I think I read that Safecoin earned by the SafeX App is to be distributed to developers and members of the Board of Trade according to their SafeXcoin holdings, although I can’t find it now and its not in the white paper. Maybe it was on the SAFE Network forum?
Can you point me to the detail of this again?
I also think there was distribution to the SafeX Foundation - is there anywhere that details all the entities and their interactions?
Assuming I got things right in my first sentence - I’m wondering if you considered other elements to where the value for being on the Board Comes from in deciding distribution. As I understand it the distribution is entirely based on SafeX holding, whereas I think those active on the network would be making a contribution greater than just their holding, so it might be important to reward this too, for example:
- for voting. Though this would need to be “good” voting rather than any voting (spam)
- for trading. Again, possibly vulnerable to spam.
- weighted by reputation. If reputation were a composite of voting & trading it might be able to substitute for rewarding voting and trading.