Latest posts of: folonel

Quote from: hashtagcoin on January 22, 2014, 05:37:36 AM

Thoughts on premining

As a rough guide and for discussion Here was what I had in mind.

0.5-1% premine - (250-500K#coins).

Divided

55%(137-225k) for ongoing development and promotion (Budgeted for over 5 years)

15% (37-75K) Giveaways over 3 months
22.5% (54-107K) IPO
7.5% (16-32K) Fees over the life of the coin.

All expenditure will be available on a public ledger.

Feed-back welcome. I'll also take a vote on 0.5% or 1%.

EDIT: Correction 22.5% should be 54k-107k not 37k-75k as originally stated.

my suggestion:
please don't call it premine, you should call it IPO.

and the changes:
1-10% IPO of all #coins (NOT PREMINE!) (500k-5m #coins)

100% IPO (500k-5m #coins)

~~0% for ongoing development and promotion (Budgeted for over 5 years)~~
~~0% (37-75K) Giveaways over 3 months~~
~~0% (16-32K) Fees over the life of the coin.~~

-why is it better?
big investors will make giveaways from their own shares, because they want the coin to be big, so you should spend coins for giveaways, the community will do it if they want to see this coin success.

you dont need to reserve #coins for fees and development, because big investors and developers who will get #coins will take care of it, and if you still need to pay the fees you can use the BTC what you get cause of the IPO.

all the coins what ever be made with the title of 1%-10% premines are all dead, so lets make the first coin with the 1% IPO tag and the other 99% are POS/POW tag. There is no any coin with this titles, #coin going to be the first.

you should make a ratio based IPO, so all the 500k coins distributed based on the senders btc rate of the all.

IMPORTANT:
if you call it premined its just dead. please change all premine titles to IPO, and distribute all the "premined" coins to the IPO, don't reserve any one to yourself and to the developers. if you still need to pay the fees you should invest to the IPO too, or you can use the BTC what you get from the IPO. JUST DONT CALL IT PREMINE, AND DISTRIBUTE ALL THE COINS, DONT RESERVE ANY, NEITHER 1 IT CAN KILL A COIN IF A FOUNDER RESERVE ANY NUMBER FROM THE COIN!! IF YOU NEED COIN FOR HOSTING USE THE BTC, THE BIG STAKEHOLDERS WILL DO THE GIVEAWAYS PROMOTIONS AUTOMATICALLY, YOU DONT NEED