COIN OFFICIALLY DEAD, stock.exchange will delist on 28th Feb
(PHOBOS DEV)
Hi guys! Lot to tell, so this announcement will be long :smiley: First of all delisting from Stock.exchange. Main reason for this was delayed withdrawals, bots and allegations that exchange is running masternodes from users funds. There is quite strong evidence that they did, but nothing is 100% proven, so we took decision to stay on safe side and say goodbye to them. Phobos will be fully removed from exchange by 28/2/2018. Please make sure to withdraw your funds earlier keeping in mind that some users were waiting more than 2 days before receiving coins. On brighter side, we are now officially trading on
https://www.southxchange.com/Market/Book/PBS/BTC . At the moment, they look like professional and well maintained service. We have Crypto-bridge which is decentralized and for some might seem as awkward exchange. When creating account there, please remember to write down your generated password , as you wont be able to recover your account if you loose it - maybe unnecessary information, but better safe than sorry. Also we have exchange
https://graviex.net/markets/pbsbtc. They are new kids on the block, but looks solid so far
Now goes the hardest part, concerns about price. Most of miners are mining for profit and not to keep coin in long term so we will have to tolerate little dumps. Another milestone for Phobos is that we are in middle of POW, which means in about a month we will switch to Proof of stake blocks (please don't confuse them with standard Proof of stake) as they will work same way as POW works now. We wont have fully node based network. As we are using See-Saw mechanism- Block rewards received by the staker and winning masternode vary based on the amount of coins held for masternodes vs amount of coins available for staking on the network allows for Variable rewards based on needs of the network to keep the network services (Masternodes) and the security of the network (Staking Wallets) evenly distributed. When there are fewer as the number of masternodes rises the portion of the block reward that they earn is reduced, it increases when the number of masternodes declines. Those who stack coins wont be abused by masternodes. There is slight advantage to run masternode though.
Finally, things we are working ATM. Translation of webpage, BTCtalk and other information to several languages including Spanish, Russian, Chinese. Upcoming wallet release with new features .We are in the process of creating mobile wallets (on hold for now) and several other tweaks to blockchain.
