Attention Steem Holders: Did the VICE snapshot of the steem blockchain just happen?
It sure looks like it did, at least according to the VICE Whitepaper.
If my reading of the VICE Whitepaper is correct, it looks like the VICE snapshot of the steem blockchain was scheduled to take place at block 18,500. (typo of 18,500,000?)
"Upon the token’s launch, 400,000,000 (10%) of the genesis tokens will be air dropped to Steem holders of block number 18,500 on the Steem Blockchain."
(Source: https://vicetoken.com/static/Vice_Industry_Token_Whitepaper.pdf)
We are currently on block 18,600,000.
(Source: https://steemd.com/)
Which means the snapshot happened within the last couple hours if that is indeed a typo.
Cool! What's a snapshot and how does that benefit me?
If you are not familiar with what I mean by "snapshot", basically it just means that the data will be recorded at that point in time and later coins will be airdropped according to the ownership at that time. The time of the snapshot.
I'll give an example of what I am talking about below.
According to the Whitepaper it looks like 400,000,000 million VICE coins will be airdropped on steem owners as of their holdings from a few hours ago.
If you take 400,000,000 and divide it by the current number of steem in circulation, (roughly 263 million), you get roughly 1.52 VICE coins per steem coin.
Which means you can take your steem total and multiple it by 1.52 to see how many vice coins you will receive when they are airdropped.
Using my total as an example, we can see that I would receive 1.52 x 116,000 (my steem power), which would be equal to 176,320 VICE coins.
Cool! How much value is that?
Well, the ICO is pricing VICE coins at $.05 per coin, so to get the total value received based on the ICO price we would just take that 176,320 number and multiple it by $.05.
Which would be equal to $8,816.
Not too shabby for a free dividend!
However, often the ICO price differs significantly from what the coin actually trades for when it goes out into the market place.
What happens if instead of trading for $.05, it trades for $.10 or $.30 or $1.00?
You can do that math from there to see what your air dropped coins might be worth. ;)
It will be up to you to decide whether you want to hold these coins when you receive them to speculate on future price incrases or liquid it them right away to realize your profits.
Either way, congrats on your free money!
Stay informed my friends.
For more information on VICE, read their Whitepaper here:
https://vicetoken.com/static/Vice_Industry_Token_Whitepaper.pdf
Follow me: @jrcornel
I'd say that's some good news right there.
Question: how does one collect their portion?
Do you have to have a VICE wallet, or does it become part of our Steem account? Email notification? You don't know? Read the whitepaper? Lol.
Thanks for sharing the news! :)
That I do not know. I would imagine it will be similar to what happened with bitcoin and bitcoin cash. Where exactly you collect it if you hold all your steem in your steem wallet on steemit though, I do not know.
Right. I did read the whitepaper (quickly). It doesn't say anything about how (or when) the airdrop will occur.
I'll post about it or at least send you a .oo1 sbd message if I come across any info.
Thank you. I will do a post about it when I find out as well.
i mean do i need to hold steem power ?or steem dollars ? to get this airdrop ?
It should be for any steem owners. (Steem power is also steem so that would count as well). SBD probaby not
Just be careful using your Steem keys on any unknown website or app...
I think this will help: Chang your password on steemit first after any share drop (then any other share drops like golos that have the old password) then make a claim. It is better if you can claim using the active key and don't have to use your master password or owner key..
One more thing: never delete a private key
Good advice. Just changed mine.
Were Steemians had a share of the Airdropped Golos tokens or are you just giving an example?
We were, yes. Only accounts before a certain date with a certain minimum Steem Power however.
Your account has some.
https://golos.io/@urbanoid/transfers
Ha! Thanks to this, I just found out I have a little Golos.
how do I check if I have some golos or some freebies? and how can withdraw if I do have some?
Your account is too new. However, you could check by visiting http://golos.io/@carwilva . If you had some Golos you'd see an account page there.
yes I guess I don't , my act is like 5 4 months , thanks for the info anyways cheers
Hey Demo, do you know what the cut off actually was? Like "the July" account creation date probably?
Edit. Shudang... I did not benefit haha...
First time I heard of this and tried to check mine. Some figures there but I guess no use to me. Cannot figure out the Cyrillic script. LOL.
Yes, that is great advice!
Very good advice. Thanks for the warning.
and by be careful you mean
DO NOT DO IT!
Unfortunately we’re on block 18,500,000; not 18,500. With 3 second block times the snapshot was of Steem about 15 hours after the chain launched and is rewarding only founders.
I was disappointed by this, as well as the fact that Vice is starting its own chain and not an SMT.
To be fair, I do harbor the hope that it is a typo in the Vice white paper. 18,500,000 does correspond in time very well to the beginnings of their token launch - which may be no coincidence.
(Sorry if I’m replying a bit oddly, I’ll admit I did jump in here for visibility of the info!😬)
I thought typo the entire time. Has Ned or any of the other founders commented on this at all?
I’ve never seen any official mention or commentary. I’m hoping typo, but it does make sense if it is meant to target Steem founders. We’ll see!
Yes I could see it making sense either way. Though, it would be a major bummer if that is "all" steem got out of a deal that will ultimately birth a competitor...
Oh man. Talk about missing the vital stats in the excitement. It says it right there in the whitepaper too. It's not a typo on the article here. It does seem like a hard typo to make. Big difference in zeros.
Block 18500 was way back in March 2016 before the paper was written, so that makes no sense.
Those are my thoughts as well.
We can hold out a little hope! Vice lists their pre-sale as starting tomorrow, so it seems logical that the Steem snapshot could have been envisioned to take place just before that. And for those used to blockchains like bitcoin, 18 million blocks may seem crazy and account for a white paper typo!
However it is likely that when Vice changed their strategy from an SMT to their own chain, they may have scored some extra tech support and consulting from Steemit Inc. with free shares aimed right at the founders. We’ll see!
I would like to know this as well.
Me too, how do you get your hands on these.
I was going to read their whitepaper.
until I discovered that I had to DOWNLOAD IT! to do so.
nope..
what if it's NASTY?
It does refer to some nasty things, but nothing nasty per se. Lol.
They say: if your not sure what to do, just hold...
Interesting. Would be good to know how one goes about claiming their tokens. Thanks for the info.
Does this VICE comin to us has anything to do with a recent 100+% spike in STEEM price?
What do you think?
Let me hear your thoughts & considerations...
I think there is a good chance that is part of the reason for the recent price increase. Though, I don't think it was the only reason. Daily active users have doubled in the past month, now over 45k per day. That has to account for some of the move.
good stats, i am wondering how we actually get the vice coins?
I think so.
😁😎😁. Seems to me your block reference is off by Billions. Steem founders appear to be getting 100% of the airdrop. Holders at block 18,500; not 18,500,000
I think you mean millions ;) But yes, it is certainly possible that was not a typo, and the block reference was for block 18,500 (not 18.5 million), exactly as written. We will know for sure in the next few months.
By the way, give @ironbrian a look, he might have some stuff you'd be interested in ;)
When will this be implemented into he paltform ? I have to do more research on this matter
Great news for those who been in steemit a long time.
It's a porn site. I'm not excited about this direction. Steemit already has enough seediness. Even though this new venture promises good things for the economy, I remain cautious, at what cost.
I'm new to crypto; and, will definitely be mindful to not get carried away by hype.
Peace.
It really has nothing to do with steem or steemit going forward. Just a one time air drop to current steem holders.
Geez, a STEEM bonus of sorts...I heard mention of this a few weeks ago. It will be interesting to see if it comes to fruition.
Peace.
An automated distribution mechanism, based on, or much like SMT?
It is a fork of the code. Unfortunately it's likely to be a competitor to steem going forward. That is what we get with open sourced. At least we get the air drop though should VICE ever make it big.
From the reviews, VICE could be a thorn in STEEM's side.
A lot of the serious investors have already said, should this happen it's going to be a quick sell for other up and coming cryptos.
Peace.
Interesting outlook.
What if, it drove the price of STEEM to $100, then how do you feel?
Just to consider, we have to solve any porn issues in this community regardless of any financial considerations, and many other facets of this to consider.
Lack of censorship has been a huge driving force for STEEM thus far..
Creating our own reflection of living, was always our intention. And sex is a part of that, to the extent we can manage it in a healthy way.
This would be a mega blessing. The reality is that while we are in the world, we should not be of the world. (John 17: 14-15)
Porn is indeed a huge part of this decentralized platform. While I don't like porn; I love the decentralization concept, and the respect Steemit requires to protect the under-aged, and uninterested with use of the NSFW tag.
Good point! As adults, we have free choice on what we welcome into our being; with an awareness of the good and bad consequences they present.
Peace.
Like it or not, porn has been the driving force in advancing video technology, including internet streaming. Some 30% of internet traffic is estimated to be porn. If decentralized blockchains are the future of the internet, this sort of thing is going to be a big deal.
As others have pointed out, this isn't so much a reflection of Steem as a copy with some different features and goals which could compete with some current uses of Steemit. If you don't like the seedy side of Steemit, this could actually be good news, as users may prefer to post that stuff on VICE.
@scottyeager As we know, there's nothing new under the sun. Porn has been around long before it had the name.
Porn is a billion-dollar industry. Beyond prayer, and sharing the truth about it's destructive force as warranted, I don't concern myself with it. One has to stay reminded that God gives everyone FREE WILL. The wise person weighs the consequences.
Thankfully, Steemit has the NSFW tags to prevent it being a factor for bloggers. Prayers for those who are addicts that they yield not to temptation.
Peace.
Thanks for posting. I'll certainly do my research on this moving forward. Question @jrcornel... Has this has happened before? I would be curious to know if there is some outstanding shares of another token floating around out there for steem holders. Do you know anything about that?
As I noted in some above comments, I don’t believe this sharedrop will affect many Steemians. The referenced block occurred on day 1 of the Steem chain.
The only other sharedrop I know of was the launch of Golos. Steem accounts at the time it launched had an equivalent account created automatically.
Thanks for clarifying. Golos doesn't appeal to me. ^.^
Enjoyed the read. Thank you!
Thanx, I didn't know anything about sharedrop!
This is the thing where Steem gets popular enough that the good news just doesn't stop rolling in. Feels like we're just warming up, even though our price is at an all time high.
I wasn't planning on investing in any non-Steem coins right now... but I mean, an airdrop, may as well hang on to some free tokens! Love this.