Announcement - steemdrops (BLOKZ) token
Just setup a @steemdrops token, symbol (BLOKZ), and started planning token distribution and played around with some calculations, I'm completely new to launching a token, and appreciate all feedback.
As for token distribution, the draft right now looks something like the following:
Max Supply 42 billion
1 billion to @blokz - Approx 2.4% - I (@sn0n) will sell up to 5% of this supply each year (monthly increments), these funds will remain on @blokz aside from costs for servers, domain name, and other costs related to @blokz and @steemdrops.
1 billion future development, 25% of the funds supply per year. Beginning 2020 developers will get distributions monthly.
Remaining 40 billion
10 billion allocated to @steemdrops for blokz/profile creation. Upon initial profile creation, users will be given around 1000 BLOKZ, decreasing over time as users join to around 10blokz per signup.
10 billion allocated to @steemdrops for blokz/plan. WORK IN PROGRESS. Successful quiz completion submissions will be given blokz tokens.
20 billion allocated to @steemdrops and reserved for future blokz projects and services
A 10 Year Plan /
Whats the Developer fund look like
Year 1: 1,000,000,000
Annual Distribution (25%): 250,000,000.00
Available Monthly: 20,833,333.33
Year 2: 750,000,000.00
Annual Distribution (25%): 187,500,000.00
Available Monthly: 15,625,000.00
Year 3: 562,500,000.00
Annual Distribution (25%): 140,625,000.00
Available Monthly: 11,718,750.00
Year 4: 421,875,000.00
Annual Distribution (25%): 105,468,750.00
Available Monthly: 8,789,062.50
Year 5: 316,406,250.00
Annual Distribution (25%): 79,101,562.50
Available Monthly: 6,591,796.88
Year 6: 237,304,687.50
Annual Distribution (25%): 59,326,171.88
Available Monthly: 4,943,847.66
Year 7: 177,978,515.63
Annual Distribution (25%): 44,494,628.91
Available Monthly: 3,707,885.74
Year 8: 133,483,886.72
Annual Distribution (25%): 33,370,971.68
Available Monthly: 2,780,914.31
Year 9: 100,112,915.04
Annual Distribution (25%): 25,028,228.76
Available Monthly: 2,085,685.73
Year 10: 75,084,686.28
Annual Distribution (25%): 18,771,171.57
Available Monthly: 1,564,264.30
and @blokz's maximum sell walls ?
Year 1: 1,000,000,000
Annual Distribution (5%): 50,000,000.00
Available Monthly: 4,166,666.67
Year 2: 950,000,000.00
Annual Distribution (5%): 47,500,000.00
Available Monthly: 3,958,333.33
Year 3: 902,500,000.00
Annual Distribution (5%): 45,125,000.00
Available Monthly: 3,760,416.67
Year 4: 857,375,000.00
Annual Distribution (5%): 42,868,750.00
Available Monthly: 3,572,395.83
Year 5: 814,506,250.00
Annual Distribution (5%): 40,725,312.50
Available Monthly: 3,393,776.04
Year 6: 773,780,937.50
Annual Distribution (5%): 38,689,046.88
Available Monthly: 3,224,087.24
Year 7: 735,091,890.63
Annual Distribution (5%): 36,754,594.53
Available Monthly: 3,062,882.88
Year 8: 698,337,296.10
Annual Distribution (5%): 34,916,864.80
Available Monthly: 2,909,738.73
Year 9: 663,420,431.30
Annual Distribution (5%): 33,171,021.56
Available Monthly: 2,764,251.80
Year 10: 630,249,409.73
Annual Distribution (5%): 31,512,470.49
Available Monthly: 2,626,039.21
source code for calculations above:
let initial = "1000000000";
let i = 0;
let percentage = 5;
function numberWithCommas(x) {
return x.toString().replace(/\B(?=(\d{3})+(?!\d))/g, ",");
}
do {
i = i + 1;
console.log("Year "+ i + ": " + numberWithCommas(initial));
console.log(" Annual Distribution (" + percentage + "%): " + numberWithCommas((initial*(percentage*.01)).toFixed(2)));
console.log(" Available Monthly: " + numberWithCommas(((initial*(percentage*.01))/12).toFixed(2)));
initial = (initial - (initial*.05)).toFixed(2);
}
while(i < 10);
Both @blokz and @steemdrops will distribute additional rewards in the form of UpVotes from their respective accounts to token holders, as well as exchanging upvotes for blokz tokens.
@blokz will also have a Frontend for exchanging tokens for goods and services from blokz.io. As to what will be offered on blokz.io, software to hardware, things relevant to helping people achieve their goals.
Part of the goal is to have people be rewarded blokz from doing basic tasks for themselves. This will be in the form of task + proof = reward. The task can be anything the user deems a worthy task, the proof is submitting time spent on task, peer reviewed and tokens rewarded. The peers reviewing blokz will be manually selected curators who have the ability to distribute up to a certain amount of tokens per task. The entire purpose of blokz is to reward accomplishing tasks & goals for self development or maintenance of mind, body and spirit.. progressing as a person. https://blokz.github.io (open source) is dedicated to self-development and connecting people with similar interests... Our initial toolbox for these similar interests are games (specifically Steem Monsters, Chess & Magic: The Gathering), Philosophy (current focus on Buddhist problem solving in the eightfold path), Website Projects, Organizing (Software, Hardware, Paperwork, life) & Goals (Future planning). GTD, 7-Habits, Alan Watts, Earl Nightingale, etc... Promoting problem-solving and investigative skills to build upon. When we begin with the end in mind, it's easier to start seeing the smaller pieces we could assemble to accomplish that end.
Thoughts / Comments / Suggestions ?
This is just the start and my initial plan for distribution, I'm leaving all BLOKZ tokens undistributed until July 10, 3PM PST to collect additonal input. Please reach out in the comments below or on Discord.gg/CgE3Sgr.
Questions ?
Please please please ask any and all questions if something doesn't make sense or seems out of place. Currently I'm a one man show running all this myself, so some things may have been missed or skipped over inadvertently.
Extra Bonus Feedback Contest
Each user who comments below will get 50 blokz tokens.
In addition to the free blokz, I'm also going to include @steembasicincome shares to some participants.
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