Tyvm for your questions that we getting from community in old thread. Here is answer on most popular questions from STEEP community.
So why 500 millions STEEP?On our point of view its not so much, because we have more than 7 billions ppl living on planet Earth
), on other hand
In case of compilation of POS rewards schedule (The Steep Hills PoS Rewards System) and the general specifications we first of all set the task to consider the interests of our future investors and exchanges, there is not a secret that for investors it is most important to get profit on their investments and the trading volumes are extremely important for exchanges, 500 million coins for PoS minting not so much in case of rather low start price taking into account favorable conditions for a hold of bulk of coins on purses after start for investors (for the purpose of obtaining the greatest number of the fixed PoS rewards) it shall compensate inflation and are most probable and possible lead to growth of course volatility always the highest at lower level of the price and growth in a percentage ratio in such conditions. According to the diagram of change of PoS rewards within the first three years the total amount of the mining coins will be at most 80% of the total amount possible quantity of coins in 1 billion (that is in first three years of Hybrid mining the inflation will make only 30% , exactly for the first year about 20%, for the second only 7%, and for the third 3% of inflation as 50% will be exposed on pre-sale within ICO), remained 20% about 7,5 years will be mined. Besides the wave system of PoS rewards stimulates the increased and stable trading volume on STEEP trading pairs as sharp increases in rewards for each member of our STEEP community (which we coordinated for such holidays as Christmas and New Year, the Chinese New Year and the Birthday of the project), making the most probable receiving arrived in case of competent investment during all period of change of PoS rewards. Besides it is necessary to consider also that moment that PoS blocks first of all find those addresses which have the greatest number of coins on balance with coins in stake (minting coins) and besides the oldest coins receive a priority, so its more coins on your open Steep addresses(Steep Wallets) and the longer you hold them in stake the more PoS rewards you receive.
Of course, only one PoS Rewards system of such format not is absolutely enough for any cryptocurrency project. In our opinion, any project of such format should have stable updating from DevTeam side throughout the project timeframe, receive improvings, most demanded and popular features among cryptocommunity and possibilities of use of cryptocurrency, that can be used not only for speculation, but also as payment method in different industries, each member of our STEEP community should have a possibility of use of STEEP clients (cryptocurrency STEEP wallets on the greatest number of devices, mobile devices first of all those what is always with us (such as smartphones, tablet PC, etc.), working on all most popular operating systems (Windows Family OS, Linux, Android, iOS, MacOS) and at the same time their data and transactions shall be most protected and anonymous. Sure, it's our duty to the our STEEP community for the trust put in us and we are ready to fulfill the dept in full. More details of our development plan is specified in Roadmap.
Who is on your team? Our SteepCoin DevTeam consists of people who belong to cryptocommunity more than five years. We have successful experience in trading, mining (we have own rigs). As for me, the main developer of the project, I've been studying programming and cryptography for the last four years. In the white paper of Satoshi Nakomoto were outlined the main principles of cryptocommunity, it were trust and anonimity. According to these principles it is not important what is your name and who you are in real life, it is much more important what you say and what you do for community. How do all of us see these bases allowed to create and to build successfully the most strong and worldwide (progressive) community on the planet, so why should we break them now?
About Airdrop
The SteepCoin Bounty and Signature Campaigns are already launch. Enjoy
Join now:
https://bitcointalk.org/index.php?topic=2358898.msg24047880 About mining pools
If community wants to mine it not in solo we are ready to open pools for mining in PoW. Note that our PoW reward is 1 STEEP per block. Steep PoW mining ends on 500.000 block. Mining pools will open after ICO ends.
About actual ICO priceICO price is 0.00000050 BTC (50 satoshi) for 1 STEEP.
Why ICO, not a free launch? In our opinion ICO is a most honest for Developers and their future community method of launch, because at first DevTeam release their idea and start to pre-sale their coins, managing cryptocurrency project requires not only programming skills, but also requires a good investments now. By providing ICO Devs of the any cryptocurrency project can clearly understand how popular their idea in community and how ready community to support their project. In my point of view ICO its clear and fair start too. China disclaired ICO trading pairs on Chinese exchanges only because, at the moment we can observe huge amount of tokens, starting via ICO, that on one hand don't need any developer skills and on the other hand produce many scam.
Why 250 bitcoins too much it or not? In real time it's not to much for manage any cryptocurrency project, if you would have free time you can look how many exchanges asks for adding coin, from 0,1(Yobit lowest price simple adding coin) to 6 BTC (C-Cex), most ecxhanges asks about 4-5 BTC for adding (5 BTC Cryptopia as example), besides, paying for hosting, paying for domains, adding on services, PR actions, etc... And the most important indicator of popularity and demand for all of cryptocurrency project are keep trading volume in top after ICO ends and the preservation of the positive state vector of the price in comparison with the price of ICO (rise of price) this all requires not a small amount of investment. Main part of all cryptocommunity wants to see project in which they invested in the largest number of exchanges and with a constant sufficient volume of daily trades, the price of a wall protected from bitcoins on the buy side. About innovations, on our opinion real Roadmap with real working features better than tonns of empty promises that was given and not realize. We launch project with own Blockchain, so in future we can change anything in our main protocol if its would be asking by our community, but great amount of tokens that starting every hour now can't change anything in their protocols, simply because they are not have their own Blockchain and have not access to sources of their parents project (Etherium Tokens and Etherium Blockchain as example).
Why source link and Windows-Qt link would be open after ICO ends?Its simply because SteepCoin protect by Hybrid method of work. So, its would be not so good, if anyone can be compile node or start mining in solo for the period of ICO. So after ICO ends all around can start mining and minting under the same conditions. We are also add working Block Explorer service (speciall thanks to
animalroam with rich list, so anyone can in every moment see STEEP network status (how many blocks confirmed and how many coins mined). I can also say that for making our Steep Windows-Qt Wallet more comfortable for using we already add in it Block Browser, split block and coin control features.
Tyvm for your time, inteerst and support our project. Remember you are all AWESOME and STEEP
Sincerely Yours,
SteepCoin DevTeam
