[ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0

[sofakingdom]

I love the idea of folding instead of mining, but was disappointed with where CURE went.  I will bookmark this page and likely be back soon to contribute to the cause.

[1715097371]

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[madmartyk]

Folding coin payment posted!!  Thanks!!!

[K210]

Proposal for FoldingCoin Dedication Reward

At the monthly meeting, I talked about using 5Mln of the 100Mln undistributed tokens we received for rewarding long-term folders. This way we can also reward small contributors for their dedication. What I propose:

We count the number of days an address has been included in the daily distributions. We then reward the folders via weekly distributions for reaching the following milestones with X amount of FLDC:

Level 0: New Folder - 0-10 days - 0 FLDC
   Level 1:   Junior Folder - 11-25 days - 200 FLDC
   Level 2:   Folder - 26-50 days - 500 FLDC
   Level 3:   Senior Folder - 50-100 days - 1000 FLDC
   Level 4:   Hero Folder - 101-365 days - 5000 FLDC
   Level 5:   Legendary Folder - 1yr-2 yrs - 10000 FLDC
+   Level 5+: Folding Champion - +2yrs - 50000 FLDC

These rewards might be small to huge miners, but they are sizeable to smaller ones. We could also only do it above a certain level. Next to this we can make badges for this (Like a FLDC logo with a number on it) that people can proudly use on bitcointalk.

For the next week, I would like to get feedback from the community on this and then we will put it up for a vote in this thread.

So, what do you think?

I'm in favour of this, the reason im still folding is not because of profit but rather the value of the work units i process.

[madmartyk]

Proposal for FoldingCoin Dedication Reward

At the monthly meeting, I talked about using 5Mln of the 100Mln undistributed tokens we received for rewarding long-term folders. This way we can also reward small contributors for their dedication. What I propose:

We count the number of days an address has been included in the daily distributions. We then reward the folders via weekly distributions for reaching the following milestones with X amount of FLDC:

Level 0: New Folder - 0-10 days - 0 FLDC
   Level 1:   Junior Folder - 11-25 days - 200 FLDC
   Level 2:   Folder - 26-50 days - 500 FLDC
   Level 3:   Senior Folder - 50-100 days - 1000 FLDC
   Level 4:   Hero Folder - 101-365 days - 5000 FLDC
   Level 5:   Legendary Folder - 1yr-2 yrs - 10000 FLDC
+   Level 5+: Folding Champion - +2yrs - 50000 FLDC

These rewards might be small to huge miners, but they are sizeable to smaller ones. We could also only do it above a certain level. Next to this we can make badges for this (Like a FLDC logo with a number on it) that people can proudly use on bitcointalk.

For the next week, I would like to get feedback from the community on this and then we will put it up for a vote in this thread.

So, what do you think?

I'm in favour of this, the reason im still folding is not because of profit but rather the value of the work units i process.

I like it!!!  Waiting for GPU #2 to get returned from repair!!  Gonna double the folding power!!

[K210]

Is there a fixed schedule for distribution or do distributions go out at random time intervals? Recently payments have been coming in pretty randomly, would be nice to have a fixed schedule like every 3 days or so. 

[FoldingCoin]

Is there a fixed schedule for distribution or do distributions go out at random time intervals? Recently payments have been coming in pretty randomly, would be nice to have a fixed schedule like every 3 days or so.  

Thats what we are gonna switch to. A lot of what i am doing today is fixing little issues like that. Since i was working full time in July distributions got a little random, so I am thinkg we will switch to weekly distributions so i know i can make them everyday. I will write up a community update here today on all the changes we plan on making. Thanks!

[K210]

FLDC market is looking good for a change, solid buy support at 40 sats

[Jonesd]

FLDC market is looking good for a change, solid buy support at 40 sats

Just checked it and we have a buy support of 13BTC at 40 sats! That is incredible news! This is a win win for three parties: the buyer that gets FLDC at a bargain, the folder that will be able to sell some FLDC to pay for electricity and finally of course the future patient that can be cured.

[SalimNagamato]

nice rise... keep it going
i wish 1k satoshi for us

not agree to depart single precious FLDC for less.

[K210]

nice rise... keep it going
i wish 1k satoshi for us

not agree to depart single precious FLDC for less.

why stop at 1k?10k is very possible.To the moon!

[pinkie31]

trying to deposit fldc to poloniex and have been told due to issues with counterpaty that folding coin is affected.   does anybody know what the problems are?

[Jonesd]

trying to deposit fldc to poloniex and have been told due to issues with counterpaty that folding coin is affected.   does anybody know what the problems are?

I had some issues with counterparty login today,  so I think they're having some issues.  Usually it works out itself pretty quickly

[FoldingCoin]

Is there a fixed schedule for distribution or do distributions go out at random time intervals? Recently payments have been coming in pretty randomly, would be nice to have a fixed schedule like every 3 days or so.  

Thats what we are gonna switch to. A lot of what i am doing today is fixing little issues like that. Since i was working full time in July distributions got a little random, so I am thinkg we will switch to weekly distributions so i know i can make them everyday. I will write up a community update here today on all the changes we plan on making. Thanks!

So the distribution is going out right now for 8/2-8/4. We have decided to do Wed and Sun distributions going forward so that way there is more of a set schedule. I am still working on a full reportt as much of the website information needs to be updated.

Price is also looking good at 100 satoshis

[Jonesd]

Proposal for FoldingCoin Dedication Reward

At the monthly meeting, I talked about using 5Mln of the 100Mln undistributed tokens we received for rewarding long-term folders. This way we can also reward small contributors for their dedication. What I propose:

We count the number of days an address has been included in the daily distributions. We then reward the folders via weekly distributions for reaching the following milestones with X amount of FLDC:

Level 0: New Folder - 0-10 days - 0 FLDC
   Level 1:   Junior Folder - 11-25 days - 200 FLDC
   Level 2:   Folder - 26-50 days - 500 FLDC
   Level 3:   Senior Folder - 50-100 days - 1000 FLDC
   Level 4:   Hero Folder - 101-365 days - 5000 FLDC
   Level 5:   Legendary Folder - 1yr-2 yrs - 10000 FLDC
+   Level 5+: Folding Champion - +2yrs - 50000 FLDC

These rewards might be small to huge miners, but they are sizeable to smaller ones. We could also only do it above a certain level. Next to this we can make badges for this (Like a FLDC logo with a number on it) that people can proudly use on bitcointalk.

For the next week, I would like to get feedback from the community on this and then we will put it up for a vote in this thread.

So, what do you think?

I'm in favour of this, the reason im still folding is not because of profit but rather the value of the work units i process.

I like it!!!  Waiting for GPU #2 to get returned from repair!!  Gonna double the folding power!!

Thanks for the feedback! I will ask Robert to create a poll in this Bitcointalk topic, which will run untill the next public meeting to see if the majority is in favor of trying this out.

[SalimNagamato]

this is nice idea to bonus long term folders
thanks for your work
and was good to watch the meeting. you guys are awesome

[Jonesd]

this is nice idea to bonus long term folders
thanks for your work
and was good to watch the meeting. you guys are awesome

Thanks

[BitcoinForumator]

Take a look at this, might be worth asking for an add.

https://bitcointalk.org/index.php?topic=1151078.0

[Jonesd]

Take a look at this, might be worth asking for an add.

https://bitcointalk.org/index.php?topic=1151078.0

Good idea! I'll ask them

[Jonesd]

We updated the OP a bit. Hope you like it

[FoldingCoin]

We updated the OP a bit. Hope you like it

Nice! looks really good jona

I also got the poll started on the thread