Why were a portion of my approved commissions removed?
You are only paid Latium for legitimate referrals (users that have downloaded and added a valid wallet address to their dashboard). By the systems nature a credit is issued to you as soon as a referral registers. We then move all approved commission into pending on a manual basis and move back only legitimate referrals with a valid Latium wallet address to approved status prior to payment being sent. We are working on a system that will show all commissions as pending until approved. This system will make it much less confusing as only your valid referrals will be ever labeled as approved.
Why don’t you pay commission for users that sign up and don’t add a wallet?
The goal of the Latium system is to distribute coins in a more transparent manner than mining. If you refer a user that signs up but never accesses their Latium or profile, they are not a valid Latium user. In marketing terms we are paying based on conversion and conversion takes place when a new user signs up with the intent to join the Latium network. We do not require a user to refer other users in order to gain access or to pay out commissions. This process also helps mitigate fraud by requiring real participation and eliminating pay per registration services and other traffic services that only drive commission to a referrer but do not help grow the Latium network.
How do I mint Latium?
Minting is performed automatically by the Latium wallet only if the wallet is online and connected. There is no additional work or requirements to mint your Latium. Once your Latium has been confirmed, you will start generating “coin age.” Once your coin age exceeds six hours, your coins will be available to mint new blocks. When you mint a block, the coins used will be placed “at stake” and will remain at stake until 48 blocks have minted. Coins that are at stake are unavailable for transfer. After the 48 blocks have been minted, your initial coins along with the interest gained by minting will be available in your balance.
Why should I keep my Latium wallet connected?
By connecting your Latium wallet to the network you increase the network strength. You also gain compounding interest at the fastest rate available. A wallet that only connects intermittently to mint a block misses out on compounding interest at the highest rate available.
How will keeping my wallet online impact my computer?
The computing power required to run the Latium wallet is negligible. The Latium wallet uses roughly 25MB of RAM and 0 CPU unless sending transactions. Installing the Latium wallet on your system will require 60MB of hard drive space and over time could require up to 100MB. Bandwidth usage is very small, as most blocks are less than 3KB.
What is Proof of Stake?
Proof of Stake (PoS) provides a mechanism for determining the validity of CryptoCurrency Transactions. For information regarding Proof of Stake visit this site
How can I use my Latium?
Latium can be traded on a cryptocurrency exchange for fiat currency or another cryptocurrency. If your chosen exchange does not offer Latium, please request that they do so. Latium may also be used to trade for products or services. In essence, Latium may be used as any other currency is used so long as the buyer and seller are exchanging a good or service with Latium as the implied currency between both parties.
When I withdrawal from my profile to my wallet, how long does it take to be credited to my wallet?
Processing time on withdrawals varies but can take up to 72 hours from withdrawal requests. Latium will be working to automate withdrawals in the near future. This automation should dramatically reduce withdrawal times.
How do I receive coins from another user to my wallet?
If you intend on receiving Latium from another user, you must give them your Latium wallet address. That can be found in the “Receive Coins” tab at the top of your wallet. The address can be found here
When I send Latium from my wallet, how long does it take to be received?
The target time for Latium processing is 180 seconds. The actual processing times can vary based on network users online at the time of processing. Transactions gain a confirmation for every block minted after the transaction was sent. Transactions become fully confirmed after 4 confirmations, but will be available to send after a single confirmation.
How is interest accrued in the Latium system?
The interest you are credited for minting a block is dependent on a few variables. The first is coin age. The next is the current interest rate of the system (currently at 50% APR)
Current interest rate ÷ 365 days X coin age = interest paid.
Can I send a transaction while my coins are at stake?
No, you must wait until 48 blocks have been minted for your coins to be unlocked from stake. Stake maturity times vary, but the targeted time is 2.5 hours.
How can I acquire more Latium?
Latium has been designed to reward users for spreading the word. Within your profile you'll find many tools to help refer others including banners, tracking and reporting. CLICK HERE FOR MORE INFORMATION REGARDING REFERRALS
How do I transfer my Latium from my profile to my wallet?
In your online profile you must choose the reports tab on the left side of your profile. Then choose PAYOUTS TO ME > REQUEST A PAYOUT##
How do I refer people to Latium?
##You may refer people to the Latium system by using links or marketing banners provided within your user profile##
How do I keep up with my referrals?
##You may monitor your referrals by going to the Reports tab on the left of your Latium Profile.##
Why is there a fee charged on my Latium transaction?
##Fees are charged to help protect the network from high volume attacks. With Latium you are typically charged a nominal fee of .01 LAT per transaction. These fees can increase due to the size in KB of the transaction. In addition to the .01 LAT minimum fee, Latium charges .01 LAT per KB transfer.##
What determines the file size of my transaction?
##Transaction size is determined by how the amount of incoming transactions sent in a single outgoing transaction. Example: You are sent 50 incoming individual transactions for 1 LAT each. You then sent 1 outgoing transaction for 50 LAT. The network has to consolidate all 50 incoming transactions in order to process your 1 outgoing transaction. Therefore the file size for the outgoing transaction would be larger than if all 50 LAT had been received in 1 incoming transaction. The Latium network charges .01LAT per KB for any transaction that exceeds a single KB. Most single transactions are less than .3KB therefore an outgoing transaction containing 10 incoming transactions could be charged .03LAT. This charge is rare and will not impact the majority of Latium users.##
Why won't my Latium Wallet open?
##Make sure your anti-virus software isn't preventing your Latium wallet from opening.##
What is the minimum payout of Latium from my profile?
##Minimum Latium payout from your profile is 5 LAT.##
Why is Latium valuable? What is it really worth?
##Latium's value is determined by free market pricing, just as any other product or commodity. Value is a derivative of supply versus demand. Because the Latium supply is very limited, the value of latium should increase over time. Just as with any central bank, money circulation ultimately controls value. The latium supply might be large, but circulation is extremely limited.##
How do I set a reserve balance?
##The only way to set a reserve balance is to create a Latium.conf file and place the file within the appropriate Latium directory. This file must contain the following line reservebalance=xxxxxx Replace xxxxxx with the amount of Latium you would like to reserve. This file must be saved .conf extension. Make sure the file is not saved as a text file. The appropriate directory for each OS is as follows:
MAC:
1. Create new file in Text Editor that that contains the line reservebalance=XXXXXX
2. Save this file as Latium.conf
3. Open the file directory with your GoTo function ~/Library/Application Support/Latium.
4. Either drag and drop or copy and paste the Latium.conf file to the Latium Folder.
Windows:
1. Create a text file in notepad that contains the following line reservebalance=XXXXXX . Then save it as latium.conf (saving it to your desktop is a good idea).
2. Go to your control panel and select FOLDER OPTIONS
3. Go to the VIEW tab and the select SHOW HIDDEN FILES, FOLDERS and DRIVES. Apply then close.
4. Go to My computer and select the C-Drive.
5. Select users, then open the user name that you are currently logged into Windows as
6. Select APP DATA.
7. Select ROAMING.
8. Select LATIUM.
9. Save the Latium.conf folder here by copying and pasting or dragging and dropping.
Linux:
Coming Soon##
What is a reserve balance?
##The reserve balance is the amount of Latium that is locked and will not be allowed to mint blocks. This amount will always be able to spend or transfer. LAT in the reserve balance will not gain interest.##
What is locking my wallet do?
##Locking your wallet prevents anyone from sending from the wallet without the password. It also prevents the entire balance from minting blocks. This also prevents the Latium in your wallet from gaining interest.WARNING: If you lose the password associated with your wallet, you will lose access to that wallet and all the Latium therein.##
What is the easiest way to refer other users to Latium?
##Although Latium gives you many advanced tools to help gain referrals, the simplest way to get referrals is to simply share the link at the top of your online Latium profile. When you share this link and a new user clicks on it and signs up, you'll automatically be credited 5 more Latium! That user can go on to refer others to Latium and you'll be given even more Latium.##
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