Update | GlideSEC & Glidecoin | April 01 2015
Hi guys, just some general information about the future release of Glidecoin - which if all goes to plan should be released in a few weeks - remember the ONLY form of initial distribution, will be you guessed it! you guys, only shareholders will receive 100% of the initial distribution! yeah we could hold an ICO - but we figured this way its more beneficial and rewarding to our shareholders, after initial distribution Glidecoin will be purely POS (proof of stake) and be primarily focused on privacy, security & anonymity - we have put together a pretty decent coding team and we have some pretty groundbreaking code in store in terms of anonymity and security (possibility of ring signatures at this stage) - buckle up tight guys!
we will take a snapshot of the chain at a certain stage in the next few weeks and distribution will be based off that snapshot
Thanks again for the support guys!
Hi guys, just some general information about the future release of Glidecoin - which if all goes to plan should be released in a few weeks - remember the ONLY form of initial distribution, will be you guessed it! you guys, only shareholders will receive 100% of the initial distribution! yeah we could hold an ICO - but we figured this way its more beneficial and rewarding to our shareholders, after initial distribution Glidecoin will be purely POS (proof of stake) and be primarily focused on privacy, security & anonymity - we have put together a pretty decent coding team and we have some pretty groundbreaking code in store in terms of anonymity and security (possibility of ring signatures at this stage) - buckle up tight guys!
we will take a snapshot of the chain at a certain stage in the next few weeks and distribution will be based off that snapshot
Thanks again for the support guys!
How does this change the business model you laid out on page 1, if at all? Do I understand correctly that this is a move off of the NXT platform and onto your own independent coin, and the dividends will be paid through POS?
incorrect, we arent moving off the NXT platform - GlideSEC is here to stay - just as original plans we have decided to also create a coin and distribute it to shareholders as a bonus and incentive
glidesec will stay fully functional and continue to issue dividends, infact glidesec itself will be invested in glidecoin - so we may see some decent benefits and dividend size increasing from this move
just to make things clear, this isnt a swap, this is an addition.Glidesec and Glidecoin will interact with each other - Glidesec will act as stabilization fund in some way.
TL;DR free coin.