I don't want to sound like a greedy hoarder that is fearing for the wealth of his coins, but I am a little concerned about giving away 250k coins in a short amount of time. You have to take into account that without enough people claiming these coins, this might result in few people getting a lot of coins, thus automatically lowering the base value of the coin.
Don't get me wrong, I am all for giving away all the coins in a reasonable amount of time, but this time we should ensure a wider spread of the coins and especially aim at growing the community.
I understand your concern, my original intention was to give away equal amounts of 20% each month for 5 months. Then we moved to a halving amount similar to PoW rewards. This is why I mentioned that we may change the giveaway structure before we announce.
I think 1 month isn't that short, at least not in crypto. And we should indeed be careful about the giveaway. We need to make a system that limits the amount of 'double dippers', but still make sure it is easy to join. We could also limit the amount of coins per person on forehand, to make sure that if there aren't enough legit applicants they won't get huge amount of coins (say 1000 coins p.p. max, so at least 250 people in first giveaway). We could then move 'left over' coins to the next giveaway round.
No, 1 month is definitely a long time and if we all do our part to bump the giveaway thread and keep it up on page 1 of the forums, in one month we should be able to get several hundred applicants easily. All we need is 250 applicants to reduce the reward to 1000. if we get 500 which should be attainable, thats
only 500 per person.
I like your idea though and it has been noted, we will need to discuss this some more.
I still don't get why there has to be a huge giveaway or a giveaway at all. From an investor's point of view this is pure poison.
Coin's supply would had been dramatically shortend, if there was only a swap. In Your scenario there will be even more coins.
In fact this is not the case. I didn't want to have to spell this out but look at it this way. If you are holding 4000 PMC and we start giving away a lot of PMC to a few people, thats bad. But what if we start giving away PMC to a lot of people? each person gets less, thats not as bad. What if we gave pmc away to so many people that each person only got 200 PMC?
Your initial stake is now worth 20x what their initial stake is worth. The more people we manage to give "free" PMC to, the more your PMC stake is worth. From an investors point of view that should have been obvious.
Something else to remember, you may think your PMC is worth X amount right now (it's not), but if you tried to sell it due to the low liquidity you would
crash the market.
You couldn't get 1/10th of the full value of your PMC. Even if we initially lower the value of your PMC, the benefit is you will actually be able to trade it.
As well, even if the first wave of recipients dump their PMC, the third, or fourth and especially fifth wave of receipients will be sharing such a small amount of PMC.
500 applicants sharing 250k seems like a lot, but 500 sharing 20k is not much, is it?
We will be creating scarcity by continually squeezing the amount of PMC to very very low amounts.
