As far as I can tell, from a technical standpoint, this coin is working perfectly. I've been mining it for just over a week now with 20MH on X11 and am averaging about a million coins a day, the wallet stakes regularly (76 times in the past 24 hours alone), I've been receiving my coins like clockwork since reaching full member status and changing my signature, and I have been receiving regular BTC dividends. So congrats dev, and nice job, at least on those portions of the project.
From a trading perspective, things seem pretty stagnant. I've had a buy order for 1 satoshi posted at Bittrex for over a week that still hasn't filled, so the mass dumping seems to be over, but there's not a lot of buying happening either. I'm guessing most people at this point are pretty much just holding and waiting to see what happens next.
Which brings us to where the dev has totally dropped the ball. Between lack of communication, confusing and ambiguous information, blatant misinformation, accusations of scam, and spreading of FUD, trust in the dev team and faith in this coin is probably pretty low. I'm a person that likes to give people the benefit of the doubt and I tend to trust people (to a certain point) until such time as they have given me adequate reason not to, but even I am starting to have my doubts concerning the trustworthiness of this dev.
Dev, can you please explain to us why you are not following your original distribution plan for DOLP (ramping up to 100 million per day for 30 days) or for BTC dividends (ramping up to 1BTC per day for 100 days) as outlined on your website (
http://www.dolphincoin.org/)? If there is a legitimate, reasonable excuse for it, please explain it to us so that we know what it is instead of having nothing to go on but speculation/FUD and some screenshots of an exchange site and a game. And I don't mean an explanation buried here in pages of posts... please update the OP with the reason for the change, and while you're at it, please explain to us exactly what the current distribution methods/calculations are (how many DOLP per day are being distributed and how are BTC dividends being calculated?). And last but not least, is this just a delay until starting the original distribution plans, or are the current ones here to stay?
I think this coin has a lot of potential, and the idea of using it to raise start up capital for a project and then receiving a share of the profits of that project is brilliant, but it is not going to go anywhere without people being able to trust the dev, and soon nobody is going to trust the dev unless we get some communication and specs we can rely on. Trust begets trust, and how can people place their trust in this dev if the dev cannot be trusted to follow their own plan?
I have a few ideas for projects that I think would fit well with this coin/concept and would (hopefully) steadily increase the BTC dividends, but I would want to wait at least until the 3B multipool distribution is done. They are projects that I was planning on doing anyways and financing myself, but if I were able to start them sooner by funding them with DOLP, I'd be quite happy to share 25% of the profits as dividends. Until the distribution is done though and I see some followthrough on the part of the dev, I'll keep those plans to myself.
In our original distribution plan for DOLP, we thought we would have many miners on Multipool to mine but finally we found that it was hard to make ends meet if we keep distributing 1 BTC dividend per day for 100 days. There are 8 people in our DOLP dev team and a few dozen people in the IOS game team. So we have to change the distribution plan before we can survive and make profit.
Now the amount of the daily BTC dividend depends on the real profits of Multipool. We will distribute 80% of the profits as BTC dividend and save 20% as operating cost. The daily DOLP distribution will be twice of the real profit. For example, if we earn 0.05 BTC on Multipool today, we will distribute 0.04 BTC as dividend and 10,000,000 (0.05*2/0.00000001) DOLP to miners. Considering the DOLP price is 2 satoshi now and we still calculate the amount of DOLP at the price of 1 satoshi, the real DOLP distribution amount is the quadruple of the daily revenue.
The distribution policy will not change until the total amount of distributed DOLP on Multipool reaches 3B. After that the 98% of daily profit of Multipool will be used to buy DOLP from the market and distributed to miners. 1% of daily profit will be distributed as BTC dividend. 1% of daily profit will be saved for operating cost. If we have other projects making profits, we will surely add part of the profits to the BTC dividend then.
