Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ORA::100% POS|Qora Clone|Free & Fair distribution|issued NXT AE ASAP
by
Kora
on 31/07/2014, 04:26:22 UTC
i think the market is waiting for news from dev.

The current price is very reasonable but it will easily 10x if any good news released from dev team.


I'm primarily interested in what is going to go on with the additional stakes, how voting will work, and if people sell their coin at all, will they get any future stakes or not.

I still have mine (actually assume I do, didn't check if it arrived yet), but if the coin does hit a decent price, it'd be nice to know if I should hold or wait for a vote on the rest of the coins.

If we do end up giving the original stakeholders a top up from the left over stakes I think our only option is to use the original stakeholder list. If somebody chose to sell their stake early it doesn't change the fact that they were an original stakeholder. If a non-stakeholder buys a lot of ORA assets before the vote it doesn't change the fact that they weren't an original stakeholder.

My understanding of the NXT voting system is ALL ORA asset holders would be eligible to vote, even people who weren't original stakeholders but bought ORA on the NXT AE from early sellers.

Obviously someone's attitude to the left over stakes issue will be heavily influenced by whether they were an original stakeholder or not. If lots of non-stakeholders buy up dumped ORA assets I would assume they'll be less inclined to vote to give the original stakeholders a top up, and they'd be more inclined to vote for more bounties, or a second round of registrations. I might be wrong about that, but that seems logical.

It is possible to set some conditions on which asset holders can vote (e.g. how large their ORA balance is using the 'Balance threshold parameter'), but I'm not expert in the NXT voting system by any means. I'm still uncertain when the NXT voting system goes live.

My opinion is if somebody dumps early then they will probably weaken their chance of getting a top up, and if somebody buys ORA with 'valuable' NXT, then the ORA collective is swapping a less committed person, for a potentially more committed one, and I want to encourage committed people to join ORA and contribute wherever I can.

It would be nice to be able to vote asap, but we don't have any control over when the NXT voting system goes live.