Hi TCF,
Your initiative is interesting and very positive, but how do you want to generate value for Anacoin?
We will be putting up our full details of the tokenomics of Anacoin shortly, but we have designed the token/currency to increase in value in line with the utility and popularity of the platform
The delay has been due to us reviewing dozens of ICOs and their sales and allocation models to ensure we (hopefully) employ best practice.
And why did you choose that name?
Ananas is the same in most languages of the world, representing our aim to help increase contextual communication amongst those of differing backgrounds.
We have the trademark and multiple domain names and thought it a nice brand to build on (although there are some issues with the name in Turkey and France due to the actions of certain individuals).
Plus the team likes pineapples
Where are the team and supply information of the coin?
The team information is on the website, but we have updated the original post to give direct details & LinkedIn profiles.
We have also updated the supply information of the coin and as mentioned will be providing more details soon.
New coins are only minted if the foundation receives over $100,000 in fiat for this project, with tokens equivalent to 50% of that amount being minted monthly for the foundation and being locked for 2 years.
As noted before, full tokenomics and our thinking behind it to come shortly.
Will the project continue if ICO fails?
Yes, we have several alternate funding streams and models and the team has been working on this project for three years, really trying to understand how ideologies are formed, where they turn positive and where they turn evil and how to try to aid the former and halt the latter.
The current funding for the project to date should shortly exceed £400,000 and we are in touch with several major funders. We are adamant about not giving up any editorial control in exchange for funding of any type.
We believe that given strong institutional and press relationships, a verifiable and experienced multifaith team, minimal technical risk and a worthy cause we should comfortably exceed our soft-cap target for the main token sale.
The pre-sale has been a good learning experience in advance of this, highlighting several areas where we need to bring on more resource and improve.
We will be sharing our learnings from this in the coming weeks.