Quote from: ASQ Protocol on October 29, 2018, 10:57:29 AM

Quote from: Karfarov on October 29, 2018, 10:22:47 AM

Quote from: ASQ Protocol on October 29, 2018, 10:00:29 AM

Quote from: Karfarov on October 29, 2018, 09:27:08 AM

Hello!

Love the idea and the concept in general but i'm having a hard time understand what will happen to all non-sold tokens? They will get burned, am i correct?

Hello!
Please note that all unsold tokens will be allocated to the ASQ Foundation (decentralized governance body).

Hmm...ok and what is this foundation? And where can i read about it? I did look up your WP but it's a bit overstretched for my taste.

The governing body of the ASQ Protocol will be the ASQ Foundation. Its purpose is to oversee and foster the execution of ASQ Protocol's mission.
ASQ Foundation's primary objectives and areas of responsibility are the following:

Ecosystem Quality. The first objective of the ASQ Foundation is to ensure quality execution of ASQ Protocol's mission. The commitments made to the Participants should be respected and interests of Participants should be kept in healthy balance. In order to pursue this objective, the Foundation will allocate resources to establish fair and transparent governance processes within the ecosystem. The Foundation will oversee matters related to relations between the participants, the participation rules, the rewards distribution under the RDM, VRM, and SRM, content moderation and compliance, legal issues and other related matters.

Ecosystem Scale-up. The second objective of the ASQ Foundation is to foster the quantitative execution of ASQ Protocol's mission by scaling the partner and user base up as much as available resources permit. To achieve this objective, the Foundation will be placing considerable efforts to encourage participation in the ecosystem, attract new partner platforms, drive value creation and network effect by communication and promotion of ASQ Protocol, funding the acquisition and supporting integrations and platform onboarding.

Research & Development. The third objective of the ASQ Foundation is to keep the Ecosystem fit for development and react to eventual internal and external challenges. It should be maintained by observing and analyzing market and technology trends, gathering data and feedback from all participants, as well as analyzing Protocol performance as such. In order to pursue this, environment of innovation will be fostered and permanent resources will be allocated to test and develop new ways of participation in the Ecosystem. The Foundation will direct and fund the development of tools that give the Ecosystem partners the ability to build, grow, and create value for themselves, their consumers and one another. ASQ Protocol will make its codebase available as an open source project that can be leveraged to power new communities and new types of content as well as add capabilities to existing ones. The ASQ Foundation will further this work by engaging development teams to continue improving the technology suite supporting the ASQ Ecosystem.
It is likely that over time the ASQ Foundation will evolve into another, more decentralized governance method, for example, Decentralized Autonomous Organization (DAO). However, creating a formal legal body is an important first step in this process.

You may learn more in our Whitepaper on the page 14.
Whitepaper: https://asqpro.io/documents/whitepaper

I'm quite surprised how well overthought your project is but if don't hurry up with MVP somebody else is gonna introduce it sooner and take over their fair share of the cake. Nevertheless, you do have potential with this and i hope to see you rockin it

Nathy.whity

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