Topic: BTX Distribution-Oct 30th - page 4. (Read 3510 times)

Well the beauty of it is my 3% airdrop continuation until February would absolutely deter anyone from moving their money until February. If the devs put in some serious work and meet benchmarks then the dumping will be at a minimum and we should have buy support from larger exchanges. Additionally, all coins other than the dev fund will be distributed so we will look more legitimate to others. In addition to that I disproved in the announcement thread that the major holders would have a disproportionate share of the coins. Even the 4th largest address would have less than 1% of the coins.

The difference between the two is that the devs only want to give us a +25% drop on October 30th. This would mean if you hold 100 coins you would have 125 coins. My plan would give 25% of all unclaimed coins to the BTX holders which would be substantially larger. Additionally my plan has the 3% air drop continuing until about February so that new investors and old investors alike have the incentive to hold while the coin is being developed. This is to prevent people from dumping their newfound wealth and tanking the price of the coin. Both plans still have the devs receiving 10% of unclaimed coins and the drop to BTC holders at a rate of .4 BTX to 1 BTC.

Nope! His proposal suggests +25% of remaining coins instead of +25% added to existent balances on October 30th. Huge difference!

I disagree with a massive drop of 25% remaning coins, this would totally distort the market, resulting in a 3x of coins in circulation and making it harder for people getting in now or later to get a fair share.

Guys, you have to realize the mid- and longterm value of BTX will be largely determined by its massive adoption. If you choose a distribution model like cryptokid, you create a dump coin as Most people are probably selling 50%+ after this massive drop.

For everyone interested in a stable Bitcore with great longevity and a chance to reach mass adoption and top100 - top50 market cap, I'd suggest to Go with the dev's plan.

Regards,
Krytowerk

Your proposal isn't much different from that of the devs. Therefore, I'd chose #1. My proposal was an incremental increase in the percentage of the airdrops. No offense, but I don't really see the benefit of your proposal if it is nearly identical to that of the devs.

Do i need to buy the btx in the market and stake my shares to get an airdrop? I just know that if btx just like byteball airdrop which just linked your bitcoin and you are able to receive free btx.

So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?

Make sure to vote above for it. I am wanting to gauge what the community truly wants.

I would prefer hybrid distribution plan as you also suggested. Distribution numbers are pretty clear in that picture.

Please choose whichever choice you think is best but please read the brief descriptions for each choice that are given. If you need more background information then be sure to read the announcement page.

*edit* The link below is to the announcement page and it will explain what BTX is if you don't already know.

https://bitcointalksearch.org/topic/annmain-bitcore-btx-datacarriersize-up-to-220-bytes-1883902

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. Additionally, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. the devs will retain 10% of all unclaimed coins for future development and compensation.

*edit* Here is the devs projections upon request.

https://imgur.com/a/7TWPg


2. Hybrid Distribution Plan (My Proposed Plan)

On October 30th 25% of the unclaimed coins will be airdropped to BTX holders in proportion to the percentage that they own. (excluding the accounts the devs control) All BTC holders with more that .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. The developers would then still have enough coins they control to perform 3% weekly airdrops until late February. After that the coin would be fully distributed out to the public. The developers would still retain the 10% of the unclaimed coins on Oct 30th for future development and compensation. This is roughly how numbers would be distributed out under this proposal. The second link shows the benefits of not dumping your coins after the drop since the 3% weekly airdrops would continue for 4 months or so under this plan. This should be a check on the potential dump that could occur. Smart investors will definitely hold their coins for the long term.

https://imgur.com/a/GJq27
https://imgur.com/DBRyH9O

3. Continue 3% Weekly Airdrop

This would be the simplest and slowest method of all and it would simply continue the 3% weekly airdrops until the coin is fully distributed. The developers would still get 10% of the unclaimed coins for development and compensation.

*edit* This one is too long for me to want to project out. It isn't that hard since it is in an excel spreadsheet with formulas but I still have to manually punch in the dates.