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Topic: Decentralized Contents Reward System: Follow Extension (Read 720 times)

newbie
Activity: 38
Merit: 0
Does the team have experience in this sphere?
full member
Activity: 294
Merit: 101
Professional English - Korean translator
full member
Activity: 336
Merit: 100
I want to reserve Filipino translation. Pm'd you. Wink
newbie
Activity: 14
Merit: 0
ANNOUNCEMENT:

Token sales will be on the first week of November

Anyone can receive tokens without participating the pre-sale.
We prefer people to receive their tokens via contribution.

Pre-sale is just designed for only people who are interested in this project and think it has a bright future but do not have a time to contribute on it.
newbie
Activity: 14
Merit: 0
What is the ticker for the tokens? What is the minimum amount for participating in the pre-sale of your project?

The ticker is "FOLLOW" and minimum amount for participating is 1 ETH.
hero member
Activity: 1218
Merit: 500
BintexFutures
What is the ticker for the tokens? What is the minimum amount for participating in the pre-sale of your project?
newbie
Activity: 14
Merit: 0
2mil $ is very small cap and even burning unsold tokens so initial cap on CMC can be below 2mil right?

Yes. but the initial cap on CMC is determined by the price of token, which is unexpectable. Instead, it is true  minted tokens * initial token price will be below 2mil. Smiley  
newbie
Activity: 6
Merit: 0
2mil $ is very small cap and even burning unsold tokens so initial cap on CMC can be below 2mil right?
newbie
Activity: 14
Merit: 0
Wow, This project is interesting.
I wonder how the token sales plan goes.

It's going to be announced soon. Presale will be within a month
jr. member
Activity: 89
Merit: 5
Core dev worked at Microsoft HQ?   Shocked Huh Seriously?
newbie
Activity: 1
Merit: 0
Wow, This project is interesting.
I wonder how the token sales plan goes.
newbie
Activity: 14
Merit: 0
Do I need to fill out a whitelist form? If so please let us know

Not yet, but it is possible to make a whitelist if many people are willing to participate the presale.
newbie
Activity: 14
Merit: 0
50% will be distributed on pre sale and unsold token will be burned ?
if this happend and some token is unsold on pre sale - how do we know if unsold token already burning ?
thank you

That is all in smart contract I presume?

Yes. You are right. Smart contact guarantees and forces everything works as planned. Thats why it is named “contract” Smiley
newbie
Activity: 6
Merit: 0
Do I need to fill out a whitelist form? If so please let us know
newbie
Activity: 14
Merit: 0
50% will be distributed on pre sale and unsold token will be burned ?
if this happend and some token is unsold on pre sale - how do we know if unsold token already burning ?
thank you

Great question. Proving and transparency are important in blockchain projects, especially for token and crowdsale contracts.

Technically, unsold tokens are not going to be burned. Instead, tokens are only minted when crowdsale contract recieves some amount of ETH received. Since we are running a presale contact using "CappedCrowdsale code" (we set 5,000,000 tokens for presale), it is guaranteed that amount of minted tokens will be between 0 ~ 5,000,000. If this project raises half amount of the goal, then it's going to mint only 2,500,000 tokens. The unsold tokens are technically "burned" in the sense that they never existed at all.

Some people have hard to time understand this logic and that's why other people usually just call this method "burning". There are some team mint all tokens first and then really burn unsold tokens later, but it's doing same thing with more works and waste of gas.

Anyone can check the contract codes on here. Let me know if you are not familiar with solidity programming and want to know more detail. I can help Smiley

https://github.com/FollowExtension/contract



jr. member
Activity: 89
Merit: 5
50% will be distributed on pre sale and unsold token will be burned ?
if this happend and some token is unsold on pre sale - how do we know if unsold token already burning ?
thank you

That is all in smart contract I presume?
full member
Activity: 395
Merit: 100
50% will be distributed on pre sale and unsold token will be burned ?
if this happend and some token is unsold on pre sale - how do we know if unsold token already burning ?
thank you
newbie
Activity: 14
Merit: 0
Looks good. I liked motivations of this project and the team looks honest. I have a few questions to ask you about this project and participation. Is there any AMA session?

You can always send me a dm on Slack and talk about project participation. Any participants are welcomed and going to be rewarded. For AMA session, we are going to open a session before pre-sale period, which is within a month.
newbie
Activity: 6
Merit: 0
Looks good. I liked motivations of this project and the team looks honest. I have a few questions to ask you about this project and participation. Is there any AMA session?
newbie
Activity: 14
Merit: 0
double thread here? https://bitcointalksearch.org/topic/decentralized-contents-reward-system-follow-extension-2274783
its better to lock that. so that no one confused. thanks in advance.

Thanks! just locked the previous thread.


I guess this project is basically similar to what Steemit tried. But it's going to solve problems steemit has. good job.
I saw the road map but just want to make sure that it will be possible to make profits from making contents since 2Q, right? or 1Q?


right, it's going to solve other contents rewarding systems like steemit because cheatings wont exist.
Yes. It's going to be 2Q
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