Topic: [ANN] ORA :: NXT 'monetary system' currency - page 111. (Read 181197 times)

It's the numeric ID.

Wow, really nice coin!!

When you say we need to provide our NXT account IDs, is that the numerical ID or the "NXT-xxxx" ID?

NOT SCAM!!! This is free!!!   Translated to Portuguese.

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Dont like distribuition:

Because the founder has to stay with 2% free? An idea of ​​cloning is not worth anything.
Will become worse than the original Qora!

My recomendation is
5% goes to the registration webapp dev, goes to the dev who clones Qora and creates the Kora wallet applications, Kora founder, kora dev Distribuited equally between all.
25% - POWER BOUNTIES
5% - website & marketing
8% - goes to node bot bounties
56% - distributed equally to ~3000 webapp registration applicants

It will take a few Devs to develop it.
If it will be more evenly distributed, because they put high reward? You guys do not trust in the project itself?
PLZ let transparent to not be another SCAM.

i think best 300 MiL

I agree 10 billion is too much, I prefer 100 million or 1 billion max ...

i think 100million is good 

10bil is a huge amount.

I would like be Kora millionaire than Kora thousandaire , we can have vote from community once registration process completes.

The registration process can start & finish, and we can confirm coin supply details at a later date.

At this stage I favour a coin supply with a 1 at the front

1,000,000,000

or maybe

10,000,000,000



If it's 1 billion then:

If we achieve 3000 stakeholders from the registration process, each stake would be worth ~166,666.67 Kora coins

If coin supply is 10 billion then each stake would be ~1,666,666.67


1 billion Kora makes for a stake of ~167 thousand Kora coins
10 billion Kora makes for a stake of ~1.6 Million Kora coins

What gives the best psychology? Probably 10 billion as it makes everyone a Kora millionaire, and that 'feels' better than being a Kora 'thousandaire'

For a while I thought 50,000,000 Kora was best as a smaller supply has its own psychology, but somebody pointed out doing sums in your head is easier with a 1 followed by 0's.

We can have a vote.

My preference is probably 10 billion at this stage.

As always, express yourself. What do you think?

I'm interested, what do I have to do ?

really a big try this coin , will see 

Maybe this can help!


Kora is a pilgrimage & a type of meditative practice!

Remember, Kora came first, and we're spiritual pilgrimes lol

Few hours left for launch , I am excited , but please do update about number of coins per stake and total coins.

Nice..
Let me in!

i agreed. confused name.

hi all 

Your point is valid. I do think that having a few large Kora holders on the dev team isn't a bad thing. Consider NXT. What would have happened after BCNext left NXT if Jean-Luc didn't have a ~5% stake in NXT? Nobody has to fund a bounty for the NXT core dev. He is fully funded from his 5% stake, and obviously motivated enough to contribute excellent work for all the stakeholders without needing to put out a 'begging bowl' for bounties. The fact that J-L Picard is self funded, and NXT has a core group of large stakeholders is a key factor in its success.

One criticism of NXT would be that some of the core dev team DO NOT have large stakes, and some key community members aren't large stakeholders either.

You make a valid point, but I think on balance it is justifiable to have some core people motivated with big stakes, and importantly, independent of the need to be funded out of personal bounties. The logic behind the 25% 'power bounties' is really to create merit based mini-whales.

A coin will die without motivated & compensated key people, especially POS coins.

Kora is an experiment, and part of the experiment is seeing what happens with this distribution.

50% - distributed equally to ~3000 webapp registration applicants
5% - goes to the registration webapp dev
5% - goes to the dev who clones Qora, and creates the Kora wallet applications
2% - Kora founder
8% - goes to node bot bounties
4% - website & marketing
1% - Qora dev
25% - POWER BOUNTIES

IMO if the webapp dev stake was too small I may never have attracted anyone, and if the clone dev stake is too small we might not attract a good candidate. My 2% is covering costs (and hopefully making a profit too), and the 1% to Qora dev is a thank you.

I do not under estimate the 'whale' factor with NXT. They get things done behind the scenes, and they have funds to donate for important work. 3000 equal stakeholders sounds nice, but IMO you need a few whales with commitment to make things happen.

Seems quite interesting. I'm excited whether it will work out.

wow, you really dont care to read the OP, do you?