Quote from: sweethotnicky1990 on April 20, 2016, 04:49:40 AM

Quote from: valorbit on April 19, 2016, 01:39:53 PM

Quote from: valorbit on April 09, 2016, 12:55:48 AM

An initial step has been taken to decrease the rewards for social signups and distribution of Valorbit.

The Ruby reward for adding a verified Facebook account has been halved.
The decrease is from 500 000 VAL down to 250 000 VAL only.

The network referral fee for a Ruby collected by an invited friend has also been halved.
The decrease is from 1 000 000 VAL down to 500 000 VAL only.

Earlier this month the large facebook rewards have been halved, as quoted above.
Before the end of month they will be halved again, and further reductions will be implemented during May.

This decrease applies only to new signups and newly collected referrals.
The already awarded Rubies will continue to be distributed at the original valuation until the full amount is received.

After these reductions in the free distribution a new announcement will be made related to the distribution of the coin in general and the coins not yet distributed.

well this is a good news for the holder who hold there millions val.they see a little hope on it. but if i am in the dev. position i will stop the distribution for newly registered account and just continue the old one.there's no point to continue distribute it freely coz some of us get it for free.maybe this is the time to start a bounty to the user who truly support on this coin.not just to give it free.

Nice to see you active here DEv .
Reward Halving is good for new users but it will bring no benefit for the old registered account with millions of Val , i have more than 10 million can not even think to sell at the current price .
I suggest to stop the distribution and use a third party exchange to burn what remain of VAL.