Topic: Kora:: What should we do with left over stakes? - page 2. (Read 5602 times)

To distribute it among existing stakeholders indeed seems to be the best option. Too much coins in the hands of developers is always countered by suspicion, and will not benefit the image of the coin.

That is the benefit of being the first. Back on January no one cared about sock-puppets and transaction posting. All this mess is due to NEM and UtopianFuture. My advice: do a proper IPO; there you at least have some reserve power to develop your coin.  

I think you need to close it once you do.
Having some get more than others will be like thanksgiving for trolls

Get who is interested now. Close.

Build community. Build coin. Auction off stakes before launch for extra development funds. Coin launches. It has value. Pay those that work for Kora in Kora.

Then get some rest after that its over!! This looks like its gonna be a big one!! lol

Point well made. Crypto is a crowded market place now, and I think most can see Kora is legit and trying hard to get things right, but maybe we do need some of our community to post a little more to bump our threads!

Forum mods are more strict now though, and we've already had out BTT confirmation thread locked, and the days when 100+ pages of 'interested' posts were tolerated are long gone.

Let's definitely keep a good percentage for bounties and development, thats a must if ya ask myself.

BUT TOO MUCH = NO COIN

Have the community decide how much we need for bounties and development then split the rest among the stakeholders.

By design we have devoted a high proportion of stakes to dev shares and bounties, so the choice for me over what to do with left over stakes is really between:

1- giving them to existing stakeholders
2- giving them to future stakeholders

I personally favour 'future stakeholders' - Imagine the marketing potential of opening up registrations for free stakes in a few months when Kora is better known and has generated interest from the wider crypto community. It would be something unique in the crypto landscape - not an auction, or a sale - but another method of giving away a large number of free stakes. It would be a very powerful marketing tool, and as the Kora tokens distributed from round 1 will have been traded on the NXT AE for a while, we will know exactly how much each stake is worth.

Kora coin giving away ~1500 stakes worth $XXX.XX each!

Imagine if NEM was able to give away ~1500 NEM stakes before they released their beta version to the public? We know a NEM stake is worth ~25,000 NXT. What an amazing marketing opportunity, and think of all the ways you could do this to generate interest, and promote the core values of 'Kora' coin!

- some free stakes for charity
- some free stakes given away randomly in a lottery
- some free stakes to people offering to do useful tasks for the community

Remember, Kora is very small now but that will change. nioccoin has started to outline his plans for the tech side just in the last few days. Imagine where we'll be in 2-3 months time?

The question for existing stakeholders is would the original stake actually be worth more in the long run from having the 'potential' options described above available to us?

IMO our greatest asset right now is the number of interested people following Kora who *might* be interested enough to get involved. Offering free stakes in a new coin is easy, and I'm not surprised that we hit 1000 stakeholders quite quickly. But how many of those ~1000 people will stick around and stay involved over the medium & longer term? That's what we need to bootstrap Kora - an active community. The 25% for power bounties is a nice motivating 'honey pot' to get people thinking about 'doing things', but first and foremost we need lots of stakeholders.

What about a 50:50 split? We give half the left over stakes to existing stakeholders, and save the other 50% for later distribution in a 'round 2'.

agree

Dump it

Distribute among those, who have already applied and been verified.

One's answer to the poll may be different depending on one's strategy for accumulating wealth.

If one wishes to get most profit in the quickest way possible (dump), then option 1 would be best as it would give one more to sell at once.

If one wishes to grow their wealth (hold), either of two or three would be best as they would allow for meeting challenges as they arise.

So what's the likely number of stakeholders ? Keep in mind that 50% has been reserved for multiple forms of bounties and development shares. So my vote is for giving to current stakeholders. There isn't a need for that much coin under a centralized control. NEM has only 25% under a centralized control and people are already complaining bloody hell.

I made my thoughts known at the start of the poll, but the result of the poll is clear, and people prefer to distribute left over stakes to existing Kora community members. I can live with that!

IMO it is obvious that a smaller slice from a bigger pie is *probably* going to be larger than a bigger slice from a smaller pie. A larger pie is best achieved by:

1- increasing the number of stakeholders by keeping left over stakes in trust for distribution at a later date
2- using the left over stakes to pay for development bounties

But that's just my opinion, and most people clearly think differently.

What would the Poll result be if we included 'combination' options that included splitting the left over stakes into 2 or more of the original options?

Poll options would be something like this:

1- increase stakes for existing stakeholders
2- use for dev bounties
3- keep in trust for later distribution
4- 1 & 2
5- 2 & 3
6- 1 & 3
7- 1 & 2 & 3

I know it's a bit complicated, but it would be good to try and get the best 'bang for our buck' from any left-over stakes, and even though distributing to existing stakeholders is the clear winner, we might get a different answer if we include combinations in the Poll.

Should we have another Poll, or go with the clear winner?

 

stake holders already have a stake, it wont help the coin in anyway
i chose 3rd, 2nd is good too

This. The vote is simply people being greedy.

73% for "Distribute to existing stakeholders"

not much more to say

Balanced approach would be best in my opinion.

Perhaps some kind of mix would be good.

For example,

1. A person who joins now would get more than someone who'd come in later
2. We could set aside some of it for further development and bounties
3. We could open form again later and distribute to some extra people, getting even more support

That's my take on it anyway.

Of course most people want to distribute the remaining stakes to the current stakeholders. But it would be more wise to put more Kora in bounties and to pay more devs. That's more important than having even richer stakeholders.

Take them over as bounties etc and when everyone least expects it and the price is decent sell them off and book a flight to Bali.

Oh sorry you asked what we should do, I thought you wanted to know what we thought you were going to.