Re: [ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO]
Interesting concept. I have a LOT of questions. I am going to start with the most pressing ones.
Where do the invite tokens actually come from? It seems like I need an invite token to actually activate my wallet. Though it seems like the key generation was actually done before receiving the token -- at least I got my seed already. Are these tokens coming from the Merit foundation? If so, isn't that a tad centralized?
How long has this project been in development? The roadmap says that the first release was December 2017, but I see 30k commits on Github. When did you actually BEGIN development?
To clarify responses of others. Invite distribution is decentralized and how algorithm decides who will get one is lottery. Invites are distributed:Where do the invite tokens actually come from? It seems like I need an invite token to actually activate my wallet. Though it seems like the key generation was actually done before receiving the token -- at least I got my seed already. Are these tokens coming from the Merit foundation? If so, isn't that a tad centralized?
How long has this project been in development? The roadmap says that the first release was December 2017, but I see 30k commits on Github. When did you actually BEGIN development?
- 1 of 10 blocks for PoG miners
- from the rest:
- 50% awarded based on your CGS (community growth score).
- 40% awarded to new addresses (Max 1 per address).
- 10% awarded to random addresses.
- Minimum of 144 invites airdropped per day. Grows as needed.
- Number Airdropped based on overall growth, more growth means more invites generated.
About a development, as someone mentioned it's from fall of 2017 as far as I know, those 30k commits are not all from dev team, there's accounted also commits from project it was based on. They are super fast but not as much
I guess it's around 2k commits since then.Thank you!
This is a very thorough answer to my question, and was what I was looking for. This is actually a lot more interesting than I thought. It seems like the invitation distribution has some intelligence to it. And, if I understand it correctly, this is actually built into Merit Core? In other words, this is actually part of the consensus mechanism.
Quite interesting.
How does the system prevent people with the highest CGS from effectively getting all the invite tokens?