ERC20 token will be 60b
1) First the development fund was 1b and now it will be +/- 3b ? Why ?
2) There are about 8K wallets, each wallet will get 100K extra tokens. So about 800 million tokens to be distributed.
3) I read here and there that 20b pcn coins will be blacklisted. What will happen with the remaining 16b coins?
4) What plans do you have to rebuild trust?
1) First the development fund was 1b and now it will be +/- 3b ? Why ?
2) There are about 8K wallets, each wallet will get 100K extra tokens. So about 800 million tokens to be distributed.
3) I read here and there that 20b pcn coins will be blacklisted. What will happen with the remaining 16b coins?
4) What plans do you have to rebuild trust?
1) The costs of DAPS will be over 500k$. This is reflected by increasing the DAPS allocation for the development, whch also facilitates more exchange listings before the main net launch.
2) Yep, this number will come out of the aforementioned 3.3 billion DAPS Development fund. Thats if every wallet is in fact claimed, though. So the remainder will probably just go back into the monthly airdrop funding. (Monthly airdrop is going to be main-net onward)
3) 20b+16b does not equal the current peepcoin supply, the amount was 56.7 billion on the snapshot itself. The DAPS token must have enough to cover all of this. So we must assume all of those peepcoins will be claimed and not blacklisted, and then work from there.
4) I'll be making an appearance on the larry and joe show, to explain the steps forward and what we have planned to kickstart our momentum again in this erc-20 phase of DAPS
I am also waiting.
His announcement rekt so many people, its perhaps even worse then the original developer. It would be only fitting if TheKingInYellow paid that 10btc which is needed to finish DAPS out of his own pocket. I hope he is not increasing the dev fund reservation to let the community pay for finishing daps. Instead of donating (which won't ever happen again in the near future) he increased the dev fund and in the end the community will pay for development anyway.
So please clarify the increased dev fund.
Thanks.
I'd also like to mention, in the original SWAP plans, the automatd chain-to-chain swap of Peepcoin-DAPS, the input Peepcoins were going to be burned. In this airdrop plan the Peepcoins are kept, and not burned. You get to stake, trade, and do what you'd like with them. In this way, you actually didn't lose anything. You just saw the Peepcoin go down in value.
I posit, did anyone really think Peepcoin had any value post swap? After the end of the swap period as originally planned. Taking these things into account, can we really say you lose if you got to keep the Peepcoin instead of seeing them burned. The "snapshot" just happens to be before that 1st announcement now, to preserve the core of people we would all probably agree are DAPS community.
weeee