Yeah, almost all modern features available in other currencies will be available. I have been wondering if the community would be open to dropping a zero in the swap. Note that that i make a lot of assumptions in the positive in this proposal :-
1) We drop a zero so if you currently have 1 000 TALK , when the new chain starts, you have 100. This will result in the current supply being denoted as 6.9 million.
2) We then place a cap at 12 million, and allow assets to be issued on the chain later.
3) Minimum stake age at 4 hours with 25% stake to encourage current holders to stake and bring in new users.
4) Introduce servicenodes (developing services will take time but i have ideas) to encourage users to have 24/7 online nodes.
5) servicenodes cost will then be 1000 TALK.
Now for the assumptions :-
If we assume that 50% of supply is lost in exchanges/wallets etc, we have an effective supply of ~ 3.5 M. Assuming as well that users new and old create ~ 200 servicenodes , the circulating supply would go down to 3 million. With the dropped zero and the removal of a large chunk of the supply from the markets for staking as well as servicenodes, the price will pick up. The next move would be a steady flow of developments and updates as well as user pressure on exchanges to list the coin. This should make for an adequate swap path that results in renewed interest in TALK.
Note the above is just an optimistic proposal, feel free to add/remove/change whatever you like.
1) We drop a zero so if you currently have 1 000 TALK , when the new chain starts, you have 100. This will result in the current supply being denoted as 6.9 million.
2) We then place a cap at 12 million, and allow assets to be issued on the chain later.
3) Minimum stake age at 4 hours with 25% stake to encourage current holders to stake and bring in new users.
4) Introduce servicenodes (developing services will take time but i have ideas) to encourage users to have 24/7 online nodes.
5) servicenodes cost will then be 1000 TALK.
Now for the assumptions :-
If we assume that 50% of supply is lost in exchanges/wallets etc, we have an effective supply of ~ 3.5 M. Assuming as well that users new and old create ~ 200 servicenodes , the circulating supply would go down to 3 million. With the dropped zero and the removal of a large chunk of the supply from the markets for staking as well as servicenodes, the price will pick up. The next move would be a steady flow of developments and updates as well as user pressure on exchanges to list the coin. This should make for an adequate swap path that results in renewed interest in TALK.
Note the above is just an optimistic proposal, feel free to add/remove/change whatever you like.
1) Dropping a zero might not be the best idea cuz last time I checked the circulating supply in the active wallets was around 3-5mln TALK and there is a good chance that all other wallets are gone forever. So if we drop a zero from 5mln TALK, wouldn't it make it too scarce with 300-500k supply?
2) If you place a cap does it mean the ROI will be gradually decreasing in time?
3) 25% sounds good to me
4)5) Servicenodes is a good idea to implement.
