Quote from: tradingdisaster on April 24, 2018, 10:29:11 PM

Quote from: KarmaShark on April 24, 2018, 08:03:02 PM

The launch is coming along nicely so it is time for an update on things
https://medium.com/@jasonmcassidy/helium-pre-launch-update-853a6d161382

Thanks for the update Jason, I really dig it that you keep us informed here.

If I understand things correctly, the SPR that were on Bittrex will be re-used as Treasury coins to finance development? And additionally, 250K HLM will be created to cover expenses like exchange listings?

If this is true, there will be massive push-back from those who had their coins on 'trex and maybe those that fear dilution. I understand that without financing, the coin is dead in the water, but then I didn't have any SPR on 'trex....

I still hope HLM can carve out a niche of its own, but if the org/company is no longer striving to become a payment provider, it's truly going to be tough to find a distinct profile from PIVX and DASH - telling big and conservative companies HLM is going to help them in supply chain but not as a payment system will be tough.

Fingers crossed and keep up the good work!

The 250k that will be added on top is purely a precautionary measure in the highly unlikely event of a legit claim to the coins removed from the airdrop. The way the multi-sig treasury wallet is to be set up, with two keys held by the community and one by the leadership team, ensures that the community has decisive power over what is to happen to that 250k in the future. If fear of dilution turns out to be the main sentiment: the community can decide the coins to be burned.