Re: ⚡[ANN]⚡[NDC]-NEEDLE COIN-(Masternode is coming)⚡PoS/PoW Hybrid⚡Italian Project⚡

Hi, question about Minting.
Do I have to do anything (such as running wallet, run any function) or it generates automatically after a period of time.

For the minting you need to run the wallet. And the coin will be mature in 30 days.

A maturity time of 30 days is such a long time. Is there any special reason why you decided to implement such a long maturity time?

hi,
the choice was made to give greater initial stability, and in any case 30 days are not so many ;-)

30 days maturity time is not much? Please show me 5 coins in the whole market that have a maturity time equal to or longer than 30 days Wink

For that ok, but we want to be a long-lived coin, if we give 1000% like some coins, how long do you think they last in the market?

I am not talking about the POS rate as I agree with you that high POS rates don't make economic sense. But the maturity time is a bit high. If I purchase coins today I have to wait 30 days until I can start staking with them. That's a long time compared to others.

Just noticed it this time but I also think that a coin maturity of 30 days is very long. I know that my thoughts here will not change anything but I just wanted to voice out my opinion. Wink

. From what I've said, that maturation time is, I think, too long for any coin. Yes, that will maintain stability as people will have to wait for 30 days before being eligible of receiving any stake/reward and that will prevent any huge dump. Your APR is also low so that, in a sense, will be enough to prevent any unwanted inflation for this coin. A 10-day maturation would be bearable but not 1 month. That's too long for a cryptocurrency.

Also, do you have any plans of being listed to bigger exchanges like Coinexchange or Cryptopia? That would really help this coin get the attention and market it really needed at this moment.

It's a totally unreasonable maturity time. Why would you want to prevent someone from staking for 30 days? Nothing to do with security reasons. 7 days is sufficient to prevent possible attack vectors.