Still, I didn't visit your site, but I am interested in how the voting system will prevent scams? Who will be responsible if the project turns into a scam? This means your Launchpad will be semi-centralized in my opinion and there is a chance of manipulating the voting system. Almost we can buy votes for every platform. So something like this would happen and scam projects will enter your platform. Have you thought about how will you prevent manipulating voting system?
There is a 3 step voting process. The people at the top would first determine if a project should be listed, they are called the 'Government' they own a large number of our Token. When it passes through this stage then it moves to the next stage before the last.
Vote buying here will not be possible because if a user Positively votes for a project then he must also whitelist an amount he will invest for that project else account would be temporarily restricted. Also, the number of voters are large, there is no way you can even know all of them or have to buy those votes.
Hello Raiser.
I just take a look at the whitepaper and I don't see the smart contract of the token there, can you provide the link to verify information like the total supply and other stuff?
And why do you call it a decentralized service if the Token Allocation has the next distribution:
Token Sale – 50% (50M)
For Founding members - 10% (10m locked for 1 year)
For development – 5% (Locked for 1 year)
For marketing – 5% (Locked for 1 year)
30% Available on exchanges
You created the token and send 20% to your pockets, and that is a centralized project.
About the voting power I don't get a clear the idea of how it works, but what I see with those numbers is how 50 Followers have the same voting power as Government, we can create 50 followers with 1 RAIZ to have 2 voting power while the Government needs to get more than 500,000 RAIZ for 100 voting power. So, if this voting power is to make decisions about the network it could be exploited.
All of these;
"For Founding members - 10% (10m locked for 1 year)
For development – 5% (Locked for 1 year)
For marketing – 5% (Locked for 1 year)"
Has been locked for 1 year, the project would continue to need funds for development and marketing so this has been set aside for this purpose. The reward for founding members are just some reward for putting up the system, though this has been locked for 1 year so that they can continue working on the project.
Nice APP design. But how will the voting system work using the community?
Step 1 voting - if it passes this stage then it moves to
Step 2 voting - if it passes this stage then it moves to
Step 3 voting which is the general voting
Those in step 1 have a very high voting power (100) and they hold a lot of token. These guys are the reason why the project token price is maintained cos they keep holding so that they can vote at this stage. So for such sacrifice and determination, they first vote for a project if it should move to the next stage or not. If the number of rejected votes here are more than the number of approved vote, this project is automatically REJECTED and nothing happens next.
