Hi guys, A friend, who's miner, talked about Kiiro with me. I also decided to watch about the supply, how tokens are made, etc..
The answer is:
DON'T MINE THIS SCAM.
First bloc was the 20th (july), at 7:27 am. After 167 blocs, 1002 tokens were created; which means 1 node, in like 10 minutes. After 331 blocs, 2004 tokens; 2 nodes, in like 17 min. Etc..
The emission is easy to calculate if only one guy mined; which is the case 'cause this bitcointalk post was done the 20th at 06:54 pm whereas the first bloc had been mined at 07:27 am.
You'll easily understand that the first guy who had the info that the coin was created mined at the begining, won lots of tokens and is ponzi-ing the creation of nodes; which is enabling him to ponzi again the node system and is winning 60% of the supply at each bloc.
There are, atm, like 270 nodes on the network. I'm absolutely SURE that the creator (who posted this bitcointalk message a few hours after the first bloc was "pre-mined") is ponzi-ing nodes. He's like 50 nodes It's also a SCAM.
Either you buy a node now, and hope you gonna survive 1 week to win a percentage of 60% x 30 = 18 tokens (which means a percentage of 72 USDT per bloc), either STOP MINING THAT SCAM.
This coin was launched on public mining pool https://crimsonfusion.org/. It was added their before on 12th July we did some tests and finally the chain was restarted on 20th July. Thanks for showing your concerns if their is anything else you want to know I will be happy to answer.
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BoardAnnouncements (Altcoins)
Re: [ANN] [KIIRO] Kiirocoin - A secure & untraceable blockchain with AI applications
IMO this will die quite fast and let me tell you why:
1. Unsustainable economics: - 60% for node operators - good deal for the short term, people will jump into kiiro just to run a node. Once the ROI is higher then the nodes will stop and start dumping the coin. To whom? What's the utility of the coin? - team has a "community" funds, they keep selling coins everyday to collect $ for development. Sure, that's legit but they collected ~20k and nothing has been done. They are keep saying that Shared nodes are under development.
2. No usability: - The sole purpose of the coin is (imo) to be a ponzi for those that want to run a node. - 51% attack resistant & privacy - nothing new here, just a fork with some different configurations
3. Shady approach: - Their core members and owners are writing like 14 y/o. - They lack professionalism. They are giving unbacked replies, empty words. - their whitepaper is copy pasta from 3 other coins (all dead) Avian Network and Arsa - I wouldn't be surprised that the "team" is the same
4. Low social presence: - Barely a few tweets, no announcements (beside them selling the coins for "development") - They said they applied for CMC but not Coingecko - we shall see if they are getting listed - No updates on discord. A few messages here and there but that's all. When people are asking legit questions their answers are :"it is normal to have copy paste whitepaper", "you are fudding", "this is not your concern" etc
Maybe I'am wrong but these are quite consistent red flags. Wish you all good luck
I respect your opinion at least you invested your valuable time to study. We are testing shared nodes platform and it will be out soon we are trying best to finish it and launch asap but things take time. We have also finished 90% development for android wallet too and now started working on IOS. Update regarding all these will be shared is discord so everybody can see it. The funds we collected so far will be all utilised for sure it’s not going to sit there in wallet forever. About economics it’s nothing new that we are trying to do it’s been successful for few projects I have seen I personally don’t see a problem there but everyone have different opinions of course.
I agree the social presence is bit low and we lack some good marketing also but don’t worry I can assure you that will be improved and we are in touch with some good crypto communities and YouTube channel if everything went well an interview will be soon out where we openly talk about our approach and future plans.
Have a good day
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BoardServices
Topic OP
Looking for Developer for Mining Pool
by
kiiro_man
on 31/07/2023, 02:03:08 UTC
Hello 👋
I am looking for a developer who can do both backend and front end for the mining pool.
I want it to be customized as per my choice. So if you think you are the right guy for the job you can either leave your contact details below or contact me.
Telegram: @SirAkka007
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BoardAnnouncements (Altcoins)
Re: [ANN] [KIIRO] Kiirocoin - A secure & untraceable blockchain with AI applications
Looks good. So what is your plan for AI use of coin?
We are working on new website and it will be publish in this week with proper roadmap.
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BoardAnnouncements (Altcoins)
Re: [ANN] [KIIRO] Kiirocoin - A secure & untraceable blockchain with AI applications
by
kiiro_man
on 20/07/2023, 19:09:48 UTC
Reserved
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BoardAnnouncements (Altcoins)
Topic OP
[ANN] [KIIRO] Kiirocoin - A secure & untraceable blockchain with AI applications
by
kiiro_man
on 20/07/2023, 18:54:07 UTC
Peer-to-peer Privacy focused Blockchain
The main network of Kiirocoin is developed based on Firo. Kiiro is a cryptocurrency aimed at revolutionizing the community by rewarding members through a unique 60% Proof of Stake (PoS) and 20% Proof of Work (PoW) mechanism. Built as a fork of Dash, Firo, Raptoreum leverages the power of the Firopow algorithm and asset-creation capabilities to create a sustainable and versatile community ecosystem.
The vision of Kiiro Chain is to build an infinitely scalable distributed high-performance computing network and become the most important computing infrastructure in the era of AI+ metaverse.
What are we doing on bitcointalk?
Kiiro Blockchain is an open-source and community driven project, we encourage and seek contributions and innovative ideas to keep making Kiiro better and better by each passing day.
Quick Kiirocoin Facts:
- Kiiro is a next generation cryptographic currency. - It supports instant transactions and privacy using lelantus protocol. - ChainLocks Protects Against 51% Attacks - Kirro has no premine and was launched fairly and transparently - Total coin supply will most likely be near 30 million - Kiiro uses the KiiroPow (ex FiroPow) algorithm for mining which is Asic Resistant.
The Kiiro tokenomics model is designed to support a balanced and sustainable ecosystem by distributing rewards among smartnodes, Proof of Work (PoW) miners, and developers. The tokenomics model is as follows:
- 60% MasterNodes (PoS) - 20% Proof of Work (PoW) - 10% Coherence Fees - 10% Community Rewards
The masternodes mechanism will receive 60% of the rewards, incentivizing small and medium-sized businesses to participate in the Kiiro ecosystem and earn coins for their trading activities.
Website: (It will be updated in next 2-3 days we are working on it) https://kiirocoin.org/