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.

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.

Bitdorado.eu is open, and has been for some time already, I just noticed it a bit late, and it also took me quite a while to tell you about it.

From the user’s point of view, this is exactly the same as Bitdorado Turkey, but this just resides in the EU.

It is similar enough that you cant actually sign up to Bitdorado EU yet, but you have to register yourself to Bitdorado Turkey, and then use those log-in details to log in to Bitdorado.eu, and automagically all the same coins you see in Turkey version, you will also see in EU version, and as far as I can see, can also do all the same stuff as in Turkey version.

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.

Right after I had pushed the “Publish”-button for the latest rumour article mentioning nothing concrete happening from the user’s point of view, that article already got old since I noticed Pascal had posted a message to Discord telling there was an Update released to Bitdorado App.

By now this update should have come to everywhere in the world to Apple Appstores and Google Playstores.

What is interesting in this update is that it now includes Telos wallet in it.

So if you been wondering where to store your coins but you have felt exchanges as too insecure and real wallet as too complicated, then this would be something from the middle.

It is a very simple wallet, basically a kind of wallet I personally find very appealing, for it gives most of the security that a regular wallet offers, yet you don’t need to worry about keeping it up-to-date, but you can basically just leave it be and come 5 years later back to immediately use it again. Only drawback for me is that it is in a mobile App, for I dislike using things on Mobile phones, and prefer doing things with tabletop computers, but quite many people nowadays are exact opposite on this, hence this is probably a perfect solution for many.

This part is bit more of rumour side, but I can start seeing the picture Pascal is drawing here for us.

Now you might think this is just a handy Wallet now, but I think this is going to be part of something bigger.

Pascal mentioned in Discord that he either got it already, or was in process of getting some sort of banking right to Bitdorado in such way that he can offer FIAT Bank Accounts in Bitdorado.

Just a little bit of imagination, and you could see that Bitdorado could become your ultimate banking solution which would also include cryptos.

You could have a FIAT bank account, where you could store all your FIAT money (of every FIAT currency), and then use this account the pay your everyday bills.

Now, on top of this, you could simply choose to buy some Telos to your Telos wallet with the current exchange price, and this would happen in real time. 10 Euros becomes into 0.00001 Telos, and then when you notice your electric bill is already due, but you have no Euros (or USDs, or Yuans, or whatevers), you would simply, once again in real time, change 0.0002 Telos into 200 Euros and get electricity bill paid.

Actually, you could technically pay it even with Telos. Just put your invoice details which tells the due amount is 200 Euros, choose from a list that you wish to pay it with Telos, and Bitdorado will handle it so that it sells enough Telos to have enough Euros to pay the bill, and this all happens instantly.

Now even if you wouldnt appreciate the Telos to FIAT and back real-time conversion, for regular folks this would also work as an excellent way to make some investment money kind of thing.

Nowadays people might for example buy 100 Euros worht of Funds each month, which isnt a bad idea, but it is not simplest possible thing, and there often is for example at least 1 days, and often even longer while before you can actually get your money out of them back to use, plus you cant choose an option to pay a bill and choose to take that sum from the Fund directly.

Telos wallet and FIAT bank account in Bitdorado however opens an interesting opportunities.

The first one is obvious, you could simply put 100 euros a month always to one of the Bitdorado pools. You could, for example, buy Bitcoins instantly to your bitdorado Coin & Growth pool, and this way get a nice percentage to your Bitcoins each month, and if needed, pay a bill using Coin & Growth funds.

Another interesting possibility is that instead of having Euros in your account, you could instead decide that all your money is in cryptos all the time. That right when your boss pays you 1000 Euros, it would instantly be changed into Telos, and this way you could gain interest on the money (cryptos) that you are holding in your wallet, and then when needed to pay your everyday bills, you would use Telos to do that.

My guess is, that something like this is what Pascal is planning on achieving, and that is a pretty great idea.

Time to go to Apple Appstore or Google Playstore and search “Bitdorado App”

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.

Just yesterday Pascal announced Bitdorado Turkey is having a B-month.

It shows how fast Pascal works that he is actually crushing a whole B-month into under two days since he announced that until the end of this month, which ends after today, every transfer of BitcoinSubsidium (XBTX), Birake, Bitcoin, BCH, BNB, or BAM will earn an extra 3 percent on top of them.

Or at least that is how I understood his message which could be used as a light escape room game puzzle.

How to get it, is as cryptic as the rest of the announcement, but here is my guess, which might, or might not, work.

First, you transfer for example 100 000 Birake to either your Birake Pool or Birake Coin & Growth Pool.

Then you calculate that 3 percent from 100 000 is 3 000.

Now you go to coingecko and check what is the price of 3 000 Birake compared to TELOS, which you could do for example by first checking the price of 3 000 Birake in BTC, and then checking how many TELOS you can get with that BTC amount.

Now you make another transfer, but this time to Telos Pool (or maybe Telos Coin & Growth pool is an option too), and this time you mark the transfer sum as the amount of TELOS you got from the previous calculation, and Transfer ID as “month of B”.

As far as I can understand the announcement, that is how I would interpret it. But use at your own risk, no guarantee is made if my interpretation is right, or if following my interpretation might get you kicked out from Bitdorado Turkey completely.

Happy rest of the year!

edit:

thanks to some readers for pointing out that I missed it was specifically talking of a bonus to TELOS pool, I corrected the original text to reflect this.

another edit: added Bitcoins Subsidium (XBTX) to the list, it starts with B also.

Bad news for those who haven’t joined Bitdorado Turkey yet, and even to those who have joined.

First is that practically Bitdorado Turkey is not accepting new members anymore since there have only vaguely been mentioned that if you wish to join Bitdorado Turkey, you need 1 Million Euros, and the reason for this have been said to be in keeping the member numbers down since seems over 100 members would make lots more work due to laws and regulations.

In another unfortunate step, demands to even stay as an existing member have been lifted up. Now you need 1 Million Telos and 10 000 Birake coins in your Bitdorado account to be allowed to stay. The scary part in this is that first it was announced, if I correctly remember, that you needed 300 000 Telos, then later point it was raised to 1 Million, and then, even later, 10 000 Birake coins demand, and I can see somewhat of a scary pattern there which says that there might be coming more demands in the future since it seems like they just want everyone else but themselves out.

So if you are still one of the few who are able to stay in Bitdorado Turkey, better start preparing for the day you won’t be able to meet the demands and are kicked out.

On sad news, Pascal announced on discord a couple of days ago that Sunday Funday deals are over.

No more 20 percent extra for buying Telos through OTC offer on Sundays.

Well, he originally said he would keep it only until the price hits 2 cents, which it did hit long ago already, and he only stopped it until it hit 2 cents again some days ago. So fun did last much longer than expected.

As I was updating links to Lucky 7s articles since his old Cryptoacid.com had changed to wordpress.cryptoacid addresses I noticed I have actually missed one article from him from more than a year ago.

On may 5th 2020 Lucky seven published two articles, which might be why I missed the other one, perhaps thinking I already released a news item about it when it was actually about the other one.

Basically these two articles are two parts of the same topic, both teaching you about how to use Bitdorado (now Bitdorado Turkey). Articles content has got a bit out of date now that Bitdorado Turkey has concentrated more heavily towards Coin & Growth pools, but it might well be worth a read still since who knows what direction Bitdorado Turkey will take in the future.

About a week ago Pascal wrote a message to the Bitdorado Turkey channel that is very interesting to Bitdorado users wishing to get VIP status for themselves, for he revealed some actual numbers about it and with it also revealed some more info too.

In this message he mentioned that currently there are 75 active Bitdorado users, and he also mentions that just 5 more people and one more member gets a VIP status.

This means that the amount of VIP members is based upon full 10 percentage numbers, not a rounded one. That while 7.5, or especially for example 7.9 would normally round up, In this case, there need to be full 80 active bitdorado members before number 8 in the list becomes a VIP-member.

Another interesting was that Pascal gave a list of the amounts of Telos owned by the top 10, which actually included only the top 9, and which is as follows:

10.000.000
10.000.000
3.401.101
3.333.333
3.300.000
3.277.120
3.086.000
————–> Below this line not yet VIPs
3.008.800
3.007.278

It is not clear if Bitdorado Premiums 10 percent extra gets calculated to the calculations or not, for while the exact 3.3M in the list would make it seem like someone put 3M and got 300K premium bonus, on the other hand, both 10 Million in the list are exactly 10 Million, instead of 10 M + 1 M, and I would expect those with 10 Million to also want Premium membership for them.

And just like I mentioned in previous Bitdorado Turkey VIP status related News Item, Pascal too mentions that it might be wiser to simply gift some small amount of coins for someone to join Bitdorado and hence increase the number of VIP members, than to start fighting from currently only Top 7 spots, especially now that AML-Now KYC, that is required to join Bitdorado Turkey, is free for first 1000 people.

And regarding marketing Bitdorado, Pascal also mentioned that there is a referral system coming to Bitdorado Turkey, making marketing/gifting coins to friends perhaps even a profitable venue, and that he is also planning on starting to market Bitdorado to outsiders himself, of which this news item is probably first fruits of.

For some time already Pascal was talking about top 5, top 10, or something, getting VIP status in Bitdorado Turkey. and now, about two weeks ago, it became a reality.

The idea is the following: Instead of top some fixed number, Pascal decided that top 10 percent of users will get VIP status in Bitdorado Turkey.

What does this VIP status mean? Well, that is a very nice thing, it means that whether you have reached TIER 5 requirements or not, you will get all the rewards from all the Coin & Grow pools like you would have reached TIER 5 (the highest TIER).

This means that currently for example you would get 8 percent monthly interest to Telos and XBTX and for example 6 percent monthly interest to BTC Coin & Grow pool.

To become top 10 percent means that you need to have more Teloscoins in Telos main pool (not the Coin & Grow one) than 90 percent of other users have.

Pascal said about a week ago that currently the last one reaching the top 10 percent has a bit over 3 Million Telos coins there.

However, there is a better way to reach the top 10 percent too, for you could invite all your friends to join Bitdorado Turkey, with a hopefully small amount of coins.
Let’s just 10 times multiply the amount of Bitdorado Turkey users with small investors, and all of us current Bitdorado Turkey users can be on the top 10 percent without needing to add any more Teloscoins to the Telos main pool.

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.

More than a week ago I warned you about doing Deposits and Withdrawals at Bitdorado since there was an update being done.

I’m not actually sure that update is completely complete yet, but I anyway today asked from Pascal about Withdrawals and Deposits, and he said it is okay to do them again. They are still being processed manually so it might take some time before they actually happen, but you can anyway do them.

Bitdorado Mobile App, which Lucky 7 wrote you about in his latest article, should now be available for download from both Apple’s Appstore, and Googles Playstore.

Bitdorado is being updated.

Lots of obsolete Pools will be removed and if you had any coins on any of the pools that are becoming obsolete now, they will be moved to different pools, mainly to Coin & Grow pools of the same coin.

Due to this update, Bitdorado is asking you not to Withdraw or Deposit anything until update is done. Current estimation is that you can Withdraw and Deposit again tomorrow at 16:00 cet.

Alternatively you can watch TELOSNEWS.COM, as TELOSNEWS.COM will post a newsitem when Witthdraws and Deposits are available again.

Bitdorado has something called Coin & Grow pools, which I think are excellent for beginners to Cryptos.
well, would be if it wasn’t too hard to figure out how to use them and this is why I am making this Tutorial in hopes of helping you out in both understanding what Coin & Grow pools are, and how you can benefit from them.

I am not going to be giving an indepth explanation of what everything is, but I am mainly focusing on telling what Coin & Grow pools are and how they work.

In this tutorial I am using a Computer with a web browser. If you are instead using Mobile App to access your Bitdorado account, then things might be a bit different.

Bitdorado has plenty of pools in it that you can access through your account menu:

Clicking on “Pool” option in Account will expand the view to show “Pool Deposit”-option (Circled in the picture on left). By clicking that you will get to a place from where you can join Pools.

The pool you wish to join is selected from a Dropdown menu, pay attention to the above pictures “TELOS” (Circled on top right of the picture) and below pictures “Coin&Grow”-pools (rectangled):

As you can see already from the picture above, there are plenty of other pools in Bitdorado too, but I am only going to explain about Coin & Grow pools here, besides, most of the others are anyway becoming obsolete.

The idea with Coin & Grow pools is that you put Cryptos into it, and these Cryptos will grow with a certain percentage each month. To put it simply, it’s a bit like putting 100 euro into a savings account, and one month later you have 101 euro because those 100 euro have yield 1 euro of interest (that would be 1% monthly)

This actual Interest rate however is bit difficult to understand without proper explanation, as these Coin & Grow pools are sort of two-part pools.

Remember how I told you to pay attention to that circled “TELOS”-pool. Now is time to recall it again. For this is the part 1 of this Coin & Grow Pool, for idea is that depending upon how much Teloscoins you put into this “TELOS”-pool, will also determine what kind of percentage your Coin & Grow pools will bring you.

The idea is that the more Telos you put into the “TELOS”-pool, the higher the TIER you will get & the best ROI you will get out of Coin&Grow.

If you have no or under 100k teloscoins in the “TELOS” pool, you will get nothing out of Coin&Grow, even if you had 20M coins in Coin&Grow.

To gain TIER 1, you will need to have 100 000 Teloscoins in “TELOS”-pool.
For TIER 2, You will need 300 000 Teloscoins in “TELOS”-pool.
TIER 3 – 1 Million Teloscoins
TIER 4 – 3 Million Teloscoins
TIER 5 – 10 Million Teloscoins

And those are all the TIERS you can reach.

Depending upon your TIER, depends how much you will earn from your Coin & Grow pools, and this varies between different coins.

To find out how much you will earn from each TIER, you will need to choose one of the Coin & Grow pools from the Dropdown menu, and after that you can see something like this:

In this above picture you can see that Coin & Grow Telos pool will give you 1% monthly profit if you have reached Tier 2, which requires 300 000 Teloscoins in “TELOS”-pool first.

This might seem like quite a low profit at first sight, but that is actually a 12% interest a year. Try getting that from your regular bank savings account and see how that turns out.

As a side mention, there is also a Premium Membership available to buy for 3.2 Million Teloscoins which will affect the profits by giving you one extra percent of profit. There are other benefits for Premium Members too, but I won’t go into more in this article.

Part 2 in the Coin & Grow process : now add some cryptos to one of the C&G pools

To give you an example:

Just to underline this. When you have enough Teloscoin in “TELOS”-pool to activate one of the TIERS, like in this example case the TIER3, you can put an unlimited amount of coins to as many Coin & Grow-pools as you like, and you will get profit based upon TIER3 from all of them.
If you then later add more Teloscoins to the “TELOS”-pool to reach the next TIER, all these Coin & Grow pools will yield you based upon the new TIER you have reached. And naturally, if you take Teloscoins away from “TELOS”-pool enough to not have enough for your TIER, you will then drop to whatever TIER your amount of Coins will be enough for.

Now what comes to that 1 Million Telos in “TELOS”-pool that you used to activate your TIER. While those 1 Million won’t give you any Coin & Grow gains themselves, they will however give the gains that the “TELOS”-pool itself gives.

“TELOS”-pool itself is a so-called staking pool. So it gains staking profits. This profit varies and depends upon many factors, so I cant give you any actual percentage. By my own guess, which isnt based upon calculations, I would say that right now it is gaining you maybe 2 percent profit each month, but by default it will get worse in the future since usually the amount of new coins are chosen to decrease rather than increase.

IS IT WORTH JOINING COIN & GROW POOLS?

That depends upon what you want and what your skills and resources are.

Truth is, if you have the skills there are plenty of people making more than what Coin & Grow makes. Bitcoin multiplied by 5 in two months, Dogecoin multiplied 10 times, and Bitcoin Subsidium (XBTX) multiplied 10 times in just one day. And when not talking about trading, with some Tech-how you can get pretty decent profits too, especially if you have only a small sum to use.

And Obviously nobody will promise you 9% percent interest without making sure they get more themselves.

But that is only if you have the skills.

What Coin & Grow offers is a fixed rate and stability. No matter what, you will always get the certain percentage you are getting. This is especially important to take into consideration when comparing with Tech-know alternatives. For you might be getting 3% monthly now by setting up a node for example, but by default that profit gets less in time, which makes the question if it is better to have 2% now for good, or 3% for only some time?

Personally, I am very excited about Bitdorado since I happen to be the perfect target audience for it.

I don’t want to spend my time on technical things, I don’t want to keep following which thing bring me most currently and then switch to the next one when the current one doesn’t make the most profit anymore, and I don’t necessarily care if I don’t get the maximum profit that I could, as long as I know exactly what I am getting and that amount is enough.

I also love the easiness of this. I just put the coins in once, and at least theoretically, even 10 years later I will still be getting the same percentage each month.

if you are the target audience like I am, then Bitdorado Coin & Grow is an excellent deal. If you are not, then it might be even a very crappy deal. You decide.

On a same day as lucky 7 published his previous article, he also published another one that was telling about the upcoming Bitdorado App.

Even if you are not really interested in Bitdorado App itself, but you are interested in Bitdorado, the article is still worth reading since it doesnt really talk anything App specific as far as I noticed, but is instead explaining of some of the things on Bitdorado on how they work. Hence if you are interested in Bitdorado, do read the article from one of the following places:

Cryptoacid

Steemit

Publish0x

Medium

Another Lucky 7 article has come out. This time telling about Bitdorado Turkiye a bit as well as about Bluebox Turkuaz editions.

Basically the same stuff you have read from TELOSNEWS.COM, but instead of having to read multiple articles, all this info is combined into just one article.

You can read the article from

Cryptoacid

Publish0x

Steemit

Medium

As Telos is about to conquer Turkey, one of the first steps seem to be offering a limited edition Blueboxes.

These blueboxes differ from previous ones in that while previous ones gave you Cryptos, these ones give you Euros.
Another difference is also that while previous ones were dependent upon how much Cryptos Bluebox in reality mines, these ones have a fixed income of a certain amount of Euros each month.

Following options are available in the following amounts:

Bluebox Turkuaz 1K – Costs 1 000 Euros, and will give you 2 percent (that’s 20 Euros) per month – limited to 20 boxes
Bluebox Turkuaz 3K – Costs 3 000 Euros, and will give you 3 percent (90 Euros) per month- limited to 20 boxes
Bluebox Turkuaz 10K – Costs 10 000 Euros, and will give you 4 percent (400 Euros) per month- limited to 15 boxes
Bluebox Turkuaz 30K – Costs 30 000 Euros, and will give you 5 percent (1 500 Euros) per month- limited to 30 boxes
Bluebox Turkuaz 100K – Costs 100 000 Euros, and will give you 6 percent (6 000 Euros) per month- limited to 15 boxes

Notice that these Monthly Euros are paid to Bitdorado Turkey account, so if you plan to get one, you also need Bitdorado Turkey account.

To order one of these boxes, you need to contact username Safayu99#0445 in discord, in either Turkish or English language.

And before you start sending him any money, do make sure you are talking to the right safayu99 since TELOSNEWS.COM can be read by scammers too, and what a golden opportunity here to pose as safayu99 to get your orders which are never delivered.