RE: Forming the GEEK Token Team (Playing With the Numbers)

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Forming the GEEK Token Team (Playing With the Numbers)

in palnet •  5 years ago 

Sorry for the delay and thanks for supporting GEEK.

  1. No matter what system or plan I use there is nothing to stop someone from selling off GEEK tokens for short term gains. There is also nothing to stop hodling GEEK and buying even more at a price driven down by sellers. That's just how free will and markets work. A whale can have some effect on the price but 80% of the tokens that are possible haven't even be minted at the time of this writing. Each team member is paid equally so someone still has to buy a massive amount to be a whale and I am walking away from this project with only 100,000 GEEK so I am not a whale.

  2. There might be an upvote bot similar to what is described in https://steempeak.com/steem-engine/@holger80/how-to-build-a-steem-engine-token-upvote-bot. I just don't have time at the moment to set such a thing up. There are a few other projects developers have been discussing on the steem-engine discord that could utilize GEEK.

  3. I am currently writing the draft of an upcoming blog that should answer this question. If you still have concerns after reading the post you can reply to it after I post it either tonight or tomorrow.

  4. The original GEEK airdrop was based on the PALcoin rich list directly from steem-engine.rocks. When the list was compiled and processed through the EngineAirDrop program there were over 5400 user accounts on the list and even accounts with 0 PAL were on the GEEK airdrop list.

If you are still interested in being a team member please let me know. Also feel free to ask any more questions. Again, thanks for supporting GEEK.

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@geektoken - Thanks for taking the time to write out a detailed response. I do appreciate it!

I would be interested in being a team member and distributing tokens.