let's think positively about it where foundation funds can be used to register idena to the exchange, so what's wrong with you if you don't actually feel harmed by this project, you can get it for free and join this project even get free idena coins, idena will be listed on the probit exchange and possibly other exchanges
Positively?
Don't you understand what is going on ?
Read it twice then.
This is so pathetic, while you guys get all the rewards from all the invitations you send out.
USE YOUR DEV FUNDS (50% OF SUPPLY) TO FUND DEVELOPMENT NOT THE INVITATION REWARDS
STOP STEALING FROM FLIP CREATORS AND THOSE USERS WHO ISSUE INVITATIONS
Unfortunatly you are not well informed.
Rewards from the invitations they send, goes to members who spend their time teaching newcomers in Telegram Flip School.
Other funds from invitation have gone to reward community made projects:
Idena Ethereum Relay challengeThe $5k prize of this challenge goes to @henryfour
Sign-In with Idena challengeFirst prize ($1.5k)
Idena Discord auth bot a free Discord bot that links Idena identities with matching Discord roles
Second prize ($1k)
idenary.com a game and art project built upon Idena
Third prizes ($500 each)
idena.vote a customized polls website
idenapoll.com a polling website guaranteeing the uniqueness of each vote and creating sybil-resistant polls
fairdrop.io airdrops with the fairness they were supposed to have
Read more here:
https://medium.com/idena/idena-announces-the-winners-for-its-challenges-at-gitxchange-hackathon-7bf32495e01dAnd no one is stealing anything, reported are reported for a reason and potential dna rewards are burned.
Rioda, you're a smart person, what the f*ck are you talking about?
What is this nonsense?
There was a distribution of the premine,
https://medium.com/idena/idena-community-report-current-state-and-next-steps-dce97a0e3034
Foundation wallet - 521,526 DNA
Now there already
https://scan.idena.io/address/0xcbb98843270812eeCE07BFb82d26b4881a33aA91
756,436 + 110,000 (I checked only the first 100 entries) = 866,436 DNA.
How can this be?
Those who have been in the crypto for a long time, you all know perfectly well that the smaller the premine, the more loyal the users and the more valuable the coin. It is a fact.
How could an increase in premine be allowed?
And do not need these excuses that these coins are used to pay any kind of rewards and prizes.
Don't you understand simple things?
All rewards for users (work, prizes, etc) should be paid only from the initial amount - 521k.
In one day, these 521k coins will end. And this is natural. So then the coins will become more valuable.
Then the developers will have to buy these coins on the exchange in order to pay users for the work/prizes. That is the point. There should not be endless coins. There should be a natural cycle of coins.
Coins are over - coins are bought, coins are over - coins are bought, and so on in a circle
But now developers are paying rewards with free coins received from the air. WTF ?
They don't want to spend premine, they don't want to buy coins on the exchange in order to pay rewards to users.
Just think, users buy coins for money on the exchange. At the same time, developers get them for free every validation.
Will this cause a persons desire to buy these coins? No.
All rewards from the dev invitations must be burned.
No free money. No increasing premine.For listing on Exchanges, developers also have to pay only from these 521k coins.
What is happening now?
Devs have insolently opened up access to free UNLIMITED money, which they receive 2 times a month every month!
I would also add the following.
Developers violate the equality of network participants.
All network members must be equal and if you want additional coins, besides mining and flips, then you have the opportunity to invite other people to the network through invitations.
But to get this opportunity to give out invitations, you must pass the validation successfully and get a high percentage.
That is, you have to do some work. And to fulfill it efficiently and on time.
And this rule applies to all network participants, except for the developers themselves. They put themselves above the rest. They decided that they could hand out invitations without doing any work for it.
So yes, you're right, they just opened up access to unlimited coins 2 times a month.
Greed. Inexhaustible greed.
Keywords, flips not loaded...
After validation network stuck.