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1  Alternate cryptocurrencies / Altcoin Discussion / [ANN]WhatFund:Descendant of BitShares on: March 04, 2014, 03:39:59 AM
WTF is WhatFund
BitShares as a Decentralized Autonomous Bank
You can learn more about it herehttps://bitsharestalk.org/

WhatFund::Descendant of BitShares

You know bitshares is a great and useful DAC,it will change the world in future.But,just few people own the most,so who others want to get it,they need to buy it with high price.
As a decentralized autonomous bank,more people get in,it will be more succeed.So it should gives control of their economy back to all people and establishes them as sovereigns over their own destiny. Everyone can join it through equitable mode,equal shares for all.Solve this problem,we need WhatFund.

Introduction of WTF
WTF will have the same feature as bitshares,also the same code, we will just change the total amount of WTF from 4million to 4billion. Once the bitshares released,we will release the WhatFund after about two weeks.
All of the WTF will be separation to 10,000shares,if you own one shares,you will get 400k WTF. Our team will own 200shares, for Dev,for marketing and some free giveaway.


Completely Fair Distribution - Equal shares for all - Our own WhatFund

How to get one share?

The fundraising is especially designed to promote fairness and egalitarianism. This is the first funding scheme of this type ever and we believe it is revolutionary in its effort to bring egalitarianism to the crypto industry.If you do not have a Bitcointalk account yet, you need to create one to reserve a stake spot. Do not lose the account password, because you will need to access the account later to claim your share.To be more fair, the account must existed before February 28,2014.

In the first 5 pages, stake spots are reserved only by showing "interested in",then you will get one share.After page 5, a fee has been introduced for late adopters. People who want to get 1share after page 5 will  have to pay a fee to join in. Then after every 20 pages, the fee will be adjusted as a multiple of the initial fee.
If you want to get one more share,link this thread to any public forums or social media sites such as Reddit or Coindesk, anywhere with decent traffic so that people can hear about WTF. You have to show proof of your work in your reply post in this thread, then you will earn 1share,others who follow the topic can also earn 1share. Just the one who have already get 1share can join it.

How much you need to spend?
-------------------------
First 5 pages    : free ,just show interested in
pages 6-30      : fee= 0.001 btc or 0.1pts or 10nxt
pages 31-50     : fee= 0.002 btc or 0.2pts or 20nxt
pages 51-70     : fee= 0.004 btc or 0.4pts or 60nxt
pages 71-90     : fee= 0.008 btc or 0.8pts or 80nxt
after pages 90  : fee= 0.01   btc or 1.0pts or 100nxt
-------------------------
 
After you send the fee, include the transaction hash in your reply post in this thread, to confirm your stake reservation.

Promote WTF to receive another share(anyone can join )

Make a logo and post in your reply thread,you will get 1share, the best one will get 2shares.

Translate this thread to any other language and post it to one of that language's community, then you get 2shares.

Make a video for WTF, then you will get 2share.

Integrity guaranteed BTC ,PTS,NXT sent to this project won't be touched until an official date for the genesis block is announced. This project is serious and will go forward. The money collected here will be dedicated 100% to WTF develop and marketing and other supporting apps. We are going to make WTF a feasible and successful project.

Now WTF needs you to spread the word.Join in if you want to be a part of WhatFund. We thought Bitshares is like gold while WTF is like silver and can be used widly.

You don't get BTS?Doesn't matter, WTF is enough.

FAQ:

1. How many shares of WTF would I get ?

There is no specific number yet. More contribution,more share,one account may get 1 or 2share or even more.

2. How could you prevent multiple buy-ins ?

In short - We can't. Multiple buy-in will be possible with multiple accounts.To be more fair,your BTT account must existed before February 28,2014.

3. How can i receive my WTF?
WTF is going to clone BTS,so when BTS is released,we will release WTF in two weeks.When you download the wallet,post your address,we will send you the WTF.

Donate address:
BTC: 1BFcJqgBNZwC4JUptkYFCsjTZFcgNDvmZ2
PTS: PfDj6Vgcb38HAyK8hJp7c69vRxRboTunXk
NXT: 8831263473144935342
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