Just wanted to give a quick update on where we stand and what our plans are in the short-term.
GRAVIEX exchange:
Although the price has been much lower than we would like; the positive side of all this is that there is between 5-10 MNs volume per day since were listed. This brings new people, new investors and new members to the community, thats what we want. We can also see that dumping is almost over, I would advise everyone to hold and sell for at least 0.0001 BTC (0.15 BTC/MN).
Current rewards:
As you may have seen, the block rewards have been dropped by 10%, totalling 16.20/block (12.96/MN reward). This started with the governance system at block 17282. This will permit the community to vote on proposals to fund special projects. The devs DO NOT have access to this fund. We are currently running some tests on the testnet, well release some more news soon.
Masternodes.online fundraising:
This is our next step. We need 0.2 BTC to list on MNO. At the moment, we do not have that. We think that listing on MNO will bring many investors and that will take the coin to new heights. We would like to start a fundraising campaign. We are open to any ideas, we are willing to sell MNs at reasonable prices. Our goal is 0.2 BTC, if we do not reach our goal, we will reimburse those who will have contributed.
The Bitcoin - BTC address for any contributions is: 17XSmPG3VzE1CsoxiE3Hj81kneutB6GpGJ
If you want to make donations in other cryptocurrencies, please let us know and we will be happy to add them !
Masternodes.online fundraising update:
Donations are coming ! Thanks to whoever you are from the IDA PAY Team and from the IDA PAY community !
Goal percentage achieved: 40%
Total Bitcoin - BTC Number of Donations: 3 Total Amount Donated: 0.07525166 BTC
Total Bitcoin Cash BCH Number of Donations: 1 Total Amount Donated: 0.05 BCH
Total IDA PAY - IDA Number of Donations: 6 Total Amount Donated: 131 IDA
Updated rewards:
Weve been discussing among us and we think that increasing the rewards for MNs to around 45 IDA temporarily, at the same time as we list on MNO would bring even more investors. A lot of people guide themselves on MNO to decide where to invest and the number that is very important is the ROI, if we can get the ROI to around 2000-3000% at least for a few weeks, that will help convince more people to join us. On the other side, this can also cause inflation and thus bring more dumping after some time. This would only be done if were able to list on MNO. We would like the community to vote on this, we would like to hear all of you.
Inter-blockchain atomic swap:
We have been experimenting a lot in the past few days and were very close to a proof-of-concept. We will release some new announcements in the next weeks, we think youll all be very happy with the achievements.
Conclusions:
Again, thank you @everyone for your support. As I always say, were in this for the long-term. A lot of projects have been promising a lot lately, just to find that they were scams. I personally know a lot of people that have lost many BTCs on dead-end projects, where the developers have just ran away. Im sure you all know some of them. We can promise you that were doing everything in our power to make this coin work not only for the investors, but because we believe in the premise and the vision of the project. We are always open to suggestions, we wont be able to make it without ALL of you.
For a fast response, support or informations, please join to our official IDA PAY Channel on Discord !
