Quote from: Tubularwindow on October 15, 2015, 12:52:57 AM

Quote from: Steak Cloud on October 14, 2015, 04:50:43 PM

Quote from: Derek492 on October 14, 2015, 03:40:23 PM

Quote from: Steak Cloud on October 14, 2015, 02:54:36 PM

Hello MINT community,

We have been hard at work doing research on your coin and have have the following plan in place to support MINT and its community.
First off we noticed that you guys have a large number of coins sitting on Exchanges, being a POS coin MINT should move at least 50% of the coins currently sitting on Exchanges to staking and not giving exchanges the ability to stake large volumes of coin or pulling the value down with such large volumes up for sale.

Here is what we would like to propose in order to get MINT listed as a payout option while at the same time really make the most of the listing on Steak Cloud and not let it simply turn into "Just another service" for MINT. At Steak Cloud our main aim is to increase altcoin value on exchanges, we have a proven track record of making this happen, so here is our plan of action for MINT.

Steak Cloud is launching its cloud staking service "Steak Cloud" this will run alongside our current POS mining operation but at the same time we would like to offer MINT the opportunity to be used as the altcoin we launch out service with, giving MINT even more exposure and the chance of a maximum value increase, If you are able to see the value in what we are proposing for mint please read further if not read further anyway you might start to piece it together better.

Why should I use Steak Cloud to stake my coins in the cloud?
This will help remove excess POS coins from exchanges and in turn raise the value of those coins in two ways.

Removing low value sell orders will help increase value
Stake these coins in the cloud with Steak Cloud and grow your investment

Most people do not stake their coins as they are not able to run a wallet 24/7 - Steak Cloud is the solution to this your problem.

To do this "Stakers" (Those who stake with Steak Cloud) will need to stake their coins for a minimum term of 1 month at a 10% staking fee. (remember you are not removing all your coins, just 50% of them.
Stakers will have the option of withdrawing earlier although this will result in an early withdraw cancellation fee of 20% rather than the standard 10% fee, this will help maintain value as most Stakers will not want to pull out early based on the difference in the fee.
Stakers will have the option to Stake for longer periods with less fees incurred, a bit like a bank only 1000% better and without the low rates of interest.

On top of this we add MINT as a payout option on Steak Cloud to miners, driving the price even higher with the daily buy orders we will put through on exchanges in order to pay our POS miners.

In order for this to work we will need the support of a good share of the MINT community. Let this all sync in, excuse the pun, and feel free to ask any questions.

Regards

Improving altcoin value
http://steakcloud.com

Wow. So this is basically, like pooled minting? Do I understand that right? Sort of like pooled mining for PoW coins this is pooled staking for proof of stake? Sounds awesome! Would love to know more! Sounds exciting!! Shocked

Yeah this would essentially be "Pooled Minting" so Steak Cloud will be launching a Minting pool very soon. We will keep this process as simple as mining POS currently is with Steak Cloud pool mining.

If there is anything specific you would like to know please so not hesitate to ask.

Regards

Steak Cloud Support

Can you make an instructional video on how to use Mintcoins with the Minting pool?

Can you implement some features that allow us to estimate how many new coins will be minted? (for example if you pledge 300,000 mintcoins for 6 months, will it show a calculation showing estimated mintings at the end of the period? Also a progress bar, showing % until complete.

I think these would be nice features to have. Thanks

Yeah sure, the mintpool is in development, we will take all your suggestions into account.

A progress bar is a very cool idea indeed and will be implemented!

Please subscribe on the site for updated on release dates.