My dudes... it is time.
The time to start fixing the underlying issues with CK and actually make it a game worth playing and investing in.
As a result I'm bringing forth a proposal for how this can be achieved, with your contribution. I intend to take on a more serious role, at least initially until better options come along and the ecosystem is mostly self-sustaining.
Introducing... The Phoenix Initiative, because originality is not my strong suit. <--- Click
For questions or suggestions, you know where to find me.
The time to start fixing the underlying issues with CK and actually make it a game worth playing and investing in.
As a result I'm bringing forth a proposal for how this can be achieved, with your contribution. I intend to take on a more serious role, at least initially until better options come along and the ecosystem is mostly self-sustaining.
Introducing... The Phoenix Initiative, because originality is not my strong suit. <--- Click
For questions or suggestions, you know where to find me.
Sounds like an awesome plan! Well done! I'd be interested in participating on the funding side
So for the more general thread, while I know the tokenization won't be an overnight thing, just wanted to continue the discussion.
boomboom brought up a good point regarding the 2:1 concept, so perhaps instead of a 60% dilution, we just go with a 50% dilution for ease of user understanding. "Town," or whatever game management entities exist/are created, can still share the 10% as before. The crowdfund will be for the remaining 40% instead of the 50% under the earlier plan.
In terms of issuance, if we are fine with the 6 digits past the decimal (where 1 blockchain M/CKM = 1 mil in-game M/CKM, so there is a 1:1 relationship between the game currency unit and blockchain unit, even at the decimal level) we go for 10 mil blockchain tokens (10,000,000.000000). The way to do this would be to first give everyone an M "dividend" to get us to 5 trillion issuance, then we create another 5 trillion (which is 5 mil blockchain tokens) that are used for the crowdfund and given to the game management entities.
For the CKO "ownership" token, we take the snapshot for issuance to current M holders BEFORE the CKM dilution happens. There will be no dilution on this token. In terms of issuance, I would say we target 1 mil blockchain tokens (1,000,000.000000), so there would be a reverse split. This would allow for differentiation numerically between CKM and CKO. Additionally, the ownership token in my mind should be scarce and have a lower velocity, which would be facilitated with the smaller supply.
I'm interested in hearing any thoughts/suggestions on this plan. I just want to make sure the token item is clear for when it is eventually created and locked and when exchanges are sought after.