How do I sign up?
1. Go to alpha.valueinstrument.org
2. Enter your name at the bottom of the page
3. Click or press “Join”
I lost my unique phrase.
1. Go to valueinstrument.org/contact
2. Write us a message including the name you chose when joining
What can I do with this Alpha Version?
In this alpha test, we have coded the conceptual idea of the Value Instrument into an “online banking app”, that works in any browser. In the cryptocurrency-world this is also known as a “web wallet”.
The main functionality of this alpha is, that you receive Value on a regular basis and that you can use this value as you wish and transfer it to other members in the community.
What do I get !?
You will receive 8 Value per day, each payout has a validity of 120 days.
Think about it for a moment: That means that at some point you will receive 8, but burn 8 at the same time.
How does the chat work in this version?
Remember, this alpha resembles more of an online-banking app, than a chat app.
Currently, the chat functionality is limited to sending messages to all members in the community channel. It is currently not possible to send private messages between members.
We will setup a Telegram Group and a Discord Chat Server for full chat interaction.
We are debating how far our chat functionality should go, given the available apps and software.
How do I send value to others?
Use “send”, “pay” or “+” at the start of your message to trigger a transaction. Followed by one or several amounts and then one or several recipients.
You can “send 15 to mary” or “send mary 15”.
You can also add numbers by entering “send 15 5 20 to mary”. This results in 40 being send to Mary.
You can enter several recipients also, such as “send 15 to peter and mary”. Now 15 will be transferred to each, Mary and Peter.
Shortest way to send
The shortest way to send Value is to enter “+15 mary”. or “+15 5 20 mary peter”
Include a Reference
You can specify e.g. “for guitar lessons” at the very end of the message to include a reference.
How do I find people to exchange Value with?
We will setup a Telegram Group and a Discord Chat Server, that give us many tools to interact and create products or services.
It is possible to post an offer into the community channel of the alpha app too.
What is this purple circle?
The purple circle is a visualisation of the days your current amount of Value is going to be valid.
Since you always get new Value, in reality this can never go below a certain time frame.
If you rarely or never use your Value, your account will just swing back to a basic amount and timeframe and remain there indefinitely.
What does “Spendable” and “On Chain” mean?
Because of the transaction fee, which protects the network from users doing ping-pong-transactions, the balance you have according to the blockchain is different from the balance you are able to spend.
What you are able to spend depends on three factors:
1. Your stored “On Chain” balance
2. The time passed since your account was last active
3. The amount you burned by being inactive
All of the above is considered in the moment you wish to make a transfer. Sound complicated, but it is not really.
The app calculates the “Spendable” amount automatically for you. It updates every 5 min.
This is a virtual calculation and it does NOT write anything into the blockchain, essentially asking “what would happen to the On Chain balance, if something was transferred right now”.
We have integrated a nice overview over all transactions you received and made, just like a bank account.
You find it under “My Account – > History”
Other pages displayed in the alpha app.
We are working on bringing content to the app’s pages.
Work in progress…
How to delete your account.
You can delete your account and name you used when joining, simply by entering “nukeme” into the message field and send.