Topic: Best way of initial coin distribution - page 5. (Read 5230 times)
50% in IPO/ICO (whatever the difference is), after you have promoted it enough to get as much investors as Ethereum did. Then the other 50% as forging rewards released over the next 10 years.
I'd distribute them mainly to promote the coin itself: twitter/facebook giveaways, bounties, faucets, sig campaigns...
CLAM distro is worth looking at.
Then exchanges will get big share for free while the original owners will get nothing.
I'd like to get your suggestions about the best way of initial coin distribution of a 100% Proof-of-Stake coin.
NB: Actually it's for a network-bound proof-of-work coin but from formal point of view it's the same problem. Network-bound PoW system requires a lot of explanations, let's make appearance that we are talking about PoS now, the majority is more familiar with PoS than with network-bound PoW.
NB: Actually it's for a network-bound proof-of-work coin but from formal point of view it's the same problem. Network-bound PoW system requires a lot of explanations, let's make appearance that we are talking about PoS now, the majority is more familiar with PoS than with network-bound PoW.
So the is work prolonged by network latency? Like having to communicate with a bunch of computers all over the place to get enough data to solve the puzzle where the difficulty is how long the connections take to complete? interesting..
It seems that the BCNext way will give you lots of strife from the current bitcoin community (as we've seen) So I suggest either a BCNext style one with a wider reach, or allowing people to redeem packs of coins on the new system by posting a token of an nxt account with a balance higher than X at a certain point.
CLAM distro is worth looking at.
Well, Let's say you've %100 premined 1 mil coin. I would distribute this coin like that;
10% of this coin: IPO
10% of this coin: ICO (x2 price of ip price)
10% of this coin: signature campaign
10% of this coin: twitter/fb shares, followers etc.
10% of this coin: 7 day mining
...
Something like that: which covers all of the methods to distribute coins. For instance: I want to mine then I'll mine it pow mining. I don't power to mine so I'll join sig campaign. I don't want to do anything bu want coins then I'll buy with ipo/ico etc.
Everyone can collect coins how they like.
10% of this coin: IPO
10% of this coin: ICO (x2 price of ip price)
10% of this coin: signature campaign
10% of this coin: twitter/fb shares, followers etc.
10% of this coin: 7 day mining
...
Something like that: which covers all of the methods to distribute coins. For instance: I want to mine then I'll mine it pow mining. I don't power to mine so I'll join sig campaign. I don't want to do anything bu want coins then I'll buy with ipo/ico etc.
Everyone can collect coins how they like.
What are differences between IPO and ICO?
PS: We can't use mining, there is no infrastructure for that, all the coins must be distributed before the genesis block.
Well, basic difference is price.
On ipo: you designate a time let's say it's a week.
You collect funds for a week, let's say it's around 12 BTC for 100k coins.
What's ipo price? 0.00012 btc for each coin.
On ico; you designate the price of the coin. You can say ICO price is 0.00024 btc for 100k coins. Then you can collect 24 BTC for it.
Basically prices are different.
I'd like to get your suggestions about the best way of initial coin distribution of a 100% Proof-of-Stake coin.
NB: Actually it's for a network-bound proof-of-work coin but from formal point of view it's the same problem. Network-bound PoW system requires a lot of explanations, let's make appearance that we are talking about PoS now, the majority is more familiar with PoS than with network-bound PoW.
NB: Actually it's for a network-bound proof-of-work coin but from formal point of view it's the same problem. Network-bound PoW system requires a lot of explanations, let's make appearance that we are talking about PoS now, the majority is more familiar with PoS than with network-bound PoW.
So the is work prolonged by network latency? Like having to communicate with a bunch of computers all over the place to get enough data to solve the puzzle where the difficulty is how long the connections take to complete? interesting..
It seems that the BCNext way will give you lots of strife from the current bitcoin community (as we've seen) So I suggest either a BCNext style one with a wider reach, or allowing people to redeem packs of coins on the new system by posting a token of an nxt account with a balance higher than X at a certain point.
Would all depend on execution though because you want investors to make profits.
Profit is not required, we can do it a-la Nxt (collect very little amount just to know how to distribute the coins).
Well, Let's say you've %100 premined 1 mil coin. I would distribute this coin like that;
10% of this coin: IPO
10% of this coin: ICO (x2 price of ip price)
10% of this coin: signature campaign
10% of this coin: twitter/fb shares, followers etc.
10% of this coin: 7 day mining
...
Something like that: which covers all of the methods to distribute coins. For instance: I want to mine then I'll mine it pow mining. I don't power to mine so I'll join sig campaign. I don't want to do anything bu want coins then I'll buy with ipo/ico etc.
Everyone can collect coins how they like.
10% of this coin: IPO
10% of this coin: ICO (x2 price of ip price)
10% of this coin: signature campaign
10% of this coin: twitter/fb shares, followers etc.
10% of this coin: 7 day mining
...
Something like that: which covers all of the methods to distribute coins. For instance: I want to mine then I'll mine it pow mining. I don't power to mine so I'll join sig campaign. I don't want to do anything bu want coins then I'll buy with ipo/ico etc.
Everyone can collect coins how they like.
What are differences between IPO and ICO?
PS: We can't use mining, there is no infrastructure for that, all the coins must be distributed before the genesis block.
I have an idea, start a free casino!
Make it hard enough so having multiple accounts won't really help.
Make it hard enough so having multiple accounts won't really help.
I'd like to get your suggestions about the best way of initial coin distribution of a 100% Proof-of-Stake coin.
NB: Actually it's for a network-bound proof-of-work coin but from formal point of view it's the same problem. Network-bound PoW system requires a lot of explanations, let's make appearance that we are talking about PoS now, the majority is more familiar with PoS than with network-bound PoW.
NB: Actually it's for a network-bound proof-of-work coin but from formal point of view it's the same problem. Network-bound PoW system requires a lot of explanations, let's make appearance that we are talking about PoS now, the majority is more familiar with PoS than with network-bound PoW.
Just premine the whole thing except a small portion for mining and sell/give-away at good prices for what you need for expenses.
or
You could have no premine but a longer POW period (1-3 months)
Would all depend on execution though because you want investors to make profits.
Well, Let's say you've %100 premined 1 mil coin. I would distribute this coin like that;
10% of this coin: IPO
10% of this coin: ICO (x2 price of ip price)
10% of this coin: signature campaign
10% of this coin: twitter/fb shares, followers etc.
10% of this coin: 7 day mining
...
Something like that: which covers all of the methods to distribute coins. For instance: I want to mine then I'll mine it pow mining. I don't power to mine so I'll join sig campaign. I don't want to do anything bu want coins then I'll buy with ipo/ico etc.
Everyone can collect coins how they like.
10% of this coin: IPO
10% of this coin: ICO (x2 price of ip price)
10% of this coin: signature campaign
10% of this coin: twitter/fb shares, followers etc.
10% of this coin: 7 day mining
...
Something like that: which covers all of the methods to distribute coins. For instance: I want to mine then I'll mine it pow mining. I don't power to mine so I'll join sig campaign. I don't want to do anything bu want coins then I'll buy with ipo/ico etc.
Everyone can collect coins how they like.
I'd like to get your suggestions about the best way of initial coin distribution of a 100% Proof-of-Stake coin.
NB: Actually it's for a network-bound proof-of-work coin but from formal point of view it's the same problem. Network-bound PoW system requires a lot of explanations, let's make appearance that we are talking about PoS now, the majority is more familiar with PoS than with network-bound PoW.
NB: Actually it's for a network-bound proof-of-work coin but from formal point of view it's the same problem. Network-bound PoW system requires a lot of explanations, let's make appearance that we are talking about PoS now, the majority is more familiar with PoS than with network-bound PoW.
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