I like the idea. I've said so in the discord.
But a "fair distribution" model as outlined in your WP is not purchasing coins from "Founders"
Why wouldnt somebody jusy buy PIVX, when they can trust and believe that the project is here to stay.
Many MN coins are banking on the rise of crypto in general, which is a good thing. But yearly ROI is very misleading when you facor in the increased number of MN's on the network and the fluctuating price of btc.
should be a dollar a coin if that guys, sorry
MN for 0.3 btc or something. ALQO was selling them peer-to-peer for 0.2 BTC back in the day when it first launched . . and has never hit 5 dollars.
And then you hire some mysterious marketing company that says they can advertise crypto on fb and instgram (which is very good)
Which happens to be the founders company.....
With all the reasons to hold, have you thought about how to create sell pressure on exchages? Miners will sell coins. POS miners typically do the same.
I'm reposting what I wrote in Discord last night so others here on bitcointalk can see it and be informed:
Quote
Reading through the WP, is it correct that 2% of the block rewards go to various areas such as Founders? Team Wallet and Founder Investors?
Block rewards for block 30,001-105,000 receive a block reward of 20 APR coins?
Roughly 1.5 million coins created in this time. LEts say that the coin, for arguments sake, stays at 5 dollar USD. Quite arguable, because successful PIVX forks such as PHORE are worth about half of what you are selling APR for in the presale
1.5 million multiplied by what ever wallet you are thinking of determining numbers for . .
How much, theoretically should the Founders Investors Wallet have during that the 22 APR award blocks?
1.5 million x 4% = $60,000
Team Wallet = $30,000
Just putting this out there so investors can see the math here.
Block rewards for block 30,001-105,000 receive a block reward of 20 APR coins?
Roughly 1.5 million coins created in this time. LEts say that the coin, for arguments sake, stays at 5 dollar USD. Quite arguable, because successful PIVX forks such as PHORE are worth about half of what you are selling APR for in the presale
1.5 million multiplied by what ever wallet you are thinking of determining numbers for . .
How much, theoretically should the Founders Investors Wallet have during that the 22 APR award blocks?
1.5 million x 4% = $60,000
Team Wallet = $30,000
Just putting this out there so investors can see the math here.
After, I was told that the Founders Investors are people who purchased coins in the presale. Seems like a good incentive to buy early, but it banks on the longevity of the product. A proprietery code is great, something new and different to the space. I get why coins now do pre-sales instead of ICO's . .
I'm on the fence here because I like the project, but in this market, is way overvalued. If you would have did this sale during the massive bullrun, you would have no issues
