The time has come to unveil further details for the STRANGE Token Distribution Plan!
First the Details of the STRANGE Token:
MAXIMUM SUPPLY: 10,000,000 STRANGE
The Distribution Plan:
|BitShares DEX Sign Up Incentive (for new accounts):||20%||2,000,000|
|Token Design Contest Prize:||0.5%||50,000|
|Distribution to Current BitShares DEX Users:||70%||7,000,000|
|Reserve (to be burned if not needed):||9.5%||950,000|
Explanation of categories:
The BitShares DEX Sign Up Incentive (for new accounts) will be 20% which is 2,000,000 tokens. I have a target of 2,000 new users to sign up between now and December 31st, 2017.
In fact, I have had 1 new sign up already, noconnor8, who I have sent the 1st sign-up bonus!
If the target goal of 2,000 sign-ups is not reached, then the remaining tokens designated for this purpose will be burned at the deadline of December 31st, 2017.
Token Design Contest Prize will have a REWARD of 0.5% of the total equalling 50,000 STRANGE Tokens.
More details of the Token Design Contest to follow soon!
Distribution to Current BitShares DEX Users of 70% which will be a total 7,000,000 STRANGE Tokens. According to http://cryptofresh.com/a/BTSthere are at the time of this writing 38,146 Holders & Traders of BTS.
Using this number, I get 7,000,000 tokens ÷ 38,146 users = 183.51991 which will be rounded to 185 tokens each.
From what I have found on http://cryptofresh.com/, I have been able to identify only 5,186 users for which to send the initial distribution.
Once I begin the distribution 5,186 users x 185 tokens = 959,410 total tokens distributed.
The remaining tokens will be preserved between now and December 31st, 2017 for users who did not receive the initial distribution to contact me and I will be able to send them their portion. If the users who do not receive the initial distribution do not contact me by the deadline of December 31st, 2017, then the remaining portion of 6,040,590 STRANGE tokens will be burned, reducing the total supply.
Reserve (to be burned if not needed) of 9.5% of total, which is 950,000 tokens will be held to be used if necessary for other promotional endeavors, including but not limited to: additional sign-up incentives, additional STRANGE token contest, other advertising efforts, etc.
If they are not used by the deadline of December 31st, 2017, then the remaining portion of STRANGE tokens will be burned, reducing the total supply.
The distribution will begin after the posting of this blog today and will go until I am able to finish the list of 5,186 users, at which time another post will be made.
Thanks, and as always:
UPDATE: Approximately 10% of the Distribution to Current BitShares DEX Users, so 10% of the 5,186 users on my list have now been distributed 185 STRANGE Tokens.
Created by Michael Paine