Hello Chronobank community.
I am a hobbyist developer and I have fun doing some cryptocurrency projects.
I am planning to deploy a new blockchain based on ethereum and my plan is to take a snapshot of the TIME tokens at a predetermined future block and it will be the basis of the genesis block of my upcoming project. And all you will need is the private key of your TIME to claim your tokens. I have looked at several erc20 tokens and this is my best candidate so I am going for this.
So basically I will launch a new blockchain and 90% of the supply will be distributed to TIME holders (with certain rules like you should have 10 to 1000 TIME to be included).
And then at a later date, we will go live and the genesis will include a hash of a future ethereum block to make the launching as fair as possible.
Please provide me feedback of what you think.
If I will get a majority positive feedback from you, we can do this within the month.
I am also open to suggestions.
did you try to reach team on Slack?
not yet. im preparing everything. the only thing i don't have right now is how to get all the balances of TIME for every address on a certain block.
i don't know how to that yet but i will get there.
so what i'm thinking is like this, i will create a new project called Evolution (not yet final).
there will be 100M EVO
10M will be for development
90M will be given for free to those who will have 10 to 1000 TIME at block N.
your share of the 90M will depend on how many of the TIME holders are qualified.
so after block N i will prepare a genesis block for Evolution and let the chronobank community check it for errors.
if everything is ok, we will select block N+M and get the hash and include it in the genesis.
this is so that the miners will have M blocks to prepare to mine and nobody will have an advantage in mining.
Evolution will be a smart contract platform and will be the platform i will build on until my retirement. it will be my home.
everything is free. no ico. i will be incentivized to improve it because i will have a substantial stake in it.
now if this is good to the chronobank community, i can make it happen. i'm actually enjoying the ethereum codebase and i'm excited.
why chrono?
i love chrono and i plan to buy also and get some extra evo.
Oh, this could be good, thanks for choosing the CB community to do your snapshot.
Will the reward be proportional? I.e. the more TIME one has, the more EVO will be able to get?