Quote from: machico on June 01, 2017, 07:29:19 AM

Hi all,

I will start putting together some ideas and structure for the crowdfunding. Ysell was able to speak with some developers and was given $20k as a target. If we are trying to raise money this way, we need a fully costed project that will integrate zerocoin including a revenue stream to pay for continuous development. Suggestions on what we should target? We don't need to reach the objective to get what we have raised.

The first thing we need is for the community to donate some ANC's to give away to the crowdfunding donors as a thank you. If the crowdfunding doesn't go ahead, donations will be returned. CS, can you please co-ordinate ANC donations and then send it to the crowdfunding donors? I was thinking we could give 1 ANC as a gesture of gratitude per donation. Any suggestions?

Finally, we need ideas for making money after zerocoin has been fully integrated to pay for continuous development. The initial idea was to try a second crowdfunding for an exchange and give away some of the equity to donors. Ysell suggested we raise money via transaction fees which could also work as well. Any suggestions?

The financing looks good. My gut feeling is that the payout should be dynamic based on it's current FIAT value.

If you come up with a list of questions. We could have one set of questions for short term development strategy i.e. Zerocoin implementation and one set of questions or suggestions for longer term projects such as, feasible financing /development.

I would suggest a short term strategy would be to encourage a regained interest in the project via your crowd funding proposal Machico. This would support the longer term strategy. With more developers on board, they could work on the longer term business model, the business model deliverables would be strengthened with extra crowd funding projects.

One such project could be to extend financing past the initial crowd funding stage. So it's self financing without a requirement for our intervention. We could make it automatic and democratic by getting a developer to set voting systems, so that future development can be prioritised based on stakeholders interests. And these project developers get paid when "n" stakeholders agree that the work is completed. This would boost the coin as developers increase the value of their ANC and they get a double whammy of being paid for the project they've undertaken.

As the ANC becomes more established on exchanges we could pay developers in ANC rather than in FIAT making the payment systems more integrated with the coin itself.