Bitcoin Forum

Please choose whichever choice you think is best but please read the brief descriptions for each choice that are given. If you need more background information then be sure to read the announcement page. The link below is to the announcement page and it will explain what BTX is if you don't already know.

https://bitcointalk.org/index.php?topic=1883902.0

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. Additionally, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. the devs will retain 10% of all unclaimed coins for future development and compensation.

https://imgur.com/a/7TWPg


2. Hybrid Distribution Plan

On October 30th 25% of the unclaimed coins will be airdropped to BTX holders in proportion to the percentage that they own. (excluding the accounts the devs control) All BTC holders with more that .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. The developers would then still have enough coins they control to perform 3% weekly airdrops until late February. After that the coin would be fully distributed out to the public. The developers would still retain the 10% of the unclaimed coins on Oct 30th for future development and compensation. This is roughly how numbers would be distributed out under this proposal.

https://imgur.com/a/GJq27

3. Dev's Plan+10% Weekly Airdrops

This plan would be identical to the dev's plan but instead of continuing 3% airdrops there would be weekly 10% airdrops until fully distributed by late February. This would distribute coins out in the same speed as the original hybrid plan but in a more gradual way. It would provide an incentive for holding the coins and alleviate fears of a dump on a massive distribution. The dev's would still get 10% of unclaimed coins for compensation and development.

https://imgur.com/UheWXnb

4. Dev's Plan with an incremental increase in weekly Airdrops

This plan would be the same as the dev's plan but instead of a +25% airdrop there would be a +15% airdrop to your balance on October 30th. Additionally, instead of a flat 3% weekly airdrop there would be an incrementally increasing weekly airdrop. This could be an increase of 1% per month on the weekly airdrop or it could look differently depending on how long the devs want the airdrop to last. In the spreadsheet, the first month starts at 3% and increases every month afterwards by 1% to be fully distributed out by roughly May 21st. The devs would still receive 10% of all unclaimed coins for compensation and development.

https://imgur.com/QLSjwyi

5. Continue 3% Weekly Airdrop

This would be the simplest and slowest method of all and it would simply continue the 3% weekly airdrops until the coin is fully distributed. The developers would still get 10% of the unclaimed coins for development and compensation. This one is too long for me to want to project out in a spreadsheet.

i likes Dev Plan+10% Weekly Airdrops
please
thx
shivad

now that i thinks it overs, i'd go with #4 too. incremental drops...  8)
shivad

I think that 10% a week is too much. Guys, understand that this is very difficult for the market. Demand will not absorb such an offer. A much more attractive step-by-step increase of percentage.

You are hugely overestimating how much bitcore will be redeemed by bitcoin holders in your models. And the redeeming will not be linear.

My vote goes to devs distribution plan. I think that plan is very well balanced.

Dev's Plan+Inremental increase in weekly Airdrops

Dev's Plan+Inremental increase in weekly Airdrops

I am really into dev's plan. They made a solid model and fair for everyone.

If I would choose to the poll i would suggest "Dev's Plan+10% Weekly Airdrops" just to stick to the original plan but also make a bit a faster distribution.

How to unvote?
i accidentally pressed nr 2.
I vote for nr 4.

The quantity of coins we have doesn't matter,
What matters is how many people has it..
I would choose that what is best for coin itself, because what is the point to have many coins, that have low value..
Two ways:
Coin quantity for holders
vs
Coin popularity and value

We need to find golden middle here.

number 4

I like both plan #1 and plan #4.

Regarding #4 I would suggest a declining increase of weekly airdrops, like + 3% + sqrt(week number), so for example

• initial drop = + 3%
• first week = 3% + sqrt(1) = 4%
• second week = 3% + sqrt(2) = 4,41%
• third week = 3% + sqrt(3) = 4,73%

and so on... (might make a spreadsheet for this one). The reason beeing with continouus +1% additions, we will be way over 10% after only 2 months, and every week even more, which would end the modl very soon and could come off as unfair for new investors that missed out on the drops.

Also I wouldn't really decrease the big drop to 15%, many people that are not as active to read all the updates all the time but just heared about the 25% plan could be disappointed. I don't consider this a huge problem, though.


One final note: I think the BTC -> BTX plan is crucial for the mid term. It may sound like peanuts for some of larger BTX holders, but could help generate thousands+ new Bitcore users, especially if we see prices of $10+ again (which seems like a psychological hurdle for me).

That one is Crypt0kid's proposal and I think what he meant was that for the whole month the weekly percentage would be the same. For example month 1 it would be 3% and then Month 2 it would be 4% or some variation of that.

Dear all
I like this: Dev's Plan+10% Weekly Airdrops
hope we are had a best coin

Clearly it wont be linear but I have no way of predicting how many will claim their coins so I kept on the current pace. It has been almost 6 months and we haven't even had 500k BTX claimed yet so I don't think it is going to pick up really fast anytime soon. I also haven't seen any real increase in the pace of claiming as of now so I just stayed with the average. In my opinion, BTC holders will claim only if the price of BTX rises and it is worthwhile for them to claim. I also think that by in large many of the people who do claim will simply dump the coins which is very similar to what happened when Bitcoin Cash came out.

Posting to get outta newb status...

voting for number 4 i guess it will help the dev to continue gaining supporters as time passed and this chain should help bitcoin
promoting its own identity ill wait till the end of this month and see the results of our votes.

Maybe you failed to consider the 0.4 ratio. You're about 250% higher than the average when considering that. For your numbers to become real  bitcore would need a much higher price and more exposure. Those would probably both occur. :)

This is not meant as critisism, you are undoubtingly doing a good job here. I just felt that those numbers should have been better estimated.

Nope the .4 ratio in the big drop is in the one column and then the 21k is subtracted from that column as people claim their bitcore every week. Maybe it is displayed kind of weird. I am taking it as constructive criticism though so no worries!  ;D

Choose 4, this is the best option.

Choose 4, this is the best option.

Dev's Plan+Inremental increase in weekly Airdrops

am with Dev's Plan+10% Weekly Airdrops

Gwestcot, great job of putting together the poll! As Gwestcot just mentioned, my idea was to for example pay 5% for the entire month of November and every Monday in the month of November everyone holding Bitcore would receive 5%. The next month being December, the airdrop % would be increased for example to 6% and every Monday in the December Bitcore holders would receive that new percentage for the entire month. In January, that percentage would again be increased to maybe 8% and for the entire month of January, Bitcore investors would receive an 8% airdrop and so on until the coins are fully distributed. The percentage is fixed for each month and the next month the percentage gets increased. That was the ideas behind the incremental increase. 

Dev's Plan+10% Weekly Airdrops

still a newb  :(

I like plan #4.

everyone liked #4 and now every altcoin have same plan .

My vote goes for #4.

The only issue is I dont like the BTC snapshot part of the plan (just the rich getting richer), but I understand its value in growing the community.
I think the minimum 10BTX requirement should stay though. If people dont have that much from free drops they should BUY it, just like I did.

I think the main reason here is to know the real number of people that are actually interested and holding this coin long term, I will definitely go with the developer's plan, because he is the one that has the most interest in this project others are just stakeholders

I'd like to choose 4.

25% is a little higher, I think 15% is good. And we need increasing the airdrops speed to spread all the coins. So 4 might be good.

"4. Dev's Plan with an incremental increase in weekly Airdrops "

The less you can give a shock to the market, the better it is , consistence is the key for price stability and steady growth.

option 4

Tempted to vote for #3 but doesn't quite tick all the boxes.


All of the choices are pretty much the same so i wonder why a model with decreasing rewards hasn't been proposed?


If you want fast and effective distribution while keeping the price stable one must be motivated to both buy and HODL,the 25% airdrop does the job of distribution pretty well,but what after?

Let's say there was a model where after the 25% airdrop we would get up to 15% weekly airdrops for a month or so,with diminishing return curve (say something like 8% for bigger holders) in favor of smaller holders so everyone has incentive to buy,mine and hold...


It's probably too late to polish all this,but from a marketing perspective it's always better to hold something which would be rarrer in the future.

Sorry for my English and please share your thoughts!

That's a crazy proposal. Your numbers are way too high. Bitcore would dump to less than $1 if your plan was chosen.

I agree with you that the 10 BTX requirement should remain. If people have to work for something, they'll appreciate it more. If they don't, they will simply cash out as soon as possible.  I think that the 10 BTX requirement should remain.

Gwestcot,
Did you notice that the 10 BTX requirement will be removed at the end of October? What are your thoughts about this? I think that it should remain and I don't believe that I'm alone in this thought.

why is there a new re-vote?  I thought folks already voted and favoring hybrid plan from before this new added questions.

I vote for:
3. Dev's Plan+10% Weekly Airdrops

3. Dev's Plan+10% Weekly Airdrops

This sounds good. I support it.

Devs plan +10%

Dev's Plan+10% Weekly Airdrops

   Number

        3. Dev's Plan+10% Weekly Airdrops

Thank you! :)

Thanks for let us vote.

I vote for 4. Dev's Plan with an incremental increase in weekly Airdrops.
I think it is interesting to have people holding BTX longer expecting a new increase every month.

devs plan with inc. sounds real nice

4. Dev's Plan with an incremental increase in weekly Airdrops

4. Dev's Plan with an incremental increase in weekly Airdrops sounds good

Dev's Plan+10% Weekly Airdrops

Does this vote close or not?
I found my choice (#4) is the mostly choice. ;D

I see people making the right decision. I hope the developers will listen to the opinion of the community.

how to vote

vote 4. plan  :)

I don't think newbies can vote!

anyway, i really like the idea of 4. Dev's Plan+Inremental increase in weekly Airdrops
to me it seems being the best option for now.

Dev's Plan+Inremental increase in weekly Airdrops  :)

hoping for next airdrop)

Пpивeтcтвyю кoллeги! Пoмoгитe пoжaлyйcтa c гoлocoвaниeм, нe мoгy нaйти кнoпкy. Я бyдy гoлocoвaть зa 5 плaн нy или 1 плaн. нa мoй взгляд этo лyчший инcтpyмeнт для пocтoяннoгo pocтa в цeнe мoнeты, a ecли вcё быcтpo paздaть,( 2,3.4 плaны), тo и цeнa бyдeт кaтитьcя вниз, a пocлe пoлнoгo pacпpeдeлeния и вoвce мoжeт пoтepять интepec и cкaтитьcя дo 0

I support the requirement for the minimum balance, but it could be lowered a bit, eg down to 5 BTX, due to the rise in the price.

As for the poll I think it's too early for massive airdrops, now it definitely would cause the coins' dump.
The coins distribution should correspond to the speed of the adaption and the development of the new use cases for BitCore
I voted for the last option - Continuing 3% - preserve the value - prevent the dump  :)

The major issue is that we cannot get on any of the larger exchanges because of the premine and the size of the dev's addresses. Using Metcalfe's Law, the total valuation of Bitcore is 16.9M USD. At full distribution this would mean that right now each BTX is really worth a little over 1 dollar. That is ok by me since you would have more coins but the project would also gain legitimacy.  

I'm very interested in your use of Metcalfe's law. How did you exactly made this calculation? Is the user base of Bitcore known or just estimated from the existing addresses? Is there any study of the value of other coins as matched with the numbers of Metcalfe's law?

There is a forum post from an economists somewhere around here but yes it was determined that there is a strong correlation between Metcalfe's Law and the value of Bitcoin. It really can't be used as a predictive tool but rather it can be used to tell you if a coin is undervalued at that moment. I think there are two equations to determine value. One is based on daily transactions which Bitcore is fairly low and the other is in the total number of addresses. He gave each equation a coefficient with addresses being worth .30 and transactions being worth 1.50.

Is there a way to sign a paper wallet?
Dev's plan of registering with signed wallet <--

I voted for number 4

If you asking me I go for number 4 Dev's Plan+10% Weekly Airdrops, and I think that is the best choice, I hope so.

Dev's Plan+Inremental increase in weekly Airdrops

Dev's Plan+Inremental increase in weekly Airdrops  :-*

I am aware of this post perhaps, if it is the treatment of Metcalfe's law by a bitcointalk member called Peter if I remember well. But I am especially curious if there are already made studies with these formulas for different coins, so that i don't have to learn how to do them myself. :)

Dev's Plan with an incremental increase in weekly Airdrops

(don't see an option to vote in the poll)

According to me, the most logical plan

Dev's Plan+10% Weekly Airdrops

Hi gwestcot,

according to https://bitcointalk.org/index.php?topic=1883902.0, " At the beginning of october, we place an online registration page for the 3% airdrop. You have to registrate ONE TIME your BTX adress with a signed message."

I understand that this 3% depends on the result of the poll, but what about the registration, is still neeeded? where is it available?

The website is being reworked right now so it will be available soon! Just look out for it on all of the social media pages.

Dev's Plan+Inremental increase in weekly Airdrops

Does everyone who voted for #4 realise that the October airdrop is reduced to 15% in this plan?

Can someone clarify what's the plan for the future Airdrop?

Continuing 3% airdrops until fully distributed

(don't see an option to vote in the poll) newbie?

#4 Dev's Plan+Inremental increase in weekly Airdrops

Regarding 25% one time airdrop and new snapshot on Oct 30, there will be 8,000,00BTX circulation. So, to keep 3% weekly or even a bit less will dramatically reduce market dumping and helps market cap keep up. I choose option 5th.

I know I can't vote since I'm a newbie :), anyway I would like to suggest Dev's plan, choice number 1.
I think it's the best one who can balance and to keep the value

Perhaps this is me being a little greedy, but I prefer plan 5 because it means that Bitcoin holders are not being gifted 6 million BTX coins. Plan 5 rewards those who hold BTX over the longer run and would keep the price more stable / upward, without having any dump effect.

The other plans give 6 million BTX to non BTX holders and in my opinion risk triggering a huge dump at some point.

I would like to inquire about airdrop per / week given 3%
if I have 100BTX balance do I get 3% of my balance as much as 3BTX  ???

you are correct.
100/x=100/3
(100/x)*x=(100/3)*x       
100=33.3333333333*x       
100/33.3333333333=x
3=x
x=3

100btx = 3btx weekly airdrop

Hi everbody,

If i can vote, i lovely plan 1 or 4.

Dev's Plan+Inremental increase in weekly Airdrops

Hello everyone,I like this: Continuing 3% airdrops until fully distributed
good luck for all  ;) ;)

I think 5%daily will not be bad do it could be welled distributed

Dev's Plan+10% Weekly Airdrops would be nice.

I bought 40 coins and keep them on my local wallet. I wanted to vote for item number 3, but unfortunately, the voting is no longer available. Well, let's confide in the opinion of the majority.

I like continuing 3% airdrops until fully distributed!

whats the result of poll

As far as I know there will be a 25% drop on this coming Monday and from the looks of it a 1% increase on every weekly airdrop. This does not mean it will be 26% the week after, but I think it will

be 3%, 4%, 5% etc moving forward. Obviously this needs confirmation from the devs as I see others talking and discussing it so it may be true but I am not 100% sure on it yet.

I wasn't able to cast my vote anymore (yes I only saw this now!) but I guess the decision will be taken based on current highest vote? To be honest, I do see that it is fair that the devs have a small share, since they are doing all the work and have the largest investment of time and effort. But you should also see that large airdrops in the beginning have a lot of problems later. A slow trickle over a long period of time will be the best, that is, the last option, if possible over a very long period over a year.

The decision has already been made by the core team so I locked the voting to the poll because it is useless now.

Please don't get so mad. This is hardly the right place to ask questions that are support related. That being said here is a video that will walk you through the airdrop registration step by step.

https://www.youtube.com/watch?v=B4VcBpbeQCc&feature=youtu.be