sorry guys i needed a lil break. thanks for the suggestions. as someone mentioned before, people stake coins because they expect a return. imho 1-2% /year simply isnt enough incentive for users to keep coins in their wallet and stake them and most coins will end up on the exchanges. even with a high apr of 334.25% there are lots of coins blocking any rise in price atm... killing the coin in the process.
Hi dev.. As I see it, a smaller percentage return is a good incentive to keep coins in the wallet.. If I can invest $100 in a coin and get $10 in return in a year, I'll probably keep my coins in my wallet.. If I can get $234.25 in return, I will try to unload those extra coins, either through an exchange or through stake2play - either way, a higher APR will result in more selling pressure, which will keep price down.
I think an APR of 10% is a good middle ground, if you invest $100 you can buy a couple of games a year, so maybe 13.37% to keep in line with the coins name.. :-)
also, stake2play project is based on the idea that people can buy things with their stakes. so lets say someone invests $100 in the new version... how long would it take till he could afford a $5 game if the apr is 1.337% per year?
3.67 years (
https://www.google.com/#q=ln(105%2F100)+%2F+ln(1.00+%2B+0.01337)as for the swap ratio of 1000:1, that was my first thought too but it seemed a bit too radical to me at the time. but i have to agree that 10M coins are probably easier to manage than 100M coins.
Yes, a 1000:1 swap is somewhat radical, but it could help both the old and the new coin to prosper I think..