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crab notes 🦀 lobsterdao crab notes 🦀 lobsterdao @crab_notes · 8.04K subscribers
Post #528 1.78K
Rocco with two cool pieces: on token distribution aka Fair Launch meme + a response to NuCypher's WorkLock model 🎓

On Fair Token Launches
-> http://bit.ly/2I40DGm

How to distribute tokens to as many people in interest as possible in a fair way. Touching upon interesting distributions by Numerai (dedicated data scientist airdrop), Handshake (contributors airdrop), and Livepeer (potential workers airdrop accessible to all ETH holders).

WorkLock --> WarLock
-> http://bit.ly/2K26X43

His idea is to make this like this: Participants receive 25% of their escrow back after ‘x’ work provided. 75% of ETH is pooled and forms an exogenous block reward which is granted in addition to the network’s native block reward...

Imho: this is a positive incentive type for workers to stay in the network. Positive incentives better apply to speculators... no, to be honest, they don't. Speculators would rather get less money but be safu and dump at a smaller profit at the start. If we are talking about the community in actual interest (loyal members), they would not need this superficial extra incentive. However, what it does do is make sure the team, which is able to stake and mine, will not be selling token rewards for USD to fund the development, but will be getting part of that ETH escrowed amount while not actually being in the initial WorkLock contribution (but... zcash premine much?). Share your ideas in @TokenCode
Medium On Fair Token Launches What is a Fair Launch?
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