Topic: [PHR] Phore - 100% PoS 3.0 - Masternodes - Zerocoin - Governance No ICO/Premine - page 14. (Read 67705 times)

I had a nice chat session on Telegram with a KuCoin employee, he briefly looked at Phore.io and the Bitcointalk thread, but said that the developers had to contact KuCoin.

Shame on me ... KuCoin is the real name 

Of course it would be cool to get some attention, but I don't know if we have enough community support at the moment to win such a poll. I will do some research too about how to get on a voting list.

looks like Kukoin have a voting system for new coin additions. I'm not signed up but if people are happy then I'll do some research and see if I can Phore on the voting radar

Thoughts?

I'm onboard since November last year, and I'm still impressed about the Team and the whole project.

The current problem on cryptopia shows how important it would be to be listed on another, better or equivalent Exchange, and I think it's really great that this is now a higher priority.

I know the really big ones like Binance or Bittrex are hard to reach and very expensive, but hopefully Kucoin should be possible. HeroCoin got listed there too a few days ago, they have a lower Markecap than Phore and had much less volume before the Kucoin listing.

I hope it's ok to wear your Avatar a few days

Cryptopia's latest update states that Phore is on the list of coins that have been facing issues with withdrawal and deposit times.
The problems are being dealt with right now.

Their news page can be found here: https://www.cryptopia.co.nz/news

New and revised version of our last whitepaper:

https://phore.io/wp-content/uploads/2018/02/Phore_Blockchain_Whitepaper_v2.2.pdf

nice progress again, gd solid project with a very accessible team

Very profesional

Niiice!

New website has launched, it looks awesome! I especially like the charts showing the roadmap goals and how far along development is

Everyone look at the chart. Even when BTC dumped, Phore held up at least 25k
It’s been trending between 30-40k during 2 month bear market. Not many low market cap coins have had that stability

zPHR is the private version of Phore that lets you make private transactions. You mint your Phore into zPHR and later spend them just like PHR but it won’t link your sending account to the spend.

Hey Guy. I'm thinking about transferring my PHR from Cryptopia to my wallet. should that work or will it get hung up?
And what is the difference between PHR and Zerocoin? I see they have separate balances in the wallet.

New website release today.

Visit https://phore.io/

Damn! Just discovered. Going to follow project. First page is not loading, I am sure there is info about masternodes -_-

I was one of the masternode holders who voted yes on the Dev fee increase, and I am glad it passed (though I had not doubt it would).

I have 100% faith the Dev team will deliver, and I know we will see the first steps soon with the rebrand and the market place

The community governance system requires a proposal to receive at least 10% of the masternodes voting yes, after subtracting any no votes. Beyond that it ranks proposals by the ratio of yes to no votes, and stops when the development budget runs out, since this system is primarily designed to pay out the development budget to the approved proposals, which can be submitted by anyone, not just the core team.

Since there were slightly over 500 masternodes when these votes were taken, that meant we needed 51 more yes votes than no votes for these proposals to pass. The development budget increase passed by the widest margin of any of them, with 99 voting yes and 4 voting no. I found that to be a huge vote of confidence in the core development team, and the need to fund the ambitious roadmap we have set out for this year.

The same rules would apply to reduce the development budget if the community thought that was the best course of action. I would be happy to pay the proposal fee if required for it--we are also reducing those fees from 50 PHR to 25 PHR so that it is more affordable for community members to submit proposals, but if the price of Phore increases dramatically which is the scenario I think we're considering, then 25 PHR may still be a lot. Dash's proposal fee is 5 Dash and with a price in the $600-700 range it is several thousand dollars to submit one, with no guarantee the proposal will be paid out of the votes are not enough for approval.

Based on the number of masternodes at that time, a 10% margin of yes over no votes would be needed to reduce the development budget.

This budget is the entire budget for the development of Phore. There was no ICO or developer premine, and community members can submit proposals as well. This could be for Phore people to attend blockchain conferences or sponsor a booth or send a speaker, it could be to pay the 50K Euro fee for Ledger hardware wallet integration, or it could be for a community member that has a great idea for a Dapp that uses Phore. I fully expect that if the development budget became much larger than was needed to fund the core team's development efforts for achieving our roadmap, the core team would submit proposals for what was needed and encourage the community to submit their best ideas for how to make Phore provide more value. Also, if we do not submit large enough proposals to use all of the available budget, the remainder is simply not given out.

All of this is driven by our community governance process, and we feel that is a very important and valuable part of the Phore community, and it provides a lot of resilience to the Phore blockchain. Right now, the core development team is driving almost all of the development efforts in the Phore roadmap, and thus most of the funding is being directed that way by the masternode owners votes. If the core team all went down in an airplane crash, a new development team or set of individuals could step in with their proposals and continue Phore's development right where we left off. I really like the decentralized nature of the governance system.

Moonshot - Phore CTO

That's what you say today but I hope that vote is even achievable by then. What is the threshold for the vote to reduce dev funding if deemed the right action?

The most recent post is this one from yesterday:

Message from CEO Alan Booth
Dear Valued Cryptopians

I am privileged to have been appointed by the Board as the first CEO of Cryptopia Ltd. Whilst this is an incredibly exciting opportunity to head up a leading cryptocurrency exchange and an innovator in the Fintech sector, I am aware that there are a number of very urgent priorities to address to ensure greater customer satisfaction and trust.

Cryptopia has experienced incredibly fast growth (last quarter our user base grew by an astounding 940%) and as with any company expanding at this pace, we have faced many challenges associated with this growth. My commitment to you, our customer, is that our team will be 100% focussed on the short term urgent priorities of faster support response times, improved user experience and enhanced transparency and security.

We acknowledge those that are suffering due to extended delays around support response times and I do understand the frustration. We apologise that you have experienced these issues and I guarantee that this will dramatically improve as we increase resource and attention in this area.

Please ensure that you continue to lodge support queries through the appropriate channel. It also helps the team to close resolved tickets so they can prioritise. Directly contacting the team via social media channels won’t lead to a faster resolution and we ask for your patience as we improve our systems and processes in this area. Remember, I have only just arrived and the changes we make are for the good of all and will lead to the fastest resolution of all outstanding issues.

My experience in working with tech start-ups demonstrates I am well placed to drive Cryptopia forward and under my leadership, Cryptopia will continue to evolve from a counter-culture start-up into a global player in the Fintech industry.

Rest assured there are no more excuses – the team here are truly dedicated and focused on delivering a fast, secure and customer focussed cryptocurrency exchange. And we are here for the long game.

You have my commitment to make weekly updates across all media and we will be honest and diligent in our dealings with you.

Best wishes
Alan Booth

Yes they have heavy problems with deposit & withdrawal, Shanto posted this on Discord two days ago:

Deposit & Withdrawal Updates 16th February We are aware of issues with long processing times on deposits and withdrawals. This doesn't affect withdrawals of ETH, ETN, BTC, LTC or DOGE. We apologise for these and have been working hard on a resolution. As of early next week we expect deposit times to be back within normal ranges, while withdrawals may take longer to restore to normal operation. In the interim, please be aware that processing times on deposits or withdrawals may exceed 30 hours, although in most cases are likely to be less than this. Please don't submit support tickets relating to processing delays as we are unable to expedite these manually - our focus is on quickly resolving the issue for everyone. Thank you for your continued support and understanding The Cryptopia Team.

And this today: https://t.co/en86z7zF2i