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by jspaetzel
2324 days ago
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Well. That's a nice publicity stunt. lets see how they get their investment back. It's nice that this project does some good.
https://github.com/handshake-org/hsd/blob/56c83ca7344def512e... So if I read this right Creators get: 102mi coins Sponsors get: 102mi coins they are airdropping about 952mi coins to users on github to the tune of 4,246 per user. So they're collecting about 20% of all coins initially dropped. That's slightly more then some. And at the value listed on https://www.namebase.io/ that adds up to some
102,000,000 * $0.44 = $44mi. Ok, so it's not an ICO exactly, instead they raised VC funds which is expecting a return by selling coins. I've just spent a few minutes looking through the website, docs, and a little code. And I have no idea how an end user will use these names. Everything polished about it is for trading coins not real world usage. Sounds like every other crypto coin. |
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It’s aimed at open source developers who will be able to figure out how to use the system, not mainstream non-tech normies. As evidenced by the large airdrop to Github.