AMA log (27 December 2019)


  • Global Moderator

    Weekly AMA with Zine Laabidine Rezig, CEO, founder, software architect and lead developer of 3DCoin / Project Districts, held on Friday 27 December 2019.

    This is a weekly AMA, so every week, every Friday, unless exceptional cases that will be communicated in advance, or unexpected events, an AMA will take place in our official international/english Telegram group.

    📋 Do not hesitate to participate in the next Friday's AMA, we are waiting for you! 📌
    👉 Telegram group: https://t.me/Project_Districts 🗨 👥


    ℹPlease note❗
    Some questions and answers could be selected and partly reworked and listed in different order or grouped by topic for editorial reasons and in general for better readability and usability, in short, an editorial cut is given but without the intention of distorting the meaning and the content.
    Of course, discussions between users that are allowed during the AMA (if they are related to the topics covered) are normally not included in the log. Only the users' questions to the CEO/LeadDev and his direct answers are shown in the log.
    Some questions are transversal to the various main topics so they have been grouped under a topic that has been considered suitable but could also be read in reference to other topics.
    For what concerns any upcoming / future partnerships, in some cases any anticipations discussed in the chat during the AMA that mentions possible names of other parties/entities (for example, other companies or exchanges) awaiting official announcements could be left out of the log as it is to be considered an informal discussion in chat and therefore could be deemed necessary to leave them to the informality of a chat. This is therefore established on a case by case basis for each AMA log.
    The main purpose of this log is to provide users with all the technical topics discussed in order to have any answers to technical and operational issues at hand, so the rest of the topics not strictly related to technical / operational questions may not find space in this log at the discretion of the content editor.
    Since the purpose of these logs that we publish is to provide users with a tool full of technical contents grouped for easy reading also outside the Telegram group, any questions that are too general (the classic "when a new exchange?" and similar questions) especially if also questions repeated in the previous AMAs or any digressions on topics not strictly related to the project are excluded from the logs to maintain a high technical profile of the same.
    However, the entire original AMA can be viewed in full, starting from the following message in the official Telegram group:
    https://t.me/Project_Districts/65944


    This AMA event has also been added to CoinMarketCal, Coindar and CoinsCalendar cryptocurrency calendars:
    https://coinmarketcal.com/en/event/weekly-ama-29317
    https://coindar.org/en/event/3dcoin-3dc-ama-on-telegram-25670
    https://coinscalendar.com/event/3dcoin-3dc-weekly-ama-14192


    As happened for the previous AMA, this time too during the previous days the users of the Telegram group had the chance to post their questions in advance, so a list of questions was prepared to be answered at the beginning of the AMA. Then of course further questions were asked live during the AMA.
    The AMA questions can also be collected before each AMA in other channels (for example in our topic on BitcoinTalk, in our official Discord, in the local Telegram group of the numerous and active Italian community and so on).
    The list of questions collected before the AMA is available at this direct link in our Telegram group:
    https://t.me/Project_Districts/65944

    🔵 Brief overview of the topics of this AMA 🔵

    A fairly short AMA as most of the doubts relating to the updates in progress (after the scheduled and successfull fork of the block 850k) have already been clarified in the previous weeks, so apart from some details on the timing of the release of the various updates and on the upcoming Primenodes there is no particular information that our users need in this phase. This is also the final AMA in December 2019 and the year-end AMA, this year 3DCoin Project Districts has introduced many innovations both on the development front, for example with its own first industry consensus protocol "Proof Of Sync" (POSync) based exclusively on nodes and with the v15 fork of the 850k block that will bring us many new features in the process of being released from the collateral increased to 25k 3DC but temporary and "unlockable" (a new concept for the masternode sector), to the tokenization of the ownership of the nodes (a kind of NFT, this too a new concept for the masternode sector) to second layer of specialized Primenodes and later to third layer of specialized Pulsenodes, but also many news and improvements on the front of communication, marketing and user support thanks to a more active presence on socials, weekly AMAs and the inauguration of the Discord channel, but also the presentation of the project to a wider audience thanks to the new listings on Crex24 exchange, Masternodes Online, CoinMarketCap and the most well-known "crypto rankings" sites and the most important "cryptocalendars" in addition to confirming its presence as Premium Buzz Backer on Masternode Buzz the main news headline of the masternode sector. All this in view of the great news that await us for 2020 with the wait for the release of the main features of the project, so we wish all our users, our 3DCoiners, a happy and wonderful new year and of course a year with 3DCoin Project Districts!


    🔷 AMA's Questions and answers 🔷


    Question:
    Whats the release schedule gonna look like?

    Answer:
    The phase 2 release will check and validate old 1k nodes to a permanent status and activate 25k stake for all nodes created after the 850k block.

    Question:
    When will the Primenodes get activated? And when is the switch to 25k?

    Answer:
    Primes will be activated at phase 3 update, we will update the network every 15 days until the v15 is fully completed with all the features.

    Question:
    What are the requirements for Primenodes?

    Answer:
    We will keep you updates about the Primes requirements when the test is completed.

    Question:
    When will the reward decrease?

    Answer:
    By April 2020.

    ℹNote: The question and the answer refer to the "yearly deflation -25%" in the block reward (which in the 3DC network is entirely up to the masternodes) established to compensate the masternodes operators for the rewards lost and for their efforts due to the some stucks occurred to the chain due to the introduction of the experimental protocol first industry "Proof Of Sync", therefore the 3DC network adopts only a 25% annual reduction in the block reward instead of a full "halving". The 3DCoin blockchain was launched in late March 2018, so the first annual 25% reward reduction took place in April 2019 and the next will take place in April 2020.

    Question:
    When do you think phase 2 will end?

    Answer:
    Around 875000 block.

    🔷 🔷 🔷 🔷 🔷 🔷 🔷 🔷 🔷 🔷 🔷 🔷


    📋 Do not hesitate to participate in the next Friday's AMA, we are waiting for you! 📌
    👉 Official international english speaking Telegram chat group: https://t.me/Project_Districts 🗨 👥

    ✔ You can stay updated 🔔 on 3DCoin / Project Districts events through our usual contact channels (e.g. Telegram, Discord, and Twitter as well) and now also via the 3DCoin page on CoinMarketCal.com cryptocalendar 📎 but also via the 3DCoin page on Coindar.org cryptocalendar 📎 and 3DCoin page on CoinsCalendar cryptocalendar 📎 (generally we try to add our AMAs and events in these three calendars whose staff are very quick to validate the new events, so even if you might not always find our events in these three sites keep an eye on these three crypto calendars anyway)
    👉 https://coinmarketcal.com/en/coin/3dcoin 📌
    👉 https://coindar.org/en/coin/3dcoin 📌
    👉 https://coinscalendar.com/coin/3dcoin-3dc 📌

    Furthermore we usually inform about our upcoming events also on our 3DCoin Facebook page and in our topic on BitcoinTalk.org Forum and of course we also inform of events here in our official 3DCTalk forum so as you can see you have many ways to stay up to date. Choose the one you prefer and keep in touch with 3DCoin Project Districts!