Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Forum related => Our Token => Topic started by: admin on February 08, 2024, 01:55:24 PM
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The current points system was based on the previous ALTS token, With the new ALTT, we slightly modified the points granted.
To be able to fully take advantage of the system, it is important to multiply the points granting by at least 10 if not a 100
Thus, there will be a planned hyper inflation event that will multiply the amount of points granted when posting by a factor of at least 10.
Afterwards there will be a continuous monthly inflation of points that would be between 5% and 100% per month.
The hyperinflation event and subsequent inflation will take place after the planned distribution that will happen after this post (within a month from this post).
Thus, i recommend, to withdraw your tokens if you have reached the points threshold.
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i recommend, to withdraw your tokens if you have reached the points threshold.
Please explain what this means exactly?
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i recommend, to withdraw your tokens if you have reached the points threshold.
Please explain what this means exactly?
details:
https://www.altcoinstalks.com/index.php?topic=163096.0
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There is a lot that is unclear here, I could ask xx questions.
But for example, the admin recommends that forum points be converted into ALTT tokens, aren't points needed for a rank upgrade? How does it affect?
What do current ALTT holders have to do if there will be some kind of denomination here, is there an automatic screenshot of the network or will there be a specific conversion process?
There is no indication here how much the ALTT token will be worth in points.
Afterwards there will be a continuous monthly inflation of points that would be between 5% and 100% per month.
It is completely unclear to me why this is happening and what to do next. (Yes I know, I just continue to be present on the forum) I'm trying to understand this game :D
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There is a lot that is unclear here, I could ask xx questions.
But for example, the admin recommends that forum points be converted into ALTT tokens, aren't points needed for a rank upgrade? How does it affect?
What do current ALTT holders have to do if there will be some kind of denomination here, is there an automatic screenshot of the network or will there be a specific conversion process?
There is no indication here how much the ALTT token will be worth in points.
Afterwards there will be a continuous monthly inflation of points that would be between 5% and 100% per month.
It is completely unclear to me why this is happening and what to do next. (Yes I know, I just continue to be present on the forum) I'm trying to understand this game :D
I thought that we can no longer convert our ALTT tokens to rank-up?
So I guess there are more questions right now and I do agree that it's confusing as some of us are just new here in terms of activity.
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There is a lot that is unclear here, I could ask xx questions.
But for example, the admin recommends that forum points be converted into ALTT tokens, aren't points needed for a rank upgrade? How does it affect?
What do current ALTT holders have to do if there will be some kind of denomination here, is there an automatic screenshot of the network or will there be a specific conversion process?
There is no indication here how much the ALTT token will be worth in points.
Afterwards there will be a continuous monthly inflation of points that would be between 5% and 100% per month.
It is completely unclear to me why this is happening and what to do next. (Yes I know, I just continue to be present on the forum) I'm trying to understand this game :D
hyperinflation event affects the points not the tokens.
points are not needed to rank up
all other factors decided on the day of distribution based on budget and withdrawals
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There is a lot that is unclear here, I could ask xx questions.
But for example, the admin recommends that forum points be converted into ALTT tokens, aren't points needed for a rank upgrade? How does it affect?
What do current ALTT holders have to do if there will be some kind of denomination here, is there an automatic screenshot of the network or will there be a specific conversion process?
There is no indication here how much the ALTT token will be worth in points.
Afterwards there will be a continuous monthly inflation of points that would be between 5% and 100% per month.
It is completely unclear to me why this is happening and what to do next. (Yes I know, I just continue to be present on the forum) I'm trying to understand this game :D
I thought that we can no longer convert our ALTT tokens to rank-up?
So I guess there are more questions right now and I do agree that it's confusing as some of us are just new here in terms of activity.
neither ALTT nor points were ever needed to rank up
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As I understand, the best option of counting will be this table, which most capaciously and clearly reflects the essence for counting:
(https://i.ibb.co/Qk6JKff/image.jpg) (https://ibb.co/JqzcsKK)
Quite a few tokens should be accumulated to get some meaningful amount of money. I don't think it's necessary to have any achievement. Although, I could be wrong about that.
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I am honestly trying to understand what this planned hyperinflation mean for the ALTT token and the forum points, is it that after the hyper inflation takes place, we will be getting way more ALTT tokens for each point we earn on the forum, or does it mean that the amount of token we will be getting for each point earned from the forum will be greatly reduced?.
Sorry if this question sounds or looks dumb, i am honestly trying to understand why the need for us to hurriedly convert our points to ALTT tokens before the hyper inflation takes place.
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I am honestly trying to understand what this planned hyperinflation mean for the ALTT token and the forum points, is it that after the hyper inflation takes place, we will be getting way more ALTT tokens for each point we earn on the forum, or does it mean that the amount of token we will be getting for each point earned from the forum will be greatly reduced?.
Sorry if this question sounds or looks dumb, i am honestly trying to understand why the need for us to hurriedly convert our points to ALTT tokens before the hyper inflation takes place.
inflation process concerns points only
points to token ratio is always decided just before distribution
thus the points inflation will not really affect the token, it's more for better point distribution process
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inflation process concerns points only
points to token ratio is always decided just before distribution
thus the points inflation will not really affect the token, it's more for better point distribution process
So basically your aim is to urge people to use their points laying there doing nothing and getting something in return. You are doing good. I had some questions but after reading the thread got answers to some. But still want to ask that if we don't apply for distribution, will our points be deducted for like 5% to 100%? And after applying for withdrawals they are not?
You are saying the old system was in ALTS and the current one is ALTT. So if we withdraw now we will get the reward in ALTT form. And the ratio will be decided at the time of distribution. Can you shed more light on the statement of "it is important to multiply the points granting by at least 10 if not a 100" I did not get this granting point you said.
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inflation process concerns points only
points to token ratio is always decided just before distribution
thus the points inflation will not really affect the token, it's more for better point distribution process
So basically your aim is to urge people to use their points laying there doing nothing and getting something in return. You are doing good. I had some questions but after reading the thread got answers to some. But still want to ask that if we don't apply for distribution, will our points be deducted for like 5% to 100%? And after applying for withdrawals they are not?
You are saying the old system was in ALTS and the current one is ALTT. So if we withdraw now we will get the reward in ALTT form. And the ratio will be decided at the time of distribution. Can you shed more light on the statement of "it is important to multiply the points granting by at least 10 if not a 100" I did not get this granting point you said.
in the coming weeks i will convert points to ALTT to those who requested the withdrawal, after that withdrawal a hyperinflation will take place on posting points, each post and reply will start giving much more points, but that mean also the value of points versus ALTT will drop, hence hyperinflation points wise
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in the coming weeks i will convert points to ALTT to those who requested the withdrawal, after that withdrawal a hyperinflation will take place on posting points, each post and reply will start giving much more points, but that mean also the value of points versus ALTT will drop, hence hyperinflation points wise
This means that those who did not request a withdrawal these times will receive a lower ALTT for their points next time? This means that the value of points for ALTT will decrease after each draw, right?
I also have a question: Why aren’t points withdrawn for everyone automatically without the need to submit a request? I mean why do we have to apply to convert our points to ALTT? Are there members who do not want to transfer their points?
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in the coming weeks i will convert points to ALTT to those who requested the withdrawal, after that withdrawal a hyperinflation will take place on posting points, each post and reply will start giving much more points, but that mean also the value of points versus ALTT will drop, hence hyperinflation points wise
This means that those who did not request a withdrawal these times will receive a lower ALTT for their points next time? This means that the value of points for ALTT will decrease after each draw, right?
I also have a question: Why aren’t points withdrawn for everyone automatically without the need to submit a request? I mean why do we have to apply to convert our points to ALTT? Are there members who do not want to transfer their points?
true
the withdrawal needs a human intervention, also needs wallet address , and last we don't want to send tokens without user knowing what they are and for what.
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in the coming weeks i will convert points to ALTT to those who requested the withdrawal, after that withdrawal a hyperinflation will take place on posting points, each post and reply will start giving much more points, but that mean also the value of points versus ALTT will drop, hence hyperinflation points wise
I understand how you are trying to clean some stuff regarding Altt and points system in the Forum but what are the things done to improve the Altt tokens.
(https://i.ibb.co/3dtwc6B/IMG-9048.jpg)
I have just look at the the smart contract of Altt token on Poocoinapp and the liquidity there is nothing to talk about. 2 bnb is what's left in the liquidity pool. Do you have any plan that will increase liquidity on the altt token? From the look of things, people only sell once they received their coins, no buyers and with this growth, I'm afraid it will remain parallel like this until something is done on the liquidity.
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in the coming weeks i will convert points to ALTT to those who requested the withdrawal, after that withdrawal a hyperinflation will take place on posting points, each post and reply will start giving much more points, but that mean also the value of points versus ALTT will drop, hence hyperinflation points wise
I understand how you are trying to clean some stuff regarding Altt and points system in the Forum but what are the things done to improve the Altt tokens.
(https://i.ibb.co/3dtwc6B/IMG-9048.jpg)
I have just look at the the smart contract of Altt token on Poocoinapp and the liquidity there is nothing to talk about. 2 bnb is what's left in the liquidity pool. Do you have any plan that will increase liquidity on the altt token? From the look of things, people only sell once they received their coins, no buyers and with this growth, I'm afraid it will remain parallel like this until something is done on the liquidity.
i have maybe talked about this before.
I frequently add liquidity (before/after distributions) to allow users that got ALTT tokens to swipe with bnb , so that they don't get the feeling they are getting a worthless token.
this token will be dumped every time it is distributed, that is the reality of bounty hunting (the majority of our users) ... my role is to make sure that enough liquidity is there when they dump
adding more liquidity can lead to either draining our treasury faster, or a game of pump and dump that does not benefit us long term.
thus, this token will grow the boring way, aka demand due to usability.
which is now increasing slowly.
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in the coming weeks i will convert points to ALTT to those who requested the withdrawal, after that withdrawal a hyperinflation will take place on posting points, each post and reply will start giving much more points, but that mean also the value of points versus ALTT will drop, hence hyperinflation points wise
Thanks for the reply, I think now I have my confusion sorted and I will apply for withdrawals and will also share this thread with my local community members so that they will not miss this opportunity. You are doing great but don't you think hyperinflation will be a bad choice I mean we will have a hell lot of points in our profile while as you said the value will be lower. I know more points do seem good like "Hey we have 2 million points" if in case one got that many points, but after withdrawing them and seeing the value, new members might disappoint.
You know better than me, it's just a silly thought of me that I thought I should share. I hope there must be a great reason behind this step (specifically behind the hyperinflation).
edit-> shared on local community (https://www.altcoinstalks.com/index.php?topic=317435.msg1494446#msg1494446)
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in the coming weeks i will convert points to ALTT to those who requested the withdrawal, after that withdrawal a hyperinflation will take place on posting points, each post and reply will start giving much more points, but that mean also the value of points versus ALTT will drop, hence hyperinflation points wise
Thanks for the reply, I think now I have my confusion sorted and I will apply for withdrawals and will also share this thread with my local community members so that they will not miss this opportunity. You are doing great but don't you think hyperinflation will be a bad choice I mean we will have a hell lot of points in our profile while as you said the value will be lower. I know more points do seem good like "Hey we have 2 million points" if in case one got that many points, but after withdrawing them and seeing the value, new members might disappoint.
You know better than me, it's just a silly thought of me that I thought I should share. I hope there must be a great reason behind this step (specifically behind the hyperinflation).
edit-> shared on local community (https://www.altcoinstalks.com/index.php?topic=317435.msg1494446#msg1494446)
currently the points distribution is limited,
new distribution would allow me to grant points on a words basis, which is much better approach.
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currently the points distribution is limited,
new distribution would allow me to grant points on a words basis, which is much better approach.
Would you say that for most newly teleported members this withdrawing of points dont have any significant meaning, and they can continue as usual?
I understand that you are trying to make more activity and circulation for ALTT tokens from points, and this is a good idea.
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admin, is there any change with the calculation of points, since it seems to me that the counters are stopped?
edit: ok, maybe I was in a hurry with this, but everything still works as usual. ;)
new edit: it seems that collecting points is stopped (at least from my side) and find this: https://www.altcoinstalks.com/index.php?topic=317216.0