How much of POS block reward for Dnotes 2.0 goes toward the development of the currency? Is there a mechanism in the new coin to ensure that devs and or Dnotes Global gets residual income from the blockchain? Thanks.
Thank you, 1Hakuba. That is a great question. I will give you a general answer that is subject to change depending on final legal guidance. We have finalized our selection for a law firm to assist and guide us in our funding endeavor utilizing Reg. A+ Mini IPO under Title IV Tier 2. This will enable DNotes Global, Inc. to be legally qualified under SEC rules to raise up to $50 million from accredited and non-accredited investors. Under Reg A+ Tier 2, we can conduct general solicitation and worldwide marketing and not required to file state registration. Together with the launching of DNotes 2.0, this will be a game-changer for DNotes. I strongly urge our community read up on Reg. A+ mini IPO and watch some of Laura Anthony's Youtube videos on that subject. She is our lead legal counsel:
https://www.youtube.com/watch?v=Re1I9uVX9qsPersonally, I am convinced that she is the best for this project. As you may know, I am always committed to be the best in class. It is never easy or quick but the right way to succeed over the long-term. Sometime, it can also be expensive. The entire project is estimated to cost $500,000, including auditing and marketing.
Now, to answer your question, based on our current thoughts (subject to change), at the launch of DNotes 2.0 an amount equal to the then current supply of DNotes plus 10,000,000 additional Notes will be mined for the 1:1 coin swap. The 10,000,000 DNotes will be gifted to DNotes Global, Inc. for its support of DNotes, including software development. Ideally, the staking reward and the CRISP reward from the 10,000,000 DNotes will be sufficient to fund ongoing development, and, therefore, sustainable.
As the value of DNotes appreciates it also contributes to the underlining value of DNotes Global. As you may know, DNotes the currency owns 25% of DNotes Global, Inc. as a for profit company, incorporated in the State of Delaware. Over the long-term, all our projects, including blockchain and consulting projects are based on viable business models - it must be profitable and sustainable. I hope this sufficiently answered your question.
2018 will be a very exiting year for DNotes. We are uniquely different from our industry peers. Our next biggest challenge is get the words out. It has been a long time coming. Very exciting time ahead. This train is about to take off. For those who are new, start reading up about DNotes. The DNotes Story is a BIG BOLD project of global scale.