Best way to ICO

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I read protegeaa@protegeaa talk about the right ways and the wrong ways to do an SMT

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First the right ways:

  • Vesting Terms for Founders
  • Incentivize Hodling
  • First rewards to Stakers/Hodlers
  • Utility before liquidity

Vesting Terms for Founders

We believe everybody is equal in an organization. That everybody who participates should have a fair say over what they own. Our founders SMT as well as the initiatives we’ll be funding will all be powered up upon distribution. Our unsold shares totaling roughly 30% will be powered up, but not voting. They will be distributed to new users.

While 1% for each founder seems like a small amount we believe this platform can only succeed if it is sufficiently distributed. We’re hoping no individual owns any appreciable amount of our tokens.

Incentivize Hodling

As protegeaa@protegeaa mentions SMTs are the perfect vehicle to incentivize hodling. As we can power up our tokens and use them to reward content and grow our collective impact on society.

First rewards to Stakers/Hodlers

Our token distribution model will reward the earliest participants in each round while encouraging further donation. The donations held should be enough to cover needs based solely on upvote. Ideally building dlux in to a global resilient free resource will cost nothing but attention, in the form of this trust. We’ve built the ecosystem to grow organically.

Utility before liquidity

Our platform is live now. You already have the ability to post anything your heart desires. The utility our token offers is the ability to incentivize your needs. Our goal is to collect attention on steem and grow the value proposition of this robust economy and blockchain. When our SMT launches it will continue to provide its own utility in the way its users decide to build it or fork it.

We will fork our own front-end to build communities around games, entertainment, education, storytelling, DIY, and infrastructure. Our blockchain infrastructure allows us all to participate in this in the real world.

We will continue to bring in augmented reality and machine learning functions. Showing, not telling, what the future of commerce can look like.

And the wrong ways:

  • No vesting term for founders
  • All at once delivery of tokens
  • Delivery/liquidity of tokens before utility
  • Use of gimmicks to find speculators
  • 1:1 Airdrops

No vesting term for founders

Our founders will have their stake powered up upon delivering. This gives us every incentive to make our product successful and will also signal our long term intents publicly while subjecting us to no addition need for oversight or guidance. We strongly believe we are all equals in life and won’t support a system with classes of users.

All at once delivery of tokens

Our tokens will all enter the market simultaneously but will only be made available to investors and delegators. Only people with tangible assets to our community driven vote fund or contributed to our knowledge base will have tokens.

Delivery/liquidity of tokens before utility

Tokens for any purchasers become liquid upon distribution. Tokens issued to founders and initiatives will be powered up.

Use of gimmicks to find speculators | 1:1 Airdrops

To both of these, as previously stated... we only distribute to people who invest their time or crypto with us.

I think the most gimmicky thing about our model is that it should work on its own... you just have to trust it. It shouldn’t take money to run it... but money currently represents trust... so if we can put our trust in something... and it runs itself.... the “money” that went in kinda just loses its value because the only thing money is good at is being the unit of exchange. It will only work if we believe it will; can you believe in a better tomorrow?

Breaking out of the ad model and their contrived filter bubbles. The monopolies these companies create and enforce through governments. Public domain information can be utilized by anyone who accessed it to make their lives instantly better. Teach people math with a game. Teach people history with a game. Let people experience your story...

Anything you want to create is yours to build. The value this distribution paradigm has is in its freeness.

Learn more about our ICO

Best way to ICO | Ecency