Post
Topic
Board Tokens (Altcoins)
Re: [ANN] 💰⛏ 💰⛏ 💰⛏ ICE ROCK MINING ICO2 - LIFETIME PROFIT
by
SKRAAA
on 08/06/2018, 13:36:15 UTC
On the white paper it shows 20% of income going to service and Electricity, it would be hard to have exactly 20% on expenses. What happens if there are more or less expenses than that? Where will the money come from/go? I feel like the 20% reinvest might be a bit low also, as you have to compete with the 10% to 15% increase in difficulty each month. If the difficulty starts catching up with the money put in things can go downhill quickly.

Would be better to have something like

Income - services = profit

Then profit share:
50% ROCK2 owners
40% reinvest
10% mining team

Other than that it looks like a solid project Smiley

True - having exactly 20% on expenses all the time is very unlikely Smiley

Reinvesting any residual from the 20% should be the way forward, but at the same time, you could support at least some of that money going to the mining team - after all, you want there to be an incentive for the team to come up with ways to reduce their fixed costs.

Still given the mining team will have their own tokens, giving any benefit to token holders would be the easiest way to keep everyone happy.
I'm not sure if the team has any tokens. In the whitepaper it's not mentioned that Ice Rock team has any tokens, all unsold tokens will be burned.
Except if they invested their own money and bought some tokens like everyone else.