[ANN] ⚡️RESQChain⚡️ - For when the Devs have left the building [POW][MN]

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LAUNCHED 10/08/2018 4PM GMT


RESQ Chain was born from seeing a multitude of Dev abandoned projects where communities were trying to take over to regain some value to their investments.

Dev abandoned projects are common occurrence in the blockchain space and can happen for multiple reasons (lack of funding, exit scams, personal issues or commitments). While a large majority of coins have no real use case, some of these coins have an underlying potential to succeed with the correct team and funding. RESQ aims to assist by providing funding viable, abandoned projects that show a strong community support in hope that the project can reach its true potential as well as return some value to initial project investors. This will be referred to as RESQ Revival.

In circumstances where projects have a strong community, but it is viewed that the project has nothing unique to offer, RESQ would approach the community with an offer for a coin swap to RESQ coin. This will be referred to as RESQ Swap.

RESQ Chain’s primary focus is to build and keep communities together to help them succeed, we believe that the value of blockchain technology is derived from the community that is willing to support it.

RESQ Chain will not try to recreate the wheel, and in any areas where there may be an overlap of strategy we will look at creating trusted partnerships with other blockchains.

Algorithm: x16s
Rewards: See Below
Block Time: 150 Seconds
Max Supply: 535 000 000
Masternode Tier 1: 300 000 coins
Pre-Mine: <5%
Founders Reward: 10
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Shared masternode services

Wallets and Masternode

Masternode setup script

Road Map
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At the moment, the platform has successfully produced a swap in test mode CIC coin, the first exchange using the Voting platform REEFcoin, is now produced by external swap for the CTSC community 🙂

Information currently platform RESQ Swap:
Coins Have Been Sent In For Swaps - 112140395.88817968
Coins Have Been Sent Out For Swaps - 8218449.63477370*

The CTSC external Swap is officially completed. Congratulations to the CTSC community for a successful revival!

Immediate plans: now there will be a short break, most likely during the next week the experience will be used to improve the work of the platforms. The standard schedule a vote. In RESQ Discord on channel #coin-nominations accepted proposals of new applicants for the Vote Platform. Perhaps, in parallel with the selection of the project for the standard exchange, External exchanges will also take place, as it was just with CTSC. So far, according to the statistics of choice, RECO is a likely winner for the next exchange.

RESQ Swap Platform current information:
Coins Have Been Sent In For Swaps - 115696503.81297879
Coins Have Been Sent Out For Swaps 9996503.59717331

Questions and discussion in RESQ Discord

On your requests on the channel #coin-nominations RESQ Discord we have added new nominees for RESQ Vote Platform: GUT, QUAR, RESS and SMK.
The new round of voting will end on December 7 at midnight GMT +0. The winner will be transferred to the RESQ Swap Platform.

Current statistics at the moment:
Block Count: 62760
POW Reward: 500 RESQ
MN Count: 151
Price Ticker
Crex24 Price: 0.00000019
MoonDEX Price: 0.00000019

Discord Announcements update:

It looks like a large number of MNs rejected block 63488 and ended up getting stuck. Please check your masternode and if it is stuck stop the daemon, remove the blocks, chainstate folders and peers.dat file and restart the daemon to get the chain synced to the correct height. Your MN will start correctly after this.

Congratulations to the community RESS with a victory on RESQ Vote platform! The RESQ Swap platform is ready to send for data exchange.

Due to the fact that RENT missed the last vote due to the External Swap CTSC, but was technically considered the first - RENT is also considered the winner!

Approximate time of data preparation for RESQ Swap platform data is 2 days. The exchange will be available for 5 days.

News, discussions and support on RESQ Dicord channel.

Attention. An alleged attempt to split the chain is observed.

Please check: https://poolexplorer.com/coin/4810 and make sure you are mining on a pool with the longest chain!

MoonDEX and CREX24 are both open, happy trading ☺

@thiscointime said in [ANN] ⚡️RESQChain⚡️ - For when the Devs have left the building [POW][MN]:

MoonDEX and CREX24 are both open, happy trading ☺
Attention. Exchange MoonDEX officially announced its closure,
we advise you to stop trading and withdraw funds in very near future.

1 january External Swap for the KYD community successfully completed.

RESQ team is transfers Swap of RENT (RECO) and RESS to the beginning of new week due to technical hitches with blockchain projects for Swap and their separate builds for Linux,also due to Christmas and New Year holidays, so that everyone is ready to work with the platform. We hope that the date will no longer move and RESQ Chain will continue to Swap in the schedule of the RESQ Vote

Information of the RESQ Swap platform at the moment:

Coins Have Been Sent In For Swaps - 118766055.47339530
Coins Have Been Sent Out For Swaps - 13066055.25758982

After a short break, we are happy to announce a successful test (during the KYD coin External Swap) of a new use case RESQ Chain - track exploits in the chain and perform the exchange for a new chain by blacklisting all addresses associated with the addresses involved in the exploit. We are pleased to report that we were able to remove most of the exploited coins that were not transferred to the new chain!

Also RESQ is now listsed on SubiDEX

At the moment, the process of Swap Rent Coin (RECO) for RESQ has begun.

Swap Platform - basic instruction for Rent Coin (RECO):

  • Register on the Swap platform website (swap.resqchain.org), then go to the control panel (Dashboard) and click on the [+ Add new pair] sign. Next, select RESQ Chain - general information about the current swaps will be available as well as their ratio (Ratio) and Commission (Fee), history and management (Manage) will also be available on the tab.

  • Select [+ Add] Rent coin (RECO) -> RESQ – create a new exchange pair. In the new window, click on the Swap Details button, you will see that the system has assigned you an address to send coins RECO (Deposit Address). Enter your RESQ address where you would like to receive the exchanged RESQ (Destination Address) coins. Be sure to enter the wallet address by COPYING, if you enter incorrectly, you will lose all your money! Send coins to the RECO address assigned to you by the system to start the swap process.

  • RECO wallets in the Swap system are checked every 24 hours for transactions and process any exchanges in the queue

  • If you have any questions or need help, please contact channel #tech-support RESQ Discord

The Swap ratio is RECO 5:2 RESQ. Exchange (Swap) Rent Coin (RECO) at RESQ will be available until 28.01.2019 00:00:00 UTC.

RECO wallet nodes:

RECO Swap completed successfully. Welcome to the RESQ Chain community!
The final information is available on the RESQ Swap platform

RECO Coins have been sent in for Swaps - 1292714
RESQ Coins have been sent out for Swaps - 517085

Questions and discussion in RESQ Discord channel.

Latest news: in next two weeks, we expect announcement of preparation for replacement of own chain with the transition to PoS mode, after will be announcement of the RESS Swap, as well as general information about the integration of the Voting and Swap platform into a single structure.

Updated list of Exchanges with RESQ and Shared masternode services.

Currently, block 106 699, transition to PoS is expected at block 110 000

Explorer: http://explorer.resqchain.org:3001

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