RE: A new feature on GRCpool.com?

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A new feature on GRCpool.com?

in gridcoin •  7 years ago  (edited)

I agree with dutch to exercise caution, which should be done for any new ICO anyway. The pool will be distributing SPARC based on magnitude much like GRC does. I have traded several emails with the dev and it has been positive. However, this week, pool 1 and 3 are short on SPARC as they didn't receive them this week during the transfer from SPARC site (but did last week). I don't have an explanation from the dev for this yet. For the reason's dutch explained, withdrawal of SPARC isn't available from the pool yet. This is because it has no value and I would burn ETH gas sending it out. I have considered using GRC as a fee to withdraw, but would like to see SPARC progress a little further before doing so. If you want your SPARC immediately we could work something out, so just let me know. I am not trying to dis their project, but this week it looks like their white paper and twitter links are no longer working...

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Thanks for the response @bgb. I'm heeding @dutch's advice and waiting to see what happens. I can't get hold of the whitepaper at all. The site gives me a 404 page not found error which is worrying. I think your decision to wait and see before distributing is a good one. No point spending gas or GRC on a withdrawal until we know what's what. I'm happy to let it accumulate while we see what happens. I assume it will just build up until you decide on a distribution plan or I request it paid out?