Post
Topic
Board Announcements (Altcoins)
Re: $Force, a decentralized workforce
by
cryptoforce
on 13/10/2017, 17:03:02 UTC
5.Distribution

There is no need for people that want to join the $Force to invest any money. All distribution among $Force members should happens as result of tips and work. $Force is able to immediately start completing requests. Value for the token is generated as soon as the first user requests work to be done by the $Force.

As value for the $force token is generated as per a vast global conglomerate holding the token, we welcome the Bitcoin community and the Ethereum community to participate. Avoiding to do so will have resulted in competing groups to be created.

There will ever be a maximum of 240,000,000 $force tokens, 120,000,000 available on the Bitcoin blockchain and 120,000,000 available on the Ethereum blockchain. While in different blockchains it is the same token. $Force looks to unite communities for common benefit.

The strong network effect of combining the major blockchains will result in deterring attempts to copy the principles of this paper into a different token. A user looking to contract work has a strong incentive to use $Force as is vast user base and its core values makes work to be completed successfully more likely.  

$Force just like Bitcoin is a decentralized system, there is no company  but a community moving forward the ideas necessary to receive, coordinate and complete work fairly. $force on the Bitcoin blockchain was generated using the OMNI platform and is available on the OMNI Dex as Force/OMNI pair at: http://omniexplorer.info/lookupmarket.aspx?spa=327&spb=1. $force on the Ethereum blockchain will be generated using a ERC20 smart contract and available on the Etheredelta DEX.

Price distribution of $force token on the exchange incentivises early requesters with lower prices. The price distribution on the exchange is directly proportional to the increase of activity in the workforce. It was set once by the author and remain unchanged until all tokens are distributed. Tips paid by the author are taken from the higher part of the distribution. We must remember that as more people join the workforce more work can be completed and so the token also becomes more valuable.  Requesters have an incentive to get tokens early.

The decentralized exchange sale book is intended only for requesters. The main distribution of tokens for holders of $force should happen as results of users growing the community and completing work. All community building work will receive tokens from the author. $Force members should not buy tokens from the Decentralized exchange but just as described provide part of their time to receive them. Similarly to Proof of Work on Bitcoin and Ethereum mining, tokens are receive as a reward to work and cooperation.

Tokens initially in control of the author will be moved into a 3 of 5 multisig wallet controlled by master members of the Bitcoin and Ethereum community. The author will kept a public list of work and tips paid so that the community can review all funds distributed. The list is available at: https://docs.google.com/spreadsheets/d/1HaOLXnBbvVWzH2q_tBq_q119otPy81raGoNo4zj9LLo/edit?usp=sharing

Ethereum and Omni received from work requesters buying directly from the DEX will back the $force token. The received Ethereum should be used to do staking. OMNI Dex generates fees that are later distributed to OMNI Holders, these will also back $force. The author won't take the funds generated by sales on the DEX, and neither should later those holding the multisig keys to the DEX funds.

Upon a year of publishing this paper the author is to receive a grant of 1% of the total tokens (2,400,000). For this the community members in control of the of the multisig wallets will sign a transaction with the grant.