Bitcoin Forum

The foundation of crypto currencies is made and built on Trust. Starting with the very first days of bitcointalk.org, relations of trust were the detail that made bitcointalk to be what is now here today!

Since the feedback was implemented, abusers, cheaters and so many other users attacked and damaged the image of this forum.

Trust will help and motivate the users not to do damage the other's good will. Trust will be distributed only to the users that earned the right to be considered Trusted users.

How are we going to decide who is the right user?

Feedback*feedback=X
Every user will have their own X.
Y=X feedback * X feedback

This way we will be able to determine who is having the biggest and most probably is the most Trusted users inside of our community.

Of course, many of you will say Bitcointalk Trust system is wrong! Yes, it might be true. But this is not our purpose, to criticise or change it.

How the coin will be distributed?

The coin will be pre-mined 100%
2.5% will go for bounties
2.5% will go to our team
15% ICO
80% One round of Airdrop

The airdrop will be sent only to 1000 users based on their "y" score.

If user A has: 4 Y score
 User B has: 6 Y score
 User A will receive 40% of airdrop distribution, user B 60%.

Every user will need to select another 5 users that were not in the list and donate at 20% of his airdrop before he will be able to spend their airdrop.

The users should have at least 1% of first "Y" in order to receive the airdrop in the second round.

Every user will receive in the second round maximum 3 times.

What are the coin tech details?

Coin alg. - Trust
Coin supply - 12.000.000
Interest - Supply increased by MAX 8%/year
Not minable, but with coins that are more valuable than other!

Depending if your trust will be increased or decreased, your coins may change their value. Of course, there is a limit of +%12% and -%23

Transactions are done instantly with no additional fees. Blocks are generated in the moment when 10 feedback's have been written in bitcointalk, a transaction will need 30 seconds to be available to be spent after it was received. In this 30 seconds, the sender is still able to cancel the transaction!

The coin total supply will be increased in the case if the number of feedbacks from March will be bigger than in January. Always it counts with 60 days behind.

The coin will be distributed on 1st of January 2018.

After every 30 days Trust will reset the number of feedbacks.
Total coin supply may be increased after 60 days if there will be at least 2.1% more feedbacks.

What do you want to do or accomplish in future?

1. Starting the distribution. The distribution will be done in more in 2 rounds. Until the chain will be public, every "Y" will be private. The first distribution will happen on 1st of January 2018. Every user with a good "Y" will have time until 29th of March to claim his Trust. If not, the coins will be burned.
2. ICO will be available for one month until 5th of January. If not all the coins will be sold, funds will be burned.
3. Launching the Alpha version of our website. 0.1% of coin supply will be offered for first users.
4. Escrow services on the Trust network! - more details soon -
5. A user-friendly app for SmartPhones.
6. Late 2018, the community will take the lead. The most Trusted users on our network will have the power to decide in which direction Trust will be going.

Initial coin offering

Our ICO will have only development purposes. Our objective is to raise 8 BTC. Depending on the demand the price will be increased or decreased. If the amount will be earned earlier, the left coins will be burned.

Starting price 0.00005 BTC

For the moment we will start the selling on Slack. Also, you will be able to contact us here too, on bitcointalk.

Bounties

Bounties will also be available! Send us a message on Slack or a private message to join the translation bounty.

Twitter bounty will be opened soon aswell.

Fore questions do not avoid to get in touch with us.