The idea 8% for 21 day then fork to 8% annual was popular. I did this so people could pay small amount of cash, 10 euros or whatever in beginning, with rented ASICS or buy from exchange and participate. You buy 1500 coin for .005 and have over 4000 by day 21 was the dream. Price would stay high because everyone rushing to buy coin make this good investment and gather interest while i worked on advertising portal. Distribute premine through clickthrough ads after high stake 8% daily was finished, to gather even more interest and prove system work. This all change now and no longer reality but better developer is bringing interest to this project so I want to still be in community
I think it is important that there are a development fund under escrow, especially if the original dev's vision included things like coins for click through which sounds like a good idea. If donations have to be asked all the time it can become a problem due to human nature - nobody will want to donate and only a few will. It should be possible to establish this during the coin swap.
This can be done in 3 ways:
1) Community contributes like they do with coins that have no premine. Although this seems to hamper things a bit and slow down development. An amount can be agreed upon e.g. 40k
2) A tax of 1 or 2% is levied by Bittrex on the new coin supply and the remainder becomes the pool for swap out.
3) When the new chain is launched there will be a coin supply in an account. Bittrex goes into staking mode and stake that for 1 day. The stake becomes the development fund. The coins are then swapped out.
im good with whatever the community and our dev decides. either way im sure if the plans in the op work out, this will be a top choice of investors at 8% annual or 50% annual
