Phase 9 with significant drop of reward may cause panic sell of mn holders.. Can anyone put some pros of such approach being made by devteam?
From WORX discord channel -
https://discordapp.com/invite/eqKh3wA"Inspired by discussions over the last two days with @burning01, @coleus and @Robine about the reward distribution system of WORX coin we would like the whole community to vote @here whether you support a change to a flexible reward system.
For now, the rewards would remain as they currently are (block reward of 8 WORX with the same POS/MN split) and would not be increased at the previously determined block height milestones.
As the number of masternodes and the demand grow, we will have another vote to increase block rewards.
The proposed changes aim to stabilize the price, increase financial security for all coin holders and thus make WORX a better choice for new investors.
The benefits of this flexible ROI scheme:
- coin price stability
- investment security
- higher coin price even at lower emission rates
- increased interest for new investors due to financial security
The voting will be 72 hours from now. If you want to know how we came to this proposal, please read the discussion and the theoretically and practically well-grounded facts outlined by @burning01 in #suggestions."
if you reduce it now , you will penalise all recent mn holder , they have math with the previous reward/block, older holder have ever roi, dont forget this point, if you want to be fair for everyones and for new supporter.
for me the only problem are the phase 7, 8 and 9 , to big and to low.
to stabilize the price , you need at least 3 exchanges fast
an other option to keep reward raise like planned, is to request collateral higher at same time , this is a good reward for early investor , and force everyMN holder to sell low quantity and keep price growing, to anticipate the next collateral grow.
i spend many many time to learn about everything in the crypto world from more than 3 years now . I got pleasure to give advice , and never suggest anything before thinking about it seriously
dont know if dev will take this point , but hope for them , that a free and serious advice .