Quote from: tonych on November 04, 2017, 07:14:03 PM

Distribution of Bytes is now finished.
61,299.720840161 GB distributed
645,222.052937914 GB is available supply after the distribution.

Distribution of blackbytes will start in a few hours and will take a few days, be patient. I'll post here when it is complete.

I'll decide and announce the plans for future distribution around mid-November. But it is already certain that we skip the December full moon. The purpose of the free distribution is in acquiring new users, and we should use the remaining undistributed coins most efficiently. That's why we are slowing down the distribution and gradually phasing out the method based on balances, which is not expected to produce much positive impact any more. Cashback has already proved more efficient in terms of cost of user acquisition, albeit it is still slow. Other product updates linked to the distribution are still in the making but not certain enough to speak about them now, I expect more certainty in the middle of November.

Monthly distribution successfully acquired tens of thousands of new holders, but at the same time bytes always oversold badly. Short-term sellers enjoy their free lunch, while hodlers have suffered most. That's not healthy thing for the community...
Not sure the cashback program is the best way, but i agree that we should use precious resource for more productive way.

naocb

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