Topic: Kora:: What should we do with left over stakes? - page 4. (Read 5607 times)

I prefer to distribute them among all existing stakeholders. I believe that a percentage of coins reserved for development that is too high will not benefit the image of the coin. Too much coins in the hands of developers is always countered by suspicion...
On the other hand everyone should realise that a crucial aspect of a coin's future lies in continuing development!

So I think we should all commit to contribute to bounties if the coins get distributed over the existing stakeholders. ( I know , I 'm a little naive  )

I prefer to the option "Distribute to existing stakeholders"

The unclaimed coins in Nxt were used for bounties to pay marketing, infrastructure, and developers.  I think it worked well.

The Kora registration process is going very well, but it looks like we will not reach 3000 stakeholders. What should we do with the left over stakes?

I can see advantages from all options (and maybe we can split any left over stakes between two, or even all three options above), but I think the best option is 3. Keep in trust for later distribution

IMO we have 25% for power bounties, plus 5% for the core dev (plus a little extra bitcoin payment from me), and the webapp registration dev also has 5%, so I think we have dev bounties covered. I do want to encourage people to donate to the dev team though, but we have planned well for formal community bounties IMO.

In my mind the choice is between increasing the size of the stake for existing stakeholders, or keeping the remaining stakes in trust and opening up registrations later on when Kora is better known. I feel Kora has momentum now, and once we distribute Kora tokens on the NXT AE we will get a lot more exposure. I've already had approaches from some crypto media outlets, and I think in 2-3 months once nioccoin has had some time to lay out his future dev roadmap to the community, I believe Kora *could* have a sizable buzz around it similar to what NEM has now. If that does happen it would be so awesome to be able to open up registrations again for another ~1500-2000 stakeholders.

I believe by opening up registrations later on for a 'round 2' we *could* end up increasing the value of the round 1 stakes by a larger amount than if we distribute the left over stakes to existing round 1 stakeholders. IMO the real 'value' comes from the Kora community, and as stakes are free we need to expect a lot more passive bystanders than NXT & Qora have. For that reason I think having those left over stakes in trust for later distribution is the best option.

One of my non-negotiable Kora fundamentals is 'Kora stakes are free', so I can guarantee there will NOT be an auction or sale of any left over Kora stakes. That doesn't mean that we can't raise the bar a little and ask any interested people to 'contribute' in some way. The first round of Kora registrations included some tasks, but we weren't asking people to do any 'work' as such. If we opened up registrations again in 2-3 months for example, we could distribute Kora stakes based on a non-monetary contribution that doesn't advantage people from high exchange rate countries.

That is a key requirement for me. A small bitcoin amount to me, like 0.01 btc, IS NOT small to someone from a low exchange rate country, so having an auction for any left-over stakes is non-negotiable as far as I am concerned. We can however, ask that round two Kora registration users agree to contribute some "hours" to Kora. That could be promotion, writing, dev, artwork, slogan writing etc etc. Anything useful

Anyway, lets see what people think, and then we will decide as a community!