Re: [ANN] [KTK] KryptKoin | 7% PoS | Multipool | 02/08 V1.5.5.0 Released
Marketplace Update
Okay, just to post details about the % profit share to KTK holders. Please discuss and give any opinion you may have.
Taking the money supply into account (approx 17M), a total of 20.4% on all profits generated will be given to KTK holders.
That means, vendor sales fees, any products created/owned by the MP, advertising (banner ads) and any other ways to generate revenue.
Initially the profit share is calculated based on:
10000 KTK = 0.012% (taking into account the full 17M)
The minimum KTK holding is 30K and the maximum is 1M, that would give a profit share of 0.036% and 1.2% respectively.
Once the MP is live, can then look at how much KTK is on exchanges and not eligible to receive any profit share. So the % will go up based on just the KTK being held in wallets.
Anyone who would like to take part in the profit share will register their address, and then it can be tracked.
All dividends will be paid in btc, so any revenue generated in USD/KTK/OTHER ALTS will be exchanged before being paid out.
The start date for paying out dividends will be finalized after the MP is live.
If anyone has suggestions/ideas how we can automate the process, please don't be shy!
Okay, just to post details about the % profit share to KTK holders. Please discuss and give any opinion you may have.
Taking the money supply into account (approx 17M), a total of 20.4% on all profits generated will be given to KTK holders.
That means, vendor sales fees, any products created/owned by the MP, advertising (banner ads) and any other ways to generate revenue.
Initially the profit share is calculated based on:
10000 KTK = 0.012% (taking into account the full 17M)
The minimum KTK holding is 30K and the maximum is 1M, that would give a profit share of 0.036% and 1.2% respectively.
Once the MP is live, can then look at how much KTK is on exchanges and not eligible to receive any profit share. So the % will go up based on just the KTK being held in wallets.
Anyone who would like to take part in the profit share will register their address, and then it can be tracked.
All dividends will be paid in btc, so any revenue generated in USD/KTK/OTHER ALTS will be exchanged before being paid out.
The start date for paying out dividends will be finalized after the MP is live.
If anyone has suggestions/ideas how we can automate the process, please don't be shy!
Few remarks. One: if dividends are to be paid in BTC only that would mean you would have to sell KTK that were earned on the MP, thus pushing the price down.
My suggestion is to pay dividend in KTK and BTC, where all non-KTK should be converted to BTC. That shouldn't be overly complex and in that way we won't add any selling pressure to the price of the coin.
Remark two. If dividend is to be paid based on KTK held in the wallet, how to determine the number of coins to qualify for dividend? Monitor periodically each eligible wallet and then take the average amount that was held in the wallet over that period?
Multiple addresses? No problem, registration would include sending, e.g., 100 uKTK to confirm you are the owner of the address. you would be required to pass txid of all addresses belonging to you that you want to be eligible for dividend.