Topic: [pandacoin] The Panda Coin ♥ Scrypt Adaptive-N w/Kimotos Gravity Well ★ - page 266. (Read 398951 times)

static const int64 nTargetSpacing = 2.5 * 60; // ThePandaCoin: block released every 2.5 minutes

When is the launch?

So how many coins will someone get who, let's say, invested 1 BTC. The 'math' seems kind of complicated to me.

Nurv

"
Block time: 2.5 minutes
1 minute block target
"

What is this confusion ? Am I misunderstanding something ?

Context :
About the Coin

Symbol :  PANDA
Max Coins: 100 billion panda coins.
Block time: 2.5 minutes
Subsidy halves every 840,000 blocks (~4 years)

BTC ----> Scrypt Adaptive-N with Kimotos Gravity Well  <----  BTC

Block Rewards:
1 minute block target
Block 1-50,000: 0-1,000,000 PandaCoin Reward
Block 50,001 — 100,000: 0-500,000 PandaCoin Reward
Block 100,001 — 200,000: 0-250,000 PandaCoin Reward
.
.
.

Seems like a good plan. Hoping all this market stabilization is a good thing, that is if there are still people interested in a real currency even if it's called pandacoin.

awesome work, yall keep it up!!

Ok pretty much the maths is out.
3% out of 100billion is premine which gives us 3billion

out of the 3billion, 500million will go to jacobux, sevoque, a101 and a few others sub other them to work on our own exchange and panda-dice. Do bear in mind they are hardcore longterm holders of UNO and will had never dump a single bit of their own unocoin, i think those devs would also be happy enough to show their wallet in total transparency on how much % is actually being held over the time on block chain

out of the 3billion, 1 billion will be divided by 247 btcs, give all take 250btcs. I wanted to allocate 750million at first for the entire IPO(first and second ipo) but due to the exchanges downtime like btc-e etc, people deposits came in late and resulted into a surge of excessive 47 BTCS. (Kudos to everyone out there being so supportive).

Alright now out of this, 50btcs held by molly will be NON-TRADEABLE for 6months, which means it will only be release to them on the August 14, 2014. The first IPO has a total of 100btcs, 50btcs of which being molly's and the remaining 50's btc, 50% will be tradable. From that we get 25 btcs.

So total amount of pandacoins in circulation after launch will be 175/250 * 100 which is 70% of 1billion coins, 700million , with a cost of 25 satoshis.

Dogecoin started off at 5-15 satoshi before making on to an exchange, the IPO was fairly price and I doubt any sell orders or dump orders will be making into exchanges, looking at UNOBTANIUM coin for example will tell the story.

Now the remaining 1.5% will be held by me on a transparent wallet. I will have 250mil put aside for charity work, faucets to rain on #pandacoin after the bot is being done. YES YOU ARE RIGHT. You don't have to dogebet. Coins will be rain in given intervals, so now start to be active on #pandacoin Bots will calculate activeness, duration of idle, and rain coins on you. Other than that, the remaining coins of my wallet will be up on block chain, total transparency, so to all those haters who come in here and give false accusation that this is a pump and dump scheme? Well everyone can set an alert to my wallet to notify of any transactions. I will only step into the market with by 1.25% holdings to market stability if there is any premature rise, or any whales trying to manipulate it. This will be announce officially before it happen either through official panda site or my twitter if there is a need for me to step in.

Second IPO, is capped at 2BTC's per user max. I will have their wallet id where transaction is being received and their btc amount, twitter @ nick shortly once it is sorted out.
Bear in mind all of them are individual twitters acc with lots of activities and old accs which poses no threat that any whale snatches up 100 btcs worth of coins. This coin should be easily over 2x -5x returns at the price we are at now, in a month or two.


To make a coin successful, first is the integrity and transparency of the devs. Second will be fair pricing, and third the anticipation of everyone in the IPO. It seems I got all 3.
Cheers

Guys I will be home shortly and updating the OP to include a lt more details including pools, faucets, timer, etc. 30mins please

Sev

Hi Dolphin, the breakdown is that 2 percent is held for IPO investors, that includes wolong and the 1 percent is for devs and services . Regards

Hi mega, thanks for the post. The best way for me to answer this is that wolong amongst others, Molly machine and others in heavily on the IPO , have confirmed that they will be holding massive amounts of coins for over 6 months in fully public wallets

Sev

And you made you account just to say that , right?  No shilling whatsoever!

See here

chian coin?

Thank you.

Front page should be updated around 7pm UK time to reflect current list of pools.  At least per comments earlier in thread.

Can this be mined with cudaminer?

Funny, you can look at any of the genuinely bad coins that have come out in the last year and see that the level and intensity of hate directed at them is insignificant in comparison to what you see here.

Listen to the haters, they know this coin is going to be great.

If it wasn't they wouldn't care.

Any chance there's a pre-compiled linux cgminer available that someone can point me to?  Compiling this puppy is giving me odgida!  Thanks!

If that is the case then this will be restarted =) The purpose of the premine is to maintain price stability, eliminate market manipulation, me acting as a market regulator.

The maths behind the premine and the allocation will be out shortly within an hour, you will realise that this 3% premine is really nothing.

On top of that, look at UNO charts, Devcoins and DogeCoin, these are traces of my existence, and none of those coins promote a crash. This is how I play, this is how I'm game. No one else can sustain market stability like I do, as far as track record is proven.

The closest consolidated list I could find is in the reddit pandacoin section here: http://www.reddit.com/r/thepandacoin/comments/1xswf2/pool_compilation/.