Post
Topic
Board Announcements (Altcoins)
Re: 🔄🔄🔄🔄 ――――― ▲ MOIN ――――― It's not dead. It's resting ―――― 🔄🔄🔄🔄
by
vella85
on 16/06/2020, 22:54:14 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.

That is true that its not worth much at today's price however if MOIN can get back to having a stable price of around 300 - 400 sats like it was for a very long time, then it is well worth it. I think MOIN can get back to being at a stable price in that range but its going to take some time. Its good to see that MOIN still has some support on here and once things start moving again we might start to see some of the older members become active in here again.