Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ORA::100% POS|Qora Clone|Free & Fair distribution|issued NXT AE ASAP
by
DarkhorseofNxt
on 06/08/2014, 05:47:18 UTC
I will furnish with the details of how many coins has been distributed from the 50% allocation. This gives me an idea from Kora's reply on charity. How about allocate 1% of the total balance alloacation to this purpose. Someone from the community will helping me on how to do this, properly. If this is okay, i will remove the charity from the power bounty allocation. This makes more sense. We can make a fund account and anyone who wishes to top up to that account can do so. Also helps with the distribution imo.

Balance stakes = (3000(allocated) - 889(first round reg) × 166,666) = 351,831,926. This is the number provided if all 889 receive their stakes.

And here is my suggestion for balance stake distribution.

1. 1st round stake register account gets additional = 158,304 each (40%)
2. 2nd round stake register account (300 new applicants) gets = 166,666 each (14.21%)
3. Current holders bonus (min. 166,666) gets = 50,000 each (16.89%) * assuming total of 1189 person holding every coin. Incase of lesser account, share per account increases.
4. Dev bounty = 101,649,356 (29%)

With this,
1st round register will receive a total of 374,970 coins
2nd round register will receive a total of 216,666 coins.

This will cover everyone's concern. Just my opinion. Feel free to comment.

Personally in regards to #1, I would rather see the additional stakes used to get more people involved.

I see no benefit to another round of distribution to the 1st round registrants.  If an option like that were to be chosen, I think it would be better to "top-off" existing stakeholders and not reward those who sold as soon as they could... we want people who believe in ora and will stick around.

Rest of it seems okay.

This is just one config of the distribution poll i am suggesting. It is meant for discussion only. Its not final.