Re: [ANN] Kora::100% POS|Qora Clone|Free & Fair ~3k users|issued NXT AE asap
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Kora will have 10,000,000,000 coins, equally shared to all stakeholders.
I'm taking advice on the best coin supply total, so let me know your opinions. I've allowed myself to be convinced by some well thought out reasoning that 50 Million Kora is *probably* better than 10 billion.
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I'm taking advice on the best coin supply total, so let me know your opinions. I've allowed myself to be convinced by some well thought out reasoning that 50 Million Kora is *probably* better than 10 billion.
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I don't like 50 Million number. It's harder to calculate price from market cap than with 1 billion.
I suggest that number should start with 1 and have all 0s after that.
Why do you think that "50 Million Kora is *probably* better than 10 billion" ?
If we are going to have up to 8 decimal digits anyway, then why not make it 1 million or 1 billion or 1 trillion ?
One thing that matters to me is how many 0s I have to count when trading.
Total number of coins should be chosen to help with that.
I guess 10 billion was chosen for QORA to match current total market cap 10 billion USD, which will become convenient when QORA takes over the market and 1 QORA becomes = 1 USD, which improves convenience of QORA/USD trading.
I think NXT choice of 1 billion was good number, 0000 is readable and if it takes over BTC then NXT will cost around 10$ - also readable.
I'd like to see something similar with KORA - 1 billion or may be 100 million or 10 million, but not 50 million or 5 million or 500 million.
I think you make many valid points!! Having a 1 with 0s is much better for making mental calculations on the fly than messing around with a '5'. You are right
I've been doing some things with monero this week and the 18 million figure does became painful to work with in your head.It looks like we're getting close to the coin supply then. 10 billion was too high, so I think it's either:
- 1,000,000,000
- 100,000,000
- 10,000,000
- 1,000,000
The other opinion that made sense to me was that too large a number doesn't give users good 'psychology' (we want a Kora to be closer to a common unit like 10 cents, or 1 dollar), so maybe the perfect number is 100,000,000.
100 Million Kora might give us the perfect balance! With 8 decimal places if/when Kora goes up in value we revert to milli Kora.