- Once the total coin supply hits 5 million SCD. the POW will stop.
- The blocks will be generated using POB (proof of burn) but burning other coins.
- Each month will be a vote on the next to be burned coins.
i.e: MONEY will die soon, ECHO is dead, but they are still in the exchanges, we will issue a vote including all these kind of coins in the wallet, and the winner will be burnt during the month, in exchange of the burn, SCDs will be generated at the rate of 1 coin = 0.0001-0.00001 SCD depending on the value of SCD's value on exchange.
This will be the suicide protocole, it will help to clean some of the dead coins in the exchanges, while moving our coin forward. The Coin supply won't change. At 50% coin supply, we will activate the protocole for SCD in order to equilibrate the coin.
So who will claim the reward for the whitepaper contest? If this is your own idea (it pretty much sounds like it), then this would be considered unfair because you can't just announce a contest with a reward, and then say "oh look I submitted my own whitepaper to myself and I decide that I won the contest, so I'll just keep the reward!!" That's not how it works dude.
If no better ideas than mine have been submitted to you, I'd be happy to claim the promised 10.000 SCD. You should already have my address (or PM me). Of course you are then free to use your own idea instead, anyway.