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RE: IMPORTANT: PWR Token Revamp

in #pwr6 months ago (edited)

Hey Alex, hope everythings okey :)

If PWR price goes up, the 12% in Delegation rewards will 'print' less and less PWR. Something which doesn't happen now. Currently the distribution bot assumes 1 PWR is always 1 HIVE.

How is PWR mechanism different from SEED?

SEED had a few problems:

  • Based on presales through DAO Maker (apparently dead now). Those presales worked great in the beginning but had LOOONG lookups, like ~2 years or more in some cases. That was fatal.

  • hard coded fixed supply: which gave me 0 flexibility for a growing liquidity pool.

  • Full KYC on DAO Maker from my side. This was another killer long-term. Spain is being very hostile with entrepreneurship and treats his citizens like criminals by default. I had a ''false alarm'' (in the end not finally needed) which would have forced me to declare all our SEED assets as 'mine'. With incurring taxes and all that stuff.

With PWR it's a bit different.

  • No presale or token sale
  • No team allocation
  • Still a positive according to the Howey test but much safer compared to SEED.
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Gracias mi amigo por la respuesta detallada. Estoy bien, un poco cansado. Despues de pasar un tiempo contigo, creo que puedo confiar en mi gitano iberico. 😂😘

''Gitano ibérico'' JAJAJAJ

Das ist so, als würde man Sie „Mein lieber Balkan-Rohling“ nennen (auch wenn Sie nicht von dort stammen).

Amigo, during the #BeerSaturday with @detlev, when our friend, @xrayman joined the table, you said: look, we all are gitanos ibericos, and I think it was me included, which I found very kind of you.

Gerade heute hörte ich einen Bericht über eine Frau, die wegen Hassverbrechen gegen Roma angeklagt wurde.

@xrayman ist der größte Zigeuner von allen, keine Frage, ich mache das nur im Sommer, wenn ich braun werde.

Danke, dass Sie mich an diesen Moment erinnert haben (ich hatte ihn nicht wirklich vor Augen). Gute Erinnerungen :)

I have a big head, where I put all the stuff in, and it is still empty. I still can sketch the table in the middle of the bar where we have been the first time, with me sitting with the back to the group tables. The last bar, where we went in the back was harder, as I had some good beers. @xrayman is cool, no matter what, or at least if he does not switch from animal xrays to taxidermy, because that would be weird.

we all are gitanos ibericos

That's the best compliment you could give me! To be included in a group with you two!

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Hombre, the weight of this one matches more mine, rather then yours.

😂
I'm not a photographic model, my friend! That is one of the reasons that my Avatar isn't my own photo 😅😅
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I know you are not, we both are in shape, spheric shape.

Gay

Yes, we are happy that you are happy!