A Crazy Idea for Token Issuance
What if someone issues a token with the following tokenomics?
Initially, 10% of the tokens are unlocked and sold on the market. The proceeds go to the project team to build out the product/platform, marketing, salaries, etc.
Each future unlock must meet ALL of the following conditions:
1. Six months after the previous unlock.
2. ONLY IF the token price has sustained above 2x of the previous unlock price for more than 30 days immediately before the unlock.
3. Up to 5% of tokens maximum each time.
For example, if the TGE was in Jan with a price of $1, by June, if the token price is still less than $2, no more tokens can be unlocked. Let’s say the token's price was above $2 from July 4 to Aug 3, then on Aug 3, 5% more tokens can be unlocked into circulation. Say the price is $3 on Aug 3. The next earliest unlock possible is March 3 next year, and only if the price is above $6 for longer than 30 days.
The project teams have the discretion to delay or reduce the size of each unlock. If they don’t want to sell more, they don’t have to. But the maximum they can sell (unlock) each time is 5%, and then they have to wait for at least another 6 months AND the price to double again.
The project team does NOT have the discretion to shorten or increase the size of the next unlock. The tokens shall be locked by a smart contract where a third party controls the keys.
This avoids new tokens flooding the market when prices are low. It also gives the project team incentives to build for the long term.
I have no plans to issue a new token. Just an idea for discussion.
MultiversX Warps 🔥
warps simplify blockchain transactions by turning them into simple shareable links.
ready for users. ready for agents.
hardcore builders shipping for Christmas @vLeapGroup 🎄
https://t.co/epOcdLSa9S
Telegram is now profitable 🏆
📈 This year, the number of Telegram Premium subscribers tripled, exceeding 12 million. Our ad revenue also increased a few times. Telegram's total revenue in 2024 surpassed $1 billion, and we are closing the year with more than $500 million in cash reserves, not including crypto assets 🪙
🏦 Over the past four years, Telegram has issued about $2 billion in debt. We repaid a meaningful share of it this Fall, taking advantage of favorable prices for the Telegram bonds. But there’s a lot of work ahead 👨💻
🔬 Our innovations in monetization this year (⭐️Stars, 🎁 Gifts, 🪙Giveaways, 🖥 Mini Apps, 🤝the Affiliate Platform, 💼Telegram Business, and 📥Telegram Gateway) demonstrate that social media platforms can achieve financial sustainability while staying independent and respecting users' rights 💪
1/25) MultiverseX (EGLD) is the technological holy grail of crypto
Capable of exceeding 100k TPS now, as it has fully implemented sharding!
After ETH & others gave up on this goal, EGLD came along & proved them all wrong!
Come with me & explore the cutting edge of crypto: 🧵
markets are taking a massive beating, with some of the largest drops in the last 50 years.
everyone is wondering if this is the end.
fact is that several important and unlikely factors have incidentally overlapped to create a perfect storm. Perhaps the most concerning being that global markets are pricing in rumors of military and potential war escalations.
stay strong, learn all you can, build something cool, and #EGLDsqueeze.
in the end, this will be what matters.
Good morning #MultiversX !
Question: how do you know you created a great product (art in our case) ?
Answer: with 692/999 Santa Muerte minted so far 0 have been listed on the market!
Even with the Mint being Public and for only 0.10 $EGLD it seems all minters are 💎 🙌🏻 unwilling to part with their beautiful ladies!
At 3pm UTC we will be raising the mint limit/wallet so make sure to grab one before then as our Legion members will surely deplete any remaining supply in seconds!
#MultiversXNFTs #ForTheCulture #MakeNFTGreatAgain #DigitalCollectibles
Did you mean something like this?
Live on @xPortalApp . At the user trie level, you can add all your addresses from all other chains, and the app reads from there and where you want to go. Again, implemented at protocol level, scales with the number of users, not limited to SCs. And not only addresses, but herotags as well, to make any transfer readable.
And if we speak about rollups and enshrining them, #SovereignChain resolves all the issues. One wallet on the ecosystem to use any dApp on any Sovereign Chain. If there are address mapping differences, that information is saved for every user and precomputed when it is needed.
Click, transfer, trade, get back the return data and tokens. By default!
btw. It looks pretty complicated and prone to error that bridging UX on the Ethereum ecosystem. Neither of those looks fun/right.
MultiversX is the most scalable, advanced and secure layer 1 in the world TODAY.
with Sovereign chains, this technology can accelerate and interoperate with any other chain or community out there.
Bitcoin and Ethereum, the largest ecosystems in the world, can benefit tremendously because of this technology.
at 150$ today, EGLD would be top ~25 cmc.
the underdog is waking up.
it's moving. Going there. And much beyond.
#EGLDsqueeze, build, get involved.
💥 https://t.co/zMSeHSlJWA
MultiversX holds a unique position in Europe, bringing together communities that speak different languages.
To better explain what we're building at XOXNO, we've condensed our whitepaper and created a multilingual lightpaper.
Check the thread to find it in your language!
Breathing in the salty breeze and dancing to our favorite beats at the first Spanish edition of #SUNWAVES Festival ::: #SW33 ::: 12-16 September 2024 ☀️🌊
Joining us at the 3 stages face-fronting the Mediterranean sea on the coast of Roquetas de Mar ::: Las Salinas Beach