New Poll for 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. 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.

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


2. Hybrid Distribution 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. Dev's Plan+10% Weekly Airdrops

This plan would be identical to the dev's plan but instead of continuing 3% airdrops there would be weekly 10% airdrops until fully distributed by late February. This would distribute coins out in the same speed as the original hybrid plan but in a more gradual way. It would provide an incentive for holding the coins and alleviate fears of a dump on a massive distribution. The dev's would still get 10% of unclaimed coins for compensation and development.

https://imgur.com/UheWXnb

4. Dev's Plan with an incremental increase in weekly Airdrops

This plan would be the same as the dev's plan but instead of a +25% airdrop there would be a +15% airdrop to your balance on October 30th. Additionally, instead of a flat 3% weekly airdrop there would be an incrementally increasing weekly airdrop. This could be an increase of 1% per month on the weekly airdrop or it could look differently depending on how long the devs want the airdrop to last. In the spreadsheet, the first month starts at 3% and increases every month afterwards by 1% to be fully distributed out by roughly May 21st. The devs would still receive 10% of all unclaimed coins for compensation and development.

https://imgur.com/QLSjwyi

5. 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. This one is too long for me to want to project out in a spreadsheet.

[108shivad]

i likes Dev Plan+10% Weekly Airdrops
please
thx
shivad

now that i thinks it overs, i'd go with #4 too. incremental drops... 
shivad

[PortalM]

i likes Dev Plan+10% Weekly Airdrops
please
thx
shivad

I think that 10% a week is too much. Guys, understand that this is very difficult for the market. Demand will not absorb such an offer. A much more attractive step-by-step increase of percentage.

[shtako]

You are hugely overestimating how much bitcore will be redeemed by bitcoin holders in your models. And the redeeming will not be linear.

My vote goes to devs distribution plan. I think that plan is very well balanced.

[tj4dmx]

Dev's Plan+Inremental increase in weekly Airdrops

[xaxzhojen]

Dev's Plan+Inremental increase in weekly Airdrops

[kobri0815]

I am really into dev's plan. They made a solid model and fair for everyone.

If I would choose to the poll i would suggest "Dev's Plan+10% Weekly Airdrops" just to stick to the original plan but also make a bit a faster distribution.

[AntiTector]

How to unvote?
i accidentally pressed nr 2.
I vote for nr 4.

The quantity of coins we have doesn't matter,
What matters is how many people has it..
I would choose that what is best for coin itself, because what is the point to have many coins, that have low value..
Two ways:
Coin quantity for holders
vs
Coin popularity and value

We need to find golden middle here.

[preda]

number 4

[Kryptowerk]

I like both plan #1 and plan #4.

Regarding #4 I would suggest a declining increase of weekly airdrops, like + 3% + sqrt(week number), so for example

• initial drop = + 3%
• first week = 3% + sqrt(1) = 4%
• second week = 3% + sqrt(2) = 4,41%
• third week = 3% + sqrt(3) = 4,73%

and so on... (might make a spreadsheet for this one). The reason beeing with continouus +1% additions, we will be way over 10% after only 2 months, and every week even more, which would end the modl very soon and could come off as unfair for new investors that missed out on the drops.

Also I wouldn't really decrease the big drop to 15%, many people that are not as active to read all the updates all the time but just heared about the 25% plan could be disappointed. I don't consider this a huge problem, though.


One final note: I think the BTC -> BTX plan is crucial for the mid term. It may sound like peanuts for some of larger BTX holders, but could help generate thousands+ new Bitcore users, especially if we see prices of $10+ again (which seems like a psychological hurdle for me).

[gwestcot]

I like both plan #1 and plan #4.

Regarding #4 I would suggest a declining increase of weekly airdrops, like + 3% + sqrt(week number), so for example

• initial drop = + 3%
• first week = 3% + sqrt(1) = 4%
• second week = 3% + sqrt(2) = 4,41%
• third week = 3% + sqrt(3) = 4,73%

and so on... (might make a spreadsheet for this one). The reason beeing with continouus +1% additions, we will be way over 10% after only 2 months, and every week even more, which would end the modl very soon and could come off as unfair for new investors that missed out on the drops.

Also I wouldn't really decrease the big drop to 15%, many people that are not as active to read all the updates all the time but just heared about the 25% plan could be disappointed. I don't consider this a huge problem, though.


One final note: I think the BTC -> BTX plan is crucial for the mid term. It may sound like peanuts for some of larger BTX holders, but could help generate thousands+ new Bitcore users, especially if we see prices of $10+ again (which seems like a psychological hurdle for me).

That one is Crypt0kid's proposal and I think what he meant was that for the whole month the weekly percentage would be the same. For example month 1 it would be 3% and then Month 2 it would be 4% or some variation of that.

[hieu81]

Dear all
I like this: Dev's Plan+10% Weekly Airdrops
hope we are had a best coin

[gwestcot]

You are hugely overestimating how much bitcore will be redeemed by bitcoin holders in your models. And the redeeming will not be linear.

My vote goes to devs distribution plan. I think that plan is very well balanced.

Clearly it wont be linear but I have no way of predicting how many will claim their coins so I kept on the current pace. It has been almost 6 months and we haven't even had 500k BTX claimed yet so I don't think it is going to pick up really fast anytime soon. I also haven't seen any real increase in the pace of claiming as of now so I just stayed with the average. In my opinion, BTC holders will claim only if the price of BTX rises and it is worthwhile for them to claim. I also think that by in large many of the people who do claim will simply dump the coins which is very similar to what happened when Bitcoin Cash came out.

[genopark]

Posting to get outta newb status...

[Fredomago]

voting for number 4 i guess it will help the dev to continue gaining supporters as time passed and this chain should help bitcoin
promoting its own identity ill wait till the end of this month and see the results of our votes.

[shtako]

You are hugely overestimating how much bitcore will be redeemed by bitcoin holders in your models. And the redeeming will not be linear.

My vote goes to devs distribution plan. I think that plan is very well balanced.

Clearly it wont be linear but I have no way of predicting how many will claim their coins so I kept on the current pace. It has been almost 6 months and we haven't even had 500k BTX claimed yet so I don't think it is going to pick up really fast anytime soon. I also haven't seen any real increase in the pace of claiming as of now so I just stayed with the average. In my opinion, BTC holders will claim only if the price of BTX rises and it is worthwhile for them to claim. I also think that by in large many of the people who do claim will simply dump the coins which is very similar to what happened when Bitcoin Cash came out.

Maybe you failed to consider the 0.4 ratio. You're about 250% higher than the average when considering that. For your numbers to become real  bitcore would need a much higher price and more exposure. Those would probably both occur.

This is not meant as critisism, you are undoubtingly doing a good job here. I just felt that those numbers should have been better estimated.

[gwestcot]

You are hugely overestimating how much bitcore will be redeemed by bitcoin holders in your models. And the redeeming will not be linear.

My vote goes to devs distribution plan. I think that plan is very well balanced.

Clearly it wont be linear but I have no way of predicting how many will claim their coins so I kept on the current pace. It has been almost 6 months and we haven't even had 500k BTX claimed yet so I don't think it is going to pick up really fast anytime soon. I also haven't seen any real increase in the pace of claiming as of now so I just stayed with the average. In my opinion, BTC holders will claim only if the price of BTX rises and it is worthwhile for them to claim. I also think that by in large many of the people who do claim will simply dump the coins which is very similar to what happened when Bitcoin Cash came out.

Maybe you failed to consider the 0.4 ratio. You're about 250% higher than the average when considering that. For your numbers to become real  bitcore would need a much higher price and more exposure. Those would probably both occur.

This is not meant as critisism, you are undoubtingly doing a good job here. I just felt that those numbers should have been better estimated.

Nope the .4 ratio in the big drop is in the one column and then the 21k is subtracted from that column as people claim their bitcore every week. Maybe it is displayed kind of weird. I am taking it as constructive criticism though so no worries!  

[timpum]

Choose 4, this is the best option.

[tj4dmx]

Choose 4, this is the best option.

Dev's Plan+Inremental increase in weekly Airdrops

[Ging]

am with Dev's Plan+10% Weekly Airdrops