Elite members will get various benefits. This would also give a reason to hold SFR especially essential for a POW coin. This is something like a Gold Membership like you get some benefits being a Gold member on various places.
At present, haven't thought of what facilities we can provide to elite members. Pho suggested that they can trade for 0% fee on cryptoxindia and also get some shares.
Can u all suggest some more?
It is basically like a foundation where the top members can discuss developments and future progress for the coin. If this club can provide great benefits to members, then people would want to buy as much SFR to enter that club. Buying would be more and selling would be less. Many long term investors have loads of coins and with this they can reap benefits by just having these coins idle sitting in their wallet.
Could u please explain how this could hinder growth?
This is what 1 guy posted on the International forum like a tier system:
Elite Silver: 150k ( 0% trade 0.2% share )
Elite Gold: 200k ( 0% trade 0.35% share )
Elite Platinum: 250k ( 0% trade 0.5% share )
Benefit will depend on grade so lower grade with have less benefit than higher grade.
We can come up with something better
If this is successful in restricting early adopters selling their saffron coins, the value of saffron coin will start getting artificial boost and at a point it will just have a big crash. As sfr is already unstable coz it is very new, this may not be a time to try this out. big crashes only hinder the growth.
Yes artificial boost would not be good. Maybe once we are stable we can try this out.