Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Iridium - Cryptonight PoW - NO Premine - Fair Launch - Low Supply - NEW!
by
mrWatson
on 26/09/2017, 17:07:15 UTC
We have to add some mechanics to motivate dev team to make valuable soft with brand new crypto features.

Coz 0-premine scheme is motivationless. (tell me opposite arguments please)


I propose my feature for IRD

block dev fee

if price of 1 IRD < 100 k satosi at block time (Coin Market Cap for price checking)
block dev fee = 0%

if price of 100 k <= 1 IRD < 300 k satosi at block time
block dev fee = 1%

and so on

this mechanic makes devs to do brilliant soft and pull price up

add on:

to force initial donations we can also add "initial donator fee" in the same scheme

.....

i think it make coin very interesting and long life

this scheme is fair :
1) we still have zero premine
2) we pay nothing while there is no valuable product
3) and we start pay fees as reward for devs and initial sponsors
4) we stop pay fees if product loses value