I just read through the whitepaper. I like that you are trying to make a cryptocurrency that does not resemble a pyramid scheme. It is obvious that the current ICO system rewards early investors and then lets them make money at the expense of the later investors. It is also obvious that many airdropped coins will never build anything of value because they fail to attract a core community that is committed to anything other than dumping the coins they received for free. I liked how this was all outlined clearly in the whitepaper.
Nevra at least has an interesting idea whereby anyone can become a part of the community by meriting it and not by just spamming the forum asking for free coins. However, I fail to see the bigger vision behind this coin. Sure you guys aren't going to be spamming everywhere to promote your coin, but what will drive this currency to success? I understand that having a core group of 1000 people who contribute to the community will be a good start, but beyond making your own chain, what problem do you solve? What is the impetus for an investor to be interested in this project long term? The coin is fairly distributed, but where will we use this token? Why will anyone want to buy Nevra in the future?
This was a quote from the whitepaper but I did not understand what it meant. Clarification would be much appreciated.
"Nevra’s purpose is to create this type of distribution, then create an entire brand-new blockchain that will inhibit transactions of their stakes by providing an actual platform."
The bigger vision behind the project remains a vision of Bitcoin's decentralization, a blockchain that is governed by no one. Many coins drive a purpose, and many of those purposes remain just for profit, to generate a mass appeal and hype quickly to make the quickest return possible. The end goal here for Nevra is not driving profit, but will be a by-product of the creation and distribution of the coins and the infrastructure that will be announced shortly after the distribution and testnet phases are completed.
To go into it further, we're going to create a smart-contract system with a marketplace resembling NXT/ETH, where the initial Nevra will be a gateway for coins to use this blockchain. Along with that, there is a few unannounced aspects that i'm not going to discuss here for the mainnet, due to the fact we are a few months off from it being fully realized. As the distribution comes to a close, more details will come out on how this will draw new members into the infrastructure, how we are going to broaden the appeal outside of Bitcointalk.
At the end of the day, the entire approach is to create a structure and solidify a base on Bitcointalk before branching out too quickly and trying to promote and gather a community outside BTT. This may seem like an outdated approach, but in turn, will help the coin to grow at a more solidified rate. By scattering the community into sectors across telegram, discord, twitter, etc yes it's very broad at the start, but it's quick to die off in the end if you're aren't relentlessly hammering those networks until you reach a pinnacle where it becomes a household name amongst all crypto users, which few coins actually achieve to date.
I know these seem like vague points, but the main initial goal is to really distribute the coin in the purest manner possible. As we move forward all the plans will be revealed at a steady rate, i assure everyone that. There is no financial incentive in the foreseeable future, for the team behind this coin until the mainnet is launched.
The updated version of the whitepaper will be launched as soon as the Stakeholder period is completed, in April.
I like the fact that investors and the founding team won't get rewarded initially. I also like that you will have a very solid base of founders who will be committed to this project from the start. This will build a solid foundation to branch out into whatever you are planning. I have followed you for quite some time on bitcointalk and your integrity is admirable, you warn people of XRP, ArcBlock, and all these other ICO shitcoin scams.
You are a person I trust to make good on your word. I am interested in this coin and know it will be a great success because the founder is serious about doing things the right way. Other crypto projects should take note of how this currency is being started. Honestly, without the intention of scheming or selling a product that does not yet exist.