Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Viewly ∙ A decentralized YouTube
by
viewly
on 10/02/2018, 06:42:13 UTC
Looks like an interesting project! How do you feel about rolling out your own coin, instead of relying on the Ethereum network for token distribution? I certainly won't invest if it's an Ethereum token, because there are way too many of them already, and I don't like Ethereum.

I think if there is your own coin on the blockchain, this can also be used as an incentive payment method for content creators later, so you'll need your own blockchain+coin anyway. Why not distribute those coins in an ICO right away to the ICO investors?

Also please consider switching to Slack or Discord, not everybody has a mobile phone to join the Telegram platform. Slack and Discord also work on mobile, but don't require a phone number.

"Selling pressure", as you are noting it in your whitepaper, certainly won't be a problem if you make a PoS coin with 5% per year, for example. It is an incentive for people to run nodes on the network, which in turn could also be used for CDN functionality etc.

Hello Gandalf86 , thank you for your interest in Viewly.

We will likely be shipping on Ethereum before EOS, however we are very interested in switching to a more scalable solution in the upcoming years.

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One question from a community member could apply here also:
"how long will the VIEW token be an ERC-20 ETH token? Will it convert to a coin if y'all decide to build your own chain? What would it be if it is decided to use EOS chain?"

--r:
We have a few mechanisms for switching to EOS. Its a bit trickier when tokens are held by 3rd parties, but still doable.
One potential solution is a proof of burn contract, where users can destroy their ERC-20 tokens and register the EOS address atomically. Then, the tokens are minted to the registered address in 1:1 basis on EOS chain.
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The latest information is that:
1. Tokens will be minted into the contributors wallets after the tokensale has concluded up to 7 days after AML check.
2. Tokens will become liquid up to 7 days after the tokensale has finished.