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Showing 20 of 26 results by David Chapman
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Board Tokens (Altcoins)
Re: [ANN][PoW] PegNet: A CPU Mineable Stablecoin and Synthetics Network for DeFi
by
David Chapman
on 16/12/2019, 17:36:29 UTC
Quote from: mjoseph45 on December 16, 2019, 02:50:09 AM
What gives you value to the Peg token?
PEG is a critical component for stabilizing the various stablecoins on exchanges via arbitrage.  It's what allows arbitrage to function correctly.  You can read about that here including PEG's specific role: https://factomize.com/how-pegnet-asset-prices-are-stabilized-via-arbitrage-on-exchanges/
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Board Tokens (Altcoins)
Re: [ANN][PoW] PegNet: A CPU Mineable Stablecoin and Synthetics Network for DeFi
by
David Chapman
on 13/12/2019, 19:14:58 UTC
Quote from: shinratensei_ on December 13, 2019, 06:15:36 AM
Quote from: PegNet on December 04, 2019, 09:36:08 PM
Quote from: lunnatic on December 04, 2019, 02:49:26 PM
Quote from: PegNet on December 04, 2019, 03:29:39 AM
Quote from: ningrum on November 27, 2019, 04:12:28 PM
Quote from: PegNet on November 27, 2019, 02:32:11 AM
For the record, there was no premine.  No coins were held in reserve.  There was no ICO.  This was a fair launch coin and there is no company or foundation in control or that holds coins on behalf of PegNet.  This is a decentralized ecosystem.
Do you intend to compete with Bitcoin? but I see PEGNET more than Bitcoin and it looks like Ethereum,
I see pEth, pXLM, pBitcoin etc. what does all this mean? I am curious
Those are "pegged" versions of those cryptocurrencies.  Miners subscribe to external market APIs and submit the price data for those crypto to PegNet and, long story short, on PegNet you can then convert into and out of those pegged assets.
is that some kind of token made from the Pegnet platform? I think your explanation about it can not be understood,
I myself am still confused about how there are pBtc, pEth etc.
PEG is the mineable token of PegNet.  PEG is awarded to miners who subscribe to external market APIs and publish the data to PegNet.  This data is for fiat, crypto, and precious metals at present and these miners are acting as decentralized oracles.  The price these miners agree upon for USD, BTC, ETH, XLM, Gold, etc becomes pUSD, pBTC, pXLM, pGold, etc.  These are the "pegged assets".  This, for example, makes pUSD a decentralized, fully auditable competitor to the likes of centralized stablecoins like USDT and Tether.  pGold becomes a crypto version of gold that should always follow the value of gold.  So if you want to hold crypto that follows the price of gold, you now can.

Please let us know if you'd like further clarification on specific points.
And what's the real purpose of the PegNet if that will be awarded to the miners only? You are saying if there will be pUSD and etc. is there a hot wallet to store the reserved funds? as far as i know if the stable coin will always need something to back it to make sure if the price of that coin will be stable without getting the volatility from the market.
Can Peg be converted into those coins?
If you are having the data for the collateral to backed the coin and it can'e be used to backed your coins.
Im feeling curious about how it works consider you are offering various pair to be used as a stable coin.
Excellent questions.

1.  On PegNet, pAsset prices will always be what the oracles (miners that subscribe to external market APIs) come to agree is the value.  So for example, on PegNet, pUSD should always be $1.00.  On EXCHANGES, the price is stabilized by arbitrage.  You can read about that here.

2.  PEG can be converted into any pAsset for just 1/10th a cent.  Any pAsset can be converted into any other pAsset for just 1/10th a cent.  Each block, in addition to the 5,000 PEG for miners, 5,000 PEG are available for converting from pAssets to PEG.  You can read about that here. 
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Board Pools (Altcoins)
Re: [ANN][POOL] Orax - First PegNet Mining Pool (CPU mining)
by
David Chapman
on 08/12/2019, 02:47:16 UTC
I mine PEG with Orax.  It is extremely user friendly and support is fantastic.
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Board Tokens (Altcoins)
Re: [ANN][PoW] PegNet: A CPU Mineable Stablecoin and Synthetics Network for DeFi
by
David Chapman
on 15/11/2019, 02:26:47 UTC
Article: What is the maximum supply of of PEG, the CPU mineable token of PegNet?
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Topic
Board Announcements (Altcoins)
Re: [FCT] Factom - A General Purpose Data Protocol and Tokenization Platform
by
David Chapman
on 14/11/2019, 16:14:57 UTC
pUSD, a truly decentralized, fully auditable, US Dollar stablecoin on PegNet (which is built on Factom) that competes with USDT and USDC, is now listed on ViteX.  PegNetMarketCap.com displays that data https://pegnetmarketcap.com/asset/pUSD/exchange-price-trend and as of right now, pUSD is at $0.98 on the exchange.  A good start!

And the tweet: https://twitter.com/pegnetmarketcap/status/1195008320114806785
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Board Tokens (Altcoins)
Re: [ANN][PoW] PegNet: A CPU Mineable Stablecoin and Synthetics Network for DeFi
by
David Chapman
on 14/11/2019, 16:13:07 UTC
pUSD, a truly decentralized, fully auditable, US Dollar stablecoin on PegNet that competes with USDT and USDC, is now listed on ViteX.  PegNetMarketCap.com displays that data https://pegnetmarketcap.com/asset/pUSD/exchange-price-trend and as of right now, pUSD is at $0.98 on the exchange.  A good start!

And the tweet: https://twitter.com/pegnetmarketcap/status/1195008320114806785
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Board Tokens (Altcoins)
Re: [ANN][PoW] PegNet: A CPU Mineable Stablecoin and Synthetics Network for DeFi
by
David Chapman
on 13/11/2019, 15:48:04 UTC
PegNetMarketCap.com now supports PEG pairs from VineX which added PEG yesterday.  https://pegnetmarketcap.com/asset/PEG/exchange-price-trend

VineX is a CEX that added PEG yesterday.
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Topic
Board Tokens (Altcoins)
Re: [ANN][No ICO][PoW] PegNet: Stablecoin Network for DeFi
by
David Chapman
on 04/11/2019, 16:10:15 UTC
Quote from: LuciapTech on November 04, 2019, 04:00:51 PM
Hello everyone we are happy to announce the public launch of our PegNet mining pool: https://www.oraxpool.com

We have been running privately for more than 2 months and distributed over 10 millions PEG to our miners.

I've been one of the beta testers of the Orax pool and can say it is EXTREMELY user friendly. Put your CPUs to use for Factom and get on PegNet by mining!
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Board Announcements (Altcoins)
Re: [FCT] Factom - A General Purpose Data Protocol and Tokenization Platform
by
David Chapman
on 01/10/2019, 03:05:16 UTC
October 1st Factom Protocol Newsletter
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Topic
Board Tokens (Altcoins)
Re: [ANN][No ICO][PoW][No PreMine][Fair Launch] PegNet: Pegged Tokens on Factom
by
David Chapman
on 25/09/2019, 05:51:24 UTC
PegNet explainer video: https://youtu.be/bh0GlzLiM6Y
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Topic
Board Tokens (Altcoins)
Re: [ANN][No ICO][PoW][No PreMine][Fair Launch] PegNet: Pegged Tokens on Factom
by
David Chapman
on 18/09/2019, 19:25:50 UTC
New article: PegNet Part 3: Conversions, Transactions, and More -- https://factomize.com/pegnet-part-three-conversions-transactions-and-more/
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Board Announcements (Altcoins)
Re: [FCT] Factom - A General Purpose Data Protocol and Tokenization Platform
by
David Chapman
on 01/09/2019, 04:20:50 UTC
The September 1st Factom Protocol Newsletter is out.  In includes various information on PegNet: https://factomize.com/forums/newsletter/256/view

And a tweet if you'd like to help spread the word (please): https://twitter.com/DChapmanCrypto/status/1168012856358359041
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Topic
Board Tokens (Altcoins)
Re: [ANN][No ICO][PoW][No PreMine][Fair Launch] PegNet: Pegged Tokens on Factom
by
David Chapman
on 01/09/2019, 04:14:17 UTC
The September 1st Factom Protocol (which PegNet is built on top of) Newsletter is out.  In includes various information on PegNet: https://factomize.com/forums/newsletter/256/view

https://twitter.com/DChapmanCrypto/status/1168012856358359041
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Topic
Board Announcements (Altcoins)
Re: [FCT] Factom - A General Purpose Data Protocol and Tokenization Platform
by
David Chapman
on 30/08/2019, 20:39:35 UTC
PegNet hashrate has double since launch:

https://twitter.com/PegNetNews/status/1166378130350587904
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Topic
Board Tokens (Altcoins)
Re: [ANN][No ICO][PoW][No PreMine][Fair Launch] PegNet: Pegged Tokens on Factom
by
David Chapman
on 25/08/2019, 14:36:31 UTC
Be sure to check out the PegNet network stats at Factoshi. 
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Topic
Board Tokens (Altcoins)
Re: [ANN][No ICO][PoW][No PreMine][Fair Launch] PegNet: Pegged Tokens on Factom
by
David Chapman
on 17/08/2019, 15:28:22 UTC
Looking forward to mining PEG!

I've upgraded to the latest miner as directed.
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Topic
Board Announcements (Altcoins)
Re: [FCT] Factom - A General Purpose Data Protocol and Tokenization Platform
by
David Chapman
on 28/05/2019, 23:56:21 UTC
Factom EDA - A Vision of the Future.

This blog post was written by "Who", Factomize's Core developer. It is meant to inspire future development goals and trends.
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Topic
Board Announcements (Altcoins)
Re: [FCT] The Factom Protocol (Since 2014)
by
David Chapman
on 27/03/2019, 18:37:27 UTC
Quote from: aceNOThardware on March 27, 2019, 06:19:15 PM
Quote from: David Chapman on March 27, 2019, 05:46:47 PM
Quote from: Kartaba on March 27, 2019, 01:18:54 PM
YOU HAVE 50.000$/100.000$ daily volume man. What are you talking about FAT? You wanna compete with ETH, Stratis, waves, lisk, komodo, ubiq, RVN and god knows how many more? With your 2 markets and 50k volume? Can we get back to earth plz?

You need to suit up and start selling to exchanges because i can also write an email to binance knowing beforehand no one will probably read it. Same goes for you. MANUP SUITUP and go to them PHYSICALLY, make appointment and fucking SELL YOUR MOTHER! Thats the attitude im expecting from a company. You are not decentralized platform like RVN you have a CEO. So act like a fucking CEO then dammit!

1.  The Factom Protocol Exchange Committee is actively working on listings with additional exchanges.

2.  The Factom Protocol IS a decentralized platform.  In fact, in my opinion, it is one of the most decentralized blockchain projects in existence.  Governance, infrastructure, and development are largely decentralized.  There is not a single CEO or entity in charge.  That's why we have an Exchange Committee working to get listed on exchanges; there isn't a single person or entity that can represent the protocol.  

There is LITERALLY a CEO on their website: https://www.factom.com/company/team/

The project has strong partnerships and collaborators, but daily volume looks bad...

I understand your confusion.  The Factom Protocol is far more sophisticated and further along than most realize.  The official website of the Factom Protocol is FactomProtocol.org.  What you're looking at is the website of Factom Inc.  Factom Inc was the original creator of the Factom Protocol.  Then, in April of 2018 "Milestone 3" hit where they had developed the protocol enough where it could then be decentralized.  Factom Inc GAVE UP CONTROL of the protocol and are now nothing more than one of the 25 "Authority Node Operators" or "ANOs" for short.  There will eventually be 65+ ANOs and they are the international coalition of companies that provide the infrastructure that decentralizes the protocol.  You can see a list of the current ANOs here which you'll see Factom Inc as one of.  Most people know the crypto hedge fund Multicoin Capital which is also an ANO.

ANOs provide the infrastructure that decentralizes the protocol but governance and development of the protocol are ALSO decentralized.  You can read more about governance here and see the Core developers here.

There is no central person or entity in charge of the protocol.  All decisions that affect the protocol are made by consensus.  Each company that works on the protocol can obviously run their company internally as they see fit.
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Topic
Board Announcements (Altcoins)
Re: [FCT] The Factom Protocol (Since 2014)
by
David Chapman
on 27/03/2019, 18:17:41 UTC
Quote from: TheLoser on March 27, 2019, 04:07:41 PM
Someone can advise me whether to invest in factom or not , those reviews that I read above, give me reason to doubt .
Nobody here can or should advise you on that.  It's your own educated decision to make.  What we are happy to do is answer any questions you have about the Factom Protocol so that you can be more informed about its function and utility.
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Topic
Board Announcements (Altcoins)
Re: [FCT] The Factom Protocol (Since 2014)
by
David Chapman
on 27/03/2019, 17:46:47 UTC
Quote from: Kartaba on March 27, 2019, 01:18:54 PM
YOU HAVE 50.000$/100.000$ daily volume man. What are you talking about FAT? You wanna compete with ETH, Stratis, waves, lisk, komodo, ubiq, RVN and god knows how many more? With your 2 markets and 50k volume? Can we get back to earth plz?

You need to suit up and start selling to exchanges because i can also write an email to binance knowing beforehand no one will probably read it. Same goes for you. MANUP SUITUP and go to them PHYSICALLY, make appointment and fucking SELL YOUR MOTHER! Thats the attitude im expecting from a company. You are not decentralized platform like RVN you have a CEO. So act like a fucking CEO then dammit!

1.  The Factom Protocol Exchange Committee is actively working on listings with additional exchanges.

2.  The Factom Protocol IS a decentralized platform.  In fact, in my opinion, it is one of the most decentralized blockchain projects in existence.  Governance, infrastructure, and development are largely decentralized.  There is not a single CEO or entity in charge.  That's why we have an Exchange Committee working to get listed on exchanges; there isn't a single person or entity that can represent the protocol.