Topic: [NENG]Nengcoin - Litecoin on Steroids - Scrypt for All Miners - page 37. (Read 45944 times)

Announcement of NENG Fiat Project for all U.S. Residents

As part of disclosure, ShorelineCrypto is investigating Fiat USD/NENG purchase offering using our parent company banking relations and Square service offerings.    We believe the USD/NENG purchase offering can be launched in multiple phases starting from 2019 Q2 to all U.S. residents by imposing a very low purchase limit while ShorelineCrypto can be still complying with all the anti-money laundering laws in U.S.A.  Legally, cost of doing fiat/NENG in USA is extremely high because of all the banking, money service regulations. However, there should be minimum cost or regulation and no need for KYC if we only allow small dollar purchase of NENG with strict maximum cap at ShorelineCrypto.  

The motivation of NENG Fiat project is to boost the NENG acceptance as important crypto currency for retail and trading usage and improve the liquidity of NENG trading.  Currently a buyer buy NENG from exchange, and decide to sell NENG immediately, the buyer would face 50% immediate loss because the bid/ask spread on NENG trading is very high and liquidity is poor on NENG.  When this fiat project launches at ShorelineCrypto,  ShorelineCrypto will operate hedging positions using Square bitcoin service and convert to DOGE to buy NENG at equivalent doge pair price in ShorelineCrypto exchange so that buyer of NENG will no longer face huge loss from immediate sell in the future.

We believe miners and traders should also see better NENG trading price in the future so that they can dump their mining rewards at higher price because of liquidity boost from Fiat project hedging.

In the long run, a successful fiat project on NENG can put NewEnglandcoin as niche alternative for small dollar fiat entry into crypto market for U.S. residents.  Currently most U.S. buyers convert their USD to bitcoin at Coinbase or Germini etc, then transfer their bitcoin to an exchange to sell for dogecoin or any other altcoins.  It works well for large amount at $100 USD or more even on a bitcoin transaction fee of $1.  However, if one wants to buy or sell $1 to $5 USD dollar, the bitcoin transaction fees are too high.    Here we can offer a low fee method of buying NewEnglandcoin with $1 to $5 USD, then convert to dogecoin at almost no loss, and then transfer the dogecoin out of ShorelineCrypto to wherever you want to trade or use dogecoin.

Bitcoin is gold, Litecoin is silver, Dogecoin can be said as copper.  Dogecoin has huge listings at multiple exchanges and can be converted to bitcoin easily at exchange with low fees.  With NENG/DOGE trading pair at ShorelineCrypto exchange and utilizing the capability of dogecoin popularity and low transaction fees, this NENG fiat project has the potential to put NENG into important coin in U.S.A crypto market.

Announcement for Mobile Miner Project Initiation
Immediately today, we initiate a new mobile miner project for evaluations and implementation. The NENG mobile miner will offer Android/iPhone users to mine NENG on their cell phone and receive NENG reward daily. Of course, the mobile mining is not a true mining, just a simulation on cell phones to allow users to receive rewards, say 100 NENG per day.
At this early stage, we foresee the eventual working mobile miner for NENG will be some javascript based web page where cell phones can register and click for rewards daily.  The project is going to be planned and implemented in multiple quarters and the funding source will come from donation from NENG communities.

Conclusion
NewEnglandcoin (NENG) is underpriced at only fraction of market cap of NewYorkcoin while the security of NewEnglandcoin is significant better against 51% attacks.  Even on population or GDP comparison against NYC, NENG should trade significantly higher.
Also stay tuned in bitcointalk Ann or DISCORD for further news of NENG Fiat project and NENG Mobile Miner project.

NENG Security, Decentralization Value & 2 Announcements

https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2019Q2_report/NENG_Security_Decentralization_Value.pdf

• No Hard Fork in 2019 Q2 or in Near Future
• NENG v1.2.x Hard Fork Evaluation
• NENG 51% Attack Cost - $10,000 USD
• Decentralization - Solo Mining Up, Mining Pool Down
• What if 51% Attackers Utilize GPU fleet?
• NENG Valuation is Dirt Cheap
• Announcement of NENG Fiat Project for all U.S. Residents
• Announcement for Mobile Miner Project Initiation

Clarifications on Twitter Airdrop / Graphic Bounty:

Graphic Re-design bounty has deadline April 30, 2019, community will review the quality of logo submission and decide award.

However,  twitter airdrop does not have any deadline.  We will award twitter airdrop in a more frequent base.

Currently the response is not that great. Hopefully more people will sign up and get the  airdrop or the bounty.

https://bitcointalksearch.org/topic/bountyairdropnewenglandcoin-graphic-resign-909-million-twitter-100000-5124335

Update on April 1, 2019:  Large NENG buying at ShorelineCrypto Exchange on April 1 was related to 020Londoncoin (O2O) listing at ShorelineCrypto as disclosure.  ShorelineCrypto new coin listing fee was cut dramatically recently to 0.01 BTC.  There is 50% listing fee discount if the coin listing fee is paid exclusively on NewEnglandcoin (NENG).  O2O fee payment event happened on April 1, 2019.

We expect that NewEnglandcoin (NENG) demand will rise in the future if more coins are listed at ShorelineCrypto Exchange.  It will be beneficial if all NENG members spread the word of ShorelineCrypto exchange to attract more listings.  The details of new coin listing is at:
https://shorelinecrypto.com/add_coin

ShorelineCrypto ads for new coin listing:
https://bitcointalksearch.org/topic/exchange-shorelinecrypto-zero-withdraw-fee-listing-fee-0005-001-btc-5121953

Report from ShorelineCrypto Exchange on large NENG deposit issue that couple of members encountered over past several days:



This issue is documented at :
https://github.com/ShorelineCrypto/NewEnglandCoin/issues/2

For now, this is NENG software bug issue unresolved and simply let members be aware of it in handling exchange deposit and withdraw.  Eventually this will be fixed in the NENG core software itself.    

Update: the safe amount to avoid deposit being stuck is 50 million NENG or less one at a time.  When doing multiple deposit continuously, make sure to stop and wait when the accumulative multiple deposit size is close to 50 million NENG.

Renamed Twitter Bounty to Twitter Airdrop.  1000 NENG per twitter following is really an airdrop, not much of work as bounty.

Update on Mar 27, 2019:  Large NENG buying at ShorelineCrypto Exchange on March 24 was related to Stackbit(SBIT) listing at ShorelineCrypto as disclosure.  ShorelineCrypto new coin listing fee was cut dramatically recently to 0.01 BTC.  There is 50% listing fee discount if the coin listing fee is paid exclusively on NewEnglandcoin (NENG).  SBIT fee payment event happened on March 24, 2019.

We expect that NewEnglandcoin (NENG) demand will rise in the future if more coins are listed at ShorelineCrypto Exchange.  It will be beneficial if all NENG members spread the word of ShorelineCrypto exchange to attract more listings.  The details of new coin listing is at:
https://shorelinecrypto.com/add_coin

low volume at https://wadax.io

NewEnglandcoin  Twitter bounty and Graphic Redesign bounty has launched.  Please spread the word as wide as possible.

Twitter Bounty

Follow NENG twitter and receive 1000 NENG on Twitter Bounty to up to 5000 winners

Graphic Redesign Bounty


Top one award: 90.9 million NENG
Top 50 Winners: 100,000 NENG / person
Event Timing:  March 25, 2019 - April 30 2019
Event Address:  NewEnglandcoin DISCORD at:  https://discord.gg/UPeBwgs

Please complete above Twitter Bounty requirement first.  Then
follow Below Steps to qualify for the Bounty:
(1) Required:  submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board
(2) Optional:  submit a second graphic for logo or any other marketing purposes into "bounty-submission"  board. 
(3) Complete below form.

 Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board.  Contact DISCORD @honglu69#5911  or @krypton#6139 if you have any issues.

Twitter/Graphic Redesign bounty sign up:
https://goo.gl/forms/L0vcwmVi8c76cR7m1

Updated Ann page on exchanges:

Other non dev-endorsed exchanges:
Probitex
https://www.probitex.com/trade/index/market/neng_doge.html
Wadax
https://wadax.io/trade/NENGBTC


Disclosure:  users take own risk on using any of other exchanges.  The only dev endorsed exchange is shorelinecrypto

New Version of Bounty Google Form.  Welcome feedback.

Section 1 of 2
NewEnglandcoin Twitter Bounty
NewEnglandcoin (NENG)
bitcointalk Ann:   https://bitcointalksearch.org/topic/nengnengcoin-litecoin-on-steroids-scrypt-for-all-miners-5027091

Follow below steps for receiving 1000 NENG on Twitter Bounty
(1) Answer Section 1 2 questions.
(2) Follow NENG Twitter account:  https://twitter.com/newenglandcoin

Twitter Username URL Link
*
After section 1
Section 2 of 2
NENG Graphic Redesign Bounty
Event Timing:  March 25, 2019 - April 30 2019
Event Address:  NewEnglandcoin DISCORD at:  https://discord.gg/UPeBwgs
Follow Below Steps to qualify for the Bounty:
(1) Answer Section 2 3 questions.
(2) Required:  submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board
(3) Optional:  submit a second graphic for logo or any other marketing purposes into "bounty-submission"  board. 

 Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the DISCORD board.  Contact DISCORD @honglu69#5911  or @krypton#6139 if you have any issues.

Bitcointalk Username
*
DISCORD Username
*
 
NENG Address for Receiving Payment
*

New update on the graphic re-design bounty:  we have decided to add additional twitter bounty:  1000 NENG / per twitter follower.  We could award up to 5,000 twitter friends on the bounty!

Follow NENG twitter now and collect your reward a month later: https://twitter.com/newenglandcoin

Stay tuned on our procedure of bounty detail and date of official starting of the bounty!

On the first page first post, scroll down, you should see two pools on NENG now.

can you post  NENG mining pools

Ad post for ShorelineCrypto new coin listing price cut is here:
https://bitcointalksearch.org/topic/exchange-shorelinecrypto-zero-withdraw-fee-listing-fee-0005-001-btc-5121953

Spread the words of cheap listing fee as wide as we can. More listings, more NENG buying, and higher NENG prices.

Krypton is back online in DISCORD after mysteriously missing for couple of weeks. He will continue  to lead the bounty project moving forward! Welcome Krypton back!

FindBlocks mining pool URL address has changed.

NENG/BTC is listed on https://wadax.io/trade/NENGBTC

For more info: https://wadax.zendesk.com/hc/en-us/articles/360025415851-Wadax-lists-New-England-Coin-NENG-

https://twitter.com/WadaxExchange/status/1107346974393749504

Discord: https://discord.gg/UQx7y2E

Kind regards,

Richie

Update on Mar 17, 2019:  Large NENG buying at ShorelineCrypto Exchange on March 14 was related to FCK listing at ShorelineCrypto as disclosure.  ShorelineCrypto new coin listing fee was cut dramatically recently to 0.01 BTC.  There is 50% listing fee discount if the coin listing fee is paid exclusively on NewEnglandcoin (NENG).  FCK fee payment event happened on March 14, 2019.

We expect that NewEnglandcoin (NENG) demand will rise in the future if more coins are listed at ShorelineCrypto Exchange.  It will be beneficial if all NENG members spread the word of ShorelineCrypto exchange to attract more listings.  The details of new coin listing is at:
https://shorelinecrypto.com/add_coin