The POH concept is awesome guys but can we participate to the airdrop using a ledger nano rather than MEW or Metamask ?
you use your ledger nano in the MEW site. It has a function that supports it. I was going to do it, but when i say i had to pay a gas fee for claiming the airdrop i backed off. there is no way im going to pay, even a small fee, to receive a shitcoin airdrop
We understand your concerns.
However we don't do an ICO so we can't afford to pay hundreds of transaction fees.
You need to believe in the project in order to participate.
Our goal is not to achieve a simple network effect by distributing the token to a maximum amount of people.
If you do it just to get free tokens, I agree. This is useless.
The goal of HODLIT is to eliminate the ICOs and promote the ICD concept.
Every HODLIT you own will allow you to participate in the project distribution that are part of the HODLIT network.
Also, if you register, you will be considered as registered which will give you an advantage during the PCD period.
Period when you will send your rocket to the moon.
i've fully read your project now and it seems interesting. But i have some questions:
1- I have read on twitter the max ethereum is 50 to hold, is that true? if so, what do you recommend for those who has more than that? split addresses?
2- In myetherwallet when u create the transaction the amount to send should be zero right?(you dont explain this part in the tutorial).
3- The goal of the project is to make devs migrate from ico's form to hodlit's form. Projects instead of raising ether through ICO's would raise HODLIT to fund itself, correct? But how new projects would fund themselves? holders of hodlit should transfer their tokens to them? If so, what would happen when airdrop ends after the 5 year period? hodlit tokens would be diluted everytime a new project appears, and there would be no incentive to hold ethereum since u dont receive hodlits anymore. The only way a see to make it stable is through a constant and eternal airdrop, inflating the token, which is not the case.
and sry for shitty english, im from a poor country with terrible education
1 - The maximum rewarded amount is 50 ETH. If you have more you will be awarded with the maximum amount of 10000 HIT. You can split your account in this case but we don't like it. We punish abuses though (someone splitting accounts in parts of 10 ETH to get the maximum of tokens possible)
2 - Right. You should not send any ether. And even if you did you would receive an error as no function in the smart contract is payable.
3 - Correct. As a blockchain developer, I don't think that Ethereum will really be around in 5 years. Technologies like EOS, Cardano and Dag currencies/hashgraphes are more promising and will be live in 5 years. As a legal scholar, regulators will step in the crypto industry before 5 years so they will be able to enforce better policies.
"Projects instead of raising ether through ICO's would raise HODLIT to fund itself, correct?"
No, doing this is no different from an ICO.
Instead, project's tokens will be distributed among people owning the HODLit.
So if you own 5% of HODLIt you can get a proportional amount of upcoming project's token everytime a project is released.
That I think answers to the rest of your questions.
thank you for your answers but I still dont get it how future projects will fund themselves if its the users/holders and not them who receive hodlit. It's the 30% reserve who will fund new projects?
