IMPORTANT - MINTPAL COINS UPDATE
Good morning flutters,
After near a month, the ''send back'' process is a success so far. We receive a lot of very nice comments - it's a pleasure for us.
But more than half mintpal coins have yet to be sent back, and we can now stake those remaining coins and get a solid reward. So what to do with this reward (and the next one) ?
What we propose is:
- Use any staking reward to pay back the 8.95% deduction we had to apply on each balance, starting with the first email we got and so on. We won't have enought to pay everyone's 8.95% at first, but we suspect that we will be able with future staking reward. So, each of us will get 100% of their FLTs back !
- Meanwhile, Ofeefee will split the block a lot to try to decrease PoS interest rate and secure the entire network (he will explain better for sure).
- When people will be fully reimboursed, we would send further staking reward to the bounty fund, allowing us to hire more people, developpe some projects and so.
+++++
All this is not yet ''official'', because we need first to see how much flutters the staking will reward, and too we need you guys approval. It's not our coins, so any decision have to get a general approval.
Thanks.
Anyone watching explorer yesterday got to see our coin perform some amazing things. Proof of Stake was generating a lot of blocks and diff rose and adjusted as expected, in addition interest went down to around 75%, we expect to see more of this as we continue development.
I feel confident that we are set to send the 8.95% that was originally held out of the MP because we were short some coins. This will be happening over the next two weeks or so, lots of family in town and Christmas right around the corner...
The difference will be sent to the same address previously requested by you on the initial email communications. No need to contact us about it unless something has changed.
As always a pleasure working with so many talented people. I remain humbled by the colleagues involved in Fluttercoin. Thank you for this incredible experience!
--o