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Phore (OP)
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September 17, 2014, 05:46:58 PM |
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Updated. I was hoping for next week (Wed), but looking at what I still need to finish moved it back a few extra days... Launch date for the MP is Monday 29th Sept. Do you have any updates on when the marketplace will be launched? Also Could you update the thread title with maybe something to do with the market place. Titles are a huge way to attract attention to a coin.
Thanks for the news. Please post in title that MP launch planned for 9/29. |
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MajidBC
Full Member
 Offline
Activity: 182
Merit: 100
KryptKoin is one of the best!!!
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September 17, 2014, 06:14:46 PM |
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 Hello KryptKoin friends, Please add $UNO to the KryptKoin marketplace. Unobtanium has been around for a year, has a great community, merchant acceptance through coinpayments.net and unbreakablecoinauctions.com, and is consistently a top-50 crypto on CMC. Please consider Unobtaniun/UNO. We'd love to be in your market. Best wishes to you all. Welcome! Nice to see you here. Details about adding new coins to the MP will be announced soon. |
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Phore (OP)
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September 17, 2014, 06:16:57 PM |
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Marketplace UpdateOkay, just to post details about the % profit share to KTK holders. Please discuss and give any opinion you may have. Taking the money supply into account (approx 17M), a total of 20.4% on all profits generated will be given to KTK holders. That means, vendor sales fees, any products created/owned by the MP, advertising (banner ads) and any other ways to generate revenue. Initially the profit share is calculated based on: 10000 KTK = 0.012% (taking into account the full 17M) The minimum KTK holding is 30K and the maximum is 1M, that would give a profit share of 0.036% and 1.2% respectively. Once the MP is live, can then look at how much KTK is on exchanges and not eligible to receive any profit share. So the % will go up based on just the KTK being held in wallets. Anyone who would like to take part in the profit share will register their address, and then it can be tracked. All dividends will be paid in btc, so any revenue generated in USD/KTK/OTHER ALTS will be exchanged before being paid out. The start date for paying out dividends will be finalized after the MP is live. If anyone has suggestions/ideas how we can automate the process, please don't be shy!  I was hoping for next week (Wed), but looking at what I still need to finish moved it back a few extra days...
Launch date for the MP is Monday 29th Sept.
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Continental
Newbie
Offline
Activity: 24
Merit: 0
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September 17, 2014, 06:19:06 PM |
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Marketplace UpdateOkay, just to post details about the % profit share to KTK holders. Please discuss and give any opinion you may have. Taking the money supply into account (approx 17M), a total of 20.4% on all profits generated will be given to KTK holders. That means, vendor sales fees, any products created/owned by the MP, advertising (banner ads) and any other ways to generate revenue. Initially the profit share is calculated based on: 10000 KTK = 0.012% (taking into account the full 17M) The minimum KTK holding is 30K and the maximum is 1M, that would give a profit share of 0.036% and 1.2% respectively. Once the MP is live, can then look at how much KTK is on exchanges and not eligible to receive any profit share. So the % will go up based on just the KTK being held in wallets. Anyone who would like to take part in the profit share will register their address, and then it can be tracked. All dividends will be paid in btc, so any revenue generated in USD/KTK/OTHER ALTS will be exchanged before being paid out. The start date for paying out dividends will be finalized after the MP is live. If anyone has suggestions/ideas how we can automate the process, please don't be shy! I was hoping for next week (Wed), but looking at what I still need to finish moved it back a few extra days...
Launch date for the MP is Monday 29th Sept.
Launch date for the MP? What do you mean? |
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Phore (OP)
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September 17, 2014, 06:46:59 PM |
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The marketplace is going live on the 29th. Launch date for the MP? What do you mean?
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tom14cat14
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September 17, 2014, 07:43:53 PM |
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Marketplace UpdateOkay, just to post details about the % profit share to KTK holders. Please discuss and give any opinion you may have. Taking the money supply into account (approx 17M), a total of 20.4% on all profits generated will be given to KTK holders. That means, vendor sales fees, any products created/owned by the MP, advertising (banner ads) and any other ways to generate revenue. Initially the profit share is calculated based on: 10000 KTK = 0.012% (taking into account the full 17M) The minimum KTK holding is 30K and the maximum is 1M, that would give a profit share of 0.036% and 1.2% respectively. Once the MP is live, can then look at how much KTK is on exchanges and not eligible to receive any profit share. So the % will go up based on just the KTK being held in wallets. Anyone who would like to take part in the profit share will register their address, and then it can be tracked. All dividends will be paid in btc, so any revenue generated in USD/KTK/OTHER ALTS will be exchanged before being paid out. The start date for paying out dividends will be finalized after the MP is live. If anyone has suggestions/ideas how we can automate the process, please don't be shy! I was hoping for next week (Wed), but looking at what I still need to finish moved it back a few extra days...
Launch date for the MP is Monday 29th Sept.
Great way to make the coin more valuable. Returning money to the holders is always good for price. |
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tom14cat14
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September 17, 2014, 08:03:03 PM |
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Can we get as many KTK supporters in the IRC #ktk. There is a vote that starts in 48 mins and we need as many supporters to take part as we can. So please join.
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tom14cat14
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September 17, 2014, 08:33:43 PM |
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We have 5 mins until voting starts. So far I am the only one.
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hala
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September 18, 2014, 03:01:24 AM |
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the detail is promising , and i think the max holder limit is acceptable . maybe is a little too much, 0.5 Million is a good idea . BTC is the best payout to give holder. |
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tom14cat14
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September 18, 2014, 03:27:23 AM |
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the detail is promising , and i think the max holder limit is acceptable . maybe is a little too much, 0.5 Million is a good idea . BTC is the best payout to give holder. I like the payment where it is. It gives everyone something to shoot for. |
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prix
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September 18, 2014, 04:21:26 AM |
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the detail is promising , and i think the max holder limit is acceptable . maybe is a little too much, 0.5 Million is a good idea . BTC is the best payout to give holder. It's very difficult to control an upper limit. How do you want to control it? The user may have multiple addresses, mails, forum accounts, etc. |
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uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
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September 18, 2014, 09:32:09 AM |
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Marketplace UpdateOkay, just to post details about the % profit share to KTK holders. Please discuss and give any opinion you may have. Taking the money supply into account (approx 17M), a total of 20.4% on all profits generated will be given to KTK holders. That means, vendor sales fees, any products created/owned by the MP, advertising (banner ads) and any other ways to generate revenue. Initially the profit share is calculated based on: 10000 KTK = 0.012% (taking into account the full 17M) The minimum KTK holding is 30K and the maximum is 1M, that would give a profit share of 0.036% and 1.2% respectively. Once the MP is live, can then look at how much KTK is on exchanges and not eligible to receive any profit share. So the % will go up based on just the KTK being held in wallets. Anyone who would like to take part in the profit share will register their address, and then it can be tracked. All dividends will be paid in btc, so any revenue generated in USD/KTK/OTHER ALTS will be exchanged before being paid out. The start date for paying out dividends will be finalized after the MP is live. If anyone has suggestions/ideas how we can automate the process, please don't be shy! Few remarks. One: if dividends are to be paid in BTC only that would mean you would have to sell KTK that were earned on the MP, thus pushing the price down. My suggestion is to pay dividend in KTK and BTC, where all non-KTK should be converted to BTC. That shouldn't be overly complex and in that way we won't add any selling pressure to the price of the coin. Remark two. If dividend is to be paid based on KTK held in the wallet, how to determine the number of coins to qualify for dividend? Monitor periodically each eligible wallet and then take the average amount that was held in the wallet over that period? Multiple addresses? No problem, registration would include sending, e.g., 100 uKTK to confirm you are the owner of the address. you would be required to pass txid of all addresses belonging to you that you want to be eligible for dividend. |
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policymaker
Full Member
Offline
Activity: 210
Merit: 100
Crypto Currency Supporter
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September 18, 2014, 09:22:27 PM |
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excellent update on MP, ty v much!
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LemonAndFries
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September 18, 2014, 10:54:07 PM |
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So should I message dev about participating in the shareholder list or will there be another announcement of how to do it?
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tom14cat14
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September 18, 2014, 11:34:50 PM |
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So should I message dev about participating in the shareholder list or will there be another announcement of how to do it?
Another announcement. He wants to have it up and running with sales date before selling any shares. |
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MajidBC
Full Member
Offline
Activity: 182
Merit: 100
KryptKoin is one of the best!!!
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September 19, 2014, 10:19:05 PM |
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Few remarks. One: if dividends are to be paid in BTC only that would mean you would have to sell KTK that were earned on the MP, thus pushing the price down.
My suggestion is to pay dividend in KTK and BTC, where all non-KTK should be converted to BTC. That shouldn't be overly complex and in that way we won't add any selling pressure to the price of the coin.
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Multiple addresses? No problem, registration would include sending, e.g., 100 uKTK to confirm you are the owner of the address. you would be required to pass txid of all addresses belonging to you that you want to be eligible for dividend.
I agree about the first remark. About multiple addresses, I think prix said that putting upper limit is nonsense, since someone can have multiple addresses. And my question is why there should be an upper limit at the first place? the detail is promising , and i think the max holder limit is acceptable . maybe is a little too much, 0.5 Million is a good idea . BTC is the best payout to give holder. It's very difficult to control an upper limit. How do you want to control it? The user may have multiple addresses, mails, forum accounts, etc. |
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frant100
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September 20, 2014, 07:14:02 AM |
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Few remarks. One: if dividends are to be paid in BTC only that would mean you would have to sell KTK that were earned on the MP, thus pushing the price down.
My suggestion is to pay dividend in KTK and BTC, where all non-KTK should be converted to BTC. That shouldn't be overly complex and in that way we won't add any selling pressure to the price of the coin.
....
Multiple addresses? No problem, registration would include sending, e.g., 100 uKTK to confirm you are the owner of the address. you would be required to pass txid of all addresses belonging to you that you want to be eligible for dividend.
I agree about the first remark. About multiple addresses, I think prix said that putting upper limit is nonsense, since someone can have multiple addresses. And my question is why there should be an upper limit at the first place? the detail is promising , and i think the max holder limit is acceptable . maybe is a little too much, 0.5 Million is a good idea . BTC is the best payout to give holder. It's very difficult to control an upper limit. How do you want to control it? The user may have multiple addresses, mails, forum accounts, etc. agree with upper limit I hold another coin and the dev of that coin was staking the distribution wallet at launch wich caused him to get most of the BTC dividend but it will be difficult to stop people having multiple wallets |
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Phore (OP)
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September 20, 2014, 03:05:31 PM |
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I was trying to keep things simple as possible but you have a good point, so will go with your suggestion. Yes And another good suggestion!
Few remarks. One: if dividends are to be paid in BTC only that would mean you would have to sell KTK that were earned on the MP, thus pushing the price down.
My suggestion is to pay dividend in KTK and BTC, where all non-KTK should be converted to BTC. That shouldn't be overly complex and in that way we won't add any selling pressure to the price of the coin.
Remark two. If dividend is to be paid based on KTK held in the wallet, how to determine the number of coins to qualify for dividend? Monitor periodically each eligible wallet and then take the average amount that was held in the wallet over that period?
Multiple addresses? No problem, registration would include sending, e.g., 100 uKTK to confirm you are the owner of the address. you would be required to pass txid of all addresses belonging to you that you want to be eligible for dividend.
The max limit was to try avoid anyone having too much % of the profit share. I agree about the first remark. About multiple addresses, I think prix said that putting upper limit is nonsense, since someone can have multiple addresses. And my question is why there should be an upper limit at the first place? the detail is promising , and i think the max holder limit is acceptable . maybe is a little too much, 0.5 Million is a good idea . BTC is the best payout to give holder. It's very difficult to control an upper limit. How do you want to control it? The user may have multiple addresses, mails, forum accounts, etc. We still have a large amount in the bounty pot, and I have my KTK but in both instances they won't be registered for the KTK holders (20.4%) profit share. Both together is around 1.5M, so straight away KTK holders will get a boost on the % share. I don't think it would be fair to give 20.4% and then claw some back from my own stack and the bounty pot! I'll make the addresses public, and those who register will have theirs listed too, so it's transparent for all to see which addresses receives the profit share.
agree with upper limit I hold another coin and the dev of that coin was staking the distribution wallet at launch wich caused him to get most of the BTC dividend but it will be difficult to stop people having multiple wallets
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cryptopumpas
Newbie
Offline
Activity: 31
Merit: 0
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September 20, 2014, 08:28:45 PM |
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can i register by giving my ktk wallet adres?
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itsmeram
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September 21, 2014, 08:37:07 AM |
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Marketplace UpdateOkay, just to post details about the % profit share to KTK holders. Please discuss and give any opinion you may have. Taking the money supply into account (approx 17M), a total of 20.4% on all profits generated will be given to KTK holders. That means, vendor sales fees, any products created/owned by the MP, advertising (banner ads) and any other ways to generate revenue. Initially the profit share is calculated based on: 10000 KTK = 0.012% (taking into account the full 17M) The minimum KTK holding is 30K and the maximum is 1M, that would give a profit share of 0.036% and 1.2% respectively. Once the MP is live, can then look at how much KTK is on exchanges and not eligible to receive any profit share. So the % will go up based on just the KTK being held in wallets. Anyone who would like to take part in the profit share will register their address, and then it can be tracked. All dividends will be paid in btc, so any revenue generated in USD/KTK/OTHER ALTS will be exchanged before being paid out. The start date for paying out dividends will be finalized after the MP is live. If anyone has suggestions/ideas how we can automate the process, please don't be shy! I was hoping for next week (Wed), but looking at what I still need to finish moved it back a few extra days...
Launch date for the MP is Monday 29th Sept.
Register wher and what? can you explain more please |
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