The Wanted System FAQ
Building a safer community, together.
How are you going to guarantee tips are anonymous?
By using stealth addresses and creating the option of encrypted messages, information providers will be able to stay anonymous and safe from repercussions.
Is your coin going to be anonymous?
We are committed to providing our users with anonymity. Therefore, it is a primary goal to develop a coin with the option of stealth addresses.
If people are rewarded for creating a campaign, what stops them from spamming the system with them?
Campaigns are vetted and approved by internal review and the appropriate law enforcement or civilian authority.
What makes the Wanted System better than the traditional rewards system for suspect apprehension?
The Wanted System guarantees the option for anonymity, allows for more transparency, and is faster than traditional methods.
Is the Wanted Systems project the first of its kind? Has this been attempted before?
To our knowledge, no one has attempted to create a tip and reward system on the blockchain before.
Why not just create an erc-20 token?
We do not believe the Ethereum network would be capable of providing the anonymity or robust network we believe we will require.
Will XWS be inflationary?
The max supply of the Wanted Coin (XWS) is 50,000,000
What use cases will you have?
The Wanted System is intended to provide users with the ability to provide tips and be rewarded on that system for tips. However, in the future, we plan to pursue the development of many applications.
What is going to happen with the Pre-Mine?
2% Of the Pre-Mine will go to the Founders, the remaining 8% will be used to pay team members, marketing, licensing, development and general overhead.
How are you going to prove your coins are burned?
The coin burn will be documented in the Github repo. https://github.com/thewantedsystem
We encourage the community to ask any other questions they have below or at our Bitcointalk ANN thread:
https://bitcointalk.org/index.php?topic=2575296
