Ninjastic
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Board Announcements (Altcoins)
Re: Qora | POS | Assets | Names | Polls | Automated Transactions | Social Network
by
honghaisea
on 05/11/2019, 11:20:03 UTC
Quote from: allyouracid on November 04, 2019, 11:16:06 PM
Quote from: Rua on November 03, 2019, 11:34:59 AM
Quote from: allyouracid on November 02, 2019, 10:44:59 PM
Quote from: Rua on November 02, 2019, 08:17:48 PM
As far as I understand, are we just sending it to the address below? So how will the post QORT come to us. is anybody burn your qora?  thanks
Check the address: http://qora.vip/index/blockexplorer.html?q=QfGMeDQQUQePMpAmfLBJzgqyrM35RWxHGD
People are already burning.

The new client will have a function which checks which addresses from the old chain have sent their QORA to the QORA genesis block, and calculate its weight on the new network based upon the number of QORA burned.
You will receive a QORA asset on the QORT chain after burning, but it is not actually directly usable, but it's there to determine your weight / your share from the block rewards.

Hope this helps! Smiley


So QORT how will reach us?
The QORT you will receive over time is determined by your weight, on a 1:250 ratio. So, if you had 250.000.000 QORA, burn them by sending them to the QORA genesis block and receive 250.000.000 QORA asset on the new QORT chain, this will entitle you to your proportional share of the block rewards, meaning you will receive QORT until you have a total of 1.000.000 (because of the 1:250 ratio) QORT in your wallet.

This process will take quite some time. The network starts from 0 and block reward is, iirc, 5 QORT per block, which is shared between all users who get a share of each block.
where can trade QORT now? or any plan to list QORT on exchange? i did not find QORT an any exchange now