Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] 1337 [MANDATORY UPDATE] 334.25% APR| FORK ON THE 25TH OF AUGUST
by
Velvet78
on 27/09/2016, 02:39:18 UTC
Quote from: vella85 on September 27, 2016, 12:45:05 AM
Quote from: Velvet78 on September 26, 2016, 10:49:30 PM
Quote from: vella85 on September 26, 2016, 05:54:46 AM
Quote from: freebitcoins4u on September 25, 2016, 04:03:48 PM
Quote from: vella85 on September 24, 2016, 10:53:22 PM
Quote from: axllht on September 23, 2016, 11:29:13 AM
POS 2% or 1,5% per year, that's all

I agree, if there is not going to be a swap then I also think the POS percentage should be lowered to 1% or 2% a year.  

it should be 1.337% Smiley

That's a good idea and now we just need to hear from the dev to let us know what he thinks of all the suggestions that have been posted here. Purchased a truck load more 1337 coins which was from my BTC faucet earnings.

sorry guys i needed a lil break. thanks for the suggestions. as someone mentioned before, people stake coins because they expect a return. imho 1-2% /year simply isnt enough incentive for users to keep coins in their wallet and stake them and most coins will end up on the exchanges. even with a high apr of 334.25% there are lots of coins blocking any rise in price atm... killing the coin in the process.

also, stake2play project is based on the idea that people can buy things with their stakes. so lets say someone invests $100 in the new version... how long would it take till he could afford a $5 game if the apr is 1.337% per year?

as for the swap ratio of 1000:1, that was my first thought too but it seemed a bit too radical to me at the time. but i have to agree that 10M coins are probably easier to manage than 100M coins.

Thanks for the update dev and I hope you had a nice break as we all need a break every now and then. You have some good points and now I see why 1 to 2 percent per year isn't attractive for people to invest in 1337. So the question is are we having a swap? So far a swap is leading in the poll and when will this poll end?

i would like to make it clear that its not my intention to force anyone to swap. i also cant guarantee any success after the swap but as things are now i simply cant do much because there is no liquidity in the market. so there will most likely be 2 coins instead of 1 and people will only be able to swap 1337 for the new coin and the old coins will get burned in that process. i have no ETA atm but i'll post my suggestion for the specs of the swap after i gathered more info.

we also need a new name, logo, ann etc etc but those things will come after we came to an agreement as a community. lets give the poll till the end of the week?