lollypop token Rebrand pre-Announcement threadLink to legacy LOLLY ann thread: https://bitcointalksearch.org/topic/annlollylollypop-1st-dividend-paying-erc20-token-5187622follow us on twitter
https://twitter.com/TokenLollypopjoin us on telegram
https://t.me/LollypopCommunityjoin us on Discord
https://discord.gg/REGSGGnlegacy lollypop token(LOLLY)lollypop is the worlds first dividend paying smart contract token that gives its holders 1% Dividends each day on their token holdings. Lollypop aimed to be used as official currency on gaming and gambling platform which was planned to be built and launched by December.
legacy lollypop token (lolly) started as a private funded project in late September 2019. lollypop token was promised to be funded by a private investor who was given a remarkable part of token supply in exchange for his investment capital in the project. It was decided that the private investor would get lollypop listed on a decent exchange and would also pay for the initial expenses that occur to build and run the project. soon after the exchange was made and the private investor was sent his part of token supply, he backed out from the deal, Though he got lollypop listed on an exchange, He denied to pay for any other expenses which he had to pay. The private investor was requested multiple times to keep his side of the deal and pay the agreed sum which was to be used for running the project. we soon realised that the intentions of the private investor were to take advantage of the project founders and to deliberately cause harm to the project. A decision was made to swap lollypop to a different contract address and cut out the offender.
The all new Rebranded lolypop token- a new Era beginsThe situation caused by the offender put us in a tense state but also proved to be one of the best things that happened to lollypop. After a lot of brainstorming a new idea was born.
The all new lollypop re-brand would be quite different from the legacy lollypop, with most basic features remaining the same. This would take lollypop to a whole new level.
Lollypop won't just simply get swapped anymore and distributed to the holders of legacy chain rather it would be distributed among crypto community in a way never seen before. This idea makes lollypop much times stronger than before.
This situation helped lollypop realize its flaws and how we could improve them.Flaw one: immense capital is required to run a project and if you don't have that you probably would get taken advantage of.
Solution:we have decided that the new lollypop rebrand would be a community project with the community owning up to 95% of the token supply. This approach would help lollypop unlock the power of community decisions. Fairly distributing most of the token supply to the community also obliges them to take part in making progress.
Flaw two: we realized that lollypop was never decentralized enough, with the team and the private investor owning most of the token supply, the only way to make the project more decentralized was to distribute tokens at the exchanges (like in the case ripple does). But this process is often perceived as something negative by those who don't truly understand the intention of the project.
Solution:The new lollypop would be distributed in a way that would blow your minds. The new lollypop is built to meet utmost level of fair distribution and decentralisation. This process of distribution of tokens is something never seen before!. There would be no free airdrops, rather the tokens would be fairly distributed to those who deserve them. The legacy lollypop token holders would be reimbursed with the new tokens(excluding tokens received in airdrops).
NOTE: After this re brand legacy LOLLY tokens would be deemed as worthless and won't be getting any developments, it would probably get Desisted. It is recommended to stop trading legacy LOLLY at stex.com
This is a pre-ann of the lollypop re-brand announcement. Sit tight for this massive reveal which would occur in about 10 days. Put this topic on watch.This is a self moderated topic only to Omit the babbling of the offender who is often seen joining community channels and Bitcointalk with newbie accounts and spreading false information and scam accusations which are proven to be false. No other comments would be deleted from this topic.