is there any information about the MobileCoin coin distribution out there? As a background:
This is based on the Stellar Protocol and everything is quasi pre-mined so all 250m tokens exist. 37.5m are in the hands of first investors if I get it right. One of the big problems Stellar and Ripple have is that they are sitting on a huge pile of coins that they do not know how to distribute, have no other course of action than to lock them up or otherwise make everyone sure that they will not dump bootloads of coins at will.
Uniswap made everyone happy by distributing 400 UNI to all people that worked with the system. You could distribute them for running validator nodes “for free” but I am not sure what that means tax wise for the foundation.
Any more information on the plan here would be good. e.g.
- 37.5m investors (unlocking evenly over 5 years starting 2 years after mainnet launch)
- 62.5m team (unlocking evenly over 5 years starting 2 years after mainnet launch)
- 50m community developers (distributed over 10 years)
- 50m community supporters
- 50m coindrop for each active wallet… not sure how one would do that without allowing people to create a milllion wallets
Estimated time to full distribution 8 years.
Just as an idea.
Thx. And back to github looking at code