Quote from: Mr. CoinLove on April 06, 2019, 05:31:41 PM

Quote from: cyle_collective on April 04, 2019, 07:37:58 PM

Quote from: Mr. CoinLove on April 04, 2019, 03:07:39 PM

Quote from: cyle_collective on April 04, 2019, 09:04:45 AM

Quote from: Mr. CoinLove on April 04, 2019, 07:45:33 AM

What is ITD standing for in your thread title?
Just mined my first CYLE block and received 40 CYLE. So I can confirm it is working.

Hello Mr. CoinLove,

our goal is to provide a fair and free model of distribution. This is why CYLE holds no ICO. Instead, CYLE adopts an ITD model (Initial Token Distribution), meaning CYLE will be emitted via mining and staking rewards exclusively. There won't be any pre-mined supply for the team either.

we hope this answers your question

Okay, so this is a term you created? Why no premine? How are you planning to push the project then when you have no team funds?

Hello Mr. CoinLove,

yes, Initial Token Distribution (ITD) is a term we created. We think premining would be disadvantageous for participants, which is why we chose a fair way to finance and improve CYLE. 20% of every CYLE created goes into the vault. We will also let the community decide what will happen with the funds in the vault.

Hope this explains our approach!

Thank you for clearing this up. I really like your approach.
How are you planning to involve the community to use the vaults balance?

Hello Mr. CoinLove,

thank you for your question.

5% of the funds in the CYLE vault will be reserved for community purposes. This means you, the community will be able to co-create the future of CYLE. Registered masternode owners will be preferred in voting processes which will determine how CYLE will evolve. So if you wish to be a part of our journey, make sure you register as a masternode! If you have further question regarding this or any other topic related to CYLE, don't hesitate to ask.