Hello everyone,
I'm a developer but new to Rust and I'm learning Substrate, I have an idea that I want to implement and execute as a personal challenge. My plan is to create a chain with a very wide distribution through airdrop (95% or more of the supply). I was looking at the Ethereum address list and there are more than 60M accounts with 0.0001 ETH or more, there are about 45M accounts with 0.001 ETH or more, and there are 21M accounts with 0.01 ETH or more.
My plan is to use these addresses as part of the genesis block of the chain that I will launch, there are less than 1M Polkadot accounts, I might include them too, I'm also looking at other EVM chains that has a wide distribution to be included in the genesis. The goal is to have a very wide distribution in the genesis.
So, will you consider L2 blockchain as well? Avalanche may become another one that you're looking for that to be included in your wide distribution. The question is will your network fully compliant with EVM? I meant when you wanna create a new blockchain and it will make you more easy to get the demand for your blockchain. I thought that you must have a proper distribution instead of only airdropping your coin to the any wallets that already interacted with the chains that you have mentioned above. I guess so many people will be using your token as pump and dump coin only. Is not it better to create more requirements? You can use the airdrop method that used by some legit platforms to airdropped their tokens.
I also plan to have an initial testnet using the same distribution method and it will be about 10% of the mainnet genesis.
Pretty interesting .
The plan is to create a relay chain with a very wide distribution and create other chains around it (shards). I'll take a look at Avalance also if I can take a snapshot of account balances. Right now I have ETH current state, ETH genesis, Polkadot current state. I have difficulty of taking a snapshot of other chains, so far ETH is the widest distributed I can see. If I am to launch an incentivized testnet right now, it will probably have 20 million or more accounts. Anyone with at least 0.001 ETH can claim their airdrop and interact with the testnet chain and explore it and they can be assured to be included in the mainnet.
Most of the chains I see have heavily unbalanced distribution, that's why I'm considering a very wide distribution.
