Absolute Coin — About Us
At the Beginning
Where have we come from?
Absolute was originally launched on the 14th February 2018 and over a period of five weeks there was a large amount of activity surrounding it. In this time the development team built a core platform for the coin and started developing a large community. After five weeks the original development team left the project without explanation. Nobody within the community knows what happened to the original team or why they left. Community Takes Over
What did the community do next?
It became clear that without intervention, Absolute’s future would be in doubt. A number of community members took it upon themselves to take over the coin as a community project. CryptoCentric, [M]adagaga, Cryptoinvestor, Zurg and Kris were the main members involved with organising of the takeover. This took place on the 4th April 2018 and involved setting up a new domain, GitHub repository and a social media platform for the community.
How is the Community Organised?
The heart of the community is currently based around our Discord server which has a large following. We reward active members with ranks, meaning that activity in the community is recognised and gives new members an understanding of how the community is run. Big decisions on the future of Absolute are decided via Governance which is overseen by Sentinel, this system allows voting to be accessible if you run a Masternode on the network. Masternodes are accessible to members which hold over a certain amount of ABS as collateral.
Purpose and Vision
What is the purpose of Absolute?
Since the new development team have taken over we have developed a strong active community and released our first Litepaper. Absolute will be based around securing an advertising, promotions and event platform on the Blockchain. The Litepaper lays out the vision and purpose for Absolute. A copy of the Litepaper can be found here: https://info.absolutecoin.net/docs/Absolute-ABS-Litepaper-V1.1.pdf
How do you plan on furthering your adoption of a user-base, and giving them an incentive to invest?
The purpose of the coin being within the smart contract advertising industry means that the concept is new, exciting and allows the community to a receive a heathy reward structure based via the Proof of View network as well as the standard Mainnet Masternode Rewards. The PoV Nodes will allow additional ROI to be rewarded based on adoption of the system. As the system allows real world use with different types of PoV contracts, it’s possible we could use the system to attract new user by actually advertising the coin using its own features.
The Absolute Team
How many developers, and how’s the development process of the features? Current there are two developers working on the project, we are looking for more developers to join the team when this is viable and are a good fit for the project. The PoV network is currently being developed, which will go into testing later in 2018.
How many team members do you currently have, and what are their specific jobs? We currently have a range of community members which help out and advise when available. These include members that run other larger coins or are prominent within the Bitcointalk community which can help provide useful information and assistance when needed.
Current Challenges
In regards to your funds, and how much do you currently have?
We are currently funded by Governance and donations from the community only. Governance supplies 21,900 ABS per week, which we can use to fund specific areas of the coin based on community consensus. The largely untouched premine that was created by the original development team has been burnt. It produces a problem for us regarding only being reliant on Governance but this should get easier when further adoption of ABS begins.
What are the ongoing plans to market the coin on Bitcointalk/Social Media?
A signature campaign is a viable option and we have queued up the campaign ready for when we can budget for it in the correct way. We are looking for a social media manager to help run this side of the coin. Most of the major social media accounts are now setup and are ready to drive adoption.
What are your plans for furthering exchange support?
We have numerous members that are helping fund the coin regarding general maintenance. Unfortunately, the coin supply is too high at the moment which is affecting our community’s ability to maintain a sustainable price based on our current engagement.
Where are we regarding development of the Mainnet and PoV Network?
The Mainnet is currently active and has a large amount of Masternodes already engaged on the network. Further development of this chain will be limited until the PoV chain is tested and ready for integration. Currently the core basics of the PoV have been completed and it currently being configure to handle escrow handling which all PoV contracts will be based on.
Future Events and Goals
Where do you see Absolute in 1-year?
With a PoV network issuing rewards either to all PoV contract areas or at least the core basic areas controlled by QR codes. We are planning for a new wallet version based on QT that will look much better than the standard wallet set you see today. It will also have the interoperability to connect to the PoV network as well. Escrow services would also be enabled via the PoV system. Ideally a top 20 exchange regarding volume is another main goal and a larger community which we can engage to help support ABS where needed.
Have you verified any advertisers yet, if so, how many? If not, why?
No officially not yet, we would need a basis demonstration to be viable first before pushing for support and adoption of major advertising agencies. We have numerous contacts especially in London, so this would be a good base when we have to functional chain, even if it is in a limited form.
Links and Guides
Below is a list of links and guides that you will find useful if you are new to Absolute. If you have any questions regarding the coin, please feel free to come and say hello on Discord, Telegram or email us: contact@absolutecoin.net
Core links Social Media
Website: https://www.absolutecoin.net/
Wallets: https://github.com/absolute-community/absolute/releases/
Github Repo: https://github.com/absolute-community/absolute
Installation Wiki Github: https://github.com/absolute-community/absolute/wikiBCT Announcement Thread: https://bitcointalk.org/index.php?topic=4418859.0;topicseen
Explorer: https://explorer.absolutecoin.net/
Masternode Explorer: https://mninfo.absolutecoin.net/
Discord server: https://discord.gg/FhtgzY8
Twitter: https://twitter.com/Absolute_Crypto
Telegram: https://t.me/absolute_community
Reddit: https://www.reddit.com/r/absolutecoin
Forum: https://forum.absolutecoin.net/
Facebook: https://www.facebook.com/absolutecoin
Graviex: https://graviex.net/markets/absbtc
Instagram: https://www.instagram.com/absolutecoin/
Graviex: https://graviex.net/markets/absbtc
Stocks Exchange: https://stocks.exchange/trade/ABS/BTC
Start Exchange: https://start-ex.com
Masternodeonline — https://masternodeonline.com/
Masternodes.pro: https://masternodes.pro/stats/abs/statistics
Coin Gecko: https://www.coingecko.com/en/coins/absolute
Masternodes Online: https://www.masternodes.online/
Explorer: Live Coin Watch: https://www.livecoinwatch.com/price/AbsoluteCoin-ABS
Coinlib: https://coinlib.io/coin/ABS/Absolute+Coin
Mining Crypto-coinz Monitor: https://bit.ly/2w3TfUC Github
Media Pack: https://info.absolutecoin.net/docs/Absolute-MediaPack-V1.0.pdf
