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RE: Shittokens

in LeoFinance2 years ago

I am inclined to agree with most of what you've written here and it is exactly why the Scholar and Scribe community has hit most of your points so far:

  1. I personally paid for both tokens, staking, and proof of brain features on both.
  2. I personally paid for and set up the mining rewards pool for SCRIBE stakers to mine SCHOLAR.
  3. The tokenomics on both of these tokens is conservative but has been designed for a 30 year timeline
  4. None of either token have been offered on the market.
  5. I airdropped 1 SCRIBE and 10 SCHOLAR to every account that made a post in the community from its creation until the tokens went live.

The only way to earn these tokens is to engage in the community and give or receive votes that use the tag.
We have a SPK breakaway community frontend spun up at scholarandscribe.com and additional use cases are being discussed/planned.
We are partnering with projects on and off chain to seek opportunities and value for our holders.

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And you didn't give 229,723,948,134 tokens to yourself as a founder premine :)

I gave myself exactly 1 SCRIBE and 10 SCHOLAR, and the same for the community account. That is all! Even the tokens we have given away as prizes have come directly from the community account or my personal earnings. The tokenomics plan left a small portion ( <5%) of each token that we could use to fund LP rewards, token fund, or whatever, but if the community decides not to use them in that way they will be left unissued and will be distributed by the proofofbrain rewards pool.

Scholar and Scribe may not be widely known yet but it will continue to do things the right way and build.