Pascal has announced that there will be a 10 Million PARA airdrop at some point, which is to be given to the top 500 PARA owners.
It has not been mentioned when this Airdrop will happen, or how this 10 Million will be divided, but knowing Pascal, my guess is that this will be divided equally among the top 500 PARA owners, meaning that each will get 20 thousand PARA Tokens, which is a pretty nice amount, compare this with the current offer of exchanging 100 Telos to 1 Para Token, and 20 Thousand PARAs would equal 2 Million Teloscoins basically.
However, getting to this bounty is not just by owning PARA, but you have to do some things to be eligible, in addition to becoming one of the TOP 500 PARA owners.
Regarding points 1-3, and 5, if you don’t have accounts to these places from before, you need to create one. In other words, if you already have a Telegram account, Twitter account, Discord Account, and Bitcoin talk account, then these steps are very easy to do, otherwise have to go through the extra hassle to create yourself accounts for each place to be able to join telegram group etc.
Notice step number 4 here. This is otherwise easy to do, but keep in mind that you do need a small amount of BNB in your account to be able to get this step done. I can’t say the exact amount that you need, since the amount changes depending on the situation at the moment you are trying to do it, but basically, having 1 EUR/USD worth of BNB, you should be able to get this done, as long as you can wait to do it in cheaper time in case you happen to first try it at a more expensive time.
I have been very busy lately and hence several news items regarding the world of Transcendence/Telos have not been written. But now that an important offer is almost ending, although it might be extended with the same or different price, I am writing this guide for you people to be able to grab the offer.
I meant to write separate articles about this but didn’t get it done, so here is a brief version of Pascal’s new plans that he has been talking about.
The plan is to take a different approach from before. Before he threw whole loads of things out, and now he finally realized the same thing some of us have said to him long before, as in, how about concentrating on a bit fewer things? And that is basically what he is now doing.
Part of this new plan is that Telos is not dead, but he doesn’t plan on making updates to it currently. Telos will continue to be accepted as a payment option for services, but other than that, there are no plans for Telos currently, and might not be in the future either, unless someone wants to take Telos over.
XBTX on the other hand will be the coin of the future in current plans, although, right now nothing is happening to XBTX.
If you have been following Discord chats in the Telos world, you might have noticed there has been lots of trouble getting the Telos blockchain to sync properly and not fork away. No one knows which fork currently is the Telos fork. I suppose this is part of the reason for moving future development out of Telos.
To get a working blockchain is of course a must to be able to move coins/tokens properly around, and since fixing current blockchain issues are bit difficult in the current state where active users have dropped significantly low, Pascal is now taking a bit of a side step in hopes of fixing the situation by having created PARA Token to BNB-blockchain (BEP20).
The idea is that you can now Swap, or trade, or however you like to look at it, your Telos Coins and XBTX tokens to PARA Tokens.
However, this is only a temporary solution to get things moving again and being able to promote PARA tokens to new people, and some point in the future, when XBTX version 2 is ready, PARA Tokens will be swapped, traded, or however you like to look at it, back to XBTX.
So in a nutshell. You can now trade your XBTX and Telos coins into PARA Tokens, and in the future, you will be able to trade PARA Tokens into XBTX(2) again.
To make it clear. PARA Token is not a new coin that is going to replace XBTX and Teloscoin, it is currently only meant to be a temporary solution to existing problems, and when things are fixed and better again, things will move back to XBTX again. That is the plan.
NOW TO THE ACTUAL OFFER AND HOW TO GRAB IT.
Pascal made a public announcement on the 1st of August making an offer that he said is valid for 30 days, which is in practice probably to the end of this month, as in, ending 4 days later. He did however hint he might extend the offer time, but there is no guarantee it will be for the same price.
Offer is following:
You can trade following coins to get PARA Tokens:
1 PARA (XBTX token) –> 1 PARA (BEP20) Token
5 XBTX –> 1 PARA Token
100 TELOS –> 1 PARA Token
100 KTS –> 1 PARA Token
100 BIRAKE –> 1 PARA Token
100 LCG –> 1 PARA Token
2 SFD –> 1 PARA Token
1 AML –> 1 PARA Token
1 BAM –> 1 PARA Token
1 USDT –> 1 PARA Token
1 UNIPIG -> 100 000 PARA Token
INSTRUCTIONS ON HOW TO GRAB THIS OFFER
First you need to make BEP20 compatible wallet address for yourself, one option would be to use Metamask.io
NOTICE! When you make this address, do remember to copy its Privatekey somewhere to store it, because if you lose access to your wallet, you can use Privatekey to get your wallet back.
But do keep in mind that if someone else gets access to your private key, then he can do whatever he wants with your wallet.
After this is done, you still have to make your wallet to see your Para Tokens (If they are there, they are there regardless if you see them or not, so you could do this at a later point as well).
To start, You need to change the Network you are connected to:
First Click on “Network Selection”-button (RED 1) and you should see the above list of networks.
Choose “Add Network” (RED 2)
This should result in the following page:
Click on “Add“-button (Circled in RED in picture) beside “BNB Smart Chain (Previously Binance Smart Chain Mainnet)” (underlined in RED in picture)
This should result in the Approval page showing up:
Click “Approve” and you now have BNB Smart Chain as a Network option, but notice that you are not connected to it at this point yet. To connect:
Click again on “Change Network”-button like earlier (RED 1)
Choose the now available “BNB Smart Chain“-option from the list (RED 2)
And you are connected to BNB Smart Chain network. However, while you will now see your BNB coins, you still won’t see your PARA Tokens:
To fix this, click on “+ import Token”: (RED circled)
This will open the “Custom token“-page:
In the “Custom token”, you need to write to “Token contract address”, the following address: 0x8A5652EB940dD3832a8426FBe5afBB01b0f96a14
This is the contract address of PARA, which in other words is when PARA token was created, and through this Import Token is able to Import PARA to your wallet.
“Token symbol”-part is a free choice, but I would suggest using for example “PARA” for you yourself to recognize it.
Token decimal you can leave to 10 as it is.
click “Add custom token”, and you should see something like this:
And now, finally, click on “Import tokens”-button, and you are done:
Now that You are able to both see and receive your PARA Tokens from the deal to your just-created wallet address, let’s move on to making the actual Deal.
TO MAKE THE DEAL, YOU NEED TO FILL THE CONTRACT. You can download that contract from here:
This contract is mostly quite self-explanatory, however, couple of places to note:
First of all, don’t forget to put your wallet address where to receive your Para Tokens (RED 1), and notice that if you are exchanging more than one Coin into Para Tokens, it is enough that you put the wallet address just once to the first line.
“Destination address to send your coins to Papara International AG” (RED 2) I suppose you left it empty and wait for the contract to be sent back to you after it is accepted, however, do notice about next note.
“Source” (RED 3) is a bit trickier and requires a longer explanation because of BUTs regarding this.
Basically, it is quite simple. You tell where your coins are, for example, your Teloscoin wallet address, so that when you send them from that address to Pascal, he will then know those are coins from you, and that your part of the deal is done and he can start sending PARA Tokens to you.
BUT, it isn’t quite that simple. For as already mentioned earlier, people are not able to sync their wallets, and hence not able to send their coins either. Bitdorado is also having problems and currently coins are stuck there.
So while the idea basically is that you would send your coins to Pascal, and then Pascal would send PARA Tokens to you, due to this not being really possible, there are now some options on how to do this.
Bitdorado – You can take a screenshot of your current balance, and then add it as an attachment to the email in which you are sending the contract too. The idea with this is that Pascal accepts that you have for example 100k Teloscoins in your Bitdorado balance, and the deal is basically that as soon as it becomes possible to send those coins to Pascal, you will send them, and Pascal will trust that you will do so in a timely manner and give you your PARA Tokens already now.
Teloscoin Wallet – Since it is quite difficult currently to get your wallet to sync and without it forking, and therefore send the coins, you could alternatively, especially if you are exchanging all your coins in your wallet to PARA Tokens, send Pascal your Private Key instead.
Remember how I mentioned earlier when making Bep20 wallet about never giving your Private Key to anyone, This is exactly why, since by giving your Private Key to Pascal, he is able to fully control your wallet, and therefore that is one way to “send your coins” to Pascal, but remember, he gets access to your whole wallet, so I would suggest using this only if you are exchanging all your coins in your wallet to PARA Tokens.
Regarding Stuck Exchanges or Similar, I guess you could try if the same applies as to Bitdorado, maybe Pascal accepts the deal.
After you have filled and saved the contract, send it to the email address: dennis@papara.vision
and wait for the answer. As long as you send this contract with possibly the required attachments before month changes, I suppose you will get the deal, even if the answer would come much later.
Should I change my Coins to PARA Tokens?
I meant to have a longer, separate, article about this, but will now write just shortly.
Teloscoins are at their bottom, and since Pascal isn’t planning on working on it in the future, except for adding for payments, I would say switching to PARA is likely the better chance to get some value out of them. If you have lots of Teloscoins, like I do, then you could look at leaving some of them for yourself, depending on your plans. For example, Bitdorado Turkey is hosted by third parties, and at least so far they have not shown signs of stopping to use Teloscoins for their TIERS leveling, so if you are after the TIERS, then might be a good move to leave some for yourself. Also, you could leave maybe 100k coins left to be able to run a master node in the future, if things start going on again. Other than that, I would suggest changing your Teloscoins to PARA coins, but remember, this is just my opinion, not financial advice, and it is your own stupidity if you decide to do as I say.
There is also one more reason to do so. For Pascal has said there will be an airdrop of 10 million PARA coins to the top 500 users, of which how to claim this airdrop for yourself you can read more from this Telosnews.com article.
If these are evenly distributed, it could mean 20 thousand PARA Tokens per top 500 users, and with the current 100 to 1 offer, that would mean 2 Million Teloscoins. So even if you are planning on hanging to Teloscoins, it might still be worth changing them to PARA Tokens at this point, and after airdrop, back to Teloscoins, to get significantly more Teloscoins possibly, which of course depends upon how the price of PARA Token and Teloscoin develops. Anyway, Pascal has said he is planning on adding an automated system of being able to swap between PARA-XBTX/Teloscoin, so should be doable.
Regarding the chances of being one of the top 500 users. Well, right now there is one bit higher paying bounty which gives you 1000 PARA Tokens, but it is difficult, you need to have 100 followers on twitter to do it, which most won’t. Other bounties are giving only 50 PARA Tokens, although some can be done more than once.
So basically getting past 50 PARA Tokens might be enough already, and especially if you get past 1000, I think even if more people join, and no more high-paying Bounties come, then I guess that is quite a guarantee to get to the top 500 Users and receive the Airdrop. Now 1000 PARA Tokens can be obtained by having 100k Teloscoins. Would say that if you have at least 20k Teloscoins, then at least now it would look like you would quite likely be getting to the top 500 users for the airdrop, unless things change in the middle.
What comes to XBTX, this one is a bit trickier, since PARA Tokens will eventually be exchanged back to XBTX Coins if the plan goes as I have currently understood it, so it could happen that one or the other is more expensive. So one way would be to switch half of your XBTX to PARA tokens to guarantee getting to the top 500 users (supposing you have a good amount) and that way split the risk of price development favoring one or the other greatly.
PARA (XBTX) is obvious to change into PARA Tokens (Bep20), since these are essentially the same thing, but PARA (XBTX) to my understanding will disappear now in favor of PARA Token (Bep20)
It is unknown if nothing is going to happen with KTS, so could consider exchanging them all to make sure at least something happens.
AML seems to be buried too based upon Pascal’s last talks about it, if I understood right. BAM and LCG I don’t know enough to comment.
BIR is owned by a third party, so I have no clue what their plans are nor if it would be wise to exchange or keep them.
SFD I don’t even know what it is, and USDT is USDT, If you wish to use them to buy some PARA, you can, but it isn’t like USDT wouldn’t be useful in the future too.
As a last thing, Discord username Micke pointed me out that if you exchange to PARA Tokens with the idea of getting your share from the airdrop, you should also prepare a small amount of BNB to your wallet to be able to get this airdrop. And after checking a bit more, there are other things you need to do as well to be eligible for the PARA Token airdrop, which you can find in this small Telosnews.com article detailing them better.
edit 2023-08-29: Original instructions to see your PARA Tokens weren’t enough to see them yet, it was missing the part about changing your Network to BNB Smart Chain network in metamask, article now updated to include that part too.
As official Telos Explorer is currently not working, it is good that Discord username GünterFaltin announced the availability of unofficial Teloscoin Explorer available at the following URL:
This actually happened already two weeks ago, but after Pascal had announced and I went to check myself to Bitdorado, indeed, the number of my PARAs had boomed!
So finally those mysterious PARAs that you got by minting against TELOS and some other coin have become more, and a whole lot more too, they about multiplied by eight!
And APY (Annual Profit Yield) is still shown to be close to a thousand percent even now, so those first minted PARAs, and even now minted PARAs, are likely going to become quite much more still, despite the APY percent going down fast.
Now, let’s trust the price will be high too in the future.
First the bad news, your each TELOS in addition becoming also one PARA is no more.
Right when, not so long ago, we were happily celebrating our bunch of PARAs coming with the coming of PARA Explorer, it is no more, but the plan has changed.
See why I tend to categorize these as rumor articles since you never know when everything changes until they really are there, which I actually pretty much thought they were with the existence of Explorer, but seems you can’t trust even that yet.
This turn of events was a bit unfortunate. All this time I told people I knew to stick to TELOS since they are about to receive PARAs in addition to their TELOS, but now in a sudden turn in one short announcement, this changed.
Now the good news however is, that you can still get PARAs, and you still need TELOS to get them.
In addition, it is likely that PARAs are going to be making quite a nice Profit Yield, especially now that some of the original plans that bit worried me are gone and replaced with new ones, or at least looks like it, for I am not sure at all what is the plan with PARAs exactly currently, hence also the status of rumor article for this one too, since what I am about to tell you, is very much a guess game, and either might be wrong or could change by tomorrow.
So how to get these precious PARAs?
Well, first of all, you need an account in Bitdorado, for that is the only place where you can currently mint PARAs.
When you have an account in Bitdorado, you also need TELOS, and some other coin, and they both need to be in Coin & Growth pools.
The system is that you pick how many Euros worth of PARAs you want, and each PARA is one EURO. So you could for example pick 10 EUROs worth of TELOS and 10 EUROs worth of XBTX, and it would result in 20 EUROs worth of PARAs, which is 20 PARAs.
And these TELOS and XBTX would then be reduced from your Coin & Growth pools.
Now do notice it is 10 EUROs worth of TELOS and XBTX, which means with the current market price around 2000 XBTX and about the same amount of TELOS, just to get 10 PARA coins, so with the current low price of XBTX, it really is not worth it to use XBTX, but to rather use some other coin to pair with TELOS. It is always TELOS and some other coin of the same EUR amount, so you can’t avoid using your TELOS for them.
However, that isn’t necessarily that bad, for this is very much a guess from me, but if I understood right, PARAs value at least partially is dependent upon the value of the coins you use to mint them. That they might be somehow attached to them.
So while TELOS might be a bit low, when in the future TELOS however goes higher, so will PARAs value too, so you might not lose any TELOS value by changing them to PARAs, since PARAs value might be attached to TELOS value to quite a high extent.
Now, what else determines PARAs value, or to what is it even used for, I have no clue. I have completely missed that part of the information and I don’t seem to be only one feeling somewhat confused about what PARA is and other things related to it, but seems like everyone else is minting their PARAs same way as I am, with the point that it is coming from Pascal, so its probably worth getting some at beginning to yield the best profits, although, that reminds me, Pascals original pricing for TELOS was 7 Euro cents…
But, when it comes to PARA, there is a high yield. How much profit it yields depends upon how many coins there are. More coins, less profit. How exactly does that work, your guess is as good as mine.
I just know that when I first time checked that PARA staking page in Bitdorado, it showed over 85 000 percent profit yield per year, and now in a very short time (due to minting) it has already dropped to 10 000 percent APY, and will expectedly drop still much more, but I do guess it will even eventually make a quite nice profit even it will still, of course, drop huge amounts from the current one.
However, do notice there is a bit of a trick here in this APY, for it can easily fool you to look like much higher than it is. Or, it is what it is in APY, but monthly APY is totally different thing. For by quick look I was myself too looking that wow, I will 100 x my PARAs in just one month, but actually, Bitdorado calculates APY based upon Cumulative interest. And when you look it through Cumulative interest, the higher the monthly profit, the multiplicatively higher the APY.
So for example, lets take 100 percent profit a month (that is double the amount each month), when we look this cumulatively, we notice it goes: 100, 200, 400, 800, 1 600, 3 200, 6 400, 12 800, 25 600, 51 200, 102 400, 204 800.
By other words, if you have 100 percent yield per month, then the APY (Annual Profit Yield) is 204 800 percent, which is more than at beginning mentioned 85 000 APY.
From this you can notice, that your money wont be multiplied by 100, or even by 10 in just one month, but actually, it is going to be less than doubled.
However, even with the 10 000 APY, we are still talking of a monthly number of close to 50 percent, so not so bad. And Actually, even with 1 000 APY, we would still be talking of a number of close to 25 percent monthly interest, which still isn’t bad at all, add to this the potential value rise of PARA, and you might actually get your 10 x multiplication or something in somewhat a short time, Could be, still during this year.
Wanna get to the next newest profit yielding thing? PARA is probably the way to go.
New Dashboard version for the public was finally released and it can be downloaded from Github link.
There are a couple of changes in this version, one of the major, although not so visible to a common user is that all the tx databases are now being converted into SQLite databases. This in short means that things should work better, as in faster and more stable.
There is also one peak into the future feature in this since in this version there is now in the menu an option called “Oldtimers NFT”. While it is in the menu, and you can go and check about it, it is, however, not for real there yet.
I guess partially for the needs of this OldTimers NFT option, there is now also some messaging systems in dashboard.
There is an announcement system so that Transcendence can send messages, for example, to inform about new Dashboard version releases. And there is also some private messaging system. I suppose this is to make it easier to ask about some specific NFT cards between potential buyer and a seller as an example.
XBTX Miner is another new option in Dashboard Menus, but nothing has been told about it, and when clicking, it is talking about Linux, so this is probably meant only for, maybe Bluebox 2 owners or something, and might not have any use for a common user in a wrong computer environment.
Quite much new stuff basically, although still looks like very much in a beginning, but this is a huge step forward in seeing Pascal’s vision about what he is after with the Dashboard, and with less imagination than last time, you can see how this can become a pretty useful all-in-one app for crypto users.
Annual Telos halving has happened for this year 2022 and now new Teloscoins per block have dropped from 17.5 to 8.75 only.
Halving actually happened already 2 days ago, but I waited to make sure it really did since basically Halving shouldn’t happen until June/July. However, since Halving is not based on time, but on block number, it isn’t an exact science, and while the intention has been to have halving happen once a year, blocks might form faster or slower than intended, and in Teloscoin’s case it seems to be happening about 10 percent faster than intended, since last year the halving happened, if I recall right, around June instead of July, and this year instead of basically expected June, it now happened at May.
I guess that next year we can expect halving to happen around the change of March and April.
Polispay has announced in their twitter that Polispay app project, which to my understanding means the whole Polispay, will be shut down.
Why is this done is not told in the tweet, maybe due to legal requirements. After all, this is why Pascal has been working so much to meet those legal requirements in advance to make sure we don’t need to read similar news about Telos projects one day, for it has been for a long time already Pascals anticipation that we will be hearing more news like this in the future from other projects too.
Anyway, if you are using Polispay wallet to store your Telos or XBTX, it is time to transfer them somewhere elsewhere. You have until the 15th of February to transfer them out, or you will lose access to these coins for good.
A fair reminder of what I have been telling to people that there is always a risk when keeping your coins on any third-party provider, like Polispay, or crypto exchanges.
You can auction until the 21st day, that is the day after tomorrow, a SAT price per coin that you are going to be paying from each KTS in that 25 000 pot, and whatever price you are paying from them, will be given to Kidz charity.
So this could be your chance of getting some cheap KTS, if the price stays below the market price, at the time of writing this the highest bid is 15 SAT, which, depending on how you look at it, is below the market price. After all, I have had a buy offer in Birake for 22 SAT for some time now already and no one is selling for that price.
Or this could also be your chance of making a nice donation to Kidz charity while at the same time getting some KTS for yourself. You could simply overpay the market price and Kidz charity would be happy and moving to the Bahamas.
If this timing doesn’t seem to work for you, don’t worry, it seems like they are planning on having more auctions in the future. For if I understood right, this is some sort of Klimatas own thing where they are getting some certain amount of KTS each month and they have chosen to at least for now to auction that amount each month to the highest bidder.
Edit:
By suggestion of discord username Tybiboune, I am adding here some of the Kindergartens that have already received some Funds (10 500 Euros in total in 2021):
Just like with Month of B told in a previous news item about Bitdorado Turkey, Pascal now announced at Klimatas Discord channel that there is now Month of K going on in Bitdorado Turkey until the end of the month, meaning that depositing any coin to Bitdorado Turkey which name starts with K, will give you 3 percent extra in Teloscoins.
As far as I checked, only coin starting with K in Bitdorado Turkey currently is Klimatas (KTS) coin.
And it is a similar system like last time, to give an example:
Notice that I have categorized this article as a rumour, this is due to Pascal often changing his mind very fast, and I guess Paracoin details are not really set to stone. So basically this is official how it is going to be but prepare for a change of mind still.
During his holiday that he originally announced of having started from about 14th of December until the end of the year, on last day of last year he gave an announcement regarding Para coin.
In announcement he said that paracoin will come in two weeks time, that be roughly no later than the 14th of January. Notice that this is probably different from “two weeks later” which can mean any time between now and the second coming of Christ.
Master node collaterals for paracoin would be 100, 300, 1000, 3000, 10 000, making it very much affordable for most people supposing coins price be around the same as Teloscoin currently is.
He is also hinting in his announcement that Bluebox Telos master nodes might be replaced with Paracoin master nodes since Telos master nodes are about to be history after Telos changes to full POS coin, which in my guess will happen soon after the Paracoin fork is done first. This order of first Paracoin fork, then Teloscoin full POS fork, would be due to practical reasons I guess.
Each Paracoin Block would yield 1000 new coins until the first halving happens around July 22, and there will be a superblock of 300 000 para coins once every 30 days for the lucky one who gets it. Will halving also affect the size of the superblock is not told.
It is not said how often new blocks come, but I suppose it would be the same as Teloscoin – once per minute, in which case the amount of Paracoins would practically more than double by the time of halving, and halving taken into consideration, amount of Paracoins would about triple by the end of the first year.
If this halving continues the same way the next year, then at the end of the second year there will only be roughly 35 percent more coins compared to the end of the first year. So the first year is the time of high inflation and time to grab them coins as much as you can, while the second year will be much more stable already compared to the first one.
As a final reminder, I repeat the same as in the previous news item about Paracoin: You can already buy Paracoins by buying Teloscoins since Paracoin is going to be a fork of a Teloscoin. This means that as many Teloscoins you have at that moment, you will also have Paracoins the same amount.
As an example, if you have 100K Teloscoins at the moment of the fork, then after the fork you will have 100k Teloscoins, and 100K Paracoins.
And to clarify just in case; Teloscoin is not going anywhere, both Teloscoin and Paracoin will exist at the same time, hence having Teloscoins at the time of the fork will only be good for you since you will have both Teloscoins and Paracoins.
In addition, after the previous article, Pascal has confirmed that Bitdorado Turkey will support Paracoin fork. Rest of the place’s situation is the same as told in the previous article.
So go and buy those Teloscoins now already to get some Paracoins in addition to your Teloscoins and lift the Teloscoins price up!
Pascal has announced that Para (PAPARA) coin is about to come to the Transcendence ecosystem. When exactly, well, he said that due to taxation reasons, after year changes, which doesn’t necessarily mean exactly First of January but I would guess during the first days of the next year at least.
I haven’t quite got yet what this coin is about, I can only say that Pascal has mentioned that this coin is meant to be open for everyone, so maybe it is going to be taking part of the place that Teloscoin have originally meant to have as everyone’s coin.
While Para coin is not coming until next year, you can however sort of buy them already, for Pascal has announced that Para coin will be done by forking Teloscoin, which means that at the moment the fork is done, you will have the exact same amount of Paracoins, as you have Teloscoins.
For those who don’t know how this works, as a simple example, if you have 10 Teloscoins at the point the fork is done, you will at that point have 10 Teloscoins AND 10 Paracoins, both continue to exist and nothing is going to happen to Teloscoin but it continues to live like usual, you are just getting some more coins in addition to your Teloscoins as you will also get some Paracoins.
To put it slightly more technically, the idea with Forking is that you could say there is going to be made an exact copy of the Blockchain, and then these both blockchains, the original and the copy, keep living on independent from each other, only sharing the same blockchain up to the point when the fork was done. This is also why Teloscoin owners will get those Para coins to themselves since in practice the Teloscoins in the blockchain copy will be renamed as Para coins.
Now how do you then get these para coins to use in practice?
I have to say, this is something I am not exactly sure about. I suppose that if you have your Teloscoins in your regular wallet, like QT-wallet or Dashboard, then you simply need to have a copy of your “wallet.dat”-file (remember that Teloscoin has named that file different) and use it with the Para coin wallet when it comes. That is my guess at least.
But it is more tricky if you have your coins somewhere else than on one of the regular wallets, for then it depends if that place, for example, an exchange, supports this.
I remember when Bitcoin Cash fork was done from BTC, I had some BTC in Bitstamp Exchange, and they didn’t support BCH at that point, so there was no way for me to get my BCH. However, maybe a year later they decided to support BCH after all, and suddenly there appeared some BCH to my Bitstamp account, the exact amount of BCH that I had BTC in my Bitstamp account at the time the fork was done.
Pascal said today that Bitdorado App will support the Para coin, which based upon the whole context seems to mean that as long as you have Teloscoins in Bitdorado Turkey, you will also get the Para coins that belong to you.
He also mentioned that it is likely that Birake, Graviex, and SouthXchange exchanges would list Para coin in the future, but listing a coin is different from supporting getting those Para coins from your existing Telos coins at those exchanges at the time of the fork. So there is no guarantee you will get any Para coins from your Telos coins that exist in any of those exchanges, and actually, Pascal even mentioned that he thinks that when it comes to Birake, that due to the DEX nature of that exchange, it might be technically very difficult to make it so that you would get your Para coins from the fork.
Hence if you really don’t want to keep your coins in your wallet, and Bitdorado Turkey is not an option for you, I would guess that Graviex and SouthXchange would be your best bets on getting your Para coins from your Telos coins that you have at the time of the fork.
However, do keep in mind that everything said here can still change, for it is not unusual for Pascal to change his mind on a whim and none of these things are set in stone yet in any way, which is also why I marked one of the categories of this article to be a “rumour”.
There is already a Discord channel opened to Para coin, which you can join by clicking this link:
You might have noticed that one of the Pools in Bitdorado Turkey is Klimatas (KTS) coin.
Well, about two weeks ago this Coin has been taken over by Transcendence, or, to be more precise, by Pascal and BitCoin_Bond_007, meaning in practice it will be part of Transcendence now, although technically perhaps not exactly.
Original Klimatas coin, as the name already suggested, had to do with environmental values, mainly focusing on sustainable development, and concretely they for example had this idea about a Cryptoforest, which meant that through blockchain technology, you were able to plant real trees.
Drawing connections between dots, their whitepaper mentioning it took a year for them to get EU regulations done and their final message to their community after the change in leadership, it gives me a picture that Pascal’s way of preparing for all the future EU regulations first as a foundation have been the right choice since seems like trying to figure out how to get those regulations in place in practice was what pretty much killed Klimatas old leadership. that instead of being able to focus on getting more trees to the world, they had to focus on how to get those regulations in place for those things you make from trees that tend to make people happy when they get and use them.
New Klimatas will likely change its focus a bit. It will still be a do-good coin, but instead of focusing on planting new trees and stuff, Klimatas will likely take its focus more towards kids and young people, this according to a discussion I had with BitCoin_Bond_007.
The integration to the Transcendence world has basically already started even before the takeover since as mentioned at beginning of this news item, you have been able to join Klimatas Pool through Bitdorado Turkey for some time already.
In addition, after Telos upcoming change to full POS, blueboxes won’t be able to run Telos master nodes anymore, since there won’t be any master nodes in Telos anymore, instead, blueboxes are planned to start running Klimatas master nodes. Hence, if you own one of the blueboxes, you are already without doing anything getting yourself involved with Klimatas coin.
And Klimatas (KTS) coin will also be accepted as a payment option when buying a bluebox.
According to BitCoin_Bond_007, There are plans to integrate KTS in the future for even more to the Transcendence ecosystem, but right now this is where it starts from.
Quake Andy might not have been promoting Telos and XBTX lately anymore, but when he did, he was likely the most effort-taking community member at doing that. And once again we have another proof that his work wasn’t in vain for even after almost 2 years, things he did are still bearing fruit as shown by this news item.
Yesterday I received an email I had no recalling what it was that said “A post you voted on, Bitcoin Subsidium (XBTX), has been marked as Complete”. Clicking the link took me to an old thread from almost 2 years ago which was requesting to list XBTX to some place I had no recalling of where nor recalling having voted on this in the first place, except there read this “Delta” there. I am pretty sure Quake Andy posted to Discord forum a link about this and asked people to vote, and I just went to vote and didn’t really pay much attention to it even.
After a bit of searching I finally found out that this was a request to list XBTX to Delta Investment Tracker App, and it had now finally been completed, which I suppose means that they have just now added XBTX to the App.
Trying out the App a bit I found out that this is a pretty good app. You can keep following the prices of not only loads of Cryptos, including Telos and XBTX, but also stocks, currencies, futures, and a couple of other things, and also get notifications about them.
You can also pick some of them as your favorites and see the prices of them all on the same screen, and you can also mix these with several of the different kinds of investments. Like you could favorite all the cryptos and stocks you own, and then simply see all those prices on one screen:
There is also the possibility to add a portfolio, and this can be as easy as adding your wallet there, however, it boldly says “we support over 10 cryptocurrency wallets” so I doubt there be Telos or XBTX wallets there. Similarly on exchanges they tell they support over 20 exchanges. But, you can also manually add transactions and there it seems to accept Telos as well as XBTX, so although I didn’t try concretely adding any, there don’t seem to be any reason to think it wouldn’t.
There is also a tab to check news feed, which I suppose are tailored a bit based upon which coins and other stuff you favor, so basically, if you favor Telos and there comes some Telos-related news feed to them, they will add it to your news feed tab. What a terrible oversight it is therefore from them then that I didn’t see a single TELOSNEWS.COM news item there!
To put it short, this is an all-in-one App to keep eye on your Crypto/Stock/Other investments, and by the quick look that I took about it, it does look like it is a pretty good one at it, good enough that I might keep using it.
If you are wanting to have App where you can follow all your investments effortlessly, this does seem like it is well worth the look. And especially if you take the extra effort of adding your portfolio, it looks a lot like you might not really need much else besides this one.
Thank you again Quake Andy from another valuable addition to XBTX, we wouldn’t have this excellent App without you!
The article tells about some technical stuff in Transcendence/Telos land, like Dashboard and AML-Now, but the main focus is on telling about Telos R and related things.
While the news item doesn’t really tell much more about Telos R than you can already see from the article I wrote about it earlier, There is however one specific mention there. For it mentions that Telos R swap rate is 2 000 000 : 1, while earlier it has been said that swap rate between Telos R and Telos would be 1:1, this is a change in plan that Pascal confirmed in Discord after this was asked.
While this news item can be a good reminder of what the main focuses in Telos land are right now, what really caught my eye, and which might be the most interesting part of the whole article, is the contact details.
For in these contact details there is under this “Media Contact”-part mention of “PR”, and this PR contact detail is “Cryptoshib.com“.
I asked on the latest Freaky Friday live session from Pascal about this, and he did confirm that this PR firm is in sort of try out for Telos PR right now and I hope to write another article to introduce you to Cryptoshib and tell more about it as long as Cryptoshib answers my questions. But just to mention that one interesting thing about this Cryptoshib is that Pascal thinks it is possible this Cryptoshib owner might own some Telos coins already from 2018, which is pretty much from the beginning times of Telos.
It appears we have a new roadmap for this year ready based upon that Pascal tweeted it, well, actually not so new since this was tweeted already a month ago.
It appears to be very similar in style to the previous Roadmap for 2020 in that it tells only about some technical things and mainly leaves all the fun stuff out, like Cryptomages. But then again, Cryptomages didn’t come out in 2020, so maybe it was for accuracy.
When reading this roadmap, it is good to compare it to the previous one to have some idea how well these plans will come together. I would say, without actually thoroughly checking it, that about half of what was in roadmap 2020, did happen, and then another 1/4th happened in some different form than originally planned, and another 1/4th didn’t happen. So perhaps this is what we can expect from this one too.
But what is there now:
TELOS WALLET isn’t really telling us much anything. It mentions there are going to be two votings, one about Telos fundamentals (rewards, collateral, split) and another about a hard fork, which actually sounds pretty much the same as the first one, except that it adds voting about magnet links, which seems to be connected to the third thing mentioned, which is to add Transcendence Cloud to wallet I suppose, although the wording is just talking about adding magnet links to use in Transcendence Cloud (which it says will be voted on hard fork part?)
In short. Seems the plan from technical stuff is to add Transcendence Cloud (used to be Amicloud) to Wallet and add a Magnetic link feature to be able to use it with the blockchain. And non technically to have votes about telos fundamentals, which will probably happen through Dashboard actually, although they technically are Wallet features.
XBTX WALLET section mentions only DYNANET being added, more about that in the DYNANET DEX part.
XBTX ASSETS section mentions a couple of Assets that are planned to be created using the XBTX Asset creation system:
AML token is for the AML-Now KYC system BAM (Brick And Mortar) is meant for real estate stuff EUREX is to my understanding Euro Bound token, meaning the price of one Eurex should always be exactly one Euro CO2 token is meant for Greenbox (a different version of a Bluebox).
DYNANET DEX tells in more detail about the DYNANET that is mentioned in the XBTX Wallet part. It is planned that next month first trusted nodes will be put up for this Dynanet DEX, and I suppose these are the same trusted nodes that I have mentioned in “Telos R – What is it?”-article, which also tells you more about the part where it mentions Telos R as one of the roadmap features in DYNANET.
It also mentions that DYNANET will have Crosschain feature that will be used by bitdorado, probably meaning that Bitdorado could be used as an exchange basically.
Swap & Merge part I leave uncommented, since I am too unsure what exactly it is talking about.
TRANSCENDENCE DASHBOARD tells about stuff that has actually partially been even done already (I saw the first work-in-progress version of this Roadmap already at February I think). It mentions built-in KYC, which might be the AML there already, or maybe something else, Built-in Masternode hosting, meaning you can easily set up master nodes without tech-how just using the dashboard, and hash power renting using the dashboard, which is basically the same as we have in Bitdorado already but would be doable directly from the dashboard.
Cloud I suppose is the same as Transcendence Cloud in the TELOS WALLET section, and Multiservice is just vaguely without details mentioning that there is a plan to merge Indiego, Cloud, and dashboard all into the same. That basically I suppose Indiego store would work through the dashboard. Last, CO2 token is mentioned again, as it was mentioned in XBTX ASSETS already once.
GENERAL UPDATES mentions built-in arbitrage trading, does it mean that users can do it automatically or something else, is not told. Tax reporting is mentioned, and have also to at least some part even added to the dashboard already, I myself used it for end of year tax reporting already. And then there is mention of antifraud on the on-chain analysis level. I am not sure how exactly that works, but I guess this vague description gives already quite a good idea of the general idea.
This is the plan, and hopefully it works out fully and more stuff comes too. Based upon how the 2020 roadmap happened, I suppose we can expect quite many of these to become reality and some more stuff too that are not mentioned here at all.
Well, sometimes news don’t travel so fast. Yesterday I was still planning on writing about how Coinopsy had listed Teloscoin to their “dead coins”- list, and now they already removed it from there.
Unfortunately this all happened at the wrong time since I was on a trip and I didn’t get to get even any screenshots about Teloscoin being on the dead coins list to show here.
Anyway, Coinopsy is a place that has started listing dead coins. Naturally actually finding out which coins are dead is very resource-taking, which I doubt they have, and hence they have this form where people can report about dead coins.
And while I have no actual knowledge, I suspect this is how Teloscoin ended there too, probably form filled by some certain group of people, and then Coinopsy happily listed Teloscoin as a dead coin, If I recall right, under “Scam or Other Issues”-category, which probably means that it was claimed to be a scam, pointing suspicion even more towards this before mentioned group of people who been shouting this scam accusation for a long time already.
However, it seems Coinopsy is interested in actually keeping their list accurate, and after being contacted about Teloscoin, they did remove it from the dead coins list.
