Post
Topic
Board Announcements (Altcoins)
Re: Tau-Chain and Agoras Official Thread: Generalized P2P Network
by
yuyu123
on 20/07/2016, 05:18:06 UTC
What about the team getting paid so they can eat?


I've already referred to this issue:

"
Q:
The tokens suggested to be frozen will not be offered for sale in the ICO, and thus less money in raised for development.
A:
Not necessarily. There are still 14 million tokens for sale and this is a vast amount. Ohad can update the tokens price to reach optimization so enough funds are raised for the sake of development.
"




You're planning an ICO which is already started, and you want to move all the specfications.

We have to Assign coins to be used for block rewards if we don't want to "print out" additional coins over the planned maximal amount of 42 million tokens. The second plan for distribution of Agoras coins to Bitcoin holders, in exchange for Bitcoin burning is optional, but brings us great opportunity to involve the Bitcoin community in the Agoras economy and get many more users to the new coin.

The original ICO specifications are not changing as I wrote here:

"
Q:
Why you suggest to freeze 19.74 million tokens and not a different number?

A:
In the post in which Ohad presents the conditions of the ICO for Agoras (https://bitcointalk.org/index.php?topic=736447.msg10403838#msg10403838), he designates 50% of the tokens for the ICO, and 3% of the tokens for funding post genesis development of Agoras. He does not present designation for the additional 47% which equals 19.74 million tokens.
"



sounds like you should create a new coin
If you make a great team and clear specifications,  I could invest in it.

I think the principle of monetary continuity needs to be a standard in any new cryptocurrency aiming to achieve mass adoption among the crypto community