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.

Roughly two weeks ago Pascal said in the Telos Telegram group that he would pay 100k Telos for someone who makes a manual with pictures for Dashboard.

With Telos signs in my eyes, I rushed to work on it being happy that most Telos people only use Discord and not Telegram, hence it being unlikely for me to have any competition for that 100k Telos.

Last Friday I finally got it finished and Pascal uploaded it to Github adding it to the 3.08 version of Dashboard.

There are probably some errors still, so if you find any, you could go to Discord and tell about them in the dashboard-transcendence channel so those can be corrected for the manual.

A link to a Github from where you can look it for yourself, and also in the future look for newer versions of Dashboard Manual if they get released:
https://github.com/phoenixkonsole/transcendence/releases/

A direct download link to the currently uploaded Dashboard Manual:
https://github.com/phoenixkonsole/transcendence/releases/download/3.0.8/Dashboard_Manual.pdf

When I noticed I had missed one of lucky 7s articles when I was updating his article links, I noticed another oversight of mine, I had missed telling you about Onat 42s last two Vpiggy tutorials.

Onat 42 did some good tutorials about using Vpiggy to save you all the trouble of figuring those things out yourself, that if you are simply just wanting to get one of the specific things done with your Vpiggy, Onat 42 saves you all the hassle by simply telling how to get them done.

So far he has written following Vpiggy tutorials:

vPiggy – different types, different purposes different ways to get (this is helping in choosing which vPiggy model to get)

how 2 Update to the newest Version (will be updated with every update) / how to install the latest bootstrap

#3 How to set up a 3rd party wallet on the Piggy

#4 how to prepare your Wallet on the vPiggy correct for the best staking result

These articles could be extra helpful now that with the price of Telos being so much down right now, I am quite confident that vPiggys are world cheapest option for Virtual Computers, for normally you might need to pay 30 euros a month from a cheap version only already, and here you have a one-time payment option of just 35 000 Telos (if you are Bluebox owner), which is roughly 2-3 months virtual computer rent, and you already covered the cost for life.

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.

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.

For over a month already, there has been a Teloscoin Masternode Installation guide available at Teloscoin Forum.

If you are planning on setting up one and need some guide, then check from there.

This guide however only gives you instructions on how to set it up, and nothing more, and since there been quite a lot of following questions in the Discord Channel, I am going to add a bit of a troubleshooting guide in here:


Why isn’t my node giving me rewards?

is often asked in Discord channel, and reasons can be many, but here are some of them.

It might take a long time before you receive your first reward, especially if you are setting up a 100k node.

The more master nodes there are, the longer it takes for the first reward, or even the next reward to come.
Or to be more precise, more Telos Coins are attached to Master Nodes, longer it takes, meaning that one master node with 1 Million collateral, is the same as there existing 10 Master nodes with 100k Collateral.

And in Telos there is quite a lot of coins attached to Master Nodes, so rewards are slow.

To Check the current average times etc. you can check statistics from masternodestats.info

Another reason why you are not receiving rewards is since your node is one way or other not working properly.

There are loads of people who try to set up their master nodes to some low-cost minimum performance VPS, but you need to understand that if your server doesn’t meet the requirements, they might appear to be functioning normally, but not receive any rewards.

Thing is, there are so many reasons why this might happen, and there are even scenarios where a perfectly fine working node might not receive any rewards.

You might be using too little RAM or virtual RAM, which results in your node being a bit too slow.
Thing is, when rewards are distributed, it is done through consensus between nodes.

Idea is that each node will contact other nodes and say to them “Hey, how about me win the reward this round” and then these nodes continue contacting other nodes telling “Hey, node X suggested himself to be the winner, okay for you too?”, but then at some point there comes a situation where the other node answers “Sorry, I am already planning on giving my vote to Trump” and then the Node X loses.

Figuratively speaking the idea is that you start calling with a phone to your friends and speaking them through the phone to vote for you, and if you speak slow, your talk stutters, and you are using old-style phones where it takes longer to dial, then the guy who speaks fast and perfect and pushes only one button to call his friends, is able to get more people to his side before you are, and hence you keep losing the vote all the time.

This is exactly what can happen to your node. So while everything looks like they are functioning normally, you are not getting rewards, since your node is too slow to ever win the consensus on its side.

A slightly similar situation can happen with a perfectly fine working master node too, for thing is, all nodes have this independent auto banning system. Idea is that if some node tries to contact your node, and the connection isn’t very good, by other words slow replies, then your node will automatically ban this node leaving space for some better and faster node to connect to it since connection spots are limited.

While your node is working perfectly fine, if it however tries to reach to a node on other side of the globe, it is likely that the connection is slow and bad, and to keep connection good and faster, it will automatically ban connections from this node, so closer, better-connected nodes can connect to it and network stay fast.

So basically even if your node is working perfectly fine, but it happens to be in such a spot that connections to every other node are simply bad, as in too far away, then it will get banned by all those others until there comes closer nodes with better connections nearby.

In addition to these, you could also be getting rewards too often, which indicates your node might have either forked itself away, or it might have connected with nodes that have forked away.

To rule this possibility out, you need to check your latest transaction HASH from your wallet and compare it with Telos Explorer. The address in this article is the one that was in the Master node guide, so if it is not working, keep checking from the Teloscoin forum for a new one’s address.

Notice when comparing the HASH, that Explorer might not be showing the newest block yet. At least some Explorers have been waiting for blocks to verify for a certain amount of times before actually displaying them, resulting in explorer showing for example 50 blocks behind, meaning that when you go and check your HASH, and you don’t find it, it doesn’t mean you are at wrong fork yet, it might just mean that Explorer isn’t showing that new blocks yet. Hence, either wait or compare some older blocks HASH.

Also, you can check the Block number and compare what is explorers’ newest block number to see if Explorer is behind in its showing or not.

Lucky Sevens, this time again, Tuesday, article title pretty much says what it contains saving me the explanation.

To get some tutorial about what those things in Bitdorado dashboard and staking pool mean, just read the article.

I actually myself finally learned something about that cryptobags option on Bitdorado. Been wondering about them all this time on how do they work, and this article explained at least a bit about it. Not that it really matters anymore since our dear old Grumpy Pascal announced already this morning that all the Cryptobags have already been bought.

Well, we who missed them, let’s hope there comes more in the future.

While waiting for that to happen, read the actual article from one of the sources below:

CRYPTOACID

PUBLISH0X

STEEMIT

MEDIUM

MINDS

And in Russia thanks to MOD Tybibounes translation:
VK.COM

Lucky Seven has lately consistently changed the release date of his articles, but he can’t escape the eyes of TELOSNEWS regardless of how hard he tries.

This article might be a bit useless to those of you who already have done AML-Now by having joined Bitdorado as an example, but it can be a real lifesaver to those who haven’t got that done yet, so keep this article in a safe place to show it to your friends who like to get their piece of, for example, Bitdorado.

Check this AML-Now tutorial from one of the following places:

CRYPTOACID
PUBLISH0X
STEEMIT
MEDIUM
MINDS