Coins that have a treasury system | Bitcointalksearch.org

coinamu

full member

Activity: 476

Merit: 106

Sounds complicated or just me being not familiar with it. And you say that

Quote

There are a lot of Dash forks that have a treasury system. Dash is the biggest but losing ground fast. It seems that the Masternodes are financing sketchy pet projects, probably made by their own alt accounts. It's a good model with too few checks and balances.

why you want something like that again ?

thesavoyard

sr. member

Activity: 560

Merit: 253

Well, starting with Dash. The way new coins are distributed is like this 45% go to the miners, 45% go to the Masternodes who are responsible for updating the network and voting on the treasury. 10% of all newly minted coins go to the treasury.

Each month, people submit proposals to the treasury. This is meant to promote the coin, develop new tech or create partnerships. If a proposal passes, they get paid in the coin a few days later.

There are a lot of Dash forks that have a treasury system. Dash is the biggest but losing ground fast. It seems that the Masternodes are financing sketchy pet projects, probably made by their own alt accounts. It's a good model with too few checks and balances.

DarkDrake

newbie

Activity: 54

Merit: 0

i would like to know what this treasury system is as well. this is the first time i have heard about it.

Ros-In

member

Activity: 306

Merit: 14

what exactly treasury system and how it work ? can u explain it to me.

thesavoyard

sr. member

Activity: 560

Merit: 253

Not one person has suggestions?

thesavoyard

sr. member

Activity: 560

Merit: 253

We're working on a large open-source project and we're trying to get funds from the community to help bring it about. Since the Dash treasury has been converted into a cash cow for the Masternodes, we're looking for similar coins that might want to contribute. The project will give the kind of flexibility that NVO offers, anyone can add support for their coins.

Here are the ones I know:

Dash - not wasting my money there
Crown
PivX
Polis?

Any others with a functional treasury system?

Topic: Coins that have a treasury system (Read 104 times)