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.

Klimatas (KTS) Coin, the one that has been absorbed to Transcendence family, perhaps as part of operation Pac-man mentioned by Pascal in older Peertoro Article, is now having in their Discord channel an auction about 25 000 KTS.

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):

https://www.neckarsulm.de/bildung-soziales/kinder/kindertageseinrichtungen/kindertageseinrichtung-lessingstrasse

https://www.neckarsulm.de/bildung-soziales/kinder/kindertageseinrichtungen/kindertageseinrichtung-auf-der-breite

https://www.neckarsulm.de/bildung-soziales/kinder/kindertageseinrichtungen/kindertageseinrichtung-robert-koch-strasse

And in case you wish to make a donation to Kidz projects directly, you could use their Paypal address to do so:
https://paypal.com/pools/c/8GlEgc9nTM

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:

1. You Deposit 100 000 KTS to Bitdorado Turkey.

2. Coingecko shows that the price of 100 000 KTS is 700 Euros.

3. 3% from 700 Euros is 21 Euros.

4. Coingecko shows that with 21 Euros you can buy 1 000 Teloscoins.

5. You make a deposit of 1 000 Teloscoins to Bitdorado Turkey, and mark the Transaction ID as “Month of K”

On top of this, Pascal also talked that there will likely be Coin & Growth Pool opened for Klimatas (KTS) coin a couple of days later.

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!