Topic: test - page 2. (Read 1821 times)

Hello FoBoT,

To clear things up:
There are many exchanges, but some of them didn't reply or want a ridiculous amount of money for listing us. Even minor exchanges with mostly fake volume request 2-3 BTC for a listing. We won't waste such an amount of BTC for a clumsy exchange. If one exchange with a better reputation reaches out to us/answers to our listing-request, we will gladly do so. Feel free to connect us to someone of them if you know anybody.

Regarding why we aren't here 24/7:
We are currently developing the next phase of this project. It's important to us to drive this forward.

If you still want to sell your token (at least that's how it sounds), try your luck in our OTC channel.

Hope this helps.

Hello badykvik,

we are active here, but didn't see any question which required an answer by us.
We feel sorry that you are no longer taking part. We hope to welcome you back on board once we got listed.

In the meantime, we will share our progress with you during the upcoming weeks. We are currently negotiating with various HSM box and Server providers.

Still: if you have any questions, feel free to reach out to us here.

Have a nice weekend.

Hello dodziu,

we are going to split up the answers for a better understanding


One possible effect could be that more people try to mine. This could lead to multiple people trying to mine the same block. Only one person (wallet) will receive the reward tho. Who gets the reward is not decided my us or our smart contract. It depends on the miners, which hold up the ethereal network and which transaction they confirm first. But this seems a very, very rare case.


The gas fee isn't connected to a listing on an exchange. It will always be the standard gas fee, which is currently needed to fire a transaction on the ethereal network.
You can find the current gas prices here : https://ethgasstation.info
At the moment we encourage you to mine with the lowest amount possible (something around 155 Wei). The transaction may take up to 5 minutes, but as there isn't that much competition, you can get your CYLE very cheap.


You can calculate the intrinsic value yourself by diving the 40 CYLE you get per mining attempt by the spend transaction fee costs.
We already had two users in our OTC channel, which negotiated a price of 0,1 dollars per. So we would expect something between those two values.

I hope this helps you and answers your questions.

Have a nice weekend.

Hello FoBoT,
thank you for your comment and suggestion. We are discussing bounty programs and the like. However, our main focus at the moment is on negotiations with exchanges. We will update you as soon we can provide more precise information in that regard.

I cant wait to see this coin listed and traded in an exchange, i also hope it will worth some fortune.
The mining fees has also increase to 0.002eth though i know you do not have control over that but it also add up to the coin cost of mining.

Is there a minimum system requirement? I have been exposed to malware that can mine crypto with my browser, and that makes my CPU resource run out. Does your project also require high CPU resources?

Hello badykvik,
you're right. We also recognized the raising gas fee and hope it will decrease soon. And thanks for your continuing support.

Hello badykvik,

the time frame you addressed is roughly 7 days between each claiming attempt. There is an indicator on your dashboard - right beneath the button to claim your interest - that specifies that time frame for your account in real-time.
If you can't see the indicator, please empty your browser cache and reload the dashboard.
Regarding exchange listing, we are in negotiations with several exchanges and will update you as soon as we're listed, which will be soon.
We see the importance of these questions as well. However, let us kindly remind you that CYLE is a fully free service - aside from gas fees which are determined by the Ethereum blockchain and are therefore out of our control.

Hello badykvik

we're sorry to hear you feel discomforted and expected higher rewards for your staking attempts. We built CYLE as a sustainable and long term service and carefully calculated the interest with that in mind. As the interest is percentage based, you naturally can raise your benefit
by locking a higher amount of CYLE. Claim your interest as soon as possible and lock CYLE again - that is the way to get the most out of our staking system. As CYLE is built on egalitarian principles, we chose not to prefer some users (like early adopters) over others.

Please see the CYLE PositionPaper to learn more about how and why CYLE has been created.

Hello Qiwiman2,

I'm gonna split up the answer so I can be more specific


The token will lateron empower you to do two things:
1. It will be the fuel for our instant swap platform. You can get a brief overview on our homepage - check out the voiceover too!
2. It will be your stake once we get the community involved on further developments. We do not see ourselves as white bearded men making decisions in their chamber behind closed doors. We will heavily rely on the input of our community in the future.
3. Once we are on exchanges you can sell them for sure. Most likely to people who need them for point 1.


The gas fee goes to the Ethereum miners, not to us. We are not generating profit by your mining attempts. This would not meet our transparent plans and would not be fair at all - as not every attempt is likely to be successful.


I can feel you. We discussed for many hours if we should launch with a fully qualified white paper or with a position paper (can be found here: https://cyle.cc/assets/pdf/CYLE_Position_Paper.pdf). As we wanted the distribution to start, we chose to go for the smaller position paper.
Currently we are working on those things:
1. Getting exchanges on board
2. Setting up a technical white paper
3. Setting up a technical white paper that non-techies are able to understand
4. Evaluation of different Frameworks that will power our platform. (Own ETH fork, public Quorum chain, open Hyperledger format, Corda, ...) There are many pros and cons to consider in terms of transparency, privacy and performance.
5. Get a PoC out for 3-5 Chains

Those are the top 5 objectives of our Objectives-And-Key-Results (OKR) board (yes, I mixed objectives and key results up here for better understanding, and no there are of course qualified and measurable key results linked to our objectives). But those here should give you a quick overview on what is currently happening.

We set up our board for the timeframe of 3 months. From our experience in software engineering, things change too quickly to be planned for a whole year. The goal is set to bring all currencies together, by providing an instant swapping solution. How this will be implemented and what other functions we provide may change over time (new technologies, new laws, etc..)


Loved those honest words. But you seem to be the kind of people we would love to have around: people who care, read white papers, pay interest and not spam channels for when there lamb will arrive. That's a reason, why we didn't do an airdrop, but rather chose such a "new" way of distributing coins.

Hope this helps. Feel free to ask further questions, if the occur on your end

Understand that participation in the yobit company signatures makes a lot of writing. But what exactly is unique in their project? There is already a bravo browser that has a great developers and big community. Why we need this project?

Understand that participation in the yobit company signatures makes a lot of writing. But what exactly is unique in their project? There is already a bravo browser that has a great developers and big community. Why we need this project?

The project idea is unique and the website is very mature but i do not like the idea of using eth gas to mine eth token due to drop in exchage value of the token though that does not disqualify the fact that the project idea is good.

Do i need to transfer the eth to cyle address or leave it in the metamask ?

How long will it take to mine the 40 cyle per day ? Does the mining continue when the computer is shut down ?