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Everything posted by Sydno

  1. Hey everyone, I am very happy you spread the word and many people have started to participate! As a reminder, please make sure to include your username and ID in your submission. If you don't, your submission cannot be verified and you will not win. For day 3, the 50% discount was kept! But due to many of you participating, the discount was reduced to 30% for day 4. Furthermore, not everyone will be winning this time Due to the huge amount of contestants, I cannot point out what transaction exactly received the discount but I am keep records on an excel file where Admin will be able to check everything was handled properly. Also please note we make sure everyone gets a part of the cake so if you have won a lot already, there are chances you win less the remaining days. WINNERS DAY 3: iiiBruxiii 1100 xats Kyle 2400 xats LLLViLeNLLL 815 xats Loba 1225 xats TED1 1155 xats WINNERS DAY 4: Ciix 750 xats fromotherside 552 xats Hassan0202 942 xats iiiBruxiii 414 xats NenoMihajlovic 258 xats R3CUORERED 1604 xats TED1 1530 xats
  2. Hey! I am glad you are participating! Because over everyone else you were the first ones to participate, I have decided to increase the coupon from 20% to 50% for now! Nonetheless, all contestants from day 1 and 2 have been winning! Winners day 1: Luckycrypto 1485 xats iiiBruxiii 160 xats SENT Ciix 480 xats SENT R3CUORERED 185 xats SENT WwachrafwW 8635 xats SENT Winners day 2: iiiBruxiii 400 xats SENT Ciix 1100 xats SENT WwachrafwW 232 xats SENT I hope this is a good incentive for other forum users to come and trade! :D
  3. Hey everyone! The event will start in exactly 6 hours. To participate, go to xat.com/Trade and make trades (buy powers, sell powers, etc). Just before clicking "confirm trade", take a screenshot of the trade with date and time. Also add your ID to the post. Do not use multiple accounts to increase your chances of winning. If you try to cheat in any sort of way during the contest, you will be permanently removed from Trade contests. You can submit as many trade operations as you want every day! But you can only win once every day. For now, epic powers are not included in the contest.
  4. From September 13th to September 19th, Trade will host a special event for the End of Summer. The prize pool is currently set at 45,000 xats and may increase depending on your donations. This event will be special as it will feature coupons. Coupons will be percentages rewards based on your trades. The objective of the event is to reward active traders of Trade. What is a coupon? Every day, a few users will be randomly selected to receive a coupon. A coupon is a percentage reduction of your trade. For example, if you purchased a power at 400 xats and receive a 25% coupon, you will be given 100 xats. The percentage can fluctate every day between 10% and 50%. How to participate? It is very simply, between September 13th and September 19th, all you need to do is to post a screenshot of your trade operations (what was exchanged, at what cost and your ID). You can submit as many trades as you want every day but you can, if you are very lucky, only win once every day. Restrictions You must NOT use a secondary account to increase your chances of winning. If you screenshot a trade you made between yourself and a secondary account of yours, you will be removed from the contest. Unless specified otherwise, you must NOT submit trades of epic powers. If you have any question before the start of the event, then post a comment below! If you want to donate xats, then send me a private message. I hope to see many of you trading at xat/Trade for the end of summer!
  5. If it's free, you are the product. Would you rather be the product or accept to pay to get something in exchange? The software you are mentioning operating costs are widely covered by big investors that may later on ask for ROI (and possibly try to milk users a way or another). Mark my words, such a software will most likely puts ads or make you pay or sell your personal data whenever investors ask for cash back (no, nitro doesn't fully cover operating costs and no, it doesn't grant you that much of perks compared to xat powers). You cannot compare that to xat where there is no investor at all (ie no base money to work with to pay a dev team, etc). If I were you, I would rather be suspicious of all these nice free features from big new companies (who could have guessed youtube would get so many ads a few years ago? Or that Facebook would sell your personal data?) than of xat, that is actually quite transparent on how it makes money (powers, subscriptions) and that does make you pay for something if it has additional operating costs. Yes, it is less sexy, but it is far more realistic. ie you should lower your expectations, nothing is free, especially on the 21st century. TL;DR you cannot compare two completely opposed business models.
  6. Congratulations Lemona!
  7. This probably comes from different users but I do not understand how at the same time one could criticize xat for: - relying on users' help rather than on employees (making the website partly community-run) ; - not listening to the community. I would also like to mention that the forum community is actually not representative of all xat communities (simply because of the language barrier or general lack of interest into the forum or the official chats). A lot of new chat changes were suggested by the community and implemented. A decent amount of new powers were suggested by the community. When a change is brought up, it NEVER is set in stone forever and Admin are always willing to revisit decisions. I don't know many xat competitors that could say the same, and this is without mentioning the abyssal differences in fundings between other competitors and xat. Sky verified pawn is a new change and it was said multiple times it would be revisited if the pawn doesn't meet the expectations. xat Admin have indeed read most of the community (fair in some cases) criticisms but now is time to wait and see whether that works. One cannot reasonably expect a whole website to bend under their concerns even before a change is implemented, especially on a free-to-use service. I don't think it's a fair criticism to say xat doesn't listen just because a new pawn goes through a handful negative opinions. PS: Yes, there are other fair concerns in other forum threads related to a few powers issues but this thread is on the verified pawn (at worse, this changes nothing for you if it goes through).
  8. I really appreciate Bau's words regarding this criticism, although I understand where the criticism comes from. Anyone can always find a viewing angle where a decision or an idea is unfair but we shouldn't hold back ourselves because of past experiences. Because past volunteers (or smiley makers, developers, resellers, etc) did not have a chat feature, then none of these should ever have one? This does sound very restrictive and unfair for the website development. As for other xat contributors, you could hear me argue hours on how wiki translators are crucial for xat, or on how I believe chat managers are not always given the appreciation they should receive compared to contributors. You could also argue that owners of very popular chats are more impactful than the manager of a small chat. The thing is we are all important in different ways, and when it comes to this type of feature, a line must be drawn. Whatever line is drawn, you will always find room for criticism on why this group has it but not that other group, etc. Although I agree we should also find other ways to prevent scams, and although I agree we shouldn't rely on this type of incentive to help out, I must admit the line was well thought out. Please note this rather is a "verified" pawn, first anf foremost, meant to verify influencers that happen to be using xat and, on an Admin-discretionary basis, some volunteers (as in anyone who volunteer time to help, not as in ticket volunteer) and resellers. The wording is important to convey the right message. As far as I'm concerned, no volunteer (ticket, devs, smiley makers, etc.) has been secretly pushing for being verified as an influencer just to get a special pawn.
  9. For consistency reasons, it was suggested to create a separate feature for influencers rather than lowering the 'celebrity' pawn to a 'verified system'. This new feature is intended to be a verification system. Since TechRax and through the years, there was a dozen applications of users who definitely weren't celebrities but who could be considered influencers in their own area. Not all of them would get the influencer pawn but a handful one could have been granted it. We didn't need a pawn for some people aiming at volunteer for the fame or any other ingenuine reason. This aspect has decreased through the years, hopefully. I think the reasoning behind ticket volunteers, developers, smiley makers and xat *listed* resellers is to decrease impersonification and scamming. I am not sure how effective it will be. I personally have never been looking for it but I understand why this was brought up.
  10. Hello everyone, Today, Fair Trade Team has reviewed all of fair trade prices. Due to the important quantity and diversity of powers xat has, it appears some of the powers were not updated in a long time and it was time for us to review them all individually. To update powers with consistent prices, we came up with a few, yet important, principles: - Given xat current number of daily trades, we believe the volatility of prices has increased ; - Given last auctions, we believe unlimited powers prices are floored at around 50% of their store price. At the end, EveryPower price remains around at 488k - 527k but some changes may have strongly affected a few powers. Because of volatility changes, lower bracket has decreased on average and upper bracket has increased on average. If you notice any major inconsistency, please tell us. Overall, we are satisfied with the new changes and believe they better reflect the reality of trading. If you have any new suggestion regarding fair trade prices, please use the following google form: https://forms.gle/CVxptYv25jT9mf5g9 In any case, we will continue to watch epic powers closely and to monitor seasonal powers on a more regular basis, as well as powers that are collected by traders. Thank you for reading, and thanks to all the traders for making this important part of xat alive on a daily basis.
  11. Reselling is not encouraged by xat although xat does have a list of recommended resellers for users to avoid being scammed. Keep in mind you always do it at your own risks. I don't think a special pawn or indication is needed on chats for resellers. If they want to prove their faith, they can show the wiki article to their customers. Whether they can sell or buy on official chats is up to chat managers only. Regarding the volunteer indication on chat, I am personally against. It gives us too much attention than needed and will most likely not reduce the scams at all, for the following reasons: - If you dont know the wiki, you most likely have never seen a volunteer on chat and would probably not notice whether there is a "volunteer" indicator, so you would still believe the scammer. - Most of current scams are not users impersonating volunteers but mainly users impersonating xat staff or "official bots", in short something that wouldn't get the indicator if there was one. - Even if you are aware of everything, the indicator, the wiki list or whatsoever, scammers will always find a reason why they are not using the listed accounts (go undercover for privacy reasons). Chat indicators is just fancy stuff, including the black pawn. Last but not least, the crucial point is not who you talk to but where you talk. Sensitive issues should ALWAYS be handled on the ticket system, period. Regardless of who replies the ticket.
  12. First of all, I would like to thank everyone who participated, we have had a LOT of entries of good quality and it was hard to decide! It was sooo hard to decide that exceptionally, the prize pool was increased again and we have added a 6th place! Here are the final results: 1st - @RobFerrari- 10,000 xats 2nd - @Ethan - 6,000 xats 3rd - @Toxic - 3,500 xats 4nd - @Nathy - 2,250 xats 5th - @Aliss - 1,250 xats 6th - @Guinho - 750 xats
  13. Entries are locked. We will do our best to select the winners within a few days!
  14. Entries will be locked in approximately 30h! Be sure to enter before the deadline.
  15. Thanks to Dimple, 4th and 5th place were added. You still have 16 days to enter!
  16. Sydno

    xat bank

    Don't worry, this is where I come! I'm working in banking risks as a statistician, specialized in credit risks. First off, thank you for your idea. For a long time I was thinking of something similar but I never went ahead. I am therefore glad to help you improving your idea with more banking insights. Before anything, I would like to remind that implementing this idea on xat would be very hard technically and may never be high enough in a priority list for it to be added, but I do 100% support this idea. In the example you gave, I think the user needs to borrow 100,000 xats and not 50,000 xats. The reason is that if he agrees to block his gold power, he will not be able to sell it and miss another 50,000 xats to have enough for ruby. In other words, I suggest users cannot borrow more than what they currently have (loan to value aka LTV indicator). If you have 250,000 xats, you can only borrow up to 250,000 xats (for a total of 500,000 xats) with a 100% LTV. Therefore, if you only have gold and want ruby, you will not be able to borrow enough xats to buy ruby. I would also go beyond this and include interests in the LTV. Keeping the 20% interests and 50,000 xats example: if you borrow 50,000 xats and have an additional 10,000 xats to pay for interests, you must have up to 60,000 xats in your account. The reason for this is that if you do not include interests, users will accept to be removed the capital and find a way to never pay the interests. In xat terms, this can be implemented by adding a 60,000 xats reserve on the user account: their account value cannot go below 60,000 xats (capital + interests). The reserve will decrease each time a payment is issued (minus 7,500 xats per week in your example). Note that users who have powers cannot delete their account. If they have a reserve and thefore powers on their accounts, they will not be able to run away from paying by deleting their account. Regarding the interest rate, banks usually put higher IR for longer maturities. IR are usually expressed yearly (at least in my country). I suggest we put a unique interest rate and a maturity up to 3 months. The interest rate can be expressed monthly. For example, for a 1 month credit, it can be 5% of interest. For a 2 months credit, it will therefore be 10,25% and 15,76% for a 3 months credit (1.05 x 1.05 x 1.05). Once the total of amount due to date is computed, you can compute the weekly balance by dividing the total amount by the number of weeks. The idea is to use these credits for users to test powers at a lower cost without having to resell everything they have. To complement this idea, we could add possible moratoria: users don't pay anything for the first month but then either start to pay or cancel the credit and only pay the interests.
  17. Sydno

    xat bank

    Before I go in an in-depth analysis, I have a quick question. Is the guarantee amount computed with capital + interests or just capital? How do you define the interest rate? What's a consistent maturity for this type of lending? One week, one month, more? Or no maturity and the user keeps the lended power as long as he has money to cover the costs ?
  18. General Information: Help is hosting a background contest. There is no particular event involved but you are allowed to use a special theme in your background (eg Easter). Details and Guidelines: Both an inner background and outer background must be provided. A matching button color must be provided. Don't make colors too dark / too bright or hurtful to eyes. Background must be publicly posted in comments. Be creative, but if you don't make a themed background, try using blue colors mainly. Prize pool: The total prize pool is +22,000 xats thanks to the donators. 1st place: 10,000 xats 2nd place: 6,000 xats 3rd place: 3,000 xats 4th place: 2,000 xats 5th place: 1,000 xats Prize pool and number of winners may increase depending on donations. Judges: Abrahan, Austin, Crow, Lemona, Stif, Sydno Deadline: March 26th, 2pm CET (GMT+2) I will be holding the prize.
  19. With a day late, I have finally read all the letters. I am so glad you participated to the event and helped sharing some love up to Valentine's Day, because this is what Chat is all about, bringing communities together in a warmly and loving environnent. To share a little secret of mine many of you already know, I met my wife on xat, almost 10 years ago. This one of the reason why I feel I owe a lot to xat. I am glad to see I am not the only one for whom xat has actually changed real life. That being said, I was particularly moved by @Jev message, who therefore will get the 5,000 xats. That being said, we are all the winners for sharing love emotions ! And because Valentine's Day is over, doesn't mean Love is over :D
  20. Here are the results! 1st: @Fons 8,000 xats 2nd: @DonQuijote 5,000 xats 3rd: @RobFerrari 4,000 xats 4th: @Aliss 2,000 xats Everyone who participated will receive 500 xats! Thanks everyone, we have had a lot of great chat backgrounds! PM me on chats (Trade, Chat or Help) or on forum to set up a time for meeting to receive your prize.
  21. You posted at the very last second, Ethan, but you're on time! Entries are now closed and winners will be announced later today. All trade staff can help picking the winners. There is a dedicated thread in our private forum club.
  22. Sydno


    About that... What's the difference between xats and xatcoin...? You can already purchase xats on buy page, some people already resell it so you could argue it has a "real" value. By the way, xat money was initially called xat coin and coin was a dedicated chat link.
  23. The question or questions in this topic have been answered and an answer has been marked. This topic is now closed. If you have any other questions, please open a new topic.
  24. Visible on the bot does not mean they still exist on the account. Bot "screen" a user powers when they see them on a chat. If the user was blocked, or sold everything but never appeared in front of the bot, it will never update. Realistically, if the user left or was blocked, there's no chance a bot ever see them again. It isn't a xat issue or something to be fixed but rather shows that you shouldn't trust bots too much when collecting a power.
  25. Hello everyone! Valentine's day is coming very soon and I've decided to host a small contest just before it starts! You must write a love letter to your Chat valentine person! How to do so? Go to xat.com/Chat and pick a valentine. It can be ANYONE online on the Chat. Take a screenshot of their username/ID and keep the screenshot like a treasure. Then, write a love letter to your valentine and post it below with the screenshot! If you are not familiar with Chat, ask a good friend to go there and secretly take a screenshot of them! ;D Prize: 5,000 xats for the best love letter The prize may increase depending on donations or on the love letters we receive =) Deadline: Valentine's day 2pm GMT Time Judge(s): Sydno Prize holder: Sydno The purpose of this contest is to spread love at an international level during these rough times!!
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