Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
keeek
on 29/10/2018, 20:33:04 UTC
Airdrop lottery
An official raffle could take place via a chatbot. In order not to exploit the system existing Bytes would have to be linked again. The more Bytes are linked, the more lots will be allocated. As a price, at least a relevant amount of min. 10K or better 25K USD should be distributed. I will not raise any acquaintances for a $ 100 profit.
The project should attract people who use this currency sensibly: To buy goods and services.
A lottery only causes the winner to exchange his winnings for Fiat at the best opportunity.


Ok, maybe I should explain the idea of the AirDrop lottery again:

There is no fair distribution. There will always be people who get something or even get more and others get nothing. So the goal of the distribution is not fairness. The goal must be - with the resources available - to reach as many people as possible. With a weekly raffle of $ 25K from the official team, attention could be generated for many months at a much lower cost than previous Airdrops. By the height of the possible profit new users are attracted. A 25K USD profit is a life-changing event. This makes the rounds. Next you need bytes in the wallet for the lottery. Saving bytes (linking, not spending, like the existing lottery - just linking!) to the raffle could stimulate the market and raise prices. Nothing attracts more new people in the crypto universe, like rising prices! This is how the crypto market works (unfortunately). I think the topic of mass adaptation in the crypto world is only about the widest possible number of users. There must be many users and only then come the shops. Not the other way around. Therefore, the goal must be to get as many people on the platform as possible.

Calculation example: Even with the currently low byte price 600 raffles could be made with the remaining distribution fund paying a 25,000 USD profit each. Such a weekly raffle would be possible for years. Of course it makes no sense to do this for years, the example is only to show how long you can operate with the Fund such an Airdrop lottery.