Not quite sure about your distribution model... Are you going to deliver the stones for mined coins? It would mean you'll own all coins in the end...
Or, there will be ICO and the coins will be delivered to ICO investors?
Or, the coin will start as regular mineable coin, and then listed on exchanges, and then the stones will be delivered to those lucky ones that will place the first orders...?
Once all stones are delivered the coin will be dead, won't it?
Hello .
Very good questions.
We plan to release the ICO which then goes into the hands of investors ICO.
There is still a lot of uncertainties in the projections is why we as new in the world of crypto We came to you about help in writing a good project that will be for many years.
Every year, the circulation We can throw 2-3 million SFC that were to reflect in the real mining striped flint. That is best in this case would enable the mining of coins via computer. By setting the specifications of coins on production of 2-3 million coins per year.
There is still a lot of questions that we will try to solve as well.
Let's go back to the distribution model, since it's not yet clearly defined.
This is what we know:
-You want to collect 825+ BTC representing 12000 kg of the stones = ca. 480000 USD
-You want to deliver 2000-3000 kg of the stones per year
-1 SFC = 0.04 USD
-1 SFC = 0.00006897 sat (1 BTC = 580 USD)
Questions:
-Who will be receiving the physical stones? I mean, are you goint to take a blockchain snapshot say once or twice a year to determine the coin owners?
-The coin supply over say next 5 years will be 12 M (ICO) + 1 M (bounties) + 5 * 2.5 M (mined coins) = 25.5 M coins, and it gives 25 500 kg of physical stones, whereas your ICO funds will be 825+ covering some 12000+ kg. If the ICO won't give you substantially more than 825 BTC, then how are you going to finance your physical stone mine once the ICO funds are drained to zero?
-What in case of BTC price drops after your ICO? Do you have enough margin to keep your stone mine running?
-How are you going to mine and deliver the physical stones after spending the ICO funds?
And another question:
-How is privacy addressed in your project, ie. crypto users love privacy, but they will have to reveal identities in order to receive the stones.
Are you prepared to properly maintain the users database from hackers, scammers, etc?
