elective-stereophonic
elective-stereophonic
[ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
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Latest Stable Nxt Client: Nxt 1.12.2

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Author Topic: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦  (Read 6956 times)

jahras

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Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
« Reply #20 on: February 11, 2015, 10:06:58 am »

You need to run the nxtclient. Theres a link at the top of the page. Use the instructions in the readme file contained in the zip.
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LamaGanja

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Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
« Reply #21 on: February 11, 2015, 10:10:48 am »

thanks got it, but what is confusing for me, one minted URANM took me 1 NXT?
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Daedelus

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Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
« Reply #22 on: February 11, 2015, 11:16:34 am »

thanks got it, but what is confusing for me, one minted URANM took me 1 NXT?

Each mint is a transaction with the blockchain so a fee has to be paid (1Nxt).

You have to mint more than 1 at a time for it to stand a chance of being profitable. Changes units parameter to something higher, you will need to do a profitability calc. It will cost 1 Nxt to sell too so that has to be factored in.
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NXT: NXT-4CS7-S4N5-PTH5-A8R2Q

LamaGanja

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Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
« Reply #23 on: February 11, 2015, 11:55:29 am »

But when i set more number then one in unitsPerMint parameter it is not minted and it writes "code 4 message "nxt.NxtException$NotValidException: Cannot mint more than 1/1000
0 of the total units supply in a single request"
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mthcl

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Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
« Reply #24 on: February 11, 2015, 12:21:55 pm »

But when i set more number then one in unitsPerMint parameter it is not minted and it writes "code 4 message "nxt.NxtException$NotValidException: Cannot mint more than 1/1000
0 of the total units supply in a single request"
I think for URANM the max value of unitsPerMint parameter is 174 (or 175?), since the total supply is 1,750,000
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Helios_V

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Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
« Reply #25 on: February 15, 2015, 06:10:32 pm »

When will another buy wall come up?
Why is the limit 175?
Is the rate actually 0.01?
Just did some quick math. If 175 is mint limit, then that means 100 goes to waste to pay for the lost NXT in the TX fee, but you have a .75 profit. This is if the price of URANM remains at 0.01.

Sorry of these seem like few newbie questions.

Just got started with this monetary thing. Absolutely amazing how fast NXT develops.
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Daedelus

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Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
« Reply #26 on: February 16, 2015, 02:05:31 pm »

Is there a market in URANM?
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NXT: NXT-4CS7-S4N5-PTH5-A8R2Q

Helios_V

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Re: [ANN] ✦Uranium - URANM | Keccak25 | Rare | Fast POW | Bounty✦
« Reply #27 on: February 16, 2015, 06:28:51 pm »

Is there a market in URANM?

Its extremely small, almost non-existent. I believe the creator tried to set up a few buy walls.
EGOLD has been rocking the monetary system but something has to be done about URANM's lack of market activity. :-[
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