Hello everyone, my community of car enthusiasts started a new ERC20 token on Ethereum. We want to launch in the most fair way possible to the public. Our reputation is paramount to us and want to use our token to get new relevant community members. Without going too deep into things and without shilling our coin - out of respect for the forum - here are some details:
- We are allocating 60% of supply for members of our community. 20% of this is for the core membership of approximately 20 members. The rest of this is for new members (all new members will receive an allocation of coins after being voted into by main community). The new members supply will be frozen and will unfreeze every 6 months for when we put new members under review.
- 30% of total supply is for the public to purchase as they see fit
- 10% is for meetups and community development
I was wondering if something like this has been done before or in a better way? Should we freeze our 20% core member coins for some time as well?
Thank you all!
Freezing coins had been done before and it's not good. If they are investors, they put money into it, and being frozen, it's definitely not good for their investment unless this is going to be a sure profit of more than 100% as sort of an incentive for it. I'm not sure if I understood it but you have 120% all in all that you have there.
What's the name of the project? There was a car project before like the Curio. Nobody cares about it anymore.
Thank you for your reply.
I'll make the breakdown more clear:
60% of total supply is reserved for founding members and for new members
- 40% of this allocation goes to new members. 20% is for founding members.
- all new members will receive coins upon being voted in by the community. These coins will be unfrozen every six months
30% of total supply can be purchased by the public
10% of total supply is for community development.
Our project is
http://www.slurrycoin.comWe belong to a well known car forum and want to use the coin and NFT's as an incentive to increase our membership with people who like the same things as us.