Topic: [ANN] QIBUCK COIN - X13 - POS/POBH - 1st Proof of Baghold and asset backed. - page 39. (Read 152966 times)

What do we have here?  This is new. The FOUNDER'S Club.

One for me .... one for you. Two for me .... one for you. Three for me .... one for you...

This keeps getting better and better. I have to give credit for the transparency though.

We will from the bounties and giveaways funds have incentives also for EVERYONE, small holders and large so everyone will benefit form even more goodies than just their monthly dividends and staking income.

FOUNDER MEMBERS will need to have 10k staking in their wallets all the time in order to receive the EXTRA PERKS and remain founders..This way it means we are rewarding those who are helping us stabilize the price and take off more QBK from the exchanges.

Normal Bagholding members will need to have as much as they can in their wallets on MONTHLY AUDIT DATE once we announce in advance the AUDIT DATE and have it there for 7 days as payouts will be done within a 7 day period. After that they have more liquidity to trade again.

As the block explorer shows wallets split up although some wallets hold all the coin, for example I have all of mine in one wallet but on the rich list it shows it split up, we will just ask members to send us their wallet addies in member's area and do a little thing in the debug window, very easy just to check if they have their monies split in more than one wallet on blockchain. We are thinking of adopting the percentage based payouts in a choice of QBK OR BTC as it will be a fairer system and a payment cap on the Exchange so that more is payed out to Bagholder populations. As most members despise the verification process, paying via the percentage system for Bagholders with 100 QBK or over is the fairest way to distribute the revenues. We will from the bounties and giveaways funds have incentives also for EVERYONE, small holders and large so everyone will benefit form even more goodies than just their monthly dividends and staking income. Naturally the FOUNDERS eill get their extra freebie perks every 90 days they remain a FOUNDER for helping QBK grow in stability and price because this in turn BENEFITS ALL HOLDERS, These extra gifts will NOT BE TAKEN FORM THE 50% BAGHOLDER POOL but form the BOUNTIES and GIVESAWAY pool. We will have both QIBUCK BAHOLDER AND QIBUCK FOUNDER membership areas open within the next few days. We will still have the card later down the line as an extra option but because we would have to order 500 upfront at a small discount we will just hold that off for now till we have more demand for it, say at least 200 Bagholders wanting it. , Otherwise we may just pay the full price for a card but we won't be generating extra revenues for that if we don't order 500 in one scoop. At the moment our time is better spent developing the coin, JV ventures, mining, trading and Investing to kickstart revenues.   Today one of our Team Members has already made a request to rent rigs to mine a very stable coin.

Please give us any decent feedback on this thank you.  
PLEASE LET US KNOW IF YOU STILL PREFER POOL BASED OR PERCENTAGE BASE SO WE CAN REFLECT THIS ON THE OP..

As a general policy though, I think it's a good idea for the cap. Not everyone is evil, so many may stick to the rules. The devs can also use blockchain analysis and other things to sort of semi-enforce the cap, or at least do so as best they can.

So long as the cap is announced once the dividend thing is set up, it's also not unfair to anyone. There are no huge megawhales right now besides Poloniex (at least based on looking at the rich list currently), so if anyone out there decided to buy up 10-20% of the coins, they'd know the rule beforehand. It'd only be unfair if someone bought up a huge amount of coins expecting full payments.

I'll also add, under the initial ICO rules, a megawhale would only get 1 max share, regardless of number of coins held. So I can't see anyone complaining about a cap, as it's still more than they would have gotten using the old rules.

You are absolutely right on both points.. however as you say there's no real way to stop anyone from splitting up the coins. So may as well keep it percentage based across the board.

You are absolutely right on both points.. however as you say there's no real way to stop anyone from splitting up the coins. So may as well keep it percentage based across the board.

Well... on one hand, you are right. They bought the coins, so they should get a fair reward.

But, how do we differentiate between an exchange or megawhale? An exchange could just break off a chunk of their holdings and claim they are a regular investor, wanting their 15% of total rewards.

It'd also benefit the coin more if there were less megawhales too, as generally you don't want one person holding too many coins. They become a sword hanging over everyone's heads.

I don't see why we should discriminate against mega whales. If someone wants that many coins why should they be penalised? They had to buy them, right? So mega whales should also get the fair reward..

It'd also benefit the coin more if there were less megawhales too, as generally you don't want one person holding too many coins. They become a sword hanging over everyone's heads.

I don't see why we should discriminate against mega whales. If someone wants that many coins why should they be penalised? They had to buy them, right? So mega whales should also get the fair reward..

Yeah, but what I was saying is... say MegaWhale has 15% of the entire supply... he's a big fat whale.

He then breaks up that 15% into three wallets of 5% each. He registers on your dividend signup page as three different people, at 5% each, and wants payment to three different btc wallets.

What's to stop him or an exchange from doing so?

Yeah, but what I was saying is... say MegaWhale has 15% of the entire supply... he's a big fat whale.

He then breaks up that 15% into three wallets of 5% each. He registers on your dividend signup page as three different people, at 5% each, and wants payment to three different btc wallets.

What's to stop him or an exchange from doing so?

Good idea.. Well whales will have to register in Bagholder area with only one address to be paid and yes exchanges earn from the trades so makes sense. Let's put the vote up and see what happens..

BAGHOLDER BONUS VOTE IS UP..PLEASE PARTICIPATE..   

BAGHOLDER BONUS VOTE IS UP..PLEASE PARTICIPATE..   

Caps on giant whales or let's just call it large amounts of coins makes sense to me. You don't want a situation where the exchanges hold 40% of the coins, eating 40% of the profits.

You can make it a hard cap, or go with diminishing returns after a certain percentage.  But...

What is to stop megawhales from simply breaking up their wallets into smaller amounts, getting around the cap? Blockchain analysis may be able to block some of this, but if the person is tricky enough, I expect it wouldn't be an issue for them to get around it.

As for Poloniex getting paid for the ICO, maybe offer a onetime dividend payment, say 5-10%, and that's it? I'd suggest even giving them more than 5% this one time, instead of 5% forever... and ever. I really think exchanges should be blocked from getting payments at all. They get their money from fees. Even Polo has made money from the ICO due to fees. Also don't forget the coin will eventually be on other exchanges than just Poloniex too. It's not like you want to give them all 5% forever, when they make money from fees as it is.

So I'd do the 5% thing for fat whales, and 0% for exchanges. I'm just not sure how to actually enforce that cap.

You have some good points. Also I may add POLO has not had any ICO payment at all and have done a lot of work and also handling the ICO funds for us. Busoni and MODS have worked very hard so maybe just having them some payment to at least distribute to the Mods and maybe I can suggest to them to do a POLO GIVEAWAY too..Maybe we can cap the exchanges to MAX 5%? If at audit time peeps download their funds and have to hold for a 7 day period the dump would not probably take place all in one go, maybe it will make a monthly pump and dump fest but if people want to get paid every month and they are also earning from staking it wouldn't be wise to sell off all their coins anyway. Also we will have trading incentives and contests throughout the month to keep the Punters occupied. We could put also a cap on wales as well, maybe same as the exchanges like a maximum 5%? That way more bagholders can earn a decent percentage.. So what we could do is Exchanges and wales earn MAX 5% then rest goes normal percentage so say a wale owns 7% of the coin he can still only get max5% payout but if he is a founder member and never takes off his wallet his 10k coins he can earn extra gifts from bounty pool every 90 days. What do you think about this idea?