As I understand it , all you need to do is keep your LNK tokens in your ETH wallet and you will be periodically airdropped your share of the network fees in LNKS tokens

I played around with the testnet integration with metamask and everything worked good so far,   Great job guys, When this thing goes live and silver actually ships from a vault to someones house,  I think LNK will rocket higher as alot of metal turned crypto bugs are going to want this coin

Please post an ETH address
Id rather donate coins/tokens other than cloak as I'm using centralized exchanges as little as possible, I dont want to part with any cloak, BTC is too expensive to move, and this way you can take any ERC20 token

got them back last night, never worried, just wondering. I figured it was based on Block height not time.

as Staking is closed for now, will it reopen when the main platform goes live?

any changes to Staking procedure or LNK minimum?


Very exciting to see this project develop and at the most opportune time as Mnuchin abandons the strong dollar policy resulting in gold and Silver having a decent pop up and will probably continue.

it's been over 3 days beyond the 60 day Stake and my LNK haven't been returned yet
Please advise

I want to thank the team for the weekly updates, there isn't much traffic here but you guys keep delivering, good job

The reason I'm excited about this project is because you are going to drastically improve the lives of miners around the world if this project is successful by eliminating the market rigging inherent in our current metals markets.

Do you have a time frame for when the LNKS token will be launched and how long until those LNKS tokens are redeemable for a Physical delivery of Ag?

What is the minimum redemption amount of LNKS?
how are shipping and insurance fees paid?
Who is able to mint LNKS and how do we audit their reserves against their token creation?
How are the storage fees structured?

what roll will the LNK token have as the platform matures, any changes to the staking process?
will the minimum stay 100LNK?
Will stakers have the option of choosing LNKS or physical Ag, maybe a mix, half and half?

thanks for all your hard work and looking forward to an EPIC 2018 and a COLOSSAL 2019   




 

Cardano is the highest market cap pure proof of stake coin and has been blazing higher selling itself as the only secured POS coin out there, that is until Cloak's audit is released which causes me to think Cloak's rise could be one of the fastest we've seen in crypto yet, which would explain clif high's call on cloak some months back,  it is far less stressful sitting back relaxing and collecting the stake and not worrying about trying to sell a high.

I think the electricity intensive PoW model coins are going to have a hard time competing for the mom & pop store of savings capital flow when PoS coins reward HODLers without 3rd party risk and have no hardware & electricity costs.

when can those currently staking expect delivery of the 36% LNK?

what logistical barriers did you not foresee that is forcing you to change the terms of the stake agreement?

how many 100+ coin contracts are being staked at this time?

thanks for all the info

will you be posting and updating the daily interest rate for staking on linksilver.io as it changes?
it would be nice to see a line that say something like
"Today's 60 day contract interest rate lock in is 0.555% daily"

If we take our stake interest in LNK what is the #of LNK that would be paid in a 100 coin 60 day contract?
Where do these coins come from?, inflation or fees? if inflation , what is the expected yearly inflation rate? is there a hard cap on the total number of LNK?

the silver link calculator says a $1,200 USD payout is made for a 100 coin 60 days stake contract. How is this calculated? Is the silver that will be shipped calculated by a LNK per ounce ratio or is it LNK to USD to Silver conversion? when is this ratio locked in?  when is the silver shipped ? after 30 days ? after the whole 60 days? sometime longer? will there be an email sent with the shipping info and tracking number, is signature required?

I wouldn't be so quick to call it a scam,
some called ether a scam when it first came out
If there is one thing I've learned about crypto's is to be patient, things can be dead slow then explode like a rocket once devs delivery. I'll wait and see

can we get the LNK stake payout in LNKS?

I think they may be talking about this project at 1:08:00 in

 https://www.youtube.com/watch?v=FsTAp_iit98

I'm still trying to wrap my head around the idea of the tiny 47,503 coin supply, if this project gets any traction and actually delivers on what they're working on, the price of the LNK token could outperform anything we've seen in crypto especially if they launch a successful oil market. I would love to see this platform adopted by mining and technology companies to circumvent the Comex and LBMA to provide for HONEST silver price discovery, contract trading, and physical settlement. If you can get the miners, Start with Keith Numier at First Majestic, to tokenize their production and show them how they could sell these tokens for bitcoin which then can be traded for a national currency of their choosing, and they should want to because they know they're getting screwed in the fake paper markets, the rest will fall into place, Good Luck

0xE2E6D4BE086c6938B53B22144855eef674281639


this worked

what is the add token address for LNK on MyEther address??

I am NOT proposing nor would I support a direct 1% flow go automatically to the devs.  The 1% would go to a treasury fund, Proposals would be made to that treasury with a spam fee, maybe 1-2 cloak. All wallets staking 1 coin or more would get to vote whether that project is funded or not, Each staked coin would garner the holder 1 vote to cast on each proposal. Projects would need to get a %, maybe 50%, more yes votes than no's to be approved. The Dev Team would have to submit their proposal & budget to the treasury and the staking wallets would vote to fund them. Just like in Dash, the core dev team can have their funding cut off and sent to a new team if they don't preform. In the beginning, the Devs would probably request most of the 1% or 50,000 coins created as their value is only worth $250K but as the coin increases in value the core team will require less and less coins to receive the same dollar amount so that other proposals can be funded like a promotional video series or wrapping an airplane in logos.

check out this link to see more details as how Dash's treasury works https://www.dashtreasury.org/faq-treasury.html

The thing that makes Dash so appealing is the decentralized governance in that, participants in the network get a say in how the treasury funds are spent and therefore can steer the direction of the project. This creates an active and enthusiastic community. The turn off is the huge barrier to entry of 1000 Dash or $200,000. Cloak could offer the privacy, speed, and governance people are looking for, where many more people could participate due to a significantly lower barrier to entry.

If this initiative is adopted I think it best to be coded into the wallet before the open source release IMO
Investors must be patient.

I think something this project is missing is a development funding source similar to Dash's treasury which has been phenomenally successful.  

What if every staking cloak wallet had the opportunity to vote on proposals submitted to the network with a 1 coin 1 vote ratio with similar passage rules as Dash's, %more yes's than no's, have this project treasury funded with 1% of the interest stake generated by all the wallets, dropping the interest paid cloak stakers to 5%, and burn unallocated coins lowering the inflation rate. I would be very willing to lose 1% to see a collective funding source created so all sorts of projects, including the dev team can be funded on an on-going basis.  

The approximate current 5,000,000 coin supply  has a total 300,000 coin increase this year with the 6% inflation, 1% would be 50,000 coins worth about $250,000 at the current $5 price,  A nice sum for a small full/part time Dev team.  

If Cloak had the same approximate market cap as Dash at $1.5 Billion, the 1% is worth $15 million per year or $1.25 million per month very similar to what Dash's current monthly budget is, $1.3 million.
                                

What are the communities thoughts???

will we ever be able to stake in a mobile wallet?

I first posted my problem on pg 1635

I cant get my wallet to sync past block 1222985

I tried all the suggestions to fix it with no luck.

I waited for a new release to see if that would fix it and still nothing.

I downloaded the http://108.61.216.160/cryptochainer.chains/chains/BlackCoin_blockchain.zip

I opened it with the new client and still nothing.

any help would be appreciated as i have about 10k coins

I have another computer that has a wallet that is synced but I cant figure out how to import the private key

I loved this coin and staking wallet when it worked but now very frustrated

Why would it work for a while then stop syncing correctly

I'm not tech savvy so any instruction should be as if you were explaining how to fix it to a child

Thanks