Everything You Should Know About Bitcoin Black Distribution
Everything you need to know about the bitcoin black distribution
Distribution is a key part of a currency. With proper distribution, there should be no reason for the currency’s collapse.
Importance of distribution
Equality and fairness is the core of a currency. Based on this theory, there is no currency build on this principle and the power of a fairly distributed currency is yet to be seen. The goal of Bitcoin Black is to provide a functional currency in which society can be equally involved and realize the potential of this type of system.
Bitcoin Black distribution
Distribution will be done from the outset on a mass scale basis, this limits elite exploitation and no member of Bitcoin Black will own more than 1 percent of the total circulating supply at any one point. Exploitation counteraction fund would eliminate the possibility of exploitation by early bag holders and lead to true decentralization that is yet to be seen.
The Distribution will be done in following way to eliminate the centralization of the platform.
The Initial Foundation will be 2.5% which is 900 Million coins and it will be depleted to 0. The Development fund will be 2.5% which is 900 Million coins and this will also be depleted to 0.
The Pre-sale will be 2.5% which is 900 Million coins and 300+ investing members who will be an addition to the founding team will help bitcoin black to move the project forward. Collaborating though slack.
The Bounties will be 2.5% which is 900 million coins. The bounties will be decided by pre-sale members and the Bitcoin Black community, like translations of website, white paper, rewards dashboard and APPS. The Airdrop will be 10% which is 3.6 Billion coins and it will be airdropped to 1 million accounts. 3600 coins per account.
The Rewards bounty will be 20% which is 7.2 Billion coins and it will be divided between 110 members of Airdrop rewards and 110 members of ICO rewards. The IEO will be 20% which is almost 7.2 Billion coins. ICO funds to be distributed to community groups that will help the project to move ahead with the initiative.
Manipulation counteraction fund will be approximately 5%. These will be used for stability control to remove the possibility of early low volume manipulation, and maintain stability in the currency.
The App introduction rewards will be 40% which is 14.4 Billion. This will be distributed among the 10 million members and this goal will be achieved soon if bitcoin black keep growing at the current rate. This is a method used to get Bitcoin Black to every school yard, university, workplace and community.
By creating a fair mass scale distribution, manipulation proof will lead to a stable currency which will eventually be a currency which will be truly usable and will be used one day to Pay wages, pay rent and Pay for food.
Eventually cutting fiat out of the loop. Transition to the new monetary system that has less drawbacks than the existing crypto-currencies and the fiat money framework.