Team meeting summary from the 26th of June 2017:Subjects:1: Lock/Vault forkAfter testing the changes on a private network for 7 days, we came to the conclusion we're not going to rush and roll out this update yet. The vault system works, but our core developer needs more time to make this a flawless system. This is expected to be rolled our after summer. (holidays coming up)
We also discussed the rates that will be active after the fork.
PoW rewards will be lowered to 0.75 MAR per block.
Regular PoS rewards (no lock/vault) will be lowered to 0.5 MAR per block
Locked/Vault PoS rewards will be raised to 25% of staking input (example: 10000 MAR locked = 2500 MAR reward after 12 weeks)
12 weeks reward examples
Old rewards:
~2000 MAR each day through PoW = 168000 MAR
~1500 MAR each day through PoS = 126000 MAR
Total : 294000 MAR
New rewards:
We'll take an example where everyone has their funds locked, and 100% off all coins (900000 MAR) are staking (This is kind of impossible though, but it will do for example purposes)
~1000 MAR each day through PoW = 84000 MAR
25% stake of all coins = 225000 MAR
Total: 309000 MAR
As you can see the total difference is minimal, but the difference in rewards for loyal holders/stakers is massive!
2: ExplorerWe are not happy with the Iquidus explorer. It crashes often without a good reason(Mongodb
). We're going to look for 1 or two alternative explorers.
3: PromotionsThis was a subject that kept us going for a while. We decided to play in on the social media community by creating our own video instructions on how to grow marijuana, use marijuanacoin, and testing/taste experiments. We'll start with this in the following weeks with a "How to for beginners" on growing marijuana, and using marijuanacoin itself. If anyone here has good video editing skills, and wants to help out, please contact us!
4: ExchangesCryptopia is a great exchange, and they've been really great to list MAR. However, we do feel we need more users, and most importantly more volume to really live up to the potential this project has to offer. We decided to submit listing requests on Yobit and Bittrex. More information on that when we receive a reply.
5: Roadmap changesOur roadmap was called a "development proposal" for a reason. It was likely to change after a couple of weeks working on the project. In order for us to get listed on some high volume exchanges, it is in our best effort to drop the shop and marketplace for now. Let's just say it is quickly misunderstood what's legal or not for exchanges and the laws they operate in. Instead we're going to focus on a flawless and easy to integrate payment terminal for merchants. Our final roadmap changes will be announced later this week.
Kind of in the same boat here. Would like to see more frequent updates.
Have some faith please.
What have we done so far in ~5 weeks:
-Takeover and revive an almost dead coin
-Explorer
-Webplatform, including wallet
-Wallet update with new alert and checkpoint keys and some other minor changes
-Started with video tut's
-Working behind the scenes on things of our development proposal
-Planned out a new fork/reward structure which is currently being tested
Don't forget we do not have a development fund or a premine. We work on this project because we like Marijuana and crypto. We're not getting paid for this. Yes, we have coins, but they are not for sale at this price level lol.
We read things of community members who want to help when we release more things, but hardly anyone has done anything when we released our platform, and later on a wallet update. We've got the same type of reactions after these important releases. Only one person donated so far, and one or two have been acting on their own to promote MAR. We cheer on these kind of initiatives! It would have been nice if everyone on that donation list in the previous thread kept their promise, but we did not expect anyone to do so tbh.
So yeah, we work on our own pace, for basically free. This is all fine by us. We knew it would be a tough battle to make something of this project again. But the facts are not lying, just look at the markets!
If you would like faster and more action, all I can say is: JOIN OUR TEAM!
