you do it, but I hope that the Idena team will make an affiliate again by generating a code so that new users can enter and be registered following validation.

Tytanowy Janusz

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Quote from: georgefw on July 27, 2023, 08:17:00 PM

How can I get an invite? This seems interesting.

Ask on telegram. Usually you can get the code out of people. I already gave mine away in this epoch, but if you want I can reserve a code for you for the next one or ask my friends if they have anything to spare, just PM me.

georgefw

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How can I get an invite? This seems interesting.

Quote from: Tytanowy Janusz on July 27, 2023, 01:14:02 AM

Quote from: examplens on July 26, 2023, 03:15:59 PM

There are several reasons why I didn't have the motivation to share invites, nor to try to make meaningful flips, so maybe I missed some things. For example, why it became important how many coins the inviter has in the stake? I see that it is often emphasized, but I have not been able to recognize why it is important to someone new, who is being validated for the first time.

Its becouse of hard fork 0.31.0 (so before mainnet).

https://medium.com/idena/idena-hard-fork-announcement-2045195df7f0

"1. IIP-6: Quadratic invitation rewards
Change in invitation rewards distribution so that invitation rewards are calculated in proportion to the amount of the stake to the power of 0.9 and they are distributed between the inviter and the invitee.

Motivation:

Stimulate the organic growth of the network not associated with the growth of the large pools.
Incentivising users who invested the most in their stakes to invite friends/family/colleagues
Providing opportunity for newcomers to earn rewards at the level of other participants immediately after the first validation
Mitigating the self-invitation problem exploited by pools that do not stake money
Read more details here: https://docs.idena.io/docs/iip/iip-6"

So people with big stake have real incentive to find a decent candidate.

If you have no motivation to make meaningful flips read about IIP-7 (2. IIP-7: Quadratic rewards for extra flips)

Tytanowy Janusz

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Quote from: examplens on July 26, 2023, 03:15:59 PM

There are several reasons why I didn't have the motivation to share invites, nor to try to make meaningful flips, so maybe I missed some things. For example, why it became important how many coins the inviter has in the stake? I see that it is often emphasized, but I have not been able to recognize why it is important to someone new, who is being validated for the first time.

Its becouse of hard fork 0.31.0 (so before mainnet).

https://medium.com/idena/idena-hard-fork-announcement-2045195df7f0

"1. IIP-6: Quadratic invitation rewards
Change in invitation rewards distribution so that invitation rewards are calculated in proportion to the amount of the stake to the power of 0.9 and they are distributed between the inviter and the invitee.

Motivation:

Stimulate the organic growth of the network not associated with the growth of the large pools.
Incentivising users who invested the most in their stakes to invite friends/family/colleagues
Providing opportunity for newcomers to earn rewards at the level of other participants immediately after the first validation
Mitigating the self-invitation problem exploited by pools that do not stake money
Read more details here: https://docs.idena.io/docs/iip/iip-6"

So people with big stake have real incentive to find a decent candidate.

If you have no motivation to make meaningful flips read about IIP-7 (2. IIP-7: Quadratic rewards for extra flips)

examplens

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Quote from: piebeyb on July 24, 2023, 10:35:33 AM

So far the validated users are increasing little by little, the most annoying thing is the difficulty of getting an invite code even in my community there is still a lack of invite codes,

This should be a good sign, it means that there are new people interested. There was a period when no one wanted invitations.

There are several reasons why I didn't have the motivation to share invites, nor to try to make meaningful flips, so maybe I missed some things. For example, why it became important how many coins the inviter has in the stake? I see that it is often emphasized, but I have not been able to recognize why it is important to someone new, who is being validated for the first time.

Tytanowy Janusz

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Quote from: piebeyb on July 24, 2023, 10:35:33 AM

So far the validated users are increasing little by little, the most annoying thing is the difficulty of getting an invite code even in my community there is still a lack of invite codes

I don't think its the case. The amount of invitations were enough when network was growing 10-20% each epoch, now its "little by little" so there should be enough invitations for everyone who is interrested in getting one. If you have problem with invitations you can always PM me.

Quote from: piebeyb on July 24, 2023, 10:35:33 AM

identity-based altcoins like Worldcoin are quite attracting the attention of many people right now when they are added to binance, I see altcoins that are based on this identity, like this idena, the price has also increased.

To get worldcoin identity you have to scan your retina:

"If the product is free then YOU are the product.
So what does it mean if the product, is not only free, but pays you?
It seems then your cherished biometric data is the product.
This is how the new Worldcoin retinal scanning “orbs” work."
https://twitter.com/GeorgeGammon

Quote from: piebeyb on July 24, 2023, 10:35:33 AM

You can see from the articles that Vitalik also published here via his Twitter, which was the driving force behind the price increase.

Vitalik mentioned Idena 3 times in his paper. He even was talkin with Andrew Idena (main Idena dev) on idena telegram chanel.

"It's a good idea, but applying it to L1 directly would be risky as it would make the whole system a dependency of L1"
"Hi Vitalik 👋
The risk of the L1 attack can be mitigated by the minimum requirements for the identity stake, below which the vote of the node of such an identity is not taken into account in the L1 consensus"
https://t.me/IdenaNetworkPublic/372170

After this price exploded

piebeyb

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Idena validation results

👤 Identities validated: 1,398
💸 Validation rewards paid: 288,522 iDNA

Minimum total score for Humans to get the second invitation and Verified to get an invitation: 100%

Minimum stake threshold to be eligible to vote: 349.03 iDNA

❗️The next validation is on August 4 at 15:00 UTC (Friday)

Just Info : https://t.me/IdenaAnnouncements/1357

So far the validated users are increasing little by little, the most annoying thing is the difficulty of getting an invite code even in my community there is still a lack of invite codes, I think the idena team should overcome this too in the same way that has been done before, namely holding referrals by making generate invite codes through verification via Twitter to make it easier for new users to join, the difficulty of inviting codes makes growth in idena difficult to develop, I hope this can be reconsidered considering that all identity-based altcoins like Worldcoin are quite attracting the attention of many people right now when they are added to binance, I see altcoins that are based on this identity, like this idena, the price has also increased. You can see from the articles that Vitalik also published here via his Twitter, which was the driving force behind the price increase.

https://twitter.com/VitalikButerin/status/1683404462314999814

piebeyb

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Quote from: Tytanowy Janusz on July 11, 2023, 01:26:34 AM

Quote from: piebeyb on July 10, 2023, 07:22:05 AM

Since Jarrett Hardfork was held it seems that almost some accounts have started killing their accounts so this validation is less than before

Jarrett Hardfork makes people not kill their nodes due to IIP12-stake lock for 10 epochs. The only think in my opinion that makes people kill their nodes is a constantly falling price. Mining without investment is unprofitable (VPS cost greater than mining rewards), and mining with a investment is a rare decision when price is falling becasue retail investors likes to buy something that is pumping.

Yes, the weakening of IDENA's price is very inversely proportional where we see the price of bitcoin and several other cryptos going up but IDENA is still stable and tends to fall, I think indeed IDENA needs to add something that doesn't harm the community and also harm investors, so it's also difficult to terminate an account for 10 epoch and the score value is getting lower it is clear that it will hurt investors if they lose their money in staking because the score value drops and fails validation.

if in the end it fails validation, but the best way for investors is to wait for accounts over the age of 10 so that their Staking money is safer. although we also see these new regulations some kill their own accounts even with changes to the clock time of advanced validation will make it difficult in some countries not to follow the validation because there is busy waiting for a new breakthrough that attracts investors again everything is still too awkward Grin

Tytanowy Janusz

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Quote from: piebeyb on July 10, 2023, 07:22:05 AM

Since Jarrett Hardfork was held it seems that almost some accounts have started killing their accounts so this validation is less than before

Jarrett Hardfork makes people not kill their nodes due to IIP12-stake lock for 10 epochs. The only think in my opinion that makes people kill their nodes is a constantly falling price. Mining without investment is unprofitable (VPS cost greater than mining rewards), and mining with a investment is a rare decision when price is falling becasue retail investors likes to buy something that is pumping.

piebeyb

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Idena validation results

👤 Identities validated: 1,307
💸 Validation rewards paid: 288,708 iDNA

Minimum total score for Humans to get one invitation: 93.13%

👉The next validation is on July 20 at 13:30 UTC (Thursday)

Just Info : https://t.me/IdenaAnnouncements/1348

Since Jarrett Hardfork was held it seems that almost some accounts have started killing their accounts so this validation is less than before, many may disagree HardFork this time because the change in validation hours also locks invite prizes up to epoch 10, because many abuse it by killing accounts when it reaches age 3 to get the Invite bonus, it's not very good but I support this Hardfork because of IDENA's future progress.

I think this will be a good change to attract investors to do idena validation, because so far there may be a conflict in working hours or rest hours making it difficult to reach IDENA users around the world, I hope this change from HardFOrk really gains trust again from Investors to support this project . Wink

piebeyb

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Idena validation results

👤 Identities validated: 1,483
💸 Validation rewards paid: 288,342 iDNA

Minimum total score for Humans to get one invitation: 93.18%

👉The next validation is on July 9 at 13:30 UTC (Sunday)

Just info : https://t.me/IdenaAnnouncements/1340

The validation of Epoch #113 has improved quite a lot because yesterday's validation failure failed many had problems with their browsers, but the current problem that still looks a bit difficult is getting an Invite Code, most of them really want people in their network to use the invite code they have for example, for those who have hundreds of thousands of IDNs, of course, they only give it to their network and find it difficult to trust new users.

I'm having a bit of a hard time getting an invite code for my active community too, I hope this invite code can be easier to get like a few years ago considering that the declining number of players makes it difficult to get invite codes from other people. in my country community it's almost difficult to get an Invite code Wink

piebeyb

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Idena validation results

👤 Identities validated: 1,288
💸 Validation rewards paid: 313,350 iDNA

Minimum total score for Humans to get the second invitation and Verified to get an invitation: 92.59%

👉The next validation is on June 28 at 13:30 UTC (Wednesday)

⚠️ During validation some users experienced web app freezing. We are investigating the causes and will update you as soon as we have more information.

Just info https://t.me/IdenaAnnouncements/1330

As we see more than 25% decreased users experience problems and fail validation today, of course it reduces the number that passes validation tonight, almost the average using a browser to access app.idena.io/home experiences Freeze so images don't load perfectly for this reason, many feel that today's validation has failed, some users using other browsers have succeeded and some have not succeeded.

I think this is a serious problem that needs to be addressed immediately because of course it will reduce the number of validations in the following week, of course it will reduce the level of public trust in this project, I hope this problem can be resolved soon before the next validation.

Topic: Idena is the first Proof-of-Person Blockchain (Read 44019 times)