• IaMaBeAsT

    EGEM September Update

    This September update is packed with a lot of news. Team EGEM has been extremely busy the past couple of months. Here are a list of the updates that the team has been working on

    • Two members attended the blockchain conference in Atlantic City in mid July.
    • Quarry Node testing is live and working
    • A meeting in person from a lot of the team to go over future Development of EGEM
    • Custom beta Explorer is live
    • Lots of development into the integrated subchain

    ATLANTIC CITY

    Team Members Osoese and TBates76 went to the Blockchain World Conference hosted in Harrah’s casino. Of the people attending EGEM was the only coin which was live. Having this already gave EGEM a leg up over other attendees. The feedback was incredible. It was in this conference where the term “integrated subchain” was created. Osoese along with TBates76 made many network connections to help promote the EtherGem name and brand. One of these connections even yielded a meeting in NYC with a potential ICO. The experience of that was invaluable and will be used in future endeavors.

    QUARRY NODE TESTING

    This is our custom system using discord as a base and to reward participants for hosting a node. We have successfully performed two sets of testing with these Quarry nodes and have received some good results. The current round of testing just opened back up. Since the system is utilizing discord you will need a discord account in order to sign up for a quarry node. This node system will help be the foundation for the sponsors that we discussed above. If you are interested in setting up a Quarry node please check out the guide here.

    TEAM Meeting

    alt text
    Most of the team was able to meet up the last week of July in person. This is something that is unique in the crypto world. Not very many teams make the effort to meet in person. We went over many topics that have been voiced by the community and were able to come up with a lot of great enhancements for EGEM. At the dinner table was a banker that Osoese has been talking with who interviewed the EGEM team with the hopes that a company he is affiliated with can set up FIAT to EGEM for anyone. Later that week this same banker met with Osoese again and introduced him to a private equity fund that was interested in what EGEM is working on and turns out he was an early investor in ATM technology. Osoese explained that we could probably put together an EGEM ATM with merchant services interface for merchants…and he was excited. This resulted in another scheduled meeting with the group. The intention is the financial services (licensed) company will handle the fiat to EGEM while the private equity fund will handle the ATM construction and deployment. This is the 4th meeting with the financial services and the 2nd meeting with the ATM group. It would be a fantastic industry partnership if it works out and they said after an agreement is struck they have no problem publicly advertising that they are using EGEM as the core transaction product (and our subchain coin which would mean any coin listed on our subchain DEX)

    The “banker” meeting details:

    Osoese met with the financial services company and they have agreed to work with us — and publicly promote — a relationship using EGEM and the coming Sapphire DEX for financial solutions. So initially this will include 3 ways to buy crypto with FIAT: wire transfer (yes international is great), ACH, and debit card using EGEM as a base currency. This will be a reputable relationship that is not some shady business, but a real brick and mortar financial services company that has retail locations and registered in the US banking community licensed even for securities. They know how to handle the volume and reporting to the federal government without issue (having been in a similar role at top 10 banks before branching out in this nature). We will advertise this relationship on TV and radio and have some type of a public launch party where we will take pictures. Obviously this is a third party provider of standard financial services using EGEM decentralized blockchain as a platform. However the liability and the implementation will be upon this company to facilitate — with an interface organization that protects EGEM.

    Custom beta Explorer:
    alt text
    http://beta-explorer.egem.io/

    Over the last couple of months Jal3inc has been hard a work on our own customer explorer. This explorer uses the in house API and is still in beta. The undertaking of this explorer was a pretty big task. The goal is to have this be a one stop shop for everything EGEM. You will notice that the rich list is live and will be updated every 24 hours. In the center of the screen you can see the tokens that will be on the chain. We also have an area that will list all pools at a glance. This will help promote distributed hash and display all our pools. The contracts tab will have Remix available inside the browser and we are planning to be able to have contracts visible as well. I would recommend you check out the site and also check out the API section. You can pull some great info and get tons of information through it.

    INTEGRATED SUBCHAIN

    We are in the process of developing Sapphire(SPHR) the subchain below EGEM. SPHR will have enhanced functionalities built on to the subchain that will extend to EGEM and ERC20 tokens on the EGEM chain. The initial benefit to SPHR is a DEX and it is dual mineable with EGEM(like mining with claymore for ETH and DCR). The plan is to release airdrop 2:1 SPHR to each EGEM in every wallet. Also due note that SPHR will be its own coin not not subservient to EGEM, but will be related with the quarry nodes. The Quarry nodes will get paid bonuses when coins list on the Sapphire DEX. Sapphire will create node enhancements that we are calling sponsors. In order to have the enhancement sponsors will have to stake some SPHR( current amount is not finalized). This enhancement will allow node owners to get paid in sapphire from mining rewards and fees generated by trades using the DEX.

    Updates from Osoese 9–6–2018 6:50 AM CST

    Just want to drop a quick note on the status of Sapphire. galimba, sehidcan, and jal3inc have been running multiple nodes across the globe with me every day or so and we test the chain mining, syncing, transfers of funds and orders. Every day we are adding tested functionality to the code base and then calling it up again. Most things have worked great out of the box. As with anything we have found a few glitches — but that is why we do unit testing. When we find these little issues, they get fixed and another test run to verify. Usually, the fix is the next module that was not present in the last tested version. The chain grows and is really fun to watch because of the multi-currency wallet, the fact that it also is pulling EGEM chain blocks into the sequence, and that we also wrote every piece of the code that is running in the EGEM labs. In fact the peer chain sync process (pulls the historical chain off other peers if a new peer comes in later) was added and not expected to work with multiple peers and at the time a party had left their node up from the previous nights testing. It actually worked multi peer before it was supposed to and we all smiled. So, I’m just tossing this update here so you know that fairly soon the base version will be up for a stable test net and we can add new miners and nodes to the mix for scaling. Don’t feel left out if you really wanted to help and haven’t been offered a chance yet. Testing a new chain involves a lit of controlled coordination or you have to change the code base to eliminate nodes that get left on from the previous round. In this case we have a little internal system that is working. When moon? I am not sure, friends, but I can tell you the integrated subchain DEX test net will be sooner than we thought.

    Then the “ATM guy” (I told him I call him that on the channels) and the financial services team are meeting with me on Friday to discuss the implementation plan. That is coming and will be a part of the DEX also (multi currency being a key part of that). I have some options on how to work this, but have a question. Previously I asked if a few people wanted ATMs or could market them and got positive replies from the business minded folks on here. Here is a 2nd question: what if we allowed an ICO type offering of a token that backed this and allowed everyone to participate in the ATM/Financial services plan? Would that be exciting or a bad idea? What would you want it to look like? If such a thing came together the tokens would have to be utility on the EGEM chain and would get the fees for the crypto side and the per ATM build out, most likely will hold some property. I have not veted this with the market attorneys for security purposes and this is not an offering. But, since most of you are heavy into EGEM and looking long it makes sense to partner with you, our biggest partner, in such a trustless way that the entire EGEM gets the benefit.

    There will be some capital needed to build out the first round of ATMs and get them into the stores. To register the company that interfaces with the Financial Services outfit on the crypto side. And probably some other activities which would be outlined further before anything goes forward. So, as I go into this meeting on Friday I’d like to know EGEM thoughts on if you want to participate in this or not before I strike a deal that does not allow this kind of thing (like the private equity paying for it and getting these rewards). This ICO would allow people like yourselves to buy crypto for cash and collect the fees back in your own pocket, while also collecting some kind of fee at every ATM ever deployed and would be a simple token on the EGEM chain. This will also help me scale without having to wear too many hats. Let me know your thoughts and every thought is okay even if you say bad idea.

    — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

    This concludes the September update. Please feel free to join us!

    Discord: https://discord.gg/39WGWRB

    Reddit: https://www.reddit.com/r/egem/

    Forum: https://forum.egem.io/

    Ann: https://bitcointalk.org/index.php?topic=3167940.0

    Telegram: EGEM Telegram @EGEM_Team

    Twitter: https://twitter.com/ETHERGEMCOIN

    posted in General Discussion read more
  • IaMaBeAsT

    Weekly update 6-21-2018
    Currently we are in era 0.

    Solstice: 5001–2,500,000

    Plans and goals for this era:

    1.Bring sidechain testnet online. In Progress
    2.Develop and deploy bots and contracts.Completed and ongoing
    3.Facilitate the creation of tokens and dapps.Completed and ongoing
    4.Build community and gather talent.Completed and ongoing
    5.Have a user input period to sense the direction we should take if ASIC’s become a rampant problem.Completed and ongoing
    6.Build our own custom block explorer and API endpoint. Explorer in testing and API completed
    7.OPAL desktop client application alpha out for testing and auditing.Completed and beta soon

    =================================================================

    First and foremost the team has been really hard at work. I mean check out the new landing page https://egem.io/! Love how the mouse can interact with the moving egem. This page was built with the idea to have the main information at a glance. From here you can quickly access the forum that has all the main information that was on the old site. We thought it would be best to put the discord link as a main point of contact. Most of the community is centered around discord.
    0_1529629314191_ethergem landing.PNG

    I know we have continued to mention when explorer? Well the explorer is actually completed and we are performing some finalized testing. We plan to roll out the explorer to our community devs to test here soon. As the explorer nears completion, we have started an alpha version of an IOS Wallet. The process is still in the works, but I can say that they have successfully made transactions from the wallet. Really exciting news, in that we have planned to have a wallet on all platforms. 0_1529629403633_egem phone.PNG

    Now for a quick update on the sidechain. The information I can share at this time is really limited, but I can say that it is going well. Work on consensus is progressing and mining connection tests (successful) are in progress. Each day is closer to a release on a testnet for everyone. This process is a timely one, we are making sure that the foundation is going to be strong enough to meet the expectations that everyone has for the sidechain.
    Let's talk about our ongoing bounty for Dapps. We recently had our 2nd submission Catsper with his dapp(https://forum.egem.io/topic/18/đapp-stake-token-standard/2). Please check it out and we are hoping to see more submissions as the time goes on. Just a reminder the bounty is giving away 10,000 EGEM for first, 5,000 EGEM for second, and 3,000 EGEM for 3rd. So far both submissions Catspers and Scibot(https://forum.egem.io/topic/6/dapp-gem-funders) have been great. Looking forward to seeing maybe a MUD or some game style Dapp soon.

    We end this weekly update with some great news on getting listed on an new exchange. MapleChange(https://maplechange.com/) is now the one stop shop to get all the great TRIFORCE coins(EGEM,DNR,XSH). I got a chance to talk with Flavius(a core dev for MapleChange) in discord and asked how would you describe MapleChange? He mentioned, “the main idea behind MapleChange is to emphasize the Canadian exchange aspect of it and its continuous growth. Also the fact we try to offer immediate customer service.” The support that we have received so far has been far above what I expected based on past exchanges that I have used.

    This concludes the Weekly Egem update.Please feel free to join us!

    Discord: https://discord.gg/39WGWRB
    Reddit: https://www.reddit.com/r/egem/
    forum: https://forum.egem.io/
    Ann: https://bitcointalk.org/index.php?topic=3167940.0
    Telegram: EGEM Telegram @EGEM_Team

    posted in General Discussion read more
  • IaMaBeAsT

    Now that is the type of work I AM TALKING ABOUT!!!

    posted in General Discussion read more
  • IaMaBeAsT

    Currently we are in era 0.

    Solstice: 5001–2,500,000

    Plans and goals for this era:

    1.Bring sidechain testnet online.
    2.Develop and deploy bots and contracts.
    3.Facilitate the creation of tokens and dapps.
    4.Build community and gather talent.
    5.Have a user input period to sense the direction we should take if ASIC’s become a rampant problem.
    6.Build our own custom block explorer and API endpoint.
    7.OPAL desktop client application alpha out for testing and auditing.

    =================================================================

    Since our last weekly update we have had a lot of activity in the community. The team has released an update on our discord bot, made tremendous progress on the explorer and last but not least some good progress on the sidechain. A big thanks to one of our discord members MiniBabyWhale#0378 for the great image that Mcafee tweeted out. We feel that the twitter contribution has garnered exposure to EGEM, overall we did gain some growth in the community and in the end some new members were able to jump on the EGEM train. This was just the start of some great new EGEM images. ɃuzzkillɃ has been making alot of new gifs and images. They will be posted in our github meta https://github.com/TeamEGEM/meta. The team uploads majority of the images for EGEM and they are available for use to our community.
    alt text
    Over the past couple of weeks the team has been hard at work on the explorer. I know that most people will say what is taking so long on the explorer, well we are completely creating something new. The explorer will be a one place stop for a lot of functionality on the EGEM blockchain. Currently I can say that contract creation within explorer and token sending has been extremely successful.

    0_1528596450502_Token-explorer.png

    Let's jump into the update on our community discord bot. We have updated the EGEM-bot. Our goal is to incorporate more mini games in the bot and get more user interaction. Right now the bot has two games that are currently live. You can interact with the bot and play a dice game with /roll and a number guessing game with /timetrial. Both games if you roll a high number or guess the number in the time frame you are rewarded with EGEM. The bot also sends Message of the day updates. This is only the start of the bot. Team EGEM also does make it rain occasionally with the bot. This sends out egem to everyone that is registered and online. The bot allows you to play the dice and timetrial game every 3 minutes. This is a great way to accumulate some EGEM for anyone in the community.
    0_1528596377513_bot-roll.PNG

    The sidechain is a completely original consensus program that will expand the peers on the EGEM chain by offering a dual mineable token (name yet to be released) and a new blockchain that is interwoven with the main chain in such a way that it complements and strengthens the original EGEM chain. This dual chain will offer unique capabilities to EGEM and tokens on the EGEM chain that increase functional capability and transaction time among other things. The project is based on an actual far reaching implementation that was launched in 2004 with a blockchain like structure (an algorithm) that worked at thousands of installation sites around the world on billions of dollars in assets. We have had some internal discussions are leaning toward a possible masternode/staking like capability. This is all currently in the think tank and nothing is finalized on this at the time. I can say that EGEM hodlers will be airdropped a proportionate amount of the sidechain token on launch.

    This concludes the Weekly Egem update.Please feel free to join us!

    Discord: https://discord.gg/39WGWRB
    Reddit: https://www.reddit.com/r/egem/
    forum: https://forum.egem.io/
    Ann: https://bitcointalk.org/index.php?topic=3167940.0
    Telegram: EGEM Telegram @EGEM_Team

    posted in General Discussion read more
  • IaMaBeAsT

    Currently we are in era 0.

    Solstice: 5001–2,500,000

    Plans and goals for this era:

    1.Bring sidechain testnet online.
    2.Develop and deploy bots and contracts.
    3.Facilitate the creation of tokens and dapps.
    4.Build community and gather talent.
    5.Have a user input period to sense the direction we should take if ASIC’s become a rampant problem.
    6.Build our own custom block explorer and API endpoint.
    7.OPAL desktop client application alpha out for testing and auditing.

    =================================================================

    This past week has been a busy one for the team. As we noted in the last weekly update we released the alpha version of the Opal wallet. The release went off with a great success. We have had some great feedback from the community on adding some features. The team has already started working on revision for beta. This leads directly into some discussion on the sidechain. Team EGEM is working through a proof of concept prototype. Which will focus on the consensus and genesis hash testing for integration into a future beta wallet revision. All this is in anticipation of the upcoming testnet.

    Next up we have had some great updates on the new explorer coming out and are happy to announce that we have our own version of remix working! Remix is a web browser based IDE that allows you to write solidity smart contracts, then deploy and run the smart contract. If you would like more information please check out https://theethereum.wiki/w/index.php/Remix. The goal of our new explorer is to help be the one place to check out anything and everything on the EGEM blockchain. It will be the hub in our spoke of the EGEM highway.

    0_1527732564518_explorer-remix.png

    This new forum is going to be a main area for content update and any big announcements from Team EGEM. It is built upon NodeBB and currently i feel like this will be a great area for the community members everywhere to touch base and ask the team any questions or concerns. With that said we have our first DAPP submission and posted on the new forum. Please check out https://forum.egem.io/topic/6/dapp-gem-funders. A big shout out to @scibot. We are look forward to more DAPPS! If you are curious on the active DAPP bounty please check out https://forum.egem.io/topic/4/10k-contest.

    This concludes the weekly update.

    Please feel free to join any of the EGEM communities mentioned below

    Discord: https://discord.gg/39WGWRB
    Reddit: https://www.reddit.com/r/egem/
    forum: https://forum.egem.io/
    Ann: https://bitcointalk.org/index.php?topic=3167940.0
    Telegram: EGEM Telegram @EGEM_Team

    posted in Announcements read more