Post
Topic
Board Announcements (Altcoins)
Re: [Ħ] ►HYPER v2.0 ►Re-launched ►Coin Swap ►Driven by community ►AD ASTRA
by
CryptoDatabase
on 03/07/2017, 16:12:20 UTC
The swap wallet currently contains over $180,000 in HYPER, I believe giving that out to everyone would have an adverse effect on the market and would take a while to recuperate from price wise.

The issue we are having is how to erase those coins from the blockchain entirely so they don't appear. Burning the coins is easy and just involves me deleting the wallet.dats that I currently have for the swap. Currently I am the only one who has a copy of this wallet.

For selling the swap balance on exchanges, this would also have an adverse effect on the price of HYPER as it is a really large amount and would create much larger walls than all exchanges combined and multiplied right now.

For giving some to the dev team, this was voted on already with the highest voted amount being 10k HYPER which we decided to add to the dev balance instead of keeping for ourselves.

Personally I don't like the idea of the HYPER Board controlling that much of the coin and would prefer to just burn them and make them unusable. The less coins we have in circulation the more value the coins will have.

Ideas are welcomed though, something always starts from an idea and the more ideas we have the better our odds of coming to a solution.