Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VTR] vTorrent - Share with freedom | Bittrex
by
vtorrent
on 14/05/2015, 12:57:52 UTC
Hello killacam8888,

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1. How many new VTR are minted per year?

By network protocol specification, VTR's Proof-of-stake interest is at 5% per year, but number of new VTR minted per year will also depends on the amount of VTR being staked in the network.

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2. What happens when the max vtr limit is reached is this like Bitcoin?

As of now, there is no hard coded maximum supply limit in VTR network protocol specification.

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3. I am a crypto noob overall so sorry for dumb questions but does this currency gain interest as i leave it in the wallet or stake it?

VTR holder could support the network and gain interest by staking based on any amount of VTR holding in their balance with minimum coin age of 6 hours in an unlocked running client.

Stakers in Proof of Stake network is no different than Seeders which consider as backbone of the BitTorrent network.

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4. what incentives will there be for people to hold VTR ?

As of now with vTorrent project still in early stage, there are little to no incentive (apart from speculation) for holding VTR such as holding to gain interest.

This is, however, should change dramatically once there are more features implement in our client, especially after torrents related features are implemented which also aim to fix BitTorrent network incentive to encourage peers to seed.

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5. could people open their own VTR market pages? ...

Having users to be able to share and trade content with each other is one of the feature in the works for our torrent implementation, it will most likely be build upon current massaging protocol in our client.

DEV: WINDOWS WALLET NEEDS AN UPDATE PLEASE! SCALING ISSUES WITH THE TEXT IN WALLET, IT IS CUT OFF. WALLET IS NOT READABLE AT ALL

Please PM me the screenshot of the issue and details about operating system you are running.


Thank you all for your interest and ideas to support our project.

Regards,

vTorrent