Topic: test (Read 1877 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 FoBoT

thanks for your warm words.
You can join the OTC channel via this Link: https://t.me/joinchat/JFbUExTc3NmtuMfFySrECw


Hello dodziu,

this may be, because they wrote their messages before you joined the chat. You only see the messages which have been send into the chat after you joined.

Have a good day gents.

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 by us or our smart contract. It depends on the miners, which hold up the ethereum 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 ethereum 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 CYLE. So we would expect something between those two values.

I hope this helps you and answers your questions.

Have a nice weekend.

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 wahyuagung26 and thank you for your question.
There is no system requirement your computer needs to meet in order to mine CYLE. All that happens by clicking on the "Start Mine" button is that a smart contract funtion is triggered which runs independently from your system. So it won't use your CPU power. Don't hesitate to ask if you have further questions.

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 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.

Hello badykvik,

thank you for your kind words and support. only with community members like you CYLE can grow

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 Mr. CoinLove,

atm we can only tell you that we contacted a lot exchanges

we are in negotiation with three exchanges right now. so CYLE will be listed soon on a exchange.

Hello starkovblue,

You may have missed that this projects USP is not browser mining. This is only our chosen way of distributing token. You may want to look at the "The future" section of our homepage to get a deeper understanding on what we are building. The info-graphic and voiceover can describe it better than we could describe it here.

If you still feel that we should clear something up, feel free to reach out here or in our telegram room.

Hope this helps 

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

dear FoBoT,

if you want your CYLE masternode asap you can buy CYLE OverTheCounter @ our Discord channel.

hi badykvik,

we have chosen .cc because this stands for cryptocurrency. this has nothing to do with free or paid domains .

other projects like smartcash have chosen the same domain. this is not about popularity. this is about the spirit of cryptocurrencies

hello FoBoT,

your cyle adress is your ethereum adress. just leave some eth on it for the transaction fee. as you can see on our videos guides in the metamask window you can edit the gas cost. 2 gwei is enough atm. so the transaction is very cheap.

the mining process takes only a few seconds. just click on "start mining" and confirm the transaction in the metamask window.

You don't need to keep your computer running after the mining process has been started. that's all.

We recommend you to watch our video guides to make yourself familiar with CYLE https://www.cyle.cc/videoGuides.html

Why not just reach out with IDEX, its a free listing with decent volume. Since the token offers unique smart contract this could be a good candidate for their listing.

Practically the main purpose of mining any crypto is to make some profits from it either in long or short runs, the exchange platforms provide this opportunities.
You can take fobot up on the offer he suggested may be things might work and we have cyle listed on exchanges.

It is good to know your true position about an exchange, personally I will not support that you should pay 2 or 3 btc to get your token listed.
I can be of help with the following exchanges listing , EtherDelta, ForkDelta, Bitox, EtherC send me pm if you are interested.

Dev last active was on the 26th of may, is this the end of this project? Will there ever be an exchange?
I need to know because I had spent some ETH in more mining this token.

Alright, i already have over 500 cyle in my account and i have locked everything, i will be glad to see this token listed in an exchange then i can come back to mining.
Good luck.

Your explanations are well understood and I hope everything will turn out good, I scan through your OTC channel though i didn't join yet and I do not see people willing to buy the token or any message about that and that got me confusing.

You are an intelligent fellow and I am impressed with the way you handle questions and give reasonable answers.
Can you share the link to you OTC channel here or send me pm ?

@cyle_collective what are the possible effect of listing this token on the mining process, is it possible for the gas fee to increase when listed or the amount payout reduce when listed ? What is your introducing price of this token to the market ?
Kindly update.

This project dev is not active on this forum, I keep on spending my ETH on gas fees to mine this token without any hope of getting my money back.
I have officially resign from mining this token until when it is listed on an exchange.

Rightly said, the team can offer bounty to the community in order to increase awareness, the exchange listing of this token is also very important since getting it is not free entirely and masternode that pays out 1.22% every 7 days is highly discouraging.
I will hold on till this token get listed in an exchange.

You can start a bounty program while waiting for exchange listing. The more people holding the token the better for the whole community.


That's the only cons of smart contract mining, Due to expensive transaction less people will be inclined in mining this token.

There is nothing special about the way this works, it works perfectly the way you send funds from your wallet, the only issue there is that you need a metamask wallet before you can login to your wallet and pay for the transaction gas.

I think this is the main issue for the project now especially for a token not listed on any exchange yet, if the fee continue to increase then it makes absolute no sense to continue to mine it, because there is no incentive to do so and another big question now is the usecase of the token long term

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.

This project does not have large community compared to those that were started the same day.
I feel it will be nice if the team can consider bounty program.

I can understand a lot of professional experience in the way you answer questions and i feel i need to continue with the mining, the network fees is increasing and the stakes is 1.22% for 7 days, i expect a good trading price for this coin when it is listed on an exchange.

I am not expecting higher stakes since I am aware of 1.22% staking interest but the problem is about staking time frame that is not clearly specified.
Can you tell us when to expect stakes from masternode?
When exchange listing?
The above questions are important because getting cycle is not free and there is need to compare it to the exchange rates to know if it is profitable or not.

I am having some discomfort about your masternode, i received 1.7 cyle after 600 hours, this is too little and highly discouraging if that is how your masternode pays.
There should be some kind of reward for early adopters and not this type of peanuts.

That is some nice overview of your plans. Thank you for this level of transparency!
Which exchanges did you contact already?

I reaffirm that this is a great project and it has little similarity with he bravo browser that you are talking about, read through post before attacking people's opinion on the other hand if this project is similar to bravo browser does that make it less great ?

Naturally i should not have responded and allow the project dev to reply but i can still reply from the users point of view.
I support other people that agree that this project is great because it is an alternative to bravo browsers that most people might have missed.
Cryptocurrency industry is too big to have only one browser mining project above all this is a non ICO 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?

Alright, i never thought .cc have something to do with cryptocurrency, please forgive my manners of approach; i only want the best for the project since it has a unique idea.
I believe this will worth some fortunes when it hits an exchange.

What will be the actual use case scenarios for this token? So basically it's an ERC20 token that we mine by paying you the gas fee in ETH, is this correct? I would love to know what are your future plans to make this a big token and how do you see it evolving over the coming say next 12-18 months? It's an interesting concept, but always am wary to part with my ETH and like to ask questions and do a lot of research first. It did pique my interest but I am going to look further into it before I decide if it's for me or not. I do wish you though good luck with this endeavor, does sound quite interesting.

I have successfully mined my first 40 cyle and i shall be able to activate masternode in 3 days time unless if there is someone willing to sell some cyle to me. I will check the gas settings next time because i paid higher this time around.
I also hope cyle will worth more than the gas used to generate it when listed on an exchange.
Nice job.

This is indeed a great project, i will also mine and hold some cyle for the project future road map implementations.
The only bad side of this project is the free domain name .cc you guys should have used .com or any other extension.

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 ?

Well its a new thing in ETH smart contract but we will never know if this one will turn out good, without exchange listings what you have now is worthless token buts its a good to collect this new type of token that has a real function unlike other dull useless tokens.

i have only seen the gas price shoot up like that if you have already gotten your ONE distro for the timeframe
it seems to me to be a built in feature to avoid people "mining" too many too fast
learn to use things (in this case ERC-20 tokens) b4 you blast people over 5$ in losses to your stupidity, it will get you farther on this forum (and maybe in life?)

@OP
the total amount seems a bit high for me, ive collected a few and im done for now
see where you take it from here

Can you please send my cyle back this is so stupid all i was trying to do was send to my ether wallet an I had to go in and custom name the token get your contract address. Then after all that I sent back to your token address. I want my damn coins. This is stupid.
Transaction hash:

0xbf4d2b6e3fc43796420513f61eea2df17a654dff73e1aca54247e6575e833a95

I am not goint to pay 5$ to do it again there is no way gas price is $5!!!

I would like it sent to this wallet but if u have to send back to original wallet that is fine!!!!

0x09193aDc4D3AeF4dfB4370ddD79b6E20C66Ec167. Wallet i want cyle sent to


It cannot work like a normal ether wallet got to go through a bunch of shady extra steps smh!!!!

Send me my coins or I am about to put all this stupid gas fee stuff on blast!!!!!!!

The first try gas was 7 cents 2nd try gas is $5 what kind of scam coin is this there is no way!

On your issue tracker you listed that you want to add a send functionality. When and where can this be found?

Well, but I thought you guys have a plan on what this project wants to achieve? What would the community have to decide here?

Yes, you only need to pay for the gas. They also got some handy video guides that help you understand everything.

Is this Proof of stake Mining? So we need to hold a certain amount of CYLE and trigger the mine function on your smart contract?

Or we can start mining even with zero balance we just need to pay the gas for the transaction?

Thank you for clearing this up. I really like your approach.
How are you planning to involve the community to use the vaults balance?

Okay, so this is a term you created? Why no premine? How are you planning to push the project then when you have no team funds?

Just registered a masternode and locked 120 CYLE. Did someone get his reward already for staking?

What is ITD standing for in your thread title?
Just mined my first CYLE block and received 40 CYLE. So I can confirm it is working.

there was another project (I don't remember its name) doing the same what you guys are doing. My question is what's the use case of CYLE, I mean what benefit would I have if I own CYLE?

Mining with a computer, internet connection, and ethereum wallet like Metamask, but does such mining safe for my coins in Ethereum wallet and for my computers?
I have never heard such kind of mining, it looks like mining via browser, but I wonder about is security.

Alright, I took a look at the smart contract over the last days and had some successful mining attempts too.
Everything works seamlessly and the code looks alright. Worked with it on remix a couple of times and tried to trick it, but had no luck.

Good luck with the project!

MN reward is max 10 CLYE per node, or once per block?

You brought a great idea to life. But it would be worth to set a variable reward for the block, the more often the blocks are generated - the less reward.

Maybe a dumb question: how can I transfer my cyle token to another wallet?

please fix discord link

Russian Translation Reserved

thanks

i believe could be a template/ layout issue. the mining button does not appear only on opera

On Opera Browser button mining does not appear on the second screen, neither my address. On all other browsers works great

tried this out
cost me like 8 cents in eth, took maybe 4 tries
got my 40 CYLE for the day
i havent looked @the contract, seems pretty str8 forward tho
see where it goes

Good Luck on your project

How many mining atemps we have by day ?
 i tried 2 or 3 times and says i reached the limit.

Unless you change that to something more engaging will be difficult to people pay attention to CYLE.

Seems a good project but needs more connection with users. Increasing mining atempts should be one, otherwise people will forget about CYLE.

About exchanges ? anything on mind?

About Mn? which is the ROI? SAme question for POS

thanks

Thank you.

I like this project. The videos and information graphics with spoken text are really helpful!

Did you already find anything?
I am going to check the code over the weekend. Just played around with it on the testnet a little bit and think I roughly understood how this works.

Is there any premine for the team? And are you planning to get on exchanges?

Contract Source Code Verified (Exact Match) already good. Although of course Participate via browser - hashpower does not matter is not the best option friends. An attack on the network can easily pass.

It is trying to charge me $4.XX to mine? That can't be right.

I only have 40 CYLE and now get this when trying to mine

We are sorry!

You tried to mine too often.

Please try again in 5722 blocks.


(approximately 23:50:30 hours)

browser  mining, kidding!

are you joking? let me check youre smart contracs if you have it, something is suspicious

reserved

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