BTX Distribution-Oct 30th

[gwestcot]

Please choose whichever choice you think is best but please read the brief descriptions for each choice that are given. If you need more background information then be sure to read the announcement page.

*edit* The link below is to the announcement page and it will explain what BTX is if you don't already know.

https://bitcointalk.org/index.php?topic=1883902.0

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. Additionally, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. the devs will retain 10% of all unclaimed coins for future development and compensation.

*edit* Here is the devs projections upon request.

https://imgur.com/a/7TWPg


2. Hybrid Distribution Plan (My Proposed Plan)

On October 30th 25% of the unclaimed coins will be airdropped to BTX holders in proportion to the percentage that they own. (excluding the accounts the devs control) All BTC holders with more that .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. The developers would then still have enough coins they control to perform 3% weekly airdrops until late February. After that the coin would be fully distributed out to the public. The developers would still retain the 10% of the unclaimed coins on Oct 30th for future development and compensation. This is roughly how numbers would be distributed out under this proposal. The second link shows the benefits of not dumping your coins after the drop since the 3% weekly airdrops would continue for 4 months or so under this plan. This should be a check on the potential dump that could occur. Smart investors will definitely hold their coins for the long term.

https://imgur.com/a/GJq27
https://imgur.com/DBRyH9O

3. Continue 3% Weekly Airdrop

This would be the simplest and slowest method of all and it would simply continue the 3% weekly airdrops until the coin is fully distributed. The developers would still get 10% of the unclaimed coins for development and compensation.

*edit* This one is too long for me to want to project out. It isn't that hard since it is in an excel spreadsheet with formulas but I still have to manually punch in the dates.

[cryptolerant]

I would prefer hybrid distribution plan as you also suggested. Distribution numbers are pretty clear in that picture.

[gwestcot]

I would prefer hybrid distribution plan as you also suggested. Distribution numbers are pretty clear in that picture.

Make sure to vote above for it. I am wanting to gauge what the community truly wants.

[pwpwpw]

So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?

[X-ray]

Please choose whichever choice you think is best but please read the brief descriptions for each choice that are given. If you need more background information then be sure to read the announcement page.

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. Additionally, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. the devs will retain 10% of all unclaimed coins for future development and compensation.

2. Hybrid Distribution Plan (My Proposed Plan)

On October 30th 25% of the unclaimed coins will be airdropped to BTX holders in proportion to the percentage that they own. (excluding the accounts the devs control) All BTC holders with more that .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. The developers would then still have enough coins they control to perform 3% weekly airdrops until late February. After that the coin would be fully distributed out to the public. The developers would still retain the 10% of the unclaimed coins on Oct 30th for future development and compensation. This is roughly how numbers would be distributed out under this proposal.

https://imgur.com/a/GJq27

3. Continue 3% Weekly Airdrop

This would be the simplest and slowest method of all and it would simply continue the 3% weekly airdrops until the coin is fully distributed. The developers would still get 10% of the unclaimed coins for development and compensation.

Do i need to buy the btx in the market and stake my shares to get an airdrop? I just know that if btx just like byteball airdrop which just linked your bitcoin and you are able to receive free btx.

[crypt0kid]

Please choose whichever choice you think is best but please read the brief descriptions for each choice that are given. If you need more background information then be sure to read the announcement page.

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. Additionally, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. the devs will retain 10% of all unclaimed coins for future development and compensation.

2. Hybrid Distribution Plan (My Proposed Plan)

On October 30th 25% of the unclaimed coins will be airdropped to BTX holders in proportion to the percentage that they own. (excluding the accounts the devs control) All BTC holders with more that .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. The developers would then still have enough coins they control to perform 3% weekly airdrops until late February. After that the coin would be fully distributed out to the public. The developers would still retain the 10% of the unclaimed coins on Oct 30th for future development and compensation. This is roughly how numbers would be distributed out under this proposal.

https://imgur.com/a/GJq27

3. Continue 3% Weekly Airdrop

This would be the simplest and slowest method of all and it would simply continue the 3% weekly airdrops until the coin is fully distributed. The developers would still get 10% of the unclaimed coins for development and compensation.

Your proposal isn't much different from that of the devs. Therefore, I'd chose #1. My proposal was an incremental increase in the percentage of the airdrops. No offense, but I don't really see the benefit of your proposal if it is nearly identical to that of the devs.

[Kryptowerk]

So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?

Nope! His proposal suggests +25% of remaining coins instead of +25% added to existent balances on October 30th. Huge difference!

I disagree with a massive drop of 25% remaning coins, this would totally distort the market, resulting in a 3x of coins in circulation and making it harder for people getting in now or later to get a fair share.

Guys, you have to realize the mid- and longterm value of BTX will be largely determined by its massive adoption. If you choose a distribution model like cryptokid, you create a dump coin as Most people are probably selling 50%+ after this massive drop.

For everyone interested in a stable Bitcore with great longevity and a chance to reach mass adoption and top100 - top50 market cap, I'd suggest to Go with the dev's plan.

Regards,
Krytowerk

[gwestcot]

So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?

The difference between the two is that the devs only want to give us a +25% drop on October 30th. This would mean if you hold 100 coins you would have 125 coins. My plan would give 25% of all unclaimed coins to the BTX holders which would be substantially larger. Additionally my plan has the 3% air drop continuing until about February so that new investors and old investors alike have the incentive to hold while the coin is being developed. This is to prevent people from dumping their newfound wealth and tanking the price of the coin. Both plans still have the devs receiving 10% of unclaimed coins and the drop to BTC holders at a rate of .4 BTX to 1 BTC.

[gwestcot]

So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?

Nope! His proposal suggests +25% of remaining coins instead of +25% added to existent balances on October 30th. Huge difference!

I disagree with a massive drop of 25% remaning coins, this would totally distort the market, resulting in a 3x of coins in circulation and making it harder for people getting in now or later to get a fair share.

Guys, you have to realize the mid- and longterm value of BTX will be largely determined by its massive adoption. If you choose a distribution model like cryptokid, you create a dump coin as Most people are probably selling 50%+ after this massive drop.

For everyone interested in a stable Bitcore with great longevity and a chance to reach mass adoption and top100 - top50 market cap, I'd suggest to Go with the dev's plan.

Regards,
Krytowerk

Well the beauty of it is my 3% airdrop continuation until February would absolutely deter anyone from moving their money until February. If the devs put in some serious work and meet benchmarks then the dumping will be at a minimum and we should have buy support from larger exchanges. Additionally, all coins other than the dev fund will be distributed so we will look more legitimate to others. In addition to that I disproved in the announcement thread that the major holders would have a disproportionate share of the coins. Even the 4th largest address would have less than 1% of the coins.

[gwestcot]

Please choose whichever choice you think is best but please read the brief descriptions for each choice that are given. If you need more background information then be sure to read the announcement page.

1. Dev's Distribution Plan

Have a one time +25% weekly airdrop for BTX holders on October 30th while continuing the 3% weekly airdrop upon registration. Additionally, All BTC holders having .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. the devs will retain 10% of all unclaimed coins for future development and compensation.

2. Hybrid Distribution Plan (My Proposed Plan)

On October 30th 25% of the unclaimed coins will be airdropped to BTX holders in proportion to the percentage that they own. (excluding the accounts the devs control) All BTC holders with more that .001 BTC at the time of the second snapshot will get BTX at a ratio of .4 BTX per 1 BTC. The developers would then still have enough coins they control to perform 3% weekly airdrops until late February. After that the coin would be fully distributed out to the public. The developers would still retain the 10% of the unclaimed coins on Oct 30th for future development and compensation. This is roughly how numbers would be distributed out under this proposal.

https://imgur.com/a/GJq27

3. Continue 3% Weekly Airdrop

This would be the simplest and slowest method of all and it would simply continue the 3% weekly airdrops until the coin is fully distributed. The developers would still get 10% of the unclaimed coins for development and compensation.

Your proposal isn't much different from that of the devs. Therefore, I'd chose #1. My proposal was an incremental increase in the percentage of the airdrops. No offense, but I don't really see the benefit of your proposal if it is nearly identical to that of the devs.

It isn't identical... The distribution is significantly larger for those that are current BTX holders and the airdrops would continue as usual. I threw the devs intentions into my plan only as a compromise so that coins are distributed to BTC holders as well. My plan has the coin being far more distributed out than the devs plan but it has incentives continuing so that it prevents a dump.

[gwestcot]

I voted for #2 it seems reasonable. It would be nice with a similar spreadsheet for #1 though, I don't think the devs provided that?

--ypsi

I will make a spreadsheet and post it in the forum so that the two can be compared.

[riskthebiscuit]

Honestly I have not been in this position before so it is really hard to say with any accuracy what will work. I wish I had more experience to draw from but I dont. To nobodys

surprise I choose the hybrid plan therefore. It isnt because we get the most but the argument laid out by gwestcot seem pretty sound. If somebody can debunk them in a major

way I am all ears. I understand there is a big scare that people will dump after such a big drop, but does that 3% moving forward on a huge balance not incentivize to hold? I

certainly will hold if I know I am getting 3% on a big balance. Regardless I am for whatever options nets us most ROI in long term. I could care less if I get more coins now or

less, whatever is best!

[Limx Dev]

Thank you for the poll.

Kind Regards Christian

[e6ug]

So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?

Nope! His proposal suggests +25% of remaining coins instead of +25% added to existent balances on October 30th. Huge difference!

I disagree with a massive drop of 25% remaning coins, this would totally distort the market, resulting in a 3x of coins in circulation and making it harder for people getting in now or later to get a fair share.

Guys, you have to realize the mid- and longterm value of BTX will be largely determined by its massive adoption. If you choose a distribution model like cryptokid, you create a dump coin as Most people are probably selling 50%+ after this massive drop.

For everyone interested in a stable Bitcore with great longevity and a chance to reach mass adoption and top100 - top50 market cap, I'd suggest to Go with the dev's plan.

Regards,
Krytowerk

Well the beauty of it is my 3% airdrop continuation until February would absolutely deter anyone from moving their money until February. If the devs put in some serious work and meet benchmarks then the dumping will be at a minimum and we should have buy support from larger exchanges. Additionally, all coins other than the dev fund will be distributed so we will look more legitimate to others. In addition to that I disproved in the announcement thread that the major holders would have a disproportionate share of the coins. Even the 4th largest address would have less than 1% of the coins.

You really think the 3% drops will stop a dump after such a big drop you are crazy. First large holder to get their coins on the market will dump the price.

[gwestcot]

So the difference between 1 and 2 is that you would exclude the dev funds from the  25% airdrop on oct 30 ? That's it ?

Nope! His proposal suggests +25% of remaining coins instead of +25% added to existent balances on October 30th. Huge difference!

I disagree with a massive drop of 25% remaning coins, this would totally distort the market, resulting in a 3x of coins in circulation and making it harder for people getting in now or later to get a fair share.

Guys, you have to realize the mid- and longterm value of BTX will be largely determined by its massive adoption. If you choose a distribution model like cryptokid, you create a dump coin as Most people are probably selling 50%+ after this massive drop.

For everyone interested in a stable Bitcore with great longevity and a chance to reach mass adoption and top100 - top50 market cap, I'd suggest to Go with the dev's plan.

Regards,
Krytowerk

Well the beauty of it is my 3% airdrop continuation until February would absolutely deter anyone from moving their money until February. If the devs put in some serious work and meet benchmarks then the dumping will be at a minimum and we should have buy support from larger exchanges. Additionally, all coins other than the dev fund will be distributed so we will look more legitimate to others. In addition to that I disproved in the announcement thread that the major holders would have a disproportionate share of the coins. Even the 4th largest address would have less than 1% of the coins.

You really think the 3% drops will stop a dump after such a big drop you are crazy. First large holder to get their coins on the market will dump the price.

Of course it will because do you know how much more you will get if you get the compounding 3% weekly airdrop after a large distribution? I will make an excel spreadsheet for that as well if you would like but it is actually massive. So basically anyone with half a brain would keep their coins in their wallet until atleast February.

[gwestcot]

Thank you for the poll.

Kind Regards Christian

No problem! I love the coins features but I just felt in my heart that the distribution method wasn't for the best. Each of the 3 plans has their own pros and cons but I thought that my plan mitigated the cons while maintaining most of the pros that everyone loved about the coin. It also still distributes the coins to BTC holders as an invitation like you wanted to as well so I thought it was a decent compromise.   

[agrs]

I like the Hybrid Plan... but maybe not 25% of 15Mln?!
25% of 15,517,032 = 3,879,258 / 6122 = 633.658608298
That is a lot of coins. We can think that some people may dump half of it 316.82930414 and will still get 9.48 in the Weekly 3%. That sound a good deal for someone expecting to dump.
15% of 15,517,032 = 2,327,554.8 / 6122 = 380.19516497 If 50% Dump = 190.09758248 Then Weekly %3 = 5.70292747
Maybe the dump not happen, maybe it will. Better safe then sorry.

Hey, people, what 25%??? Its a 4 million. Now is 1 million. What will happen to the price? This is the abyss! I vote for the Devs option.

[pwpwpw]

If you put something up for vote, have at least proper choices, the 2 choices that are in the voting thread are not enough, there obviously has to be the choice of slow and steady weekly 3% airdrops till the end, which I believe is much better than airdropping millions of at once which could 1/10 the price in a day, then you see the FUDers, the trolls, the panic and the coin is fucked. You want more options, otherwise the vote is meaningless. Here's an idea, keep the 3% weekly but on top of that, make an additional giveaway using a site like this to track the effort/work https://gleam.io/examples(or others, I don't care which), lets say something like, do 1 tweet daily for a week to get ...1% (whatever number, can be voted too) extra coins (on top of the 3%) up to...500 coins (100 at least, max 1000 imo), so basically you would pay someone 5 coins / week for 7 tweets about bitcore (fixed text or their own, whatever). These numbers are just examples as is twitter, you could do the same with facebook, youtube, whatever platform but for people with a follower base, obviously to have meaning and to avoid fake spammers. Something like this is the way to spread the word meaningfully and credit those who do the work in a fair manner, why should random people for absolutely doing nothing get huge distributions ? When it's most likely they will dump as soon as possible and move on to the next coin that has a giveaway or such.

By doing this, you ensure that the coin's publicity steadily rises and it adds huge buying pressure because if you want to get the weekly 2-3-4% extra vs the others, then you have to first buy the coin (if you don't already have it). Now that I think of it, I would have a minimum amount of work for even the 3%, so, following and liking on all social media and do some little work for the weekly 3%. This is how you give the coins to the people that care about it and not those who just buy in and sit on it, wait a few months and dump it.

Think about the above guys.

[jmigdlc99]

What the hell is BTX? Its a new "Bitcoin Core" coin with 20MB segwit. For those interested here is a link: https://bitcointalk.org/index.php?topic=1883902.0

It would have been much better if a link is already posted on OP instead of just assuming everyone already knows what this is.
But anyway who is complaining, free coins for everyone. Thanks!

[gwestcot]

I like the Hybrid Plan... but maybe not 25% of 15Mln?!

25% of 15,517,032 = 3,879,258 / 6122 = 633.658608298

That is a lot of coins. We can think that some people may dump half of it 316.82930414 and will still get 9.48 in the Weekly 3%. That sound a good deal for someone expecting to dump.

15% of 15,517,032 = 2,327,554.8 / 6122 = 380.19516497 If 50% Dump = 190.09758248 Then Weekly %3 = 5.70292747


Maybe the dump not happen, maybe it will. Better safe then sorry.

Its a possibility that some may sell but to me it is worth it in the long run and the smartest people will keep their 3% weekly distributions after the drop. This is what it would look like if you had 1500 coins and held until February. To me being distributed to the public in the hybrid method would bring legitimacy to the project because it would appear to look less like a scam coin. Obviously it isn't a scam but having the devs still controlling a lion share of the coins for another year is kind of negative too.

https://imgur.com/DBRyH9O