Topic: [ANN] CosmosCR [$CYBR] 🌌Virtual reality world, NFT's, Data solution#blockchain - page 30. (Read 32255 times)

Burning tokens is not a good idea you will most likely be considered a security instead of a Utility token. You can burn unsold tokens though, just not on regular basis.
Same count for a buy back program most likely cause it gives people Expectations of Profit.

We're a utility token and we focus on main adoption that will drive the price, every extra additional rewards need to be reviewed really well and discussed with our lawyers.

 

No continuous burn system or buy back token system implemented?

Creator of this token is a legendary member on this forum, i think he is aware of how important this is.

I hope all of those will be tradeable between people, that's where the money is.

If we decide to go for this system then yes you will need to hold some amount of tokens, this is to prevent people to trick the system or run unstable nodes.
Eventually people need to hold a stake to get incentives.

If i want to run a Node/server, what would i have to do for it? Does it require holding some amount of tokens perhaps?

Some are close to a Mvp, but none a fully working model atm. Having to shut down cause of the crash would be really sad, cause eventually they made a plan
raised the money and should launch a product. I do feel sorry for many projects though. We probably wont have such easy time raising the funds cause people
are sceptic and emotional in the market at this time, but we know that if we raise at least the minimum we can make the product great. The rest will follow.

YEA we def. want to do that. We believe non fungible items are gonna be huge in the future and like stated before we plan on making it easy to use them on our platform.

We havent decided yet but you can do so much more with non fungible tokens examples

Online metaverse id
Avatar clothes that are unique and limited
Collectibles like special game cards, items.

And much more, but or first stage is a great foundation for the world and than build upon that.

The non profit foundation will raise tokens with the token sale taking tokens out of the circulating supply untill they are used for something that itself will bring more
value to the platform. We're creating a voting system for some decisions about the platform, people might be rewarded for taking part in the voting but will have to lock
a x amount of tokens for a specific time period. (put your money where your mouth is system to avoid abuse)

Beside that we want to support hundreds of use-cases and they all can have a system that lock coins think for example about a smart contract lottery or a monthly
game competition that needs a small payment for the reward pool.


I agree the token should get value and holders should be rewarded, just also you need to be really carefull in what way you do that. Picking a wrong reward solution
can make you a garanteed security and then you wont be listed on exchanges.

No we have more things.

We have the ICO token called $CYBR that will serve as a internal currency.

We will also have a non fungible token that will serve as land ownership but at the same time it will serve the network
by storing unique data about the content that is on it for the data sharing solutions.

Also we are looking at different models for extra incentive for people to run a Node/server.

Yea lol based on the dutch tax system, up to 52%. 

We have a non profit foundation that will make all raised tokens go back in the mataverse.

First the ICO funds will be used to create the product and do a big marketing campaigne. After also the foundation will have tokens that can be used for global adoption.


Yes we do have a utility token that will be used for the complete world, land will always be sold by the non profit foundation so this will raise tokens for the foundation.
(trading from land is always p2p). Also will the foundation create content that is people can buy raising extra money. All this raised money is inside a officiele legally setup
non profit foundation that everyone can verify, cause its all about the adoption so all money will go back into the project.


I agree they have much more to show at this stage, i hope this is different in a year. Dont forget thats also the point of an ICO to grow your team and make a great product. Developers are expensive, but buying the right ICO is a lot fun and can actually be really profitable.

Whats really important that the fundamentals are there and the future product can bring in a lot people, we believe we have this concept ready and cant wait to finish it.

Decentraland is a great example as many people say already, look at their land and the prices, we will start with less land and every 5 eth you get a free land parcel.

And like i said making a comparison is mostly misleading cause we can write in it what our goals are and we will look insane great, but we dont have it live yet. We want/
to show you all with a product not some biased made graphs.

I only know about Mark.space. They have launched the beta version of the residential units and you can buy units as far as i know, but haven't checked it out yet.

I think VR market is still in its infancy, VR project are like lottery form now, hey lets throw in the dice and see what happens

Aren't there other projects which have a mvp by now?
Or did most of the other VR projects shut down with the crypto crash?

No other game can compare to Entropia where the prices are absurd but i am certain there will be some items which will gain some value over time.

Other than virtual lands in your platform, do you have plans to included other virtual items that might be of value within the ecosystem, I mean I'm reminded of the game Entropia Universe where jaw dropping items and virtual estates have huge monetary value and can also be a very good investment opportunity.

Other than renting your space in the virtual world it would be nice to have some kind of reward for the holders because not every holder would own land.

Yeahhh
For a long time, I tried, brushed aside, dim my heart. I was holding back, the pain I felt, even though I knew I was still waiting for this information.

Finally, I found something that has been waiting for a month ago. Mrboot.

Regards
Haynes

Not understood only one thing. How they will be attached to the blockchain? Or, here, the blockchain will perform only the function of a" token carrier", which will be an internal currency? Is that so?

Yes it's the same that is/was going on with second life and in there worked quite well from what i have seen. It will depend much from the level of personalization will be possible to achieve within this project.