Posting updates from discord :
Karel | CEO —
We modeled a lot of ICO scenarios and chose the most positive one, with the most interest, yet still a quite likely one. (Not the most likely.) With the mindset that we can always speed mint pace up, but there is no way to slow it down. So far the pace is quite rapid. I certainly didn't imagine there will be more than 7.5 million NCR in existence already before Neos Store launch. I'd say burn is not likely at this moment or more likely than before. I was just mentioning that as a reaction to the post by @steinsg8 who it seems wasn't aware of that it is one of the tools we might use to deal with slower mint pace in the future if that happens. In regards to the technical question about NCR burning, we have quite a lot of freedom in terms how to do it as our ERC-20 contract is a very vanilla one. It has to be in order to work well with Patreon (not a decentralized service). Ethereum to Patreon mint ratio is an unknown.
I think the cool and easily demonstrable way to burn the NCR would be to send them to the address 0x000000000000000000000000000000000000dead
https://etherscan.io/address/0x000000000000000000000000000000000000dead or 0x0000000000000000000000000000000000000000
https://etherscan.io/address/0x0000000000000000000000000000000000000000 no one clearly has the private keys for.
However for the slightest chance that we live in the one universe in billions where someone actually manages to find the private key (there are 2^256 combinations right now and networks will for sure move to more bits/different hash if/as computing capabilities increase orders of magnitudes and/or quantum computing becomes a factor) to one of these we might use a burner contract such as
https://etherscan.io/address/0xb69fba56b2e67e7dda61c8aa057886a8d1468575Karel | CEO —
The best sustainable long term crowdfunding platform that matches Neos long term nature was and probably still is Kickstarter. We had to design an ICO that works well with a Kickstarter campaign. Not really something we saw before. It was clear from the get go that it will be very different from the usual ICO that is designed to raise the maximum amount of funds fast, but also fail fast. Exactly the opposite of our sustainable mindset and vision for Neos.
We wanted for the ICO to move along with Neos development steadily, awarding the few early supporters (you) disproportionally more than those coming later on as the earlier version of Neos you see and use, the harder it is to find support for it, the more of a visionary one has to be to see what Neos can become. Hence the ~500x increase you correctly noted @Zyzyl
Karel | CEO —
Investors kept explaining how bad of a project Neos is over and over. The sane thing at this point would be to let go and move on. However Neos was and still is the coolest thing we can imagine. There is not something better to move on to. The full vision that Neos might bring so much joy and utility to people all over the world, that we might one day see full dive, push the Laundauer Limit, be a better platform for a lot of the human activities that make humanity unsustainable, do something that really matters in the bigger picture, become the good parts of TCKR. It's our life's work and just too good to let go. It was clear that Neos just doesn't fit the short term goal oriented funding and that if we want to continue, we have to find a way to fund Neos in a very different sustainable, long term way. Neos Alfa on Steam attracted some initial users (thank you guys and gals ) and we started thinking of making Neos work with crowdfunding. We wanted to give the project’s saviors - in part to prove so many investors explaining how bad of an investment Neos is wrong- something that would become valuable a we begin fulfilling the vision. We think limited virtual land in context of a metaverse is total baloney. (Not in context of a particular world - that might be a good way to raise funds for the world creator/operator.) What we knew though was that a virtual economy in a p2p metaverse needs a currency and it's going to be worth quite a lot if enough people start using it. There are precedents.
Karel | CEO —
Please feel free to skip the TLDR part, but I'm including it to provide full context for why the Neos ICO is designed as it is.
------ TLDR ------
The Neos ICO process was designed with the presumption that Neos itself is a very daring long term project. Very different from the typical run of the mill startup where you raise quickly, have to whip something up as soon as possible, see whether it sticks or not and then move on to the next thing. That approach doesn't really work for Neos. In order for it to be sustainable , scalable, be its own engine, have the full long term potential to gradually become what is our ultimate vision for a metaverse, it just can't be based on some game engine data model with some asset store packages on top, quickly whipped up. It needs a very long term sustainable almost Japanese like thinking and funding approach. It was taking quite a lot of time to properly develop the core systems, have something that looks plausible to an investor. At that point of time most of the companies in our VR focused business accelerator - now our friends and colleagues (we all shared a co-working space in San Francisco) - went already bankrupt and we were on the end of the line as well. Staring into the abyss. Elon Musk has this quote “Running a startup is like chewing glass and staring into the abyss. After a while, you stop staring, but the glass chewing never ends” and it's very true.
Karel | CEO —
Hi everyone, the Content Developer Fund and its token CDFT was just announced over in #🌃neos-updates channel. You can read about it in the updated Neos White Paper at
https://neosvr.com/whitepaper.pdf It's a way of rewarding and supporting the extraordinary efforts and contributions of our amazing community. Slightly over 11 mil USD mint value if all goes well. We've tried to balance the fund to not impact valuation for other holders, but to still make it enough to make some difference for community developers. Everyone will be able to apply, we'll share more info on how to do that in the weekly update.
But that also makes it fun. 