Recent airdrops have shown miners, investors and airdrop receivers that the value of the coin tends to drop sharply when it is 'dropped'. The coin is basically a newborn and they put it in the streets where it's not ready to face the world. Québecoin will be the first country-coin with a delayed distribution period. We will distribute one fifth of the premine at every block reward halving (2 years), which means it will take place 5 times in 10 years. This allows QBC to grow naturally at a steady rate and be adopted by the population of Québec on a voluntary basis. This also means that miners and investors won't be facing artificial drops in value. We think it's a win-win all around.
I have a couple of airdrop questions, which may have been answered already and I missed it... so apologies if it's a repeat question.
Have you mentioned how you will actually do the airdrop? Some automated ID system/check type of system? Manually checking each ID (which I would think impossible)? Facebook/social media verification? Something else?
Having a 3rd party hold the premine would help a lot to assuage fears, but I definitely wouldn't trust anyone upon this site, hero members, even those in good standing, to be that 3rd party. The bank idea could work possibly, although there is no real way for anyone to verify the bank is holding the cold wallets (that I know of, anyway).
I do disagree with the payout rate, but that is of course your call. Will there be at least one initial small airdrop, before the 2 year delay, or is it nothing at all for 2 years? Slow distribution makes sense, but if too slow, you really run the risk of the coin dying before anyone gets it. Then the fears of a dumped premine become even greater. If it was me, I'd go with an initial airdrop, then 6 month intervals, until it's used up. If you plan 5 airdrops, that gets you to 2.5 years. You could also do more than 5 drops, and spread it out a bit more. Crypto time is like dog years ... 2.5 years is like 10+ years for most other things.
By doing some type of airdrop initially, you also help the coin in another way ... trust. People can then see you can actually pull of the drop, and gauge local interest in the coin. It also helps with news coverage, as it may not be quite as popular news-wise (or with people) to have a regional crypto giveaway that takes place 2 years from now.
Yeah I've mentioned it already before. The ideal way is a combination of our health insurance card (RAMQ) which is only for residents of Québec and a form of social media like facebook. The info is not very sensitive and everyone has a unique number and mixed with facebook or other methods can be pretty fool proof as far as distribution goes. We'll build a section on the website for claiming the coins and try to automate it as much as possible.
For the 3rd party, I guess no one is 100% trustable but we can definitely create a way in which everyone involved knows the others don't hold a copy of the premine wallets in their possession. The bank holds it and gets instructions to not release it before a specific date, the trustees on the other hand hold the passwords. All of this is already more than what ALL other nation coins do. Every other dev has control of the premine wallets. There's already been one case of fraud with Aphroditecoin and that's why I'm so motivated to make sure people feel safe. These badly made clone nation coins have given us all a bad reputation and now I have to fight harder to provide integrity.
Like I said before there will definitely be a small initial distribution to select groups of early adopters in Québec. It won't be a significant amount but enough to play around with the concept. Additionally any coins I mine in the beginning will be 100% donated. Most people here are really thinking too much in the short term, yes crypto time is perceived as being dog years but in reality good things take time and I'm planning for the future where BTC is still around in ten years as the gold standard worth over 10 000$ per BTC (an example). There's no need to waste tons of coins in the beginning, 99% of people haven't heard about them and those who have get a ton of coins. The market gets flooded and miners lose interest when value goes down, investors are unhappy and the idea as a whole kind of fails since people associate monetary value to success in the crypto world.
The drop really isn't the hard part, it's getting people genuinely curious about it, enough to tell their friends. Which means that in 2 years when the first real airdrop happens (for 1/5 of the premine coins), there are already stores available which accept QBC and those who haven't gotten some already can get a share. In 2 years there will be approx 10 million mined coins and we will add 4.2 million to the market. That's a great ratio and if people actually have places to use them, they'll be less likely to dump them for bitcoin as they will with Auroracoin or Spaincoin or whatever.