People are holding their coins. That is good and also not good. People should keep on trading Process on the binary options is slow, it takes a lot more time then expected.

Update:

Still working on the Binary option, but we need to buy a license of Oracle and that cost something.

Between 1 and 2 months is a valid time frame.

I have to check with the owner of the block explorer, but everything is fine with the coin.

Sorry, we are very busy with working on the binary options platform.

Will getting verified help PEN?

http://www.coinssource.com/trust-index/

If this service is for free then i maybe will do that.

All in time, all in time. 

Thanks!!!

Busy with a little report:

http://i.imgur.com/7vME9Wg.png


We are using a Oracle Database.

This database will have the following tables available:

1. Users (This will list all the users - passwords - how many times you login wrongly)
2. Wallets (There will be a link with the user table so that it is possible to know which wallet is part of which user)
3. Transaction Table ( This will list all your transaction that you did, basically the report above is coming from that table)
4. Trade date (Your own trades, the price that you open a call and how long it will stay open)
5. Exchange date (table that will store the values of the coin on the exchanges)

PS: it is just a basic report, we will of course add the necessary special graphs, but now that is not important.

You mean 'Binary Options using altcoins?'

Thanks.

I hope that people will love our binary options when it is ready.

three people are working on it, but they also have a full time job. The plan was that we would be able to hire someone full time using ICO money, but the result and the low BTC price is a problem.

I was contacted by someone to write up a article about PEN for a good price, and i'm thinking to use some of the BTCs that i earn from ICO for it.

In the meantime i would suggest that everybody hold their coins and even try to buy some more coins as current price will give you as investors in PEN some big opportunities when more and more people start to know about PEN.

Be smart, buy low, sell high. Start spreading the word, little by little. Make PEN a big coin and together we can all achieve something nice.

Security is KEY! People will have BTC/LTC/... in our wallets, if someone hack the system then we have problems.

Binary option program is moving little by little. We don't want to rush. Look what happened with BTER.

We are in the beginning phase. We don't want to launch something that will break any systems that will results in losing coins.

UPDATE:

New wallet is available with encrypted messaging

https://mega.co.nz/#!opQjET5D!867y54f6VDAwW5Ga3Ws7b6lfzSTKPkRaMn2bUFK0f4M

The plan is to add first the big coins.

1. BTC
2. LTC
3. DOGE
4. DRK
5. PEN


As it are binary options, we need to make sure that there is ENOUGH volume for that coin, because when the orderbook is too thin then people can just manipulate the system and either put a huge buy or a huge sell order to get profit out of the binary option.

Payments will be available in :

1. BTC
2. LTC
3. DOGE
4. DRK
5. PEN

Withdraws will be available in :

1. BTC
2. LTC
3. DOGE
4. DRK
5. PEN


Maybe we will add smaller coins too, but then with some limitation in amount that you can invest. Reward not 80 -85%, but only 70% or so.

We are pnly at the beginning of the development. We have our ideas, but adjustments can always being done.

First building the walls of the house and then the details

Development update : We are updating the wallet to include encrypted messages!!!!

This new wallet will be released in the coming week.

Some community support is needed to help us to achieve more exchanges

https://twitter.com/Pen_Coin/status/566358424582361089