Hi TimereumDev, a few questions:
What is the goal amount for contributions being raised in order to get TME listed?
Is everything explained in the white paper completely irrelevant now, and can be seen only as a jumping off point for something completely new?
Is it correct to say that the so called genesis tokens that airdrop recipients are holding, have no function at all going forward except as a possible exchange token for the next token?
The advantages of being a genesis holder were very clear, and on that basis, a decent community base has formed. Now, it's quite unclear what our stake in this is going forward - except there will be some advantage, which may be the ability to exchange TME for the new currency. Is it possible to share a little more clearly, the advantages that genesis pair holders stand to gain by supporting this project, contributing financially, spreading the word etc.?
From the Roadmap:
"Owning timereum will be advantageous when this new currency is re- leased. Most likely, timereum will convert or directly translate to this new currency. Address pair holders should not feel the need to create timereum batches prematurely."
TimereumDev:This is a new currency, but TME ownership will determine holdings in this new currency. Conversion of TME to this new currency is also one way to reduce TME inflation. TME may also be used to determine holdings in future projects as well.
Can you explain what this means "conversion of TME to this new currency is also one way to reduce TME inflation"?
I know you're busy getting things done, but lots of questions remain even before it makes sense to contribute to the listing fund. Hope very much that you can answer.
Thanks for all your hard work and innovative thinking. Really, very impressive.
What is the goal amount for contributions being raised in order to get TME listed?Here are some priorities for exchanges:
Novaexchange: .1 BTC + 250 votes, or 1 BTC
Cyptopia: 400000 DOT (about 1.14 BTC)
Livecoin: 3 BTC
We should put TME on as many of those as possible. Many more donations are needed, but I’m sure the community can come together to support TME.
Is everything explained in the white paper completely irrelevant now, and can be seen only as a jumping off point for something completely new?
The white paper lays the conceptual groundwork for manual mining. The address pairing and manual generation are concepts used in the lending service. As far as a jumping point goes, I’ll touch on that in my answer to your next question.
Is it correct to say that the so called genesis tokens that airdrop recipients are holding, have no function at all going forward except as a possible exchange token for the next token?
The advantages of being a genesis holder were very clear, and on that basis, a decent community base has formed. Now, it's quite unclear what our stake in this is going forward - except there will be some advantage, which may be the ability to exchange TME for the new currency. Is it possible to share a little more clearly, the advantages that genesis pair holders stand to gain by supporting this project, contributing financially, spreading the word etc.?
This next project will be the beginning of many projects. TME holdings will be used as a gateway into holdings of future projects. Since this project has gotten a lot of attention, I don’t plan to do any more airdrops.
There are a lot of unexplored areas I’d like to look into, both within the financial sector and outside of it.
For example, in early to middle August, I may begin discussions with at least one company to see what smart contract applications would be advantageous in their sector. TME holders would be able to have a stake in that project as well. It’s too early for me to give more information about that. I may decide that focusing on the lending service will be advantageous to the Timereum Project, or that branching out simultaneously is best. Don’t consider this a dead end for TME, but rather a beginning.
Genesis holders are actually in a unique position. They won’t be asked to create batches to have a stake in new projects. Instead, their remaining batches will automatically convert using the current batch amount or a conversion ratio. They get to keep their TME batches for creation later, and they get a stake in new projects.
From the Roadmap:
"Owning timereum will be advantageous when this new currency is re- leased. Most likely, timereum will convert or directly translate to this new currency. Address pair holders should not feel the need to create timereum batches prematurely."
TimereumDev:This is a new currency, but TME ownership will determine holdings in this new currency. Conversion of TME to this new currency is also one way to reduce TME inflation. TME may also be used to determine holdings in future projects as well. Can you explain what this means "conversion of TME to this new currency is also one way to reduce TME inflation”?Allowing produced batches of TME to be converted into holdings of new projects, and burning TME used for conversion is one way to increase the value per TME. This will further benefit genesis holders.