80% will be sold. 10% now for price discovery. but the plan is to sell them all before the genesis block. if we won't be able to sell them all, we'll destroy what remains. the dedicated 4% will be spread to the people. the remaining 16% will be used for building and maintaining the products etc.
people rent their power are getting paid in Zencoin.
There will never be an IPO since it's not shares we're talking about. We sell a commodity.
The tokens will be distributed to their owners when the network begins working. We might consider a slow distribution in order not to flood the market.
Please explain, why too small? According to my math, if we sell more, it will cut the buyer's profits.
If the community will put X BTC for %10, so each coin will worth twice than if it was X BTC for %20.
In addition, recall that this is only the first sale. On the other sales, the price will be >= from this price-discovery sell.
If I missed something, please explain.
Some dilemma with real world service that is currently valued by the dollar.. You can't provide real world existing service and assign it to the bitcoin value (not in this era anyway), just like with Storj ( cloud storage) , the second the bitcoin price goes up its btc value will go down and the other way around (in some way it supports bitcoin value since if the btc drops in value the will be more demand for bitcoin to use to pay for storj service, but that's a story for another day).
Am I the only one thinks that the base price should be evaluated by electricity costs+hardware costs/profitability+real world market price of these resources+whatever ?
Lets say you manage to sell the 80% zencoin for 8000BTC (At its current price of 350$) and the next year the bitcoin costs 1000$ , do you think that demand will overcome the supply and people will pay X3 times more for Zennet resources instead of google's supercomputer ?
And I still don't know how one gets zencoin / pays for the work.
So we fixed the BTC/USD value problem.
Now this problem is only one-time. Once all buyers get their Zencoins, Zennet has nothing to do with BTC, USD or DOGE - Zennet runs on Zencoin only.