Does anyone know what the yearly inflation rate is? I don't think it was mentioned in the whitepaper, and it's very relevant for people who don't want to have their computers turned on all day to stake.
Staking rewards 10% yearly. We are targeting 1-4% yearly inflation. After most PoS networks settle down they see 10-20% of tokens actively staking on the network on average, which in our case would lead to a 1-2% yearly inflation rate, within target.
Wow that jump...I guess some whale/whales got in. almost 200 btc
We had some big buyers come in!
I told my friends about this, which I hardly ever do during the ICO stages of platforms but I just have a great feeling about it and I don't want them to miss out! Very very promising and I hope it's going to be another game changer.
Thanks for the support!
What is the incentive for the team behind neblio to actually work on the project for several years if they don't keep any of the tokens and therefore don't stand to benefit(from a rising price) from working on it?
Hey Jimmi! Ann and I were committed to the project from the start. We believe in the vision and that this can be a highly successful business, which would be a great thing for everyone involved, that is our motivator, building and sustaining a successful and profitable business. However both Ann and I have purchased a small amount of NEBL, at the urge of our supporters. We did not believe we should get anything for free by default, which is why we did not want to take 1 or 5 or 10 percent from the start. The amount we purchased was at the 25% bonus level, from our personal bitcoin and deposited into our personal NEBL wallets. Hope that makes sense?
I'm not sure it makes sense. Did you basically pay yourself when buying nebl? Are the funds in any way separated from your private funds and does anything prevent you from just withdrawing the money and keeping them as private funds.
I think it would be way better just to take maybe 5 or 10 % from the start unless you actually get paid for doing consultancy and helping people make sideshains on neblio. It's great if developers stand to earn a huge fortune for doing great work. That way their interests are aligned with shareholders/tokenholders.
Of course we do not mix any personal funds with NEBL funds!!!! And yes, we absolutely plan for Neblio get paid, in fiat, for all consultancy work and other business services once launched that we provide to our enterprise customers.
I would like to understand something better .. Now is running "pre-sale", and it ends in 5 days, but when ICO is ending?
I already asked the same
They call the ICO itself "Pre-Sale", there is no ICO after August 20th
Correct!
I'm not sure it makes sense. Did you basically pay yourself when buying nebl? Are the funds in any way separated from your private funds and does anything prevent you from just withdrawing the money and keeping them as private funds.
I think it would be way better just to take maybe 5 or 10 % from the start unless you actually get paid for doing consultancy and helping people make sideshains on neblio. It's great if developers stand to earn a huge fortune for doing great work. That way their interests are aligned with shareholders/tokenholders.
I think consulting and business services is going to be a big part of how the Neblio developers/operators make their revenue (from my understanding of the white paper).
I'm not sure how other blockchain systems generate revenue, but I think offering business services is perhaps more authentic in that the developers need to continue pushing the system out to enterprises in order to maintain their revenue. It ensures growth of the network.
If you take a big slice of the initial coins then there might be more incentive to quit once the value reaches $X. Just my thoughts though.
Couple of questions for Eddy:
- Will privatized Neblio systems still use NEBL as a token? How do token holders get value from companies deploying Neblio privately?
- What percentage of enterprises do you estimate are likely to want private versus public blockchain solutions?
- Are you holding any/some/all BTC or cashing it to USD in order to hire developers and staff?
Looking forward to seeing the raised amount cross that nice round number 😉
Correct on the consulting/business services.
Private chains will still use a form of the NEBL token, but due to it being a separate, private blockchain, it is technically not the same token. Private chains mean enterprise customers are adopting Neblio, providing revenue, and our vision is validated in the market and our business is healthy. It also provides publicity for the public chain. Imagine the Press Release: "{Popular Tech Company} Partners with Neblio to accelerate their business using Innovative Blockchain Technology"
I think we will have to see. It is quite possible many businesses may be willing to use the public chain, but encrypt the information stored on the chain, our APIs will support this.
We will be cashing some to fiat to pay expenses and staff of course. We will be holding some for future expenses due to the trajectory BTC is heading
Thanks for your support nyteo!
I like the way you explain things in simple terms. solidly behind this team.