The swap ends May 1st on xsncoin.io. The POSW to XSN swap started on Livecoin and will complete via xsncoin.io. After swapping, Livecoin burns POSW to a burn address (txids exported here).
Dividends will be replaced with RSB (Revolving Stake Bonus). Check out this article for more info.
Yes, we have a confirmed list of bounties with a specified budget to be released very soon!
We are implementing IP security protocol, so each TPoS contract and Masternode needs 1 static IP address each - to prevent centralization. In order to run more than one, you can purchase a VPS through our partner - Evolution-host.com. Evolution host has added POSW (and XSN post swap) to its accepted forms of payment. When paying with POSW/XSN, use promo code 'XSN' for a 15% discount!
At the moment, we aren't planning on adding faucets back into the page, but it's a possibility in the future.
Coins on the ledger wallet do not stake, in the future you will be able to through TPoS (on the roadmap).
This is on our roadmap; however, we will likely not entertain the addition of coins below a certain 'popularity'.
We definitely see other coins using this feature, as it is revolutionary within crypto. However, if coins choose to do this they will have to fork off from our chain.
With the block chain being transparent and public by nature, authoritative figures, companies, and governments will eventually develop algorithms and means to analyze this data and develop profiles on users without them knowing. We see privacy playing a large factor in the future and want to make sure our users have the option to protect this privacy if they choose.
We are currently working with the Ledger team and have already sent them the codebase for review.
Besides the bounties, it will be very important for the community to reach out to merchants to accept XSN as payment. Building a strong merchant platform will propel XSN forward faster than anything else!
Once the desktop wallets are complete, we will focus on branching out to other potential platforms.
TPoS will gain attention from communities to convert their online holdings to XSN as they will be able to stake without making their assets “hot” and susceptible to hackings. We are also exploring an option for users to receive their interest gained in other forms of currency, while their main source of wealth stays safe and secure.
The technology we are implementing can be applied and disrupt a broad range of industries. TPoS essentially allows differing degrees of access to a given asset. In our case the owner of XSN will be able to allow 3rd parties to perform actions with their coins (staking) however they will be limited to this designated action and nothing else. This could apply to everything from the sharing economy to general security. If someone wants to rent an apartment the owner can allow the customer access into their front door but deny access to their bedroom door, allow access to drive a car but limit access to open the hood and tinker with the engine etc.
XSN originally addresses the issue of staking for nontechnical people with stakenet.io and accepting term deposits, membership, and selling other merchandise to support dividends to XSN holders. Stakenet, a new rebrand which focuses on technology improvements on the blockchain level, aims to improve the coin by introducing TPoS, which enables cold wallet staking, lightning network term deposits, and cross chain pos.
These tech improvements really push the boundaries of tech so that XSN will keep up with other coins technological improvements. Therefore, XSN will always stay relevant and be a storage of value.
The block reward in the first month will be 50 XSN, then reduced each month after by 5 XSN until it reaches its base level of 5 XSN each block.
It's beneficial to the owner because they don't have to leave their computer on 24/7 to stake their coins. It's beneficial for the merchant to have TPoS since they will be earning a commission for the TPoS contract.
If they don’t get swapped by May 1st on xsncoin.io, they will be effectively burned.
Yes, ledger will support XSN. We have a lifetime contract with them to support us, meaning, unless the contract is broken, the coin will be supported on their wallets.
We have implemented a treasury feature similar to PIVX where a 10% of the block rewards go into a fund that is used to pay for development. However, Stakenet is mainly a community project as it is also a place for the devs to stake their coins. Regardless of how large Stakenet becomes, we will always use the service to stake our coins - the community just makes it infinitely times better!
Trustless PoS essentially allows users to own a stake in XSN, and have merchants do the staking for them using their high-bandwidth continuous connectivity (to ensure maximal rewards distribution) while not having to share any spendable balance or private keys with the merchant. Your funds are yours and yours alone, and will safely and securely grow over time even while you sleep.
Trustless staking works with something called Triplet-based encryption. The basis behind this is that instead of just the private and public keys, we have introduced a third key the shared key. This allows the owner of XSN to communicate with the merchant, and have their coins stake on the network without the owner having access to their funds.
Absolutely! It also has other, tangible uses in the crypto space as well. Considering we have likely only scratched the surface of TPoS capability and use, it is very likely that some pretty special ideas will be generated in the near future.
No. At this point of time there are no plans to start it up again. Our focus is on the XSN platform.