Quote from: einsteinium on February 25, 2019, 08:37:15 PM

Hi All,

In regards to EMC2 FORK, we want to loop on two things:

1) Update: Just this week we finalize scripts that will allow us to FORK in 1:3 coins ratio. For every EMC2 you hold you will get 3 (three) new coins.
We know many are really interested in that. Next: Wormhole implementation!

2) Topic to discuss - Budgets:
Based on our past experience with exchanges, listings, community donations, awards , contracts, advertising agencies ect., we believe that forming a strong Foundation is
essential for the success of the coin. Thats why we want to secure coins for the purposes stated above.

If we start from current EMC2 numbers like total max supply which is about 245M and circulating supply about 218M we would like to propose next:

1/3 Network / Infrastructure = current supply + future mining
1/3 Awards
1/3 Foundation Expenses:
1/3 (out of foundation budget for) Listings and Integrations
1/3 (- ||- ) Marketing
1/3 ( -||- ) Development

--------------------------------------
660 Mil distribution, based on current circulation - current 220 Mil circulation supply , multiple 3 we come to 660M of coins in circulation
240 to be mined- based on original EMC2 design of close to 300M coins- same as above, coins to be mined + wormhole coins 80 mil x 3 = 240 Mil

------
50% Wormhole, 50% regular mining
Newly designed wormhole is back!

Halving schedule:
   8/min coins from now till September next year
   4/min summer 2024
   2/min summer 2032
   1/min after summer of 2032 until 2119
0/min after that - network makes money from transaction fees.

Wormhole max multiple = 1600 - this should be calculated to fit in 240 mil budget.
-----------------------------------------------------------------------------------

660 + 240 = 900Mil - current holding and future mining

900 Mil Awards Budget, released 9 Mil/year for 100 years or 7.5 if we go 120 to 10 scientific projects

---------
900 Mil Foundation Budget for listings , development and marketing

Listings 15% of total supply = 405 Mil
Listings to be from 300Mil to 400Mil

500M Marketing and development
-------------------------------------------------------------

This bring us to the total of 2.7Bil new coins as max supply.

Please let us know what your thoughts are.
We are happy to to bring this discussion to the stratosphere before numbers get set in stone.

Please note: all numbers are approximate now and will be accurate in Blue Paper on March 14th. Let focus on logic.

HAPPY FORKING!

EMC2 Foundation
www.emc2.foundation

My Emc2 coins are in bittrex.com and they won't give access to my account because of my nationality for the past 1.5 years. Crypto supposed to be about decentralization and free access to everyone! I contacted many times with bittrex and Emc2 staff, nobody cares about my situation. I have 20,666 coins in bittrex. i bought them at 15 cent a coin and my account got disabled and suspended right after. i watched Emc2 go over 2.5$ a coin and fall down to less than a 3 cent a coin and i couldn't do a thing about it thanks to Bittrex Seattle and the funny part is that right before opening an account in their site i emailed them and inquired that "Am i allowed to open an account in your site(bittrex.com) according to us laws?" and their answer was something like "yes you are very welcome here and please after opening an account enhance it so you can enjoy full potential of our site and trade more in volume daily" to my understanding it was an orchestrated bait and i was the prey. I will trade my bittrex account with any American person (since bittrex is us based, or any other nationalities if interested) in exchange of the amount of emc2 coins in my bittrex account that is 20,666. If you are interested email me at 3mosafer@gmail.com

P.S: And most probably bittrex won't include me in new emc2 fork! I had other coins that got delisted from bittrex and bittrex didn't allow me to withdraw them and My delisted coins got disappeared from my account

cinnamoon

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