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[ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
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Author Topic: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE  (Read 5933 times)

elements

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Project Rescue

Project Rescue is an attempt to help people that hold “nearly dead” coins to exchange them with another crypto-coin that is new and more promising. It is a new change for profit or to balance the loss and help our community (ELEMS) to grow. In order for newcomers to understand what is project rescue we will define first the concepts nxt and monetary system.


What it NXT
Nxt is an open source cryptocurrency platform. It is using POS (proof-of-stake) to provide a consensus for transactions. A wide range of financial applications and services can be build around Nxt and define its flexibility. Nxt has an integrated asset-exchange, messaging system and marketplace. After the latest hardfork (block 330000) Nxt platform also allow the creation of new currencies within the system called Monetary System.


Benefits of Monetary System
The Monetary System (MS) allows users to launch new currencies, securing them with the Nxt blockchain using the second-generation cryptocurrency’s established network, rather than requiring that developers create a coin from scratch and bootstrap it with its own network. The ultimate value of the coin is determined by the market, depending on adoption and demand, and by the parameters set by the issuer. [more info here]


What is Minting
The issuer of an MS coin can choose between different features. MS Currencies can be also mined by proof-of-work algorithms (SHA-256, SHA-3, Scrypt and keccak), whilst still being secured by Nxt’s proof-of-stake algorithm. This procedure called “minting”. MS coins are a new service and there is plenty space for development. There are no GPU or ASIC versions of miners and all the algorithms at the moment are CPU mintable. Everyone can be early adopter again and contribute in the evolution of a new community in the crypto world.


What is ELEMS
Elements (ELEMS) is the first MS coin using Scrypt Algorithm and the first MS coin  that people start minting. ELEMS have no initial distribution (pre-mining). We believe in fair distribution. At the moment there is no GPU miner. Everyone can use his computer to mint some ELEMS. We want to build a great community and add value to our coin. You can check updates and our future plans here. Also ELEMS team help beginners experiment with minting by sent them some Nxt to start with. For this promotional offer check again here.


What is Project Rescue
The previous year a lot of altcoins try to became a big player in crypto-world. Not all of them were lucky enough. A lot of scam coins harm the community and leave behind people that lost money and hopes, holding no useful coins with no real value. We want to give the chance to some of them to migrate to our community and help us grow bigger and stronger. Elements team will use some of our coins in exchange of nearly "dead" coins. This will give a second chance to people that hold coins with no hope for a new value increase.


Details of Project Rescue
Following the steps 1-20 in this tutorial: https://docs.google.com/document/d/1_QdcrY1q6_n9J3NOcyoczGqELIeCy6S6zNG2Cj22bj8/edit?pli=1
you will end up with a working Nxt account. You need to share your account ID with Elements Team (using a pm). We will discuss the exchange rate. We will sent you ELEMS and you will sent us your coins. You can buy or sell more ELEMS in the build-in decentralized exchange that Nxt offer. And you can also mine (mint) more ELEMS following the remaining steps in the tutorial above.


All the wallet accounts with the collected funds will be public.


Update 1: 1st chosen coin: OptimumCoin
Exchange your OptimumCoins with ELEMS.
More info and exchange rate: https://nxtforum.org/index.php?topic=7740.msg152462#msg152462

Update 2: 2nd chosen coin: DarkPeer (DPC)
Exchange your DarkPeer coins with ELEMS.
More info and exchange rate: https://nxtforum.org/index.php?topic=7740.msg152662#msg152662



« Last Edit: January 18, 2015, 11:14:28 am by elements »
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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

elements

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Re: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
« Reply #1 on: January 17, 2015, 12:53:37 pm »

1st Coin selected for Project Rescue is : Optimum Coin

Announce thread: https://bitcointalk.org/index.php?topic=856814.0
Reason: Dev is missing
Exchange rate: 1000 OPTI for 1 ELEMS

OPTI wallet account: oTu62CZm718TxmiRJiqWmwGKK2vQAeS1P5

Please sent us a pm before sent us your coins.
« Last Edit: January 18, 2015, 02:51:59 pm by elements »
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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

Djinou94

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Re: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
« Reply #2 on: January 17, 2015, 01:47:03 pm »

Good idea dev
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lucky88888

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Re: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
« Reply #3 on: January 17, 2015, 01:51:45 pm »

Good idea, but how do the bagholders think about it? if they agree to migrate, it would be really great.
Did you make any post on the btt?

btw GPU miners are available now.
https://nxtforum.org/monetary-system-153/nxtmint-java-minter/
« Last Edit: January 17, 2015, 02:01:49 pm by lucky88888 »
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elements

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Re: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
« Reply #4 on: January 17, 2015, 03:12:05 pm »

Good idea, but how do the bagholders think about it? if they agree to migrate, it would be really great.
Did you make any post on the btt?

btw GPU miners are available now.
https://nxtforum.org/monetary-system-153/nxtmint-java-minter/

Not ready yet for scrypt coins:

Nice work. Much fun.

With r290x it is cutting trough EGOLD like butter. 35-40 MH/s with a little tweaking and cpu mining aswell around 60  MH/s :D Intensity 14 is limit for me... further bluescreen ^^

Sat Jan 17 14:32:23 CET 2015 Units: 20.0 Hashes: 1110 MH
Sat Jan 17 14:32:29 CET 2015 Units: 20.0 Hashes: 227 MH
Sat Jan 17 14:39:05 CET 2015 Units: 20.0 Hashes: 15952 MH
Sat Jan 17 14:41:13 CET 2015 Units: 20.0 Hashes: 5160 MH
Sat Jan 17 14:45:08 CET 2015 Units: 20.0 Hashes: 9473 MH
Sat Jan 17 14:45:33 CET 2015 Units: 20.0 Hashes: 1029 MH
Great!  Guess I need to work on a GPU version for Scrypt coins since you are going to corner the EGOLD market :)
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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

OrgiOrg

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Re: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
« Reply #5 on: January 17, 2015, 04:13:53 pm »

good idea!!!

my suggestion: NAS Coin (https://bitcointalk.org/index.php?topic=523187.0)- a fork of NXT
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elements

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Re: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
« Reply #6 on: January 18, 2015, 02:49:59 am »

good idea!!!

my suggestion: NAS Coin (https://bitcointalk.org/index.php?topic=523187.0)- a fork of NXT

Thank you for the suggestion, we will look at it :)
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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

elements

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Re: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
« Reply #7 on: January 18, 2015, 03:00:31 am »

We have some interested holders of Optimum to exchange some of their coins into ELEMS but the wallet is not syncing correctly and we need to wait...
We will try with a second coin. In this case the blockexplorer is still live so it is easier to execute and track the transactions.

2nd Coin selected for Project Rescue is : DarkPeer (DPC)

Announce thread: https://bitcointalk.org/index.php?topic=795749.0
Reason: No update from the Dev
Exchange rate: 20000 DPC for 1 ELEMS

DPC wallet account: xr18XXDUgXQZRdSd29JteaPDiZSo4siLzBkQL6sGvX9DwRtWnUNkmJE4ACChB3rQZY8UkgCGMv7VQnPt5XSR9AKmbziv4aVGijyfSD

Please sent us a pm before sent us your coins.
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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

elements

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Re: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
« Reply #8 on: January 18, 2015, 02:51:02 pm »

2 ELEMS sent to NXT-X3V8-ESD7-89UP-DP33Y in exchange of 2000 Optimum coins.  Unfortunately the block explorer is stuck in a previous date. A screenshot of the wallet:



For our second Project Rescue coin the explorer is in a working condition so we will have no issues!
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ELEMS - 1st Mintable Scrypt Coin - NO INITIAL SUPPLY - FAIR DISTIBUTION

Start minting here: https://nxtforum.org/index.php?topic=7400.0

Djinou94

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Re: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
« Reply #9 on: January 19, 2015, 01:42:04 am »

What are you doing with all these shit dead coins dev?
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cryptoventurefund

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Re: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
« Reply #10 on: January 20, 2015, 07:45:22 am »

What are you doing with all these shit dead coins dev?

Bringing bitcoiners to nxt, creating value and setting a good name for us nxters for giving scammed people another chance
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Ludom

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Re: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
« Reply #11 on: January 20, 2015, 08:30:22 pm »

I really like the Project Rescue, it's important to recruit new users for the Nxt platform.

But ELEMS is not premined, How could you have enough ELEMS for the project Rescue?

Did you mint them? Did you ask for donations?
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boniggy

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Re: [ANN] - Project Rescue - Exchange dead coins with ELEMS - NOW LIVE
« Reply #12 on: January 22, 2015, 07:54:03 pm »

How about a suggestion on a coin. HonorCoin XHC. It was initially created as a "on my honorcoin" by the dev that promised the world then dumped it after he dumped the ipo. Another dev picked it up and changed the algo from x11 to x13 and everything was good, coins were exchanged out @ Polo/Trex until the Dev got his feeling hurt on the forum. Once that happened, he jumped ship and deleted EVERYthing having to do with the coin.

So... i put together a website (openxhc (dot) com), twitter & Facebook page. We still have a forum thread that occasionally people check out, but for the most part its hurting/dead. I did manage to get the source from a polo dev, so i at least have that going for us.

So what say you :)

If you're interested, email me or PM me here.

Thanks!
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