Ninjastic
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Board Announcements (Altcoins)
Re: Autoria Re-Launch: Proof of ETH Deployment, First Supply Curve Modeled Token!
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autoria
on 01/08/2017, 02:27:55 UTC
Quote from: TripToCrypto on July 31, 2017, 05:52:09 PM
Quote from: autoria on July 30, 2017, 08:12:22 PM
Quote from: ostrogoto2012 on July 30, 2017, 05:39:03 PM
Quote from: autoria on July 30, 2017, 04:19:27 PM
Quote from: ostrogoto2012 on July 30, 2017, 03:05:41 PM
Quote from: ICO INVESTOR on July 30, 2017, 03:02:23 PM
from op
anybody can participate by "proving their ETH". Participants will send ETH to the designated smart contract, which will then register the ETH wallet used in the submission process with an AUT stake proportional to the the ETH submitted. The ETH will then be refunded less the transaction gas cost

the amount of ETH send is relevant or is just to "proving their ETH" ?
Understood now , we do have to sent the eth to the dev , is better to use an escrow in this case ...

The ETH will be sent back to the msg.sender in the smart contract, so it simulates the proof of stake based on how much ETH you send to it. The sender just pays for gas costs on the network. The get their ETH back and AUT in a single transaction. The contract will be open sourced to verify this behavior.
thanks dev for the clarifications
No problem! I've added it to the FAQ as well in case anyone else has a similar question!

I am not "tech guy" in ethereum smart contracts coding. So how can I be sure about these contract logic? Will it any 3rd party trusted side review of code?

Sure, 3rd parties can review our code and we'll even walk through it so you can see that it's transparent. Sending ETH back is a very simple part of the smart contract. Most of the intricacies are in the growth model algorithm of AUT, not the Proof of ETH.