ROUGHT DRAFT - This post is fresh, and really not ready to be posted - but I have people who are interested in reading what we have going on and I would like people to have a chance at helping me proof read this and improve on it where possible. Expect updates often
I have spoken with OldManKidd and tf2honeybadger (Mods on Poloniex) about creating a coin specifically to airdop on Poloniex accounts who already trade there (no coins to accounts that signup after the official ANN, which this is not. subject to change - nothing is in stone and I cannot put any words in their mouths, they have let me know that if I create the coin, they will take a look and see what they can do, but that they like the idea, and are interested to see what we come up with.
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I see so many crap coins hit these exchanges and wonder how its possible that so few coins have a real team and people that care about Crypto - instead of making a quick buck. I would like to get some people together who are interested in helping us create a coin for the people - a coin that everyone can get in on like other air drops - but that has the capacity to support voting from holders of the coin relative to their weight on the network/and the opposite disregarding their holdings (sort of a senate/congress situation for voting)
What would we be voting for? I have no idea - this is not going to be my coin, this coin will belong to everyone and will be at the whim of the people. If the crowd decides to rename, Hard fork, etc... It will be.
This is conceptual - and I have yet to figure out the actual process through which we would go about doing this.
We are going to need devs, designers, the whole works - if you are interested and would like to help out, please let me know
The idea is simple - Create a coin, and divide it evenly among all active accounts at Poloniex.
Pure Proof of Stake coin - we (myself and one other Dev) will premine the coin - stake it in our wallets for one week to test its ability to stake properly, and then we will send 100% of the coins to poloniex moderators. The mods will then place the exact number of coins we sent them up for grabs in the giveaway tab near the top of the site. The giveaway will last for XX hours(days?) and any unclaimed coins at the end of the giveaway will be destroyed less 10% which will be sent to an account controlled by a trusted party, perhaps Busoni if he is willing to accept that responsibility. This 10% of coins that would have been destroyed from the leftover giveaway will be used for (to be voted upon).
All of the above can be voted on - everything from how many coins, the stake age, how long the giveaway lasts, if we should keep any coins or destroy them all, etc... I would like to make as little decisions as possible here - and will need help asap setting up a system that will allow users to cast their votes effectively.
Things that need voting on -
Number of Coins
% Stake/Year
number of super Devs (members of a board whos votes count for more than the average coin owner)
% of bonus voting power to super devs
Should we premine this and send some to other exchanges instead of only POLO? Can we trust them like we trust POLO?
More questions coming
