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General Discussion / NeuCoin distribution program to Bitshares holders
« on: April 15, 2015, 03:01:10 pm »
Hi! This is Sandrine, I’m a member of the NeuCoin Project team. As you may know, NeuCoin is a PoS currency launching this summer. We recently published a white paper arguing that PoS is superior to PoW, and appreciated the support we got from the wider PoS community against the PoW die-hards.

I’m reaching out to ask for the Bitshares community’s feedback on another topic. We are considering a distribution program whereby a fraction (3-5%) of NeuCoin’s 3 billion coin premine would be distributed to existing holders of select digital currencies: Peercoin, NXT, Bitshares, Blackcoin, Nubits, Ripple(?), Stellar(?) and potentially Dogecoin (Jackson Palmer is a strategic advisors and Doge has been a pioneer in terms of wide distribution and micro-transactions).

The goal of the program would be to involve the PoS community and achieve the fairest and widest possible distribution of NeuCoins to early adopters who are experienced with crypto in general and PoS in particular. The program fits with NeuCoin’s foundational principle of distributing the currency not just to miners, but to all participants in proportion to their contribution to growth in value and utility - so to consumers, merchants, developers, content creators, service providers like exchanges, wallets, processors, etc.

We ask you for your general feedback on this program, as well as input on the following specific questions:
  • What factors should we consider when deciding which altcoins to include? Just PoS coins? Ripple, Stellar? Certain PoW coins like Doge and LTC?
  • What percentage of the program’s coins should be allocated to each altcoin? We want to be “fair” but more importantly want to allocate in the way that optimizes the growth and adoption of NeuCoin.
  • What should the distribution rules be? We want wide, fair distribution, meaning that we don’t want the majority of the coins going to a small number of altcoin whales. Should distribution be pro rata above/below a certain line? We are considering having a fixed payout ratio for each altcoin (X NeuCoins per BTS) with a minimum and maximum payout for each address. What kind of minimum and maximum payouts per address do you think make sense?
  • A last question - on what date should we take a snapshot of each altcoin’s blockchain to determine eligibility for this program?
  • Any other aspect or consideration you want to bring up?

We hope you find this interesting and look forward to your feedback.

If you want more information about NeuCoin’s distribution, we just published a Strategic Plan on neucoin.org. We also just released a new questionnaire in which we ask respondents about the above distribution program among other things - and we’re rewarding everyone who completes the questionnaire with up to 2,500 free NeuCoin. We also just announced the details of our presale that starts on April 28.
Thanks, and let me know if you have any questions!

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