Hello friends.
We are pleased to introduce HoneyPenny
A better name maybe ?
- Donation-based crowdfunding: the project will not have premine, instamine or other unfair launch. The project has open and transparent model of project financing: part of the emission (10%) is reserved for the development of the project, BUT the rate of emission of these coins will be controled by network participants (miners). Namely, miners will indicate the amount of coins to be given to developers in each block that they found. Maximum donation size for each block is determined by nominal donations formula, based on entire emission formula. This policy allows better communication between community and project development team. Finally if a miner is not happy - he can reduce donation to zero.
As a tribute to technology, we have fixed royalty percentage of donation, charged to the founders of Cryptonote.
I see a problem here :
Even if all the miners decided to give 0% donation, you will still be able to mine with a 10% more block reward than any other miners.
And I guess if you make a pool miner you will set this to 10% and possibly you could attract all the miners in your pool by giving them 1% or more bonus from your donation.
This cry-out
centralisation to me !!!