We Are Alive - ALIVEM Update - Please Give Your Feedback
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ALIVEM Update - Please Give Your Feedback
So a few days back I posted this with my @flaxz account, Update About The Miners - Suggestion For A Better Strategy.
There I suggested that we update how the strategy for our ALIVEM miner tokens are going to work, and to also update our White Paper accordingly, White Paper - ALIVE And ALIVEM.
Most of the feedback there was positive, and there was also some that was less positive which I think has to do with not really knowing how the miners work and what the numbers therefore mean in practise.
I did answer all comments but I am not sure that they where all read, or understood the full meaning of them.
So here I want to address all of this, plus I will also mention all of our Founders to make sure that noone is missing any of this.
Comparison To Other Miners And The Rate Of Mining ALIVE Tokens
So what was a bit in question was that some thought that because other tribes miner tokens was mining at a very low rate then that meant all miners in all tribes would do that too.
Then there was the question of the increased price and that some thought that meant a lower return of investment, which I think they meant the miners would have a set rate for each miner token.
Both of these are actually related, and both are also NOT correct.
To start with the miners do not have a set rate with which they are mining ALIVE tokens with, the rate is set for all miners together.
Each miner acts as a lottery ticket, and there is an hourly drawing with 20 winners per hour, which means that the fewer miners that have been sold the more ALIVE tokens each miner will win to it's owner.
This is also why miners for all tribes are not equal, take CTPM for example, you can see the list of CTPM holders here, https://clicktrackprofit.com/v2/richlist/?token=CTPM
Just looking at that list it is quite obvious why you need a lot of miners staked to earn something from them, and then you look at our suggested strategy below to compare how many miners we will sell.
And do note the price for each level of miners released and it should be quite obvious that we will not sell that many of them, which means the value of each miner is high, and that each miner have a high chance of winning at a good rate.
The Suggested Strategy
So here is the suggested strategy and price structure that is the proposed update for how we want to do our ALIVEM miners.
15 000 miners in total, and the price per token, and the total Hive for selling all tokens on each level.
This is the strategy that I want to update our White Paper with and then implement, please add your feedback and what you think of it.
To launch the miners we need 1000 BEE to enable staking, another 1000 BEE to enable the mining contract, and 100 BEE to update Scotbot, so 2100 BEE in total.
We will get this by selling the miners on the market, and to make sure that we do not repeat the drawn out funding process when we funded our tribe, then I want to see standing buy orders of at least 1000 Hive for ALIVEM at 5 Hive per token in the market before issueing the first 1000 ALIVEM and putting them up for sale on the market.
This of course after all feedback and after updating our White Paper.
Thank you very much for reading this post, leave your thoughts in the comments below, and ...
Stay safe, awesome and alive!
We Are Alive And .Social
Written by @flaxz
This is my own personal opinion, do your own research before investing, and seek legal counsel if uncertain.