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Board Announcements (Altcoins)
Re: [XAO] Alloy - The next generation anonymous, Cryptocurrency based on CryptoNote!
by
RoboCrypto
on 29/01/2018, 21:13:46 UTC
Quote from: anythingtechpro on January 29, 2018, 05:27:19 PM
Litecash wasn’t my official project, I was only contributing to the project and lending the developers a hand. When the issue with the blockchain occurred the developers canceled the project before i could get a chance to help them fix it. And no, I haven’t sold any of my Alloy, was only encouraging the very first few successful trades. If I wanted to dump my coin I would have already and left the project. It’s been almost a month and still here actively improving Alloy as we speak. And I plan to continue developing the project for the years to come. I hope you will continue following the project as well.

I haven't been there for Litecash so I can't tell what went on, only what's left over which is not much. 
Website, github project, reddit have all been deleted so I can't tell what was there.  Maybe somebody who followed it can chip in.

If it wasn't your project, why were you the one making the announcement on this forum and why were you trying to delete it?
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Board Announcements (Altcoins)
Re: [XAO] Alloy - The next generation anonymous, Cryptocurrency based on CryptoNote!
by
RoboCrypto
on 29/01/2018, 16:03:20 UTC
I've been doing some research on this coin to see if this is something I want to get involved in.  If anybody is interested, here are my findings:

Core Dev of this project is AnythingTechPro.  His last project was Litecash [LCH]:
https://bitcointalk.org/index.php?topic=2650829.msg27014800#msg27014800

Here are all his posts on this forum:
https://bitcointalk.org/index.php?action=profile;u=1346709;sa=showPosts

As you can see, he's selling XAO really cheap. 
Also, if you scroll down to the first post, you'll find this:
19    Alternate cryptocurrencies / Announcements (Altcoins) / subject here...   on: December 27, 2017, 01:25:38 AM
...

Last Saturday, before I asked 2 people from Alloy Dev Team (the only 2 people I had conversations with), that first post looked like this:
19    Alternate cryptocurrencies / Announcements (Altcoins) / Re: [LCH] Litecash (Cryptonote, private, secure cryptocurrency)   on: December 27, 2017, 01:25:38 AM
Litecash project has been suspended due to unethical early release, and major issues with the blockchain... It was a cool experiment, thanks to all that participated.

Here is the conversation I had with those 2 Devs:

Quote
CryptoRob - Last Saturday at 2:09 PM
   Are you part of the team that launched this project or did you join after it started?
OxHaK - Last Saturday at 2:11 PM
   The devs team in green, joined the core dev after the first launch.
CryptoRob - Last Saturday at 2:12 PM
   What do you think about this: https://bitcointalk.org/index.php?action=profile;u=1346709;sa=showPosts
   Those re posts from anythingtechpro and his previous coin LCH
OxHaK - Last Saturday at 2:21 PM
   Interesting, I had not looked, but for now nothing suspicious, a normal progression and very good for this coin.
CryptoRob - Last Saturday at 2:24 PM
   OK, thanks


Quote
CryptoRob - Last Saturday at 2:24 PM
   Are you part of the dev team that launched this project or did you join afterwards?
nighthawk - Last Saturday at 2:24 PM
   joined after
   whats up?
CryptoRob - Last Saturday at 2:25 PM
   What do you think about this: https://bitcointalk.org/index.php?action=profile;u=1346709;sa=showPosts
nighthawk - Last Saturday at 2:25 PM
   what do you mean
CryptoRob - Last Saturday at 2:26 PM
   those are posts from anythingtechpro and his previous coin LCH
nighthawk - Last Saturday at 2:27 PM
   good find
   He's kind of new to this stuff so not surprising
CryptoRob - Last Saturday at 2:32 PM
   Any other new CryptoLight coins that you follow with good community?
nighthawk - Last Saturday at 2:32 PM
   he's a good guy, trying to do the right thing.
   this one is good
   that litecash was another project ATP was involved with
   we got 4 great folks. stay for the ride.
   are you a miner?

Shortly after I asked those questions (and I only talked to above 2 devs), AnythingTechPro tried to delete his LCH post but only succeeded in removing the subject and the text of the post.  That tells me everything I need to know.

If anybody is interested, I have 909 XAO to sell, really cheap.
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Board Announcements (Altcoins)
Re: [XAO] Alloy - The next generation anonymous, Cryptocurrency based on CryptoNote!
by
RoboCrypto
on 26/01/2018, 18:58:52 UTC
Quote from: mroctopus on January 26, 2018, 06:03:36 PM
common cryptonote coins all have 15%-20% premine for bounties and maintenance.
it is not embarrassing for the dev team to announce the 5% premine.
keep in mind that this coin has bounties and reimbursement deducted from premine.


You're right, it's not embarrassing for the dev to announce 5% premine. 
So where is that announcement?.. Especially that originally it was no-premine.
I've read through every page of this thread and I didn't find it.
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Topic
Board Announcements (Altcoins)
Re: [XAO] Alloy - The next generation anonymous, Cryptocurrency based on CryptoNote!
by
RoboCrypto
on 26/01/2018, 17:23:12 UTC
Quote from: mroctopus on January 26, 2018, 04:46:33 PM
Quote from: RoboCrypto on January 26, 2018, 04:01:27 PM

Can somebody explain to me why Alloy Explorer is showing current supply of 4,775,475 XAO when only 456,000 coins where supposed to be premined?

Yes. the daily emission for XAO is about 38400 = 80 (block reward) x 24 (hrs) x 20 (3 minute block time)
4,650,000 XAO equivalent to 4 months private mining.
4,650,000 XAO equivalent to ~5% premine. (total supply 84 million XAO)
Since there is a hardfork, the dev team have to pay old blockchain miners 1 month worth XAO. Also the dev team have to pay for listing.
i.e dev team only reserved ~3-4% of total coins for maintenance cost.
You can check that most new cryptonote coins now have over 10% premine.


I see.  I wish this was communicated better. 
This coin went from no premine before hardfork to about 5% premine without announcement anywhere in this thread.  As of right now, it still doesn't mention anything about premine on the original announcement post.
Post
Topic
Board Announcements (Altcoins)
Re: [XAO] Alloy - The next generation anonymous, Cryptocurrency based on CryptoNote!
by
RoboCrypto
on 26/01/2018, 16:01:27 UTC
Quote from: nighthawk18 on January 22, 2018, 06:59:18 PM
Quote from: riskyfire on January 21, 2018, 11:11:58 PM
Regarding the coins transfer from the old to new wallet.

Can someone confirm where these new coins have come from?
I assume from a premined account but where can we verify the balance of this account?

Yes, we premined the new chain in order to allocate coins for the refunds, bounties, exchange fees, etc. 456,000 coins were allocated to cover all the possible previous coin holdings. Any remaining funds for coins not claimed will be allocated for bounties.

The refund wallet transfer was split into multiple transactions, but http://alloyexplorer.com/?hash=3d001e211e01e91795c1d5a7eeda435cbea2f95d766954f276eaf8b9ed628626#blockchain_transaction is an example of one transfer from genesis into the refund wallet.


Can somebody explain to me why Alloy Explorer is showing current supply of 4,775,475 XAO when only 456,000 coins where supposed to be premined?