Topic: [NENG]Nengcoin - Litecoin on Steroids - Scrypt for All Miners - page 8. (Read 46675 times)

Nengcoin Mining Video Bounty

Announced in Nengcoin discord annoucement channel by community leaders:


Reddit same announcement:
https://www.reddit.com/r/nengcoin/comments/pjmzb3/nengcoin_mining_bounty_is_open/

This is very good question, this is mainly for Nengcoin (NENG), not for Wrapped Nengcoin (WNENG).  The short answer is the new CPU and Mobile mining technology that never existed before Nengcoin offers this new 51% protection.  The 51% protection enhanced feature mainly come from CPU miners on PC/Mac/Chromebook or mobile CPU miners on android phone.

Please be aware that Nengcoin is a clone of litecoin,  but litecoin is mainly a ASIC mining coin.  Nengcoin is a scrypt coin,  mostly mined by ASIC miners, but controled by CPU miners on PC/phones.  Put this way, if 100% of CPU miners on NENG protest and  strike for a day with no CPU mining (this is not very likely case, just hypothetical case),  NENG blockchain most likely will be frozen, shut down, no matter how many ASIC try and mine with tons of hash rate throwing at NENG, it will most likely be shut down.  That is why this coin is CPU/mobile mining centered coin even though majority of mining profit goes to ASICs on scrypt.

For details of this works on tech level, checkout the v1.5.x branch upgrade pdf report above. That report can be served as technical white paper for Nengcoin.  

Here is link:
NENG core v1.5.x Hardfork Proposal, Soft Name Change
https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/proposal_v1.5/NENG_v1.5.x_Hardfork_Proposal.pdf

NENG/CHTA is listed and tracked at coincheckup
CoinCheckup is really good, feel like coin market cap layout. This feels like better than coincodex for me. All the market cap are tracked correctly for NENG and CHTA

Nengcoin: https://coincheckup.com/coins/nengcoin

Cheetahcoin: https://coincheckup.com/coins/cheetahcoin

Price Quote/Chart at Nomics Listed and Tracked

Nomics is another popular quote/chart site. Both NENG and WNENG are listed:

NENG
https://nomics.com/assets/neng-nengcoin

WNENG
https://nomics.com/assets/wneng-wrappednengcoin

Mobile Mining 1 Year Anniv - NENG Beat ETN by 25x

Nengcoin (NENG) roughly started android phone mining revolution in summer of 2020, roughly 1 year ago.  On July 11, 2020 I wrote a report on the coming android phone feature upgrade for the NENG coin on v1.4.x branch:
https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/NENG_2020_Q3_report/NENG_2020_Q3_report.pdf

In this above v1.4.x report, I compared Electroneum (ETN) fake mobile mining vs Nengcoin (NENG) real mobile mining on features and tech level, what interesting was that I also put out market cap of NENG using shorelinecrypto doge pair trading price then verses ETN,  $2.55K USD verses $58 million USD market cap.  1 year later,  using LiveCoinWatch where both NENG and ETN are listed,  NENG market cap rose roughly 100x to $246k USD while ETN market cap rose 4x to $243 million USD.

Market cap on USD is highly correlated to price change.  To be fair ETN rising 4 times in one year is not that a shabby number. But NENG is significantly better, beating ETN performance hands down.  Just on market cap number,  investors hodling NENG would beat ETN by 25 times in one year time frame!

What is more important, Electroneum trades at 243 million USD market cap today, while Nengcoin trades today at 246k USD market cap today.  Nengcoin (NENG) real phone mining is significantly a better coin than Electroneum (ETN) fake mobile mining on tech or valuation level. There is no reason that ETN should trade at higher valuation level than Nengcoin considering other important factors such as decentralization all in favor of Nengcoin.  We still have 1000x more to catch up!

Both NENG and WNENG are Listed at Coinpaprika

NENG and WNENG both are listed and tracked at Coinparika. Here is web URL:
https://coinpaprika.com/coin/neng-nengcoin/
https://coinpaprika.com/coin/wneng-wrapped-nengcoin/

Coinpaprika has mobile app too at google store ( I think apple store too), the name is "COINS"  in google app. Confirm here that I can track NENG and WNENG in COINS app in my android phone.

Just noticed that Coinpaprika track WNENG  at pancakeswap too. So  for WNENG, both trading price at  southXchange and pancakeswap are tracked.

shoreline_lt_chart: NENG/DOGE Three Year Candlestick Chart released

Historical three year candlestick price chart of NENG/DOGE trading in ShorelineCrypto exchange was released at:

https://github.com/ShorelineCrypto/shoreline_lt_chart

3 log scale candlestick charts and 3 google charts in pdf files can be viewed directly in browser in above github link. You can also download the software release which includes the raw data source
and 6 pdf files.

If you are comfortable to play with R programming language, you can customize to any plots using the raw data source and the provided NENG example R codes.

What is shoreline_lt_chart?
This is sets of method and R scripts to plot any cryptocurrency cancelstick price chart over long period of time (3Y chart for NENG). Here we mainly showcase two methods of plotting Nengcoin (NENG) NENG/DOGE price since Sept. 2018 using raw data from ShorelineCrypto exchange history database records.

• Download raw data from exchange back-end server
• R plotting for candlestick in windows/macOS/linux
• Candlestick log scale chart vs Google Linear chart

NENG or WNENG faucets is running at:
https://main.southxchange.com/Balance/Faucet

go and grab some small number of coins for free there.

WNENG/BNB Price Chart and Quote at Pancakeswap
This web site below chart the WNENG/BNB price chart, it's USD based price is quite accurate in my belief on the pancakeswap for the pair: https://poocoin.app/tokens/0xad2c0b5ee5424c6b6f9c06e4fef3fd7cd9ff0264

NENG Blockchain Reset, boom for USB/GPU solo miners

NENG blockchain just reset to a low difficulty number hour ago.  another boom for solo USB/GPU miners

WNENG/NENG Swapping at SouthXchange - Proof of Reserve
WrappedNengcoin (WNENG) Proof of Reserve

WNENG/NENG can be swapped with each other at SouthXchange with SouthXchange as custodian.

Math at SouthXchange custodian wallet on 1:1 backing

Total WNENG issued: 740 million WNENG.

Pre-launch WNENG used for pancakeswap liquidity pool: 55.763473 million WNENG
Extra NENG deposit into custodian wallet for the pre-launch usage: 55.763473 million NENG
Pre-launch WNENG used for southXchange testing purpose: 10,000 WNENG

Custodian Wallet Total balance at launch:
684.226527 million WNENG
795.763473 million NENG



Initial launch proof of reserve on 1:1 peg screen shot.

https://www.reddit.com/r/nengcoin/comments/ozz65d/wnengneng_swapping_at_southxchange_proof_of/

WrappedNengcoin (WNENG) Launched - WNENG/NENG Swapping at southXchange

WrappedNengcoin (WNENG) is Binance Smart Chain (BSC) token  (BEP20 token) with 1:1 pegged with Nengcoin (NENG) at SouthXchange for swapping.

With release of WNENG on BSC, a lot of defi and yield earning opportunities open up for fans of Nengcoin communities.  

• Name: WrappedNengcoin
• Symbol: WNENG
• 1:1 backing with Nengcoin (NENG). Custodian is southXchange
• Total token supply: 740 million WNENG
• Maximum token supply: 740 million WNENG

BSC Token Contract
BSC contract address: 0xaD2c0B5ee5424C6b6f9C06E4fEF3FD7CD9FF0264

In metamask,  Add Token with this contract address, the token holdings you own should show up.

Github

WNENG contract source code is verified on BscScan.  An exact copy is at:
https://github.com/ShorelineCrypto/WrappedNengcoin

Exchange

SouthXchange
https://main.southxchange.com/Market/Book/WNENG/NENG

Pancakeswap
https://pancakeswap.finance/

A liquidity pool of WNENG/BNB is setup, in general swapping of WNENG with BNB or any other supported token can be done in pancakeswap.

Yield Earning

A liquidity pool (LP) is setup already for earning yield on WNENG and for facilitating pancakeswap trading on WNENG/BNB pair.

Pancakeswap
https://pancakeswap.finance/

If you want to join liquidity for earning yield, you will need to add both BNB and WNENG together into the pancakeswap liquidity pool.   To find WNENG in Pancakeswap and in Metamask, make sure copy and paste the contract address into either of them if necessary to find the  LP and token.


Block Explorer

BSC scan
https://bscscan.com/address/0xaD2c0B5ee5424C6b6f9C06E4fEF3FD7CD9FF0264

WNENG/BNB PancakeSwap Price Chart

poocoin.app
https://poocoin.app/tokens/0xad2c0b5ee5424c6b6f9c06e4fef3fd7cd9ff0264

WrappedNengcoin (WNENG) Launch Proposal
Lim Jun Yih, Hong Lu - Developer Team of WrappedNengcoin & WrappedCheetahcoin

* Proposal to Launch WrappedNengcoin (WNENG) at SouthXchange
* Why Do We Need this Wrapped Token?
* The reason we chose BSC over ETH for WNENG Launch
* Benefit of WNENG to NENG Eco-system
* Risk of WrappedNengcoin and Defi
* Disclosure of Process of Development of WrappedNengcoin
* Why is 740 million WNENG total Supply and Maximum Total Supply?

Full Text:
https://github.com/ShorelineCrypto/WrappedNengcoin/releases/download/WNENG_launch/WNENG_launch_proposal.pdf

Come to discord and vote against the delisting from ShorelineCrypto.  Just took look at current votes there, it is 50:50  for/against SLC delisting.  Delisting from shorelinecrypto is real possibility if enough votes from community want that.

WNENG Supply Issue

More discussion in Discord "dev-chat" channel on the issue of coming Wrapped Nengcoin (WNENG) total supply and maximum supply cap issue

i think you need more than 600 m WNENG

6B i think at least

WNENG Dev Updates and Thoughts

@Sefia Sefia posted two youtube guide on how to create BSC token  (or BEP20 token). There are other youtube guide too. The method of steps are quite similar,  setup Metamask  wallet,  connect to BSC.    copy and paste smart contract,  a software code of  Solidity  like this:
https://github.com/jklepatch/eattheblocks/blob/master/screencast/308-create-bep20-token-bsc/Token.sol

or this:
https://github.com/CEO-Token/token/blob/main/token.sol

create token, mint, done  a token created in a few minutes for a USD dollars of BNB cost.  The key question I believe that we need for WNENG or WCHTA on BSC as BEP20 token is that, we want a fixed supply.  Just toss out some idea,  500 million NENG  as total and maximum supply for WNENG using pre-mine as 1:1 as back up.  We want this supply fixed, capped, no more.  There are two ways of doing this
(1) disable minting  capability in the smart contract.   No new minting, therefore no more supply after the initial mint of 500 million NENG.
(2) or set a maximum cap in the smart contract source code so that more minting is OK, but no more than this supply.

I think other options are fine for our WNENG or WCHTA wrapped coin need. But cap is key requirement.

Need for a Supply Cap for Wrapped Coin

"cap" is something we must have on our WNENG or WCHTA.  I do not believe the code on two github link has a "cap".  They allow the owner to mint more tokens down the road later. I do not believe we want a token wrapped coin with such control by the creator or owner.

This is also a security risk too.  What if the owner lost the key, and some hacker created unlimited supply on minting more tokens? no good.  I think "cap" is only thing that is in need. Others are no big deal.  burn it, sure, yes or no.

Possible Solutions

Trust Wallet has this "Token Create"
ound a new way of creating BEP20 token for our need, really easy, with option of "disable mint",  this looks like a free API:
 How to Create Your Own BEP20 Token on Binance Smart Chain Today
https://trustwallet.com/blog/how-to-create-your-own-bep20

It calls "Token Create".  Looks like a free method, allows wallet connection to Metamask


another method I found to do a "cap",  inserting two lines of code in solidity contract code, by this link:
https://forum.openzeppelin.com/t/how-to-create-a-capped-bep20-token/7754/2

Actually just one line of code,  saying that total supply must be smaller than this number.  In our case, I can  insert of one line code, say that total supply must be smaller than 501 million for WNENG.  that solves the cap issue.

This of course needs to be tested.  Say I want to mint 600 million WNENG, it should fail, because this code say no more than 501 million supply.  This could be really easy one line fix.  Everything else on the one of github source code is fine.  We just need a cap on the supply no matter who is the owner of the contract.

More on discord  "dev-chat" channel:

Nengcoin Job Board Forum

@RedRaiders10 『🥉』 — Today at 9:39 AM
@Cubs

Hello Fellow NENGsters!!

One of our community member Post:

 @Dr_Robot『🥈🥉』 -

“I have made a forum for the job listing idea I had previously. Until I get a .com domain and decent hosting setup it will be at https://forum.drrobot.tk/ it is using cloudflare so no ones IP makes it to the host which is good for security purposes.”


Thank you for your time and as Always Happy mining!

SouthXchange Live Trading on NENG/BTC pair

Nengcoin (NENG) is listed at SouthXchange on BTC pair at:

https://main.southxchange.com/Market/Book/NENG/BTC


SouthXchange exchange also offers free extra pairs like LTC or DOGE pairs.  Our discord has two community voting ongoing on issues related to SouthXchange trading pair details, and whether we should delist from ShorelineCrypto exchange.  Please join discord for voting on this community efforts.

stay at  shorelinecrypto exchange