Post
Topic
Board Announcements (Altcoins)
Re: 🔄🔄🔄🔄 ――――― ▲ MOIN ――――― It's not dead. It's resting ―――― 🔄🔄🔄🔄
by
Robust Crypto
on 16/06/2020, 14:10:42 UTC
The dev fund idea's an interesting one. Having a portion of each block reward going to a certain address would require a hard fork, there's no way around that. But it wouldn't take much work.

It'd probably be best to use a multi-sig address controlled by a few team and trusted community members.

Block time: ~64 seconds
Blocks per day: ~1350
Dev fund stipend per block: 0.5 MOIN

This would give the fund about 675 MOIN per day and 246k per year. At current prices that's around $860. Admittedly, that's not going to pay for much development time, but I still think it's a good idea. To get us to a point where the fund's worth something substantial will require a decent amount of unpaid work, but it'd at least give us a better chance of achieving self-sustainable growth at some point in the future.

Dev fund sounds good, but it needs to be well managed (regulated).