- Daily auctions of the new LARYNX miners tokens
Love this concept, basicly all on open market, and prevents instant whales.
- first month mining BROCA, then swithc to SPEAK
This explains it, since there will no broca at start that is needed for the system.
Thans for the answers. The setup looks great!
P.S. about the SPEAK mining rate, slow decline looks like a more elegant way, but these halving events prove them selfs as a thing .... obviously people like events, the slow decline is more elegant but boring :)
your thoughts on the SPEAK mining rate decline is spot on with mine. As a side note, once all the SPEAK is mined, the fees generated by the SIP will be used to take over payments. The mining time allows time for the SIP to build up enough funds to make the fees generated to fund the network. The fees generated are always converted (bought off dex) into SPEAK, and SPEAK is paid out from the SIP to the miners after the initial mining is SPEAK is finished.