I gave it some thought. And the swap is not necessary. Everyone who has yoshit with a synced wallet can simply keep staking. We do not need to even update the wallet if we don't want. The investorsbof yoshit coin now own it, esspecially if the dev wants to use yoshit as a premine for a new coin. Swaps are generally a bad move, it would be better to just hard fork the blockchain, like bitcoin cash. Then all holders of yoshit get a new coin while keeping their yoshit investments. I think I will keep my 5 million yoshit and keep staking them. It will not get delisted from novaexchange, unless people stop trading it. Unless the new coin is really cool, then I may swap some.
You keep your 5million. But with a supply of 900000000000000000000000000000000000000000000000000000000000000 - It has far too many coins to ever get past 1sat or do anything.
A lower supply gives the coin a chance to grow. But I guess the less people that swap it, the more valuable will be the coins that are swapped will be.
(the loads of zeros are an over estimate but cba trying to work out how many zeros i need to put for the supple - check page one)
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Topic
BoardAnnouncements (Altcoins)
Re: ANN: Introducing YoShit Coin - Scrypt
by
BDave88
on 03/08/2017, 21:24:13 UTC
I checked and I think with a NOVA swap we use their coin swap facility on the website, so we will need to put the YST into the swap for AXE on the Nova exchange (therefore take them out of the wallet)...
Post
Topic
BoardAnnouncements (Altcoins)
Re: ANN: Introducing YoShit Coin - Scrypt
by
BDave88
on 03/08/2017, 20:55:39 UTC
I'm currently staking my coins on the wallet. I should be find to leave them in the wallet over the weekend?
We decided to go with Coinexchange.io instead of Cryptopia. Cyptopia listing fees are just too high at the moment. So the new coin will be trading on both nova and coinex. The swap will hopefully take place this weekend. There will be a total of 21 million coins and at 100 (YST coins) to 1 ratio (AXE coins) will be issued. We will be in touch with Novaexchange to conduct the swap. X17 algo will be the new mining method as well. Cheers
swap 100yst for 1axe cut out 2 zeros to find out how many new coins you will get after swap is done
100:1 - For every 100 YoShit you will receive 1 AXE - The swap is great for the coin as it'll lower the supply from 9 000 000 000 coins to 90 000 000. A 90mill supply gives the coin the chance to grow significantly as it'll have a better market capital to coin amount = higher coin price [Thats a really basic explanation and I recommend looking into it further for a more thorough explanation]
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Topic
BoardAnnouncements (Altcoins)
Re: ANN: Introducing YoShit Coin - Scrypt
by
BDave88
on 01/08/2017, 18:22:09 UTC
If you get the following error when installing the Linux wallet after using
Code:
make -f makefile.unix
Code:
alert.cpp:273:1: fatal error: opening dependency file obj/alert.d: No such file or directory } ^ compilation terminated. makefile.unix:175: recipe for target 'obj/alert.o' failed make: *** [obj/alert.o] Error 1
You will need to create the obj folder with below code