I actually had to buy a few after this email hit me, maybe this coin is not a flash in the pan.
NeuCoin to eliminate 50% of coin supply and
complete consumer distribution within three years
Three months after launch of its first consumer apps, NeuCoin has reached over 275,000 users and is growing at over 8,000 users a day, on track to acquire 2 million users by year-end 2016.
The NeuCoin foundations have determined that mass user adoption can be reached faster and with fewer tokens distributed than expected; therefore, to maximize NeuCoins value, the foundations holdings will be cut from 3.2B to 1B in the next several weeks by destroying 2.2B coins, decreasing the entire coin supply by 50%. A revised mining participation forecast puts expected total supply in 10 years at 10B rather than 100B as previously projected.
NeuCoins founding principle was distribution of the cryptocurrency to all participants in proportion to the value and utility they add. Over the past year, the NeuCoin foundations have distributed tokens in numerous ways:
Surveys, questionnaires, feedback programs and referral bonuses
Sale-restricted NeuCoins to the founding team, angel investors, service providers and strategic partners
A presale to the crypto-community in exchange for Bitcoin
Proof-of-stake and proof-of-work mining rewards
The GetNeuCoin tutorial-game and Growth Accounts at MyNeuCoin
The NeuCoin-integrated Facebook game Solitaire Racer
A tipping and user reward program with Jango, a free music site with 7M monthly users
This wide-ranging experience in distributing a cryptocurrency has taught NeuCoin valuable lessons:
Consumer fraud is a massive challenge! To combat fraud, user rewards must be small and even then require significant amounts of time to earn.
The clearest path to mass adoption is to partner with successful online services who would like to reward their users with NeuCoins for utilizing their service - like a loyalty point program. NeuCoin has implemented this type of program with Jango and is currently optimizing it in preparation for rolling it out with other large partners.
Important crypto ecosystem partners such as exchanges, payment processors, crypto-gambling services, etc. need to see a large NeuCoin user base, but dont need to be given large NeuCoin bounties themselves.
In addition, over the past six months, members of the crypto community have raised two main critiques of NeuCoins design that the NeuCoin team and foundations consider valid:
Overall coin supply and future growth are too high
Foundations own too much of the total coin supply for too long
Given all of the above, the NeuCoin foundations recently made several strategic decisions that are intended to increase the value of the cryptocurrency as well as accelerate its effective decentralization:
First and foremost, given the learnings that fewer coins need to be distributed per person to consumers, and that ecosystem partners do not require large rewards, the foundations will destroy 70% of their NeuCoin holdings over the next few weeks. This cuts the current total coin supply by roughly 50% to 2B and cuts the projected coin supply in 10 years to 10B (due to much lower projected proof-of-stake mining participation by consumers relative to the foundations 100% mining rate).
Second, user acquisition will be accelerated. Given the smaller number of foundation coins and the efficiency of NeuCoins simplified partner distribution program, the foundation will aim to distribute its holdings to consumers in 3 years rather than 10.
Third, given the sharpened focus on distributing foundation holdings almost entirely to consumers, the decision was made to merge the three NeuCoin foundations into one - the NeuCoin Growth Foundation.
Lastly, in order to offset their increased percentage ownership of the total coin supply, the NeuCoin founders will forfeit the 200M NeuCoins they were to receive during the second and third year after launch, and all restricted coins held by NeuCoin founders, team, angel and seed investors will have their sales restrictions lengthened from 5 to 10 years.
BS
(I see what your thinking but.. founders 200m neucoin was conditional on voting being implemented. Will voting still be implemented? )