We have been running some scripts for awhile on Seed and our addresses. The 2 scripts were the elder tree and the rain cloud. The rain cloud has proven to work very well, and has made quite the difference in distribution and the coins price. The elder tree on the other hand is not very well thought out, and the people getting most of the stakes from it are the biggest holders whereas the rain cloud only rains on the small holders.
So we will be shutting the elder tree down and breaking that 300,000 Seed wallet into 10,000 Seed chunks. These chunks will be added to our new experiment which turns our Seedcoin into a staking multipool.
For the first month run of Beta testing, we will only be converting to Pinkcoin.
So we will be shutting the elder tree down and breaking that 300,000 Seed wallet into 10,000 Seed chunks. These chunks will be added to our new experiment which turns our Seedcoin into a staking multipool.
For the first month run of Beta testing, we will only be converting to Pinkcoin.
Here is a current address being rented:
https://chainz.cryptoid.info/seed/address.dws?sKi2DmEPnYXnXLWtkNof9gNrc4yL7mmoc1.htm
Stakes are converted and being sent to this Pinkcoin address:
https://chainz.cryptoid.info/pink/address.dws?PJYSKtZriNJSRU5TXKY4uaArAeHTwbJbPX.htm
Few questions about the rental wallets:
What is done with the rental BTC fee?
How is the rental price adjusted? I'm assuming based on current seedcoin price?
How does this create buy pressure for seedcoin? If the stakes are immediately being sold to fund pinkcoin purchases, wouldn't that lead to a constant sell pressure for seedcoin since the staking coins would likely otherwise be held by whichever wallet to which they would have previously been sent?
ATM, your staking wallet link has no outbound transactions, so how is that wallet funding the pinkcoins being sent to the pinkcoin wallet?
For each wallet you get ~133 coins/month converted to BTC, then into whichever coin you want, are these conversions done at market price? IMO, it seems overall more profitable to just straight out buy the coins you want with the rental fee than to rent a wallet.
Thanks,