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 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:

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:

https://explorer.1337.cx/

And he also made an unofficial Bitcoin Subsidium (XBTX) explorer which is available at:

https://xbtx.1337.cx/

Thank you very much GünterFaltin!

According to Goingecko, Bitcoin Subsidum (XBTX) hit yesterday an All-Time low price of 0.193638 EUR!

And it also hit a pretty low price compared to Teloscoin as well. I even saw a price of 0.25 TELOS for 1 XBTX!

That is even more amazing when you consider that basically, the Idea is that XBTX is like TELOS gold, meaning it is rarer, and Pascal’s original plan, which I guess it still is, is that one XBTX is basically supposed to be worth 100 TELOS.

Now if you happened to be the lucky bastard who got their XBTX for 0.25 TELOS, then you already made 5 times the profit, for right now the price is more than 1.25 TELOS per XBTX, which is still a dirt cheap ratio, but pretty nice profit in just one day, and in my opinion, you can be pretty sure that one day TELOS/XBTX ratio will be at least 10 TELOS for 1 XBTX, I have personally always counted for that.

Oh, and even if you bought your XBTX against EUROs, its not that bad either, for the price of 0.19 have already went up to 0.31. Not the 5 x multiplier like with TELOS, but I would call over 50 percent profit in one day pretty decent already.

Want to get rich? No? Okay, don’t go and buy Bitcoin Subsidium (XBTX) then.

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.

Last Friday, discord username Taperj from xbtx.collective-b.org pool posted a link to XBTX Mining Profitability Calculator that he had himself coded for everyone to use:

This is a very handy tool for everyone thinking of mining XBTX.

Just put all the details there and you can instantly see if you are on the winning or losing side, and how much, or you can also use this to speculate in a way that if the price of XBTX or BTC is this, then how much would I gain if I will mine for a year.

Nice touches are that Network Hashrate, XBTX Price, and BTC price are updated automatically. Only thing missing from this is that it doesn’t give an option to see the profit result in Telos, as in what if you sell XBTX against Telos instead of some inferior coin like Bitcoin.

Even if you are not concretely interested in Mining yourself, you could still use this to check for example the profits of Peertoros XBTX Mining Lifetime packages. However, before you get overly excited, notice that the calculator and Peertoro use different measurement units. Mining calculator uses H/s (Hash per second) while Peertoro uses H/m (Hash per minute), this means that to convert H/m into H/s, you need to divide the H/m number by 60. Therefore for example the lowest powered lifetime package of 6200 H/m, becomes roughly 103 H/s.

As mentioned in previous weeks news item, there was voting about whether to list XBTX to Graviex Exchange or not, and this voting has now come to an end:

And it was successful. 1200 votes were needed, 1201 was given, and option 1, which was “Yes”, was the only option getting votes.

In his comment on Saturday, Pascal mentioned he will contact Graviex about listing XBTX on Monday – that be today.

However, there has been some discussion in the discord channel by community members if it would be possible to instead list XBTX to TradeOgre Exchange. So far this discussion hasn’t gone to a serious level, but it does seem at least some people are thinking TradeOgre as a good alternative, so if you wish to push this idea forward that instead of listing to Graviex, list to TradeOgre, hurry up to Discord and voice your opinion, and perhaps there comes a new vote either to dashboard or in discord.

For a couple of days now there has been in the dashboard voting about adding Bitcoin Subsidium (XBTX) to Graviex:

To put it simply, one vote costs 1000 Telos, and you can either vote “yes” or “no”.

Usually those voting “no” don’t actually vote, but in case you like to do that, you can, in which case if “no” wins, the amount collected will be passed to the next similar kind of listing a coin to some exchange vote.

Actually, this will also happen in case “yes” wins but there are not enough votes to pay for the Graviex listing price, which is 1.2 Million Telos, or 1 200 votes in votes.

On the 10th of Aug there were 163 votes there, so could use some more love, especially since Pascal is matching with one vote for each “yes” vote, making the community need to vote only 600 votes in total from which 1/4th might already be there.

While I did like it when XBTX was all in Bitdorado only, since it was nice seeing all trades in one place, I however voted “yes” myself too since the idea with this Graviex listing is that it would be the third exchange that Coingecko and similar accept and demand. That the idea isn’t actually so much in getting XBTX to Graviex, but in getting XBTX listed to Coingecko and similars, and they demand 3 exchanges that they approve, and Graviex would be the 3rd one. And this then again opens more opportunities for the conquering of the world for our dear Bitcoin Subsidum (XBTX).

Do notice that basically voting is open until the 14th day only, but in the description it explains that if the vote hasn’t reached its target, then voting will be extended.

Now is a good time to try Dashboard’s new voting system which is much simpler than before. No more manual transactions, but you just confirm you want to vote “yes” or “no”, and the rest is automatic.

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!

Username AI in discord tipped that MiningPoolStats have updated their list of Bitcoin Subsidium Pools and now there is much better idea of where all the hash power to Bitcoin Subsidium mining is coming from.

Here is how the stats looked there on the 5th of August this year:

Zpool.ca is a mining pool where you can mine over 150 different coins currently, and that is not the only catch, but they have this auto mining feature where idea is that they keep automatically on your behalf switching between these over 150 coins based upon which one is most profitable to mine at any time, which is one way to try to guarantee your mining profits are maximum.

Of course we know that is not true anymore since now they have added Bitcoin Subsidium (XBTX) to the list of minable coins and whenever they switch away from mining Bitcoin Subsidium, you lose. After all, 1 Bitcoin Subsidium today, is 10 000 Bitcoins tomorrow.

But, luckily they do have an option where you can ask your mining profits to be paid in Bitcoin Subsidium, even if you are mining some other coin, so perhaps it will yield you the max profits after all since maybe some insignificant coin like Bitcoin will temporarily gain more than Bitcoin Subsidium, but it will then be used to buy Bitcoin Subsidium with its current price, yielding you more than with mining. After all, everyone’s wanting their piece of new XBTX and hence are mining Bitcoin Subsidium, so while the price might be best, competition might however be so fierce you get only a tiny bit of XBTX, and hence mining something else to get XBTX might result in best result.

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.

Mobile Pay Coin has been focusing on making a marketplace, a bit similar to Kryptobay, and they have now, or it was almost a month ago already actually, added Telos and Bitcoin Subsidium (XBTX) as accepted payment methods.

Time to go and spend some of those XBTX and Telos you been making.

Bit of old news already, but for some time already now you have been able to trade Bitcoin Subsidium (XBTX) against Bitcoin (BTC) in SouthXchange.

Telos Wallet 3.04 and Transcendence Dashboard Beta have been released to Github.

This is actually a bit of a old news already, but I didn’t want to write about this until I had tested Dashboard myself since I was actually expecting Dashboard to be much more than it currently is yet and was expecting to be writing a long article telling you all about it.

Now don’t get this wrong, Dashboard is still a great piece of work and I personally at least like it quite much in that it shows to be quite promising with the little there is already.

Wallet version 3.04 was released in hopes of fixing some unintended forking happening, and at least so far it seems it has worked.

Along with the Wallet 3.04, there is also now a Beta version of the long waited Transcendence Dashboard and I am finally starting to see what Pascal has been meaning all this time about not needing exchanges anymore, etc. that Dashboard could be one in all solution.

Yes, we are still far from that point, but the underlying technology is already there, and using just a little bit of imagination you can see how that all will happen, and indeed, I can see how there wouldn’t be a need for exchanges anymore, but all trades would happen as basically, OTC trades, even at the same time they would be like exchange trades as long as there’s a system to keep track of them and their prices.

Anyway, right now there is only quite a little on the Dashboard yet. There are lots of menu options that are shaded out as not there yet, but they will give you a hint about the future.

At this point Dashboard is basically only working as a Telos and Bitcoin Subsidium wallet.

What is interesting with this is that instead of Dashboard being a wallet in itself, it is actually more of an interface to work with the wallets. So in practice you will still have the usual Telos and XBTX wallets running, but they are basically invisible since you just don’t need to worry about them since basically Dashboard is supposed to take care of them.

This however is not true yet, as it is still only on Beta stage and missing some crucial pieces still, like if your wallet doesn’t get automatically connected to nodes, you actually need to go and do stuff on the wallet, since Dashboard doesn’t have these features implemented yet, although they are planned to come.

However, after you get your wallet running smoothly, you can see how handy Dashboard actually is. For instead of flipping back and forth with different wallet softwares, you can just choose from Dashboard which coin, Telos or XBTX, to look at, and Dashboard will show all the info regarding that coins wallet of yours.

What I also liked was that while the old QT-wallet was a bit limited in how to show transactions, that you could see them only one way basically, Dashboard, on the other hand, gives you a chance to display them in different ways, like you could choose to look only received or sent transactions, or only from the certain time period. Just choose the filters to use, see the result and even save it in sort of CSV form. Sort of CSV since it actually isn’t CSV, since CSV would be Comma Separated Values, but this is actually using Tab to separate values. However, when you open this file in Excel, for example, you can choose to have separation done using Tab instead of Commas, and it works.

Also, when you close or open the Dashboard, you can choose to run or stop running all the associated wallets with Dashboard.

So instead of starting XBTX wallet and Telos wallet separately, I simply open Dashboard and Dashboard opens them both automatically. Or when I close dashboard, it asks if I also want to close my Telos and XBTX wallets, choose yes, and they are both closed instead of me needing to close them separately.

This alone can be pretty handy feature if you for example have 10 different wallets that you just want to sync and see the situation once a month. Instead of opening them all separately and having possibly 10 different interfaces to deal with, just open Dashboard and get them all automatically synced and save the transactions using just one interface instead of 10.

Now there is however a downside to this too, for opening all these wallets and running them at the same time will also take lots of memory. It seems to me that running Telos and XBTX wallet at the same time takes about 5 Gb of memory, so that needs to be taken into consideration. If you have less than that of memory, there is an option to run only one of the wallets at a time however.

Couple of Instructions regarding DASHBOARD that you might run into:

The first problem you might encounter is your AntiVirus not letting you run some parts of the Dashboard or wallets. In this case, you need to check your Antivirus settings and there should be some place where you can choose to give permission for some files manually. You might need to give permission to all files regarding Dashboard as well as regarding wallets, including wallet.dat files. My own AntiVirus (F-Secure) actually even tends to delete wallet.dat files if I don’t tell it to ignore them first, and that is a pretty scary thing to happen.

Next thing is that running the Dashboard requires about 5 Gb of free memory (just based upon my own test and only at the time I tested, it might take more in the future) Having less than this amount of memory can result in strange behavior, errors, and crashes.

If you can’t have enough Memory, you can try opening only one of the wallets

When you start Dashboard for the first time, it will make a certain folder called “Transgui”-folder to a certain location.

This location is usually located at:
C:Users/Username/AppData/Roaming/transgui

Notice that “Username” refers to the user name you are having on your computer and to see AppData, you need to enable seeing hidden files.

In here you will find a file called “cfg_autostart.exe” open this to your notepad and you will see a line reading “XBTX=true” now change this line to “XBTX=false” save the file and start your dashboard as usual and it will now not try to start XBTX wallet and hence saves you a lot of memory.

Then the problem you might encounter is that your wallet doesn’t get any connections.

To fix this, You need to locate your Blockchain folder. When you first time started your Telos Wallet, or if you have never started it, then in case when you first time started the Dashboard, it is asking for a folder where to save the Telos Blockchain.

Locate this folder and inside this folder you will see a file called “transcendence.conf” open this file and in this you need to add addnode lines. as an example:
addnode=12.34.56.789

Thing is, you cant use just any numbers, but these numbers need to be actual node addresses.

To find them, you could first try if ones in the Telos Explorer work for you:

If ones on the Explorer don’t seem to work for you, then you can go to Transcendence/Telos community discord and search from there for the most recent list of Add nodes.

With these instructions and a fair warning that we are talking of a Beta version that might still contain some bad bugs in it, go and try Dashboard.

When you put Piggybank to a cloud and get a Remote Desktop Access to it, what do you get?

Well, I admit I at first missed it myself since I was just looking that you are getting a Piggybank on a cloud with a remote access, which is exactly what it is, but what I missed at the start was that there is actually a more familiar name to this kind of access called Virtual Computer or Cloud Computer or Remote Access Computer or…

And when I realized that, I understood what a great deal here is on offer for Telos users.

For only roughly 100 Euros with the current Telos price, you are getting a lifetime Cloud Computer access. This is dirt cheap. Or I would actually argue more expensive than any other deal, for, after all, next day you could have sold those 35k Telos for 35K Euros. So you decide if it’s dirt cheap or extortion. Is it 100 euro bargain or 35K Euros of lost profit.

A couple of years ago I was myself looking at getting a Remote Access Virtual Computer since I was having difficulty getting connected to some specific websites, and on holiday vacation we noticed the vacation place had an excellent connection to those websites, so I started looking at getting Virtual computer from that precise location, and I did find they were for rent, but the price was much more than the one-time payment of 100 euros, for it was much more than that each year.

If you are asking from me, this a real killer deal for anyone already owning one of the Telos products that lower the price to 35K Telos in case you are looking for a Remote Virtual Computer access. I would have jumped to a deal like this couple of years ago had one like this been available.

In addition to this Virtual Computer, you could use this simpler way too. For one thing you could do is to simply use this as a wallet for different coins.

The good thing about this is that what I have learned when using my own Windows machine as a wallet, sometimes something might cause some unexpected behavior, for example, my Antivirus decided to automatically erase my wallet.dat file, since it decided it was a suspicious file (I guess it figured Telos price was suspiciously lower than it should be). Well, good thing I had a backup, except it deleted that one too. But luckily I had also one file named differently than wallet.dat, and that one my antivirus didn’t recognize.

Anyway, that is just an example of what could happen, and one way to likely prevent something like that is to use Virtual Piggybank as your wallet machine.

And as long as you don’t use it for anything else but as a wallet, you are likely going to be able to avoid all the hackers getting into your computer to steal your wallet.dat files, etc.

So it can be pretty good solution from security point of view as well.

Not to mention that part of the service is that every 30 days there will be a backup done of your virtual piggybank, so even if something nasty would happen, you wouldn’t lose more than 30 days of stuff done (although I still recommend you make backups for yourself manually too, especially since the newest auto backup will replace the previous one always)

The next possibility, which is also interesting from a cost point of view, is that you can actually use this to mine some coins the same way you can use the previous Piggybanks that were sent to you.

This means that basically you could buy this already just in case you happen to ever need a virtual computer, and while waiting for that, simply use it for mining, and at point you finally need a virtual computer, you might have actually made more money back than you ever used to buy it.

All in all, a very interesting product for many different needs, even at start it doesn’t seem like much. Just another piggybank until you realize it isn’t.

Now do notice couple of things however.

First of all. Sad thing is, if you do use this as your wallets, it, unfortunately, works the same as with your home computers in that you do need to update the wallets yourself. ARES will simply provide you with Piggybank and access to it, but other than that, for security reasons, they won’t be able to touch your virtual machine, so you have to touch it yourself, including updating your wallets.

But at least Virtual Piggybank does come preinstalled with XBTX and TELOS wallets, so the first time installation is saved from you.

Also, the Operating system is Ubuntu 20, which might be good or bad, depending on your taste. I would myself have preferred AEROS.

But other than that. What a great deal!

The pricing starts from 35K or 150K Telos. Idea is, if you don’t own any Telos product suitable for discount (Piggybank, Bluebox) then the price is 150K Telos.

If you do however own Bluebox or Piggybank, then the price is only 35K Telos (dirt cheap, except of course you are losing huge profits that you would have got by selling those Telos a week later).

There are currently three different options. Piggybank S, M, and L, S giving the least and L naturally the most.

S is 35K/150K and includes 2.6 GB Ram and 60 GB Hard Disk space and 1 Virtual Core,

While L version is 80k/250K and offers 8GB Ram and 250 Gb Hard Disk Space and 2 Virtual Cores.

35K is actually not even the cheapest price, but there are some other discounts available too, like if you are a Bitdorado Premium Member. But you can find more details about those from Peertoro.eu Virtual PiggyBanks order page, where you should anyway have hurried up already at halfway this article.

And thus Bitcoin Subsidium Classic (XBTXC) is born, or depends how you look at it since technically XBTXC been around longer than our current XBTX which basically replaced XBTXC couple of months ago as is the habit with coin forks most of time.

Anyway, when XBTX was forked from GPU minable coin to GPU resistant coin in favor of making it CPU minable coin, it left an empty spot open for those people who actually favored GPU mining.

Hence Pascal figured that hey, why not actually make XBTX Classic as well. That would mean that instead of having just this new current CPU minable XBTX fork that replaced the old XBTX fork, we would also have the old fork existing at same time.

And this could be said to have happened two days ago when XBTXC was listed to Birake and Bitdorado Exchange to be traded against BTC.

Meaning you can now trade your XBTX Classic coins against BTC and vice versa.

Nice thing about this is that as long as you had some XBTX when the last XBTX fork happened, then you will already own some XBTX Classic too.

That if you had 1000 XBTX at the time of fork, then you will also have 1000 XBTX Classic coins now in addition to whatever you are currently holding of the current XBTX.

Question is if there will happen much with XBTX Classic or not, and will it be updated ever, for example in case there is some serious bug found, and that remains to be seen.

I quess it would depend upon whether people actually do some trading with the classic or not, and that might be partially dependent upon what Pascal does with it.

As far as I can recall, I think Pascal have mentioned that he basically does plan to support XBTX Classic too if people are interested, by accepting XBTXC as a payment method for his products.

Oh, and question that is probably burning on many readers mind is in how to access these XBTX Classics they already have.

Well, if you are like me, that you had them stored in Birake/Bitdorado Exchange, instead of actually having a wallet, then you just have to wait and hope that the exchange at some point decides to support it in such a way that you can get access to your Classic coins as well.

Otherwise, if I understood right, there will be a new wallet released soon that will show the classic coins you have, although basically I guess you could use some previous fork XBTX wallet version as well to access them.

https://t.co/YzU8C6m6YS you can now trade XBTX classic (X16r) pic.twitter.com/Yarrl9egSF

— Teloscoin (CMC Ticker Telos) (@teloscoin) December 9, 2020

Polispay Wallet added Bitcoin Subsidium (XBTX) as one of the supported coins already about a month ago (telosnews have lately been a bit slow at reporting news to you).

When Considering that there is currently no officially supported mobile wallet for Telos or XBTX, Polispay is a pretty good option to go to if a mobile wallet is what you are after at.

Not to mention that there is no officially supported noob-friendly option for XBTX wallet existing at all, and as exchanges are not always happy for people to use their exchange accounts as active wallets when that wallet receives continuous small income for example from mining, Polispay might well be a pretty good choice right now to be used as your Telos and XBTX wallets, both-in-one solution.

However, do keep in mind that Polispay is a third party, so they can decide whatever they decide without Telos or XBTX having any say on the matter.

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.

One of the more mysterious announcements happened about a week ago when Pascal made an announcement about the first third-party XBTX token project called Buy and Light.

Not much details were given upon what this is and what it means to Telosland, but I guess it is a good thing.

There was a video attached, which you can find from below, and a mention of a Billboard.ly-web address, which gives even less info than Pascal’s announcement did.

Perhaps in the future we will know more.

Here is a slight confusion available for you all: xMiner is a hardware device meant for mining, while xMiner v2 is actually a software meant for mining at Bluepool.

Bluepool have been mentioned before too in TELOSNEWS.COM but what all Bluepool will hold is still to some extent a mystery and previous reports might have some errors in telling about it.

xMiner v2 is software for Windows (64-bit version only) that enables the user to mine with CPU or GPU in Bluepool specifically.

However, since Bluepool is a sort of insiders club where not just anyone can get access to so it would stay nicely profitable, you cant just download the software and start mining, but your wallet needs to get whitelisted first to get the access to the bluepool.

To get your wallet whitelisted, you either need to have bought one of the eligible things from Transcendence Project, which currently would be a Bluebox, xMiner (the hardware one), Piggy Bank v3 (for a limited time only), or you need to buy Bluepool Membership which currently costs 476 000 Telos and if announcement is to be trusted, will be climbing all the way to the price of 1.6 Million Telos soon, making it even at this point already, let alone in future, much cheaper to simply buy yourself one Bluebox to get the access.

When you are mining in bluepool, 80 percent of your mining power is used for your own mining, meaning that 80 percent of what you are about to get, you will get, and the rest 20 of that power will go to be distributed among all pool members – including yourself.

This is basically good since especially at the point when bluepool is going to start mining more than just XBTX, you will get your share of all these other coins too, meaning that you mine just one with for example CPU, and you get access to a whole load of different coins.

The rest 20 percent is being distributed based upon shares you own to bluepool. For example, if you own bluebox, you will get one share for each bluebox you own, so own 5 blueboxes and you get 5 shares.
xMiners, on the other hand, will get 10 shares each, after all, they cost about 10 times more.

This the situation with the Bluepool currently. If you wish to get on mining, go download xMiner v2 from here, and then you need to request your wallet address to be whitelisted either by contacting the place where you bought your eligible bought from or by asking from Pascal at discord.

Notice that during software testing it was noticed that Windows 10 deleted some of the files after unzipping since Windows defender thinks mining software as Malware, so depending upon your settings, especially on windows 10, you could encounter some trouble, so do it with your own risk and only if you know what you are doing.