Care to explain how the coins will be generated and distributed ?
This is not a technical question, but I will try to answer from my tech-team perspective.
There is a fixed number of coins which in the beginning are controlled by the Foundation. This is similar to Ripple, but note the following differences:
- Trestor Foundation is a non-profit, there are no stock holders who personally own these coins.
- As the coins are more and more distributed, the Foundation's control will go down.
- Since our network is not federated, there are no better nodes who dictate the protocol rules. The rules are whatever the majority of nodes decides. Like in Bitcoin, they can be changed if the majority of rules decides to, including the rules about how many coins there are and how they are generated/distributed in the first place.
Comparison to Bitcoin:
- With Bitcoin, a large part of the coins is owned by early miners, nobody really knows who, while with Trestor you know that they are controled by the Foundation which is dedicated to support and promote the Trestor project.
- With Bitcoin, vast resources (hardware investments, electricity) are required in order to run a miner, while with Trestor a deposit of Trests in the ledger is required in order to run a validator node.
And how will the price be decided ?
Trests can be traded at any market place, just like any other coin.
Also, should I be seeing this as a currency which will be added to an exchange, or will be have a centralized control with the founders ?
Trests are controlled by the user via a wallet with secret keys, just like Bitcoin. He is free to trade Tests with any other person on any platform of his choice.