X13 [ANN] *SUMMERCOIN 2.0* [POW/POS][NAVAJO ANONYMOUS TECHNOLOGY][DECENTRALIZED] - page 126.

Strugg

legendary

Activity: 882

Merit: 1000

NAV Coin [NAV]

Quote from: scottlilo on May 30, 2014, 12:00:54 PM

Quote from: Strugg on May 30, 2014, 11:20:57 AM

OFFICAL ANNOUNCEMENT

Becouse of the Community's wish we have decided to change total amount of SummerCoin 2.0 coins to 50,000,000
Becouse of that swap ratio is 1:1
Here's the full and updated specification:

Algorithm: X13 POW/POS
Symbol: SUM2
total coin: 50,000,000
Block reward: 1500
POW max height: 14000 - 7 days POW only
Block time: 30 seconds
Retarget: dfficulty will adjust dach 25 blocks, and at block 250, adjust dach block
Min age: 4 days
Max age: unlimited
Confirmations on Transactions: 3
Confirmations on Mined Blocks: 60
Stake interest: First Year: 20%
Second Year: 10%
Third Year goes on: 5%
PREMINE: amount of coins on the SUMv1 Chain (swapped at 1:1 ratio)
RPC port: 33333
P2P port: 33330

Like You can see Your suggestions are important for us! Wink

- Strugg, SummerCoin Foundation Manager

I'm sorry im confused -- are the coins generated from the 7 day POW portion, already included in the 50,000,000 total coins?

How much of the 50,000,000 is coming from the previous summercoin swap ?
How much of the 50,000,000 is coming from the 7 day POW portion?

Thanks - sorry if this was answered already

Since we will swap SUM1 to SUM2 by ratio 1:1 we will be mining the exact amount of coins on the SUM1 chain on the first block, thereafter what's left od 50,000,000 will be given out for the POW phase. After POW will be POS.
I hope You are satisfied with this explanation Wink

spicelord

sr. member

Activity: 252

Merit: 250

Quote from: 1211 on May 30, 2014, 02:40:10 PM

Quote from: GREEDYJOHN on May 30, 2014, 01:19:40 PM

Quote from: cienki7 on May 30, 2014, 01:15:45 PM

Quote from: gpuminer on May 30, 2014, 01:00:15 PM

SUM1 bittrex trading volume reached 20 BTC. It was less than 1 BTC couple of days ago. Maybe we will see more volume ? Perhaps SUM2 (x13) can break boostcoin (x13) volume when it is out ! If that is the case, what u buy now can be worth 10x on SUM2.

I think we can easily reach 5000-10000 after SUM2 launch

YES WE CAN.

I think its not possible.

It's possible. 2k is more reasonable

1211

sr. member

Activity: 294

Merit: 250

Quote from: GREEDYJOHN on May 30, 2014, 01:19:40 PM

Quote from: cienki7 on May 30, 2014, 01:15:45 PM

Quote from: gpuminer on May 30, 2014, 01:00:15 PM

SUM1 bittrex trading volume reached 20 BTC. It was less than 1 BTC couple of days ago. Maybe we will see more volume ? Perhaps SUM2 (x13) can break boostcoin (x13) volume when it is out ! If that is the case, what u buy now can be worth 10x on SUM2.

I think we can easily reach 5000-10000 after SUM2 launch

YES WE CAN.

I think its not possible.

bcd

sr. member

Activity: 252

Merit: 250

Quote from: gpuminer on May 30, 2014, 01:00:15 PM

SUM1 bittrex trading volume reached 20 BTC. It was less than 1 BTC couple of days ago. Maybe we will see more volume ? Perhaps SUM2 (x13) can break boostcoin (x13) volume when it is out ! If that is the case, what u buy now can be worth 10x on SUM2.

Currently SUM istrading at 800 sat. When SUM v2 with X13 is out, 10K sat is possible.

GREEDYJOHN

legendary

Activity: 1778

Merit: 1000

Quote from: cienki7 on May 30, 2014, 01:15:45 PM

Quote from: gpuminer on May 30, 2014, 01:00:15 PM

SUM1 bittrex trading volume reached 20 BTC. It was less than 1 BTC couple of days ago. Maybe we will see more volume ? Perhaps SUM2 (x13) can break boostcoin (x13) volume when it is out ! If that is the case, what u buy now can be worth 10x on SUM2.

I think we can easily reach 5000-10000 after SUM2 launch

YES WE CAN.

cienki7

hero member

Activity: 504

Merit: 500

Quote from: gpuminer on May 30, 2014, 01:00:15 PM

SUM1 bittrex trading volume reached 20 BTC. It was less than 1 BTC couple of days ago. Maybe we will see more volume ? Perhaps SUM2 (x13) can break boostcoin (x13) volume when it is out ! If that is the case, what u buy now can be worth 10x on SUM2.

I think we can easily reach 5000-10000 after SUM2 launch

gpuminer

full member

Activity: 210

Merit: 100

SUM1 bittrex trading volume reached 20 BTC. It was less than 1 BTC couple of days ago. Maybe we will see more volume ? Perhaps SUM2 (x13) can break boostcoin (x13) volume when it is out ! If that is the case, what u buy now can be worth 10x on SUM2.

scottlilo

member

Activity: 101

Merit: 10

Quote from: Strugg on May 30, 2014, 11:20:57 AM

OFFICAL ANNOUNCEMENT

Becouse of the Community's wish we have decided to change total amount of SummerCoin 2.0 coins to 50,000,000
Becouse of that swap ratio is 1:1
Here's the full and updated specification:

Algorithm: X13 POW/POS
Symbol: SUM2
total coin: 50,000,000
Block reward: 1500
POW max height: 14000 - 7 days POW only
Block time: 30 seconds
Retarget: dfficulty will adjust dach 25 blocks, and at block 250, adjust dach block
Min age: 4 days
Max age: unlimited
Confirmations on Transactions: 3
Confirmations on Mined Blocks: 60
Stake interest: First Year: 20%
Second Year: 10%
Third Year goes on: 5%
PREMINE: amount of coins on the SUMv1 Chain (swapped at 1:1 ratio)
RPC port: 33333
P2P port: 33330

Like You can see Your suggestions are important for us! Wink

- Strugg, SummerCoin Foundation Manager

I'm sorry im confused -- are the coins generated from the 7 day POW portion, already included in the 50,000,000 total coins?

How much of the 50,000,000 is coming from the previous summercoin swap ?
How much of the 50,000,000 is coming from the 7 day POW portion?

Thanks - sorry if this was answered already

zwiggel

sr. member

Activity: 672

Merit: 250

Quote from: Strugg on May 30, 2014, 11:20:57 AM

OFFICAL ANNOUNCEMENT

Becouse of the Community's wish we have decided to change total amount of SummerCoin 2.0 coins to 50,000,000
Becouse of that swap ratio is 1:1
Here's the full and updated specification:

Algorithm: X13 POW/POS
Symbol: SUM2
total coin: 50,000,000
Block reward: 1500
POW max height: 14000 - 7 days POW only
Block time: 30 seconds
Retarget: dfficulty will adjust dach 25 blocks, and at block 250, adjust dach block
Min age: 4 days
Max age: unlimited
Confirmations on Transactions: 3
Confirmations on Mined Blocks: 60
Stake interest: First Year: 20%
Second Year: 10%
Third Year goes on: 5%
PREMINE: amount of coins on the SUMv1 Chain (swapped at 1:1 ratio)
RPC port: 33333
P2P port: 33330

Like You can see Your suggestions are important for us! Wink

- Strugg, SummerCoin Foundation Manager

Well this is interessting!

1211

sr. member

Activity: 294

Merit: 250

Nice idea!
Supporting.

Strugg

legendary

Activity: 882

Merit: 1000

NAV Coin [NAV]

OFFICAL ANNOUNCEMENT

Becouse of the Community's wish we have decided to change total amount of SummerCoin 2.0 coins to 50,000,000
Becouse of that swap ratio is 1:1
Here's the full and updated specification:

Algorithm: X13 POW/POS
Symbol: SUM2
total coin: 50,000,000
Block reward: 1500
POW max height: 14000 - 7 days POW only
Block time: 30 seconds
Retarget: dfficulty will adjust dach 25 blocks, and at block 250, adjust dach block
Min age: 4 days
Max age: unlimited
Confirmations on Transactions: 3
Confirmations on Mined Blocks: 60
Stake interest: First Year: 20%
Second Year: 10%
Third Year goes on: 5%
PREMINE: amount of coins on the SUMv1 Chain (swapped at 1:1 ratio)
RPC port: 33333
P2P port: 33330

Like You can see Your suggestions are important for us! Wink

- Strugg, SummerCoin Foundation Manager

Real_Unhooked

hero member

Activity: 838

Merit: 500

Why was the ratio changed? Huh

atleticofa

sr. member

Activity: 406

Merit: 250

Next trend ?

I bought some summers almost for free

skidog

legendary

Activity: 1393

Merit: 1001

Quote from: GREEDYJOHN on May 30, 2014, 08:45:02 AM

Good work Soopy, Summercoin is RISING!

yes good work soopy...love the x13 Idea...and lower coins...I donated about 25k coins in total. IM happy that was used wisely...

renxin

member

Activity: 107

Merit: 10

B2B - Find, Connect, Trade

I just want to know how can i get the free coins?

spicelord

sr. member

Activity: 252

Merit: 250

Quote from: Zulandio on May 30, 2014, 01:16:31 AM

This is a joke right? How is making more coins going to help anyone but the people making the new coins? What is this the old dev trying to scam everyone again? This is not going to help the coin at all.

There is double the coins to keep the ratio of 1 SUM1: 2 SUM2 working. SUM1 had 50mil. This has 100mil. While I would also like lower total coins, it works for what the coin needs.

Strugg

legendary

Activity: 882

Merit: 1000

NAV Coin [NAV]

Remember to follow SummerCoin 2 twitter to be updated with every SummerCoin news:
https://twitter.com/SummerCoin2 Wink

Strugg

legendary

Activity: 882

Merit: 1000

NAV Coin [NAV]

Quote from: GREEDYJOHN on May 30, 2014, 07:44:13 AM

Quote from: han1122 on May 30, 2014, 07:20:11 AM

Buy some cheap SUM Cool

Summercoin isn't cheap anymore - there was a price spike today.

It is still cheap. That was just a start. Think what will happen after SUM2 launch Wink

GREEDYJOHN

legendary

Activity: 1778

Merit: 1000

Good work Soopy, Summercoin is RISING!

sungrely

member

Activity: 112

Merit: 10

I'm readeing Grin

Topic: X13 [ANN] *SUMMERCOIN 2.0* [POW/POS][NAVAJO ANONYMOUS TECHNOLOGY][DECENTRALIZED] - page 126. (Read 171625 times)

Topic: X13 [ANN] SUMMERCOIN 2.0 [POW/POS][NAVAJO ANONYMOUS TECHNOLOGY][DECENTRALIZED] - page 126. (Read 171625 times)