Re: [ANN] Crypti | Release July | 100% POS | New Source
what is it. it is so high.
bter is the dev?
and are you from china?
Crypti is a new crypto-currency designed from the ground up to solve the biggest problem with other currencies - lack of purchase motivation. Crypti is being built from scratch. It will not rely on any other crypto-currency code.
Crypti uses a combination of proof-of-stake algorithms making it first of a kind.
Crypti is being developed in lightweight Node.JS, and can run on every device out there, including embedded nodes.
Guaranteed Features
Beta
The beta will be launched in synch with the pre-sale, in order to let the potential investors to experience Crypti potential. The beta will provide the following features:
If you want to be invited in PoS tester group, please, send to me your test passphrase, we will install node for you.
Pre-sale
Because Crypti is a Proof-of-Stake crypto-currency we will rely on an pre-sale for initial distribution of the supply. The total amount of Crypti in existence will be 100 Million. One Crypti will have 8 digits after the decimal point.
The pre-sale will start on July 11th, 00:00 UTC.
The pre-sale will last 30 days and we will accept Bitcoin (BTC address and Bter.com). In order to encourage people not to wait until the last day to buy, a structure rewarding early adopters will be used.
A bonus of 30% increase in stake will be awarded at the beginning of the pre-sale. This will be continuously reduced at a rate of 1% per day over the course of the sale to a final 0% bonus at the end of the sale.
Please note that after the pre-sale is finished it might be possible that the project is not yet ready for release. We are aiming to provide a public beta before the start of the pre-sale.
The source code of the complete project and following updates will be provided in quarterly releases. This will protect buyers against early clones.
The pre-sale will end on August 10th, 00:00 UTC.
Pre-Sale instructions
https://github.com/crypti/crypti-docs/blob/master/presale.md
Escrow
Pre-sale funds usage
The raised funds will be set aside for the post-launch development of Crypti. It will be kept in a public account so all transactions could be monitored. It will cover the following:
Pre-sale cap
In order to ensure fair and equal distribution, each buyer will be limited to a 2% maximum of the total funds raised. Any buyer who buys more than 2% will be refunded the excess funds over the 2% limit.
Crypti allocation
Launch team vesting
The Crypti team allocation will be time-vested according to time-blocks, with release points every 3 months, in coordination with code releases. The vesting will be spread over one year. Each payout will be approved by the Crypti foundation.
Development Funds / Initial Distribution
The Crypti team 0-10% sliding scale will be adjusted based on the amount of BTC raised in the pre-sale, lowering by 1% for every 50 BTC raised in the pre-sale, e.g.:
Any percentage not allocated to the Crypti team will be distributed among the genesis block buyers.
The 1% Transaction Fee
The 1% transaction fee will be reduced by 25% every time the transaction volume doubles.
Team
The team consists from experienced developers, designers and investors well versed in the crypto world.
Team members are:
Screenshots
http://i.imgur.com/bmz6sUo.png
http://i.imgur.com/5auZZiw.png
http://i.imgur.com/LVKHze0.png
Beta version (development)
http://crypti.me:6040/ - is development version of wallet. In testnet.
This is development beta version, if you found some issues, please open a ticket on https://github.com/crypti/crypti-public/issues, or notify is via PM.
PoS for invited users will be available 13-15 July.
Timeline
Our plan:
Twitter
https://twitter.com/CryptiCoin - follow us
Site
http://www.crypti.me
Whitepaper
https://github.com/crypti/whitepaper
AltCoinCalendar
https://www.altcoincalendar.info/coins/576-Crypti
bter is the dev?
and are you from china?
Crypti is a new crypto-currency designed from the ground up to solve the biggest problem with other currencies - lack of purchase motivation. Crypti is being built from scratch. It will not rely on any other crypto-currency code.
Crypti uses a combination of proof-of-stake algorithms making it first of a kind.
Crypti is being developed in lightweight Node.JS, and can run on every device out there, including embedded nodes.
Guaranteed Features
- Custom block-chains, allowing anyone to launch their own chain with custom rules
- Combination of 3 PoS algorithms:
- Proof-of-Purchase (purchases done since the last won forged block)
- Proof-of-Time (node running up-time)
- Proof-of-Identity (merchant address real-life validation)
- Ed25519 DSA for increased security.
- 1 minute block time, pending on the network activity and node uptimes.
- PoS retargeting on every new block.
- Password protected wallets that allow recovery from seeds.
- RESTful API for easy and fast interaction with Crypti nodes.
Beta
The beta will be launched in synch with the pre-sale, in order to let the potential investors to experience Crypti potential. The beta will provide the following features:
- Test-net block-chain with P2P connectivity
- Proof of Purchase (PoP) / Proof of Time (PoT) / Proof of Identity (PoI) Forging (only with invites).
- Web wallet
- RESTful API
- Merchant accounts
If you want to be invited in PoS tester group, please, send to me your test passphrase, we will install node for you.
Pre-sale
Because Crypti is a Proof-of-Stake crypto-currency we will rely on an pre-sale for initial distribution of the supply. The total amount of Crypti in existence will be 100 Million. One Crypti will have 8 digits after the decimal point.
The pre-sale will start on July 11th, 00:00 UTC.
The pre-sale will last 30 days and we will accept Bitcoin (BTC address and Bter.com). In order to encourage people not to wait until the last day to buy, a structure rewarding early adopters will be used.
A bonus of 30% increase in stake will be awarded at the beginning of the pre-sale. This will be continuously reduced at a rate of 1% per day over the course of the sale to a final 0% bonus at the end of the sale.
Please note that after the pre-sale is finished it might be possible that the project is not yet ready for release. We are aiming to provide a public beta before the start of the pre-sale.
The source code of the complete project and following updates will be provided in quarterly releases. This will protect buyers against early clones.
The pre-sale will end on August 10th, 00:00 UTC.
Pre-Sale instructions
https://github.com/crypti/crypti-docs/blob/master/presale.md
Escrow
- Bter.com will do the escrow through their exchange platform (for 0% fee to be deducted from the transfer). Refunds will be possible. Withdrawal will be 1% + 1 Crypti
- Maxmint will provide the escrow for direct transactions (for a 1% fee to be deducted from the transfer). Minimum amount will be 0.01 BTC
Pre-sale funds usage
The raised funds will be set aside for the post-launch development of Crypti. It will be kept in a public account so all transactions could be monitored. It will cover the following:
- Ongoing R&D of new capabilities and features
- Marketing / Exposure
- Refinement of the Wallet, Website, & Exchange
- Bounties & Gifts to support the community
- Other post-launch related expansion as necessary
Pre-sale cap
In order to ensure fair and equal distribution, each buyer will be limited to a 2% maximum of the total funds raised. Any buyer who buys more than 2% will be refunded the excess funds over the 2% limit.
Crypti allocation
- 75% of the genesis block will be allocated to the pre-sale auction and will be sold to the community.
- 15% of the genesis block will be allocated to the initial buyer, the creator and lead developer of the project, and the Crypti team, to ensure post-launch development of Crypti. These Crypti amounts will be released on a vested schedule, and kept in a public account so all transactions can be monitored.
- 0 - 10% (sliding scale, see below) of the genesis block will be allocated as a part of ongoing payment to the Crypti development team. These Crypti amounts (if any remain) will be released as a development funding mixed with the raised BTC, in ratio that the Foundation will decide upon.
Launch team vesting
The Crypti team allocation will be time-vested according to time-blocks, with release points every 3 months, in coordination with code releases. The vesting will be spread over one year. Each payout will be approved by the Crypti foundation.
Development Funds / Initial Distribution
The Crypti team 0-10% sliding scale will be adjusted based on the amount of BTC raised in the pre-sale, lowering by 1% for every 50 BTC raised in the pre-sale, e.g.:
- 0 BTC = 10%
- 50 BTC = 9%
- 100 BTC = 8%
- 150 BTC = 7%
- 200 BTC = 6%
- 250 BTC = 5%
- 300 BTC = 4%
- 350 BTC = 3%
- 400 BTC = 2%
- 450 BTC = 1%
- 500 BTC = 0%
Any percentage not allocated to the Crypti team will be distributed among the genesis block buyers.
The 1% Transaction Fee
The 1% transaction fee will be reduced by 25% every time the transaction volume doubles.
Team
The team consists from experienced developers, designers and investors well versed in the crypto world.
Team members are:
- Boris Povod (creator, nodejs developer).
- A.M. investor.
- Vladimir Gorshunov (nodejs developer, frontend, sdk).
- Anton Evsigneev (designer).
- Vyacheslav Gusev (designer)
- syrenity (developer)
- Mike Doty (engineer)
- GreXX (creative design)
Screenshots
http://i.imgur.com/bmz6sUo.png
http://i.imgur.com/5auZZiw.png
http://i.imgur.com/LVKHze0.png
Beta version (development)
http://crypti.me:6040/ - is development version of wallet. In testnet.
- PoS working only on our account, on we will up new nodes and make PoS for invited peoples
- Free Crypti for users
- Merchant addresses
- Dynamic fees. Look at The 1% Transaction Fee
This is development beta version, if you found some issues, please open a ticket on https://github.com/crypti/crypti-public/issues, or notify is via PM.
PoS for invited users will be available 13-15 July.
Timeline
Our plan:
- Finish wallet - 30 July
- Functional for custom blockchains and SDK - 1-15 September
- Listing on exchange (goal) - August
- First app on custom blockchains - November (first weeks)
https://twitter.com/CryptiCoin - follow us
Site
http://www.crypti.me
Whitepaper
https://github.com/crypti/whitepaper
AltCoinCalendar
https://www.altcoincalendar.info/coins/576-Crypti