Day: March 11, 2020

Bitcoin Subsidium (XBTX) fundamentals changing in the future.

On the 29th of Feb Pascal made one of his more informative messages that raises more questions than it gives answers.

This Announcement was regarding XBTX where he informed that XBTX is going to be changed from POW only coin to POS/MN/POW hybrid with 40/40/20 share accordingly.

And this is not all. Minimum staking amount required would be 100 000 XBTX and when it comes to nodes it was bit unclear that was the idea that there are regular nodes and elite nodes, or did he mean that there will only be those elite nodes, which he calls them elite nodes because they will require 1 Million XBTX to set up and there can only be 7 of them existing at all.

Considering that there is only around 2 Million XBTX existing yet, you can see that both staking and even more the node running will be possible for only a very few people and it might be worth starting to stack them coins already to yourself if you plan to get your hands on either one.

When will this change happen and take effect, was not told in this announcement, so more information expected in the future.

Bitdorado Exchange opens, sort of.

Bitdorado has taken its first steps into an exchange and you can now (as of since 27th of Feb) actually use it as an exchange.

After all this waiting, this might not satisfy you all as bitdorado exchange currently operates under Birake Exchange.

But do understand that Bitdorados idea is to be much more than an exchange, and actually that bitdorado is exchange at all is just a side-effect as Pascal said, that its intention is not in being yet another exchange, but exchange part just happens to be part of it all, so why not use it too.

Hence we now have bitdorado exchange that operates under Birake.

Nothing that special yet, but it is still nice having its own exchange for the Transcendence project.

From now on if you are thinking of buying or selling Telos coins, I would suggest using Bitdorado Exchange for it.

And do keep in mind, this is just the beginning yet.

Transcendence surprise AMA session test

One day Pascal started talking about having an AMA session to get all the questions answered there and having fewer questions in Discord.

Now AMA, for those of you who don’t know what it means, means “Ask Me Anything”. (See how smart and knowledgeable I looked saying that when I first googled it myself a moment ago).

Regarding this, he suddenly without any advance notice asked people to come to a surprise AMA session test to see if it works.

And then he talked close to two hours, after which we have been waiting for an announcement about when the actual AMA session will be.

While waiting for that to happen, you, however, can watch the test AMA session where he answered a lot of questions about many a thing regarding Transcendence and its products and plans.

Transcendence AMA session test from 25th of Feb: