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Re: [20BTC bounty] Bitcointalk phishing site, max para.vn , impersonation scammer
Quote
Checking Domain Name
Domain Name: [phishing]
Top Level Domain: VN (Viet Nam)
DNS Lookup
IP Address: 125.253.112.146
Geolocation: VN (Viet Nam), 67, Tra Vinh, N/A N/A - Google Maps
Reverse DNS: mail112.e146.evlms.net
Also, this IP address is linked to this guy :
(original WHOIS query : https://www.whois.com/whois/125.253.112.146)
Quote
% [whois.apnic.net]
% Whois data copyright terms http://www.apnic.net/db/dbcopyright.html
% Information related to '125.253.112.0 - 125.253.127.255'
% Abuse contact for '125.253.112.0 - 125.253.127.255' is 'email@vnnic.vn'
inetnum: 125.253.112.0 - 125.253.127.255
netname: ODS-VNNIC-VN
descr: Online data services JSC
descr: 123 Truong Dinh, dist 3, HCMC
country: VN
admin-c: HTV3-AP
tech-c: HNT6-AP
status: ALLOCATED PORTABLE
remarks: send spam and abuse report to email@ods.vn
mnt-by: MAINT-VN-VNNIC
mnt-lower: MAINT-VN-VNNIC
mnt-irt: IRT-VNNIC-AP
last-modified: 2010-12-29T01:48:01Z
source: APNIC
irt: IRT-VNNIC-AP
address: Ha Noi, VietNam
phone: +84-24-35564944
fax-no: +84-24-37821462
e-mail: email@vnnic.vn
abuse-mailbox: email@vnnic.vn
admin-c: NTTT1-AP
tech-c: NTTT1-AP
auth: # Filtered
mnt-by: MAINT-VN-VNNIC
last-modified: 2017-11-08T09:40:06Z
source: APNIC
person: Hoang Ngoc Tuyen
nic-hdl: HNT6-AP
e-mail: email@ods.vn
address: ODS-VN
phone: +84-28-62888999
fax-no: +84-28-39320299
country: VN
mnt-by: MAINT-VN-VNNIC
last-modified: 2018-01-04T08:44:16Z
source: APNIC
person: Huynh Trong Van
nic-hdl: HTV3-AP
e-mail: email@ods.vn
address: ODS-VN
phone: +84-28-62888999
fax-no: +84-28-39320299
country: VN
mnt-by: MAINT-VN-VNNIC
last-modified: 2018-01-04T08:43:53Z
source: APNIC
% This query was served by the APNIC Whois Service version 1.88.15-46 (WHOIS-US4)
Even though that web hosting company is vietnamese (https://www.ods.vn/default.aspx) , I guess you should be able to contact them, since you would be engaging a law action against the scammer, and should be able to retrieve informations about the guy who bought that domain.
Even then, if this isn't the right person, and that website has actually been compromised by another person, as some persons might have stated it above, then ods.vn will be able to confirm that theory because of suspicious logs on their backend (because obviously they will have suspicious logs that aren't the ones of the owner)
Checking Domain Name
Domain Name: [phishing]
Top Level Domain: VN (Viet Nam)
DNS Lookup
IP Address: 125.253.112.146
Geolocation: VN (Viet Nam), 67, Tra Vinh, N/A N/A - Google Maps
Reverse DNS: mail112.e146.evlms.net
Also, this IP address is linked to this guy :
(original WHOIS query : https://www.whois.com/whois/125.253.112.146)
Quote
% [whois.apnic.net]
% Whois data copyright terms http://www.apnic.net/db/dbcopyright.html
% Information related to '125.253.112.0 - 125.253.127.255'
% Abuse contact for '125.253.112.0 - 125.253.127.255' is 'email@vnnic.vn'
inetnum: 125.253.112.0 - 125.253.127.255
netname: ODS-VNNIC-VN
descr: Online data services JSC
descr: 123 Truong Dinh, dist 3, HCMC
country: VN
admin-c: HTV3-AP
tech-c: HNT6-AP
status: ALLOCATED PORTABLE
remarks: send spam and abuse report to email@ods.vn
mnt-by: MAINT-VN-VNNIC
mnt-lower: MAINT-VN-VNNIC
mnt-irt: IRT-VNNIC-AP
last-modified: 2010-12-29T01:48:01Z
source: APNIC
irt: IRT-VNNIC-AP
address: Ha Noi, VietNam
phone: +84-24-35564944
fax-no: +84-24-37821462
e-mail: email@vnnic.vn
abuse-mailbox: email@vnnic.vn
admin-c: NTTT1-AP
tech-c: NTTT1-AP
auth: # Filtered
mnt-by: MAINT-VN-VNNIC
last-modified: 2017-11-08T09:40:06Z
source: APNIC
person: Hoang Ngoc Tuyen
nic-hdl: HNT6-AP
e-mail: email@ods.vn
address: ODS-VN
phone: +84-28-62888999
fax-no: +84-28-39320299
country: VN
mnt-by: MAINT-VN-VNNIC
last-modified: 2018-01-04T08:44:16Z
source: APNIC
person: Huynh Trong Van
nic-hdl: HTV3-AP
e-mail: email@ods.vn
address: ODS-VN
phone: +84-28-62888999
fax-no: +84-28-39320299
country: VN
mnt-by: MAINT-VN-VNNIC
last-modified: 2018-01-04T08:43:53Z
source: APNIC
% This query was served by the APNIC Whois Service version 1.88.15-46 (WHOIS-US4)
Even though that web hosting company is vietnamese (https://www.ods.vn/default.aspx) , I guess you should be able to contact them, since you would be engaging a law action against the scammer, and should be able to retrieve informations about the guy who bought that domain.
Even then, if this isn't the right person, and that website has actually been compromised by another person, as some persons might have stated it above, then ods.vn will be able to confirm that theory because of suspicious logs on their backend (because obviously they will have suspicious logs that aren't the ones of the owner)
Re: [ANN][MINEABLE ERC20 TOKEN] 0xCATE - CatEther, Free transactions for everyone.
Why don't you guys contact the cryptokitties team, and work with them, instead of trying to compete with them?
Because we actually don't compete with there, 0xCATE is a totally independent token, working solely through Proof of Work and Proof of Use.
There might be games revolved around 0xCATE in the near future, stay tuned for more infos !
Join our Discord channel, as all the activity is there
Re: [ANN][MINEABLE ERC20 TOKEN] 0xCATE - CatEther, Free transactions for everyone.
This was said that CatEther will be live at 5th of may, does it means the token already available to be trade?
Which market has this loken listed right now?
Which market has this loken listed right now?
Yep ! You can trade it on Enclaves.io : https://www.enclaves.io/trade/0xCATE
Also, you can check out the 0xCATE smartcontract on Etherscan, the source-code is available and everything
https://etherscan.io/token/0x8f7dbf90e71285552a687097220e1035c2e87639
Re: [ANN][NO-ICO] 0xCATE - PROOF OF WORK ERC20 TOKEN - Refund your gas with CATES !
Time to buy.... 
I m in.but...the price...
Price is just a number, since we're still unknown for most of the Cryptocurrency community, I guess it's normal to have a very low price. More for the early birds ! Except it's all without any kind of ICO. We don't need a multi-million dollar funding to launch our token, it's already working like a charm by itself
We've been listed on Enclaves.io ! https://www.enclaves.io/trade/0xCATE
Re: [ANN][MINEABLE ERC20 TOKEN] 0xCATE - CatEther, Free transactions for everyone.
I read the project and found that people could save some money by simply transferring money or using the "transferFrom" transfer function. As such, your transactions are free. The amount of CATE you accumulate can be profitable for the transaction.
When involved in this platform, the opportunity is more for us. I like and look forward to the free CatEther product.
When involved in this platform, the opportunity is more for us. I like and look forward to the free CatEther product.
In practice, 0xCATE price won't be higher than the median value of a transaction. But yeah, also in practice, it should cover a significant amount of your transfer fees. In some best-case scenarios, it could even be profitable to do 0xCATE transactions in itself, filling each blocks with low-gas-price transactions.
It has two consequences: first, since Ethereum blocks can get bigger over time, depending on whether they are filled or not, 0xCATE will help in making Ethereum's throughput higher. And since there will be more transactions, it will reduce the price of transfers (since the "offer" of available tx/s will increase). As a result, more 0xCATE will be minted through transactions, which will make us enter in a feedback loop that will both make Transactions cheaper, and coin supply higher. In the end, transactions will still be free, but there will be more coins in circulation, at a same, or lower price.
When we reach the "target price" (a.k.a. transaction cost), both token price and transaction price will start to slowly decrease, at the rate of the 0xCATE emission rate. Since the number of tx/s on Earth grows at about 8%/year, if we do nothing, Ethereum gas price should increase by the same amount. However, since 0xCate has a similar inflation-%-rate, it will make everything more stable.
Re: [ANN][MINEABLE ERC20 TOKEN] 0xCATE - CatEther, Free transactions for everyone.
I was thinking about CatEther game product, hopefully there will be some interesting game that will born from it, although it's all free.
Being a free game should be able to give impression to the people, that a free game is still have it's own pride and value, without removing the quality of the game itself.
Being a free game should be able to give impression to the people, that a free game is still have it's own pride and value, without removing the quality of the game itself.
You've read into my mind, ahah
To a bigger extent, we're also aiming at creating a decentralized exchange that will use CatEther as a way to reduce the transaction fees, thus, the trading fees. It will definitely take us some time to release such infrastructure, and the level of required security in such DAO is more-than-critical.
So, first, we will do something that is less critical in terms of security, thus, a video-game. Something that isn't like Cryptokitty, or any other "game" that are just like Beany-Babies.online
Re: [ANN][MINEABLE ERC20 TOKEN] 0xCATE - CatEther, Free transactions for everyone.
Since all the calculations and hashes are done accordingly to the smart-contract implementation, it isn't compatible with Claymore as of now. Maybe, in the near future, will they add our specific algorithm to Claymore. In the meantime, some freelance developers helped us to create a full-CUDA/C++ miner that takes advantage of the superior power of GPUs.
Just use the MVIs, or CosmiC miner; hit us up on Discord if you struggle, we will gladly help you !
Hey dev,Just use the MVIs, or CosmiC miner; hit us up on Discord if you struggle, we will gladly help you !
Would you mind considering to add mining profit calculator into the website of 0xCATE project, please.
I would like to know about the potential profitability before start mining.
Thank you.
Will do ! We're still trying to have a working Stats website witch would monitor the current state of 0xCATE;
we will add a mining profitability calculator; currently, you can still evaluate it by looking at the Contract on Etherscan. In the "Read Contract" section, pick up the difficulty number, and divide it by 50. It will give you the current Network hashrate (or, at least, a close approximation). Then, divide your hashrate by this number, and you will have the fraction of the daily 720M minted tokens that you can expect to earn
One GTX1080 yields around 800-1000MH/s, depending on the quality of the card; an RX570 will yield around 350MH/s. Hope it helped !
Re: [ANN][MINEABLE ERC20 TOKEN] 0xCATE - CatEther, Free transactions for everyone.
Dev, i already send you message
so, are you reading my message or nothing?
so, are you reading my message or nothing?
Hello Visax ! Sorry for not getting back to you sooner;
Please feel free to make an Indonesian version of this thread ; let me know when you've finished
There aren't bounties at this moment, but we're doing progress in that regard; since we didn't have funds from a "standard" (but mostly flawed and corrupted) ICO, it's all done with faith and determination ! Our community grows stronger each day, feel free to take part of this adventure
Re: [ANN][MINEABLE ERC20 TOKEN] 0xCATE - CatEther, Free transactions for everyone.
Very unfair launch in an effort to perhaps give an upper edge to some. The miner available is only for window 64, what about the ones who are still using 32?
Actually, compared to any other cryptocurrency, whose either used an ICO as a way to launch their tokens, or doing weird airdrops that end up distributing all the tokens to only a handful of people taking advantage of Sybil Attack vulnerabilities and such, we're pretty proud of the current, already very even distribution.
Technically, in the long-term, you won't even need any kind of hardware to get Cates: you will just have to send a transaction to the network, and will be funded with Cates (just 1 Cate, but still; you won't need any sort of hardware to get that one.)
In the longterm, once the number of transactions go past the 20tx/s threshold, there will be more Cates created by this feature than with Proof-of-Work, making it a fairer, more broadly distributed supply, from which anyone could "tap off".
Re: [ANN][MINEABLE ERC20 TOKEN] 0xCATE - CatEther, Free transactions for everyone.
We've been officially listed on Enclaves.io !
https://www.enclaves.io/trade/0xCATE
Join the Cate-A-Clysm :3
lol, mineable tokens and doesn't use Claymore.https://www.enclaves.io/trade/0xCATE
Join the Cate-A-Clysm :3
I found the information in the pool that I have to use MVIs token miner to mine 0xCATE.
So, can I use Claymore to mine this one, dev?
Thanks for your answers and guideline in advance.
Since all the calculations and hashes are done accordingly to the smart-contract implementation, it isn't compatible with Claymore as of now. Maybe, in the near future, will they add our specific algorithm to Claymore. In the meantime, some freelance developers helped us to create a full-CUDA/C++ miner that takes advantage of the superior power of GPUs.
Just use the MVIs, or CosmiC miner; hit us up on Discord if you struggle, we will gladly help you !
Re: [ANN][MINEABLE ERC20 TOKEN] 0xCATE - CatEther, Free transactions for everyone.
We've been officially listed on Enclaves.io !
https://www.enclaves.io/trade/0xCATE
Join the Cate-A-Clysm :3
https://www.enclaves.io/trade/0xCATE
Join the Cate-A-Clysm :3
Re: [MINEABLE ERC20 TOKEN] [FREE TRANSACTIONS] CatEther. Come and see.
For the ones wondering what Cate is currently trying to achieve in the short-to-mid term, in that order :
- Find a way to keep our pool up and running so that mining can be accessible for anyone. This really is our main concern.
- Release a whitepaper explaining all the inner workings of 0xCATE, and its consequences on the Transaction Market.
- Apply to more exchanges, keep spreading the word about our community
- Contact NGOs and charitable foundations (e.g. research Against Cancer, Doctors without borders, etc), and ask them to create an Ether Address so that we can actually make the Donation feature useful. Cate is also about donating for a better world.
- Keep building a community from that
- Release our first product (that would be a quite simple game), that would distribute all the earning to the aforemented NGOs and charitable foundations.
- More marketing
- Build the first DEX on Ethereum that would be free of any fees. It would also be free to use at that point, or at the very least, cheaper than any other DEX since you get refunded in Cates each time you interact with the contract.
- We'll see later for what's next
We also though about revamping our visual identity, as going full-on meme can actually hurt us in the mid-to-long term.
We first thought it would be a good idea, since memes can spread fast, but in the end, maybe we went too far.
We're on a short schedule !
- Find a way to keep our pool up and running so that mining can be accessible for anyone. This really is our main concern.
- Release a whitepaper explaining all the inner workings of 0xCATE, and its consequences on the Transaction Market.
- Apply to more exchanges, keep spreading the word about our community
- Contact NGOs and charitable foundations (e.g. research Against Cancer, Doctors without borders, etc), and ask them to create an Ether Address so that we can actually make the Donation feature useful. Cate is also about donating for a better world.
- Keep building a community from that
- Release our first product (that would be a quite simple game), that would distribute all the earning to the aforemented NGOs and charitable foundations.
- More marketing
- Build the first DEX on Ethereum that would be free of any fees. It would also be free to use at that point, or at the very least, cheaper than any other DEX since you get refunded in Cates each time you interact with the contract.
- We'll see later for what's next
We also though about revamping our visual identity, as going full-on meme can actually hurt us in the mid-to-long term.
We first thought it would be a good idea, since memes can spread fast, but in the end, maybe we went too far.
We're on a short schedule !
Re: [ANN][MINEABLE TOKEN] 0xCATE - Catether, Free transactions for everyone.
Hi...
What the Cates?
This 0xCate use mineable or Token guys?
What the algo hashing?
This using on network ethereum if there to mineable. Please I dont no for your project
What the Cates?
This 0xCate use mineable or Token guys?
What the algo hashing?
This using on network ethereum if there to mineable. Please I dont no for your project
Its a mineable token. The algo is similar to Keccak-256 and will be mined from Ethereum network (yes, that is right).
There are miners available, but no pools yet afaik..
Today, when to launched of pool mine guys?
So, do you have detail explorer or reward block.
Our pool is available at http://www.catether.org:3000 , come join us
For the ones wondering what Cate is currently trying to achieve in the short-to-mid term, in that order :
- Find a way to keep our pool up and running so that mining can be accessible for anyone. This really is our main concern.
- Release a whitepaper explaining all the inner workings of 0xCATE, and its consequences on the Transaction Market.
- Apply to more exchanges, keep spreading the word about our community
- Contact NGOs and charitable foundations (e.g. research Against Cancer, Doctors without borders, etc), and ask them to create an Ether Address so that we can actually make the Donation feature useful. Cate is also about donating for a better world.
- Keep building a community from that
- Release our first product (that would be a quite simple game), that would distribute all the earning to the aforemented NGOs and charitable foundations.
- More marketing
- Build the first DEX on Ethereum that would be free of any fees. It would also be free to use at that point, or at the very least, cheaper than any other DEX since you get refunded in Cates each time you interact with the contract.
- We'll see later for what's next
We also though about revamping our visual identity, as going full-on meme can actually hurt us in the mid-to-long term.
We first thought it would be a good idea, since memes can spread fast, but in the end, maybe we went too far.
We're on a short schedule !
Re: [ANN][MINEABLE TOKEN] 0xCATE - ERC20 TOKEN, BUT WITH POW.
For the ones wondering what Cate is currently trying to achieve in the short-to-mid term, in that order :
- Find a way to keep our pool up and running so that mining can be accessible for anyone. This really is our main concern.
- Release a whitepaper explaining all the inner workings of 0xCATE, and its consequences on the Transaction Market.
- Apply to more exchanges, keep spreading the word about our community
- Contact NGOs and charitable foundations (e.g. research Against Cancer, Doctors without borders, etc), and ask them to create an Ether Address so that we can actually make the Donation feature useful. Cate is also about donating for a better world.
- Keep building a community from that
- Release our first product (that would be a quite simple game), that would distribute all the earning to the aforemented NGOs and charitable foundations.
- More marketing
- Build the first DEX on Ethereum that would be free of any fees. It would also be free to use at that point, or at the very least, cheaper than any other DEX since you get refunded in Cates each time you interact with the contract.
- We'll see later for what's next
We also though about revamping our visual identity, as going full-on meme can actually hurt us in the mid-to-long term.
We first thought it would be a good idea, since memes can spread fast, but in the end, maybe we went too far.
We're on a short schedule !
- Find a way to keep our pool up and running so that mining can be accessible for anyone. This really is our main concern.
- Release a whitepaper explaining all the inner workings of 0xCATE, and its consequences on the Transaction Market.
- Apply to more exchanges, keep spreading the word about our community
- Contact NGOs and charitable foundations (e.g. research Against Cancer, Doctors without borders, etc), and ask them to create an Ether Address so that we can actually make the Donation feature useful. Cate is also about donating for a better world.
- Keep building a community from that
- Release our first product (that would be a quite simple game), that would distribute all the earning to the aforemented NGOs and charitable foundations.
- More marketing
- Build the first DEX on Ethereum that would be free of any fees. It would also be free to use at that point, or at the very least, cheaper than any other DEX since you get refunded in Cates each time you interact with the contract.
- We'll see later for what's next
We also though about revamping our visual identity, as going full-on meme can actually hurt us in the mid-to-long term.
We first thought it would be a good idea, since memes can spread fast, but in the end, maybe we went too far.
We're on a short schedule !
Re: [ANN][NO-ICO] 0xCATE - PROOF OF WORK ERC20 TOKEN - Refund your gas with CATES !
For the ones wondering what Cate is currently trying to achieve in the short-to-mid term, in that order :
- Find a way to keep our pool up and running so that mining can be accessible for anyone. This really is our main concern.
- Release a whitepaper explaining all the inner workings of 0xCATE, and its consequences on the Transaction Market.
- Apply to more exchanges, keep spreading the word about our community
- Contact NGOs and charitable foundations (e.g. research Against Cancer, Doctors without borders, etc), and ask them to create an Ether Address so that we can actually make the Donation feature useful. Cate is also about donating for a better world.
- Keep building a community from that
- Release our first product (that would be a quite simple game), that would distribute all the earning to the aforemented NGOs and charitable foundations.
- More marketing
- Build the first DEX on Ethereum that would be free of any fees. It would also be free to use at that point, or at the very least, cheaper than any other DEX since you get refunded in Cates each time you interact with the contract.
- We'll see later for what's next
We also though about revamping our visual identity, as going full-on meme can actually hurt us in the mid-to-long term.
We first thought it would be a good idea, since memes can spread fast, but in the end, maybe we went too far.
We're on a short schedule !
- Find a way to keep our pool up and running so that mining can be accessible for anyone. This really is our main concern.
- Release a whitepaper explaining all the inner workings of 0xCATE, and its consequences on the Transaction Market.
- Apply to more exchanges, keep spreading the word about our community
- Contact NGOs and charitable foundations (e.g. research Against Cancer, Doctors without borders, etc), and ask them to create an Ether Address so that we can actually make the Donation feature useful. Cate is also about donating for a better world.
- Keep building a community from that
- Release our first product (that would be a quite simple game), that would distribute all the earning to the aforemented NGOs and charitable foundations.
- More marketing
- Build the first DEX on Ethereum that would be free of any fees. It would also be free to use at that point, or at the very least, cheaper than any other DEX since you get refunded in Cates each time you interact with the contract.
- We'll see later for what's next
We also though about revamping our visual identity, as going full-on meme can actually hurt us in the mid-to-long term.
We first thought it would be a good idea, since memes can spread fast, but in the end, maybe we went too far.
We're on a short schedule !
Hi. I launched a new ERC20 Token , that is also a Mineable token (100% Proof of Work).
Main Thread : https://bitcointalk.org/index.php?topic=3539559
https://www.catether.org/
Discord : https://discordapp.com/invite/XBRaEcW
Telegram Supurr'-group : https://t.me/joinchat/G0Ya5ErA1rGcFaDFbtcBJA
Discord : https://discordapp.com/invite/XBRaEcW
Telegram Supurr'-group : https://t.me/joinchat/G0Ya5ErA1rGcFaDFbtcBJA
An ERC20 token that is mined using PoW through a SmartContract and transactions
No ICO
150,000,000,000 tokens after 18 months
Difficulty target auto-adjusts with PoW hashrate at every block
Rewards decrease as more tokens are minted
Compatible with all services that support ERC20 tokens
How does it work?
Typically, ERC20 tokens will grant all tokens to the owner or will have an ICO and demand that large amounts of Ether be sent to the owner. Instead of granting tokens to the 'contract owner', Catether needs to be "mined" witch a computer, which is very unusual for tokens. Also, each time you call a "transfer" function (each time you transact Cates), it will mint 1 token, want will evenly share it between the sender and another address that the sender choose. It's a sort of "Proof of Use": when you use the Token, you're rewarded.
Since you earn tokens by making transfers with it, you don't loose as much value in transfer fees: they are now partly refunded with Cates. To a certain extent, it can even be profitable to make Cate transactions at a very low cost. There is a correspondence between Cates and gas, actually: each transfers costs around 50 000 gas, and you get awarded with 1 cate. So, 20 transactions is worth 1 million gas, which is also worth 20 Cates.
How does it affect coin supply ?
The coin supply is designed to reach 150 billion tokens by December 2019. After that milestone, mining will generate an additional 4.5 billion per year, and transactions will start to have a real impact on the token supply : Let's say that, by that time, there are 1 Cate transactions per second => 31.5 additional Cates will be generated, and distributed following each and every user's desires. So, 1 transaction per second equals to roughly +0.66% inflation from the standard inflation rate (which is around 2.5% per year, during the first years, and it decreases over time). However, let's imagine not 1tx/s, but rather 1'000tx/s : then, Cates will deflate 6.6 times faster than with PoW alone. 10'000 tx/s ? 66 times faster.
Where this madness will ever stop ?
It will stop in a timely manner, I promise.
If you do the maths, as long as the number of transactions grows no more than 25% per year, the inflation rate will converge towards 0 over time. And since +25% is an unsustainable rate of growth for the number of transactions on a single medium, we shouldn't cross that barrier.
There is (currently) a physical limit to the number of transactions per second, anyway. Currently, this limit is close to 10tx/seconds. As Ethereum scale, so will Cates.
No ICO
150,000,000,000 tokens after 18 months
Difficulty target auto-adjusts with PoW hashrate at every block
Rewards decrease as more tokens are minted
Compatible with all services that support ERC20 tokens
How does it work?
Typically, ERC20 tokens will grant all tokens to the owner or will have an ICO and demand that large amounts of Ether be sent to the owner. Instead of granting tokens to the 'contract owner', Catether needs to be "mined" witch a computer, which is very unusual for tokens. Also, each time you call a "transfer" function (each time you transact Cates), it will mint 1 token, want will evenly share it between the sender and another address that the sender choose. It's a sort of "Proof of Use": when you use the Token, you're rewarded.
Since you earn tokens by making transfers with it, you don't loose as much value in transfer fees: they are now partly refunded with Cates. To a certain extent, it can even be profitable to make Cate transactions at a very low cost. There is a correspondence between Cates and gas, actually: each transfers costs around 50 000 gas, and you get awarded with 1 cate. So, 20 transactions is worth 1 million gas, which is also worth 20 Cates.
How does it affect coin supply ?
The coin supply is designed to reach 150 billion tokens by December 2019. After that milestone, mining will generate an additional 4.5 billion per year, and transactions will start to have a real impact on the token supply : Let's say that, by that time, there are 1 Cate transactions per second => 31.5 additional Cates will be generated, and distributed following each and every user's desires. So, 1 transaction per second equals to roughly +0.66% inflation from the standard inflation rate (which is around 2.5% per year, during the first years, and it decreases over time). However, let's imagine not 1tx/s, but rather 1'000tx/s : then, Cates will deflate 6.6 times faster than with PoW alone. 10'000 tx/s ? 66 times faster.
Where this madness will ever stop ?
It will stop in a timely manner, I promise.
If you do the maths, as long as the number of transactions grows no more than 25% per year, the inflation rate will converge towards 0 over time. And since +25% is an unsustainable rate of growth for the number of transactions on a single medium, we shouldn't cross that barrier.
There is (currently) a physical limit to the number of transactions per second, anyway. Currently, this limit is close to 10tx/seconds. As Ethereum scale, so will Cates.
Re: [ANN][NO-ICO] 0xCATE - PROOF OF WORK ERC20 TOKEN - Refund your gas with CATES !
I think that the CATE gas refund improvement is a great feature, but I am disappointed that the coin has an unlimited supply and random coin reward. Yes, it's cats and it is silly from the beginning, but I think that the coin will have a hard time being worth even 1 satoshi. I am going to stick with 0xBitcoin, but good luck.
Random coin reward will be replaced by a fixed reward after the 60'000th block. We did this in honnor of Dogecoin, which is kind of our spiritual father !
Also, the fact that there's an unlimited supply don't have any kind of effect on the actual price.
It's a really big misconception that you'd just need to "lock" the coin supply in order to make it deflationary. You are forgetting about the fact that liquidity has to be taken into account to settle a price on a currency. Catether has been designed as a StableCoin, a coin that is pegged to something tangible.
Here, 0xCATE is pegged to the median GWei price of a transaction, so, pegged to the gas price, hence, the Ethereum network's state.
We're a meme, yes, but we're a serious one ! think Dogecoin (we're not related to them, though)
Re: [ANN][MINEABLE TOKEN] 0xCATE - ERC20 TOKEN, BUT WITH POW.
@lio78 @WhyMe
Unlike other kinds of cryptocurrencies, in order to mine tokens, you must send transactions, and they are quite expensive in gas. All in all, you'd need more than a few Ethers to run a pool for one month; and since we didn't do any ICO, nor our tokens have any price on any market yet, we're basically giving you this for free, at Catether Network's expenses
So, the pool fees are the only thing that could, maybe, reimburse us; we will reduce the fess drastically once it becomes profitable to own a pool; until then, this is our only security. You can still solo mine, though, however you will have to pay for the gas
You don't have to specify custom diff, vardiff is enabled automatically and adjust to your hashrate
Unlike other kinds of cryptocurrencies, in order to mine tokens, you must send transactions, and they are quite expensive in gas. All in all, you'd need more than a few Ethers to run a pool for one month; and since we didn't do any ICO, nor our tokens have any price on any market yet, we're basically giving you this for free, at Catether Network's expenses
So, the pool fees are the only thing that could, maybe, reimburse us; we will reduce the fess drastically once it becomes profitable to own a pool; until then, this is our only security. You can still solo mine, though, however you will have to pay for the gas
You don't have to specify custom diff, vardiff is enabled automatically and adjust to your hashrate
Re: [ANN][MINEABLE TOKEN][NO-ICO] 0xCATE - Catether, FREE transactions for everyone.
Over 100 on our Discord channel ! Join us, we don't bite :3
https://discord.gg/XBRaEcW
https://discord.gg/XBRaEcW