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Topic: [XAO] Alloy - The next generation anonymous, Cryptocurrency based on CryptoNote! - page 8. (Read 24463 times)

full member
Activity: 675
Merit: 100
This is just a fork of Bytecoin (they already have CryptoNote algorithm) ? What advantages this coins have before other anonymous coins?

The only advantage is to the devs if and when they can get it on an exchange.
full member
Activity: 412
Merit: 100
Que sera sera
Created new US node for existing pool network to support the chain and give more options for miners:

http://us.alloy.cryptonight.me/

Any issues connecting - do let us know
full member
Activity: 1162
Merit: 101
This is just a fork of Bytecoin (they already have CryptoNote algorithm) ? What advantages this coins have before other anonymous coins?
hero member
Activity: 636
Merit: 500
where to exchange old coins for new?
member
Activity: 175
Merit: 11
"Decentralization is religion"
I have received my coins from submitted wallet smooth and safe. Thank you very much for professional approach and wish you good luck with the project! see you around
newbie
Activity: 35
Merit: 0
How can I check if funds(from old wallet) have been returned to me? I have a paper wallet.

You should download wallet binaries and extract archive. Then you will need synchronize blockchain by using alloyd.exe daemon. Simply start this file and wait till synchronization completion.

Later please start simplewallet.exe and use meniu Import wallet

I hope this helps.
newbie
Activity: 84
Merit: 0
Do not give the old coins, this is not a liar! big liar!

Go on discord under the #help channel, we'll help you. https://alloy.cash/discord

newbie
Activity: 141
Merit: 0
Do not give the old coins, this is not a liar! big liar!
newbie
Activity: 84
Merit: 0
common cryptonote coins all have 15%-20% premine for bounties and maintenance.
it is not embarrassing for the dev team to announce the 5% premine.
keep in mind that this coin has bounties and reimbursement deducted from premine.


You're right, it's not embarrassing for the dev to announce 5% premine. 
So where is that announcement?.. Especially that originally it was no-premine.
I've read through every page of this thread and I didn't find it.

It's mentioned two places on the website: https://alloy.cash/

We will be revamping the Ann and will make sure it is included there as well.
jr. member
Activity: 270
Merit: 5
Hello,

has now worked for me too  Smiley

Thanks to the developers and Nighthawk
newbie
Activity: 5
Merit: 0
common cryptonote coins all have 15%-20% premine for bounties and maintenance.
it is not embarrassing for the dev team to announce the 5% premine.
keep in mind that this coin has bounties and reimbursement deducted from premine.


You're right, it's not embarrassing for the dev to announce 5% premine. 
So where is that announcement?.. Especially that originally it was no-premine.
I've read through every page of this thread and I didn't find it.
newbie
Activity: 9
Merit: 0

common cryptonote coins all have 15%-20% premine for bounties and maintenance.
it is not embarrassing for the dev team to announce the 5% premine.
keep in mind that this coin has bounties and reimbursement deducted from premine.

I was reacting to lack of informations from dev team, not suggesting that premine is necessarily bad. And i mentioned that reimbursment, exchanges and potential bounties need to be accounted for (BTW actual premine is ~5.43%, so its pretty close to 5% after reimbursment).

There is no info at all about premine in initial post - they just removed original "no premine" sentence without writing anything about premine, seems little slimy.

sr. member
Activity: 1451
Merit: 258
Suddenly, countless projects are using the cryptonight something to start their ideas, but it's known to all the difficulty for the exchanges to add that kind of coin, anyway, perhaps the efforts are doubled, I'll be watching.

The current exchange seems very friendly, anyone can get into the place, there is no more detailed verification system like that, so impressed just looking for profit only.
newbie
Activity: 174
Merit: 0
I see.  I wish this was communicated better. 
This coin went from no premine before hardfork to about 5% premine without announcement anywhere in this thread.  As of right now, it still doesn't mention anything about premine on the original announcement post.

True. There is pretty big difference between coin with 0% premine or with 5% premine. While first one evolves more "naturally" with demand and community,  with premine developers have more power - either to make it or kill it

common cryptonote coins all have 15%-20% premine for bounties and maintenance.
it is not embarrassing for the dev team to announce the 5% premine.
keep in mind that this coin has bounties and reimbursement deducted from premine.
newbie
Activity: 9
Merit: 0
I see.  I wish this was communicated better. 
This coin went from no premine before hardfork to about 5% premine without announcement anywhere in this thread.  As of right now, it still doesn't mention anything about premine on the original announcement post.

True. There is pretty big difference between coin with 0% premine or with 5% premine. While first one evolves more "naturally" with demand and community,  with premine developers have more power - either to make it or kill it
newbie
Activity: 5
Merit: 0

Can somebody explain to me why Alloy Explorer is showing current supply of 4,775,475 XAO when only 456,000 coins where supposed to be premined?

Yes. the daily emission for XAO is about 38400 = 80 (block reward) x 24 (hrs) x 20 (3 minute block time)
4,650,000 XAO equivalent to 4 months private mining.
4,650,000 XAO equivalent to ~5% premine. (total supply 84 million XAO)
Since there is a hardfork, the dev team have to pay old blockchain miners 1 month worth XAO. Also the dev team have to pay for listing.
i.e dev team only reserved ~3-4% of total coins for maintenance cost.
You can check that most new cryptonote coins now have over 10% premine.


I see.  I wish this was communicated better. 
This coin went from no premine before hardfork to about 5% premine without announcement anywhere in this thread.  As of right now, it still doesn't mention anything about premine on the original announcement post.
newbie
Activity: 9
Merit: 0

Yes. the daily emission for XAO is about 38400 = 80 (block reward) x 24 (hrs) x 20 (3 minute block time)
4,650,000 XAO equivalent to 4 months private mining.
4,650,000 XAO equivalent to ~5% premine. (total supply 84 million XAO)
Since there is a hardfork, the dev team have to pay old blockchain miners 1 month worth XAO. Also the dev team have to pay for listing.
i.e dev team only reserved ~3-4% of total coins for maintenance cost.
You can check that most new cryptonote coins now have over 10% premine.

Premine was 4 560 000, old chain was about 11 days of mining with little over 400 000 coins, so after reimbursment it leaves something like 4 100 000+ with developers, that is pretty close to 5% premine. Indeed there will be some costs with exchanges and maybe some bounties etc.

And while bigger premine is quite common,  even with 5% there should be little more details about projects  (why it isnt another copy-paste shoecoin?).
newbie
Activity: 174
Merit: 0
Regarding the coins transfer from the old to new wallet.

Can someone confirm where these new coins have come from?
I assume from a premined account but where can we verify the balance of this account?

Yes, we premined the new chain in order to allocate coins for the refunds, bounties, exchange fees, etc. 456,000 coins were allocated to cover all the possible previous coin holdings. Any remaining funds for coins not claimed will be allocated for bounties.

The refund wallet transfer was split into multiple transactions, but http://alloyexplorer.com/?hash=3d001e211e01e91795c1d5a7eeda435cbea2f95d766954f276eaf8b9ed628626#blockchain_transaction is an example of one transfer from genesis into the refund wallet.


Can somebody explain to me why Alloy Explorer is showing current supply of 4,775,475 XAO when only 456,000 coins where supposed to be premined?

Yes. the daily emission for XAO is about 38400 = 80 (block reward) x 24 (hrs) x 20 (3 minute block time)
4,650,000 XAO equivalent to 4 months private mining.
4,650,000 XAO equivalent to ~5% premine. (total supply 84 million XAO)
Since there is a hardfork, the dev team have to pay old blockchain miners 1 month worth XAO. Also the dev team have to pay for listing.
i.e dev team only reserved ~3-4% of total coins for maintenance cost.
You can check that most new cryptonote coins now have over 10% premine.
newbie
Activity: 5
Merit: 0
Regarding the coins transfer from the old to new wallet.

Can someone confirm where these new coins have come from?
I assume from a premined account but where can we verify the balance of this account?

Yes, we premined the new chain in order to allocate coins for the refunds, bounties, exchange fees, etc. 456,000 coins were allocated to cover all the possible previous coin holdings. Any remaining funds for coins not claimed will be allocated for bounties.

The refund wallet transfer was split into multiple transactions, but http://alloyexplorer.com/?hash=3d001e211e01e91795c1d5a7eeda435cbea2f95d766954f276eaf8b9ed628626#blockchain_transaction is an example of one transfer from genesis into the refund wallet.


Can somebody explain to me why Alloy Explorer is showing current supply of 4,775,475 XAO when only 456,000 coins where supposed to be premined?
jr. member
Activity: 270
Merit: 5
Have all the old wallets already been transferred or are you still working on them?

Unfortunately, the balance has not arrived yet.

If it hasnt arrived yet, you should check the pastebin link above for your address. if its in the list of problematic wallets, you have to go on discord to contact them. they will resolve the issue with you then

Have looked again.

Had always used the old address to search, now again with the new, yes, are on the list

Thank you
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