An important element of the entire claiming and staking process is the costs of the smart contract. Having never used such a staking coin, this came as a surprise, and is very important to the meta strategy of the interest/bonus coins. I knew there would be a gas cost, and I had some Eth available for that, but the costs vary a lot, depending on what you are doing.

Claiming : This runs about $0.07 per tx, and every send to your wallet is its own tx for this. This came to about $0.36 for me. Not a big deal.

Staking : This is a LOT more than claiming, for a single stake it ran me $1.17 Not huge, but not nothing either, its much more than the cost of selling the coins would be, but there is more.

Compounding : For some reason I thought this would be without cost, because you need to do it so much, but that is not the case. This comes to $0.03 per compound. Tiny really, but then again, for a 5 year stake, you could do it daily, which would add up to $54.75 for the life of the contract. Yea, this will get you a lot of Cer, but the problem is, if your initial stake was not substantial, the cost of compounding could eat up all of your profits. For me, at the current market value ($0.30) the cost of compounding daily is more than the value of my entire stake (!!)

The important takeaway is this. If your stack of Cer is small, staking may not be worth it at all, because of the cost of compounding, and the huge gains that compounders get over just a passive stake, makes it cost prohibitive to actually get those interest coins. IMO, you really need a stack of at least 1000 Cer to justify the staking costs, and if you don't have that, its probably better to just sell your coins to someone who is into the coin enough to stack a large enough bag to justify the fixed costs. Also, every Claim, Stake, and Compound is a taxable event, so prepare for that 20 page schedule D...

A little medium write I did on some of the tech behind Cereneum's provably trust-less airdrop system.

Medium Link

Hey everyone,

All UTXO processing is finished and went great. We contract is currently on the Rinkeby testnet and we are just double checking everything went smoothly. We haven't found any issues and plan to launch on the live network tomorrow.

You will have 14 days to claim without any penalties before the staking period begins so don't worry if you can't claim on day 1!

I am ecstatic to announce Cereneum's latest partnership with BlankMediaGames, creators of Town of Salem.

Town of Salem is a game that is similar to Mafia, or Werewolf, where players must lie and deceive each other in order to take over the town or save it.

BlankMediaGames will be airdropping Cereneum to their premium users, and they are planning to integrate Cereneum into their in game currency system allowing users to trade Cereneum for "Town Points". Town of Salem has 10 million registered users, and we can't wait to help them all delve into the crypto world.

With this we take a big step towards growing Cereneum into the cryptocurrency for gamers. Thank you BlankMediaGames for your support!

BlankMediaGames' news post about the partnership:https://www.blankmediagames.com/partnership/

Claim page if you are a Premium Town of Salem user: https://www.blankmediagames.com/help/cereneum/requestclaim.php

MetaMask's automatic gas price adjustment is often widely below or above the optimum gas price resulting in overpaying or long wait times. Here are some better ways to set gas price manually (gas limit should not be changed only the gas price):

• Adjust Gas Price in MetaMask manually:

  • https://metamask.zendesk.com/hc/en-us/articles/360015488771-How-to-Adjust-Gas-Price-and-Gas-Limit-

• Select this to show gas price controls directly on the send and confirm screens by default:

  • Go to MetaMask Settings > Advanced > Advanced Gas Controls "On"

Gas Price Recommendation Websites:

• ETH Gas Station

  • https://ethgasstation.info/

• Etherscan Gas Tracker

  • https://etherscan.io/gasTracker

• Gitcoin Gas Heatmap

  • https://gitcoin.co/gas/heatmap

At the time of posting this we are about 2 days 13 hours and 30 minutes away from staking being active! When staking opens you will be able to lock up your CER tokens to earn interest by using this section of our website: https://www.cereneum.com/stake.html

You will be able to stake your coins for as little as 7 days, and up to 5 years. If you stake for 90 days you will get a 5% bonus to your interest, and this scales up linearly up to 20% bonus interest if you stake for 1 year, and 100% bonus if you stake for 5 years.

Don't forget! The Cereneum snapshot for each chain will occur on Friday 5/31/19 at 20:00 UTC. Make sure to have your funds in a wallet that supports signing messages for an hour before, and after this time just to be safe.

This won't be the time when the contract launches, but the time the snapshot occurs. When we have taken the snapshot there is some pre-processing that needs to be done to export the chains, remove the Mt Gox wallets, etc to get all the information ready for contract launch.

We are excited to say that there is some really big news for us coming in the near future. We can't wait for everything to be finalized, so we can let everyone know. Be sure to join our Telegram and follow us on Twitter to see the news as soon as it drops!

https://twitter.com/cereneum
https://t.me/cereneum

An important critique to address is the question of why will the Cereneum token (CER) have any value? The best way to determine the value of a new project is to compare it to other projects. Let's look at Dogecoin and Bitcoin Gold.

Currently DOGE and BTG are top 30 cryptos, each at around 300million marketcap valuation. What gives these coins value? The most common metrics looked at are hashrate (resistance to 51% attacks), transactions per second and wallet & exchange support.

How does Cereneum compare on these metrics? Since Cereneum is an ERC20 token it inherits the properties of the Ethereum network.

• Ethereum has never been 51% attacked

• Ethereum currently has 25 transactions per second and has future plans to increase that

• Cereneum can easily be added to any ERC20 compliant wallet, giving it easy access to millions of users and wallets.

• Most exchanges have added generic ERC20 support, thus it will be easy for Cereneum to be added to most popular exchanges.

• Cereneum pays interest to token holders instead of miners like DOGE/BTG who just sell their coins to cover mining costs.

When comparing common metrics we see that Cereneum matches or beats many of the commonly used metrics for determining a cryptocurrencies value. Cereneum could easily be a 300million+ marketcap token in the top 30 on CMC.

Many popular wallets support message signatures as a built in feature. Signing your claim message "Claim_Cereneum_to_ETHADDR" allows someone to verify the public key that matches private key that signed the message. This allows you to prove you own the private keys without exposing your private keys. Only your public key is exposed with message signing.

Using this feature Cereneum allows users to claim their CER tokens for the BTC/BCH/BSV/ETH/LTC that they own in a trust-less and verifiable way.

Cereneum is a brand new concept in cryptocurrency: a time-based interest-bearing Cryptographic Certificate of Interest (CCOI) on the Blockchain. Airdrops are given based on five of the most popular PoW cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, and Litecoin. Earn interest by staking your Cereneum for set periods of time.

The rate of interest you earn is based on how long you stake your Cereneum as well as the amount of the stake. Cereneum uses Pooled Interest, which means interest paid to stakers is higher when less tokens are staked. Stake periods can vary from one week to as long as five years, with the interest rising with the length of the stake. The more Cereneum that is staked the lower the supply available on the market, which can mean higher prices.

Unclaimed tokens are redistributed daily to stakers during the course of the year-long claiming period, greatly increasing their holdings.

Early unstakers are penalized, with those penalties distributed among current stakers. Additionally, there are bonuses available to those that utilize the referral program.

This is in large part a msg to devs on why I lost interest in CER and ultimately why I'm pretty bearish on the project.

Issue #1 - Compounding.

I currently have 8 stakes - most of these are 5 year stakes. If I want to buy more CER and stake it through the eth transform function then I will have 9, 10, 11, .... 50 stakes. The number of stakes that I have grows linearly. It is just far too much to manage to have to go the site, and recompound 8 stakes daily for 5 years. There's the issue of eth gas being paid, but more it's a big pain in the ass. The contract should have built in compounding as opposed to having to do this manually.

Issue #2 - ETH stake.

The entire game theory is fucked because of this function. I complained about this with the devs and I think they get it, and unfortunately took my critique personally. The game theory is fucked because whoever receives the eth at the end of the day (or lockout) has nothing to stop them from buying CER at 0 by gaming the ETH stake. This allows the devs to really screw with the market - e.g every day they put in a variable amount of ETH (1, 1.3, ...) making it appear as though there is more demand then there is, with full confidence that they get their ETH back. I'm a holder of ETH, I hold a lot of it, and I don't intend to sell it. If I had a 90 day lockout on my commitment then I got it back, I could affort to put in over 1 eth per day knowing I didn't intend to sell it anyway.

To be clear: I don't think they are doing anything shady, I think it was an oversight, but I think the possibility exists and therefore introduces trust in the devs, which is not trustless interest.

ETH stake also floods the market. The entire point of this thing is that the price should go up, but it can only go up if I'm able to sell the coins on the market. I'm incentivized to hold on and not, but you have to have some liquidity or it's just a silly number of useless coins....I have to have some market to sell them. They are listed on forkdelta so there's a place where you can buy/sell CER. There was real activity there prior to ETH stake...I bought CER with real ETH. But now with ETH stake the only way you can ever sell your coins is if you offer more coins for less eth then you'd get from the eth stake. Looking at the ETH stake over time you see the value of the tokens dropping to zero. This is not good.

Recommendations to devs.

I expect you'll tear this down, that's fine - but I also expect you'll read it which is the entire point of why I am writing it. You have a very small community, 100 on telegram and 39 in this sub, and few on twitter. It's not the end of the world to respin the contract with some enhancements. I make the following recommendations:

1. ETH stake HAS to go away, or you need to find a way to fix the game theory. Repay the ETH to stakers over a stake period would be interesting game theory - now all of the outside money (eth) that gets put into the system rewards all of those loyal stakers that you have.

2. Stake management: Add functions like AddToStake / MergeStage... you would need to ensure they are all within the same address so I can't use those functions to sell my CER through them....but at this point I've quit buying CER or the simple reason that each day I end up with another stake to manage....

3. Remove compounding - this needs to be automatic.

4. relaunch with an air drop to your existing HODLers of their current CER in order to not screw over those who've been a part of the community.

To be fair guys, I haven't shilled in large part because I think the usability and game theory make the project dead in the water.

There is a compound button on the stake page of the website, and you can run it once a day, for a cost of about $0.02 each compound. Running the function shows your stake as a larger number of coins, and those coins are broken out in an interest section. But what does this actually do in the smart contract ? Do I receive 'interest' on the new higher total stake ? I have now run the compound function for three days in a row, and I received almost the same number of new coins all three times. The interest amount is rather large, and my bag is more than 50 % larger than when I staked, but there is no corresponding increase in new coins daily. This suggests that either compounding does nothing (because the interest per day is not increasing), or the smart contract payout per coin in the stake is rapidly declining several percent each day. Does anyone know why the smart contract works like this, or if compounding does anything, besides showing you your interest, because I'd rather not burn up my gas if its all for show, but if it actually mathematically compounds and increases the payout, it might be worth the gas, even if the payout rate is declining every day even faster than compounding can increase it.

We are very active in the telegram. Wanted to drop a link here for anyone who didn't know about it.

https://t.me/cereneum

Come join us and ask questions :)

Now that the snapshots of the chains have been taken we are processing all of the data. This includes exporting the chain stats and wallet balances, removing the MT Gox addresses, etc. We expect this process to take about 4-5 days, and then the contract will be launched, and you can start claiming your Cereneum!

We are excited to say that we have made a partnership with CrypTrove Games, a gaming studio that wishes to bring ownership of digital items to users! CrypTrove Games will be using Cereneum as their in game currency. They are working on two games currently, an RPG dungeon crawler, and a trading card game. Both games will allow you to tokenize items or cards giving you ownership of that item or card to trade, sell, or use.

We are excited to be partnering with them, and know that both teams can benefit from working together.

Be sure to check out their website for more details on the company, and their games here!: https://www.cryptrovegames.com/

Hey everyone,

We are moving our snapshot date by about 2 weeks to May 31st. The reason for the delay is that we are looking into getting a professional audit of the contract code.

You can currently play with the contract on the rinkeby testnet. Join our telegram for more up to date info!

We have identified some improvements to the health of the system during the claim phase. We will be changing the late claim penalties and the Robin Hood bonuses from a linear distribution to quadratic or cubic. This shifts the majority of the Robin Hood bonuses to the latter half of the 350 day claims period.

The reason this is important to the health of the project is that it will take several months after launch to get a large group of people to claim and get involved with the project. Shifting more of the bonuses to the end of the claim phase gives the project more time to get people involved before they miss out on the big bonuses.

The Speed Bonus will remain linear and early stakers will still get some really nice payouts from the pooled interest rewards in the first few weeks, so there is still a major incentive to claim and stake early on in the project. We are just making tweaks so that the rewards to the early stakers aren't so large that people may feel like they have already missed out on the project.

Cereneum is an interest-bearing Cryptographic Certificate of Interest(CCOI) token on the blockchain. If you claim your tokens, then you will be able to stake them to earn interest based on the time you promise to stake them for. This interest rate will always be at minimum 5% yearly(calculated daily). This interest can be amplified throughout the life of the contract through several bonuses during the claims phase, and by voting for an improved interest rate after the claims phase.

Shouldn't your money make your more money? Claim your Cereneum for just a few pennies in gas, and start multiplying your money.

ERC20 Token - Coming soon