Transition to PoS Update 5/6/2014
How will the transition take place: Detailed
Things are moving much faster guys, I know we pushed the limits on this, but I do have "perfectionist devs" who want everything done right and checked multiple times. I been mining CAIx for a week now on PoS and have the chain reset over and over. We had to deal with some security flaws that might pause a risk in the future. We definitely want a working wallet today and not tomorrow but the devs want a working secure wallet. The client we just finished is up to date on code. OiSiS have spent the better part of last week compiling and testing different codes, we ironed out the flaws and tested them all. We finally settled on two Clients and we are doing a final test to choose one. I can tell you the devs got very little sleep over this and I put extra pressure on them to finish this as quick as possible. What we have left now is pick the winning client add the logos icons and compile windows/linux/mac clients. Of Course we will reset the chain one last time for this, but that's an easy task. I will not set a day for this OiSiS said we need one more day for the last test and another day to compile the clients. So I will ask your patience and understanding one more time. I have spoken with Coinswap and they said the exchange can be setup in a matter of 3 to 4 hours, so as soon as we are done I will have the code for them to do this. I know you guys put your trust in us, and we will not disappoint you. I assure you these devs are doing their best and I have pledged to pay them myself for the work they are doing now, as so far they have gotten nothing in return for all the work they have done. Once the CAIx PoS clients are released we will setup a trading pair on
Coinswap. CAIx will be traded 1 for 1 with CAI, no trading fees, and no withdrawal fees. We will pay a fee to Coinswap for doing this service so that exchanging your CAI to CAIx will be completely free.
Coinswap no longer requires a withdrawal address to perform transactions, you have the option to leave coins on exchange till the CAIx wallet goes up on other exchanges or transfer to your new CAIx Client on your computer to use for PoS generation. We asked Coinswap to provide detailed instructions on how to perform the swap with screen shots, which they will do. After we release the source it will take Coinswap a few hours to setup the trading pair. The exchange will last till all 1.6 Million CAIx are exchanged.
Marketing: A very important aspect of every project, will commence today and will last a few weeks. We have delayed this long enough now, and with a great progress so far there is no reason to hold back. Our marketing team is ready for us to push forward on social networks and in the crypto community.
Multi-pool: As soon as mining for CAI is finished we are ready to roll out our profit switching multi-pool. The multi-pool would create extra volume on exchanges and take out the lower sell orders and create an upward moving trend on prices.
Tiny Elementals: game is now available on Google Play and Apple Store
Game Downloads
Game: The game has proven a great success already in our open Beta, the game dev team is working on implementing the latest changes to allow players access to different servers, the original geo limited release was to detect any early bugs and make sure there is no latency problems. We are implementing changes now to allow players access to different servers and play with players worldwide. Also introducing CAIx into the game as to complete purchases or pay new weekly tournament mode winners in purses of CAIx.
How will the games/Apps play into CAIx future?
We initially wanted to use the games/apps to strengthen our stake in CAIx by doing buy back from the community, but we also realize the fact that these games/apps might create extra funds that can cause CAIx to get drained out of the market. So we have decided to create a dividend system where CAIx holders can send their CAIx to a special server and hold for period of time after which they get their CAIx back and collect dividend in BTC.
This BTC dividend will be distributed based on the amount of CAIx the person will hold on the distribution server. The holding period might vary from 8 hours to 3 days depending on the total amount of BTC to be given to holders.
FAQ: questions asked on IRC and this thread will be answered here.
- Will I be able to trade CAIx in BTC ? Yes of course you will. We will start the exchange process from CAI to CAIx and then ask the exchanges to take CAI wallets down and put up the CAIx for trade instead. The exchanges will let people withdraw their CAI to be exchanged for CAIx on our special 1 for 1 exchange we will setup for this purpose. Once exchanged CAIx can be sent back to Mintpal for example and traded on the new ticker or sent to the new client to use for PoS
First look at windows wallet for CAIx:
InformationSpecificationsAlgorithm: | Scrypt Adaptive-N |
Block Reward: | 28 CAI |
Block Target: | 88 seconds |
Difficulty Retargetting: | KGW Every block after 500 |
Max Supply: | 28 million |
Funds: | 2% for Marketing, Bounties, Development. |
Mined block Maturity: | 120 Blocks. |
Transaction Confirmation: | 6 Blocks. |
Block Rewards: | Amount left to be mined. |
28 CAI (block 0000002 - 358363) | year 00-01 => 17,405,892 left to be mined |
10 CAI (block 0358363 - 1075089) | year 01-03 => 10,238,632 left to be mined |
05 CAI (block 1075089 - 2150178) | year 03-06 => 04,863,187 left to be mined |
03 CAI (block 2150178 - 3583630) | year 06-10 => 00,562,831 left to be mined |
01 CAI (block 3583630 - 4705306) | year 10-13 => CAI TX Fee left to be mined |
________________________________________ |
Multi-pool resistant with Kimoto's Gravity WellASIC-miners resistant with Scrypt Adaptive-NDownloadsNodes:
addnode=46.105.114.221
addnode=82.196.2.163
addnode=192.99.32.187
addnode=72.44.79.45
Official PoolsSpread the hash, do not mine at the big pools.Make sure to use a different password on every pool. It is
highly recommended to sign up to 3 pools to have as failover.
Official pools are part of our weekly promotions program.Charts and info.Do you have what it takes to be a community leaderExchangesVideoGaming & LotteryNews & MediaBlock ExplorersIRC Bots★ IRC Tip Bot: | Caishen on #caishen (Freenode) |
★ IRC Trivia Bot: | Caishen on #caishen (Freenode) |
★ IRC Dice Bot: | Caishen on #caishen (Freenode) |
________________________________________ |
Stores & Services
★ Store or Service: | Claimed TBA |
★ Store or service: | Claimed TBA |
________________________________________ |
Apps★ App 1: | Paper wallet Claimed |
________________________________________ |
Have an App not listed here? let us know, we'll add it.FaucetTranslationsMarketing & Development FundsPlease use the Exchanges to purchase CAIThe Funds we hold in CAI are not for sale. It will be moved to an escrow for destruction during transition period.Credits★ Sakr & Phark: | Mac and Windows builds |
★ Ziggy & Kro55: | Linux source and Linux builds |
★ Stuhlman & Lefter1s: | Marketing, pool program arrangements. |
★ BtcLtcDigger & Poolest: | IRC Bots and various other services. |
★ Biodragon: | Treasurer and business relations. |
★ Mei Guang Gheng: | Asian Marketing, developer. |
★ Advice Troopers: | Various developers from other coin communities. |
________________________________________ |