Thx for reply!
I see PoW cryptocurrency has been set up to fail and PoS too.
So, What does it mean cap you said?? hardcap,softcap I don't understand.
Topic: * Trance Coin * scrypt * PoW/PoS * BOUNTYS * Airdrops * Trance * - page 3. (Read 7709 times)
January 25, 2018, 01:39:06 AM
January 25, 2018, 01:13:25 AM
this is the idea- we softcap the coin, and have it with a diminishing block reward so that the pos phase continues to pay out a smaller amount until we reach the soft cap.
at the soft cap it would only mint a few coins just to cover the coins functionality
the more I think about this.. the more I see that none of the coins will actually work
With Bitcoin, it's only a PoW.. if the block reward is less that the cost of operation then people will no longer mine it. A pow requires miners to process transactions
a pos relies on wallets (clients) running to process the transactions
but if you cap a coin- then the pos doesn't really matter
starting to get the funny feeling that all cryptocurrency has been set up to fail from the beginning
We would like the input from the community about how you would like to see Trancecoin progress
January 25, 2018, 12:13:01 AM
DISCLOSURE Since the Previous user asked, and we wanted to find out for sure.
We asked the coder about a soft/hard cap and if there were any diminishing block reward
It looks like the original developer DID NOT HARD CAP, and they didn't code in a Diminishing block reward
We WILL have to fork the coin in the future to put in this soft cap. We are sorry for any confusion this may have caused, and we're actively looking at our options.
This is one of the potential hazards of working on old coins- sometimes you have to get other people to dig with you before we can truly know what we have.
January 24, 2018, 11:51:47 PM
Working on some errors with the updated wallet (this update is cosmetic changes only; for the purpose of rebranding).
January 24, 2018, 11:49:02 PM
Hi there!
This is very impressive project.
I have a question.
How many coins are there in total? Thanks!
This is very impressive project.
I have a question.
How many coins are there in total? Thanks!
Total Coins: 51851852 This was the amount listed on the Github from the previous developer. We have found that the coin IS NOT Hardcaped = no limit at this time.
We will have to fork the coin in the future to softcap Trancecoin and to add a diminishing block reward. We will attempt to keep the max number of coins as close to the original github posting.
We understand the values of low coin-counts and low float/marketcap coins. This Necessary fork is currently being discussed.
Other details
Trance Coin Pow / PoS
Trance Coin is a Pow / PoS based cryptocurrency For the lovers of Trance/Dance Music
Name - Trance
NOTE Tancecoin PoW phase is OVER, it IS NOT MINEABLE you can only get it by MINTING the coins in your wallet installed locally
Algo - Scrypt PoW/PoS
Last PoW - 10000
64s Block Time
Diif change Target - 1 Block
Tx confs - 20 blocks
Pos - 35% per year
Tot Coins - 51851852
Rpc Port - 12502
Block Reward - 100
64 seconds per block, and 20 confirmations : 64x20= 1280 seconds or roughly 21.3 minutss to fully be confirmed and usable in your wallet (you will usually receive the initial payment confirmation in one minute to one minute and ten seconds)
Current getinfo
{
"version" : "v1.0.0.0-g32a928e",
"protocolversion" : 60013,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 360817,
"timeoffset" : 0,
"moneysupply" : 12863063.55894199,
"connections" : 7,
"proxy" : "",
"ip" : "000.000.000.000",
"difficulty" : {
"proof-of-work" : 14.68982908,
"proof-of-stake" : 0.13332425
},
"testnet" : false,
"keypoololdest" : 1516830991,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00000000,
"errors" : ""
}
Hope this helps.
January 24, 2018, 08:48:20 PM
Hi there!
This is very impressive project.
I have a question.
How many coins are there in total? Thanks!
This is very impressive project.
I have a question.
How many coins are there in total? Thanks!
January 23, 2018, 12:30:21 AM
DISCLAIMER - The Image is part of a mockup of a potential Trance platform UX/UI. THIS IS NOT A FUNCTIONAL PRODUCT! This will be used to demonstrate how we would like for our "potential" program to function & flow.
Just a small progress report.
The blue lines connecting the images are linking a specific object (button/icon/text) to a function and when the end-user clicks or taps on the object specified- it performs that function.
Utilizing Adobe Experience** and program called Phone Gap*** we can test these functions out on mobile devices such as phones or tablets.
It will look and function differently as time progresses.
OG UX/UI folks- have to tip my hat to all of you (love what you do & I'm trying to get better day by day)!
**http://www.adobe.com/products/xd.html
***https://phonegap.com/
Just a small progress report.
The blue lines connecting the images are linking a specific object (button/icon/text) to a function and when the end-user clicks or taps on the object specified- it performs that function.
Utilizing Adobe Experience** and program called Phone Gap*** we can test these functions out on mobile devices such as phones or tablets.
It will look and function differently as time progresses.
OG UX/UI folks- have to tip my hat to all of you (love what you do & I'm trying to get better day by day)!
**http://www.adobe.com/products/xd.html
***https://phonegap.com/
January 22, 2018, 06:43:58 PM
I just submitted the coin to coinmarketcap. Will let everyone know when I hear back from them!
January 22, 2018, 06:00:35 PM
Slow and steady wins the race!
It looks like someone wanted some TRANCE, and they got it =)
Eventually, the bottom is absorbed and the coin moves up.
Good luck to everyone!!
It looks like someone wanted some TRANCE, and they got it =)
Eventually, the bottom is absorbed and the coin moves up.
Good luck to everyone!!
January 22, 2018, 05:56:05 PM
Only the original DEV can change the OP and the original Dev left the project. Once the new wallets with the new logo are finished there will be a new ANN made.
EDIT - https://www.coinexchange2.com/market/TRANCE/BTC Is the current address.
Who wants to contact CoinMarketCap?
We can get listed BABY!!
Eat, Sleep, TRANCE Repeat
January 22, 2018, 04:52:11 PM
Also, as soon as we reach $50,000 daily trade volume we can get on coinmarketcap. The moment we reach that mark I will submit Trance so we can get on coinmarketcap.
omg $50,000 daily? we will never be thereYes we will, that is not a very hard number to reach. We have been pretty close a couple times already. Once more people become aware of the project and it gets developed more it will surpass $50,000 daily volume easily.
Trancecoin
TRANCE
Last Price 0.00000170
24h Volume 58.49244109
January 21, 2018, 09:27:28 PM
Also, as soon as we reach $50,000 daily trade volume we can get on coinmarketcap. The moment we reach that mark I will submit Trance so we can get on coinmarketcap.
omg $50,000 daily? we will never be thereYes we will, that is not a very hard number to reach. We have been pretty close a couple times already. Once more people become aware of the project and it gets developed more it will surpass $50,000 daily volume easily.
January 21, 2018, 02:57:14 PM
Also, as soon as we reach $50,000 daily trade volume we can get on coinmarketcap. The moment we reach that mark I will submit Trance so we can get on coinmarketcap.
omg $50,000 daily? we will never be there January 20, 2018, 09:37:56 PM
Everything is risk.. getting out of bed is risk... going outdoors without your flu shot is a risk
Trancecoin is backed by nothing- Just like Bitcoin, Ether or the rest of the altcoins. Cryptocurrency is a pure speculators market, and we make no guarantees about this coin. We are just getting it back to on track and attempting to make our investment function like the altcoin it is. If you choose to gamble / invest in cryptocurrency- that is your personal choice. I'm not here to tell anyone to sell or buy anything. We purchased the coin on the open market like the rest of you, and when the coin started to waste away we decided to get it back to some state of normalcy. We do not control the markets, and cannot give any type of price predictions as the entire blockchain environment could change at any time. When/If regulation(s) were to be put in place- we would have no control over the requirements put forth by a regulatory agency / governing body.
Do your Due Diligence
Good Luck
January 20, 2018, 08:12:43 PM
Also, as soon as we reach $50,000 daily trade volume we can get on coinmarketcap. The moment we reach that mark I will submit Trance so we can get on coinmarketcap.
January 20, 2018, 07:23:53 PM
Only the original DEV can change the OP and the original Dev left the project. Once the new wallets with the new logo are finished there will be a new ANN made.
EDIT - https://www.coinexchange2.com/market/TRANCE/BTC Is the current address.
January 20, 2018, 07:16:22 PM
January 20, 2018, 06:57:50 PM
No one can guarantee what will happen in the future with any crypto project. However, this team is highly focused and dedicated to developing this coin. As stated earlier in the ann, invest any money at your own risk. This coin does stake very well. So if you do purchase any coins make sure to stake them on your personal wallet so you can get some more coins. This coin is going in a great direction and this is just the start.
January 20, 2018, 03:36:16 PM
You know, with trance coin, you can actually become both of the opposites- high profitability with low risk!
I would actually just be right happy to! January 20, 2018, 03:26:03 PM
That is true for any investment, isn't it? If you wish to get something, you always have to risk something of yours!
Usually there's some protection in case of fail of the project. Jump to: