A brief overview of what we said and what we did…

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What was proposed:
No Gate Keeping

What was done:
No gate keeping, however, there are blacklists as a safety feature
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What was proposed:
Project will be based on Ethereum assuming that prices will be lower in the future

What was done:
Ethereum price went up, project will remain as an interface to Ethereum, while the initial solution will be centralized.
In the future, the centralized approach will slowly start shifting toward becoming decentralized
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What was proposed:
The project must not rely on the community or voting

What was done:
The project does not rely on the community or voting. The users will not form communities but something even more interesting!
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What was proposed:
Project must be independent of the external behaviours, and token has to be mined

What was done:
Token is mined by staking, we have created the forever-lasting presale mechanism
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What was proposed:
A token treasury to be easily accessed by anyone and to be at anyone’s disposal.

What was done:
Treasury idea was abandoned since we do not need to have it.
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What was proposed:
Use Ropsten testnet to store data

What was done:
We will start off with a cloud solution and work toward building our own block-chain
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What was proposed:
Users do not need to create a token using the Krakin’t project incubator

What was done:
Users will not have to create a token using the Krakin’t project incubator
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What was proposed:
Use the proof of burn to mine a token.

What was done:
A proof of burn and the time of initiating the miner equals mining power. We do not use the proof of anything while mining.
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What was proposed:
Use GPT-2 and a text classifier to innovate ideas

What was done:
Idea was tested, however, it turns out that an engine that creates bullshit that makes sense does not give results that are worth the classifier. Briefly, you must read every single output and manually decide what is a good input and what is not a good input. However, the good input happens once in several thousand outputs, or 1–3GB of a text. This cannot be processed manually! There are much better methods, although they do not give nice sentences.
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What was proposed:
A controlled supply that goes back and forward (like BTC going back and forward in time).

What was done:
The miner was coded, however, it was too complicated to maintain. We have simplified it and are not going back and forward in time, just forward, which is similar to BTC. However, our mining difficulty adjustment is asynchronous.
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What was proposed:
Work on a product rather than a token.

What was done:
Work on a token was completed, and mutable token was developed so it can be adjusted with the changing business model and product.
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What was proposed:
Token must have the core functions of the incubator hard-coded to make it a decentralized entity.

What was done:
A compromise to have the least amount of expenses per user and increase the usability of a product with a promise to make it more decentralized in the future.
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What was proposed:
No token minting unless it is done by the mining

What was done:
To do the initial distribution, we have made the presale mechanism
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What was proposed:
Extrapolate private keys from passwords

What was done:
Such mechanism is not needed since the users are going to keep their private keys to themselves and unexposed
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What was proposed:
Every month, we will burn 10,000 KRK

What was done:
We aren’t using the proof of burn mechanism anymore, and most-likely all of the Krakin’t owned tokens will be burned completely!
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What was proposed:
Use Krakin’t doodles

What was done:
We are still using them
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What was proposed:
Go undercover with the Krakin’t labs

What was done:
We are going undercover, however, there are initial steps that must be exposed since all Ethereum coding is open-source.
Furthermore, we have noticed that XIO is going to release a new hype where people will make their own tokens. This is great, since it is already a step in the wrong direction. Krakin’t will NOT require tokens or any experimental or social bullshit.
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What was proposed:
Create the inner-exchange.

What was done:
It is currently the work in progress and a major milestone
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What was proposed:
1-click signon

What was done:
1-click signon with Metamask, however, we need the 2FA + email address confirmation added as an additional step while registering.
2FA and e-mail will be used for withdrawal confirmations, as a safety feature only.
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What was proposed:
Enable contact lists and massive adding

What was done:
This idea is abandoned, we do not want social pages. Maybe in the future.
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What was proposed:
Inverse presale mechanism.

What was done:
Inverse presale mechanism.
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What was proposed:
Wikipedia for tokens and projects

What was done:
It is a work under development.
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What was proposed:
You don’t need to store the keys

What was done:
No key storing to use the exchange is under development.
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