Post
Topic
Board Altcoin Discussion
Re: Appeal to the community for the development of MC2 and related technologies
by
JessicaMILFson
on 16/02/2014, 23:28:20 UTC
Thanks for all the nice words, everyone.  I really appreciate them. Smiley

It's not exactly a donation, as we do get coins in return for our contributions, maybe he will post the crowdfunding rubic for you guys to see.

Sure,
This is what I had going out in the newsletter:
Code:
Tier Donations (USD) Tickets Coins USD per Coin
1 0 – 250,000 92,160 23,040,000 0.0108506944
2 250,000 – 375,000 40,320 10,080,000 0.01240079365
3 375,000 – 437,500 17,640 4,410,000 0.0141723356
4 437,500 – 500,000 13,720 3,430,000 0.01822157434

Total issued via stake tickets: 40,960,000

To compare, here are the amount of total coins from PoW and PoS combined every year for 10 years:
Code:
Year Coins
1 187,006,965
2 359,622,322
3 518,953,616
4 666,023,156
5 801,774,578
6 927,078,896
7 1,042,740,095
8 1,149,500,286
9 1,248,044,469
10 1,339,004,928

This image shows the estimated percentage of coins generated through the sales of early stake tickets:


Donations would be first come, first serve, and coins get more expensive as we move past out initial minimum funding.

We're capped at $0.5 m USD.

Individual contributions are capped at $5k USD.

Developer contributions are capped at $10k USD and are removed from what they would be paid (including for myself).

These coins are redeemed between years 0-3 in an approximately linear distribution (so that no one donating can immediately dump a mass amount of coins into the market).

That's a lot of coins generated per annum. Do you think it's really best to do it this way? Market Cap would be huge in order to get significant traction.