Correct, yes there will be other market places eventually as the token grows. I have to grind in the streets to get people on board give free tokens and cash so people can see I'm serious about this. I'm working on getting the messaging service on the app together but the dating works.
Ok, then we proceed to the classic simple dilemma of tipping app: what's your method to prevent cheating? Your app allows people to tip each other, which you gave them for free as a promotion method, and this tip money can be used to purchase something tangible and valuable, it won't be long before someone create multi account and tipped themselves.
well they could tip themselves but that doesnt hurt. they could create multiple profiles and to get more reward points. With that they could get more Backpocket Tokens but you can only get 2 a day per account. I see they could rack up lol. I better rack up too. I'm going to have to buy back too. I'm burning a lot of the tokens to raise the value. I'll probably just be at the faucet a lot lol
I think I better hold the question of your token mechanism for now, given your way to explain things goes round and round with a lot of input from personal opinion instead of direct answers with facts and data. So let's talk about fact and data for now and perhaps revisit this issue later.
This is your token allocation:
There is total of 200,000,000 Tokens
Going to have a Token Sale 10,000,000 Tokens to support project and developer. If they don't sell out the rest will be burned
10,000,000 Tokens will be held by developer to reward Backpocket app users.
8,000,000 Tokens will be put into faucets on the internet. Different levels of payout
172,000,000 168,000,000 Tokens will be burned to lower Max Supply by 86% 81% and increase value of Backpocket Token.
For extra funds I will sell 4,000,000(.002/ea) on Paypal.
New Max Supply will be 28,000,000 32,000,000 Million.
The extra funds you'll get from selling token on paypal is also for token growth, so in other words, it's dev funds too. Converting to percentage, it'll look like this:
Total supply: 32,000,000
Total dev funds: 14,000,000/32,000,000 (
43.75%)
Initial funds: 10,000,000
Extra (dev) funds: 4,000,000
Faucet: 8,000,000/32,000,000 (
25%)
Investor (max) fund: 10,000,000/32,000,000 (
31.25%)
Up to this point (assuming all went well and all token is sold, because if they're not sold then they will be burnt, thus lowering the "total supply" and "investor max fund" percentage while proportionally increases "dev fund" percentage as this fund's amount is fixed) you'll hold 43.75% of the total token, which (as I understand it) you can use whenever or for whatever you deemed right. Further, a note about faucet, you state you'll also participate in claiming and accumulating, thus, another extra on dev fund.
