[KOBO] Kobocoin - An African peer to peer payment/micropayment system - page 7.

The_Tribesman

jr. member

Activity: 120

Merit: 6

UPDATE:

Good news on the Horizon

After some negotiations, KOBO is now being added to the Coinomi android wallet (where users will be able to "Sweep Paper Wallet"). This opens the possibility of dynamically generating QR Codes on a website where users can top-up their KOBO balance, or even sending an email with an attached QR code that users can sweep once they've purchased some KOBO online.

Note: I'm not sure the ShapeShift or Changelly features will be available until we've got better exchange volumes.

They're talking of their new iOS and Desktop wallets which we'll also be a part of. Once the integration is complete and released this will be heavily publicised. If initial testing is good, it will become the recommended wallet for new users. The updated Schilbach mobile wallet will be for more seasoned users as new users are struggling to get used to the fact that blockchain wallets have to sync!!

The_Tribesman

jr. member

Activity: 120

Merit: 6

Quote from: Cashwave on March 10, 2018, 06:43:45 AM

Nice concept but what is unique about this project apart from being of African origin that other similar already existing prjects? Thanks

This is The Original 'existing' project for Africa. Launched 3 years ago before the current ICO craze came into existence.

Kobocoin is green by design. May not seem much to some but as time progresses PoS will be recognised as the only way forward for cryptos (imo). There are features in Kobocoin that had the future built in right from the start. It was always my intention that this blockchain should be able to exist without the need for a hard fork as time progresses. There are certain details I won't go into, but this blockchain is hopefully built with the future in mind.

MammothK

newbie

Activity: 31

Merit: 0

Quote from: The_Tribesman on March 14, 2018, 08:17:52 PM

QUICK UPDATE
I've been very ill over the last two weeks but it's subsiding so I'm back on the case.
There's a dev website at http://dev.kobocoin.com/ - I'm not 100% happy with it so I'm now learning WordPress (from scratch) and building the website myself. I want it to compete with the likes of:
https://www.safaricom.co.ke/
https://www.worldremit.com
So I'm coming up with a brighter website for us with all the whizzy stuff (sliders, fixed image scrolling, header/logo resize on scroll, image and text fade/slide in/out, mouse focus image animation, and all that good stuff). It will be undoubtedly consumer focused (not crypto industry focused).
e.g (this is just a mock up again - there's animation going on with the image and text which you can't appreciate with this static image)
https://kobocoin.com/dev2.jpg
You'll have market info in the top blue bar (current price, marketcap, social icons etc). Forget the four statements lifted from the old site. This is just a mock up. I have ideas of how the site will look and I'm hoping it will be very fresh when it's finished. Crypto integrations like paper wallets, block explorer, forum etc will all be given the same look and feel. And as I've always said there will be a white paper and roadmap.
Pace continues with the mobile wallet. I'm aiming for the website to be completed and online before the end of Q2.

Thanks Felix, sorry you have been ill, hope that you're fully recovered by now and ready to come back twice as strong, like the new websites, it all looks very dynamic and fresh Grin

Ran the windows updated versions, and checked for virus, everything ok, wallets can still hang a little but was expecting that as this is the same version as before, am sure in time this will get sorted, I notice new country nodes coming online with the stake mining, at last count there were 34 locations, so there is a promising global network out there waiting for the next step.

Regards.

oleglyubimov17

newbie

Activity: 84

Merit: 0

Yes, I agree too. light color is joy and hope, light design is better))

The_Tribesman

jr. member

Activity: 120

Merit: 6

QUICK UPDATE

I've been very ill over the last two weeks but it's subsiding so I'm back on the case.

There's a dev website at http://dev.kobocoin.com/ - I'm not 100% happy with it so I'm now learning WordPress (from scratch) and building the website myself. I want it to compete with the likes of:

https://www.safaricom.co.ke/
https://www.worldremit.com

So I'm coming up with a brighter website for us with all the whizzy stuff (sliders, fixed image scrolling, header/logo resize on scroll, image and text fade/slide in/out, mouse focus image animation, and all that good stuff). It will be undoubtedly consumer focused (not crypto industry focused).

e.g (this is just a mock up again - there's animation going on with the image and text which you can't appreciate with this static image)

You'll have market info in the top blue bar (current price, marketcap, social icons etc). Forget the four statements lifted from the old site. This is just a mock up. I have ideas of how the site will look and I'm hoping it will be very fresh when it's finished. Crypto integrations like paper wallets, block explorer, forum etc will all be given the same look and feel. And as I've always said there will be a white paper and roadmap.

Once the APIs are finished they'll be packaged into a platform offering (koboko - http://neologisms.rice.edu/index.php?a=term&d=1&t=2729) so that developers can write apps for the blockchain.

Pace continues with the mobile wallet. I'm aiming for the website to be completed and online before the end of Q2.

MammothK

newbie

Activity: 31

Merit: 0

Quote from: opticoin on March 10, 2018, 06:12:14 AM

...."We are still involved with Bitsoko but KOBO will not be moving to the Ethereum blockchain. There were issues to do with speed (and also to do with ETH gas)+".....
from The Tribesman's post

Only way could see potentially around that for best of both worlds, could have Kobocoin on the ethereum blockchain and its own blockchain at the same time, and have a 1 to 1 exchange ability either inside the wallet or exchanges somehow.
Kind of like a Kobo versus Kobo duopoly. Have absolutely no clue how that could be instigated, is probably too complicated to realise in practice, lol. Grin

Cashwave

newbie

Activity: 120

Merit: 0

Nice concept but what is unique about this project apart from being of African origin that other similar already existing prjects? Thanks

opticoin

member

Activity: 84

Merit: 10

...."We are still involved with Bitsoko but KOBO will not be moving to the Ethereum blockchain. There were issues to do with speed (and also to do with ETH gas)+".....

from The Tribesman's post

turntheothercheek

newbie

Activity: 44

Merit: 0

Quote from: The_Tribesman on February 27, 2018, 08:45:27 PM

Had to move this here so it doesn't get lost

QUICK UPDATE

The new website template is almost done. I think it's an improvement. There's a lot to it but this is how the mockup looks so far. The very top blue bar in the shot below will have market details (price in USD/BTC/ETH and other African currencies) listed as well as the social icons. The image in the mockup is from the old website. The new website will have new, targeted and brighter images (so don't get hung up on the dark Shanghai image in the mockup below). I've already seen the newer images and they're a whole lot better.

ALL TEXT AND IMAGES WILL BE CHANGED - THIS IS JUST A MOCK UP TO GET THE THEME RIGHT

https://kobocoin.com/new_website1.jpg

And below is what it looks like when it's scrolling. As you can see, the header is static and the blue top bar disappears (it's all the rage Cheesy

)

https://kobocoin.com/new_website2.jpg

It also looks good on mobiles. It's a wordpress responsive site.

https://kobocoin.com/new_website3.jpg

There's so much going on behind the scenes right now but I'll leave it at this for now. There will be a forum as well as not many people outside of the industry know of BitcoinTalk. I think it would be a great way for new users to get immediately immersed in kobo.

BTW - I am now being contacted by the largest African Banks offering Kobocoin a bank account AND access to their global networks to operate on. I'm not sure one is needed right now but it's a definite sign that people are very aware of kobocoin's potential in the market.

I'll post a dev URL when I've installed it on our main servers. It will be a beta site so we can decide what works and what doesn't (just as we did with the logo).

ALSO

The new website will be SSL and have a trusted green bar.

TT

ALL THE MORE REASON NOT TO MIGRATE TO ETHER.... I am not anti-Ether, I just feel it would be a bad business decision considers the cluttered speed and required "gas" for transaction when transactions are automatically done via KOBO... In addition, KOBO network being light years ahead as POS coin, Ether seem too political and I don't mean in term of Politics in Africa, I mean the Politics of internal struggles for control and proper decision making for their own network.

turntheothercheek

newbie

Activity: 44

Merit: 0

This community is going to destroy a REALLY GOOD THING if the decision to migrate to the ETHER network is realized... I think we should stay as our own network, keeping it POS, and remain independent, sustaining our own network like Africa ought to stride for post-Imperial Colonialism.

opticoin

member

Activity: 84

Merit: 10

https://bitcoinexchangeguide.com/what-are-the-top-10-bitcoin-cryptocurrency-exchanges-in-africa/

What Are The Top 10 Bitcoin Cryptocurrency Exchanges In Africa?

-Bitmari
-Abra
-BitPesa
-GeoPay
-Bitspark
-Remitano
-Payplux
-Naira Exchange
-Bitwala
-Kobocoin : A London-based start-up that seeks to change how Africans spend, send, and swap bitcoins. You can consult with Kobocoin as the African bitcoin — it's similar features to bitcoin but built with the normal African in mind. Kobocoin allows for immediate, phone-to-phone, bankless, and low prices bitcoin trades across the African continent and a number of other areas of the world.

penoze

legendary

Activity: 1235

Merit: 1003

https://minepi.com/cryptomeneer

Quote from: FundCoins on March 05, 2018, 04:56:44 PM

Your project looks interesting! What price?

Kobocoin is recently trading at cryptopia and yobit.
The price is ranging between 450sat and 600 sat.

silviocorrea

newbie

Activity: 14

Merit: 0

i like the new theme btw
comes an eye catching layout with a perfect color combo!!

FundCoins

full member

Activity: 196

Merit: 100

Your project looks interesting! What price?

The_Tribesman

jr. member

Activity: 120

Merit: 6

Quote from: tangtang800 on March 05, 2018, 02:19:34 AM

The large-scale infrastructure developed by Kobocoin can be comparable to the larger and more important digital currencies, providing a highly secure and stable platform for everyone.

Thanks. That's what's being aimed for. The aim is for Kobocoin to be a different beast by the end of the year.

The_Tribesman

jr. member

Activity: 120

Merit: 6

Quote from: MammothK on March 03, 2018, 03:58:10 AM

Quote from: The_Tribesman on February 28, 2018, 04:04:26 PM

Quote from: MammothK on February 28, 2018, 03:36:44 PM

...women...food...gone? Wink

That's just a mockup...for the real thing

Pleased to hear it, can rest easy now Grin

https://www.youtube.com/watch?v=27nCc2eiERM

I love that track. Thanks for that. It really gets under your skin (in a really good way). RIP William Onyeabor

BTW - It's a very small thing, but we're now SSL. The website has been moved to completely new and much larger cloud servers ready for a few more services I'm hoping to put on there. It was a killer weekend but it's all done now.
http://kobocoin.com/

Small steps, but steps nonetheless.

tangtang800

member

Activity: 317

Merit: 10

The large-scale infrastructure developed by Kobocoin can be comparable to the larger and more important digital currencies, providing a highly secure and stable platform for everyone.

The_Tribesman

jr. member

Activity: 120

Merit: 6

Quote from: Coinmaster87 on March 03, 2018, 12:11:24 PM

wht is the max supply of this coin?

Current Supply = 24,700,000
Max Supply = 350,000,000
Max Growth = 10% per annum

Quote from: The_Tribesman on January 31, 2018, 11:37:53 AM

Quote from: MammothK on January 31, 2018, 10:50:57 AM

Quote from: Rw13enlib88 on August 25, 2017, 03:51:29 PM

...About the 10% PoS and 350,000,000 Total coins, not that sure about it.
We need the 10% stake to increase the interest in the coin while it's being adopted by the real users, but you don't want 10% inflation every year.
I mean, with a total 350M coins it will take more than 25 years to achieve it (maths down below) while 100M coins will take almost 15year.
I think in 15 years this coin is gonna be used by the people it's focused on, so no need to have another 10years of 10% pos.
25.000.000
27.500.000
...
297.954.413
327.749.855

Hi,
I agree with your numbers as a theoretical maximum using 10% but the real life empirically based rate of inflation is more like 1% per year due to the fact that not many people are stake mining, hence the 10% is never realized, in fact based on most of blocks produced during January, the figure is only 1.134% [24,910,596 - 24,888,934. Over the last 28 days exactly]
Here are my numbers based on the actual kobocoin explorer data.

Using compound interest of 1.134% per annum:-
January 2018: 24,910,596
January 2019: 25,193,108
January 2020: 25,478,825
January 2021: 25.767,782
January 2022: 26,060,017
January 2023: 26,355,565
January 2024: 26,654,466
January 2025: 26,956,756
January 2026: 27,262,474
January 2027: 27,571,660
January 2028: 27,884,352
January 2029: 28,200,590
January 2030: 28,520,415
January 2031: 28,843,867
January 2032: 29,170,988
January 2033: 29,501,818

So in 15 years there are only 4,591,222 Kobocoin produced, this is not much of an increase(+18.43%), so here we have a promising coin that gives a healthy 10% yield through stake mining via simple wallet activation but does not get devalued from too much dumping onto the market by potential commercial stake holding miners.
1 dollar per day income crypto equivalent is easy to obtain even at these prices.

With 10% compound interest per annum return and little downward market pressure, I would say this is a good coin to stake hold mine, and 'coin age' or amount is not important, meaning only 10 kobocoin will still give an income of 1 kobocoin per year just by switching the wallet on once or twice per week throughout the year, and moving coins from wallet to wallet makes little difference to overall return (some stake coins need to be aged for 1 month before they become viable, and this reduces liquidity).
And there are not many coins in total issuance currently, many have over 1 billion giving a potentially false high coinmarketcap value...

Absolutely! Thanks for the analysis. The kobocoin blockchain will still be emitting kobo long after I've left this world (unless newer tech has replaced blockchain). The parameters were chosen for longevity of the currency. Of course I want people to make some returns but the currency has to operate properly well into the future (or at least until something better comes along).

I would have given you some merit but they're all gone! I'll hit you up when/if I get more allocation.

Coinmaster87

newbie

Activity: 136

Merit: 0

wht is the max supply of this coin?

MammothK

newbie

Activity: 31

Merit: 0

Quote from: The_Tribesman on February 28, 2018, 04:04:26 PM

Quote from: MammothK on February 28, 2018, 03:36:44 PM

...women...food...gone? Wink

That's just a mockup...for the real thing

Pleased to hear it, can rest easy now Grin

https://www.youtube.com/watch?v=27nCc2eiERM

Topic: [KOBO] Kobocoin - An African peer to peer payment/micropayment system - page 7. (Read 127507 times)