@geektoken - As a hodler of GEEK, I have some questions about your distribution plan. I agree that your plan is possible, but I am bit concerned about distributing all of the tokens by the end of 2019.
- What prevents everyone who receives your token from immediately selling them, including team members?
- Are there services or products available that will accept GEEK as payment?
- Have you considered distributing GEEK tokens over the course of several years?
- Have you considered airdropping GEEK tokens to people who you currently holders, like Creative Coin Crypto?
If you still decide to move forward, I would like to join the team, but I felt it best to express these concerns first for the sake of GEEK.
Sorry for the delay and thanks for supporting GEEK.
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.
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.
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.
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.
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