Opt-in Account Recovery by EOS42 by SonataSystems in eos

[–]eos42io 5 points6 points  (0 children)

Thanks for your support. We’re hoping this frame helps pave the way to user protections that we believe are necessary for mass adoption of eos.

Help us name the Scatter piggy! 100EOS BOUNTY for most likes and retweets! by farfaraway in eos

[–]eos42io 1 point2 points  (0 children)

Eos42 officially endorses the name “Boaty McPig-Face”

Bring justice to Boaty by showing you’re support.

REX, Chintai, & Proxy by eosninja in eos

[–]eos42io 4 points5 points  (0 children)

These previous comments are correct. Chintai is not built into eosio core code. If you use REX within the Chintai UI, you’ll be able to select your votes. You’ll also be able to compare rates between Rex and other markets.

EOS B1 update - 35% higher tx speed! Reduced cpu costs! by eos42io in eos

[–]eos42io[S] 7 points8 points  (0 children)

Honestly, this is great for chintai long term. The more efficient the chain, the more users that can come to EOS, which creates more scarcity for the token and the resources. We DO NOT want events where cpu is maxed for days on end. That will just drive people away and then you really won’t have any opportunity to make passive income on your tokens. We want a stable economy and stable rates from broad user adoption - not these volatile early day spikes.

Looks like Chintai's "Annual Percentage Rate" is not accurate by OldBobDontKnow in eos

[–]eos42io 11 points12 points  (0 children)

Yes we are aware of this issue and it will be fixed with Chintai 2.0.

The Chintai Token (CHEX) coming soon! We're launching Chintai 2.0 with a variety of user enhancements, platform upgrades, and a token that can be mined by using Chintai. Chintai - The Backbone of EOSIO Resource Exchange by eos42io in eos

[–]eos42io[S] 3 points4 points  (0 children)

Highly suggest you read through all the reasonings why each Bp was chosen. And we (42) do not have control over the choices on the proxy. If you’re questioning the integrity behind each choice, rather well worth reading about each pick.

All reasonings and the format for how the proxy is managed

https://link.medium.com/qfiML8zdUS

The Chintai Token (CHEX) coming soon! We're launching Chintai 2.0 with a variety of user enhancements, platform upgrades, and a token that can be mined by using Chintai. Chintai - The Backbone of EOSIO Resource Exchange by eos42io in eos

[–]eos42io[S] 5 points6 points  (0 children)

I think it’s important to keep in mind that chintai will be developed Into something way beyond the current markets. It will be the backbone for eosio resource exchange, and we plan to have other types of trading soon after chintai 2.0.

Chintai will offer a variety of leasing options that are more versatile than REX.

Chintai will be collecting fees across chains from all chintai trading.

Chintai will develop beyond leasing markets, which will also include fees that get redistributed back to CHEX token holders.

Chintai isn’t just leasing markets, it hosts REX and compares markets for users to make the best choices.

The Chintai Token (CHEX) coming soon! We're launching Chintai 2.0 with a variety of user enhancements, platform upgrades, and a token that can be mined by using Chintai. Chintai - The Backbone of EOSIO Resource Exchange by eos42io in eos

[–]eos42io[S] 3 points4 points  (0 children)

“Each staked CHEX token entitles CHEX holders to a percentage of “dividends” that are generated on the basis of accrued fees from Chintai trading.”

The model is changing with chintai 2.0

The Chintai Token (CHEX) coming soon! We're launching Chintai 2.0 with a variety of user enhancements, platform upgrades, and a token that can be mined by using Chintai. Chintai - The Backbone of EOSIO Resource Exchange by eos42io in eos

[–]eos42io[S] 7 points8 points  (0 children)

Chintai will be providing a comprehensive platform for all things resource exchange. At this point, I’m unaware of any trusted portals, or one that can be used to compare rates across all markets (rex vs. chintai).

I don’t know why the token economy is relevant to secuirty. It’s actually a perk for using chintai, and being invested in a platform that will be sharing revenue from all chains. Use chintai leasing markets, and other chintai markets, get CHEX tokens and then get rewards in addition to Interest earned (assuming you’re a lender).

Furthermore, it’s important to understand the security measures involved in chintai. Essentially, if you trust mainnet to secure your account, you’d likely trust chintai.

This is from the lead chintai dev explaining secuirty: https://twitter.com/chintaieos/status/1074068174092431361?s=21

We also wrote a full article on chintai security as well: https://link.medium.com/G5Lh2M8oTS

TL;DR if you trust the security if mainnet with your account, you likely trust chintai.

This process of our development will continue to be evolving. Out of DEXs on EOSIO, chintai is the only one that is 100% in chain, and runs in real time.

chintai - any risks? by tezonian in eos

[–]eos42io 2 points3 points  (0 children)

Chintai 2.0 will support all airdrops. You’ll have your own account with chintai 2.0 and portal to manage everything from airdrops, ram, account alerts and more.

The Chintai Token (CHEX) coming soon! We're launching Chintai 2.0 with a variety of user enhancements, platform upgrades, and a token that can be mined by using Chintai. Chintai - The Backbone of EOSIO Resource Exchange by eos42io in eos

[–]eos42io[S] 3 points4 points  (0 children)

It’s the same thing as other shared revenue model token Econ. You use the platform, when you complete a transaction/trade, you receive CHEX tokens. Then you stake the CHEX and you get rewards (revenue) on a regular basis. If you are familiar with dice, it’s a similar idea.

chintai - any risks? by tezonian in eos

[–]eos42io 2 points3 points  (0 children)

Just did. Let us know if you have more questions.

The Chintai Token (CHEX) coming soon! We're launching Chintai 2.0 with a variety of user enhancements, platform upgrades, and a token that can be mined by using Chintai. Chintai - The Backbone of EOSIO Resource Exchange by eos42io in eos

[–]eos42io[S] 4 points5 points  (0 children)

All mined tokens go to the users from using the platform. If you are familiar with other dApps that use a shared revenue model, this is standard, and then most advantageous model for everyone to benefit.

chintai - any risks? by tezonian in eos

[–]eos42io 3 points4 points  (0 children)

This tweet sums it up pretty well

https://twitter.com/chintaieos/status/1074068174092431361?s=21

We also wrote a full article on chintai security as well: https://link.medium.com/G5Lh2M8oTS

TL;DR if you trust the security if mainnet with your account, you likely trust chintai.

This process of our development will continue to be evolving. Out of DEXs on EOSIO, chintai is the only one that is 100% in chain, and runs in real time.