Re: [ANN]ChronoLogic - Proof-of-Time token on Ethereum
⭐ Merited by MoneyJ (5)
So how did the webinar has gone through? Hope that there is a recorded session on official YouTube channel of chronologic. I believe it was about an in depth explanation on MyCrypto wallet integration as to how Day tokens would be used to execute a scheduled transaction.
There is a recorded session available on CL's youtube channel: https://www.youtube.com/watch?v=vdY7zwRQq0Y
Below here I copy/pasted the relevant written questions/remarks and answers from the april 17th webinar:
Quote
Q: Hi, I'd like to know if I can sell my TimeMint another way than having 8888 Day tokens.
A: Unfortunately no.
[edit: below 6 questions are about the conditional scheduling feature as being presented in the first part of the webinar] :
Q: Conditional scheduling can potentially be used for all decentralized exchanges
A: Precisely
Q: Nice. Market it as IFTTT (if-this-then-that) for crypto
A: That is a valid suggestion
Q: No priorities for timemint holders?
A: Claiming Mechaninsm, does that
Q: So will Time Mint holders have an advantage?
A: Yes, they will
Q: Also timemint?
A: Including TimeMint
Q: or just day amount?
A: both factors are put into consideration
[edit: below questions are about timenodes and the EAC in general and the ether/erc20 token scheduling feature as being presented in the rest of the webinar] :
Q: Do I have to use metamask when proving day token ownership to set up a timenode. Can I prove direct from a hardware wallet?
A: You should be able to prove using your hardware wallet, from mycrypto. The process uses a signed message from the address holding DAY. So you might be able to do so either way.
Q: Process did not work when signing direct from trezor
A: Kindly create an Issue on github, describing your experience, and we would get on it
Q: Can an existing Trezor account set up with MyEtherWallet.com access MyCrypto? My Timemint is tied to a Trezor / MEW address
A: Yes, you only need to sign a proof for your MEW address, from your Trezor
Q: When mainnet?
A: We are still waiting on the security audit, it might take up to 10 weeks
Q: Often ICOs require to whitelist an ETH address for participation to get the ERC20 token. This problem is unsolvable to EAC, isn't it?
A: The process would be to whitelist the generated schedule contract
Q: Is there any EAC V2 timenode version we can test? Especially CLI version... eac-js.cli on github seems to be outdated
A: Answered Live !!!
Q: How safe is EAC atm? A bullet-proof security audit would be essential before release EAC to the main net. And even then, declared clearly as BETA with use by own risk. One big issue on main net could kill the whole project.
A: We have begun an extensive security audit.
Q: Is there a plan to go out from Ethereum space with chronologic? I mean bring it into a cross chain environment?
A: Actually we are discussing this internally
Q: What is the advantage of having a time mint over just holding just 333Day.
A: You get priority claiming as a timenode [edit: i think he meant "as a timemint"]
Q: Looking further ahead - i presume companies could use the eth alarm clock for payment of stock dividends? Would this have to be paid in ETH? or could it be set for any fiat currency?
A: Only in ERC20 or ETH at the moment.
Q: Cool! Excited to hear about upcoming partnerships and who is catching on to the value here
A: We would update as we have confirmed partnerships
Q: keeping a trezor connected as a time node defeats the point of having a hard wallet
A: That is not a planned implementation, presently
Q: Will it be possible to link more than 1 timemint to a timenode? (in order to create a sort of timenode pool?)
A: we are looking at ways to implement that
A: Unfortunately no.
[edit: below 6 questions are about the conditional scheduling feature as being presented in the first part of the webinar] :
Q: Conditional scheduling can potentially be used for all decentralized exchanges
A: Precisely
Q: Nice. Market it as IFTTT (if-this-then-that) for crypto
A: That is a valid suggestion
Q: No priorities for timemint holders?
A: Claiming Mechaninsm, does that
Q: So will Time Mint holders have an advantage?
A: Yes, they will
Q: Also timemint?
A: Including TimeMint
Q: or just day amount?
A: both factors are put into consideration
[edit: below questions are about timenodes and the EAC in general and the ether/erc20 token scheduling feature as being presented in the rest of the webinar] :
Q: Do I have to use metamask when proving day token ownership to set up a timenode. Can I prove direct from a hardware wallet?
A: You should be able to prove using your hardware wallet, from mycrypto. The process uses a signed message from the address holding DAY. So you might be able to do so either way.
Q: Process did not work when signing direct from trezor
A: Kindly create an Issue on github, describing your experience, and we would get on it
Q: Can an existing Trezor account set up with MyEtherWallet.com access MyCrypto? My Timemint is tied to a Trezor / MEW address
A: Yes, you only need to sign a proof for your MEW address, from your Trezor
Q: When mainnet?
A: We are still waiting on the security audit, it might take up to 10 weeks
Q: Often ICOs require to whitelist an ETH address for participation to get the ERC20 token. This problem is unsolvable to EAC, isn't it?
A: The process would be to whitelist the generated schedule contract
Q: Is there any EAC V2 timenode version we can test? Especially CLI version... eac-js.cli on github seems to be outdated
A: Answered Live !!!
Q: How safe is EAC atm? A bullet-proof security audit would be essential before release EAC to the main net. And even then, declared clearly as BETA with use by own risk. One big issue on main net could kill the whole project.
A: We have begun an extensive security audit.
Q: Is there a plan to go out from Ethereum space with chronologic? I mean bring it into a cross chain environment?
A: Actually we are discussing this internally
Q: What is the advantage of having a time mint over just holding just 333Day.
A: You get priority claiming as a timenode [edit: i think he meant "as a timemint"]
Q: Looking further ahead - i presume companies could use the eth alarm clock for payment of stock dividends? Would this have to be paid in ETH? or could it be set for any fiat currency?
A: Only in ERC20 or ETH at the moment.
Q: Cool! Excited to hear about upcoming partnerships and who is catching on to the value here
A: We would update as we have confirmed partnerships
Q: keeping a trezor connected as a time node defeats the point of having a hard wallet
A: That is not a planned implementation, presently
Q: Will it be possible to link more than 1 timemint to a timenode? (in order to create a sort of timenode pool?)
A: we are looking at ways to implement that
If you've found this useful, merit me please
thanks.