Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcore - BTX - SEGWIT - BLOOM - ONLINE - CORE 0.14.1 -431110+ BTX Claimed
by
Arska
on 23/09/2017, 23:36:39 UTC
My thoughts about BTX:

1. The airdrop rewards are a big part of the projects interest (probably largest at the moment) and should be continued. I think the original plan would have just been a dumpfest and kill most of the interest in the project because there would be no more drops and no proper future plans introduced yet. This is why I think none of the premine funds should be burned or thrown around in massive quantities without a good reason. On the other hand I think the premine should be distributed fairly quickly because It's not good that a few people control such a huge part of the coins economy. I think now it's critical to start making plans and development for the project before the distribution is finished, else the coin will lose interest. The fast transactions and blockchain capability is all good but no use alone.

2. Simply extend the BTC to BTX claiming period until there are no more premine coins left. There should be enough time to claim for everyone who is interested and the rest can just buy the coins afterwards. I don't see the point in taking a new snapshot, you will just give more to the ones who have already claimed and the possible new members of the community will get a sliced reward. Also the old snapshot way is better because all the coins would be eventually distributed to the parties who have some interest in the project and not "lost" for no reason.

3. To speed up the distribution without affecting the price negatively too much there could be a bonus program for the holders. For example:
- Create a dedicated "holding" address where you deposit BTX.
- Register that address as you would anyway with this new October method.
- First week you get 3 %. If you don't touch the BTX wallet, on the second week you will get 6 %, then 9 % and after a month it would be maxed at 12 %. The percentages can be thought out/calculated properly (no withdraws or deposits allowed except the drops, this is important so people don't create 100 small value "hold" addresses and deposit large sum to claim max bonus whenever they want it).
- If you touch this address you will be excluded from the bonus and only get the 3% going forward.
- If you want to go for the bonus again you would create a new untouched address and register it.
- No need to make future changes, clear rules going forward until there are no more coins to drop.

4. I personally think the 10 % instant drop for the devs is too much because there are too many unclaimed coins at the moment. Also I don't see much progress being done except the weekly airdrops, correct me if I'm wrong. It would be better to give the devs for example 0,1 % airdrop of circulating supply (not premine) every week. This would be a more stable reward and the further we would go with the project (distribution and price-wise), the more reward they would get.

Edit: Did some rough calculations how fast the funds would get distributed with various airdrop percentages. Starting supply 1 million and ending supply 16 million. No dev fees calculated.

3 % = 92 weeks
6 % = 47 weeks
9 % = 32 weeks
12 % = 24 weeks