Quote from: midnightwish on July 18, 2015, 03:28:18 PM

Quote from: crush on July 18, 2015, 02:09:32 PM

Distribution seems to be done. What's your plan for this coin, dev?

Hi,
I'm working on the website and documentation/write-ups for the coin this weekend. The main focus on Midnight is around the Midnight Reserve Fund and what I'm calling Midnight Drawing Rights (MDR's). I'm still working the specifics/mechanics of how the program will work but the concept is that MDT will be backed by MDR's, similar to how NAUT is buying gold, or the Sync Fund. Similar to SDR's from the IMF, the MDR will be made up of a basket of crypto currencies that are determined quarterly (instead of annually in the case of SDRs). The MDT in the MRF will be used to make a market and build up the holdings of the MRF behind the MDR's (ok, that's a lot of acronyms Tongue

). So the value of the MRF will set a par or reference value of MDT with some multiple. What I am thinking through now is how we can maybe have some kind of redemption program, and what happens then if we allow redemptions to MDR swaps, perhaps the swapped MDT is burned? I need to think through that a little more but once its been finalized I'll build a web app and an in-wallet interface to support it. I think this program will be something a little unique as its a different twist on a couple of concepts that have been tried before, and it will put real value backing MDT.

Apart from that the next thing coming is a wallet rebrand and optimized staking wallet.

If I build a multipool for Midnight will anybody use it?

Nice roadmapish Wink